08 May, 2024

Air Lease Corporation releases details of its first quarter 2024 results


Aircraft leasing and management giant, Air Lease Corporation has just released its financial results for the three months ended March 31, 2024. During the first quarter, ALC took delivery of 14 aircraft from its existing order book, representing approximately $900 million in aircraft investments. The company ended the period with 472 aircraft in its owned fleet and approximately $31 billion in total assets. ALC sold five aircraft during the first quarter for approximately $240 million in sales proceeds.

“With aircraft in short supply and values rising, we benefit from continued fleet expansion and sales activity in an industry backdrop that remains positive. We see this environment continuing for the near to medium term future,” said John L. Plueger, Chief Executive Officer and President, and Steven F. Udvar-Házy, Executive Chairman of the Board.

First Quarter 2024 Results

The following table summarizes our operating results for the three months ended March 31, 2024 and 2023 (in millions, except per share amounts and percentages):

Operating Results

 

Three Months Ended

March 31,

 

 

2024

 

 

 

2023

 

 

$ change

 

% change

Revenues

$

663.3

 

 

$

636.1

 

 

$

27.2

 

 

4.3

%

Operating expenses

 

(528.0

)

 

 

(477.9

)

 

 

(50.1

)

 

10.5

%

Income before taxes

 

135.3

 

 

 

158.3

 

 

 

(23.0

)

 

(14.5

)%

Net income attributable to common stockholders

$

97.4

 

 

$

118.3

 

 

$

(20.9

)

 

(17.7

)%

Diluted earnings per share

$

0.87

 

 

$

1.06

 

 

$

(0.19

)

 

(17.9

)%

Adjusted net income before income taxes(1)

$

146.3

 

 

$

166.8

 

 

$

(20.5

)

 

(12.3

)%

Adjusted diluted earnings per share before income taxes(1)

$

1.31

 

 

$

1.50

 

 

$

(0.19

)

 

(12.7

)%

Key Financial Ratios

 

Three Months Ended

March 31,

 

2024

 

2023

Pre-tax margin

20.4

%

 

24.9

%

Adjusted pre-tax margin(1)

22.1

%

 

26.2

%

Pre-tax return on common equity (trailing twelve months)

11.2

%

 

10.2

%

Adjusted pre-tax return on common equity (trailing twelve months)(1)

11.6

%

 

11.0

%


(1)

 

Adjusted net income before income taxes, adjusted diluted earnings per share before income taxes, adjusted pre-tax margin and adjusted pre-tax return on common equity have been adjusted to exclude the effects of certain non-cash items, one-time or non-recurring items that are not expected to continue in the future and certain other items. See note 1 under the Consolidated Statements of Operations included in this earnings release for a discussion of the non-GAAP measures and a reconciliation to their most comparable GAAP financial measures.

07 May, 2024

Serious data breach at UK's Ministry of Defence...... up to 272,000 armed forces personnel may have had details exposed.

The UK's Defence Secretary, The Rt Hon Grant Shapps appeared in the House of Commons on Tuesday to confirm to the house that a data breach at the MoD could have left the bank details and possibly other personal data of over 272,000 personnel exposed.  

Shapps told MPs that the Ministry of Defence had identified someone had gained access to part of the Armed Forces payment network. The details exposed in the hack include names and bank details, and, in some cases, addresses of serving, retired and reserve staff.  

During the statement in Parliament, Shapps said: "For reasons of national security we cannot release further details of the suspected cyber activity behind this incident.  However, I can confirm to the House that we do have indications that this was the suspected work of a malign actor and we cannot rule out state involvement."

The MoD uses an external system operated by a contractor for its payroll systems and is not connected to the main HR systems of the armed forces. However, the name of the contractor concerned has not been released or if it was connected to a hack of Fujitsu systems a couple of months ago. 

Shapps also said: "We've launched a full investigation, drawing on Cabinet Office support and specialist external expertise to examine the potential failings of the contractor and to minimise the risk of similar incidents in the future."

Many believe that China is behind the hack which has been going on for around three weeks, yet only came to light last week after a pattern of unusual activity was spotted by investigators. It is understood that the hack can be traced back to certain hacking groups, yet who employed them is less certain. In previous years both China and Russia have used such hacking groups to infiltrate the systems of other nations. 

Another computer security expert has contended that another undisclosed state actor could also be responsible for the hack. For example, both France and the USA have government-backed hacking and infiltration operations that have been known to explore vulnerabilities in other countries' official systems. 

