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AirAsia Group Welcomes Dr. Stanley Choi as Substantial Shareholder

February 28, 2021 / WIL BALDWIN

AirAsia Group Berhad (Kuala Lumpur: 5099.KL) is pleased to announce that Dr. Stanley Choi Chiu Fai has joined the Group as a substantial shareholder via his wholly-owned entity Positive Boom Ltd. on 18 February 2021. He acquired 167.1 million AirAsia shares in the first tranche of the private placement, raising his shareholding in the group to 332.5 million shares equating to a 8.96% stake.

Dr. Stanley Choi is the Chairman of Head & Shoulders Financial Group, as well as the Chairman and Executive Director of International Entertainment Corporation (IEC), a company listed on the main board of Hong Kong Stock Exchange (1009.HK). He is also the only co-founding member from Hong Kong for YunFeng Capital – a private equity fund started in 2010 by a group of successful entrepreneurs and influential industry leaders, named after its co-founder Jack Ma Yun, founder of Alibaba Group, and David Yu Feng, founder of Target Media.

His previous directorships include his appointment as Executive Director of Target Insurance (Holdings) Limited (stock code: 6161.HK) from 2014 to 2019, Director of ZhongAn Online P&C Insurance Co. Limited (stock code: 6060.HK) from 2013 to 2016 and Executive Director of Media Asia Group Holdings Limited (stock code: 8075.HK) from 2011 to 2015.

The successful businessman possesses more than 20 years of experience in financial services and merger & acquisition transactions, with a particular focus on private equity investment. He was a seed investor of Kidswant, a Chinese-startup that has now become a leading maternity, baby and children’s product retailer in China with a valuation of over USD3 billion.

Dr Stanley Choi, Chairman of Head & Shoulders Financial Group said: “It is my great pleasure and honour to gain a substantial ownership stake in AirAsia Group – the world’s best low cost airline and one of Asia’s biggest known brands that has successfully pivoted into digital business as well. I believe the worst period in the aviation industry’s history has now passed. I am confident that air travel will bounce back and that under Tan Sri Tony’s and Datuk Kamarudin’s leadership, and with vaccines being rolled out across the region and globally, AirAsia has a very bright future ahead. I look forward to working with everyone at AirAsia.”

Datuk Kamarudin Meranun, Executive Chairman of AirAsia Group said: “We are thrilled to welcome Dr Stanley Choi as a strategic shareholder of AirAsia Group, bringing an impressive track record and solid reputation as a business powerhouse to our Group. We are confident that he will add value to our digital business development in China through his vast experience and network with top digital players in the country.

Dr Stanley Choi graduated with a Master’s Degree of Science from the University of Illinois at Urbana Champaign, United States in 1996. In 2013, he obtained a Doctoral Degree of Business Administration from the City University of Hong Kong.

JetBlue Receives First Airbus A321neo Aircraft With Reimagined Mint® Layout

February 26, 2021 / WIL BALDWIN

NEW YORK–(BUSINESS WIRE)– JetBlue (NASDAQ:JBLU) today announced it has formally taken delivery of its first Airbus A321neo (new engine option) aircraft configured with the airline’s reimagined premium Mint® experience and an all-new onboard layout, featuring comfort and connectivity perks that set the airline apart from other U.S.carriers. The aircraft is scheduled to arrive at JetBlue’s home at New York’s John F. Kennedy International Airport (JFK) tonight from the Airbus production facility in Hamburg, Germany.

JetBlue’s A321neo with Mint features 16 Mint suites – including two Mint Studios™ – and 144 core seats. It will first operate on select flights between New York-JFK and Los AngelesInternational Airport (LAX) this summer. Today’s delivery – tail N2105J named “NEO Mintality” – brings JetBlue’s total fleet count to 270 aircraft, is the airline’s 16th A321neo and the first of this aircraft type to feature Mint.

Travelers can spot the A321neo with Mint by its unique “Ribbons” tailfin. The design features three blues from the airline’s brand palette and is the first tailfin inspired by so-called “Op Art” – as in optical art – using simple shapes to create the illusion of three dimensions and movement.

All Suites, All the Time

The first major design overhaul of Mint – designed in partnership with Acumen Design Associates – will debut on select flights between New York and Los Angeles this summer.

Click the link below to view the full JetBlue press release!

https://www.businesswire.com/news/home/20210226005628/en/

Grupo Viva Aerobus Reports Financial Results for Fourth Quarter and 2020

February 23, 2021 / WIL BALDWIN

Mexico City, February 22, 2020. – Grupo Viva Aerobus today reported operating and financial results for 4Q20 and full year 2020, reflecting a recovery trend, amid the challenges of the pandemic, which began in the third quarter. This performance is the result of an adequate financial management, a strict expense control protecting the company’s liquidity and a responsible operational recovery which prioritizes health and safety for all passengers and staff.

