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CAPA Airline Leader Summit - Airlines in Transition 2024

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7-8
Mar
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Granada: CAPA Airline Leader Summit - Airlines in Transition 2024

The lead event in CAPA’s 2024 global summit series, the Airline Leader Summit - Airlines in Transition examines the most challenging aspects of the global aviation recovery as air travel exits the pandemic era.

CAPA Airline Leader Summit Americas 2024

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9-10
May
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Calgary: CAPA Airline Leader Summit Americas 2024

CAPA returns to North America in 2024 with the CAPA Airline Leader Summit – Americas. To be held in Calgary (Canada) over 9-10 May 2024, the summit will provide unparalleled insight into the strategic landscape of a region that is of vital importance.

Recorded at CAPA Membership Videos, 26 Feb 2024

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63 news items were published to CAPA Members in the past two days. What could you be missing?
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Norse Atlantic Airways entered (26-Feb-2024) into an agreement with Air Peace for an ACMI charter service. The collaboration "marks the beginning of a strategic partnership aimed at providing air travel solutions between London and Lagos". Commencing in Apr-2024, initially for a period of two months with the potential for a longer term agreement, the London Gatwick-Lagos ACMI charter will operate four times weekly. Norse Atlantic Airways will be using slots at London Gatwick allocated to Air Peace to facilitate the new route. [more - original PR]

Hi Fly completed (22-Feb-2024) the first check flight of A380 (9H-GLOBL) at Mojave Air and Space Port, California. As previously reported by CAPA, Global Airlines selected Hi Fly to collaborate on the development and maintenance of the four A380 aircraft Global has agreed to acquire. Hi Fly is providing its experience with the aircraft to support Global to accelerate its entry into service (EIS) and return to service (RTS) processes for the aircraft. [more - original PR]

Capital A stated (22-Feb-2024) AirAsia aims to become "the world's first low cost network carrier", leveraging its multi-hub strategy with airlines in Malaysia, Indonesia, the Philippines and Thailand, with Cambodia to follow "soon". Details include:

  • The company plans to expand its narrowbody fleet with the introduction of the A321XLR and explore opportunities with the A321LR, which will gradually replace its A320s. CEO Tony Fernandes said: "These new specification aircraft will enable greater flexibility on existing short to medium haul routes and network expansion to places we have never flown before", including markets such as North Asia, Australia and Central Asia. AirAsia will resume A321neo deliveries in Jun-2024;
  • Mr Fernandes said the group plans to expand its medium to long haul network with its A330 fleet, including introduction of the A330neo, to destinations such as London, Paris, Amsterdam, Bratislava, Barcelona, Copenhagen, Cairo, Nairobi, Cape Town, New York, Miami, Toronto, San Francisco, Los Angeles and Vancouver. The airline aims to serve the North American east coast via Europe and the west coast via Japan.

Capital A has an order book of 647 Airbus aircraft, comprising 612 A320 Family and 35 A330 Family aircraft. 362 A321neos, 20 A321XLRs and 15 A330neos are scheduled to be delivered to the carrier over the next decade. [more - original PR]

Rolls-Royce announced (22-Feb-2024) engine flying hours (EFH) for its civil aerospace segment rose 36% year-on-year to reach 88% of 2019 levels in 2023. Approximately 700 large engines were ordered in 2023, which was the highest annual figure since 2007. Major orders were received from clients including Air India, Emirates Airline and EVA Air. [more - original PR]

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23-Feb-2024 12:24 PM

Air Astana Group completes IPO

Air Astana Group completed (15-Feb-2024) its IPO. Details include:

  • The IPO was achieved simultaneously on the Kazakhstan Stock Exchange, Astana International Exchange and London Stock Exchange;
  • The total deal size for the IPO was USD370 million (assuming full exercise of the overallotment option), valuing Air Astana Group at approximately USD847 million;
  • The IPO of the group was oversubscribed through support by local Kazakh investors, both retail and institutional, in addition to the international investor community. Local investors received 58% of the offering with international investors receiving 42%;
  • Existing shareholders sovereign wealth fund Samruk-Kazyna JSC and BAE Systems sold shares, reducing their shareholdings to 41% and, assuming the over allotment option is exercised in full, to 15.3%;
  • As part of the IPO, Air Astana Group raised USD120 million primary proceeds to accelerate the next stage of its growth.

President and CEO Peter Foster said: "This IPO has been carefully constructed to ensure Kazakh investors receive the majority of the offering while also raising capital from the international markets". [more - original PR]

flydubai CEO Ghaith Al Ghaith announced (22-Feb-2024) the carrier surpassed pre-pandemic levels in 2023 to achieve the most profitable year in the history of the airline. The carrier launched 17 services, expanding its network to 122 destinations in 52 countries. [more - original PR]

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CAPA-Envest Global Airline Sustainability Benchmarking & Rating Report 2023

This report aims to benchmark the performance of the world’s major airlines – to understand their relative carbon emission quantity and intensity with respect to passenger and freight transport.