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Etihad takes delivery of A330-200F aircraft; Air Arabia selects Thales

Analysis

Unlisted Etihad Airways has taken delivery of the first of two USD195 million A330-200F aircraft at Abu Dhabi International Airport on 08-Aug-2010. Senior VP of Etihad Crystal Cargo, Roy Kinnear, stated "cargo has grown from 12% of Etihad's overall business to more than 15% in the past year". The freighter will commence service on 01-Sep-2010 to Abu Dhabi from Beijing, Hong Kong, Tripoli, N'djamena, Nairobi, Milan and Frankfurt.

Summary
  • Etihad Airways has received the first of two A330-200F aircraft, expanding its cargo capacity by 16%.
  • Cargo now accounts for over 15% of Etihad's overall business, up from 12% in the past year.
  • The new freighter will operate on routes from Abu Dhabi to Beijing, Hong Kong, Tripoli, N’djamena, Nairobi, Milan, and Frankfurt.
  • Etihad plans to add a second A330-200F in September and a B777 freighter in June 2011, bringing its freighter fleet to at least six aircraft.
  • Air Arabia has chosen Thales to supply avionics systems for its 44 new A320 aircraft.
  • South Africa had a public holiday on August 9, 2010.

A second A330-200F, to be delivered in Sep-2010, will join the aircraft on the routes from 01-Oct-2010 and in Jun-2011, Etihad will take delivery of a B777 freighter, bringing its fleet of freighters to six aircraft at least. With the two A330-200Fs, Etihad's cargo capacity will grow by 16%. Airbus has 64 A330-200F on order from 10 different customers. Etihad is the launch customer for the aircraft.

Air Arabia (-0.9%) reportedly selected Thales to supply an avionics package including Flight Management Systems (FMS), and Traffic, Terrain and Transponder Collision Avoidance System (T3CAS) for its 44 new A320 aircraft.

Selected African and Middle Eastern airlines share price movements (% change): 09-Aug-2010

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