A Chinese embassy spokesperson said: “China has always upheld the principle of non-interference in each other’s internal affairs. China has neither the interest nor the need to meddle in the internal affairs of the UK. We urge the relevant parties in the UK to stop spreading false information, stop fabricating so-called China threat narratives, and stop their anti-China political farce.”

In the statement, Shapps listed eight steps the department was taking to protect the details of those whose data had been breached in this latest of a series of attacks on UK Government.


The KLM Group posted first-quarter revenues of €2.7 billion

The KLM Group posted first-quarter revenues of €2.7 billion against an operational loss of €290 million. Traditionally, the first quarter is low season for the airline industry. Costs are also rising. What’s more, fleet deployability was below par in January and February. Measures taken to resolve this resulted in an improvement in March. KLM also had to deal with particularly bad weather on several days in January and February, which meant we had to rebook customers on other flights.


“People want to fly KLM. We’re grateful for that. For us, the concrete task of stabilising operations is paramount. We’re addressing the shortage of engineers by redistributing maintenance work and recruitment. And we’ve doubled training capacity for pilots. We’re making up for reduced fleet deployability by hiring in additional aircraft. Adopting these measures already showed results in March. The first-quarter loss makes it all the more important to focus on reducing costs. We’ve taken additional, substantial measures to achieve this. KLM will stay on course and remains committed to achieving cleaner, quieter and more efficient operations.”

KLM President & CEO Marjan Rintel

KLM did however generate strong first-quarter revenues, showing that people still want to travel. In the first quarter of 2024, KLM and Transavia operated 94% of the capacity target.

Fleet deployability was below par. Aircraft needed to spend longer in the hangar waiting for parts, affected by ongoing worldwide supply chain problems. KLM had to hire aircraft to accommodate the longer maintenance time, while the cost of concluding and extending aircraft leases has risen significantly due to global shortages. The costs associated with compensating and caring for passengers affected by disruptions can be added to this. KLM is also facing increased labour costs due to the collective agreements concluded last year, while we are not yet able to operate the corresponding capacity.

First scheduled flight with Lufthansa Allegris on board takes off

First scheduled flight with Lufthansa Allegris on board takes off

A350-900 with 268 passengers on the way from Munich to Vancouver

Further destinations in late summer: Shanghai and San Francisco

From summer: Allegris flights can be booked for the winter timetable

268 passengers, 11 crew members, ten new seat options! The first scheduled flight with Lufthansa Allegris on board, LH476, took off this afternoon at 4:14pm from Munich for Vancouver on the west coast of Canada. Tomorrow, Thursday, the Canadian metropolis of Toronto will be the second Allegris destination, which will be served alternately with Vancouver on selected flights in the first few months. With further A350s delivered, Allegris will also be available on flights to Chicago and Montreal in the summer.

From late summer, flights will also be operated to Shanghai and San Francisco. These destinations will initially replace the existing destinations. From the summer, flights with the Lufthansa Allegris cabin on board will be offered for booking for the winter flight schedule with the entire product range. Further details on prices and benefits for status customers will also be published at that time.

When booking Allegris Business Class, travellers can reserve a specific seat as before. The Classic Seat reservation is always free of charge. This seat offers all the benefits of the new product. Optionally, seats with additional comfort (the Business Class Suite, the Extra Space Seat, the Privacy Seat by the window and the Extra Long Bed) can also be booked in advance via the familiar seat reservation system for an additional charge.



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easyJet celebrates sixth aircraft arrival at Glasgow Airport and launches first flights to Enfidha

easyJet celebrates sixth aircraft arrival at Glasgow Airport and launches first flights to Enfidha

easyJet has welcomed its sixth aircraft at Glasgow Airport where it will operate its largest ever flying programme this summer

Inaugural flights to Enfidha in Tunisia took off for the first time today and flights to Larnaca in Cyprus are set to take off for the first time later this week with great value fares still available for this summer from £39.99



Scotland’s largest airline easyJet, has welcomed an additional aircraft to its base at Glasgow Airport, meaning the airline will operate its largest ever flying programme from Scotland this summer, offering over 2.2 million seats to and from Glasgow.  

The new neo aircraft will join three Airbus A320 family aircraft already serving the airline’s customers in Glasgow, the most since operations began, demonstrating the airline’s long-term commitment to Scotland by providing more great value choice, offering 86 routes across 19 countries in Europe, the Middle East and North Africa.

The airline has also launched brand new flights to Enfidha in Tunisia for the first time, now operating twice weekly on Thursdays and Sundays throughout the year. A new route to Larnaca in Cyprus is set also set take off for the first time on Saturday 4 May and will operate on Tuesdays and Saturdays throughout the summer.

