Emirates has announced it will resume passenger services to Kuwait City (5 August) and Lisbon (16 August). This will take Emirates’ passenger network to 70 destinations in August, over 50% of its pre-pandemic destination network, as the airline gradually resumes operations with the safety of its customers, crew and communities as its top priority.
Flights from Dubai to Kuwait City will operate as a daily service and flights from Dubai to Lisbon will operate three times a week. The flights will be operated with the Emirates Boeing 777-300ER and can be booked on emirates.com or via travel agents.
Passengers travelling between the Americas, Europe, Africa, Middle East, and Asia Pacific can enjoy safe and convenient connections via Dubai. Customers from Emirates’ network can stop over or travel to Dubai as the city has re-opened for international business and leisure visitors.
COVID-19 PCR tests are mandatory for all inbound and transit passengers arriving to Dubai (and the UAE), including UAE citizens, residents and tourists, irrespective of the country they are coming from.
Emirates will resume passenger services to Stockholm with weekly flights from 1 August, expanding its network in Europe to 22 cities, and connecting customers from Europe to the Middle East, Asia Pacific and Africa.
The restart of Stockholm flights means that all Emirates gateways in Scandinavia will have resumed services by August, with flights to Oslo resuming from 4 August and services to Copenhagen being in operation since June.
This will take the airline’s passenger network to 63 destinations in August, offering customers around the world more convenient connections to Dubai, and via Dubai.
Flights between Stockholm and Dubai will operate once a week on Saturdays. Emirates flight EK157 will depart Dubai at 08:40 and arrives in Stockholm at 13:10. The return flight EK 158 leaves Stockholm Arlanda Airport at 15:05 and arrives into Dubai International Airport at 23:20. All times are local.
The flights will be operated with the Emirates Boeing 777-300ER and can be booked on emirates.com or via travel agents.
Dubai is open: Customers from across Emirates’ network can now to travel to Dubai as the city has re-opened for business and leisure visitors with new air travel protocols that safeguard the health and safety of visitors and communities. For more information on entry requirements for international visitors to Dubai, visit: www.emirates.com/flytoDubai
Flexibility and assurance: With the gradual re-opening of borders over the summer, Emirates has revised its booking policies to offer customers more flexibility and confidence to plan their travel. Customers whose travel plans are disrupted by COVID-19 related flight or travel restrictions, can simply hold on to their ticket which will be valid for 24 months and rebook to fly at a later time; request travel vouchers to offset against future Emirates purchases, or request refunds via an online form on Emirates’ website or via their travel booking agent.
Health and safety first: Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers. For more information on these measures and the services available on each flight, visit: www.emirates.com/yoursafety
Travel restrictions: Customers are reminded that travel restrictions remain in place, and travellers will only be accepted on flights if they comply with the eligibility and entry criteria requirements of their destination countries. Visit: www.emirates.com/travelrestrictions
FILE PHOTO: A Malaysia Airlines plane is seen at Kingsford Smith International Airport in Sydney
KUALA LUMPUR (Reuters) – Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.
GSV, which was set up by former Malaysia Airlines officials and professionals with aviation experience, made the proposal a month ago, as airlines around the world were hammered by travel restrictions following the coronavirus pandemic.
“We have secured in excess of $2.5 billion from the bank. We will take about three to four months to get the long-term financing,” Chief Executive Shahril Lamin told Reuters in a phone interview.
GSV said it also has a commitment from a Japanese private equity firm to inject immediate funds into the aviation group through an equity deal.
It declined to name the firms involved, adding it was in talks with other foreign banks and private equity firms for further funding.
GSV has submitted its proposal to Morgan Stanley which has been hired by the aviation group’s sole owner, sovereign wealth fund Khazanah Nasional Bhd.
Sources have previously said Japan Airlines Co Ltd, domestic carriers AirAsia Group Bhd and Malindo Air have shown interest in Malaysia Airlines.
GSV said it would assume most of the airline’s debt that is being held by the government in outstanding Islamic bonds.
Khazanah and Morgan Stanley did not immediately respond to emailed requests for comment.
GOLDEN SHARE
The proposal includes keeping the government’s so-called golden share which allows it majority voting rights and maintains Malaysia Airlines’ flag carrier status.
GSV expects it will have ample liquidity to help the airline operate comfortably for up to 18 months.
It intends to reinstate Malaysia Airlines as a premium long-haul airline by expanding its flight network and maximising utilisation of its 81-plane fleet. It also plans to keep other business units such as the budget airline, cargo freighter and maintenance repair and overhaul unit.
