RIO DE JANEIRO (AP) — Avianca Brasil canceled more than 1,045 domestic flights this week because it has to return 18 aircraft to leasing agencies.
Brazil’s National Aviation Agency said the planes needed to be returned Monday to avoid affecting Holy Week holiday passengers. Customers can either get refunds for canceled flights or rebook through partner airlines.
Avianca Brasil declined to say how many planes it has left. But the G1 news portal reports that the airline has just seven planes still in its fleet.
On April 1, the airline canceled several international routes from Sao Paulo to New York, Miami and Santiago, Chile.
Avianca Brasil filed for bankruptcy in December after failing to pay leases on its aircraft. The airline, formerly known as Ocean Air, has licensed the name Avianca since 2010 from Colombian carrier Avianca Holdings SA. They are separate companies with the same owners: brothers German and Jose Efromovich. The latter is being investigated for allegedly failing to pay airport fees in Salvador airport in northeastern Brazil.
A company representative from Avianca’s headquarters in Colombia stressed that the Brazilian company is independent from Avianca Holdings group, both operationally and financially. The company said in a statement that flights operated by Avianca Holdings SA from hubs in Bogota and Lima, Peru, to destinations in Brazil will not be affected by the Avianca Brasil cancellations.
Airbus A320 Neo of Avianca at GRU Airport – Guarulhos International Airport, Sao Paulo, Brazil – 2017
DUBAI
(Reuters) – State-owned Qatar Airways on Thursday dismissed concerns
its 49 percent stake in Air Italy breaches a 2018 aviation agreement
between the United States and Qatar, designed to address U.S. concerns
that Gulf airlines had an unfair competitive advantage.
The
U.S is “looking very closely” at the deal after Republicans and
Democrats said on Wednesday they were concerned it violated the
agreement.
Qatar
Airways bought a stake in Italian airline Meridiana in 2017, rebranded
it Air Italy and transformed it into a carrier with five announced
non-stop U.S. destinations from Milan.
Qatar
Airways said the stake was “fully compliant” with the 2018 U.S.-Qatar
Understandings, an additional pact that accompanied the U.S-Qatar Open
Skies agreement.
Since 2015 the largest U.S carriers – Delta Air Lines, American Airlines Group and United Airlines – have argued their Gulf rivals are being unfairly subsidized by their governments, distorting competition.
Gulf
airlines have always denied those accusations and last year separate
voluntary agreements were reached between the U.S. and Qatar, and the
U.S. and the United Arab Emirates to address the concerns. Measures
included the airlines not adding new flights to the U.S.
However,
Air Italy has been flying to New York and Miami since June last year
and was due to start serving San Francisco and Los Angeles from this
month and Chicago in May.
Qatar
Airways said in a statement its investment in Air Italy, which closed
in September 2017, preceded the 2018 agreement but complied with it.
It
said its investments in other airlines were not raised as a point of
concern during the discussions that led to the 2018 agreement and that
the deal does not mention or prohibit cross-border investments.
Qatar Airways also said it did not codeshare on Air Italy’s flights to the U.S. and has no plans to do so.
(Reporting by Alexander Cornwell; Editing by Alexandra Hudson)
(Reuters)
– Two bodies have been recovered from the wreckage of an Amazon Prime
Air cargo plane that nosedived into a bay outside Houston on Saturday,
and a search was ongoing for a third victim, authorities said.
All
three people aboard the Boeing 767 cargo jetliner operated by Atlas Air
Worldwide died in the crash as it approached Houston’s George Bush
Intercontinental Airport, Atlas and Boeing Co said in statements on
Sunday.
Chambers
County Sheriff Brian Hawthorne told a news conference on Sunday that
two bodies had been recovered and the search continued for the third
person as well as the plane’s black boxes.
The
sheriff’s office released a video showing fragments of the aircraft and
cargo littering mudflats after the tide went out in the bay, exposing
more of the crash site.
U.S.
National Transportation Safety Board (NTSB) Chairman Robert Sumwalt
said the agency obtained about five seconds of security video from a
local jail that showed the crash.
“The
aircraft is in the video as it’s descending in a steep descent, a steep
nose down attitude,” Sumwault told the press briefing, adding that
there was no distress call.
