Tag Archives: 777-300

Air Canada reports 3Q net income of GAAP C$815 million

Air Canada Boeing 777-333 ER C-FIUW (msn 35249) YYC (Chris Sands). Image: 927233.

Air Canada (Montreal) today reported record third quarter adjusted net income of $734 million (all amounts are in Canadian dollars) or $2.50 per diluted share compared to adjusted net income of $457 million or $1.55 per diluted share in the third quarter of 2014, an improvement of $277 million or approximately 61 per cent. EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) amounted to $1,076 million compared to EBITDAR of $749 million in the same quarter in 2014, an increase of $327 million or approximately 44 per cent year-over-year.

On a GAAP basis, Air Canada reported record third quarter operating income of $815 million compared to operating income of $526 million, an improvement of $289 million or approximately 55 per cent from the third quarter of 2014. An operating margin of 20.3 per cent in the third quarter of 2015 reflected an improvement of 6.5 percentage points from the same quarter in 2014.

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Copyright Photo: Chris Sands/AirlinersGallery.com. Boeing 777-333 ER C-FIUW (msn 35249) departs from Calgary.

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Cathay Pacific introduces a new revised look

Cathay Pacific 777-300 B-KPM (15)(Flt) HKG (CPA)(LRW)

Cathay Pacific Airways (Hong Kong) on November 1 introduced a new revised livery and also a new video of a revised livery. The first aircraft to received the new look is Boeing 777-367 ER B-KPM (msn 36159).

Cathay Pacific (2015) logo

 

Cathay Pacific Airways On November 1 marked another important milestone for the airline as it unveiled a new livery that will be progressively introduced onto all the aircraft in its fleet. The livery was showcased on one of the airline’s Boeing 777-300vER aircraft at a special event held at Hong Kong International Airport.

Addressing guests at the event, Cathay Pacific Chief Executive Ivan Chu said: “Today represents the beginning of a new era for Cathay Pacific. We are very happy and proud to unveil our new aircraft livery which represents our journey into the future and also celebrates the many great things we have achieved over the past seven decades as the home carrier of Hong Kong.”

Mr Chu said that the new livery is a continuation of the work that began last year to refresh Cathay Pacific’s brand identity. “The livery is a vital part of our brand image – a symbol of the company’s values displayed on our most important physical asset. The livery represents Cathay Pacific in and out of Hong Kong and every time our aircraft take off or touch down in our network of destinations around the world,” he said.

Cathay Pacific 777-300 B-KPM (15)(Nose) HKG (CPA)(LRW)

“Creating a new livery is much more than a cosmetic exercise. This new look is the latest – and most significant – development in our ongoing efforts to improve the overall customer experience at Cathay Pacific. It is also a highly visible representation of the huge investments we are making in new aircraft and products as part of our ongoing commitment to build Hong Kong’s position as an international aviation hub.”

Guest of Honor at the event was Professor Anthony Cheung, Secretary for Transport and Housing, who officiated at the livery unveiling ceremony together with Ivan Chu. More than 300 guests were in attendance at the event, held in the hangars of Hong Kong Aircraft Engineering Company (HAECO), including aviation and trade officials, members of the Marco Polo Club loyalty programme, guests from the Hong Kong public, and Cathay Pacific staff. In addition to seeing the new livery unveiled, all guests enjoyed a unique behind-the-scenes experience where they could explore the aircraft inside and out and chat with the airline’s operations teams.

In recent years, Cathay Pacific has made huge investments in new aircraft and new products to provide a rewarding experience for its customers. The airline has also worked hard to build Hong Kong’s position as one of the world’s great aviation hubs, growing its network and building connectivity to oil the wheels of commerce, tourism and trade.

Cathay Pacific 2015 Livery Key Changes

Cathay Pacific sees the livery as a symbol of its commitment to its home city as well as a visible representation of its promise to offer a Life Well Travelled to customers. As part of its ongoing efforts to provide a richer travel experience, the airline promises a number of important upcoming developments including the introduction of the new Airbus A350 fleet, further enhancements to its products and services, and the continued expansion of its network.

The update to the livery is part of a series of ongoing improvements to Cathay Pacific’s customer experience. These include not only the new livery, but also the website and mobile app, as well as major enhancements to the airline’s airport lounges in Hong Kong, Tokyo, Manila, Bangkok and beyond.

The new Airbus A350 series will be the first fleet to launch with the new livery.

However, the airline’s existing fleet will be repainted with the new livery as aircraft go through their normal maintenance schedule over the next five years, with some 150 aircraft getting the new look in total.

