Tag Archives: Airbus A330-243

TUI Group sells a majority stake of Corsair to INTRO Aviation

Corsair International Airbus A330-243 F-HCAT (msn 285) ORY (Jacques Guillem). Image: 946015.

TUI Group has made this announcement:

  • German aviation investor acquires majority stake in French scheduled carrier
  • Corsair’s Employee Trust Fund and TUI to retain minority stakes
  • Further milestone in the implementation of TUI’s strategy in all business segments

TUI is the world’s leading tourism group. Since 2014, its portfolio of subsidiaries and international shareholdings has been clearly aligned to help implement the Group’s strategy. The Group has now taken the next step towards becoming a “pure play tourism” company with the sale of the French scheduled carrier Corsair. TUI Group has sold a majority stake in its French airline Corsair to German investor INTRO Aviation. INTRO will acquire a 53 percent stake in Corsair as a first step. Under the agreement, TUI Group will initially retain a minority stake of 27 percent, while Corsair’s Employee Benefit Trust will retain a 20 per cent stake. The financial details of the agreement have not been disclosed.

The French long-haul scheduled carrier is unable to deliver any synergy effects for TUI Group, TUI tour operators and cruise companies, and the Group’s five European charter airlines. The sale will reduce TUI’s fleet by seven long-haul aircraft: three 747-400s as well as two A330-200s and A330-300s each.

“We are consistently transforming TUI to focus on tourism, its core business. Here, we are investing in hotels and cruise ships, and increasingly in holiday experiences in the destinations. These are segments in which we are growing, and where we are continuing to expand our global activities. We are exiting non-core business areas that do not leverage any synergies for the Group. The sale is the right move for TUI and will also benefit Corsair and its staff,” said TUI CEO Fritz Joussen.

Since the merger and integration of its former subsidiary TUI Travel at the end of 2014, TUI AG has successfully transformed from a trading business to the world’s leading integrated tourism group focusing on hotels, cruise ships and destination activities. This strategy resulted in the sale of numerous non-core subsidiaries and it has increased the Group’s leeway for comprehensive investments in hotels, ships and digital platforms in order to strengthen its future business.

The sale now initiated will create new and sustained prospects for the French airline Corsair and its employees. The investor is specialised on aviation and investments in aviation companies. Corsair’s business will be part of the investor’s core business.

Copyright Photo: Corsair International Airbus A330-243 F-HCAT (msn 285) ORY (Jacques Guillem). Image: 946015.

Corsair aircraft slide show:



Hawaiian Holdings reports 2018 fourth quarter and full year financial results

Named "Nahiku"

Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, Inc., reported its financial results for the fourth quarter and full year 2018.

Fourth Quarter 2018 – Key Financial Metrics


YoY Change


YoY Change

Net Income





Diluted EPS





Pre-tax Margin


(9.5) pts.


(3.8) pts.

Full Year 2018 – Key Financial Metrics


YoY Change


YoY Change

Net Income





Diluted EPS





Pre-tax Margin


(4.0) pts.


(4.4) pts.


“Hawaiian delivered another year of strong financial results in 2018, with an adjusted pre-tax margin in the top tier of industry performance,” said Peter Ingram, Hawaiian Airlines president and CEO.  “Undaunted by higher fuel prices, elevated competitive capacity, aircraft delivery delays and severe weather events, our employees once again demonstrated why Hawaiian is the carrier of choice to Hawai’i.

“2019 will be an important year for Hawaiian.  Successfully dealing with all of 2018’s twists and turns gives me tremendous confidence in our ability to sustain and build upon our achievements in the years ahead.”

Statistical data, as well as a reconciliation of the reported non-GAAP financial measures, can be found in the accompanying tables.

Liquidity and Capital Resources

The Company returned $126.7 million to shareholders in 2018 through $102.5 million in share repurchases and $24.2 million in dividends.  In December 2018, the Company also announced a new $100 million share repurchase program in effect through December 31, 2020.

On January 25, 2019 the Company’s Board of Directors declared a quarterly cash dividend of 12 cents per share to be paid on February 22, 2019 to all shareholders of record as of February 8, 2019.

