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Gol to acquire regional carrier MAP Linhas Aéreos

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GOL Linhas Aéreas Inteligentes S.A. has announced it has entered into an agreement to acquire MAP Transportes Aéreos Ltda. (MAP Linhas Aéreos), a Brazilian domestic airline with flight routes to regional destinations and São Paulo’s Congonhas Airport.

The acquisition reflects the Company’s on-going commitment to expanding the demand for passenger air transportation in Brazil and what its Management perceives to be an unparalleled market opportunity for rational consolidation in the Brazilian aviation market, as the country’s economy recovers from Covid-19.

Photo: Wikipedia.

Founded in 2011, MAP is the fifth-largest Brazilian domestic airline, with a fleet of seven 70-seat ATR 72s that operate on routes in the Amazon region from the Manaus Airport and Brazil’s South and Southeast regions from Congonhas, the country’s largest domestic airport. The realization of this Transaction will reinforce GOL’s leading positioning in two of of its main bases, with growth of approximately 10% at CGH via the addition of 26 daily flights. Thus, the Company will be able to serve new destinations connecting South America’s largest city to historically underserved domestic markets, as the restrictions resulting from the pandemic are reduced or eliminated.

GOL sees three core benefits of the Transaction:

  1. Expansion of New Routes. The Company intends to offer new destinations and routes, complementary to its current network at Congonhas Airport, that will provide a wider range of flight options for passengers and greater convenience for Clients.

    “We believe the GOL network is the most attractive option in Brazil for both business and leisure Clients in terms of the cost, service and availability of flights,” said Edu Bernardes, Vice-president of Sales and Marketing.

  2. Offering Higher Seat Density to Historically Underserved Markets. In addition to expanding to new routes, the Company will provide a substantially higher number of seats per flight than currently available by MAP to these markets. The ATRs will be substituted for larger and more efficient aircraft, giving continuity to GOL’s regional strategy, that today operates on 23 Boeing 737-700s – a model that can be substituted with even more efficient aircraft in the future.

    “By servicing these routes with more modern and larger aircraft, the Company will increase the number of flights and seats from one of the main markets in the country,” said Celso Ferrer, Vice-president of Operations.

  3. Enhancing Cost-Efficient Operations. With unit costs among the lowest in the world, GOL will offer greater efficiency in Congonhas with these new operations. These lower costs enable the Company to offer more competitive ticket prices than any competitor in Brazil to markets typically serviced by competitors with smaller and less efficient aircraft, providing benefits of scale from GOL’s operations.

    “The Transaction is another example that the Company is ready to resume its sustainable growth and investment in Brazilian air transportation, supported by substantially lower operating costs than the competition,” added Richard Lark, CFO.

Transaction Terms and Conditions. MAP will be acquired for R$28 million in cash and stock, to be paid upon satisfaction of all closing conditions, comprised of 100,000 GOLL4 shares at R$28 per share and R$25 million in cash to be paid in twenty-four monthly installments. At closing, the Company will assume up to R$100 million of MAP’s financial obligations. The Transaction closing is subject to certain conditions precedent, including approvals and confirmations by Brazil’s National Civil Aviation Agency (ANAC) and by Brazil’s Administrative Council for Economic Defense (CADE).

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Source: https://worldairlinenews.com/2021/06/09/gol-to-acquire-regional-carrier-map-linhas-aereos/

Aviation

Emirates Reports $5.5 Billion Loss Amid Ongoing Pandemic

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UAE flag carrier and A380 operator extraordinaire Emirates released its annual financial results on Tuesday morning. As expected during COVID, and in particular for an airline so heavily dependent on long-haul and transfer traffic, it makes for grim reading. For its first non-profitable years in over three decades, Emirates reported a loss of AED 20.3 billion (US$ 5.5 billion).

Emirates 777
Emirates has reported an annual loss of $5.5 billion. Photo: Vincenzo Pace | Simple Flying.

Began with zero scheduled passenger flights

In comparison, for the previous year, which ended just on the cusp of world aviation shutting down fleet by fleet, the airline reported a profit of AED 1.1 billion (US$ 288 million). The end of 2018-19, on the other hand, closed with a profit of AED 2.3 billion (U$626 million).

Revenue over the twelve months ending on March 31st declined by 66% to AED 30.9 billion (US$ 8.4 billion), partly attributed to the eight-week total passenger flight suspension in and out of Dubai in late March 2020, which meant zero scheduled flights for the airline.

Emirates’ total passenger and cargo capacity was down 58% to 24.8 billion available tonne kilometers (ATKM). In total, it carried 6.6 million passengers, down by 88% from the year before, and seat capacity was down by 83%.