Both routes will provide Scottish customers with even more choice when planning their summer getaway, whether they want to relax by crystal clear waters or discover some of Europe’s most charming cities.



Another top level change at PLAY

Arnar Már Magnússon has been appointed as the Deputy CEO of PLAY Airlines. Arnar Már has served as the Chief Operations Officer of PLAY and will retain that position alongside his new role.


"Being one of PLAY's founders, Arnar Már is a key figure within the company. His knowledge and years of experience in the flight industry will prove invaluable as we move forward. I am extremely grateful to have him by my side, and I am convinced his appointment will greatly benefit the airline," says Einar Örn Ólafsson, CEO of PLAY.

"It has been a unique experience witnessing the growth of PLAY over the past years, and now we are in an excellent position to excel. I have proudly watched my colleagues at PLAY grow and prosper while establishing a brand-new airline. We now have a company with tremendous potential to reach greater heights. I am grateful for the level of trust placed in me with this new position and excited to further enhance PLAY's reputation alongside my colleagues," says Arnar Már Magnússon, Deputy CEO of PLAY.



.

UK-based satellite communications business Hanwha Phasor expands in to U.S.

Hanwha Phasor, a UK-based satellite communications business, confirmed that following a successful four years in the UK, it has opened its first office in the United States. The initial focus of the business will be on developing its market position in the US which presents a wider potential for the portfolio of user terminals.

The office, located in Virginia, will serve as the primary base for the Hanwha Phasor employees based in the US, including the Vice President Business Development Mike Young, the recently joined Business Development Director, Rick LePage, and the new Commercial Director Aviation, Scott McCobb.

Alongside the new US office, Hanwha Phasor has two office locations in the UK. These include the business’ international headquarters in London as well as the ASICs Centre of Excellence in Cambridge.

The WestJet Group and the Aircraft Mechanics Fraternal Association reach agreement - tentatively.....

The WestJet Group and the Aircraft Mechanics Fraternal Association (AMFA) the certified union representing WestJet Aircraft Maintenance Engineers, announced they have reached a tentative agreement on the first collective bargaining agreement between the organizations. Both parties now await the ratification vote to be put forward to membership.

"The WestJet Group is pleased to have reached a tentative agreement that is industry-leading within Canada and recognizes the important contributions of our valued Aircraft Maintenance Engineers, making them the highest paid in Canada, while delivering industry leading work-life balance standards and strong commitments to job security," said Diederik Pen, President of WestJet Airlines and Group Chief Operating Officer. "We are grateful to have arrived at a deal, averting a work stoppage and any impact to our guests' valued travel plans. We sincerely appreciate our guests' patience during this time and are pleased to move forward with an unwavering focus to providing friendly, reliable and affordable air service to Canadians for years to come, as one unified team."

"After nine months of tough negotiating, we are proud to have reached a tentative agreement that will now be presented, through the ratification process, to the hard working Aircraft Maintenance Engineers and other Technical Operations employees who go above and beyond to maintain a best-in-class culture of safety for the WestJet Group," Will Abbott, AMFA National Region II Director, Chairman.


.

06 May, 2024

ICEYE announces API that allows customers to directly task world’s largest SAR satellite constellation



Two new application programming interfaces (APIs) launched as the first in ICEYE’s wider API ecosystem, empowering customers to access critical data in response to time-sensitive demands.

 

ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations, announced the launch of two new application programming interfaces (APIs) that will give customers faster access to imagery from the world’s largest SAR satellite constellation through a self-driven, automated process.

The first API automates the satellite tasking process, enabling machine-to-machine interactions for this critical step. Customers who have built their own platforms to access commercial tasking services may now seamlessly integrate into the ICEYE space and ground architecture without a human-in-the-loop.  The second API automates the process for customers to request SAR imagery from ICEYE’s extensive catalog of over 60,000 archive images. 

“We are thrilled to announce this new service, which makes the world’s largest SAR satellite constellation even more accessible to our customers,” said John Cartwright, SVP and Head of Data Product. “Customers increasingly seek to integrate access to the ICEYE SAR constellation, the largest in the world, through their own platforms.  The end-to-end workflow automation we are releasing today puts this power directly in their hands so they can make smarter, data-driven decisions in near real-time.” 

India’s IndiGo orders 30 Airbus A350 widebody aircraft

A350, the aircraft of choice for IndiGo’s long-haul ambitions

A320 Family has powered IndiGo’s expansion in domestic, regional markets

 

IndiGo, India’s largest airline, has placed a firm order for 30 Airbus A350-900 aircraft. The order will help expand IndiGo’s international network to long-haul destinations.

