Royal Jordanian chairman Nasser Lozi said (31-Mar-2013) the airline plans to implement a number of strategic plans to optimise the value of the company, including increasing capital from JOD84.3 million (USD119.1 million) to 184.3 million (USD260.4 million). Jordan's Government plans to maintain its 26% ownership in the new capital and the airline is currently studying means to raise the funds. Royal Jordanian president and CEO Amer Hadidi said the carrier's strategy over the next five years is designed to develop sources of revenue other than passenger and cargo services, including providing ground handling and MRO services to other carriers. Mr Hadidi also said the airline plans to modernise its fleet and expand its network to new regional and international markets. Mr Lozi said the carrier's future efforts will be directed towards attracting more passengers, increasing revenues and modernising IT, air and ground systems. The airline also expects to receive the first of 11 Boeing 787s in 3Q2014. [more - original PR]
Royal Jordanian outlines financial, network and fleet plans for next five years
You may also be interested in the following articles...
Global Fleet Outlook: Deliveries peak, as order highs decline.
Airlines are set to add more new aircraft than ever before in 2017. After years of record ordering and building backlogs, aircraft manufacturers are making good on their promises to ramp up production. The industry is enjoying record levels of growth and profitability; with solid passenger market fundamentals, and both airlines and leasing companies having access to ready liquidity, cheap debt and plentiful equity capital, making financing fleet orders easier than at any time before the global financial crisis.
Fleet Report & Outlook 2017
Oriel reviewed its piece written in Jan-2016 and many of its thoughts panned out during 2016. In particular, the growing gap between the values of aircraft sold naked and those transacted with a lease in place. In Oriel’s opinion, this gap has reached unprecedented levels as new lessors and investors seeking yield have fuelled a value bubble for aircraft with leases attached.