Tag Archives: 747

Korean Air to become a new passenger Boeing 747-8 Intercontinental operator

Korean Air (Seoul) is already a Boeing 747-8F Intercontinental freighter operator. The flag carrier will soon to be welcomed to the 747-8 Intercontinental passenger club with the pending delivery of its first copy (above). The company has 10 Super Jumbos on order and will replace their older Boeing 747-400s with new type. The older 747-400s will be phased out by 2017.

Korean Air logo

Like Lufthansa, Korean Air will soon operate both the Airbus A380 and the Boeing 747-800.

Copyright Photo: Joe G. Walker/AirlinersGallery.com. The first, the pictured Boeing 747-8B5 HL7630 (msn 40905), taxies into position on the runway at Paine Field near Everett for a test flight.

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United Airlines announces its highest-ever quarterly profit

United Airlines (Chicago) today reported its largest quarterly profit ever, reporting a second quarter 2015 net profit of $1.3 billion, or $3.31 per diluted share, excluding $67 million of special items.

The company issued this report:

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United Airlines (UAL) today reported second-quarter 2015 net income of $1.3 billion, or $3.31 per diluted share, excluding $67 million of special items. Including special items, UAL reported second-quarter net income of $1.2 billion, or $3.14 per diluted share. These results are a record quarterly profit for the company.

  • The company’s Board of Directors authorized an additional $3 billion share repurchase program, which the company expects to complete by the end of 2017.
  • In the quarter, UAL prepaid approximately $800 million of debt, contributed approximately $620 million to its pension plans and returned approximately $250 million to shareholders as part of its existing $1 billion share buyback program.
  • UAL earned an 18.2 percent return on invested capital for the 12 months ended June 30, 2015.

“This quarter’s record results reflect the progress we’re making on our long-term plan, and I’d like to thank the United team for their great work,” said Jeff Smisek, UAL’s chairman, president and chief executive officer. “The $3 billion share repurchase program we announced today demonstrates the confidence we have in our future. We will continue to invest in our customers, assets and our people, and remain committed to improving our balance sheet, expanding our margins and improving our return on invested capital, and expect our third quarter pre-tax margin to be between 13.5 and 15.5 percent, excluding special items.”

Second-Quarter Revenue and Capacity

For the second quarter of 2015, total revenue was $9.9 billion, a decrease of 4 percent year-over-year. Second-quarter consolidated passenger revenue decreased 3.4 percent to $8.7 billion, compared to the same period in 2014. Ancillary revenue per passenger in the second quarter increased 6.7 percent year-over-year. Second-quarter cargo revenue decreased 1.3 percent year-over-year to $229 million. Other revenue in the second quarter decreased 9.6 percent year-over-year, mostly due to the reduction in sales of fuel to a third party. The corresponding expense decline from this reduction appears in third-party business expense.

Consolidated revenue passenger miles increased 0.7 percent and consolidated available seat miles increased 2.3 percent year-over-year for the second quarter, resulting in a second-quarter consolidated load factor of 83.9 percent.

Second-quarter 2015 consolidated PRASM decreased 5.6 percent and consolidated yield decreased 4.1 percent compared to the second quarter of 2014.

“This quarter, we continued to build and refine our route network, including announcing the move of p.s. transcontinental service to our global gateway hub at Newark Liberty Airport and forming a long-term partnership with Azul Brazilian Airlines. These decisions will enhance our network and provide our customers with more choice and convenience,” said Jim Compton, UAL’s vice chairman and chief revenue officer. “We will continue to improve our leading network by focusing on our strengths, while investing in our people, fleet and products to increase revenue and deliver a flyer-friendly customer experience.”

Read the full report: CLICK HERE

Copyright Photo: Javier Rodriguez/AirlinersGallery.com. United has 23 aging Boeing 747-400s that will be eventually replaced with newer Airbus A350-1000s and Boeing 787-10 Dreamliners. Boeing 747-422 N199UA (msn 29717) arrives in Frankfurt.

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Boeing gets ready again for the 2015 NFL football season in support of the Seattle Seahawks

Boeing 747-800F N841BA (Seahawks)(tail)(Katie Lomax)(LR)

Boeing (Chicago, Seattle and Charleston) is getting ready for the upcoming 2015-2016 National Football League (NFL) season and in particular the hometown Seattle Seahawks team. The company has painted a different 747 in the “12th Fan” livery with “In it to win it!” titles.

The 747 will perform at the annual Boeing Seafair Air Show at Lake Washington in Seattle on August 2.

Read more from Randy’s Journal (Boeing) > CLICK HERE

Photo: Katie Lomax/Boeing. Boeing 747-83QF N841BA (msn 60119) is the Jumbo that now wears the special Seattle Seahawks markings. Boeing 747-87UF N770BA (msn 37564) previously wore a similar livery during the Seahawks’ Super Bowl XLVIII victory in 2014.

The FAA issues an AD for possible Boeing 747-8 and 747-8F “divergent flutter during a high g-load maneuver in combination with certain system failures”

Federal Aviation Administration (FAA) (Washington) has issued this airworthiness directive (AD) for certain Boeing 747-8 and 747-8F series aircraft. The FAA estimates there are eight aircraft impacted on the U.S. registry.

