Tag Archives: Boeing 737-800

Ryanair to launch three new winter routes from Copenhagen

Ryanair (Dublin) has announced more growth at its Copenhagen base with three new routes from October 2015 to Alicante, Budapest and Malaga, as part of Ryanair’s 2015 winter schedule. These three new routes will add to Ryanair’s nine Copenhagen routes already operated to Brussels, Cologne/Bonn, Dublin, London (Stansted), Madrid, Milan (Malpensa), Rome, Stockholm and Warsaw.

Copyright Photo: Paul Bannwarth/AirlinersGallery.com. Boeing 737-8AS WL EI-DWW (msn 33629) arrives at Tenerife Sur.

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Sun Country’s pilots picket at Minneapolis/St. Paul International Airport

Sun Country Airlines (Minneapolis/St. Paul) could be facing a strike by its pilots represented by the Air Line Pilots Association (ALPA). The pilots of the airline yesterday (April 24) picketed for higher wages outside of the Minneapolis-St. Paul International Airport. ALPA states they are the lowest Boeing 737 scheduled airline pilots in the country. The pilots have authorized a strike if necessary.

The union issued this statement:

ALPA logo-1

Sun Country Airlines Pilots, represented by the Air Line Pilots Association Int’l (ALPA), conducted informational picketing Friday at Minneapolis-St. Paul International Airport, saying the company’s current pay proposal would keep SCA pilot wages near the bottom of the industry for another five years.

Already the nation’s lowest-paid scheduled service airline pilots for their aircraft type, management’s recent proposal would provide only minimal increases. Sun Country pilots last received a pay rate increase in 2005.

“Our current pay is 30 percent below the midpoint for our peers. We’re seeking a contract that gradually gets us closer to the industry average. The company offer keeps us from realizing that goal throughout the life of a new contract,” said Capt. Brian Roseen, chairman of Sun Country’s ALPA Master Executive Council.

Virtually all of Sun Country’s 247 active ALPA pilots not flying or in training marched in shifts outside MSP’s Terminal 2, joined by supporters from United, Delta, FedEx Express, Compass, Endeavor Air, and other ALPA pilot groups.

ALPA and Sun Country have been in negotiations for five years, and in federal mediation since 2012. In February pilots voted 100 percent to authorize ALPA to declare a legal strike if later allowed to do so by the federal government. Before any strike could occur, the National Mediation Board would have to release the pilot group from mediation and the group would have to complete a 30-day cooling off period.

“Under our new ownership Sun Country has been profitable and more than doubled in size. It’s time for them to invest in people the same way they’ve invested in airplanes and facilities,” Roseen said. “We want to negotiate. We’re 100 percent ready to do everything the law allows to lift ourselves up from the bottom of the industry.”

Meanwhile the pilots of Southwest Airlines (Dallas) came to the aid of its fellow pilots at Sun Country. SWAPA issued this statement:

SWAPA logo

As the pilots of Sun Country (SCA) picket on Friday outside of Minneapolis-St. Paul International Airport, the Southwest Airlines Pilots’ Association (SWAPA) announces support of the SCA pilots’ efforts to obtain an improved contract. Sun Country Airlines pilots are the lowest-paid Part 121 B-737 pilots in the country and have been in contract negotiations for more than five years. In February, the SCA pilots voted nearly unanimously to authorize ALPA to call a legal strike if necessary, upon a release from mediation by the National Mediation Board and the expiration of a cooling-off period.

“Sun Country pilots have the lowest 737 pay rates for scheduled carriers and are about 30 percent below the industry average pay for this equipment,” said SWAPA President Capt. Paul Jackson. “Low fares do not have to equal low wages in our industry and we fully support our friends at Sun Country in seeking a fair agreement.”

Sun Country management has failed to offer industry-standard fair compensation to pilots despite doubling the number of aircraft and profitability in recent years under new ownership. The company’s most recent contract offer would still leave the SCA pilots at the bottom of 737 pilot pay rates for another five years. The SCA pilots’ union leadership is proposing gradual increases toward the industry average, with the goal of reaching middle ground by the end of the contract term.

Top Copyright Photo: Ken Petersen/AirlinersGallery.com. Boeing 737-8Q8 N804SY (msn 30689) prepares to touch down at Las Vegas McCarran International Airport.

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Alaska Air Group reports record first quarter results

Alaska Air Group, Inc., (Alaska Airlines and Horizon Air) (Seattle/Tacoma) today reported first quarter 2015 GAAP net income of $149 million, or $1.12 per diluted share, compared to $94 million, or $0.68 per diluted share in the first quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments, the company reported record adjusted net income of $149 million, or $1.12 per diluted share, compared to adjusted net income of $89 million, or $0.64 per diluted share, in 2014.

