Per David Uchiyama, Island Air CEO, the airline on Oct 12th was served them with notices of termination of the leases and demands to surrender its airplanes. They did not declare BK till 16th. While Island Air can stop the clock, it would be highly unusual for a court to force a lessor to continue d...Jump to post
According to today's Star-Advertiser , that's exactly the case (and the lessor had people in HNL to repossess the Q400s): Island Air was $4.4 million behind on lease payments to Dublin, Ireland-based Elix Assets 8 Ltd., owner of the three planes, when two Elix representatives showed up in Hawaii t...Jump to post
Of course, there is a market to LAX. TG served the market for 20-years with good loads, but as CEO stated they never profited.
The issue has always been about the client type, and quality of the revenue onboard, not demand.
Keep in mind airlines often enter into exclusive procurement agreements including ones with a branding component. For instance in the US, AA has an agreement with Coca-Cola to uplift Dasani water and another agreement with Danone Group to use Evian water on select premium cabin flights. There is an ...Jump to post
My high-level call summary - o Oscar honest and admitted United has a self-inflicted wound and needs to dig out somehow o Kirby vision is this requires growth and earning more market share. Analysts not very receptive. o Analyst wondering where the Oscar's previously promised billion in revenue enha...Jump to post
Not pretty.... United Continental drops most in 8 years after outlook disappoints https://www.ft.com/content/e7ef1623-64ff-3f96-9b9c-f008f62ceee4? United Continental shares fell 12 per cent on Thursday as the carrier failed to persuade Wall Street that it can combat rising costs and hold its own in ...Jump to post
I suspect in longer term a 3rd player be it LSG or Gate Group will also set up at the 3rd airport. While leaving Do&Co at TKs main hub might be sad, unless is they dissolve the entire relationship Do&Co would still have the opportunity to service TK at multiple other stations including at SA...Jump to post
Problem is that not that headline earnings are trailing 2016, but critical supporting numbers like RASM and CASM are both moving in the wrong direction as well. The market is seeing this with JP Morgan, Raymond James and Buckingham all downgrading UAL in the last 30-days, while peers DL has been rec...Jump to post
TG vice president of alliances and commercial strategy Krittaphon Chantalitanon says the carrier plans to return to the U.S. market once US FAA raises the countries safety rating. He says "part of the carriers strategic plan is to have the aircraft that would be able to fly nonstop from Thailan...Jump to post
UA's pre-tax operating income dropped from $1.6Bil in 2016 tp $1Bil in 2017. There is much more at play than estimated $185 million weather effect. Overall UA cost rose, and its yields dropped. Its being squeezed at both ends, which means it op margin went from 16.8% in '16 to 11.1 in '17. Not good.Jump to post
o UAL reported third-quarter net income of $637 million, diluted earnings per share of $2.12, pre-tax earnings of approximately $1.0 billion and pre-tax margin of 9.9 percent. o Excluding special charges, UAL reported third-quarter net income of $669 million, diluted earnings per share of $2.22, pre...Jump to post
When it comes to service delivery, there is almost zero discipline, training, or accountability with the US majors compared to their international peers. Very little time is spent on with initial and ongoing actual service training be it with things like of how to pour wines, cook and plate foods on...Jump to post
2 of 3 hold out banks close to agreeing on deal to convert some of their Sh5 billion loan (USD $48m) debt into shares of the company. All in all carrier has Sh18 billion in short term debt its trying to restructure and is offering lenders a 28 percent stake in the airline through a holding firm call...Jump to post
Personal letter published from Bellew as to why he's leaving MAS.
Bellew explains why he is leaving Malaysia Airlines to return to Ryanair
http://www.thestar.com.my/business/busi ... o-ryanair/
SAA expect to face cash crisis again at the end of the month as when the repayment of loans of R5bn is due. The Treasury has already bailed out SAA twice since June: first to repay a Standard & Chartered loan of R2.2bn and then to repay a Citibank loan of R1.76bn. New, R5bn debt crisis looms for...Jump to post
I'm not sure why they feel that they need to screw the largest operator out of slots. In reality, SWA is gaining permanent departure authorizations at SNA, and will benefit in the long term. The 2015 slot reallocation process will convert most of SWAs supplemental slot into permanent slots not subj...Jump to post
Air service to smaller communities without the benefit of direct tie-in to a major carrier is a very hard thing to support even with a direct community financial subsidy.
Also in IYK case, the public has viable options of driving to BFL or LA basin airports to access the world.
Its a matter of money. If Do&Co cant fund new kitchen at the airport, then others will. Singapore based SATS at its July investor event made mention of how it seeks to build out its 35 airport network with a special focus on Middle East, UK and China. They recently entered into deals in Oman and...Jump to post
DL COO hopes to have decision around the new year - evaluating A320neo or 737MAX family order
https://www.flightglobal.com/news/artic ... er-442249/
Following news of Airbus participation and pending government tariff on the planes, Delta COO Gil West said the delivery schedule of the plane was still “something of a question mark.” Delta says Bombardier CSeries delivery schedule unclear http://www.reuters.com/article/us-bombardier-airbus-cseries...Jump to post
Media picked up news of more WN cuts at the airport.