The new livery comprises three key design elements: the incorporation of the updated and streamlined brushwing, which was launched in October 2014; a simplification of the colour palette to Cathay Pacific green, grey and white; and a more prominent display of the Cathay Pacific name and brushwing. These updates are most evident on three areas of the aircraft: the nose, the fuselage and the tail.

All images by Cathay Pacific.

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Garuda Indonesia takes delivery of a Boeing 777-300 in the SkyTeam livery

Boeing (Chicago, Seattle and Charleston) yesterday (October 28) delivered the pictured 777-3U3 ER (Extended Range) registered as PK-GII (msn 29145) to Garuda Indonesia (Jakarta) in the SkyTeam livery.

Garuda Indonesia became the 20th member to join the SkyTeam Alliance in August 2014, providing access to an extensive global network with more than 16,320 daily flights to 1,052 destinations in 177 countries. The Indonesian flag carrier currently operates more than 90 Boeing airplanes, including Next-Generation 737s, 777-300 ERs and 747-400s.

Garuda Indonesia, the national airline of Indonesia, connects more than 75 destinations worldwide with close to 600 daily flights and a fleet of 174 aircraft with the average age of which is less than five years old.

Photo: Boeing.

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Emirates and Alaska Airlines to codeshare

Emirates (Dubai) today (October 26) announced a new codeshare and lounge agreement with Alaska Airlines (Seattle/Tacoma).

Emirates continued:

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Pending governmental approval, Emirates will begin marketing up to 300 daily Alaska Airlines flights, which will give customers the simplicity of purchasing connecting flights on both airlines using one reservation, and a seamless ticketing, check-in, boarding and baggage check experience during the entire journey. In addition, the new codeshare agreement will feature several other new benefits including reciprocal lounge access and priority boarding and check-in for elite fliers.

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With two daily flights now departing from Dubai to Seattle/Tacoma, the enhanced codeshare agreement gives passengers easy connections to 49 cities including Honolulu, Denver, Las Vegas, Portland, Phoenix, Pullman, Sacramento, Spokane, Anchorage, Juneau, and Fairbanks as well as Canadian destinations such as Calgary, Edmonton, Vancouver and Victoria.

Top Copyright Photo: Ton Jochems/AirlinersGallery.com. Emirates Boeing 777-36N ER A6-EBC (msn 32790) taxies to the gate at Amsterdam.

Below Copyright Photo: Brian McDonough/AirlinersGallery.com. Alaska Airlines Boeing 737-990 ER N474AS (msn 40715) with the revised titles and winglet markings arrives at Baltimore/Washington.

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Air China to arrive in Newark on October 26

Air China (Beijing) will add more flights to its Beijing-New York schedule from October 26, 2015.
The flights to be added four times a week will make Air China the only Chinese carrier serving Newark Airport. Up to now, Air China has been operating two daily flights from Beijing Capital International Airport to JFK Airport.

Air China logo-1

Currently, Air China serves 8 destinations in North America, including New York, Washington, Los Angeles, San Francisco, Houston, Vancouver, Montreal and Hawaii, offering over 140 flights per week operated with Boeing 777-300ER and Boeing 747-8. In addition, Air China also offers healthy seasonal in-flight meals and VIP chauffeured transfers between the airport and downtown for passengers on the China-US flights. Comfortable cabin environment and attentive services guarantee passengers a truly pleasant travel experience.

The flights CA819/820 Beijing-New York (Newark Airport) are operated with Boeing 777-300 ER aircraft four times a week on Monday, Tuesday, Thursday and Saturday. The outbound flight departs from Beijing at 09:35 and arrives in Newark Airport at 11:05 local time. The inbound flight departs from New York at 13:25 local time and arrives in Beijing at 14:55 Beijing time the following day.

The flights CA981/982 Beijing-New York (JFK Airport) are operated with Boeing 747-800 on a daily basis. The outbound flight departs from Beijing at 13:00 and arrives in JFK Airport at 14:30 local time; the inbound flight departs from New York at 16:50 local time and arrives in Beijing at 18:20 Beijing time the following day. At the same time, flights CA989/ 990 Beijing-New York (JFK Airport) are operated with Boeing 777-300 ER on a daily basis. The outbound flight departs from Beijing at 10:00 and arrives in JFK Airport at 11:30 local time; the inbound flight departs from New York at 13:50 local time and arrives in Beijing at 15:40 Beijing time the following day.

Copyright Photo: Fred Freketic/AirlinersGallery.com. Boeing 777-39L B-2036 (msn 38676) is pictured during the winter at JFK International Airport.

