CAPA News Briefs

CAPA publishes more than 1,000 global News Briefs every week, covering all aspects of the aviation and travel industry. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. The breadth of our coverage means you won’t need any other news sources to monitor competitors and stay informed about the latest developments in the wider aviation sector.

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Below is a sample of the latest news headlines. 426 news briefs have been published for CAPA Members in the past 2 days.

EUROCONTROL reported (18-May-2022) European carriers are turning to pre-pandemic patterns of aircraft utilisation as demand recovers. EUROCONTROL noted the following, for the period between 25-Apr-2022 and 08-May-2022:

InterGlobe Aviation Limited appointed (18-May-2022) Pieter Elbers as IndiGo CEO. Mr Elbers will commence in the role on or before 01-Oct-2022, subject to regulatory approvals. He replaces Ronojoy Dutta, who will retire from the IndiGo CEO role on 30-Sep-2022. Mr Elbers presently serves as KLM Royal Dutch Airlines president and CEO. [more - original PR]

Turkish Airlines announced (17-May-2022) plans to purchase six A350-900 type passenger aircraft. The aircraft are to be delivered in 2022 and 2023. [more - original PR - English/Turkish]

Malaysia Airlines and Qatar Airways expanded (17-May-2022) their codeshare partnership, with plans to add 34 destinations to the existing 62 from 25-May-2022. Customers flying on Malaysia Airlines' new Kuala Lumpur-Doha service will have access to 62 codeshare destinations within Qatar Airways' network to the Middle East, Africa, Europe and North America. Qatar Airways customers travelling from Doha to Kuala Lumpur can transfer to 34 Malaysia Airlines' destinations, including their entire domestic network and key markets in Asia, subject to governmental approval. The enhanced cooperation will also include reciprocal loyalty benefits, allowing Qatar Airways' Privilege Club members to earn and redeem Avios points when flying on Malaysia Airlines, with similar benefits for Malaysia Airlines Enrich members when travelling on Qatar Airways' services. [more - original PR]

Emirates Airline reported (13-May-2022) the following financial highlights for the 12 months ended 31-Mar-2022:

  • Revenue: AED58,282 million (USD15.9 billion), +92.8% year-on-year;
    • Passenger: AED32,917 million (USD9.0 billion), +193.1%;
    • Cargo: AED21,654 million (USD5.9 billion), +26.6%;
  • Total operating costs: AED59,618 million (USD16.2 billion), +29.8%;
    • Fuel: AED13,855 million (USD3.8 billion), +116.6%;
    • Labour: AED8441 million (USD2.3 billion), +7.8%;
  • Operating profit (loss): (AED438 million) (USD119.3 million), compared to a loss of AED15,021 million in p-c-p;
  • Net profit (loss): (AED3834 million) (USD1.0 billion), compared to a loss of AED20,300 million in p-c-p;
  • Total assets: AED149,984 million (USD40.8 billion);
    • Cash and cash equivalents: AED3966 million (USD1.1 billion);
  • Total liabilities: AED129,671 million (USD35.3 billion). [more - original PR]

Finnair, via its official website, announced (16-May-2022) it lifted the requirement to wear face masks onboard its flights, unless required by the authorities of the destination or origin country. The carrier confirmed mandatory mask wearing will continue to and from the following countries, in accordance with their regulations:

The carrier outlined Cyprus, Israel, Portugal and Spain do not have a facemask requirement when leaving the country.

SMBC Aviation Capital reached (16-May-2022) an agreement with NWS Holdings and Chow Tai Fook Enterprises to acquire Goshawk Aviation for an enterprise value of USD6.7 billion. Details include:

  • The combined business will continue to operate as SMBC Aviation Capital and will consist of a single corporate structure incorporated in Ireland, with headquarters in Dublin. The transaction is subject to regulatory approvals and other closing conditions and is expected to close in 2H2022;
  • SMBC will acquire a portfolio of 176 owned and managed aircraft. The combined fleet will include 709 owned and managed aircraft, 82% of which are narrowbody aircraft, with another 261 A320neo and Boeing 737 MAX aircraft on order valued at USD13 billion;
  • The acquisition will expand SMBC's total assets to approximately USD37 billion, including its order book;
  • Any Goshawk aircraft that are located in Russia and subject to EU sanctions are excluded from the transaction;
  • The acquisition will add 24 new airline customers for SMBC;
  • The transaction will be financed through a combination of debt and equity. Debt financing will be sourced from SMBC shareholders and the bank and capital markets. Equity will be provided by Sumitomo Mitsui Financial Group and Sumitomo Corporation;
  • SMBC stated the transaction "will create the largest Japanese owned aircraft lessor and the second largest global player by number of aircraft".

SMBC Aviation Capital CEO Peter Barrett stated: "The combined business will continue to have a disciplined focus on young, liquid, most in demand narrowbody aircraft". He added: "We are undertaking this transaction at a strategic point in the cycle with a strong recovery building across the global airline industry and we expect the transaction to be accretive to SMBC Aviation Capital's return on capital". [more - original PR - SMBC] [more - original PR - Goshawk] [more - original PR - NWS]

Shanghai Pudong International Airport reported (17-May-2022) the following traffic highlights for Apr-2022:

  • Passengers: 42,600, -98.9% year-on-year;
    • Domestic: 8300, -99.8%;
    • International: 27,700, -54.5%;
    • Regional: 6600, -89.9%;
  • Cargo: 111,600 tonnes, -70.0%;
    • Domestic: 2000 tonnes, -91.2%;
    • International: 89,900 tonnes, -71.0%;
    • Regional: 19,700 tonnes, -50.4%;
  • Aircraft movements: 3520, -90.7%;

Russia's Minister of Transport Vitaly Savelyev stated (13-May-2022) 1182 of 1285 aircraft operating in Russia were registered in the country. Work on the reregistration of aircraft continues on a daily basis. [more - original PR - Russian]

Queenstown Airport announced (16-May-2022) after 330 days without a scheduled international service, Qantas plans to resume Sydney-Queenstown service on 23-May-2022. Qantas is the first airline returning to the Queenstown trans-Tasman route, followed by Jetstar on 02-Jun-2022 and Air New Zealand on 24-Jun-2022. Virgin Australia is planning to re-start services to Queenstown in Nov-2022. Queenstown Airport CEO Glen Sowry says the airlines are seeing strong demand from Australia and activity into Queenstown was predicted to ramp up significantly as winter approaches. Mr Sowry says winter capacity on domestic routes is similar to 2021. [more - original PR]

TATA Group appointed (12-May-2022) Campbell Wilson as Air India CEO and MD. Mr Wilson presently serves as Scoot CEO. [more - original PR]

ALAFCO delivered (12-May-2022) the first of four A350 aircraft to Italia Trasporto Aereo (ITA Airways), at Rome Fiumicino Airport on 11-May-2022. The aircraft is configured in a two class layout with 33 seats in business and 301 in economy. The lease period for all four aircraft is 12 years. The carrier will commence service with the aircraft in early Jun-2022, on its new routes from Rome to Los Angeles, Buenos Aires and Sao Paulo. [more - original PR] [more - original PR - Airbus]