New York (AirGuideBusiness - Company Watch) Feb 19, 2012
AirBerlin flight makes satellite-based landing. AirBerlin on Thursday completed its first successful satellite-based landing at Bremen Airport, following the accreditation of Ground Based Augmentation System (GBAS) as a primary landing system. According to AB, the new satellite-based landing system is much more precise than the instrument-based landing system (ILS) formerly used. GBAS landings reduce noise pollution on the ground because approach angles can be varied. It will eventually be possible to use the system in mountainous areas. The German Air Traffic Control Authority (DFS) has been working closely with AB on the development of the new system since 2008. In November 2009, AB was the first airline worldwide to receive approval for its Boeing 737NG fleet to use GBAS on landings up to a visual range of only 550 m. Feb 13, 2012
Airbus says Asia/Pacific leads demand for new aircraft . The number of passengers carried by airlines in the Asia/Pacific region will grow by 5.9% annually over the next 20 years, well above the global average of 4.8%, according to the latest market forecast by Airbus. The amount of cargo carried in the region is expected to post a 5.5% annual growth, compared to a global increase of around 5.1%. Speaking in Singapore, Airbus COO-customers John Leahy said the Asia/Pacific travel market would overtake the European and North American markets. OIn 2030, the regionOs airlines will fly one-third of global RPKs, while the share of North American carriers will drop to 20% and the share of EuropeOs airlines to 23%.O The rapid growth translates to an anticipated need of around 9,370 new aircraft over the next 20 years, according to the Airbus forecast. Valued at $1.3 trillion, deliveries will account for 34% of all new aircraft with more than 100 seats entering service worldwide over the forecast period. Around 3,650 of the newly acquired aircraft will be widebodiesNor 42% of all widebody deliveries worldwideNof which some 730 will be very large aircraft, according to Airbus. The European manufacturer sees demand for single-aisle aircraft in the region accelerating in the coming years, largely driven by the significant incremental growth in the low-cost sector. In the cargo sector, the region will continue to dominate the global market. According to the new forecast, the dedicated freighter fleet operated by Asia/Pacific airlines will grow from 300 today to some 820 in 2030, representing 30% of the global freighter fleet. While many of the aircraft will be converted from passenger models, Airbus predicts that around 210 new production freighters will be delivered to the region over the next two decades. Asia/Pacific airlines have 1,700 aircraft on order with Airbus. This represents 38% of the company's total backlog. The Airbus forecast for the regionOs airlines is slightly less ambitious than BoeingOs, which predicts a 7% annual growth in passenger numbers and the need for 11,450 additional aircraft valued at $1.5 trillion by 2030. Feb 17, 2012
Alafco Orders 35 More A320neo Jets. Airbus said on Tuesday that Kuwaiti aircraft lessor ALAFCO had ordered an additional 35 A320neo aircraft, bringing its total orders for the plane to 85. The firm contract from ALAFCO is the latest in a series of orders for the hot-selling single-aisle plane and comes as rival Boeing signed its largest-ever order with Indonesia's Lion Air for its competing plane. Feb 14, 2012
American to add extra Heathrow-Dallas flight. American Airlines will introduce a fourth daily service between Heathrow and its largest hub at Dallas Fort Worth airport from June 14. The new frequency will operate six times-weekly (no Thursday service), departing Heathrow at 10.30 and arriving into Dallas at 14.40, with the return leg leaving the US city at 17.15 and landing back into London at 08.30 the following day. The flight will be operated by a Boeing 767-300 aircraft configured for 28 business class and 190 economy seats, and means Oneworld will serve the London-Dallas route a total of five times-daily, with BA also operating a daily flight between the two cities. The transatlantic joint business agreement between AA and BA also allows for connecting travel between the two carriers at both Dallas Fort Worth and London Heathrow. No other carriers currently offer a direct, non-stop service between London and Dallas [ETH] US Airways operates flights via Philadelphia. Feb 15, 2012
