RAK Airways confirmed plans to resume services from 10-Oct-2010 with the carrier to initially offer scheduled services to Jeddah and Calicut (Bloomberg/Arab News/Reuters, 26-Sep-2010). The airline is leasing two B737-400s but added that it would consider purchasing four B737-800 aircraft after a year of operations. RAK Airways launched operations early 2007, but suspended scheduled services in May-2009 due to the global financial crisis. RAK Airways plans to launch services to at least five destinations within a year, with destinations in the GCC, Levant, Indian Subcontinent and CIS under consideration. Fares will be priced from AED10 (USD2.70), although the carrier stated it is not an LCC. RAK Airways stated has no plans for an IPO, with no change in the company's ownership which predominantly consists of private shareholders. The carrier, which will be the UAE's fifth airline, stated it hopes to reach break even in the first year.RAK Airways: “Conditions have markedly improved lately to the point where international passenger demand has soared. The time is right for us to make a spectacular re-entry into the market,” Sheikh Omar Bin Saqr Al Qassimi, Chairman. Source: Bloomberg, 26-Sep-2010.
RAK Airways to resume operations from 10-Oct-2010
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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.
Europe summer 2017 airline capacity outlook: fifth successive summer of above trend seat growth
Airline seat growth from Europe in summer 2017 is set to stay at almost 6% for the third successive summer, according to data from OAG. This rate had not previously been reached since 2010, although this will be the fifth straight summer of growth ahead of its 10 year average rate. The summer 2017 season started on 26-Mar-2017 and, although always subject to further change, the data give a fairly clear picture.
Seat capacity on routes from Europe to Africa will grow the fastest, as the region recovers from a terrorism related drop in demand in North Africa. There will also be above trend growth in almost every other region from Europe (including intra Europe). The only exception is Europe-Middle East, where the newly cautious Gulf airlines' growth is slowing this summer.
On the North Atlantic, always important for the profitability of Europe's leading legacy airlines, growth will be faster than its 10 year trend, but it will at least be a little slower than in the past summer. The loss of market share from the immunised North Atlantic JVs to newer and smaller competitors, including LCCs, is set to continue. As ever, the OAG capacity data provide a window into the changing structure of the airline markets from Europe.