“It’s still a viable venture, it has inherent strengths. We are saying we won’t lay off the 13,000 frontline employees and we are not going to asset-strip the airline,” Deputy Chief Executive Ravindran Devagunam said.
The firm aims to achieve positive earnings before interest, taxes, depreciation and amortisation within three years of taking over, and targets 15 billion ringgit ($3.5 billion) in revenue in 2025.
Plans for a listing or possible listing of its units are on the cards in three to five years, they said.
Ravindran said the firm is banking on pent-up travel demand when the coronavirus is contained. “Regardless of how long (the virus) will take this year, we are looking at an uptick in the business from summer 2021.”
($1 = 4.3450 ringgit)
(Reporting by Liz Lee; Editing by David Holmes and Edwina Gibbs)
Global defence company Nova Group is maintaining its projections of over $200 million revenue this financial year with longer-term goals to continue expanding its global reach. A newer focus on space is continuing to diversify the portfolio of the South Australian headquartered company that has invested more than $20 million on eight acquisitions across the globe to cement its footprint.
In South Australia, the company’s new Nova IGS Network is providing space ground connectivity for small satellite operators with the site now being used by international clients including Tyvak USA and RBC USA. Nova is also in talks with an Italian-based space company wanting to expand its presence in Australia.
Based on a 21 hectare site in Peterborough in South Australia’s mid north, the site is used to track low earth orbit satellites through customer’s own terminals and Nova has plans to attract further European companies over upcoming years. “Nova is also planning to utilise the site as a ground station test bed for emerging Space 2.0 technologies and support future defence projects,” a spokesman said. “Peterborough provides the vital ground segment element in order to allow satellite operators to downlink/download their data.”
Nova Group is marking 20 years in business, with Nova Systems founded by Jim Whalley and Peter Nikoloff and originally offering flight-testing services in South Australia’s capital city of Adelaide. It has since grown to having 600 employees working on projects around the world including with the Australian Defence Force, United Kingdom Ministry of Defence, Royal Norwegian Air Force and the Republic of Singapore Air Force. “With a solid foundation in the defence markets in Australia and the UK, and a footprint in space, transport and energy, I am very proud to be exporting Australian capability and know-how to the world and look forward to positioning to our next growth phase,” Whalley said. Nova was recently awarded one of four industry leads in the Major Service Provider consortium providing integrated support contracts to the Australia Defence Force over the next 10 years.
The logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse
NEW DELHI (Reuters) – India’s air safety watchdog said IndiGo must do more to fix its aircraft fitted with Pratt & Whitney engines, linked to in-flight shutdowns, as it fears the budget airline may not meet its Jan. 31 deadline to replace them.
Deliveries of new planes taken by IndiGo must be used to replace the aircraft that are fitted with the problem Pratt engines, the Directorate General of Civil Aviation (DGCA) said on Monday. Those planes should then be grounded until their engines are replaced with new ones, after which they can fly again.
Indigo is the biggest customer of Airbus A320neo jets.
The regulator’s move effectively prevents India’s top airline from expanding its network until it has replaced all the Pratt & Whitney engines.
United Technologies’ Pratt & Whitney engines have consistently caused issues since they entered into service in 2016, forcing IndiGo to ground its planes several times.
In a recent review meeting with the airline, the DGCA felt that the steps taken by IndiGo so far to replace all the engines “do not instil enough confidence with regard to the timely completion of the said task”.
“If left unaddressed, we may find ourselves in a situation, in which, we remain saddled with large number of aircraft with unmodified engines … and we are left with the only option i.e. to ground them,” the regulator said in the statement.
On Nov. 1 the regulator had ordered the airline to replace all P&W engines on its fleet of almost 100 twin-engined Airbus A320neo family aircraft with new power units by Jan. 31, 2020.
If the replacement is not complete, all planes that still have unmodified engines will be grounded and could cause “large scale disruptions” in operations. The latest directive is aimed at preventing such a situation, the DGCA said.
IndiGo, owned by InterGlobe Aviation, said the current schedule remains intact, and it is working with P&W and Airbus to meet the DGCA guidelines.
(Reporting by Aditi Shah, editing by Louise Heavens)
Dreamliner family pivotal to airline’s strategy of operating a modern fleet
Biman pilots begin using Jeppesen Flite Deck Pro X to access mobile charts, navigational information to increase situational awareness
DUBAI, United Arab Emirates, Nov. 17, 2019 /PRNewswire/ — Boeing [NYSE: BA] and Biman Bangladesh Airlines (Biman) announced today at the 2019 Dubai Airshow that the carrier is expanding its 787 Dreamliner fleet with two additional airplanes valued at $585 million at list prices.