Atlas Air Worldwide Reports 2011 Earnings. Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW - News), a leading global provider of outsourced aircraft and aviation operating services, today announced adjusted net income attributable to common stockholders of $39.7 million, or $1.50 per diluted share, for the fourth quarter of 2011, and $108.8 million, or $4.12 per diluted share, for the full year. Adjusted results for both periods exclude pre-operating expenses for the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays; a special charge related to the retirement of the companyOs 747-200 fleet; and gains and losses on the disposal of assets. On a reported basis, fourth-quarter net income attributable to common stockholders totaled $33.5 million, or $1.27 per diluted share. Full-year reported net income attributable to common stockholders totaled $96.1 million, or $3.64 per diluted share. O2011 was a year of expanding our business platform and investing for the future,O said President and Chief Executive Officer William J. Flynn. OWe performed well by historical standards, but global economic conditions, delivery delays for our new 747-8 freighters, delays in the ramp-up of CMI service for Boeing, and the impact of pre-operating costs for new initiatives all contributed to lower-than-anticipated earnings. OWe made significant progress on several strategic business initiatives during 2011 that we expect will drive earnings-per-share growth of approximately 24% in 2012 compared with our adjusted 2011 EPS and contribute to significant earnings momentum in the years beyond. OWe took delivery of our first three 747-8 freighters and placed those aircraft and the next two scheduled for delivery in long-term contracts in our core ACMI business. We also developed and secured extremely attractive Ex-Im Bank-backed financing for the remaining six 747-8Fs in our order [ETH] financing that will provide significant savings in our ownership cost for these assets. OIn 2011, we developed and implemented a comprehensive AMC Charter passenger business, and initiated a new 767 passenger- and cargo-aircraft operating platform. These new businesses complement our industry-leading 747 freighter services and our asset-light CMI operations. These investments will further enhance our revenue and earnings growth in the years ahead.O Fourth-Quarter and Full-Year Results Adjusted and reported net income attributable to common stockholders for the three months ended December 31, 2011 was achieved on revenues of $388.2 million. Adjusted and reported pretax earnings for the period totaled $66.0 million and $55.1 million, respectively. Earnings in the fourth quarter of 2011 were driven by our core, long-term ACMI business, complemented by increased AMC Charter demand, including our new military passenger service. Despite global economic strains that affected the airfreight market and our business during 2011, performance in our Commercial Charter business in South America remained strong, and overall performance in Commercial Charter in the fourth quarter improved from our third-quarter results, reflecting an increase in demand and improved block-hour rates. Results for the fourth quarter of 2011 benefited from substantially lower maintenance expense and continued productivity improvement and cost controls. Results for the quarter, however, were also impacted by further Boeing 747-8F delivery delays and lower-than-anticipated Boeing Dreamlifter flying, which affected our CMI operations. 2010 fourth-quarter reported net income attributable to common stockholders totaled $41.6 million, or $1.58 per diluted share, on revenues of $359.7 million. Adjusted net income attributable to common stockholders for the three months ended December 31, 2010, totaled $41.4 million, or $1.58 per diluted share. Adjusted and reported pretax earnings in the year-ago period totaled $62.1 million and $62.3 million. Adjusted and reported net income attributable to common stockholders for the year ended December 31, 2011, reflected revenues of $1.40 billion, adjusted pretax earnings of $179.2 million, and reported pretax earnings of $157.0 million. In 2010, Atlas Air WorldwideOs adjusted and reported net income attributable to common stockholders totaled $150.4 million and $141.8 million, or $5.77 and $5.44 per diluted share, respectively, on revenues of $1.34 billion. Adjusted and reported pretax earnings in 2010 were $237.5 million and $233.1 million. After-tax adjustments to earnings in the fourth quarter of 2011 included a special charge of $3.5 million, or $0.13 per diluted share, for asset impairment and employee termination charges related to the retirement of our 747-200 fleet, as well as an expense of $2.6 million, or $0.10 per diluted share, for pre-operating expenses related to the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays. After-tax adjustments to earnings for the full year of 2011 included an expense of $9.5 million, or $0.36 per diluted share, related to the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays; a special charge of $3.5 million, or $0.13 per diluted share, for asset impairment and employee termination charges related to the retirement of our 747-200 fleet; and a gain on disposal of aircraft of $0.2 million, or $0.01 per diluted...