India, the world’s fastest growing major aviation market, is on the verge of an international travel boom as the economy grows and household incomes rise. The A350 is perfectly positioned to serve the country’s aspirations for long-range travel. The choice of the A350 is a reaffirmation of IndiGo’s continued trust in Airbus and is yet another validation of the aircraft as the undisputed leader in long-haul air travel.

“Today’s historic moment marks a new chapter for IndiGo and will further shape the future of the airline and for Indian aviation at the same time. For IndiGo, after successfully pioneering the Indian skies with an unprecedented journey, its fleet of 30 Airbus A350-900 aircraft will allow IndiGo to embark on its next phase of becoming one of the leading global aviation players. At IndiGo, we take pride in being India’s preferred airline and for offering connectivity to our customers, in and with India. This reaffirms IndiGo’s belief in, and commitment to, the growth of India, and in our strategic partnership with Airbus,” said Pieter Elbers, CEO, IndiGo.

“A heartfelt thank you to IndiGo for putting its trust in Airbus once again, and to our respective teams who negotiated this agreement for 30 A350s. IndiGo’s first widebody order opens an exciting new chapter in our close partnership. We are proud that our fuel-efficient, next-generation A320 Family revolutionised domestic air travel in India, and that now the A350 is poised to replicate the same success on long-haul routes,” Benoît de Saint-Exupéry, Airbus EVP Sales, Commercial Aircraft.

ASL Aviation Holdings signs a deal for 30 aircraft autonomy systems from Reliable Robotics

Global aviation services provider ASL Aviation Holdings, and Reliable Robotics Corporation, a leader in autonomous aircraft systems, have confirmed that ASL has placed a deposit-backed order for 30 units of the Reliable autonomous flight system for the Cessna 208B Caravan. The deal secures early delivery slots and enables ASL to be a leader in the adoption of safety and efficiency enhancing automation. ASL and Reliable have been working together since 2022 to bring advanced automation and remote piloting into ASL’s operations and have a shared goal of expanding the program to include additional aircraft types in the next 12 months.

“We are constantly developing and upgrading our capabilities to match and anticipate our customers’ requirements. Automating the Caravan with Reliable’s technology will enable ASL to deliver safe and reliable air cargo transport services at a lower operating cost to our express freight, postal and e-commerce retailer customers,” said ASL Aviation Holdings Director, Hugh Flynn.

ASL Aviation Holdings is a world leader in wet-lease airline operations for major express freight, postal and e-commerce companies. The ASL group consists of eight airlines based in Europe, Asia, Africa and Australia, operating over 160 aircraft. Reliable Robotics is an original member of ASL’s CargoVision forum of next-generation companies involved in pioneering new aviation and propulsion technologies.

World View expands into Indo-Pacific with $25M investment

World View expands into Indo-Pacific with $25M investment
World View, a global leader in stratospheric exploration and flight, announces the closing of a strategic $25M investment from Breakthrough Victoria, an investment company established by the Victorian government to provide long-term capital to innovation businesses and projects that will improve people’s lives and benefit Victoria’s economy.

The strategic investment from Breakthrough Victoria will enable World View to establish a regional Indo-Pacific headquarters in Melbourne. The Indo-Pacific business will operate as World View Indo-Pacific, a wholly owned subsidiary that will allow World View to pursue new customers and access new markets while benefitting from local talent, technology and capital.

The company plans to establish an advanced manufacturing facility in Victoria, creating up to 200 high-tech, high-value jobs in engineering, manufacturing, flight services and support, mission control, data and material sciences, and analytics.

“Australia, especially Victoria, offers access to incredibly skilled talent, cutting-edge technology, promising partnerships, smart capital and significant geographic leverage to support our Indo-Pacific remote sensing and future space tourism operations, while also contributing to our established business in the United States,” said Ryan M. Hartman, World View President and CEO. “We are eager to get to work in Victoria.”

World View Indo-Pacific has established a stratospheric centre of excellence at Melbourne Connect, a leading innovation hub in partnership with The University of Melbourne. This strategic partnership will facilitate stratospheric research and development at universities and research institutions across all Australian states and territories, and eventually into the wider Indo-Pacific region. Additionally, this stratospheric centre of excellence will identify and partner with small- and medium-sized Australian enterprises to develop technology and talent in support of World View’s global supply chain, playing a key role in World View’s international growth.

Textron Aviation expanded global parts distribution facility.......

Textron Aviation today announced the grand opening of the company’s largest parts distribution facility at its headquarters in Wichita, Kansas. With the addition of 180,000 square feet of space, this state-of-the-art facility is now better equipped to serve the company’s global customer base with increased parts storage and faster shipping.

