UK regional airline Eastern Airways is “exactly on track, or slightly ahead” of projections for this year, according to COO Chris Holliday. Although he attributes continued profitability to tight financial controls, Eastern has “always been extremely focused on costs,” he said.
A new jet ownership and charter business called JetSuite is preparing to take delivery of its first Phenom 100 next April and has unveiled details about its business model.
During a quarter in which all the big publicly traded regional airlines turned a handsome profit, it came as little surprise that Atlantic Coast Airlines led the pack, as the Sterling, Va.-based carrier prepared to embark on the most ambitious, and perhaps riskiest, undertaking in its 14-year history.
Speaking on the sidelines about FlyDubai’s order announcement for 50 Boeing 737-800s on Monday, Emirates Airline deputy chairman Maurice Flanagan made it clear that his airline hasn’t suffered from the business woes about which other airlines are complaining. “There has been no downturn whatsoever,” said Flanagan here at Farnborough. “We have exceeded our revenue forecast. It is an exciting situation.”
New United Arab Emirates low-cost carrier FlyDubai kicked off firm order announcements at this year’s Farnborough International yesterday morning with a $4 billion purchase of 50 CFM56-7B-powered Boeing 737-800s. It also plans to lease an additional four machines from Babcock & Brown Aircraft Management. Under the terms of the contract, FlyDubai may convert orders for the aircraft to 737-900ERs.
Jet fuel prices are soaring, capital markets are drying up, Western economies at best are stalled and defense budgets are under threat as shrinking tax bases swell national debts to unsustainable levels. But you won’t find many prophets of doom among the top aerospace executives gathered here for the 2008 Farnborough International show.
If Airbus COO customers and chief commercial officer John Leahy ever met a paying customer he didn’t like, it certainly wasn’t one of the world’s big aircraft lessors, whose strong balance sheets look all the stronger at a time soaring fuel costs eat away at profits of the world’s airlines.
The European Commission (EC) has issued long-awaited slot-allocation reforms that would allow slot coordinators to exclude aircraft “below a certain size” from airports and give lower priority to scheduled air routes on which “satisfactory service by other means of transport [such as road and rail] exists.” The proposals, published June 28, have provoked furious opposition from the European Regions Airline Association (ERA), which has accused
Blink has set the bar pretty high for itself in pledging to radically overhaul the business model for air taxi services in Europe with a fleet of Cessna Citation Mustang very light jets (VLJs). Its goal is little short of achieving the Holy Grail for the executive charter market: drastically reducing empty leg positioning flights.
“If you can’t beat them, join them” might well have been the theme for a debate on the challenge posed by the so-called no-frills carriers during last month’s general assembly of the European Regions Airline Association (ERA) in Salzburg, Austria.