Asked
by a reporter if the incident was “anything more than a plane crash,”
Federal Bureau of Investigation Special Agent Perrye Turner said,
“that’s what we have right now.”
The
plane crashed at the north end of Trinity Bay near the small city of
Anahuac, about 20 miles (32 km) southeast of the airport around 12.40
p.m. (1340 EST) after taking off from Miami.
“This
is a sad time for all of us,” Bill Flynn, Atlas Air’s chief executive
officer, said in a statement. “Our team continues to work closely with
the NTSB, the FAA and local authorities on the ground in Houston.”
Atlas Air Worldwide has been operating Boeing 767 freighters on behalf of Amazon following a 2016 deal.
Boeing
said in a statement that it had sent a team to provide technical
assistance to the NTSB as it conducted its investigation.
(Reporting by Andrew Hay in Taos, New Mexico; Editing by Daniel Wallis & Simon Cameron-Moore)
NEW
YORK, Feb 23 (Reuters) – A Boeing 767 cargo jetliner with three people
on board crashed into a bay near Houston’s George Bush Intercontinental
Airport on Saturday, police and officials said.
Atlas
Air Flight 3591 was en route to Houston from Miami when radar and radio
contact with the plane was lost about 30 miles (48 km) southeast of the
airport, the Federal Aviation Administration said in a statement.
The
National Transportation Safety Board (NTSB) will be in charge of the
investigation, the statement said, and FAA investigators were on their
way to the crash site.
The
Chambers County Sheriff’s office said the plane had been located in
Jack’s Pocket, at the north end of Trinity Bay near the small city of
Anahuac, according to a Facebook post by the sheriff’s office.
Ed
Gonzalez, the sheriff of neighboring Harris County, which includes
Houston, said on Twitter his office was sending personnel to help with
the rescue efforts.
Boeing said on Twitter it was aware of reports of an accident involving a 767 in Texas and was gathering more information.
Atlas
Air said there were three people on board the aircraft. “Those people
and their family members are our top priority at this time,” the airline
said in a statement.
The
company, a subsidiary of Atlas Air Worldwide has been operating Boeing
767 freighters on behalf of Amazon following a 2016 deal.
“Our thoughts and prayers are with the flight crew, their families and friends along with the entire team at Atlas Air during this terrible tragedy,” Dave Clark, senior vice president of worldwide operations at Amazon, said in a statement.
(Reporting by Maria Caspani in New York Editing by Paul Simao)
-EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0B
-2018 EBIT margin before special items(1) up 180 bps year-over-year to 6.3%; EBIT margin of 6.2%
-Full year free cash flow(1) of $182M, comprising proceeds from certain transactions, including $1.0B of cash generation in the fourth quarter; full year cash flows from operating activities of $597M
-Strong backlog growth at Business Aircraft and Transportation, with full year book-to-bill ratios(2) of 1.1 at both segments, and a consolidated backlog of $53.1B
-2019 guidance affirmed, clear path to achieve 2020 objectives
Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2018 results, highlighting solid margin growth, improved cash flows and continued progress executing its turnaround plan. The successful entry-into-service of the Global 7500 business jet in the fourth quarter also marked the completion of Bombardier’s heavy investment cycle, a key milestone in the company’s turnaround plan.
“2018 was a year of solid progress,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “We continued to strengthen our business and set a strong foundation for growth. A foundation that includes a refreshed portfolio of best-in-class products, industry-leading backlogs and a more streamlined cost structure, all of which gives us a clear path to achieve our 2020 objectives.”
“As we begin the fourth year of our turnaround journey, Bombardier is a much stronger company,” continued Bellemare. “Our major program risks are retired, our heavy investment cycle is behind us and our franchises are well positioned for growth. For 2019, we are focused on flawless execution of our rail projects, the ramp-up of the Global 7500 and entry-into-service of the Global 5500 and Global 6500. We will also continue to drive financial performance through disciplined capital allocation and improved productivity and efficiency across the organization.”
Bombardier’s 2018 consolidated revenues reached $16.2 billion, reflecting 3% average year-over-year growth across Transportation, Business Aircraft and Aerostructures, excluding currency impact. Book-to-bill ratios(2) at Transportation and Business Aircraft both equaled 1.1 for the year, demonstrating strong demand for Bombardier’s products and services. Bombardier’s consolidated backlog reached $53.1 billion at the end of 2018, supporting future growth targets.
