Jetstar Hong Kong confirmed (17-Jan-2013) the appointment of Howard Cheung to the role of CFO. Mr Cheung commenced with Jetstar Hong Kong this month and will oversee the finance, IT, legal and procurement functions for the airline. Jetstar Hong Kong chairman Tang Bing said the appointment represents a key step in building a world-class management team for the carrier. Launching in mid-2013, Jetstar Hong Kong will be Hong Kong’s only locally based low fares airline. It expects to create over 600 local jobs within the airline plus hundreds more in local engineering and ground handling suppliers and contribute over HKD8 billion (USD1 billion) to the local economy by the time the airline grows to 18 aircraft in 2015. Prior to joining Jetstar Hong Kong, Mr Cheung was employed by Amcor and Rio Tinto Alcan from 2006 to 2012. As with other members of the Jetstar Hong Kong leadership team, Mr Cheung will be based in Hong Kong. Jetstar has recently made important Hong Kong appointments including a regional marketing manager, regional sales manager and manager crew training. The airline expects to make an announcement regarding the appointment of a CEO within the next month. Subject to regulatory approval, Jetstar Hong Kong will fly to destinations in Greater China, Japan, South Korea and South East Asia. The airline has received more than 2000 applications for pilots and over 1000 applications for locally based cabin crew since expressions of interest opened in Nov-2012. [more - original PR]
Jetstar Hong Kong appoints CFO, CEO announcement to be made in Feb-2013
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Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.
Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines.