Private Jets Charter News

Sabre, Expedia drop American Airlines

As expected, after its contract expired on 31-Dec-2010, Expedia dropped American’s fares on Expedia-owned Hotwire and TripAdvisor. However, it retained them on its corporate travel site Egencia. Now comes word that Sabre will drop American prematurely in August, a month before contract expiration....

Air Mauritius shares soar on revised profit outlook

Air Mauritius forecasts improved results for the quarter to Dec-2010 (FY3Q2011), reflecting improving passenger traffic.

Tiger Airways faces profit concerns over rising fuel costs

Phillip Securities forecasts Tiger Airways profits could face erosion as the cost of fuel rises. The fund manager forecasts a breakeven profit before tax result for Tiger Airways for the quarter. Pre-hedging fuel costs are estimated at SGD65 million for the quarter. Tiger Airways' shares traded up 0...

In conversation with Air New Zealand CEO Rob Fyfe

A special kind of leader, Air New Zealand’s chief executive leverages small size to advantage, gets under the radar and, above all, inspires passion. In an exclusive interview with Airline Leader, an aviation management magazine, Rob Fyfe opens up about the carrier’s revolutionary new “cuddle-...

Technology-enabled game-changing airline business models: Nawal Taneja writes for Airline Leader

In the latest issue of Airline Leader, the high-end monthly magazine for aviation executives, industry strategist and author Nawal Taneja argues that in order to succeed in the coming decade, airlines will need to start implementing IT more effectively to meet increasing customer expectations. But these...

Dufry continues strong trading gains

Shares in duty free operator Dufry rose 3% in trading on Wednesday. The company’s shares have risen 8.5% over the past two days, after trading down for the previous week.

Air China traffic up 16%, Philippine Airlines' share slide continues

Air China reported traffic for 2010 rose 16.1% year-on-year to 46.2 million. Domestic traffic rose 14.7% to 38.3 million, while international traffic rose 20.1%. Average load factors were 80.3%, 3.4 ppts higher than in 2010. Dec-2010 traffic was up 8.8% year-on-year to 3.5 million.

Geneva Aircraft Finance & Commercial Aviation Forum teams up with CAPA for market intelligence

The Geneva Aircraft Finance & Commercial Aviation Forum 2011 is delighted to announce its media partnership with the Centre for Asia Pacific Aviation (CAPA), to provide essential aviation market intelligence to the over 200 Aircraft manufacturers, lessors, financiers, fleet planners and aviation market...

Air Mauritius shares end lower, Comair up

Air Mauritius shares eased back 3.6% in trading on Thursday. Shares in the company jumped more than 7% earlier in the week, when the carrier forecast better profitability in the upcoming quarter, thanks to a resurgence in passenger demand.

AirAsia shares hit all-time record, Virgin Blue shares recover

Shares in AirAsia rose 6.3% on Thursday, hitting an all-time high of MYR3.04 after two days of relatively heavy trading. AirAsia shares have been trading generally upwards since May-2010, more than doubling in value. The shares have eased down 1.6% in trading to 1pm Sydney time today.

Iberia and Lufthansa shares ease

Iberia Airlines reports that overall passenger load factors in 2010 rose to 82.2% from 79.8% in the year earlier. Dec-2010 average load factors fell to 78.4% in Dec-2010, down from 79% in Dec-2009.

Brazilian Airlines report strong Dec-2010 traffic, Republic Holdings continues downward trend

Brazil’s National Civil Aviation Agency (ANAC) reported strong growth in domestic travel in Dec-2010, with domestic RPKs up 18.6%. International traffic was also positive, with RPKs climbing 17.7% year-on-year. Domestic load factors averaged 73.3% while international load factors were 77.2%.

Barclays optimistic for airlines in 2011

Despite tougher comparables, Barclays Capital expects underlying airline industry trends to remain positive, according to its research note issued last week. The company expects revenue per available seat mile (RASM) to rise in the high, single digits in January and March and double digits in February...

LA’s Ontario Airport returns as a privatisation prospect

Los Angeles World Airports (LAWA) issued a request in the first week of Jan-2011 for expressions of interest (REOI) for the management and operation of Ontario International Airport. After a couple of years where it had heavy traffic losses there are wildly differing opinions about its future.

Japan Airport Terminal shares spike

Shares in Japan Airport Terminal – manager of Tokyo Haneda Airport and duty free concessions at Tokyo Narita, Kansai and Centrair airport – rose 4.3% yesterday continuing a three-day positive trend.