EBIT before special items continued to improve in 2018, increasing 42% year-over-year from $725 million to more than $1.0 billion, the top-end of the company’s guidance. The 6.3% EBIT margin before special items in 2018 represents a strong 330 bps increase since the start of the turnaround plan in 2015, well above the 5-6% range originally targeted. On a reported basis, EBIT increased 235% year-over-year to $1.0 billion, representing a margin of 6.2%.
Bombardier generated $1.0 billion of free cash flow in the fourth quarter of 2018. Full year free cash flow generation equaled $182 million, at the high end of the company’s revised guidance. This amount includes aggregate net proceeds of approximately $750 million from the sale of the Downsview property and the monetization of royalties associated with the previously announced CAE transaction. Cash flows from operating activities amounted to $597 million for the full year, and to $1.3 billion in the fourth quarter. Bombardier ended the year in a solid cash position, with $3.2 billion in cash and cash equivalents.
Selected results
SEGMENTED RESULTS AND HIGHLIGHTS
Business Aircraft
Business Aircraft achieved a historical milestone in December 2018 with the on plan service entry of the largest and longest range industry flagship Global 7500 aircraft. With a strong backlog and unsurpassed performance in its category, the Global 7500 is expected to be Business Aircraft’s key growth driver for years to come.
Revenues, EBIT before special items and deliveries were in line with guidance for 2018.
The segment achieved industry leading deliveries at 137 aircraft for 2018, including 42 Global, 83 Challenger and 12 Learjet.
Continued progress on the aftermarket strategy drove a 14.3% revenue increase year-over-year. Further expansion of our service network was also announced with the groundbreaking for a new centre in Miami, Florida to service U.S. and Latin American customers.
During the year, Business Aircraft unveiled the new Global 5500 and Global 6500 aircraft featuring an all-new Rolls-Royce engine and a newly optimized wing, increasing the aircraft range and fuel burn performance. With flight testing at advanced stages, these performance-leading aircraft are expected to enter into service at the end of 2019.
Commercial Aircraft
In 2018, Commercial Aircraft significantly reshaped its portfolio, focusing on the CRJ Series program and its aftermarket business, while also participating in the growth of the A220 through its partnership with Airbus:
The C Series Partnership (CSALP) with Airbus closed on July 1, 2018, bringing together two complementary product lines and the benefit of Airbus’ global reach, creating significant value potential for the newly rebranded A220.
A definitive agreement was reached with Longview Aircraft Company of Canada Limited for the sale of the Q Series aircraft program assets, including aftermarket operations and assets, for gross proceeds of approximately $300 million, on November 7, 2018. The transaction is expected to close by the second half of 2019, subject to customary closing conditions and regulatory approvals. Net proceeds for this transaction are expected at approximately $250 million net of fees, liabilities and normal closing adjustments.
Revenues and aircraft deliveries for 2018 were in line with guidance on the basis of the deconsolidation of CSALP results from Commercial Aircraft since July 1, 2018.
EBIT loss before special items(11) was $157 million reflecting for the most part losses on the C Series program in the first half of the year and the post-closing CSALP equity pickup. EBIT loss of $755 million includes a $616 million pre-tax accounting charge related to the closing of the CSALP transaction.
Commercial Aircraft continues to actively participate in the regional aircraft market with the established scope-compliant CRJ Series aircraft, with a focus on reducing costs and increasing volumes while optimizing the aftermarket for the large installed base in service around the world today. As the focus is to return the program to profitability, Bombardier also announced in 2018 it is exploring strategic options for the program.
Aerostructures and Engineering Services
Aerostructures and Engineering Services is positioned as a key supplier on early life cycle growth programs, including the new A220 and Global 7500 aircraft, expected to drive sustainable growth.
In 2018, the segment revenues grew 21% year-over-year to $2.0 billion in line with guidance.
Focused execution during the ramp-up of these programs and a one-time favorable item (approximately 50 bps) associated with the closing of the C Series Partnership have enabled to deliver 9.6% EBIT before special items, above its guidance. EBIT margin for the segment was 7.5%.