The airline also reduced its overall fleet by 11 aircraft, as it phased out 14 older planes and took delivery of three new Airbus A380 superjumbos. Emirates let go of nine Boeing 777-300ERs and five A380, which left its total fleet at 259 at the end of March.

Meanwhile, the carrier asserts that its orders for 200 aircraft remain unchanged for now. Emirates also stated that it invested AED 4.7 billion (US$ 1.3 billion) in new aircraft, facilities, and technologies throughout the year.

Emirates suffered tremendously due to the total passenger flight ban in and out of Dubai last spring. Photo: Vincenzo Pace | Simple Flying.

Meanwhile, the total loss for Emirates Groups as a whole was AED 22.1 billion (US$ 6.0 billion). The state-owned Group, which includes Emirates with Emirates SkyCargo, and Emirates Flight Catering, as well as aviation service provider dnata, saw a total decline of revenue of 66% compared to last year’s results, ending at AED 35.6 billion (US$ 9.7 billion). The Group’s cash balance was AED 19.8 billion (US$ 5.4 billion), down by 23%.

Cargo largest revenue contributor

Emirates SkyCargo made the most of the chaotic year and contributed 60% of the airline’s total transport revenue. It took over no less than 19 passenger Boeing 777-300ERs which it modified into what the carrier called ‘mini-freighters’ to meet the rapidly growing demand.

In October, the airline’s cargo division set up a COVID-19 vaccine-dedicated airside hub in Dubai. It also partnered with UNICEF to transport vaccines to developing nations. In total, Emirates SkyCargo ended the year with AED 17.1 billion (US$ 4.7 billion) in revenue – an increase of 53% from the previous twelve months. Freight yield per Freight Tonne Kilometer (FTK) increased by 88%.

Emirates SkyCargo
Emirates SKyCargo contributed 60% of the airline’s total revenue for the year. Photo: Emirates SkyCargo

Workforce shrunk by 31%

Despite leveraging a capital injection of AED 11.3 billion (US$ 3.1 billion) from the Government of Dubai, and an additional AED 800 million (US$ 218 million) for dnata from industry support programs, redundancies were a fact across all parts of the business. Emirates Group had to let go of 31% of its workforce, ending the year with 75,145 employees.

Meanwhile, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates, is confident in his airline’s recovery and future growth.

“Until 2020-21, Emirates and dnata have had a track record of growth and profitability, based on solid business models, steady investments in capability and infrastructure, a strong drive for innovation, and a deep talent pool led by a stable leadership team. These fundamental ingredients of our success remain unchanged. (…) I am confident that Emirates and dnata will recover and be stronger than before.”

How long do you think it will be until Emirates is profitable again? Leave a comment below and let us know. 

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Source: https://simpleflying.com/emirates-5-5-billion-loss/

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Aviation

Former Lufthansa Boeing 707 Parts Set To Be Auctioned

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Want to own a part of aviation history? The auction house Wilhelm Dechow GmbH, or Dechow, will be selling off parts of two Boeing 707s. The next two and a half months will see the auction house catalog parts of the two jets in advance of a September auction. Let’s take a look at the two 707s being disassembled in order to be sold off in pieces.

Pictured here is one 707 that will be sold off in parts. The aircraft held the registration D-ABOD and is located in Hamburg. Photo: redlegsfan21 via Wikimedia Commons 

“As a partner of major institutions of the aviation industry and traditional Hamburg companies, based near Hamburg Airport Helmut Schmidt, we are ensuring a safe landing on the last trip of the Boeing 707s D-ABOD and D-ABOC,” -Dechow

Aircraft dismantling and auction preparation underway

According to Dechow, D-ABOC was fully dismantled last month, and cataloging of auction lots is taking place over June. From there, the company will make preparations for the online auction.

For D-ABOD, the schedule appears to be a month later than the other 707. The aircraft is being dismantled this month, and cataloging of auction lots will take place in July. Preparations for the online auction will happen in August. Parts from both jets will be auctioned off online in September.

While we covered a little bit of the history of these 707s in a previous article, the auction house has given us additional details surrounding the fascinating lives of the two jets.

Before being dismantled, D-ABOC was installed at a roundabout outside Berlin Tegel. Photo: Getty Images

“D-ABOC”: The “Lufthansa” 707 that never flew for Lufthansa

The two 707s have fascinating stories in their own, different ways. However, perhaps the most interesting (and most dramatic) history is that of the aircraft named D-ABOC.

Although the aircraft is painted in a historic Lufthansa livery, the jet never actually flew for Lufthansa. Rather, the 707 now known as D-ABOC actually flew for Israeli operator El Al under the registration 4X-ATB.