As of December 31, 2018 the Company had:

  • Unrestricted cash, cash equivalents and short-term investments of $501 million.
  • Outstanding debt and capital lease obligations of $710 million.

2018 Highlights


  • Carried a record 11.8 million passengers in 2018, a 2.9 percent increase over the previous year.
  • Announced it will open a technology center in Phoenix, Arizona, in the first quarter of 2019 to strengthen its IT capabilities.

New routes and increased frequencies

  • North America
    • Expanded its routes to the Pacific Northwest with the launch of new daily nonstop service between Portland International Airport (PDX) and Maui’s Kahului Airport (OGG).
    • Expanded its routes to Southern California with the launch of new daily nonstop flights between Long Beach Airport (LGB) and Honolulu’s Daniel K. Inouye International Airport (HNL), and new daily nonstop flights between San DiegoInternational Airport (SAN) and Maui (OGG).
    • Extended seasonal nonstop service to year-round non-stop service between Los Angeles International Airport (LAX) and Ellison Onizuka Kona International Airport (KOA).
    • Announced expanded service to Northern California with new daily nonstop flights between Sacramento International Airport (SMF) and Maui (OGG) beginning April 2019.
    • Announced its second East Coast route with new five-times-a-week nonstop service between Boston’s Logan International Airport (BOS) and Honolulu (HNL) beginning April 2019.
  • International
    • Expanded seasonal winter service to international destinations, including:
      • increasing nonstop service between Seoul’s Incheon International Airport (ICN) and Honolulu (HNL) to daily flights between mid-January and early-February 2019; and
      • increasing nonstop service between Sapporo’s New Chitose Airport (CTS) and Honolulu (HNL) with five weekly flights during the first half of February 2019.


  • Expanded its cargo services with the launch of All-Cargo Neighbor Island service between Honolulu (HNL), Lihu’e Airport (LIH) and Hilo International Airport (ITO).  The All-Cargo Neighbor Island service, which currently consists of two ATR 72 aircraft, is expected to expand in 2019 with the addition of flights between Honolulu (HNL) and both Maui (OGG) and Kona (KOA).

Product and loyalty

  • Announced the expansion of its Business Class auction upgrade service, Bid Up by Hawaiian Airlines, to include flights operating between Hawai’i and Japan and South Korea, in addition to flights operating between Hawai’i and North America.
  • Extended its partnership with Barclaycard US, Hawaiian’s co-branded credit card partner, under a new agreement through 2024 that includes improved economics for Hawaiian and a refreshed rewards structure for the Hawaiian Airlines World Elite Mastercard and the Hawaiian Airlines Business Mastercard to enable cardmembers to earn more miles faster.


  • Together with Japan Airlines, filed an application with the U.S. Department of Transportation (DOT) and Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) seeking antitrust immunity to create a joint venture that promises significant consumer benefits and the opportunity for service expansion.
  • Enhanced its comprehensive partnership with Japan Airlines with the implementation of reciprocal frequent flyer benefits for HawaiianMiles and JAL Mileage Bank members effective October 2018.  The enhanced program is the second phase of the comprehensive partnership launched in March 2018 with codeshare flights.
  • Announced an expansion of the codeshare agreement with JetBlue that allows travelers from dozens of cities, most of them in the eastern U.S., to easily connect to the Hawaiian Islands via Boston’s Logan International Airport (BOS) starting in April 2019.

Fleet and financing

  • Secured its flagship widebody aircraft of the next decade with the signing of a definitive purchase agreement with Boeing for the purchase of 10 Boeing 787-9 aircraft, including purchase rights for an additional 10 aircraft, to be delivered starting in 2021.
  • Signed a definitive agreement with General Electric for the purchase of GEnx engines to power its Boeing 787-9 fleet.
  • Took delivery of nine Airbus A321neo aircraft, increasing the size of its Airbus A321neo fleet to eleven aircraft.
  • Entered into two Japanese Yen-denominated debt financings, each collateralized by an Airbus A321neo aircraft.
  • Took delivery of an ATR 42 turboprop aircraft in June, increasing the size of its ‘Ohana by Hawaiian passenger turboprop fleet to four aircraft.
  • Increased the size of its secured revolving credit facility from $225 million to $235 millionand extended the term through December 2022.