On February 6, 2019, the Corporation acquired the Global 7500 aircraft wing program operations and assets from Triumph Group Inc., for a nominal cash consideration. This transaction is expected to strengthen Bombardier’s position as a leading aerostructures manufacturer, to enable the company to leverage its extensive technical expertise to support the ramp-up of the Global 7500 aircraft, and to enhance its long-term success. Bombardier will continue to operate the production line and integrate the employees currently supporting the program at Triumph’s Red Oak, Texas facility.
On February 7, 2019, Paul Sislian was appointed President, Aerostructures and Engineering Services. Paul brings more than 20 years of aerospace and industrial experience, including serving most recently as Chief Operating Officer for Bombardier Business Aircraft.
Transportation
On February 7, 2019, Danny Di Perna was appointed President, Bombardier Transportation. Danny brings more than 30 years of industrial experience to this new role. He has a proven record of success leading complex industrial projects and organizations, driving operational efficiency and improving quality. Most recently, Danny led Bombardier’s Aerostructures and Engineering Services segment.
In 2018, Transportation recorded orders totaling $9.9 billion, fueled by a $3.3 billion order intake in the fourth quarter. Book-to-bill(2) reached 1.5 for the fourth quarter, resulting in a 1.1 ratio for the full year, continuing to position the segment for growth in revenues and profitability, supported by strong industry fundamentals.
Order intake for the year reflects project wins across geographies, with notable contract awards in Europe, led by SNCF’s repeat order in France, in Asia led by the Singapore Metro contract, and North America with Airport and Mass transit mobility solutions for Phoenix and Los Angeles.
The backlog reached $34.5 billion as at December 31, 2018. The backlog growth (excluding currency fluctuations) was supported by a stronger mix of platform projects and increasing signalling and service contract orders, consistent with Transportation’s strategy to increase speed-to-market; provide customers with end-to-end solutions; de-risk project execution while also growing margins.
Subsequent to the fourth quarter, in January 2019, Transportation was awarded a contract to supply 113 new generation passenger rail cars valued at $669 million with options for up to 886 additional cars, by the New Jersey Transit Corporation.
Financial performance for 2018 positions Transportation to reach 2019 guidance:
Revenues grew 4% year-over-year to $8.9 billion, in line with guidance, supported by a favourable currency impact in the first half of the year (2% growth excluding currency impact). Services and signalling grew to over 34% of revenues for the year, as increasing focus turns to integrated customer solutions.
EBIT before special items grew to $750 million for the year, representing an 8.4% margin (EBIT of $774 million, or 8.7% margin). Fourth quarter margins before special items were 7.7% (10.9% EBIT margin), as a result of contract estimate adjustments largely associated with a legacy project, resulting in full year margins before special items, slightly below the 8.5% guidance.
As discussed at the Company’s December 2018 Investor Day, Transportation continues to advance a number of legacy projects. The Company has plans in place and is taking actions to finalize system integration, obtain homologation and align delivery schedules with customers. Bombardier expects to substantially complete deliveries on most of these projects and significantly recover working capital through 2019.
As the portfolio continues to improve, Transportation anticipates growing EBIT margins before special items to approximately 9% for 2019, in line with guidance.
CDPQ Investment in BT Holdco
The Company also announced that Transportation’s results in 2018 did not reach the performance targets underlying Caisse de dépôt et placement du Québec’s (CDPQ) investment in BT Holdco. Accordingly, for the 12-month period starting on February 12, 2019, Bombardier’s percentage of ownership on conversion of CDPQ’s shares will decrease by 2.5%, returning to the original 70%; and the preference return entitlement rate on liquidation of its shares will increase from 7.5% to 9.5% for this period. Any dividends paid by BT Holdco to its shareholders during this period will be distributed on the basis of each shareholder’s percentage of ownership upon conversion, being 70% for Bombardier and 30% for CDPQ. These adjustments will become effective once the audited consolidated financial statements of BT Holdco are duly approved by its board of directors.
Headquartered in Montréal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
In keeping with todays architecture theme, reporter India Block picks 10 of the year’s best skyscrapers for our review of 2018, from one sporting a 100-metre-high waterfall to the northernmost tower block in the world.
Towering 170 metres over Milan, the Generali Tower expresses Zaha Hadid Architects’ signature curves in a helical twist that runs through the tower.
