EGYPTAIR News 30 apr 2016

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‫السبت‬ ‫‪30‬ابريل ‪2016‬‬












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.‖


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.


http://www.avitrader.com/ Alitalia considering stake in Air Malta 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 Dubaibased 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.


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.


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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