“Our record first quarter results reflect lower fuel prices, but more importantly the tremendous loyalty of our customers in Seattle and across our system” said CEO Brad Tilden. “It is gratifying to see such strong growth and financial results given unprecedented competition. I want to thank our incredible employees who continue to rise to the challenge and deliver outstanding experiences to our customers.”

Financial Highlights:

Reported record first quarter net income, excluding special items, of $149 million – a 67% increase over the first quarter of 2014.

Reported adjusted earnings per share of $1.12 per diluted share, a 75% increase over the first quarter of 2014 and ahead of First Call analyst consensus estimate of $1.10 per share.

Earned net income for the first quarter under Generally Accepted Accounting Principles (GAAP) of $149 million or $1.12 per diluted share, compared to net income of $94 million, or $0.68 per diluted share in 2014.

Recorded $26 million of employee incentive pay in recognition of Air Group employees’ progress on meeting customer service, safety, operational and financial goals.

Increased fuel efficiency (as measured by seat-miles per gallon) by 2.5% compared to the first quarter of 2014, as part of our effort to be the airline leader in environmental stewardship.

Generated record adjusted pretax margin in the first quarter of 18.9% compared to 11.8% in 2014.

Generated 18.8% adjusted pretax margin for the trailing 12-month period ended March 31, 2015, compared to 13.6% for the same period in the prior year.

Achieved trailing 12-month after-tax return on invested capital of 20.1% compared to 14.8% in the 12-month period ended March 31, 2014.

Repurchased 1.6 million shares of common stock for $102 million in the first quarter of 2015, representing 1.2% of the total shares outstanding at the beginning of the year.

Paid a $0.20 per-share quarterly cash dividend on March 10, 2015, a 60% increase over the dividend declared in the first quarter of 2014.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Alaska Airlines’ Boeing 737-890 N535AS (msn 35200) with Split Scimitar Winglets climbs away from Los Angeles International Airport.

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The new Eastern is planning to start operations on May 30 with an Honor Flight to Washington area

Eastern Air Lines (2nd) (Miami) is tentatively planning to commence revenue passenger charter operations on May 30 with a Boeing 737-800 charter flight from Miami to the Washington area (planned for BWI) according to the company. The first flight is contingent on receiving its Part 121 AOC. The company is advertising its first flight will be an Honor Flight bringing World War II and Korean War era veterans from South Florida to Washington and return.

Eastern logo (large)

On April 20 the new airline announced it had been tentatively been found fit by the U.S. Department of Transportation (DOT)  and “is owned by a citizen of the U.S. and is fit, willing, and able to conduct interstate and foreign air transportation of persons, property and mail as a U.S. Certificated air carrier.”

The new airline also announced on April 20 its second flight attendant class started on the same day and the next pilot class will start on May 4.

Eastern will now start its FAA proving flights as a necessary next step towards receiving its Part 12 Air Operator Certificate (AOC).

Top Copyright Photo: Brian McDonough/AirlinersGallery.com. The first Boeing 737, the pictured ex-Kenya Airways Boeing 737-8AL N276EA (msn 35070), arrived with much fanfare and celebrations at Miami International Airport (MIA) on December 19, 2014. Since then the prospective airline has been going through the extensive certification process. New passenger airlines in the United States have become a rarity in the current airline consolidation period.

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Below: Eastern’s new flight attendant uniforms (Eastern Air Lines):

Eastern (2nd) FA uniforms (EA)(LR)

It is official: Skymark Airlines turns to ANA, Japan returns to a duopoly

Skymark Airlines (Tokyo-Haneda) today (April 22) made it official. According to our partner ZipanguFlyer, the airline, Integral Corporation and ANA Holdings held a press conference today to announce the deal. As a result, Skymark Airlines will cease to be an independent carrier and  Japan will basically return to a two-airline group nation.

Read the full story from ZipanguFlyer: CLICK HERE

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ANA Holdings issued this statement:

ANA Holdings logo

Skymark Inc. (Skymark), Integral Corporation (Integral) and ANA Holdings Inc. (ANAHD) have today agreed upon and executed a memorandum of understanding (the “Memorandum”) stating that Integral and ANAHD will jointly support Skymark which is currently undergoing civil rehabilitation proceedings.

1. Background for the Execution of the Memorandum

Since the commencement order of the civil rehabilitation proceedings was announced on February 4, 2015, Skymark has signed a basic rehabilitation support agreement with Integral on February 5, 2015 and is working to quickly revitalize its business with Integral‟s support.

On February 12, 2015, Skymark appointed GCA Savvian Corporation as its financial adviser to broadly solicit and select sponsors who would be willing to support Skymark in its attempt to maintain and develop the value of Skymark‟s business. Following this selection process, Skymark has decided to appoint ANAHD to be the joint sponsor with Integral and has executed the Memorandum with Integral and ANAHD. ANAHD has experience with the rehabilitation of other Japanese airlines and has offered a wide range of support in sales, supplies and maintenance services to improve the value of Skymark‟s business.