No two floors are aligned inside the 44-storey skyscraper, hence the nickname “the twisted one”. Now the city’s third-tallest building, it stands together with Arata Isozaki’s 202-metre high Allianz Tower and the incomplete 175-metre tall PwC tower by Studio Libeskind on Milan’s former expo site.
BOGOTA, Nov 2 (Reuters) – Low-cost airline Viva Air, which operates in Colombia and Peru, is looking to expand its operations to a third country in 2020, its chief executive officer said late on Thursday.
The airline, owned by Irelandia Aviation LLC of Dublin , is spending $5.2 billion to buy 50 Airbus planes which it hopes will help make it the top low-cost carrier in Latin America, chief executive Felix Antelo said at an event in Bogota. It has already obtained seven of those planes.
“Our bases are Colombia and Peru. We’re looking at a third country that we can’t name. In 2019 consolidating Colombia and Peru will be the focus and from 2020 onward we could see a third country,” Antelo said.
Viva Air operates 32 routes in Colombia, Peru and to destinations including Miami with 19 planes and 800 employees.
It will have served 4 million passengers in Colombia and 900,000 in Peru by the end of the year, Antelo said, adding fares within Colombia can be as low as $10 including taxes.
Irelandia Aviation’s low-cost carriers – including Europe’s Ryanair, Asia’s Tiger Airways, Allegiant in the United States and Mexico’s VivaAerobus, have transported more than a billion people.
(Reporting by Luis Jaime Acosta Writing by Julia Symmes Cobb; Editing by David Gregorio)
Southwest ripped American’s proposed rule change that would alter how U.S. airlines handle their routes to Cuba, calling the idea “unprecedented” in an Oct. 10 regulatory filing.
The U.S. opened up the Cuban market a few years ago and allowed airlines to apply for routes. Only 20 daily routes to Havana were allocated to U.S. airlines.
Both American Airlines Group, Inc. (NASDAQ: AAL) and Southwest Airlines Co. (NYSE: LUV) were granted routes. When an airline is awarded a route, it’s tied to that specific city. So, an airline can’t shift its route allocations to different U.S. cities to match demand.
Carnival Vista to take cruise passengers to Havana? Well, sort of. The newest member of the Carnival Cruise Line fleet, the Carnival Vista sailed on her maiden voyage on May 1, 2016. The 13 day European sailing took her guests on a voyage from Venice in Italy to Barcelona, Spain. The ship will continue to operate in the Mediterranean until October, when she will head to New York City. Following 2 departures from New York, the Vista will make its way to her new home base of Miami, Florida in November. The ship will then operate year around, offering passengers Caribbean cruises of 5 to 8 nights. Coming in at 133,500 tons, the new vessel is the largest of the 24 ships in the Carnival fleet. She has room for 3,936 passengers based on 2 per stateroom, with a crew of 1,450.
image from www.carnival.com
Carnival Vista features and amenities
The Carnival Vista will feature a few different motifs for guests to choose from.
Havana – Located at the rear of deck 5, the Havana Bar & Pool will be exclusively available up until 5:00 pm daily to passengers that book a Havana stateroom. After 5:00 pm, anybody can visit the bar and pool area. Havana rooms that are labelled as “balcony” actually have a semi-private patio, with a short gate that separates your private space from the public walkway. All Havana staterooms offer a Cuban décor, and guests in these rooms must be age 12 or older.
Cloud 9 Spa – The best way to enjoy the ships relaxing and invigorating Cloud 9 Spa is by booking a spa stateroom. Guests that choose a Cloud 9 Spa cabin receive private spa access, special amenities, and priority spa reservations. Inside the twin deck Spa you will find a thermal suite with steam chambers, an infrared sauna, and a Turkish bath. The spa also contains a selection of sensory showers that can be programmed with different scents, sights, and sounds. The spa also contains an indoor cycling studio and fitness center.
Family Harbor – Family Harbor staterooms offer an affordable option to keep the whole family close together during your cruise. Located on Deck 2, the Family Harbor Lounge allows the family to hangout with large screen TV’s, games, a free breakfast, and daily ice cream. For kids under 12, the area also includes the Camp Ocean undersea themed play area, a Dr. Seuss Bookville, an interactive HASBRO Game Show, and family oriented comedy performances at the Punchliner Comedy Club.
You can check out a video of the new Carnival Vista at this link: Carnival Vista