During the 4Q, Viva Aerobus led the industry’s recovery, being the first airline in the Americas to resume 100% of its operational capacity, in November. Furthermore, Viva also consolidated as the first Mexican airline to grow its service at the end of the year by increasing its offer (available seats per kilometer) an 11% during December 2020 vs December 2019. In addition, the airline closed the year with 131 routes (103 domestic and 28 international), 12 more routes than the ones recorded at the end of 2019.

As a result of this recovery, added to an enhanced flexibility by permanently getting rid of charges for flight changes, Viva registered higher demand, closing 4Q20 with more than 2.9 million passengers, a 59% increase compared to 3Q2020. Moreover, the airline closed December with over one million of passengers registered, a similar figure reported in December 2019, before the pandemic.

This operational and passengers increase boosted the operating revenue to reach 3,237 million pesos in 4Q20, representing a 76.8% growth compared to 3Q20. Total operating revenue was composed 49% by fare revenue (1,589 million pesos) and 51% of ancillary revenue (1,647 million pesos). This revenue scheme represents the possibility that Viva Aerobus gives passengers to personalize their flights. Therefore, Viva takes care of their economy by offering low prices and giving the opportunity to pay only for what they need.

Due to this sequential increase in revenues, a positive EBITDAR was obtained for the second consecutive quarter, totaling 531 million pesos; this represented a sequential increase of 95% compared to 3Q20. Additionally, liquidity preservation stands out as attested in the cash and cash equivalents balance, recording 2,967 million pesos, a similar figure to the one reported in 3Q20. This reflects an assertive use of cash, taking advantage of an agile operational resumption, the support of the airline’s suppliers and the decisions to eliminate non-essential expenses.

These quarterly results softened the effects of the pandemic in the full year, considering that it was in the first half of 2020 when demand was most affected by the health emergency. Viva Aerobus registered more than 8.1 million annual passengers, a decrease of 32.4% compared to 2019. Consequently, total operating revenues reached 8,221 million pesos and EBITDAR totaled 946 million pesos, a 36.1% and 75.6% decrease, respectively.

To consult the full earnings report, please visit Viva Aerobus investor relations site: https://ri.vivaaerobus.com/en

Financial Indicators (MXN Million)	4Q20	4Q19	Ch. %	2020	2019	Ch. %
Total Revenue	3,237	3,728	(13.2%)	8,221	12,874	(36.1%)
EBITDAR*	531	1,122	(52.7%)	946	3,875	(75.6%)
EBITDAR Margin*	16.4%	30.1%	(13.7 p.p.)	11.5%	30.1%	(18.6 p.p.)
Operation (loss) income [EBIT]*	(427)	315	(>100.0%)	(2,619)	935	(>100.0%)
EBIT Margin*	(13.2%)	8.4%	(21.6 p.p.)	(31.9%)	7.3%	(39.1 p.p.)
Earnings Before Taxes (EBT)*	(791)	658	(>100.0%)	(3,881)	579	(>100.0%)
EBT Margin*	(24.4%)	17.7%	(42.1 p.p.)	(47.2%)	4.5%	(51.7 p.p.)
Net (loss) income*	(558)	420	(>100.0%)	(2,727)	469	(>100.0%)
Net Margin*	(17.2%)	11.3%	(28.5 p.p.)	(33.2%)	3.6%	(36.8 p.p.)

*Items not comparable with 2019 due to change in the functional currency conducted in 2020.

Operational Indicators	4Q20*	4Q19	Ch. %	2020*	2019	Ch. %
ASKs (million)	4,303	4,153	3.6%	11,670	15,080	(22.6%)
RPKs (million)	3,400	3,642	(6.6%)	9,393	13,374	(29.8%)
Total Passenger (thousands)	2,945	3,282	(10.3%)	8,123	12,019	(32.4%)
Load Factor (%)	79.0%	87.7%	(8.7 p.p.)	80.5%	88.7%	(8.2 p.p.)

KLM Takes Delivery of Their First Embraer E2

February 23, 2021 / WIL BALDWIN

São José dos Campos, Brazil, 23 February 2021 – KLM Cityhopper, the regional subsidiary of KLM Royal Dutch Airlines, received their first Embraer (NYSE: ERJ) E195-E2 in a ceremony today at Embraer’s facility in Brazil. This first E2 delivery to KLM, and lessor ICBC Aviation Leasing, brings the total number of Embraer jets in the KLM Cityhopper fleet to 50.