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Cathay Pacific takes delivery of its 70th Boeing 777 and last 777-300 ER

Cathay Pacific 777-300 B-HNR (94)(Nose-Delivery Ceremony) PAE (Boeing)(LRW)

Boeing (Chicago, Seattle and Charleston) and Cathay Pacific Airways (Hong Kong) celebrated a significant achievement with the delivery of the airline’s 70th 777 aircraft – also the last and 53rd 777-300 ER (Extended Range) of its confirmed orders – that has made Cathay Asia’s largest operator of the 777 fleet.

Cathay Pacific 2014 logo

With this delivery, Cathay Pacific’s 777 aircraft fleet comprises of 53 777-300 ERs, 12 777-300s and five 777-200s. The airline is one of the launch customers for the 777X with 21 777-9 airplanes on order.

Cathay Pacific took delivery of its first 777-300 ER in September 2007.

The new delivery will also help Cathay Pacific retire its remaining passenger Boeing 747-400s.

Cathay Pacific group operates flights to nearly 200 destinations worldwide with its own fleet of more than 200 aircraft.

Photo: Boeing. The pictured Boeing 777-367 ER B-HNR (msn 60724) was officially handed over on September 26.

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Emirates and Boeing celebrate the delivery of the 150th 777

Emirates Airline (Dubai) and Boeing (Chicago, Seattle and Charleston) have celebrated the simultaneous delivery of three 777s – two 777-300ERs and one 777 Freighter – marking the entry of the 150th 777 into Emirates’ fleet.

The triple delivery marks the first time in 15 years that Boeing has delivered three 777s at one time to a single customer.

Emirates is the world’s largest operator of the 777 and also the only airline ever to operate all six of the 777 variants introduced into service by Boeing.

 

Emirates ordered its first Boeing 777s in 1992 with delivery beginning in June 1996. The airline’s order book for the 777 continued to grow over the following years including a then record-breaking order for 50 777-300 ERs at the 2011 Dubai Airshow and 150 777Xs at the 2013 edition.

Today’s 777-300 ER, which forms the largest part of the Emirates fleet, is the most fuel and cost-efficient airplane in its class and the most reliable twin-aisle aircraft in the world with an on-time departure rate of 99.5 percent. It also has the highest cargo capability of any passenger airplane. Emirates currently has 46 additional 777-300 ERs on order with Boeing.

With this delivery, Emirates now has 13 777 Freighters, the world’s largest and longest range twin-engine freighter, capable of flying 4,900 nautical miles (9,070 kilometers) with a full payload at general cargo market densities. The airplane’s range capability translates into significant savings for cargo operators – fewer stops and associated landing fees, less congestion at transfer hubs, lower cargo handling costs and shorter cargo delivery times.

Boeing also provides Emirates with essential support and services including parts and components and Airplane Health Management to speed the detection and resolution of maintenance issues, Jeppesen Crew Rostering services to optimize flight crew scheduling, and AerData STREAM (Secure Technical Records for Electronic Asset Management) to manage aircraft and engine records.

Photo: Boeing 777-31H ER A6-EPB (msn 42321) sits at the special ceremony at Boeing as the 150th Boeing 777 for the airline.

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Aeroflot Group reports a net loss for the first half

Aeroflot Group (Aeroflot Russian Airlines) (Moscow) today (August 31) published its consolidated interim financial statements for the six months ended June 30, 2015, in accordance with International Financial Reporting Standards:

Aeroflot logo

First Half (1H) 2015 Operating and Financial Highlights for Aeroflot Group:

  • Group passenger traffic increased by 14.0% year-on-year, with 33.4% year-on-year growth in the domestic segment;
  • Aeroflot Group increased its market share [1] by 5.8 percentage points (p.p.) year-on-year to 37.0%;
  • Revenue reached RUB 176,467 million, up 25.8% year-on-year;
  • EBITDAR [2] nearly doubled year-on-year to RUB 33,252 million;
  • EBITDA [2] increased by more than two-fold year-on-year to RUB 13,311 million;
  • Operating profit amounted to RUB 5,866 million as compared to an operating loss of RUB 1,384 million in 1H 2014;
  • Net loss amounted to RUB 3,541 million ($52,699.99)

Shamil Kurmashov, PJSC Aeroflot Deputy CEO for Finance and Network and Revenue Management, commented:

“In the first half of 2015, Aeroflot Group strengthened its position as the leader in the Russian air transportation market with 14.0% year-on-year growth in passenger traffic and a 5.8 percentage point increase in market share. This was driven by strong operational performance at Aeroflot airline and the successful roll-out of Russia’s first low-cost carrier, Pobeda, which has quickly become one the top airlines in the country. The Group also benefited from changes in the competitive landscape, taking market share from foreign carriers that decreased frequencies on a number of routes as well as less efficient Russian peers.