Ferrovial looks at selling 10% of BAA stake

Spanish infrastructure and transport company Ferrovial is reportedly in negotiations to sell 10% of its share in UK airports operator BAA. The company expects bids from interested parties by the end of Jan-2011.

Qantas withdraws from San Francisco, commences 4x daily Dallas service. New competitive environment

The alliance battle is hotting up in the south Pacific, now that Delta and United are entrenched in the Australian market. Qantas today announced it will commence four times weekly Sydney-Dallas/Fort Worth service from 16-May-2011, using three-class B747-400 aircraft. Operating into American’s dominant...

China Southern releases hefty profit forecast, Cathay Pacific traffic weak in Dec-2010

China Southern Airlines reported that its net profit increased 15-fold in 2010, citing strong growth in passenger and cargo demand. The airline reported a net profit of USD54 million in 2009, but has not given a specific 2010 figure.

Australian airfares slump as battle intensifies in dynamic domestic market

Australian airlines have reduced their "Best discount" (cheapest) airfares in Jan-2011 as they reduce fares to boost passenger levels and load factors amid fragile consumer confidence, excess capacity and poor weather, according to data released by Australia’s Department of Infrastructure and Transport...

Shares in Skymark continue upward trend, Ryanair rated at ‘outperform’

Shares in Japan’s ambitious Skymark Airlines rose 3.8% on Friday. The carrier, which operates from Kyushu, is planning to expand its LCC model in Japan aggressively this year, and has already expressed interest in expanding its network from Kobe and Ibaraki.

Udvar-Hazy’s new leasing vehicle to launch IPO

Air Lease Corporation (ALC), the new aircraft leasing company co-founded by leasing godfather Steven Udvar-Hazy, announced it is seeking to raise USD100 million in an initial public stock offering. The funds raised will be used for the acquisition of aircraft.

LAN upgraded by Deutsche Bank, US airlines stocks mixed

LAN Airlines was upgraded from “hold” to “buy” by Deutsche Bank last week and raised their target price from USD30 to USD40 per shares. The company announced a USD3.7 billion merger with TAM in Aug-2010, although the merger still needs approval from Brazilian and Chilean authorities.

Lufthansa lobbying to block Emirates access to Berlin

Lufthansa is reportedly lobbying the German Government to deny Emirates’ request for landing slots at Berlin-Brandenburg International Airport. According to Berlin Mayor Harald Wolf, Emirates has been requesting flights to the German capital since 2004.

Airbus tipped to beat Boeing in 2010 orders race, Embraer up 10% on Goldman Sachs listing

According to Reuters, Airbus is likely to top Boeing in terms of gross and net orders (gross orders minus cancellations) over 2010. Boeing took 625 gross and 530 net orders last year, after suffering large numbers of cancellations on its delayed B787 programme, as well as 30 B777 cancellations.

AENA values itself at EUR30bn ahead of privatisation moves

AENA - Aeropuertos Espanoles y Navegacion Aerea – the government-controlled Spanish airports operator has reportedly valued itself at EUR30 billion as it leads up to a partial privatisation. The Spanish Government is studying various options to privatise 49% of the company, as it struggles to pay...

JAT, Autogrill shares easing

Shares in Japan Airport Terminal fell back 1.8% in trading on Friday, after climbing during the middle of last week. The company has reported surge in duty free sales following the expansion of international services from Tokyo Haneda Airport. Despite the higher traffic at the airport, in Nov-2010 the...

Beijing prepares for future growth: Second city airport as Beijing Capital becomes world's Number 2

Beijing has confirmed plans to construct a second major airport in the city within the next five years with capacity to handle 60 million passengers p/a. The facility will ease growing pressures on Beijing Capital International Airport, now the world’s second busiest. Combined with ultimate capacity...

China Eastern Dec-2010 preliminary traffic up 50%; Indian carriers trade lower

China’s aviation boom continues, with China Eastern Airlines reporting a remarkable 50% increase in Dec-2010, according to preliminary figures. The carrier reported an average load factor of 76.8%, 6.2ppts higher than the same month in 2009.

MIAL brings in NATS to help resolve congestion

Mumbai International Airport Limited (MIAL) – the GVK Power and Infrastructure and South African Airports joint venture operating Chhatrapati Shivaji International Airport – announced it has signed a contract with NATS, the UK-based Air Navigation Services Provider, to improve the efficiency of...

CAAC considers allowing foreign ticket vendors to use own systems

CAAC is reportedly looking at adjusting the regulations limiting the use of foreign ticket booking systems service in China. CAAC is soliciting public opinions on the subject, with an eye to opening up airfare sales in the country.