Beechcraft, Cessna and Hawker customers receive factory-direct support, maintenance and modifications by Textron Aviation Inc., a Textron Inc. company, through its global network of service and part centres, mobile service units and 24/7 1CALL AOG support.

With thousands of Cessna, Beechcraft and Hawker aircraft operating worldwide, Textron Aviation recognizes the importance of having readily available parts to keep customers flying. The facility’s larger footprint allows for increased parts inventory investment, supporting parts availability for both new and existing models. The expansion also aims to improve the overall customer experience with a new, dedicated lane for customers to conveniently drop off or pick up parts in person.

Porter starts Montréal - Edmonton service


The Canadian regional air carrier, Porter Airlines has added its second Western Canada destination from Montréal, inaugurating service between Montréal-Trudeau International Airport (YUL) and Edmonton International Airport (YEG).


The new route starts with daily roundtrip flights operated on the 132-seat Embraer E195-E2 aircraft. Passengers on this route will enjoy fast and free WiFi onboard, and a two-by-two configuration, meaning there are no middle seats on any Porter flight.

Porter offers genuine hospitality and an elevated onboard service for all passengers, including a selection of complimentary premium snacks and free beer and wine served in glassware. An expedited airport experience, ticketing flexibility, priority check-in, extra legroom seats, fresh, healthy meals and premium pre-mixed cocktails are part of the all-inclusive PorterReserve fare, and available à la carte with PorterClassic.

Montréal is also a convenient gateway to European destinations such as Rome, Amsterdam and Lisbon, thanks to Porter’s partnership with Air Transat. These connecting itineraries may be purchased as a single itinerary that includes seamless baggage transfers.

Service between Montréal and Vancouver was inaugurated in April, with Montréal-Calgary flights starting later this month. The launch of these three new western routes means that Porter will operate eight non-stop routes out of Montréal.

Porter also has existing daily flights connecting Edmonton with Toronto-Pearson and Ottawa.



.

Next Virgin Galactic flight window opens from 8th June.....

Virgin Galactic Holdings has said that ‘Galactic 07’ flight window will open on Saturday, June 8, 2024. This will be the Company’s second spaceflight this year and 12th to date.

Virgin Galactic’s spaceship will again be converted into a suborbital science lab, with VSS Unity carrying an Axiom Space affiliated researcher astronaut who will conduct multiple human-tended experiments. In addition, Purdue University and UC Berkeley will have autonomous payloads on board, supported by NASA’s Flight Opportunities program. This mission showcases Virgin Galactic’s ability to provide a flexible microgravity research platform, benefiting further space exploration initiatives as well as innovations on Earth.

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in suborbital space, and we look forward to continuing to expand our role in suborbital research going forward,” said Michael Colglazier, CEO of Virgin Galactic. “‘Galactic 07’ will also mark and celebrate VSS Unity's final commercial flight – an exciting and historic turning point for the business as we dedicate our resources fully to the production of our next-generation Delta spaceships, on track for commercial service in 2026.”

“Axiom Space’s commitment to enabling access to space and providing opportunities for scientific discovery beyond Earth aligns closely with Virgin Galactic’s mission,” said Tejpaul Bhatia, Chief Revenue Officer of Axiom Space. “We are very excited about this upcoming Galactic 07 flight; stay tuned for more on our groundbreaking research and astronaut participant as we get closer to June 8th.”

The hybrid research and private astronaut crew of ‘Galactic 07’ will include:

Palace Dubai Creek Harbour Hotel officially opens in the heart of Dubai

An ideal destination where modern elegance meets Arabian charm in perfect harmony.


Palace Dubai Creek Harbour Hotel by Emaar Hospitality Group has officially opened its doors in the centre of Dubai, presenting a blend of contemporary elegance and Arabian allure. With its premium waterside position on the Dubai Creek shoreline, the hotel boasts magnificent, unrestricted waterfront views and offers a refreshing take on the Dubai skyline. To celebrate the opening, special offers have been extended from May 1st to May 31st, 2024, including a 30% discount on the Best Available Rates and complimentary breakfast.

Nestled within Dubai Creek Harbour, an avant-garde waterfront district, Palace Dubai Creek Harbour provides guests with access to expansive parks, cultural spaces, and pedestrian-friendly streets, epitomising the zenith of modern urban planning. The hotel is conveniently located a 15-minute drive from Dubai International Airport, and it is also in close proximity to iconic landmarks such as Dubai Mall, Burj Khalifa, and downtown attractions. Connected to a major bridge, it blends convenience with serenity, perfect for travellers seeking both accessibility and peace.

