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Emirates Group chairman and CEO Ahmed bin Saeed Al Maktoum stated (15-Nov-2018) he anticipates the next six months will be "tough", however the group's foundations "remain strong". He stated the airline's hub in Dubai continues to attract travel demand, with 9% more customers enjoying Dubai in H1FY2018/19. The airline expects the demand to remain healthy as new attractions come online and the city gears up for Dubai Expo 2020. Moving forward, Emirates is "firmly" focused on business sustainability, and "we will do this by being agile to capitalise on opportunities, and investing to serve our customers even better with high quality products that they value". [more - original PR]

Shannon Group CEO Matthew Thomas forecast (13-Nov-2018) the west of Ireland will be without "critical EU connectivity" in a post Brexit situation. Shannon Airport currently has UK hub connectivity through London Heathrow and is welcoming Government support to implement "a strategic route development fund and regional tourism targets". Mr Thomas said the hub "provides the air access needed to grow tourism numbers, conduct business and attract FDI investment from Europe". [more - original PR]

Air Mauritius Group reported (14-Nov-2018) the following financial highlights:

  • Three months ended 30-Sep-2018:
    • Revenue: EUR146.2 million, +7.0% year-on-year;
    • Operating expense: EUR141.5 million, +23.3%;
      • Fuel: +51%;
    • Operating profit (loss): (EUR2.4 million), compared to a profit of EUR14.8 million p-c-p;
    • Net profit (loss): (EUR2.8 million), compared to a profit of EUR11.8 million in p-c-p;
    • Passengers: 464,689, +8.8%;
    • Passenger load factor: 81.3%, +0.6ppt;
  • Six months ended 30-Sep-2018:
    • Revenue: EUR268.2 million, +5.9%;
    • Operating expense: EUR272.7 million, +21.5%;
      • Fuel: +44%;
    • Operating profit (loss): (EUR19.7 million), compared to a profit of EUR15.1 million in p-c-p;
    • Net profit (loss): (EUR17.7 million), compared to a profit of EUR6.6 million in p-c-p;
    • Passengers: 867,733, +7.1%;
    • Passenger load factor: 79.3%, stable;
    • Total assets: EUR371.5 million;
      • Cash and cash equivalents: EUR18.4 million;
    • Total liabilities: EUR292.6 million. [more - original PR]

Hellenic Civil Aviation Authority reported (15-Nov-2018) the following passenger traffic highlights at Greece's airports:

  • Oct-2018: 
    • Passengers: 5.7 million, +8.8% year-on-year;
      • International: 1.8 million, + 7.5%;
    • Aircraft movements: 47,650, +13.1%;
  • 10 months ended Oct-2018:
    • Passengers: 58.7 million, +9.9%;
    • Aircraft movements: 483,341, +9.6%;

Western Sydney Airport CEO Graham Millett announced (15-Nov-2018) Arup has been appointed to deliver airport planning services for Western Sydney Airport. In addition, the airport shortlisted three organisations for initial earthworks:

  • CPB Contractors and Lendlease JV;
  • Ferrovial Agroman and QH & M Birt JV;
  • Salini Impreglio.

The contract for the first bulk earthworks package is expected to be awarded in mid 2019. The airport confirmed there are four remaining major works packages that will be released to market progressively, including earthwork on the southern half of the site, terminal and runway construction, and landside construction such as offices and car parks. [more - original PR]

Amadeus group environmental officer Lucas Bobes, via the company's official blog, stated (15-Nov-2018) the company is fully committed to supporting the UN's vision of sustainability, having "embraced sustainability as an important part of who we are, not only because it makes business sense, but also because it's the right thing to do". Mr Bobes said "transformation" is needed in travel and tourism to contribute as much as possible to the UN's sustainable development goals by 2030. He highlighted the need to continue to foster technology which contributes to the sustainability of the travel industry, as well as cooperation between industry stakeholders on sustainability projects. [more - original PR]

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China's Belt & Road Initiative and Aviation

Issue 45
  • A massive global initiative: aviation legacy could entrench liberal market access
  • Airports recovering from airline consolidation
  • Fleet changes as airlines reevaluate
  • Russia’s RoI on USD15 billion World Cup investment
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