egyptair news 30 apr 2016

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This is the most important daily news about civil aviation and airports .. Published by PUBLIC RELATIONS Of EGYPTAIR Holding Co.

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Page 1: EGYPTAIR News 30 apr 2016
Page 2: EGYPTAIR News 30 apr 2016

السبت

2016ابريل 30

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http://www.ainonline.com/

Airbus H225 Crashes in Norway, Killing At Least

11

An Airbus Helicopters H225 operated by CHC Helicopter Service

crashed April 29 at around noon local time off the coast of Norway,

near Turoey outside Bergen. The medium-twin helicopter was

flying from the Gullfaks B oil platform and was carrying a crew of

two, as well as 11 passengers from Statoil ASA.

Airbus Helicopters reported that 11 people have died and two are

missing. According toCHC, the aircraft's estimated time of arrival at

Flesland Airport Bergen was 12:04 p.m. and the accident took

place on approach.

Statoil has ―temporarily grounded all equivalent transport

helicopters‖ in the wake of the fatal accident. The UK's Air Accident

Investigation Branch (AAIB) has deployed a small team to assist

the Norwegian AIBN. UK oil-and-gas safety organization Step

Change in Safety said it intends to ―ensure that any learnings are

identified and applied across the sector.‖

Page 14: EGYPTAIR News 30 apr 2016

http://www.ainonline.com/

Embraer Sees African Regional Jet Fleet

Doubling in 20 Years

Africa is set to see significant growth in its regional airliner fleet,

according to the latest market outlook published by Embraer

Commercial Aviation on April 28. According to the Brazilian airframer,

over the next 20 years, the region will take delivery of 240 new jets in

the 70- to 130-seat segment. If this turns out to be correct, it will mean,

according to Embraer’s estimates, that the African fleet in this market

segment will have more than doubled from the current total of 120

regional jets by 2034.

―Africans are turning progressively to air travel,‖ said Simon Newitt,

vice president of Embraer’s Latin America and Africa and Portugal

regions at this week’s Marrakech Air Show in Morocco. ―As in Asia,

economic expansion, a growing urban middle class, continued market

liberalization and regional integration will be the main drivers of air

transport demand. With the right-sized aircraft, such as the E-Jets

family, African carriers would be able to offer a better combination of

capacity and frequency in core as well as low to mid-density markets.‖

Meanwhile, Embraer’s study revealed that, as of the end of 2015, only

eight of Africa’s 300 airports are connected to 25 or more cities, while

240 airports linked to five or cities or fewer. According to the company,

90 percent of city pairs in Africa have traffic volumes of up to 300 daily

passengers yet the current fleet is composed of large capacity aircraft

since 70 percent of the fleet has more than 130 seats.

Since approximately 55 percent of intra-regional markets in Africa do

not have direct flights and 67 percent of all nonstop markets within the

region see less than one daily frequency, Embraer maintains regional

jets would make it economically viable for carriers to improve air

transport connections. The manufacturer claims to have more than a

40 percent share of the current African fleet of jet and turboprop aircraft

with up to 130 seats—amounting to more just over 120 aircraft in

service with operators including Royal Air Maroc, Egyptair Express,

Kenya Airways and South African Airways subsidiary Airlink.

Page 15: EGYPTAIR News 30 apr 2016

http://www.avitrader.com/

MaltaAlitalia considering stake in Air

Alitalia is looking to acquire a substantial stake in Air Malta, and the two

airlines have signed a Memorandum of Understanding (MOU) which will

allow the Italian flag carrier to carry out comprehensive due diligence on

the Valetta-based airline. Once due diligence has been completed, the

two airline boards will convene to decide whether or not to proceed with

the share purchase.

Currently both airlines are running at a financial loss, while there have

been several rumours over the past few months that Etihad, the Dubai-

based airline, has been showing an interest in Air Malta. As Etihad also

owns a 49% share of Alitalia, this would appeal to the Maltese airline as

becoming involved with such a strategic partner would afford them the

economies of scale that are almost a prerequisite for survival in today’s

commercial airline world.

According to Alitalia SEO, Cramer Ball, ―There are strong cultural and

commercial bonds between Italy and Malta, and this MOU is a first and

important step, but we will only make a decision once we have

completed an exhaustive examination of a possible deal.

―We will need to establish unequivocally that a deal with Air Malta will not

undermine the progress of our three-year turnaround programme, or

prejudice our financial position. Until then, it’s business as usual.

―We are on track to become a profitable entity by 2017 and we need to

look and plan for the future, which is why we have decided to look

closely to see whether Air Malta can fit into our strategic growth,

particularly how our networks can complement each other in areas such

as southern Italy.‖

He also added that ―The future of the commercial aviation industry has to

be one of consolidation, and for us to prosper we must examine

opportunities where we believe we can offer a wider reach for our

customers.‖

With regard to the MOU, Malta’s minister for tourism, Zammit Lewis said

it ―is one step of the process and there is still a long way to go,‖ while

confirming that the signing of the MOU means they will withhold from

talking to any other airlines.

Page 16: EGYPTAIR News 30 apr 2016

http://www.avitrader.com/

Embraer releases first quarter 2016 results

in the first quarter of 2016, Embraer delivered 21 commercial and

23 executive (12 light and 11 large) jets, representing an increase

of 38% in total deliveries compared to the first quarter 2015. The

Company’s firm order backlog ended the quarter at US$21.9bn,

compared to US$20.4bn at the end of the first quarter 2015 and

US$22.5bn in backlog at the end of 2015. As a result of higher

aircraft deliveries in both the Commercial Aviation and Executive

Jets segments, the first quarter 2016 revenues were

US$1,309.0m, an increase of 24% compared to the first quarter

2015. EBIT and EBITDA margins were 6.5% and 12.8%,

respectively, in the first quarter 2016 compared to 7.5% and 14.1%

the first quarter 2015), and EBIT and EBITDA for the quarter were

US$85.7m and US$167.6m, respectively (versus US$79.6m and

US$149.1m in first quarter 2015). First quarter 2016 net income

attributable to Embraer Shareholders and Earnings per basic ADS

totaled US$103.9m and US$0.5690, respectively. Adjusted net

loss, which excludes non-cash deferred income taxes and social

contribution largely related to the impact of foreign exchange

variation on non-monetary assets, was a loss of US$(1.7)m in the

first quarter 2016. Embraer ended the first quarter with a total cash

position of US$3,443.3m and total debt of US$3,663.2m, yielding a

net debt position of US$219.9m in the quarter.

Page 17: EGYPTAIR News 30 apr 2016

https://www.flightglobal.com

IAG confident on full year after strong first

quarter

British Airways and Iberia parent IAG is expecting to increase

operating profits by a level similar to last year, despite adjusting

short-term capacity growth.

IAG says it has experienced ―some softness‖ in underlying

premium demand and revenue trends have also been affected in

the wake of the attack on Brussels airport in March.

The company achieved a first-quarter operating profit of €155

million ($177 million) before exceptional items, compared with a

€25 million profit in 2015.

This would have increased to €181 million excluding Aer Lingus,

which became part of IAG in August last year.

Chief executive Willie Walsh describes the figures as a ―good

performance‖ in the traditionally weakest quarter of the year.

Passenger unit revenues – during a period which included the

early Easter holiday as well as the Brussels events – were down

by 3.5% while non-fuel unit costs increased by 1.3%.

But IAG says underlying non-fuel unit costs have continued to

improve across its companies and it expects to reduce this figure

for the year by about 1%.

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