The hotel’s enviable amenities include a striking rooftop infinity pool, spa services, and guest rooms with generous private balconies. Boasting 122 rooms, offering various options including suites, that are decked out with top-of-the-line furnishings and design details that evoke modern Arabian sophistication. The hotel’s interiors reflect opulent Arabesque décor, showcasing a synergy of heritage art pieces with contemporary architecture.

CDB Aviation Purchases Four Airbus Aircraft from Avolon

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., has closed the purchase of four aircraft from Avolon.

The purchased assets comprise one A330-900, two A321neo, and one A320ceo aircraft, and contain both fixed and floating rate leases with CDB Aviation’s existing and new airline customers.

“We are very pleased to have partnered with the Avolon team to carry out the acquisition of these predominantly new-gen assets on lease to some of our existing and new lessees, which allow us to further grow our strong customer base and build our modern fleet,” expressed Jie Chen, CDB Aviation’s Chief Executive Officer.

Andy Cronin, Chief Executive Officer, Avolon, commented: “We have traded over $10 billion of aircraft since our foundation in 2010, and we continue to see strong demand across all asset types. We are delighted to have completed this transaction with CDB Aviation and look forward to continuing our strong working relationship.”

“This transaction demonstrates our platform’s activity in the secondary market, which serves as an effective supplemental function that supports our fleet’s growth by adding new generation aircraft,” added Chen.




.

Aviation Capital Group promotes Rob Downes to Chief Investment Officer and John Nally to Head of Aircraft Trading


Aviation Capital Group, a premier global full-service aircraft asset manager, is pleased to announce the promotions of Rob Downes and John Nally to key leadership positions effective today.

Rob Downes, currently Head of our Aircraft Trading business, has been promoted to the newly created position of Senior Vice President and Chief Investment Officer and will join ACG’s Senior Leadership Team. In his new role, Rob will help design and implement strategic and asset investment activities to drive ACG’s continued growth and profitability.


John Nally, a member of our Trading team since 2021, has been promoted to Vice President, Head of Aircraft Trading. John will lead the company’s aircraft trading initiatives, spearheading efforts to optimize ACG’s asset portfolio and strengthen its position in the global aviation market.

“Rob and John have been key to the execution of ACG’s commercial strategy for the past several years, demonstrating sound understanding of the market, exceptional leadership, and solid execution. Their promotions reflect ACG’s commitment to developing, enabling and advancing talent within our business. We are excited for the significant positive impact they will have in their expanded roles,” said Thomas Baker, CEO and President of ACG.



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UK-based satellite communications firm Hanwha Phasor expands to the United States

Hanwha Phasor, a UK-based satellite communications business, confirmed that following a successful four years in the UK, it has opened its first office in the United States. The initial focus of the business will be on developing its market position in the US which presents a wider potential for the portfolio of user terminals.

The office, located in Virginia, will serve as the primary base for the Hanwha Phasor employees based in the US, including the Vice President Business Development Mike Young, the recently joined Business Development Director, Rick LePage, and the new Commercial Director Aviation, Scott McCobb.

Alongside the new US office, Hanwha Phasor has two office locations in the UK. These include the business’ international headquarters in London as well as the ASICs Centre of Excellence in Cambridge.

Airline passenger demand rises by 13.8% in March this year....

According to data released by The International Air Transport Association passenger air traffic rose by over 13 percent during March 2024.





•    Total demand, measured in revenue passenger kilometres (RPKs), was up 13.8% compared to March 2023. Total capacity, measured in available seat kilometres (ASK), was up 12.3% year-on-year. The March load factor was 82.0% (+1.0ppt compared to March 2023). 
•    International demand rose 18.9% compared to March 2023; capacity was up 18.8% year-on-year and the load factor improved to 81.6% (+0.1ppt on March 2023). 
•    Domestic demand rose 6.6% compared to March 2023; capacity was up 3.4% year-on-year and the load factor was 82.6% (+2.5ppt compared to March 2023). 


“Demand for travel is strong. And there is every indication that this should continue into the peak Northern Summer travel season. It is critical that we have the capacity to meet this demand and ensure a hassle-free travel experience for passengers. That means making urgent progress to resolve supply chain issues and for airports and air traffic management to be fully staffed and operating at maximum efficiency. While airlines are prepared for customer care and assistance when operational issues arise, they are fed-up of bearing the cost when delays and cancellations are the result of poor preparation in other parts of the value chain,” said Willie Walsh, IATA’s Director General.

05 May, 2024

Hawaiian Airlines Corporate Kuleana Report: Growing Sustainably


Hawaiian Airlines today published its annual Corporate Kuleana (Responsibility) Report highlighting Environmental, Social and Governance (ESG) initiatives to fly and grow more sustainably.