It was back in 1970 when hijackers took control of this jet during a flight from Amsterdam to New York. Dechow notes that during this hijacking, the pilot brought the plane into a dive in order to throw the kidnappers to the ground. The risky move proved successful, and security officers onboard were able to overpower the kidnappers.

It looks like the aircraft was eventually purchased by Boeing in the 1980s and presented to the city of West Berlin for its 750th birthday. A historic Lufthansa livery was painted on to recognize the airline’s purchase of its 200th Boeing aircraft.

Although painted in Lufthansa livery, this jet never actually flew for the German carrier. Photo: kitmasterbloke via Flickr 

The interesting history doesn’t stop there, however. Delivery of the gift could not be done easily due to German airlines and German pilots being restricted from Berlin airspace at the time (this was during the Cold War and a divided Germany). To get around this, the aircraft was covered with white stickers and delivered to Berlin Tegel by an American pilot at night.

“Landed there, the stickers were removed and the actual paint job in Lufthansa colors was revealed again,” Dechow states.

After its landing, the aircraft was given the fake registration D-ABOC. A Condor Boeing 757-300 currently holds this registration in reality and has been fairly active in recent weeks.

Stay informed: Sign up for our daily and weekly aviation news digests.

D-ABOD: Aircraft turned movie star

D-ABOD flew regular service with Lufthansa starting in the 1960s. However, the jet would be retired from service in 1975. Its post-passenger-service life saw it become a training aid for Lufthansa mechanics based in Hamburg, as well as being used in several feature films.

The aircraft was even painted to be “Air Force One” in the 1977 film “Twilight’s Last Gleaming” starring Burt Lancaster. Its most recent film appearance was in 2018 in the film “Rocca verändert die Welt,” (“Rocca Changed the World”).

Lufthansa, Boeing 707, Scrapped
Sadly, this aircraft is no longer intact as it has already been dismantled. Photo: Getty Images

Interested in buying a piece of history? While there doesn’t appear to be a precise date for the auction yet, interested bidders can check the auction house’s 707 webpage here. Subscribing to their newsletter might be the best way to keep updated – although speaking German (or knowing how to use a translator) might help with this.

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Source: https://simpleflying.com/lufthansa-707-auction/

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Aviation

Former Lufthansa Boeing 707 Parts Set To Be Auctioned

Published

on

Want to own a part of aviation history? The auction house Wilhelm Dechow GmbH, or Dechow, will be selling off parts of two Boeing 707s. The next two and a half months will see the auction house catalog parts of the two jets in advance of a September auction. Let’s take a look at the two 707s being disassembled in order to be sold off in pieces.

Pictured here is one 707 that will be sold off in parts. The aircraft held the registration D-ABOD and is located in Hamburg. Photo: redlegsfan21 via Wikimedia Commons 

“As a partner of major institutions of the aviation industry and traditional Hamburg companies, based near Hamburg Airport Helmut Schmidt, we are ensuring a safe landing on the last trip of the Boeing 707s D-ABOD and D-ABOC,” -Dechow

Aircraft dismantling and auction preparation underway

According to Dechow, D-ABOC was fully dismantled last month, and cataloging of auction lots is taking place over June. From there, the company will make preparations for the online auction.

For D-ABOD, the schedule appears to be a month later than the other 707. The aircraft is being dismantled this month, and cataloging of auction lots will take place in July. Preparations for the online auction will happen in August. Parts from both jets will be auctioned off online in September.

While we covered a little bit of the history of these 707s in a previous article, the auction house has given us additional details surrounding the fascinating lives of the two jets.

Before being dismantled, D-ABOC was installed at a roundabout outside Berlin Tegel. Photo: Getty Images

“D-ABOC”: The “Lufthansa” 707 that never flew for Lufthansa

The two 707s have fascinating stories in their own, different ways. However, perhaps the most interesting (and most dramatic) history is that of the aircraft named D-ABOC.

Although the aircraft is painted in a historic Lufthansa livery, the jet never actually flew for Lufthansa. Rather, the 707 now known as D-ABOC actually flew for Israeli operator El Al under the registration 4X-ATB.

It was back in 1970 when hijackers took control of this jet during a flight from Amsterdam to New York. Dechow notes that during this hijacking, the pilot brought the plane into a dive in order to throw the kidnappers to the ground. The risky move proved successful, and security officers onboard were able to overpower the kidnappers.

It looks like the aircraft was eventually purchased by Boeing in the 1980s and presented to the city of West Berlin for its 750th birthday. A historic Lufthansa livery was painted on to recognize the airline’s purchase of its 200th Boeing aircraft.

