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LATEST NEWS
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Tuesday, November 1st, 2022
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Kuwaiti carrier Jazeera Airways has posted a net profit of US$67.05 million for the first nine months of 2022, primarily as a consequence of a 410% increase in passenger numbers compared to the same period in 2021. Total revenue for the period was US$454.65 million, up 197.9% year-on-year, while operating profit stood at US$8.06 million.
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The airline carrying a record number of 1.1 million passengers in the third quarter, bringing the total number in the nine months period to 2.6 million. Load factors reached an average of 80.1% in the third quarter and 76.4% for the nine months period - a 15.7% year-on-year increase.
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Flight movements at Kuwait International Airport reached a total of 20,161 during the period which made Jazeera Airways the largest carrier operating at the airport. During the first nine months of 2019, which was the last full comparable period before the start of the COVID-19 pandemic, Jazeera Airways carried 0.703 million passengers and reported a net profit of US$3.07 million.
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A summary of the third-quarter results is as follows: revenue: US$19.63 million, up 99.25% from 3Q 2021, operating profit: US$5.01 million, up 25.7% from 3Q 2021, net profit: US$4.16 million, up 14% from 3Q 2021, passengers: 1.1 million, up 256.8% from 3Q 2021 and load factor: 80.1%, up 14.4% from 3Q 2021. Additionally, Jazeera continues to move forward with its expansion plans with the delivery of two A320neo aircraft in Q3 as part of its order for 20 A320neos and eight A321neos. (£1.00 = US$1.15 at time of publication).
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AirAsia X (AAX) has announced key changes in the senior management team as it prepares for the next phase of growth as a mid-range airline. Tony Fernandes, who was recently appointed as the Acting Group CEO in addition to his position as a Non-Independent Non-Executive Director of AAX in July this year, will be stepping down from his senior leadership positions with AAX, ensuring a smooth transition in leadership.
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Tunku Dato’ Mahmood Fawzy will be appointed as the Independent Non-Executive Director of Thai AirAsia X (TAAX), both effective as of October 31.
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Following the announcement, Tunku Dato’ Mahmood Fawzy will focus on overseeing the strategic direction and driving sustainable growth for the medium-haul airline Group - AAX and TAAX.
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Textron Aviation has broken ground on its 180,000 ft² expansion to its parts distribution facility. As announced during NBAA-BACE, the project will allow the company to better support customers who own and operate Cessna, Beechcraft and Hawker products.
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This expansion will provide additional space for warehouse storage, customer support analysts and offices. The expansion will also enable Textron Aviation to make it easier for customers to conduct business with the company, including a dedicated lane for customers to drop-off or pick-up parts in person and opportunities for consolidated shipments. The expanded operations will also provide expedited support to the company’s own Wichita Service Centre.
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“As we continue to invest in our product line-up, it is important that we also invest in our aftermarket business,” said Ron Draper, President and CEO. “We remain dedicated to our customers beyond their delivery, we support them throughout the life of their aircraft.”
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American Airlines and Spartan College of Aeronautics and Technology have announced a new partnership to expand the American Airlines Cadet Academy for aspiring pilots. Spartan, based in Tulsa, Oklahoma, is the Cadet Academy’s first collegiate partner offering an Associate of Applied Science degree in Aviation Flight and increases its training network to five locations.
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“The American Airlines Cadet Academy is designed to address all of the obstacles associated with a traditional flight training path,” said Christina Flores, Managing Director of Aviation Recruiting and Programmes at American Airlines. “We are thrilled to offer a new pathway which includes building flight time while working towards a college degree with the support of mentorship and financial aid.”
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Through this new partnership with Spartan College, American Airlines cadets have an opportunity to earn their FAA certificates and ratings, as well as their Associate of Applied Science degree. The Aviation Flight programme at Spartan College can be completed in as few as 17 months with reduced ATP hours, housing options and financial aid for those who qualify. Certified flight instructors may also continue their education to earn a Bachelor of Science in Technology Management degree from Spartan.
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Since its launch in 2018, nearly 700 cadets have entered the Cadet Academy, and more than 100 have already graduated with the programme.
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The American Airlines Cadet Academy has a unique financial partnership dedicated to supporting cadets entering the programme. The goal is to eliminate the financial barriers prospective pilots face and support the growth of the pilot population while creating greater diversity among future and current pilot ranks.
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Emirates today began its two-year retrofit programme with work starting on the first of 120 aircraft earmarked for a full cabin interior upgrade and the installation of the airline’s latest Premium-Economy seats.
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After completing flight EK928 from Cairo to Dubai on Monday, November 1, A6-EVM was steered to Hanger-E at the Emirates Engineering Centre where a team of specialised engineers began prepping the aircraft for its makeover.
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In addition to recruiting 190 additional staff for the project, Emirates is also engaged with 62 key partners and suppliers who have hired hundreds more skilled hands for the retrofit programme.
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After months of meticulous planning and months of detailed test runs on an actual A380 aircraft, engineers took stock and requested 2,200 part numbers. In turn, Emirates’ procurement team went into overdrive and raised 12,600 purchase orders for the initial phase of the programme. At the Emirates Engineering Centre, purpose-built workshops have been set up and stocked with parts and equipment for the project.
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For the next 16 days teams of engineers and technicians will take apart the entire cabin interior of the A380 and put it back together again in a carefully planned and tested sequence.
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Taiwanese carrier STARLUX Airlines (STARLUX) has taken delivery of its first A350, becoming the latest operator of the world’s newest wide-body aircraft. The aircraft, powered by Rolls-Royce Trent XWB-84 engines, is the first of 18 A350-900s set to join the carrier and will fly alongside the A330neo and A321neo at the airline in an all-Airbus fleet.
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STARLUX has specified a luxurious four-class layout for its A350s, featuring four suites in First Class, 26 seats in Business Class, 36 in Premium Economy and 240 in Economy. The airspace cabin onboard the A350 features the latest developments in cabin configuration resulting in extra space to offer more comfort and personal room in every class.
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In addition, the aircraft features the latest in-flight entertainment systems and full connectivity. STARLUX will benefit from the highest levels of operational efficiency offered by the A350, with a reduction of fuel consumption and carbon emissions of 25% compared with older generation aircraft in the same size category.
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Sabre Corporation and BCD Travel have announced a long-term, multi-faceted strategic partnership that is expected to drive meaningful growth and advancement for both companies and across the travel ecosystem.
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Under the newly expanded and long-term technology agreement, BCD Travel expects to increase its booking levels with Sabre. Additionally, the two companies will jointly invest and collaborate on new and advanced solutions that will help accelerate the technology-driven evolution underway across the corporate travel ecosystem.
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“BCD Travel is a long-time, valued Sabre partner. Over the years, we’ve tackled industry challenges, innovated and grown together. Today, we take another important step in our partnership as we mutually commit to advancing the future of the travel,” said Kurt Ekert, president of Sabre. “This agreement demonstrates our continuing commitment to helping BCD achieve its objectives to differentiate its offerings, improve operational efficiency and grow. Whether that takes the form of providing solutions, or enabling solutions, we will continue to build and sustain the value-added relationship we’ve enjoyed with BCD for so many years.”
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The partnership will see the two industry leaders focus on creative solutions for managing growing complexities and evolving customer expectations as well as transforming the impacts of technology and marketplace dynamics into opportunities. Sabre will continue to utilize its technical expertise, innovative energies and corporate stability to help enable BCD’s success globally.
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