standard

Ryanair becoming more of an easyJet

easyJet’s inaugural flight on 10 November 1995, from Luton to Glasgow with flight number EZY121, marked the dawn of the era of no-frills flying, and the birth of a new British aviation icon. Two decades later, as the airline celebrates its 20th anniversary, it has grown to be United Kingdom’s biggest carrier by market share. Results […]

Read More
standard

The rise of Chinese aircraft lessors

There is an age-old saying in the transport business, “If it flies or floats, you should rent it.” Traditionally, airlines have bought their planes outright, even if a significant portion of these deals were arranged as “finance leases”, with the installments spruced up as rent payments in order to make them more tax-friendly. Back in […]

Read More
standard

Tackling 787 cash burden will unlock Boeing’s earnings potential

737 MAX will meet 14% block fuel burn reduction target by 2020: sources 777X fuselage material not chosen; corrosion drives Al-Li study more than weight Al-Li shaves 2-3% of empty weight off 777X fuselage ~230 empty 777 slots till 2020 will put considerable pressure on margins 36 empty slots in 2017, 68 in 2018, 71 […]

Read More
standard

Is Singapore Airlines getting its mojo back?

SIA’s return on capital employed (ROCE) collapsed from pre-GFC threshold of 8% SIA’s break-even load factor below its actual L/F in 12 of past 15 quarters Premium economy progress partially offset by initial launch pricing A380’s first C3 check offers excellent PEY introduction timing SIA should retrofit New Business & New Economy classes on A380s as […]

Read More
standard

Boeing eyes 2018 launch for New Small Airplane

2018 launch, 2024/25 entry into service: internal target CFM, Rolls-Royce & Pratt & Whitney started work: sources “No moonshots”: CNRP not an option, CFRP fuselage eyed Out-of-autoclave (OoA) technology key enabler for NSA 4,000nm, 200-seat mission for NSA 737 MAX 9’s 286 orders lag A321neo’s 709; 737-900ER’s 515 lag A321ceo’s 1,545 737 MAX has 2,412 […]

Read More
standard

The ‘Virginisation’ of Australian Aviation

Qantas still dominant with 80%+ corporate revenue share Virgin has 31 “full switch” corporate account wins in FY14 Qantas Domestic FY15 Q1 capacity share 63.6% & pax. share 62.3% Virgin FY15 Q1 RPK share 36.8% & pax. share 37.8% Depreciating A$ helps close international cost gap by ~4%: estimate 787-9 a Qantas International priority Qantas […]

Read More
standard

Boeing’s NSA could feature game-changing technologies

A320neo outsold 737 MAX by 9.3% at same stage Advanced Technology winglet reduces fuel burn by 1.8% on 3,000nm mission A320ceo with Sharklet narrows market value gap with 737NG 737 MAX still leads A320neo in COC narrowly DLR: Difficult to make small twin-aisle work Avolon: average seat count rising to 198 seats by 2032 Open-rotor […]

Read More
standard

It’s about Qantas.

No. of international passengers up 88.2% in 10 years Tourism’s contribution to Australia GDP increased by 32.1% in 10 years Argument on Qantas cannot be matched in providing ‘positive externalities’ unfounded Virgin Australia a disruptive force, not a distortion Qantas must abolish 65% “line in the sand” strategy Qantas Group’s domestic share slid to 61%, […]

Read More
standard

Airbus is still name of the game

It is no surprise when the European Aeronautic, Defence & Space Co. (EADS) announced on 31st July that it will be renamed as the Airbus Group beginning January 1st, 2014, given the world’s second-largest plane-maker accounted for 71.9% of EADS’s €26.3 billion 2013 first-half revenue and 73.7% of EADS’s earnings before interest and tax (EBIT) of €1.48 billion.

But beneath the

Read More
standard

Singapore Airlines reaches a make or break point

It sounds all too familiar when Singapore Airlines (SIA) reported yet another disappointing quarterly results blaming on high fuel prices, stiff competition and an anaemic global economic recovery for its lacklustre financial performance, which managed to increase its FY2013/14 first-quarter net profit by 56% year-over-year to S$121.8 million (US$96.7 million) only through a S$336 million gain in the sale of

Read More