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LATEST NEWS
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Friday, January 27th, 2023
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European planemaker Airbus has announced that it is stepping up its quest for new talent and in the next year will be taking on approximately 13,000 new employees across the globe.
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Roughly 7,000 of these employees will be for newly created posts and will be responsible for supporting the industrial ramp-up as well as the company’s ambitious decarbonisation roadmap and preparing the future of aviation.
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“In 2022 we welcomed more than 13,000 new employees within Team Airbus around the world, in a complex environment which tested our resilience and attractiveness as a global employer." said Thierry Baril, Chief Human Resources & Workplace Officer of Airbus. "Following the success of our recruitment last year, we will hire over 13,000 employees again in 2023. We call on talented individuals from all over the world to join us in our journey to make sustainable aerospace a reality and to help us build a better, more diverse and inclusive workplace for all our employees.”
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Recruitment will be targeting technical and manufacturing skills, as well as acquisition of new skills supporting the company's long-term vision in areas such as new energies, cyber and digital. The approximate breakdown of the 13,000 positions will be 9,000 in Europe and the remaining 4,000 worldwide, with a third of the total recruitment being allocated to recent graduates. Airbus currently employs more than 130,000 people across its businesses worldwide.
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IBA, a leading aviation market intelligence and consultancy company, has published its monthly Aviation Industry Barometer for December 2022, showing that global passenger capacity reached 82% of pre-pandemic levels.
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Data from IBA’s Insight platform reveals that the Asia Pacific region continues to lag behind global capacity, whereas most regions are now within 90-100% of pre-pandemic levels.
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Using data from IBA Insight, the Aviation Industry Barometer for December 2022 reveals that overall, there were approximately 2.33 million commercial passenger flights in December 2022, compared to 2.20 million in November 2022, while 2.13 million flights were recorded in December 2021.
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Asia Pacific flight capacity stood at 62% of 2019 levels during December 2022. IBA believes that the removal of China’s zero-COVID policy restrictions should spur the APAC region’s capacity recovery during the first quarter of 2023 and allow global capacity to reach pre-pandemic levels sooner than previously anticipated.
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Monthly global passenger capacity reached 82% of pre-pandemic available seat kilometres (ASKs) in December 2022 - an improvement of 13% compared to January 2022.
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There were 217 commercial aircraft deliveries in December 2022, representing a month-on-month increase of 71% compared to November 2022 and a year-on-year gain of 43% compared to December 2021.
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Leonardo and Safran Helicopter Engines have joined forces to further enhance the capabilities and competitiveness of the next-generation AW09 single-engine helicopter. The production aircraft will feature the 1,000 shp class of power Arriel 2K engine, the newest generation of the Arriel family.
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The selection of the new engine guarantee the most efficient level of industrialisation, global supply and supportability for customers. The combined Leonardo and Safran Helicopter Engines support network will provide innovative, simplified and competitive maintenance solutions and cost of operations, sustained by tailored PBH (power-by-the-hour) and SBH® (support-by-the-hour) contracts as well as a large range of digital services.
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Leonardo and Safran Helicopter Engines boast a longstanding and now further expanding partnership spanning from propulsion systems for light-twins up to super-medium-class helicopters. The two companies also share now the highest level of interest and commitment for the single-engine commercial market and its future evolution.
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Alaska Air Group (Alaska) has posted financial results for the fourth quarter and full year ended December 31, 2022. Alaska reported net income for the fourth quarter and full year 2022 under Generally Accepted Accounting Principles (GAAP) of US$22 million and US$58 million respectively. These results compare to net income for the fourth quarter and full-year 2021 of US$18 million and US$478 million respectively.
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The company reported net income, excluding special items and mark-to-market fuel hedge accounting adjustments, of US$118 million and US$556 million respectively. These results compare to net income for the fourth quarter and net loss for the full year 2021, excluding special items and mark-to-market fuel hedge accounting adjustments, of US$31 million and US$256 million respectively.
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Alaska recorded US$257 million of incentive pay in 2022 earned by employees for meeting or exceeding profitability, safety and emissions targets. The pay-out is the richest in the 20-year history of the plan, representing nearly six weeks of pay for most employees.
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The company recorded US$2.5 billion in operating revenue for the fourth quarter, resulting in US$9.6 billion in operating revenue for the full year 2022, the highest annual total in company history.
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Alaska received nearly US$1.5 billion in annual cash remuneration under the renewed co-brand credit card arrangement with Bank of America. (£1.00 = US$1.23 at time of publication)
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Air France-KLM’s fleet renewal continues in an ongoing effort to improve the Group’s economic and environmental performance.
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In this context, the Group announced that the Air France-KLM Board of Directors has approved a firm order for four Airbus A350F full-freighter aircraft, to be operated by Martinair on behalf of KLM Cargo. These Airbus A350Fs will replace the fleet of four Boeing 747Fs currently operated by KLM Cargo and Martinair. The aircraft will be based at Amsterdam Schiphol Airport. In December 2021, Air France-KLM placed an order for four Airbus A350F full-freighter aircraft for Air France. Deliveries to Martinair and Air France are expected as of the second half of 2026, meaning both airlines will be among the launch operators of the A350F full-freighter.
