Tag Archives: 787-8

AeroMexico to lease one Boeing 787-9 from ALC

Air Lease Corporation (Los Angeles) has announced a long term lease agreement with AeroMexico (Mexico City) for one new Boeing 787-9 aircraft. This aircraft is from ALC’s order book with Boeing and is scheduled for delivery in fall 2016.

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Copyright Photo: SPA/AirlinersGallery.com. AeroMexico will take delivery of the first stretched Boeing 787-9 Dreamliner in 2016 and the new type will replace the existing and aging two Boeing 767-300 ERs. The new 787-9s will operate along with the current smaller 787-8 Dreamliners. The pictured 787-8 N964AM (msn 35307) lands in London (Heathrow).

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LOT Polish Airlines produces its first profit in seven years

LOT Polish Airlines (Warsaw) is back in the black, producing its first profit in seven years. The airline issued this statement:

LOT ended 2014 in the black. With more than PLN 99 million ($26 million) profit on its core business of flying, LOT earned 40 percent more than it planned. This is the company’s first profit in seven years.

LOT was supposed to end 2014 with PLN 70 million ($19 million) profit on its core business but it is almost 30 million ($8 million) above the Restructuring Plan assumptions and 103 million ($27 million) more than in 2013.

“The company is steadily improving its situation, stabilizing its financial condition and getting ready for rapid growth in the next year,” said Sebastian Mikosz, CEO, LOT Polish Airlines. “The positive result on the core business, which is a key indicator of our company’s health, is of utmost importance since it has been achieved regardless of the compensation measures required by the European Commission.”

“Because of the public aid received, we had to cut the number of flights by almost eight percent in 2014, compared to the previous year. Nevertheless, we carried two percent more passengers and increased the revenue in comparison with 2013, while keeping a similar cost level,” continued Mikosz.

The company owes its positive results to consistent changes and initiatives included in the Restructuring Plan. Most of them were added as early as in 2013, but 2014 was the first full year to have seen the results. LOT continues to modernize and expand its sales channels, including mobile solutions. The quality of service is gradually improving. New products are being added to address new passenger groups in the market.

The new philosophy of building a network has also paid off. LOT has increased its connecting capacities by as much as over 40 percent in its Warsaw hub. Such connecting options are among the reasons why LOT has become the first choice for a constantly growing number of passengers from Poland as well as the entire Eastern and Central Europe region.

2014 was also the first year to have seen the Dreamliner effect since it was only in the entire past year that all long-haul flights were operated exclusively with these aircraft. The Boeing 787 Dreamliner is not only popular among passengers but provides tangible benefits, such as fuel savings. LOT currently operates six Dreamliners on its schedule network, leases them to other airlines and operates long-haul charter flights in the winter season. An efficient use of the Dreamliner fleet is included in the Restructuring Plan.

“The results in 2014 show we can operate effectively in this very competitive market, and there is a place for such a carrier as LOT,” added Mikosz. “However, we have to remember that this is just the first step of transformation and more challenges are ahead. This year, we are bound to repeat the financial success, as it is our goal to achieve sustained profitability and to move from restructuring to a rapid growth of the company.”

LOT has also improved other indicators. The EBITDA — indicator of company performance which determines the cash flow generating ability — also improved. EBITDA in 2014, is PLN 291 million ($77 million), compared to 2013 PLN 156 million ($41 million) and 2012 a minus PLN 346 million ($91 million).

The normalized net profit, i.e. without one-offs and accounting effects, is also positive and amounts nearly to PLN 36 million ($9.5 million). Taking into account the one-offs and accounting effects, related to the increase of currency exchanging rates (mainly of the dollar), a minus appears at the net result at the level of 263.4 million ($70 million). This is only an artificial accounting record having no effect on the actual financial health of the company. It is because the relationship between LOT’s earnings and spending in foreign currencies is fairly in balance. Therefore, no currency is in fact exchanged, but only the amounts are booked in PLN according to the valid standards. The net profit in the previous year amounted to PLN 26 million ($7 million). The normalized net profit in 2013 was a minus 67 million ($18 million).

Owing to the consistent improvement of its financial condition, LOT postponed and considerably reduced by as much as two thirds, the money it received from the second state aid tranche. At the end of 2014, LOT received PLN 127 million ($34 million.). It should be emphasized that the amount of state aid has no effect on the result.

The company’s growth policy for 2016 is underway. It will be announced in the next few months new short- and long-haul destinations. LOT will start flying on those routes at the beginning of the next year when the Restructuring Plan is formally ended.

Copyright Photo: SPA/AirlinersGallery.com. The airline attributes the turnaround to its game changing six Boeing 787-8 Dreamliners and its restructuring program as the main reasons for the change in fortunes.

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Ethiopian will now route its North American flights through Dublin

Ethiopian Airlines (Addis Ababa) will now route its daily Washington Dulles-bound flight and its three times weekly-Toronto Pearson-bound flight from Rome (Fiumicino) to Dublin effective May 10 according to Irish Travel News. Previously the airline announced it was routing its Addis Ababa-Los Angeles Boeing 787 flight through Dublin as a transit stop. The airline will not gain any traffic rights from Dublin.

