Air China has ordered 12 Airbus A330-300 aircraft, valued at $2.93 billion at list prices, according to a carrier statement. The aircraft are scheduled for delivery between 2016 and 2018.
This deal, which still needs government approval, is expected to boost capacities by 5.6%.
The Beijing-based carrier is expected to report a 60%-80% net profit year-over-year increase for 2015, compared to a net income of CNY3.78 billion ($614 million) in 2014, due to capacity increases, robust market demand growth, a boost in the direct sale of air tickets, effective cost-control measures and lower fuel prices.
Independent Pakistani carrier Shaheen Air will launch European services from March 2016.
The service to Benazir Bhutto International Airport will be serviced by an Airbus A330; an aircraft which will have 326 seats. The airline is one of the fastest growing in Pakistan, and plans to also operate flights to Copenhagen, Oslo and Milan within Europe - outside of the continent they will serve Shanghai, Kuala Lumpur and Bangkok. Currently, Shaheen serves 13 international and seven domestic destinations.
Work is underway to construct Pakistan’s first Greenfield airport in Islamabad. Construction began in 2007, having acquired funding after delays. The new airport will eventually replace the current Islamabad International Airport which has become capacity constrained.
Initially, the New Benazir Bhutto International Airport will be able to handle nine million passengers, with numbers expected to rise to 15 million by 2019, and 25 million by 2024. Construction is expected to be completed by the end of the calendar year, and to be operational by January/February 2017.
Last year saw no accidental hull losses and in 2015 there was one major accident (jet hull loss) for every 3.1 million flights, 30% better than during the previous five years.
The jet hull loss rate for members of IATA, however, was 31% better, at 0.22 or one accident for every 4.5 million flights. Like the overall jet safety figure for 2015, IATA members were 31% better than the five year rate for 2010-2014.
The four accidents in 2015 that resulted in passenger fatalities, 136 in total, all involved turboprop aircraft. This compares with an average of 17.6 fatal accidents and 504 fatalities per year in the previous five-year period (2010-2014).
IAG (International Airlines Group) parent company of Aer Lingus, British Airways, Iberia and Vueling—reported a 51.5% rise in 2015 net profit to €1.52 billion ($1.66 billion), compared to €1 billion in 2014. Full-year revenue was up 13.3% at €22.8 billion compared to €20.1 billion last time.
In capacity, ASKs rose 8.2% to 272.7 billion (of which 3.2% came from the inclusion of the Aer Lingus fleet) and load factor rose 1% to 81.4%, while RASKs rose 5.4% to 7.46 euro cents. Passenger numbers were up 14.2% at 88.3 million compared to 77.3 million last time.
Fuel costs for the year before exceptional items dropped 6.3%, while non-fuel costs before exceptional items were up 4.3%.
“We’re reporting very strong full year results,” IAG CEO Willie Walsh said. “These results are in line with our recent target and have exceeded our original 2015 operating profit target of €1.5 billion that we set in 2011.
“It’s undoubtedly been a good year, but it’s also been challenging, with extreme volatility in the currency and fuel markets. The benefits we gained from lower fuel prices have been partially offset by the stronger US dollar.”
IAG completed the acquisition of Aer Lingus over the summer and Walsh—a former Aer Lingus CEO—said the Irish flag carrier had made a positive contribution of €35 million since it formally joined the group on Aug. 18, 2015.
IAG said that Iberia, which for the early years of the consortium was a notable drag on the group, had made “significant progress on its “Plan de Futuro,” improving its cost base and recovering routes previously withdrawn. The turnaround of Iberia is leading to a profitable and efficient new airline capable of growing in its strategic markets and starting to achieve positive returns for the Group, with a positive after-tax profit of €155 million.”
In 2016, IAG anticipates it will generate an absolute operating profit increase similar to that in 2015, when it leapt 68% before exceptional items. Revenue trends for 1Q 2016 “appear broadly in line with those experienced in quarter four 2015.”
IAG (International Airlines Group) has appointed Javier Sánchez-Prieto as the new chairman and CEO of Spanish low-cost carrier (LCC) Vueling. He replaces Alex Cruz, who is due to become chairman and CEO of British Airways.
Parent company to Aer Lingus, British Airways, Iberia and Vueling is IAG.
Sánchez-Prieto will move into his new post from his current role as Iberia’s CFO. In his new role he will report to IAG CEO Willie Walsh and join IAG’s management committee.
“Javier has an excellent track record at Iberia and has been instrumental in achieving the airline’s financial turnaround,” Walsh said. “I’m confident that he will continue the great progress that Vueling has made the airline has expanded profitably across Europe while remaining focused on keeping costs low. Javier will develop that strategy.”
Sánchez-Prieto joined Iberia in 2013, having previously been CFO at the Spanish flag carrier’s low-cost arm, Iberia Express since its formation in 2012.
- 400 companies,12,000 professionals & 500 investors to come to the meeting.
- 2015 Export report:The improvement of competitiveness is one of the keys to this growth.
- Steady growth of around 6% year-on-year.
- Chemical industry accounts for more than a quarter of sales, European Union receives most of the region's exports and imports account for almost 63,000 M €.
Barcelona-El Prat Airport operated 333 private flights because of the Mobile World Congress (MWC) 2016, held this week at the Fira de Barcelona. This figure represents an increase of 230% compared to a normal week in February.
Much of this aviation was operated with larger aircraft such as the Bombardier BD-700 Global Express and Gulfstream, with 13% of operations originating from US airports. The most used aircraft were the models Cessna and Dassault Falcon (49%), mainly from Europe: the UK, Switzerland, France and Germany. Domestic corporate aviation and business flights represented 9%.