Manila Bulletin
December 19, 2011 Monday
TOKYO (AFP)- Boeing's much vaunted 787 Dreamliner was mired in yet more delay, launch customer All Nippon Airways (ANA) said in Japan.
The Airline has so far received just two of the mid-sized, lightweight aircraft since September, three years after the first plane was originally scheduled for delivery.
ANA had hoped it would get a third plane in December to use on one of its Tokyo to Beijing routes, but has been forced to rescheduled after Boeing said the plane would not arrive on time due to production delays.
"It is extremely regrettable, but we have decided to change plans," ANA said in a statement. "We will do our best to ask Boeing to arrange an early reception of the aircraft."
ANA ultimately expects to receive 55 Dreamliners, which have been lauded as the future of aviation for their use of lightweight, fuel-saving materials.
The 787 made its first commercial flight on October 26 after a string of technical mishaps and delays that have cost US-based Boeing billions of dollars in lost or cancelled orders and seen it give ground to fierce rival Airbus.
Monday, December 19, 2011
Malaysia Airlines to slash routes
Manila Bulletin
December 19,2011 Monday
KUALA LUMPUR (AFP)- loss-making national carrier Malaysia Airlines said it will cut eight routes to Europe, Africa, the Middle East and other destinations starting next month as it seeks to return to a profit.
The airline, which has struggled to stay in the black in recent years, unveiled a business plan last week aimed at becoming profitable by 2013 that would include a route "rationalization" but did not name the affected routes.
Routes servicing Rome, Johannesburg, Cape Town, Buenos Aires, Karachi, Dubai, the Saudi Arabian city of Dammam, and the city of Surabaya in Indonesia, will be dropped it said in a statement released late Wednesday.
They will be phased out at different times troughout January and February.
Ahmad Jauhari Yahya, the airline's new chief executive officer, said the destinations were withdrawn because they were unprofitable.
"The withdrawal was based on our own independent internal profitability and yield analysis," he said in the statement.
Ahmad Jauhari said the carrier planned to instead bolster services to major destinations in Asia that have better prospects.
"Concurrently, Malaysia Airlines will focus on the core (Southeast Asia) region, South Asia, greater China and North Asia, where the demand outlook is strong, fuelled by a burgeoning middle class," the statement said.
In the third quarter of this year, the airline posted its third straight quarterly loss, owing to high fuel costs and increased competition.
December 19,2011 Monday
KUALA LUMPUR (AFP)- loss-making national carrier Malaysia Airlines said it will cut eight routes to Europe, Africa, the Middle East and other destinations starting next month as it seeks to return to a profit.
The airline, which has struggled to stay in the black in recent years, unveiled a business plan last week aimed at becoming profitable by 2013 that would include a route "rationalization" but did not name the affected routes.
Routes servicing Rome, Johannesburg, Cape Town, Buenos Aires, Karachi, Dubai, the Saudi Arabian city of Dammam, and the city of Surabaya in Indonesia, will be dropped it said in a statement released late Wednesday.
They will be phased out at different times troughout January and February.
Ahmad Jauhari Yahya, the airline's new chief executive officer, said the destinations were withdrawn because they were unprofitable.
"The withdrawal was based on our own independent internal profitability and yield analysis," he said in the statement.
Ahmad Jauhari said the carrier planned to instead bolster services to major destinations in Asia that have better prospects.
"Concurrently, Malaysia Airlines will focus on the core (Southeast Asia) region, South Asia, greater China and North Asia, where the demand outlook is strong, fuelled by a burgeoning middle class," the statement said.
In the third quarter of this year, the airline posted its third straight quarterly loss, owing to high fuel costs and increased competition.
Lion Air aims to dominate Indonesia's market with expanded fleet
Manila Bulletin
December 19, 2011 Monday
SINGAPORE, Dec 16 (Reuters)- Indonesia's Lion Air aims to dominate the domestic market of the world's fourth populous nation, piling pressure on flag carrier Garuda Indonesia and regional carrier Air Asia which also operates locally.
Lion Air's Chief Executive Officer Rusdi Kirana told a media briefing in Friday that the recent orders of 230 Boeing 737 passenger jets, valued at nearly $22 billion at list price, is "binding" and "cannot be cancelled".
"We expect to have 60 percent domestic market share in the next two years because by the next two years we would have doubled our fleet from today's level," Kirana said on the sideline of the inaugural flight of its carrier from Singapore to Indonesia's second largest city Surabaya.
The new aircraft will allow Lion to reach farther to other metropolitan cities in Asia and Kirana is aiming to capitalise the Southeast Asian open sky policy, which will come into effect in 2015, to expand its footprint in the region.
"With open sky happening in 2015, I can fly to any point in Asia," Kirana said adding that he is looking to use Singapore as a base to reach other destinations in Asia, such as Beijing.
Lion is generating more than $1 billion in revenue and carries nearly 30 million passenger each year and the number is still growing, driven by strong growth of Indonesia's air travel industry.
"Today we have a total outstanding order with Boeing for 408 aircraft and it is not enough. We are flying to 62 points in Indonesia and we still can have 90 percent load factor."
The strong growth should be able to help the company in its plan to do an initial public offering of the company in 2012.
Kirana had said earlier this year that he was aiming to raise more than $1 billion from the sale of 20-30 percent stake.
Kirana said the bulk of the new order will be used to serve the domestic market, which have been growing by an average of 15-20 percent annually since 2000.
December 19, 2011 Monday
SINGAPORE, Dec 16 (Reuters)- Indonesia's Lion Air aims to dominate the domestic market of the world's fourth populous nation, piling pressure on flag carrier Garuda Indonesia and regional carrier Air Asia which also operates locally.
Lion Air's Chief Executive Officer Rusdi Kirana told a media briefing in Friday that the recent orders of 230 Boeing 737 passenger jets, valued at nearly $22 billion at list price, is "binding" and "cannot be cancelled".
"We expect to have 60 percent domestic market share in the next two years because by the next two years we would have doubled our fleet from today's level," Kirana said on the sideline of the inaugural flight of its carrier from Singapore to Indonesia's second largest city Surabaya.
The new aircraft will allow Lion to reach farther to other metropolitan cities in Asia and Kirana is aiming to capitalise the Southeast Asian open sky policy, which will come into effect in 2015, to expand its footprint in the region.
"With open sky happening in 2015, I can fly to any point in Asia," Kirana said adding that he is looking to use Singapore as a base to reach other destinations in Asia, such as Beijing.
Lion is generating more than $1 billion in revenue and carries nearly 30 million passenger each year and the number is still growing, driven by strong growth of Indonesia's air travel industry.
"Today we have a total outstanding order with Boeing for 408 aircraft and it is not enough. We are flying to 62 points in Indonesia and we still can have 90 percent load factor."
The strong growth should be able to help the company in its plan to do an initial public offering of the company in 2012.
Kirana had said earlier this year that he was aiming to raise more than $1 billion from the sale of 20-30 percent stake.
Kirana said the bulk of the new order will be used to serve the domestic market, which have been growing by an average of 15-20 percent annually since 2000.
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