Although painted in Lufthansa livery, this jet never actually flew for the German carrier. Photo: kitmasterbloke via Flickr 

The interesting history doesn’t stop there, however. Delivery of the gift could not be done easily due to German airlines and German pilots being restricted from Berlin airspace at the time (this was during the Cold War and a divided Germany). To get around this, the aircraft was covered with white stickers and delivered to Berlin Tegel by an American pilot at night.

“Landed there, the stickers were removed and the actual paint job in Lufthansa colors was revealed again,” Dechow states.

After its landing, the aircraft was given the fake registration D-ABOC. A Condor Boeing 757-300 currently holds this registration in reality and has been fairly active in recent weeks.

Stay informed: Sign up for our daily and weekly aviation news digests.

D-ABOD: Aircraft turned movie star

D-ABOD flew regular service with Lufthansa starting in the 1960s. However, the jet would be retired from service in 1975. Its post-passenger-service life saw it become a training aid for Lufthansa mechanics based in Hamburg, as well as being used in several feature films.

The aircraft was even painted to be “Air Force One” in the 1977 film “Twilight’s Last Gleaming” starring Burt Lancaster. Its most recent film appearance was in 2018 in the film “Rocca verändert die Welt,” (“Rocca Changed the World”).

Lufthansa, Boeing 707, Scrapped
Sadly, this aircraft is no longer intact as it has already been dismantled. Photo: Getty Images

Interested in buying a piece of history? While there doesn’t appear to be a precise date for the auction yet, interested bidders can check the auction house’s 707 webpage here. Subscribing to their newsletter might be the best way to keep updated – although speaking German (or knowing how to use a translator) might help with this.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://simpleflying.com/lufthansa-707-auction/

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Aviation

GE Aviation And Safran To Develop Engines For Next Gen Passenger Aircraft

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Hosting a press event together on June 14th, GE Aviation and Safran announced their next joint project: The CFM RISE. This will be a next-generation engine designed to consume less fuel and produce lower levels of CO2 emissions. An open fan architecture and hybrid electric capability are among the key features of this new project.

A visualization of what the CFM RISE will look like when installed on future aircraft. Photo: Safran

A focus on sustainability

With decades spent cooperating on bringing CFM engines to market, GE Aviation and Safran will continue to work together far into the future with their next joint project: The CFM RISE program. RISE stands for “Revolutionary Innovation for Sustainable Engines” and is said to be an upcoming ‘disruptive technology’ for future engines.

RISE is targeting a 20% reduction in fuel consumption and CO2 emissions compared to today’s engines. The two companies on Monday declared their intent to be leaders for more sustainable aviation, in line with an industry target to reduce CO2 emissions by 50% by 2050.

In an official statement, GE Aviation’s chief said the following:

“Together, through the RISE technology demonstration program, we are reinventing the future of flight, bringing an advanced suite of revolutionary technologies to market that will take the next generation of single-aisle aircraft to a new level of fuel efficiency and reduced emissions.” -John Slattery, President and CEO of GE Aviation

This new engine concept will have an open architecture without a casing around it. Photo: Safran

No engine casing, hybrid electric capability

So what will allow CFM to attain that 20% reduction in fuel burn? According to the companies, the efficiency achieved by RISE will be enabled by an ‘open fan architecture.’ 

“The open fan architecture eliminates the whole structure that sits around the fan, so you take a lot of weight out. You take a lot of drag out and you get the ultimate propulsive efficiency. It’s impossible to get any better.” -Arjan Hegeman, General Manager of Advanced Technology Operation, GE Aviation via Aviation Week

CFM notes that this engine will deliver the same speed and cabin experience as current single-aisle aircraft.

It is also noted that the program will use hybrid electric capability “to optimize engine efficiency while enabling electrification of many aircraft systems.” Other highlights include:

  • Composite fan blades
  • Heat resistant metal alloys
  • Ceramic matrix composites (CMCs)
  • 100% compatibility with alternative energy sources such as Sustainable Aviation Fuels and hydrogen
CFM is a joint venture between GE Aviation and Safran. Photo: Safran

Entry into service as early as mid-2030s

While it’s always exciting to see what the latest technology will bring to aviation, it should be noted that entry-into-service is over a decade away. In fact, a demonstrator engine isn’t scheduled to begin testing until around the middle of this decade, with flight tests “soon thereafter.” GE Aviation and Safran note that the engine could enter service by the mid-2030s.

What do you think of the CFM RISE and its proposed design and features? Do you think this project will become a reality, and enter service on schedule? Let us know your thoughts by leaving a comment.

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Source: https://simpleflying.com/ge-aviation-safran-new-engines/

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