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Happy 100th Birthday, Qantas Airlines!

Queensland and Northern Territory Aerial Services (QANTAS) today marks 100 years since it was founded in the Australian outback.

On 16 November 1920, two veterans of the Australian Flying Corps, Hudson Fysh and Paul McGinness, together with local grazier Fergus McMaster, founded what would later become the national carrier.

This happened just 17 years after the first powered flight by the Wright Brothers, two years after the end of World War One and at the tail end of the last major global pandemic, the Spanish Flu.

The new airline focused on conquering the “tyranny of distance” that was a major barrier to the growth of modern Australia. Its early chances of success were uncertain, to the point early backers called their investment “a donation”.

Initially carrying mail between outback towns, the airline was flying passengers to Singapore by the 1930’s. By the end of the 1940’s its strategic importance saw it nationalised and in the 1960’s, it was an early adopter of the jet aircraft that mainstreamed global travel. Qantas invented business class in the 1970’s, switched to an all-747 fleet in the 1980’s, was privatised in the 1990’s, founded Jetstar in 2004, went through major restructuring in 2014 and, by 2020, had recently completed several important ‘firsts’ in non-stop travel to Europe and the US.

Qantas is the oldest continuously-operating airline in the world and the only one that (normally) flies to every single inhabited continent on earth.

Planned centenary celebrations have been significantly scaled back due to the impact of COVID-19, but Qantas will still mark the occasion with a low-level flyover of Sydney Harbour on the evening of its anniversary.

The flight path is expected to pass near Rose Bay where our Empire Flying Boats took off for Singapore between 1938 and 1942.

Qantas Chairman, Richard Goyder, said: “The history of Qantas shows it’s no stranger to a challenge or a crisis. That’s often when its role as the national carrier has really come to the fore.

“We want to use this moment to say thank you to all those who have supported Qantas over the years. And, in particular, to the many people who have dedicated some or all of their careers to this great company.”

Qantas Group CEO, Alan Joyce, said: “Around the world, Qantas is probably best known for its safety record, endurance flying and long list of aviation firsts. But for Australians, there’s nothing quite like seeing the flying kangaroo at the airport, waiting to take you home. We hope to be doing a lot more of that in the months and years ahead.”

After Tesla’s Record Year in Norway, Rivals Gear Up for 2020

FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in Cardiff, California

OSLO (Reuters) – The sale of new electric cars in Norway rose by 30.9% last year amid soaring demand for Tesla Inc’s <TSLA> vehicles, but the pioneering U.S. firm faces rising competition from rival auto makers in 2020.

Fully electric cars made up 42.4% of sales in the Nordic nation last year, a global record, rising from a 31.2% market share in 2018 and just 5.5% in 2013, the Norwegian Road Federation said on Friday.

Seeking to become the first country to end the sale of fossil-fueled cars by 2025, Norway exempts battery-powered vehicles from the taxes imposed on petrol and diesel engines.

This year, as many as six in 10 of all new cars sold in the country could be fully electric, said Volkswagen <VWAPY> distributor Harald A. Moeller AS, which is preparing to launch several models in 2020.

“The electrification of the car market is accelerating … we forecast electric vehicles to hold a 100% market share in 2025,” the importer said of the outlook for Norway.

The country’s best-selling car in 2019 was Tesla’s mid-sized Model 3 sedan, which retails from 384,900 Norwegian crowns ($43,721.74), racking up an 11% market share in the California-based firm’s first attempt at addressing the mass market.

(Reporting by Victoria Klesty and Lefteris Karagiannopoulos, writing by Terje Solsvik, editing by Gwladys Fouche)

Aircraft Lessor Aircastle to be Bought in $2.4 Billion Deal

Nov 6 (Reuters) – Aircastle Ltd said on Wednesday Japan’s Marubeni Corp and Mizuho Leasing Co Ltd had offered to buy the aircraft lessor in a deal valued at $2.4 billion, ending a nearly two-week long strategic review of its business.