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Benefiting from the latest technological innovations and powered by Rolls-Royce Trent XWB-97 engines, the Airbus A350F delivers significantly improved environmental performance with an over 40% reduction in CO2 emissions compared to the Boeing 747F. Its noise footprint is also 50% lower.
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Furthermore, a firm order for three additional Airbus A350-900 passenger aircraft for Air France has been placed, bringing the total number of A350-900s expected by Air France to 41. These Airbus A350s will replace previous-generation aircraft and will be based at Paris-Charles de Gaulle Airport. They will feature a three-class configuration (Business-, Premium-Economy- and Economy-class). Deliveries are expected in 2024.
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Air Canada has appointed Jon Turner, currently Vice President Inflight Services, as Vice President Cargo effective February 18, 2023.
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An accomplished airline executive with expertise in global strategy, operations and customer service, Turner has held a wide range of progressively critical, senior leadership roles at Air Canada and other Canadian airlines. These have included Vice President, Maintenance and Engineering, with responsibility for all aspects of Air Canada’s aircraft acquisition, fleet management, global aircraft maintenance programmes and airworthiness. He also served as President and Chief Executive Officer at Sky Regional, a Canadian airline that operated flights under the Air Canada Express brand and prior to this as Executive Vice President at Air Transat.
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Turner became President, Rouge Operations in June 2019, with oversight for all aspects of leisure carrier Air Canada Rouge and its distinct brand and culture. He subsequently assumed leadership of Air Canada’s Inflight Service branch of more than 9,000 inflight brand ambassadors.
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With three dedicated Boeing 767 freighters now in the fleet and seven more on the way, plus two Boeing 777 freighters due for delivery in 2024, Turner will have oversight for leading the strategic direction of Air Canada Cargo’s global business as well as operationalising commercial cargo opportunities to sustainably optimise Air Canada’s long-term business objectives.
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AAR CORP. a leading provider of aviation services to commercial and government operators, MROs, and OEMs, hosted Illinois Governor JB Pritzker, leaders from Rock Valley College and local officials and partners at its Rockford, Illinois, MRO facility on January 26.
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Governor Pritzker announced a US$2.6 million investment by the State of Illinois to support and expand workforce training, pipeline development and apprenticeships at AAR's Rockford MRO facility at the Rockford International Airport (RFD). This announcement builds upon the State’s FY22 investment that helped bolster AAR’s comprehensive workforce strategy that led to an increase in AAR’s aviation mechanics in Rockford from 85 in 2019 to more than 350 in 2023.
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The State’s US$5.2 million cumulative investment in FY22 and FY23 strengthens the aviation mechanic pipeline to meet growing demand. Through AAR’s comprehensive workforce strategy, the State’s funding supports apprenticeship opportunities, employee advancement training, hiring of training personnel and bolsters partnerships with Rock Valley College (RVC) and high schools throughout Northern Illinois. These efforts improve the pipeline of qualified aviation mechanics.
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Copa Airlines, a subsidiary of Copa Holdings and a member of the global Star Alliance airline network, has announced the launch of its new service from its Hub of the Americas® in Panama City, Panama to Baltimore, Maryland, United States starting on June 28, 2023. With this new flight, Copa strengthens its leadership in the Americas, while also contributing to the development of the city’s economic and tourism activities.
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The launch of the new route to Baltimore, the historic “Charm City” known for having more public statues and monuments per capita than any other city in the U.S., adds to Copa’s continuous expansion of its network of routes in North America. The coastal destination joins 13 others already in operation by the Airline in the United States including Atlanta, Boston, Chicago, Denver, Fort Lauderdale, Las Vegas, Los Angeles, Miami, New York, Orlando, Tampa, San Francisco, and Washington.
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In addition to Baltimore, Copa Airlines will launch a new route in South America starting June 27, connecting the Hub of the Americas® in Panama to the city of Manta, Ecuador.
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American Airlines Group (American) has released its fourth-quarter and full-year 2022 financial results. The company reported fourth-quarter and full-year net income of US$803 million and US$127 million respectively. Excluding net special items, fourth-quarter and full-year net income was US$827 million and US$328 million respectively.
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American recorded fourth-quarter revenue of US$13.2 billion, which represents a 16.6% increase over the same period in 2019, despite flying 6.1% less capacity and ended the year with US$12 billion of total available liquidity, after prepaying a US$1.2 billion term loan during the fourth quarter. The company continues to execute on its plan to pay down US$15 billion of total debt by the end of 2025.
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Based on demand trends and the current fuel price forecast and excluding the impact of special items, the company expects its first-quarter 2023 adjusted earnings per diluted share to be approximately breakeven. Based on today’s guidance, American expects its full-year 2023 adjusted earnings per diluted share to be between US$2.50 and US$3.50. (£1.00 = US$1.23 at time of publication)
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