AIRLINE BRIEFS NEWS FROM AROUND
Onex, a private equity firm, announced
the purchase of Canada’s
second-largest airline WestJet for
$3.7 billion including assumed
debt. The transaction will take
WestJet private in an all-cash deal
worth Can$31 a share, or 63 percent
over the average for the past
20 days of trading on the stock
market.
Westjet shareholders and government
regulators must agree. A
shareholder vote is scheduled for
July. and deal to be finalized 2019
or early 2020.WestJet was founded
in 1996 as a low-cost carrier that
now flies about 180 planes to more
than 100 destinations in North
and Central America, the Caribbean
and Europe.
Munich Airport. The Port Authority
of NYNJ approved Munich Airport
International GmbH (MAI) to operate
and maintain the new $2.7-billion
Terminal One, which is replacing
outmoded Terminal A as part
of the agency’s ongoing commitment
to a world-class Newark Liberty
International Airport.
The board vote authorizes MAI,
beginning in 2019, to manage operations,
maintenance and concessions
functions in the existing
Terminal A. MAI then will operate
the new Terminal One as part
of a 15-year agreement. MAI is a
subsidiary of Flughafen München
GmbH (FMG), which operates Munich
International Airport.
Flybondi Ltd. (“Flybondi”) is a new
airline that aims to bring the lowcost
carrier (“LCC”) model to Argentina,
one of the few remaining
markets without a low-cost airline.
Flybondi’s leadership team
has broad experience at major European
LCCs and the Argentine
government recently formally
awarded 85 domestic and crossborder
routes to Flybondi. We are
actively supporting Flybondi’s
launch and development.
Alexandre de Juniac International Air
Transport Association (IATA) chief executive
warns that intensifying
trade wars and rising fuel prices
will continue to bog down airline
profits this year.
David Neeleman’s TAP Air Portugal
launched its first Airbus A321LR
trans-Atlantic service from Porto
to New York on June 1 on the
A321LR.
24 AIRPORT VOICE, JUNE 2019
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Guessing Game. What will the actual
airline proppsed by David
Neelsman now named Moxy, be
be named? Speculation increases
after his presentation at the recentl
TWA Hotel. Currently code
named Moxy, the company raised
In June 2018, David Neeleman
planned a new United States airline
named Moxy as he registered
a new entity with $100 million in
capital from former Air Canada
CEO Robert Milton, former ILFC
CEO Henri Courpron and himself.
Moxy plans to offer point-to-point
flights from smaller secondary
airports like Providence International
Airport, Fort Worth or Burbank
Airport, bypassing hubs for
shorter travel times. It would offer
spacious seats and free Wi-Fi, and
extra fees for snacks or seating assignment
more like Azul, which
he started and is very proud of,
and JetBlue of which he was a
founder.
Airt Italy has changed plans
from leasing Boeing 787-9 to the
Airbus A330 because of the delays
in manufacturing from Boeing.
Currently Air Italy’s fleet consists
of five A330-200s, seven Boeing
737-800s and three 737 MAX
8s—which are non-operational because
of the worldwide grounding
after crashes of Lion Air and Ethiopian
Airlines MAXs. While making
no commitments, Air Italy
COO Rossen Dimitrov said that
Air Italy would be a more streamlined
operation if it was all-Airbus
“and it’s something we are exploring
as an option.” This is a different
poisition from that in which
Air Italy’s fleet was scheduled to
grow to more than 50 aircraft by
2022 and it had been thought that
787s would make up a significant
proportion of the fleet.
Boeing Max 8. The domino effect
of changeging aircraft orders
from the Boeing Max 8 to Airbus
A330s is growing. Because of
the trepidation of some airlines,
theyhav shifter from the Boeing
brandto the Airbus 330s/ Some of
the airlines include: Air New Zealand
replaces grounded 787s with
THE AIR INDUSTRY
leased Hi Fly A330s ,Gulf Air considers
keeping A330s ,Gulf Air
considers retaining A330s after
787-9s arrive Air Pacific orders
three A330s
Russia’s Nordwind Airlines
expands fleet with two A330s.
Boeing and the Federal Aviation
Administration want global consensus
to get the 737 Max flying
again.
Aviation regulators from
around the world, who met in Fort
Worth recently, are continuing
to press the F.A.A. for details on
the fix to the anti-stall system and
possible pilot retraining.
Noise on Noise. Complaints about
nooise from area airports havs
been an issue for years. Governor
Guomo established the New York
Community Aviation Roundtable
(NYCAR) which has grown and is
inclusive of many residents along
the flighpaths of JFK and LaGuardia.
The JFK and LGA committees
meet regiularly to address issues.
Reently another group,Nassau
County Aviation Committee,
has been formed to apply more
pressure on the airports to fight
noise and its effects on neighboring
communities. To see NYCAR
meetings and issues at: https://
aircraftnoise.panynj.gov/
Up in the air. Two cpmpanies are
vying for helicopeter servic to
the airports. Blade. Blade doesn’t
own its helicopters. It partners
with Airbus, Lockheed Martin,
and Bell Helicopter Textron to arrange
flights through more than
30 aviation operators, which provide
pilots. Flights depart every
20 minutes or so, from 7am to 7pm
on weekdays, and on Sunday afternoons
and evenings.
Uber, is working on a product
called Uber Air with partners
that include Bell Helicopter and
Aurora Flight Sciences, a Boeing
subsidiary. “Dallas and Los Angeles
will be the first to offer Uber
Air flights, with the goal of beginning
demonstrator flights in 2020
and commercial operations in
2023,” says Uber spokesman Matthew
Wing.
Alaska Air.Bridges Investment Management
Inc increased its stake in
Alaska Air Group Inc (ALK) by
85.66% based on its latest 2018Q4
regulatory filing with the SEC.
Bridges Investment Management
Inc bought 42,466 shares
as the company’s stock declined
20.39% while stock markets rallied.
Bridges Investment Management
Inc who had been investing
in Alaska Air Group Inc for
a number of months, seems to be
bullish on the $7.26B market cap
company.On theother hand, Gibraltar
Capital Management Inc
decreased its stake in Alaska Air
Group Inc (ALK) by 21.93% based
on its latest 2018Q4 regulatory filing
with the SEC.
Asia-Pacific. India and China are
projected to account for nearly
half of the air passenger growth
worldwide over the next two decades,
with 45 per cent of all additional
passenger trips over the
next two decades according to
global airlines grouping IATA.
However the demise of India’s Jet
Airways puts a temporary cap on
India’s growth. Not surporising
given the number os Chinese carriers
operating out of JFK Airport
right now.
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