ANAHD is the holding company of All Nippon Airways, ANA Wings, Air Japan Company Limited (full service carrier) Vanilla Air Inc. (a provider of low-cost carrier operations), ANA Sales Co., Ltd. (a travel business provider), All Nippon Airways Trading Company Limited (a trading business provider) and several other companies. ANAHD, whose mission statement is “Built on a foundation of security and trust, the „wings within ourselves‟ help to fulfill the hopes and dreams of an interconnected world,” is Japan‟s largest airline group, and has played a major role in Japan‟s air transportation services for over 60 years.

Beginning today, Skymark, Integral and ANAHD will, under the supervision of the Tokyo District Court and court appointed supervisor, hold detailed negotiations on the basis of the Memorandum and will execute sponsorship agreements and formulate a proposed rehabilitation plan (the “Proposed Rehabilitation Plan”) as part of the civil rehabilitation proceeding.

2. Main Points of the Memorandum

The Memorandum stipulates the basic conditions of the joint sponsorship by Integral and ANAHD of Skymark in order to achieve the revitalization of its business as an independent corporation, with shares issued by Skymark to be re-listed on the stock market as soon as possible.

The overview of the Memorandum is as follows;

(1) Capital Contribution and Payment of Debts

It will be stipulated in the Proposed Rehabilitation Plan that Skymark will perform a 100% capital reduction. After a confirmation order for the Proposed Rehabilitation Plan becomes final and binding, Skymark will perform a capital increase through the allocation of new shares. Integral, ANAHD and other entities will subscribe to these shares and become new shareholders.

The total amount of planned investment is 18 billion JPY, which will be used for the payment of debts (comprising common benefit claims, preferred claims and rehabilitation claims) outstanding at the time the confirmation order of the Proposed Rehabilitation Plan becomes final and binding.

The ratio of capital contributions and voting rights shall be apportioned such that Integral will hold 50.1%, ANAHD will hold a maximum of 19.9%, with other entities holding the remainder. Integral and ANAHD will mutually discuss the capital contribution by other entities and decide on such capital contribution by the time of submission of the Proposed Rehabilitation Plan.

In addition, Skymark is planning to execute commitment lines with financial institutions with the support of Integral and ANAHD to ensure that Skymark has the necessary working capital for its business operations.

  1. (2)  Board of Directors
    After the confirmation order of the Proposed Rehabilitation Plan becomes final and binding, the number of directors to the Board of Skymark will be 6. Of these, 3 will be appointed by Integral, 1 will be appointed by ANAHD and the remaining 2 will be decided after discussions between Integral, ANAHD and other contributors. It is contemplated that one of the directors appointed by Integral will be the Chairman and one of the directors appointed by ANAHD or other shareholders will be the President.
  2. (3)  Employment of Employees
    The employment of Skymark‟s employees will, as a general principle, be maintained.
  3. (4)  Re-Listing on the Stock Exchange
    Integral and ANAHD have agreed to make their best efforts and mutually cooperate to work to the common goal of improving the value of Skymark‟s business and to re-list the shares issued by Skymark on the stock market within 5 years of their investment

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-8Q8 JA737T (msn 35290) completes its final approach to the runway at Tokyo (Narita).

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Lufthansa to end PrivatAir service in October

Lufthansa (Frankfurt) will reportedly end its cooperative agreement with PrivatAir (Geneva) at the end of the summer season in late October per Airline Route. PrivatAir currently operates Boeing 737-800 aircraft for LH on the Frankfurt – Dammam and Frankfurt – Pune routes.

Copyright Photo: Paul Denton/AirlinersGallery.com. PrivatAir’s Boeing 737-86Q HB-IIR (msn 30295) approaches the runway at Zurich.

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Is Skymark Airlines close to accepting ANA Holdings’ offer?

Skymark Airlines (Tokyo-Haneda) is reportedly close to accepting financial sponsorship from ANA Holdings, the holding company of ANA (All Nippon Airways) (Tokyo) according to this report by our partner ZipanguFlyer. The bankrupt company received bids from over 20 companies. ANA would co-sponsor the embattled carrier with investment fund Integral Corporation according to this report. An official announcement is expected next week.

Will Skymark be able to retain its independent brand or become part of the ANA feeder network?

Read the full report: CLICK HERE

Copyright Photo: Ivan K. Nishimura/AirlinersGallery.com. Under ANA, Skymark is very likely to remain a Boeing operator. Boeing 737-8HX JA73NL (msn 38104) passes through Honolulu on its long delivery route.

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