According to Boeing, all of the costs of this AD may be covered under warranty, thereby reducing the cost impact on affected individuals.

Here is the statement:

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We are adopting a new airworthiness directive (AD) for certain The Boeing Company Model 747-8 and 747-8F series airplanes. This AD was prompted by an analysis, which indicated that in a limited flight envelope with specific conditions, divergent flutter could occur during a high g-load maneuver in combination with certain system failures. This AD requires replacing the lateral control electronic (LCE) modules, replacing the inboard elevator power control packages (PCPs), installing new external compensators for the PCPs, and revising the maintenance or inspection program. We are issuing this AD to prevent certain system failures from resulting in divergent flutter, and subsequent loss of continued safe flight and landing.

Read the full AD: CLICK HERE

Copyright Photo: Nick Dean/AirlinersGallery.com.

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Atlas Air Worldwide to acquire another Boeing 747-800F freighter, provides a fleet update

Atlas Air Worldwide Holdings (Atlas Air and Polar Air Cargo) (New York) has agreed to acquire a new 747-8 freighter from Boeing with delivery scheduled for November 2015. Prior to its expected placement in longer-term ACMI (aircraft, crew, maintenance and insurance) service, the company intends to deploy the aircraft in profitable charter operations, taking advantage of the aircraft’s superior fuel efficiency, range, capacity and loading capabilities.

Atlas Air Worldwide logo

To meet additional charter demand, Atlas Air Worldwide is also returning an owned and unencumbered 747-400 converted freighter to active service. The aircraft is resuming operations this month. At the same time, the company has entered into a short-term operating lease expected to begin in late June for a second 747-400 converted freighter. This lease is intended to replace a similar aircraft, with a lease that expires this month, on terms that are more favorable to the company.

Atlas Air logo

In addition, the company has expanded its Titan Dry Leasing portfolio by acquiring two Boeing 767 aircraft. These will be leased to DHL Express following their conversion from passenger to freighter configuration in the fourth quarter of this year. They complement a Boeing 757 Freighter recently dry leased to DHL by Titan following the conclusion of a previous customer lease.

Fleet Plan Update

By year-end 2015, Atlas Air Worldwide’s cargo operations are expected to include ten 747-800Fs and 23 747-400 freighters. It also expects to have two 747-400s and three 767-300s providing passenger service to the U.S. military and other charter customers.

In addition, the company expects to operate at least 18 customer-owned aircraft in its CMI (crew, maintenance and insurance) operations. These operations include four 747 Large Cargo Freighters for Boeing, two VIP-configured 747-400 passenger aircraft for SonAir, eleven 767 freighters for DHL Express, and one VIP-configured 767 passenger aircraft for MLW Air.

In Dry Leasing, the company anticipates its portfolio to include at least 11 aircraft, including six 777 freighters, two 767 freighters, one 757 freighter, one 737 freighter, and one 737 passenger aircraft.

In other news, Atlas Air Worldwide Holdings announced the placement of an additional Boeing 747-400 freighter into ACMI service.Polar Air Cargo logo

The aircraft will be operated by Polar Air Cargo Worldwide, Inc. to expand its express network for the benefit of DHL Express. Operations are scheduled to begin on July 1, 2015.

DHL logo (LRW)

 

When the new service begins, Polar’s express network will consist of six 747-8Fs and seven 747-400Fs in ACMI on behalf of DHL and Polar’s other customers. Atlas also will continue to operate a fleet of eleven Boeing 767 Freighters in CMI service for DHL, including nine in North America and two in the Asia-Pacific region.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 747-87UF N852GT (msn 37571) of Atlas Air taxies at Ted Stevens Anchorage International Airport (ANC).

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Boeing to cut the 747-8 production rate to only one aircraft per month

Boeing (Chicago, Seattle and Charleston) has announced it will cut the 747-8 Intercontinental production rate by 23 percent from 1.3 aircraft to only one aircraft starting in March 2016 according to Reuters quoting Boeing sources. The company is currently building 1.5 aircraft per month and this was planned to be reduced to 1.3 in September despite a recent order by the Volga-Dnepr Group.

Read the full report: CLICK HERE

Copyright Photo: Royal S. King/AirlinersGallery.com. Lufthansa has always been a keen supporter of the 747 and pushed Boeing for the updated 747-8 model. Lufthansa’s Boeing 747-830 D-ABYT (msn 37844) in the 1968 retro scheme lands at Paine Field near Everett.

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Air France moves up the last Boeing 747-400 revenue flight

Air France (Paris) is moving up the planned Boeing 747-400 retirement date (subject to further changes). The last planned Boeing 747-400 revenue flight has been moved from March 26, 2016 to January 10, 2016 according to Airline Route. The last flight is currently flight AF439 departing from Mexico City on January 10, 2016 and arriving at Paris (CDG) the following day at 2:25 pm (1425).

 

Copyright Photo: Brian McDonough/AirlinersGallery.com. Boeing 747-428 F-GITE (msn 25601) arrives at Miami International Airport.

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