The total order for 35 jets, 25 firm orders with options for 10 more, will be leased to KLM from ICBC Aviation Leasing (10) and Aircastle (15). KLM recently exercised four options increasing the firm order from 21 to 25 jets, with the further four aircraft coming from Aircastle’s existing order-book.

KLM is a global leader in airline sustainability and taking action to make operations more sustainable. KLM’s fleet renewal is a key strategy to reduce the airline’s environmental footprint. The E195-E2, Embraer’s new generation aircraft, is specifically designed to cut emissions and noise pollution. The E2’s environmental credentials are impressive; the E195-E2 delivers a 31% reduction in carbon emissions per seat over KLM Cityhopper’s first-generation E190’s.

Noise pollution is also dramatically reduced; the noise footprint is over 60% smaller – a critical measure at Amsterdam Schiphol Airport which has strict noise abatement rules. The E2’s low external noise level is already well below planned future ICAO limits. Carbon emissions are almost 10% lower per trip and 31% lower per seat. In a typical year, each E195-E2 will emit 1,500 fewer tons of carbon pollutants.

The E195-E2 is the 50th E-Jet to join the KLM Cityhopper fleet of 17 first-generation E175s and 32 E190s. The new E195-E2 is configured with 132 seats – 20 in Business Class, eight in Economy Comfort, and 104 in Economy Class.

Boeing Begins T-7A Red Hawk Advanced Trainer Production

February 23, 2021 / WIL BALDWIN

ST. LOUIS, Feb. 23, 2021 — A new era in aircraft design and build has begun as the first U.S. portion of the T-7A Red Hawk advanced trainer has officially entered the Boeing [NYSE: BA] jet’s state-of-the-art production line.

The training jet, designated the eT-7A Red Hawk by the U.S. Air Force because of its digital heritage, was fully designed using 3D model-based definition and data management systems developed at Boeing during the last two decades. The T-7A Red Hawk employed the digital engineering and design of the Boeing T-X aircraft that went from firm concept to first flight in just 36 months.

The Advanced Pilot Training System also incorporates leading-edge ground-based live and virtual simulators to give students and instructors a “real as it gets” experience.

In September 2018, the U.S. Air Force awarded Boeing a $9.2 billion contract to supply 351 advanced trainer aircraft and 46 associated ground-based training simulators. Saab is teamed with Boeing on the trainer and provides the aft fuselage of the jet.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Air Lease Places Two Airbus A320-200 Aircraft with Qanot Sharq Airlines Uzbekistan

February 21, 2021 / WIL BALDWIN

Los Angeles, California, February, 2021 – Air Lease Corporation (NYSE: AL) announced today long-term lease placements for two used Airbus A320-200 aircraft with Qanot Sharq Airlines (Uzbekistan), scheduled to deliver this March. This will be the first two aircraft in the fleet of the Uzbek startup airline.

“ALC is pleased to announce this lease placement of two A320-200s with Qanot Sharq Airlines,” said AJ Abedin, Vice President, Marketing of Air Lease Corporation. “We have worked closely with the Qanot Sharq executive team and are thrilled to participate in the launch of the first Uzbek startup airline through the placement of their first two aircraft.”

“We are honored and excited to work with one of the largest aircraft leasing companies in the world to assist with the launch of our airline,” said Nosir Abdugafarov, owner of Qanot Sharq Airlines. “These two A320-200s are scheduled to deliver in March and will be the first two aircraft in Qanot Sharq’s fleet, ensuring the highest standard of safety and comfort for our passengers.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Qanot Sharq Airlines

Established as the first privately owned Airline in Uzbekistan, Qanot Sharq is led by a team of highly accomplished airline industry professionals with over 200 years of combined industry experience. The airline will operate from multiple regional airports in Uzbekistan, providing scheduled air service to international destinations such as Istanbul, Ankara (Turkey), Dubai (UAE), Jeddah, Medina (Saudi Arabia), Moscow, St. Petersburgh (Russian Federation) and Almaty (Kazakhstan).

Emirates Operates Flight Serviced by Fully Vaccinated Teams Across All Touch Points

February 21, 2021 / WIL BALDWIN

DUBAI, UAE 21 February 2021: Honouring its commitment to the health and safety of its employees and customers, Emirates today has become among the first airlines in the world to operate a flight with fully vaccinated frontline teams servicing customers at every touchpoint of the travel journey.

This morning, the full airport and onboard customer experience for flight EK215, which departed Dubai at 0830hrs for Los Angeles, was safely supported by check-in, security, Business and First Class lounge and boarding gate employees, as well as engineers, pilots and cabin crew who made the choice to be fully vaccinated.

Also supporting the flight’s operations were fully vaccinated aircraft appearance, loading and special handling teams from dnata, as well as SkyCargo teams working on the cargo and logistics requirements for EK215.