Hawaiian continues to work toward its goal of achieving net-zero carbon emissions by 2050 through investments in sustainable aviation fuel (SAF) and fleet modernization. Last month, the carrier inaugurated service with its first fuel-efficient Boeing 787-9 aircraft and received the second of its 12 787-9s on order.

In preparation for a new growth phase, Hawaiian in 2023 welcomed nearly 1,000 employees – for a year-end workforce of 7,362 people – while expanding career pipeline initiatives with schools and universities.

"I am immensely proud of our achievements in the past year, and the dedication of our employees to make us a better airline," Hawaiian Airlines President and CEO Peter Ingram said in the Kuleana Report's welcome message. "Their aloha for one another, our guests, and the communities we serve, inspires me each day, and it is what will build our continued success in the years ahead."

Protecting our Environment

Hawaiian, which has committed to replace 10% of petroleum-based jet fuel with SAF by 2030, last year announced it would source 50 million gallons of SAF from biofuel company Gevo, Inc., over 5 years starting in 2029. In parallel, Hawaiian is actively collaborating with Par Hawaii, the largest refinery in the state, to explore local SAF production.

Hawaiian joined the United Airlines Ventures' Sustainable Flight Fund to support startups focused on accelerating research, technology and production to help scale SAF, and recently became a member of the SAF Coalition, a nonpartisan nonprofit group advocating for SAF incentives and policies.

Hawaiian is on track to conserve three million gallons of jet fuel through operational initiatives through 2028, having saved approximately 800,000 gallons in 2023. Also last year, Hawaiian conducted an in-depth screening of its Scope 3 emissions to inform efforts to decarbonize its supply chain.

As part of its work to reduce waste and eliminate single-use plastics from in-flight service by 2029, Hawaiian's transpacific flights carried approximately 24% less single-use plastics per flights as of Dec. 2023 , compared to a 2021 baseline, as it diverted 355,000 plastic water bottles and introduced more sustainable catering products and onboard amenities.

Caring for our People and Communities

Hawaiian recruited 953 teammates across the company last year, with a focus on hiring pilots and mechanics to support new business ventures such as its cargo operations for Amazon and a new fleet of 787-9s.

More than 80% of Hawaiian's employees identify as racially or ethnically diverse, and Hawaiian believes its dedication to diversity, inclusion, and belonging continues to be an important driver of its recruiting and retention strategy and success. In 2023, Hawaiian again lead major U.S. airlines in having the highest percentage of women pilots at more than 9.7%, well above the 4.9% 2022 U.S. average.

To inspire the next generation of aviation professionals, Hawaiian continues to increase educational partnerships and workforce development programs while supporting its employees' continuing education. Hawaiʻi nonprofit ClimbHI recognized Hawaiian as its 2023 Outstanding Business award winner for its community outreach at college and high school campuses in Hawai'i and the Continental U.S.

As Hawaii's hometown carrier, each year Hawaiian supports island communities and cities across its network through its Team Kokua (Help) giving program and the volunteerism of employees. In 2023 Hawaiian's philanthropic activities included 187.2 million HawaiianMiles donated to 246 organizations, of which 35 million miles benefited its longtime partner, the Polynesia Voyaging Society, to support its " Moananuiakea: A Voyage for the Earth."

In all, more than 1,500 employees volunteered 8,548 hours, while Hawaiian contributed $1.8 million in cash and in-kind donations in the areas of culture, education, environment, and health and human services.

RTX's Pratt & Whitney Canada and Angola's TAAG Airlines sign Fleet Management™ Program agreement for PW150A engines

Pratt & Whitney Canada and TAAG Angola Airlines E.P., Angola's state-owned airline, have signed a six-year Fleet Management™ Program (FMP) agreement. The engine maintenance services cover the airline's PW150A engines which power their fleet of Dash 8-400 regional turboprops. The agreement allows Pratt & Whitney to tailor coverage to meet the airline's operating environment. Pratt & Whitney is an RTX business.


"Airlines that provide regional connectivity such as TAAG play a vital role in helping customers travel to major urban centers, often for connections to international destinations," says Irene Makris, vice president, Customer Service, Pratt & Whitney Canada. "Consequently, the dispatch reliability of regional aircraft plays a critical role in keeping the entire ecosystem operating efficiently and economically. By maintaining TAAG's PW150A engines we are helping to ensure optimal aircraft availability and engine asset management."

The agreement also includes Pratt & Whitney's proprietary oil-analysis technology and its FAST™ diagnostic and prognostic solution which captures, analyzes and wirelessly sends full-flight data intelligence to the customer within minutes of engine shutdown.