In other news, TAP Portugal and Ethiopian Airlines, both Members of Star Alliance, have signed a code-share agreement and will be soon introducing code-share services between Portugal and Ethiopia.

Copyright Photo: Michael Kelly/AirlinersGallery.com. Boeing 787-8 Dreamliner ET-ASG (msn 36111) approaches the runway at Dublin.

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Two American Airlines-bound Boeing 787-8 Dreamliners are parked by Boeing due to late-arriving seats

Boeing (Chicago, Seattle and Charleston) has been forced to parked two new Boeing 787-8 Dreamliners at Victorville, California that were due to be delivered to American Airlines (Dallas/Fort Worth). The two 787s are being stored due to late arriving and backlogged high-end seats according to Steve Wilhelm of the the Puget Sound Business Journal. The seats are manufactured by Zodiac Aerospace.

Both Airbus and Boeing are experiencing interior cabin delays due to the backlog.

Read the full article: CLICK HERE

According to their website, “Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircraft, as well as helicopters and space applications.”

American 787 Business Class seat (AA)(LR)

Photo Above: American Airlines. According to the airline, “The 787 Business Suite, which features a seat that transforms into a fully lie-flat 77-inch bed, provides infinite adjustability, and includes a unique “z-shaped” lounge position for increased comfort.”

American Airlines is still planning to begin Boeing 787 revenue service domestically between Dallas/Fort Worth (DFW) and Chicago (ORD) on May 7, 2015. The Boeing 787 will then shift to the AA international network to serve AA’s daily nonstop flight between Dallas/Fort Worth (DFW) and Beijing (PEK) beginning on June 2 and on the nonstop flight between Dallas/Fort Worth (DFW) Buenos Aires (EZE) on June 4.

Dallas/Fort Worth – Shanghai (Pudong) 787 service will also commence on June 26 replacing existing Boeing 777-200 ER aircraft.

In other news, both American Airlines and US Airways expect a single operating certificate (SOC) from the FAA on April 8, in essence ending US Airways. The combined company would then begin to operate under the new American Airlines AOC. US Airways’ Cactus call sign, as we previously reported, is also being retired. Some operating policies and procedures will remain separate under the new SOC.

Top Copyright Photo: Brian Peters/AirlinersGallery.com. The pictured Boeing 787-8 N800AN (msn 40618) at Dallas-Fort Worth International Airport (DFW) was delivered to American Airlines on January 22, 2015 and has been undergoing crew training.

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Air India takes delivery of its 20th Boeing 787, VT-ANU is painted in the Star Alliance livery

Air India 787-8 in Charleston

Air India (Mumbai) and Boeing (Chicago, Seattle and Charleston) celebrated the airline’s milestone delivery yesterday (March 31) of its 20th 787 Dreamliner from Boeing’s final assembly facility in North Charleston, South Carolina.

The ictured Boeing 787-8 Dreamliner registered as VT-ANU (msn 36292) also features the Star Alliance livery, Air India’s – and the world’s – first 787 to do so. The flag carrier joined the leading global airline network last year, reflecting the strong network growth of the Indian aviation market.

“Today Air India joins an elite group airlines who have taken delivery of 20 or more 787s and this milestone highlights the successful partnership we have between Boeing and Air India,” said Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes. “The 787 continues to provide great value to Air India, opening new routes, with superior fuel efficiency and unmatched passenger comfort.”

Air India serves more than 60 domestic and 37 international destinations. The airline has ordered 27 787 Dreamliners, with seven more scheduled to be delivered.

Photo: Boeing.

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Reuters: Hainan Airlines plans to order 30 Boeing 787-9 Dreamliners

Hainan Airlines (Haikou and Beijing) plans to order 30 Boeing 787-9 Dreamliners according to a report by Reuters. The fast-growing airline will use the new type to expand the number of routes to China. The new aircraft will be delivered starting in 2021.

According to the report, Cai Zhiquan, a brand manager told Reuters, “We’ll be flying from major hubs in China to second- or third-tier cities overseas,” said Cai. “At the same time, we’ll also open up more routes from inland Chinese cities to major hub cities elsewhere.”

Boeing did not comment or confirm the intent to oder.

Read the full report: CLICK HERE

Copyright Photo: Michael B. Ing/AirlinersGallery.com. The larger Boeing 787-9 will complement the existing smaller 787-8 Dreamliners. Boeing 787-8 B-2723 (msn 34944) is pictured on the runway at the Beijing hub.

Hainan Airlines aircraft slide show: AG Airline Slide Show

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JAL resumes Osaka Kansai-Los Angeles flights

JAL-Japan Airlines (Tokyo) on March 20 resume daily flights between Osaka (Kansai) and Los Angeles with Boeing 787-8 Dreamliners.

Read the full story from ZipanguFlyer: CLICK HERE

JAL aircraft slide show: Fred Freketic/AirlinersGallery.com. Boeing 787-8 Dreamliner JA831J (msn 34847) is pictured at New York (JFK) preparing to depart down the runway.

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