“Our focus on the high-growth domestic market paid off with strong increases in Group traffic, which drove revenue up 25.8% year-on-year to RUB 176.5 billion, while strict cost control reined in growth of operational expenses despite exchange rate volatility. As a result, in the first half of 2015 Aeroflot Group posted an operating profit of RUB 5.9 billion; EBITDA and EBITDAR also rose, and the EBITDA and EBITDAR margins increased 3.9 and 6.9 percentage points to 7.5% and 18.8%, respectively.

“The Group focused on fleet optimization, cost-cutting, boosting efficiency of business processes and financial management, and maintaining a robust financial position. We are confident our policy of expanding our presence on the growing Russian market, maintaining customer loyalty and increasing business efficiency will enable continued growth in the Group’s profitability as the Russian economy recovers.”

In 1H 2015, Aeroflot Group’s revenue increased by 25.8% year-on-year to RUB 176,467 million, primarily as a result of an increase in revenue from Scheduled passenger flights and Other revenues.

Revenue from scheduled passenger flights in 1H 2015 increased by 30.0% year-on-year to RUB 144,087 million, boosted by 14.0% growth in passenger traffic year-on-year. Revenue from charter flights decreased by 71.0% to RUB 2,075 million, due to the Group’s strategy to decrease its presence in this market segment, as well as overall market dynamics in tourism traffic.

Despite a 1.0% decrease in the volume of cargo and mail carried in 1H 2015, cargo revenue increased 16.3% year-on-year on the back of stronger yields.

Other revenues increased by 39.9% year-on-year to 25,863 million, mainly driven by an increase in FX-denominated revenues from airline agreements following changes in the exchange rate.

Notes:

1. Including foreign carriers traffic.

2. EBITDAR = EBITDA before operating lease expenses. EBITDA = operating income + depreciation & amortization + customs duties.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-3M0 ER VQ-BUB (msn 41690) departs from Los Angeles International Airport.

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Air China announces a new code share agreement with South African Airways

Air China (Beijing) has announced a code share agreement with South African Airways (Johannesburg) that will enable SA to put its code on CA’s newly inaugurated nonstop service between Beijing and Johannesburg as well as points beyond Beijing to Chengdu, Shanghai, Hangzhou and Chongqing.

Air China logo-1

Air China will in turn put its code on SA’s services between Johannesburg to Cape Town, Durban and Port Elizabeth. The code share arrangement will open for sale from August 25, for travel effective October 29, 2015.

South African logo-1

Both airlines are Star Alliance members, an alliance offering a network unlike any other; with 28 member airlines providing over 18,500 flights a day to over 1,330 destinations in more than 192 countries around the world.

The flights, CA867/8 Beijing – Johannesburg are to be operated on Tuesday/Thursday/Sunday (outbound) and on Monday/Wednesday/Friday (inbound). The outbound flight departs from Beijing at 23:15 Beijing time, and arrives in Johannesburg at 7:35 local time on the following day. The inbound flight departs from Johannesburg at 11:50 local time and arrives in Beijing at 7:30 Beijing time. The flights are to be operated with Boeing 777-300 ER aircraft.

Copyright Photo: AirlinersGallery.com. Air China’s Boeing 777-39L ER B-2006 (msn 44931) in the special “Love China” livery taxies at London (Heathrow).

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Air China to start nonstop Beijing – Johannesburg service

Air China (Beijing) has announced it will start Beijing – Johannesburg nonstop service on October 29, 2015 , which will be the first air link offered by a Chinese carrier between Mainland China and South Africa and also Air China’s first route to Africa.

The flights, CA867/8, Beijing – Johannesburg are to be operated on Tuesday/Thursday/Sunday (outbound) and on Monday/Wednesday/Friday (inbound). The outbound flight departs from Beijing at 23:15 Beijing time, and arrives in Johannesburg at 7:35 local time on the following day. The inbound flight departs from Johannesburg at 11:50 local time and arrives in Beijing at 7:30 Beijing time. The flights are to be operated with Boeing 777-300 ER, an aircraft type quite popular with the world’s business travelers.

This year, Air China will also start Beijing – Addis Ababa service.

Copyright Photo: AirlinersGallery.com. Boeing 777-39L ER B-2035 (msn 38674) in the special “Smiling China” color scheme taxies at London (Heathrow).

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