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Magazine Issue

Aviation Daily, November 17, 2014

VOL. 399 NO. 31 November 17, 2014
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Airlines

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Chorus Aviation Posts $26 Million 3Q Adjusted Net Profit

Nov 18, 2014
The parent of Canadian regional airline Jazz, Chorus Aviation, reported third-quarter adjusted net income of C$29 million ($26 million), up 4.7% year-over-year, or C$0.24 per basic share, from C$27.7 million in 3Q 2013. The adjusted figures eschew foreign-exchange fluctuations and discount Chorus Aviation’s C$3.3 million in voluntary employee-severance program outlays dispensed by the company during the third quarter.
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‘New Breed Of Managers’ Needed For A380 Success, Tim Clark Believes

Nov 17, 2014
“Risk adversity has crept into airline boards” since the early 2000s, says Emirates Airline President Tim Clark. And that has led many airlines to worry about their ability to fill A380 seats, causing them to shy away from the superjumbo.
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Emirates Can Learn From Ryanair, Clark Says

Nov 18, 2014
Emirates President Tim Clark, said “there is a lot we can learn” from Ryanair CEO Michael O’Leary after meeting the Irish carrier’s CEO for the first time recently at a meeting in Berlin. ”I am more aligned in my thinking with how budget carriers do their thing than with European legacy airlines,” Clark said. Clark added that “he and I think identically” about the industry and the two—who have helped their airlines transform different segments of the airline industry—plan to continue their dialogue.
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Allegiant Air Says Market For Used Airbus Narrowbodies Is Tight

Nov 18, 2014
Allegiant Air is finding fewer used Airbus A320-family aircraft available at reasonable prices than it expected, but predicts more will hit the market in 2016 and 2017, an executive told Wall Street analysts. “A lot of the carriers who have these used Airbuses, they are hanging on to them two or three years or longer,” Allegiant Vice President-Fleet and Corporate Finance Tom Doxey said. “Or if they are leased, they are doing some short-term extensions,” Doxey added.
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Asiana Penalized With Suspension Of SFO Route

Nov 18, 2014
Asiana Airlines has been ordered by Korean authorities to suspend its flights to San Francisco for a 45-day period as a penalty for the July 6, 2013 crash of a Boeing 777-200ER at that airport. A review panel from South Korea’s Ministry of Land, Infrastructure and Transport (MLIT) says the carrier must complete the suspension period within six months. Asiana has 15 days to decide if it will appeal the ruling—a step the airline has indicated it plans to take.

Air Cargo

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Freight Logs Year Of Consistent Monthly Growth, ACI Figures Show

Nov 18, 2014
Global air freight volumes were up 6.2% year-over-year in September, cementing a year-long trend of monthly year-over-year volume growth that gained additional steam this past summer, Airports Council International (ACI) figures show. Since October 2013, global air-freight volumes have increased on a year-over-year basis every month. From October through June 2014, the volume growth rate averaged 3.5% per month. In July, air freight’s monthly volume growth surged 6.7%, followed by 5.8% in August.
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Thai Operating Results Suffer From Tourism Decline

Nov 18, 2014
olitical disruption in Thailand is still hurting the operational performance of Thai Airways, although a foreign-exchange windfall offset plummeting revenue and enabled the carrier to return to a third-quarter net profit.

Lessors

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Airlines, Authorities Key To Ending Wasteful Paper-Based Lease Documentation

Nov 18, 2014
SINGAPORE—Using paper-based documentation for aircraft lease transactions adds several hundred thousand dollars to each deal, but paper won’t be replaced by digital until either airlines and civil aviation authorities step in and agree on a path forward. Speaking at MRO Asia, AerCap SVP Jock Seals said his company spent an average of about $350,000 per deal using paper in the last year.

MRO

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Leasing Companies Debate Use of Alternative Parts, Repairs

Nov 18, 2014
SINGAPORE — Leasing companies often get full blame for prohibiting the use of non-OEM parts or repairs, but regulators and airlines can also be part of the equation.
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Asia-Pacific MRO Boom Faces Hurdles

Nov 18, 2014
SINGAPORE—Despite solid sales projections by airframers, difficult national geographies and the fragmented nature of the Asian maintenance, repair, and overhaul industry point to mixed prospects for its future. The Asia-Pacific region generates a healthy 27% of the $60 billion yearly global airline MRO spend. With an estimated global growth rate of 5.4% going forward, the region seems well-positioned for a boom, said ICF International VP David Stewart. But there are challenges.

Calendar of Events

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Upcoming Events

Nov 18, 2014
To list an event, send information in calendar format to Donna Thomas at [email protected]. (Bold type indicates new calendar listing.) Nov. 17-19—JEC Asia Composits Show & Conferences, Singapore, www.jeccomposites.com/events/jec-asia-2014 Nov. 18-19—APEX Technology Conference, Newport Beach, California, http://apex.aeo/Events/TechnologyConferences/UpcomingEvents/tabid/273/Default.aspx

Aviation Week Conference & Exhibits

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Aviation Week Conference & Exhibits

Nov 18, 2014
For a complete list of Aviation Week’s upcoming events, and to register, visit www.aviationweek.com/events Nov. 19-20—A&D Programs, Wigwam Resort, Liltchfield Park, Ariz. Jan 13-14, 2015—MRO Latin America, Buenos Aires, Argentina Feb. 2-3, 2015—MRO Middle East, Dubai World Trade Center, Dubai, UAE Mar. 5, 2015—Laureate Awards, Washington, D.C.