Southwest Could See More JWA Cuts
http://www.ocbj.com/news/2017/oct/16/so ... -jwa-cuts/
Besides LH Group, 6 other bids received for AZ. EasyJet confirmed as one. Administrators plan to review them through April. http://www.travelweekly.co.uk/articles/289920/easyjet-and-lufthansa-make-alitalia-bids http://abcnews.go.com/International/wireStory/report-lufthansa-preparing-alitalia-bid-ste...Jump to post
Lufthansa says its only submitted "a concept for establishing a re-structured Alitalia", and not opted to make an offer for the complete existing AZ as some media reporting. Press release: https://newsroom.lufthansagroup.com/english/press-releases/all/lufthansa-group-submits-a-concept-for-...Jump to post
$450,000 SCASD grant money down the tube... Boutique came in after 4-year air-service absence following Skywest(UAX) pull out in 2013. The Indian Wells Valley Airport District board of directors voted Thursday to terminate its contract with Boutique Air following a 60-day notice, the small air servi...Jump to post
Police issued an arrest warrant for the chief of Korea's top airline Monday for his alleged misappropriation of company funds. Cho Yang-ho, CEO of Korean Air Lines and chairman of Hanjin Group, is under investigation over suspicion that he siphoned off 3 billion won ($2.65 million) from company coff...Jump to post
My comments were about what was happening 15-years ago. CASGC has since evolved quite a bit and now orders are places via CAS (China Aviation Supplies) who offers a much broader aircraft trading, sale-leaseback, assets management services along with material, logistics and engineering services procu...Jump to post
Nothing different that stories back during spring they were trying to sell to the Chinese, after Airbus previously had passed on them.
Comac in talks to acquire Bombardier aviation business stake
Also, why does the Chinese government force airlines to operate certain aircraft? It seems like Air China and China Southern are forced to operate certain aircraft, yet nothing seems to be forced on China Eastern. In actuality, airlines compete for the right to operate the aircraft. For example, fo...Jump to post
As typical with Chinese orders, a government enterprise (CASGC) acquires aircraft and then assigns them to airlines. Orginal plan in 2004 was for the A380 to go to Air China in 2007 in time for the 2008 Beijing Olympics, but of course the Airbus production problems killed that plan, so order was rea...Jump to post
Per the DHMI (State Airport Authority) GM, Ataturk will in short term serve as a general aviation, cargo, flight training and MRO location. https://www.dailysabah.com/business/2017/02/13/ataturk-airport-to-serve-for-repairs-cargo-after-istanbuls-3rd-airport-opens TK Technic and Onur Air Technics for...Jump to post
My historical thought process for FEDEX was a company attached at the hip to Douglas Corporations DC-10. My how times have changed. The quick build up of the 757 fleet to 100+ planes is stunning, as is how the 767 and 777 will be operated in massive numbers. I assume over time additional 777s will ...Jump to post
What is less alarming to me is that some of TK's A330s may not have fuel-dumping systems, but rather that A330s are allowed to be sold without fuel-dumping systems at all! Is it possible that the fuel-dumping system was somehow inoperative, rather than not being present at all? Why is it alarming? ...Jump to post
Reports from within Turkey's defence secretariat suggest that the TRJ program based on Dornier 328 might have been canceled due to being "too costly." Reports suggest plans enter the commercial aircraft manufacturing industry continue, but would do so by looking at other models and differe...Jump to post
Italy supplies additional EUR 300mil bridge loan to fund the airline. Offer deadline extended till April 30, 2018. http://www.ansa.it/english/news/politics/2017/10/13/alitalia-to-get-300-mn-more-3_afe401a1-38ea-46e5-8ac8-bf511ad904ed.html https://www.nytimes.com/reuters/2017/10/13/business/13reuters...Jump to post
Why did JetBlue even end up on Long Beach to start with? Certainly back in 2001 it could have commenced service at LAX as its Los Angeles home, and over time expanded this presence. I think it was very much the LCC concept of seeking out secondary cities. For example B6 first two cities on the West...Jump to post
After a half year delay, the DOT is back soliciting grant applications for its Small Community Air Development (SCASD) program. SCASD is meant to help communities enhance air transportation by providing temporary financial support. Grants can be utilized to attract new air-service by establishing re...Jump to post
I suspect MAS financial performance is still lagging plan (CEO says FY17 will also be loss-making) which likely makes dumping entire carrier on the stock market less appealing to its current owner Khazanah Nasional to recoup its investment. Direct equity investment by another airline could reduce th...Jump to post
In addition to Silk Way order pair of additional 747-8F, its sister company AZAL reportedly will place order for 4 additional 787s before end of the year. Azerbaijan to purchase six more Boeing aircraft by end of 2017 https://www.azernews.az/business/120266.html = Boeing and 787 seems to be on quite...Jump to post
It was announced on Sept 24th. We had a thread posted already.
Hong Kong Airlines plans to commence SFO in March 2018
Again this is really a non story. Sometimes these investments go bad - such as Boeing $50mil unsecured stock purchase in American Trans Air(ATA), which was wiped out, while other times they go great such as $400mil trust fund plus $185mil direct loan for Delta in 2004. According to Crains Chicago 20...Jump to post
Where have you guys been? Manufacturer loans, financing, and equity participation into airlines, particularly distressed ones is quite common. In US alone manufacturers like Airbus, Boeing, Bombardier and Embraer have participated easily in dozen plus such deals. I dont think there has been a single...Jump to post