The Emirates Group rolled out its vaccination drive at pace just over a month ago, and since then, close to 26,000, or 44%, of the Group’s UAE frontline aviation workforce have received both doses of either the Pfizer-BioNTech or Sinopharm vaccines.

Nearly 5,000 Cabin and Flight Deck Crew have opted to receive both doses of the Covid-19 vaccine. In addition, thousands more Emirates Group employees in other roles have taken their COVID-19 vaccine through the company’s clinics and vaccination centres, while others have opted to take their vaccine at one of the many vaccination centres across the UAE.

The Emirates Group vaccination programme is the latest in its series of safeguards and protections to deliver on its health and safety promises to its customers, employees and the communities it serves around the world. The Group’s vaccination centres have been running 12 hours a day, every day of the week to prioritise and provide aviation frontliners with the vaccine.

The UAE currently has one of the world’s highest rate of vaccinations for its citizens and residents as it fights to curb the spread of Covid-19. So far, the UAE has administered over 5.4 million doses of the Covid-19 vaccine, and Our World In Data, a research website based at Oxford University, recently reported that the country’s distribution rate stands at 55.27 doses per 100 people, ranking it the second highest in the world.

Air Côte d’Ivoire Receives its First Airbus A320neo

February 18, 2021 / WIL BALDWIN

Toulouse, 18 February 2021 – Air Côte d’Ivoire, Ivory Coast’s flagship carrier based in Abidjan, has taken delivery of its first A320neo, becoming the first operator of the type in the West-African region. This latest generation aircraft will join Air Côte d’Ivoire’s existing Airbus fleet of six aircraft.

With improved levels of efficiency, this new aircraft will be deployed on Air Côte d’Ivoire’s regional network to serve Senegal, Gabon, and Cameroon. Destinations like South Africa will be added at a later stage, highlighting the operational flexibility of the A320neo. Powered by CFM International LEAP-1A engines, the aircraft is configured in a comfortable two-class layout with 16 seats in Business and 132 seats in Economy Class. Passengers will benefit from the widest cabin of any single-aisle aircraft, high-speed Internet connectivity and latest generation in-flight entertainment system.

Air Cote d’Ivoire’s first A320neo took off from Toulouse carrying 1 tonne of humanitarian goods including medical equipment and toys. In partnership with Aviation sans Frontières and the Airbus Foundation, the mission is part of Air Côte d’Ivoire’s corporate social responsibility initiative. The transported goods will serve local NGOs in Abidjan, thus supporting the education and health sector in the country.

Air Cote d’Ivoire has a fleet of 10 aircraft, including three A319s and three A320s, serving 25 domestic and regional destinations in West and Central Africa.

The A320neo Family incorporates the very latest technologies including new generation engines, Sharklets and aerodynamics, which together deliver 20% in fuel savings and CO2 reduction. The A320neo Family has won 7,450 orders from nearly 120 customers.

Air Côte d’Ivoire Receives its First Airbus A320neo

February 18, 2021 / WIL BALDWIN

Air Cote d’Ivoire has a fleet of 10 aircraft, including three A319s and three A320s, serving 25 domestic and regional destinations in West and Central Africa.

Boeing’s First KC-46 Tanker for Japan Takes Flight

February 9, 2021 / WIL BALDWIN

EVERETT, Wash., Feb. 9, 2021 – The first Boeing [NYSE: BA] KC-46 tanker destined for the Japan Air Self-Defense Force (JASDF) took to the skies on its maiden flight yesterday. This successful flight highlights an important milestone as the aircraft now transitions into the certification phase of development.

“This is an exciting milestone for the JASDF and Boeing,” said Jamie Burgess, KC-46 program manager. “Japan is getting closer to receiving the most advanced air refueling tanker in the world.”

Japan is the KC-46 program’s first international customer and is scheduled to receive its first jet this year.

“Boeing’s KC-46 and its robust defensive systems will play an invaluable role in the security alliance between our two countries,” said Will Shaffer, president of Boeing Japan. “This tanker’s ability to carry cargo and passengers also makes it a critical tool to support humanitarian relief efforts across the Pacific region and beyond.”

The KC-46 refueling certification encompasses U.S. Air Force, U.S. Navy, U.S. Marine Corps and JASDF aircraft.

The U.S. Air Force awarded Boeing a $279 million contract for the JASDF’s first KC-46A tanker in December 2017. The agreement was completed through the Foreign Military Sale process between the U.S. government and Japan. Japan is now on contract for a total of four KC-46 tankers.

Boeing is assembling KC-46A aircraft for both the U.S. Air Force and Japan on its 767 production line in Everett, Washington. Boeing’s Japanese partners produce 16% of the KC-46 airframe structure.

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