Shares of the company rose 16% to trade in line with the offer price of $32 per share. Marubeni, the company’s largest shareholder, has a 29% stake in Aircastle as of Oct. 23 that is currently valued at about $600 million.

Aircastle, which owned and managed 277 aircraft in 48 countries as of Sept. 30, counts American Airlines, Southwest Airlines and United Airlines among its customers.

Airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India’s Jet Airways, British travel group Thomas Cook and Avianca of Brazil, adding pressure on aircraft leasing companies.

Fitch Ratings said in September that it expects the sector to worsen in the medium term with a potential rise in airline bankruptcies, further aircraft repossessions and increased financing costs. (http://bit.ly/2qrjaG5)

The deal, which is valued at $7.4 billion including debt, is expected to close in the first half of 2020, Aircastle said.

Citigroup Global Markets Inc will serve as financial adviser to Aircastle.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva)

Lufthansa Group Welcomes More Than 14.1 Million Passengers in August, 2019

  • Number of passengers rises by 2.9 percent year-on-year
  • Capacity utilisation up by 0.8 percentage points to 87.2 percent
  • Strongest passenger growth at Zurich hub

In August 2019, the Lufthansa Group airlines welcomed more than 14.1 million passengers. This shows an increase of 2.9 percent compared to the previous year’s month. The available seat kilometres were up 1.8 percent over the previous year, at the same time, sales increased by 2.7 percent. In addition as compared to August 2018, the seat load factor rose by 0.8 percentage points to 87.2 percent.

Cargo capacity increased by 8.9 percent year-on-year, while cargo sales increased by 1.5 percent in revenue tonne-kilometre terms. As a result, the Cargo load factor showed a corresponding reduction, decreasing by 4.2 percentage points to 58.8 percent. 

Network Airlines with around 10.2 million passengers

The Network Airlines including Lufthansa German Airlines, SWISS and Austrian Airlines carried around 10.2 million passengers in August – 3.3 percent more than in the prior-year period. Compared to the previous year, the available seat kilometres increased by 3.1 percent in August. The sales volume was up by 4.0 percent over the same period, with an increasing seat load factor by 0.7 percentage points to 87.3 percent. 

Strongest passenger growth at Zurich hub 

In August, the strongest passenger growth of the network airlines was recorded at the Zurich hub with 7.0 percent. The number of passengers increased by 4.7 percent in Vienna and by 4.5 percent in Munich. In Frankfurt the number of passengers on the contrary decreased by 0.9 percent. The underlying offer also changed to varying degrees: In Munich the offer increased by 12.1 percent, in Zurich by 2.6 percent and in Frankfurt by 0.3 percent. In Vienna the offer decreased by 1.0 percent. 

Lufthansa German Airlines transported more than 6.6 million passengers in August, a 1.8 percent increase compared to the same month last year. A 4.0 percent increase in seat kilometres corresponds to a 4.8 percent increase in sales. The seat load factor rose by 0.7 percentage points to 86.8 percent. 

Eurowings increases supply and sales on short-haul routes

Eurowings (including Brussels Airlines) carried around 3.9 million passengers in August. Among this total, around 3.6 million passengers were on short-haul flights and 309,000 flew on long-haul flights. This corresponds to an increase of 1.8 percent compared with the previous year, resulting from an increase of 2.8 per cent on short-haul flights and a reduction of 8.1 per cent on long-haul flights. A 3.5 percent decrease in capacity was offset by a 2.3 percent decrease in sales, resulting in an increase of seat load factor by 1.0 percentage points to 87.0 percent.

In August, the number of seat-kilometres offered on short-haul routes was increased by 1.5 per cent, while the number of seat-kilometres sold increased by 3.5 per cent over the same period. This results in a seat load factor of 87.1 per cent, which is 1.7 percentage points higher on these flights. On long-haul flights, the seat load factor decreased by 0.4 percentage points to 86.6 per cent over the same period. The 13.4 per cent decrease in capacity was offset by a 13.8 per cent decrease in sales.