"With a roughly 75-passenger capacity, optimal fuel efficiency, and overall reliability, the PW150A-powered Dash 8-400 fits our needs," said Nelson de Oliveira, CEO, TAAG Airlines. "P&WC's FMP program is ideal for us as we can rely on the proven expertise of the engine original equipment manufacturer to ensure we gain maximum productivity and efficiency from our PW150A engines."

Fleet Management Programs are flexible, high-value maintenance planning solutions that lower operating costs and simplify fleet operations management. Tailored to suit the unique requirements of fleet operators and airlines, Pratt & Whitney's FMPs allow customers to focus on their core business and eliminate the overhead and logistical challenges of operating a maintenance facility.

The PW100/PW150 engine family powers 90 percent of 30- to 90-passenger regional turboprop aircraft operating today. These turboprop engines consume 25 to 40% less fuel and produce 50% fewer CO2 emissions than similar-sized regional jets. The engines offer airlines the best life cycle costs and help sustain an aircraft's value. In 2024, the engine family is celebrating the 40th anniversary of its entry into service.


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Avolon and Cebu Pacific partner on helping community project

Avolon and Cebu Pacific (‘CEB’) have forged a partnership to renovate a community centre in a rural village on Cebu in the Philippines. The centre is run by a local charity - the City Gates Academy - and helps to feed under-privileged children who are often orphans or have parents struggling with addiction.

Over 50 Avolon and CEB staff took part in the project to build the centre a new kitchen, dining area and outdoor play area.  The team also upgraded indoor areas, built a vegetable garden, and provided funds to cover the running costs of the centre for the next year.


This partnership marks a milestone for both organizations, with CEB becoming Avolon's first airline partner in a community development program. Both companies are leveraging their strong partnership to achieve goals beyond their day-to-day commercial activities, putting their shared approach to CSR and community engagement to work.

City Gates Academy runs centre for under-privileged children

‘Care Day’ shows companies’ shared commitment to making social impact

Senior management from both companies join teams on village project




The centre is located in the village of Lang Lang, Cebu in the rural heart of the island from which the airline takes its name. Avolon and CEB are both committed to CSR strategies with a strong social commitment that prioritises engagement with local communities. Avolon’s ‘Care Days’ are an annual company-wide activity, but this was the first time it has worked alongside one of its key customers in their country of operations.

04 May, 2024

WestJet issues ultimatum tech ops union....

WestJet issues 72-hour lockout notification to its Tech Ops union, AMFA

WestJet today has issued a 72-hour lockout notice to the Aircraft Mechanics Fraternal Association (AMFA), the union that represents WestJet Aircraft Maintenance Engineers. As a result of today's lockout notice, a work stoppage could occur as early as Tuesday, May 7, 2024, at 12 p.m. MT, unless a deal is reached.

"The decision to issue a lockout notice was not one that was made lightly, and we sincerely regret and apologize for the uncertainty this causes for our guests and the communities and regions that rely on us. Despite our unwavering commitment to reach a collective agreement, AMFA continues to show up to the bargaining table with unreasonable demands and expectations," said Diederik Pen, President of WestJet Airline and Group Chief Operating Officer. "With AMFA publicly issuing a strike vote alert last week and publicly directing guests to fly with other carriers, we can't allow the unpredictable nature and lack of progress to continue. We are left with no alternative but to issue a lockout notice in an attempt to bring this to a final resolution."

The WestJet Group has been in active labour negotiations with AMFA since September 2023. The WestJet Group has presented an offer to AMFA that would make WestJet Aircraft Maintenance Engineers the highest paid in Canada, with a cumulative wage increase of over 20 per cent across the span of the collective agreement. The offer would also deliver industry leading work-life balance standards and strong commitments to job security.

"We sincerely value the work and contributions of our Aircraft Maintenance Engineers, and our proposed agreement reflects this. We are unwaveringly committed to reaching an agreement to prevent travel disruption, however, we are equally prepared to protect the travel plans of our guests and to provide long-term stability and security for all employees at the WestJet Group," concluded Pen.

Issuing a 72-hour lockout notice does not mean travel disruption will occur. However, in the coming days, the WestJet Group will take all necessary actions to manage the impacts as much as possible, including:

  • Beginning preparations to operate a reduced schedule.
  • Proactively managing changes and cancellations, to ensure the ability to communicate with guests in advance of their flight.
  • Providing flexible change and cancel options for those who wish to make alternative arrangements.

Please visit WestJet's Guest Updates page for more information regarding flight status, travel changes and applicable dates for flexible change and cancel options.




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