The purchase – recorded in October as an unidentified order on Boeing’s website – complements Biman’s fleet of 787-8 jets with the larger and longer-range 787-9 variant. The national flag carrier of Bangladesh says the addition of the 787-9 will help modernize its fleet and expand its international network.
“One of our key priorities is to have a modern fleet with technologically-advanced airplanes that will enable us to expand our international reach,” said Air Marshal Muhammad Enamul Bari, Former Chief of Air Staff, Chairman Board of Directors, Biman Bangladesh Airlines. “While we have a good domestic network, we plan to extend our international network to include more destinations in Europe, Asia and the Middle East. The 787 with its technological superiority, excellent operational performance and passenger experience will enable us to achieve that goal,” he added.
The 787-9 is part of a three-member family that offers long range and unmatched fuel efficiency in the 200 to 350 seat market. For Biman Bangladesh, the 787-9 can carry 298 passengers in a standard three-class configuration and fly up to 7,530 nautical miles (13,950 kms) while reducing fuel use and emissions by up to 25 percent compared to older airplanes.
“Biman Bangladesh is showing us the powerful potential of the Dreamliner family. Just last month, the airline launched a new non-stop flight from its hub in Dhaka to Medina, Saudi Arabia. It’s a great example of the 787-8 serving as a ‘market opener.’ And now, Biman adds the 787-9 which brings more seats, more range and more cargo-carry capability for the routes that need it. The two will form a profitable network solution for Biman,” said Stan Deal, president and chief executive officer, Boeing Commercial Airplanes.
Boeing also provides services that help Biman operate more efficiently. As part of a multiyear agreement, the airline’s pilots this year began using the Jeppesen Flite Deck Pro X electronic flight bag (EFB) platform to access mobile charts and navigational information, increasing their situational awareness on the ground and in the air.
Since entering service in 2011, the 787 family has enabled the opening of more than 250 new point-to-point routes and saved more than 45 billion pounds of fuel. Designed with the passenger in mind, the 787 family delivers an unparalleled experience with the largest windows of any commercial jet, large overhead bins with room for everyone’s bag, comfortable cabin air that is cleaner and more humid and includes soothing LED lighting.
FILE PHOTO: Cessna employee works on an engine of a Cessna business jet at the assembly line in their manufacturing plant in Wichita, Kansas March 12, 2013. REUTERS/Jeff Tuttle
(Reuters) – Cessna business jet maker Textron Inc reported a higher-than-expected quarterly profit on Wednesday, benefiting from robust aircraft deliveries, sending its share up 1.6 percent in early trading.
Business jet demand has been growing steadily in the United States, the world’s biggest market, on the back of an expanding economy and rising corporate profits.
Textron said it delivered 44 jets in the first quarter ended March 30, up from 36 last year. Commercial turboprop deliveries rose to 44 aircraft from 29 last year.
“We think this quarter has pretty much ticked all the boxes for Textron. Aviation growth has continued, with a positive book to bill in the quarter,” Vertical Research Partners analyst Robert Stallard said.
Textron has faced delays in final certification of its newest super mid-size Longitude jet, which is expected to contribute a ‘big chunk’ to the company’s revenue growth in 2019.
Analysts have warned that the certification delays from the U.S. Federal Aviation Administration due to partial government shutdown followed by the regulator’s intense focus on re-certifying Boeing Co’s 737 MAX aircraft might impact sales growth at the company in the short.
Though the aviation business was among the drivers for a profit beat, Textron’s revenue missed Wall Street estimates, hurt by lower sales in its systems unit, which makes tactical armored patrol vehicles.
Textron re-affirmed its full-year profit outlook range of $3.55 to $3.75 per share.
Sales in the company’s aviation business, its biggest, rose 12.3 percent to $1.13 billion in the first quarter, while sales in the systems unit fell more than 20 percent to $307 million.
The company’s net income fell to $179 million in the quarter ended March 30 from $189 million a year earlier.
Textron earned 76 cents per share, above analysts’ average estimate of 68 cents, according to Refinitiv data.
Textron’s revenue fell 5.7 percent to $3.11 billion, below analysts’ estimates of $3.17 billion.
(Reporting by Divya R and Ankit Ajmera in Bengaluru; Editing by Maju Samuel)