  • Contributed $50 million during the year to its pilots’ pension plan. The plan’s funded status improved from 69.6 percent funded at the end of 2017 to 77.4 percent at the end of 2018.
  • Celebrated the beginning of its 90th year of service in the Hawaiian Islands with a company-matched employee giving campaign that generated $187,000 in donations to non-profit agencies across the State of Hawai’i.  The 90th year fundraiser is in addition to sponsorships and grants the Company provides annually through its Team Kokua program and Hawaiian Airlines Foundation.

Top Copyright Photo (all others by the airline): Hawaiian Airlines Airbus A330-243 N388HA (msn 1310) LAX (Michael B. Ing). Image: 944822.

Hawaiian aircraft slide show:

Route Maps:

Fact Sheet:

XL Airways France orders two Airbus A330-900neo aircraft

Airline Color Scheme - Introduced 2006

XL Airways France (Paris) has ordered two Airbus A330-900neo aircraft with the first delivery in 2020.

The French airline currently operates three Airbus A330-200s (above) and one A330-300.

Top Copyright photo: XL Airways France (XL.com) Airbus A330-243 F-GSEU (msn 635) BRU (Karl Cornil). Image: 925213.

XL Airways France aircraft slide show:


TAME to drop the New York route as part of restructuring

TAME Airbus A330-243 HC-COH (msn 348) JFK (Fred Freketic). Image: 944265.

TAME is dropping the New York (JFK) route on February 1, 2019 due to the financial losses on the route.

The airline is likely to dispose of its single Airbus A330-200 (HC-COH) assigned to the route.

The company made this statement at the end of 2018 (translated from Spanish):

In 2019, the company plans to strengthen the domestic market and analyze the international market, focusing on routes that generate profitability. It should be noted that in 2019 certain aircraft lease agreements will expire, so the fleet approval process will begin, the main focus of which is the optimization of the operational cost that will make the results profitable.

The company also aims to generate a strategic alliance, with investment partners or allies, to strengthen the business model and stabilize the company within the next 3 years.

The airline reaffirms its commitment to quality of service, punctuality, security and air connectivity, in addition to continuing to promote the tourist and commercial development of Ecuador.

Top Copyright Photo (all others by the airline): TAME Airbus A330-243 HC-COH (msn 348) JFK (Fred Freketic). Image: 944265.

TAME aircraft slide show:


Tibet Airlines to launch a new route to Helsinki, Finland

Delivered as B-8320 on June 30, 2016

Tibet Airlines is planning to open a new twice-weekly route connecting Jinan with Helsinki starting on April 8, 2019.

Finnavia (Helsinki Airport) issued this statement:

Direct flight connections between Finland and China will increase as the first Chinese airline
company Tibet Airlines commences flights from Jinan, China, to Finland on April 8, 2019.


Tibet Airlines’ new route gives Finnish travellers access to yet another Chinese city, Jinan, and also brings both Finland and the rest of Europe closer to China. In terms of the number of flight connections, Helsinki Airport is clearly the leading airport in all of Northern Europe. Next summer, 44 weekly flights for China alone will depart from Helsinki Airport. In 2018, 835000 passengers traveled between Finland and China, and therefore the role of the new route is highly important for both Finland and Finavia.

It is currently planned that flights on the new route will commence on April 8th, and they will be operated with Airbus A330 wide-bodied aircraft twice a week on Mondays and Thursdays. Flights to Jinan will be available both in business and economy class. With approximately seven million residents, Jinan is the capital of the Shandong province, located along the Yellow River in China. Tibet Airlines is the first Chinese airline company to commence flights to Finland.

To establish the Jinan route, Finavia has collaborated with the City of Vantaa trade and business services and Visit Finland.

Flight connections to China are the highlight of the summer 2019 at Helsinki Airport: Jinan, Beijing, Shanghai, Xi’an, Chongqing, Guangzhou, Nanjing, Hong Kong.

In December 2018, Finavia’s Helsinki Airport hit its all-time record in terms of passenger numbers: 20 million passengers. Passenger numbers at Helsinki Airport have increased dramatically. In 2017, it was estimated that the threshold of 20 million annual passengers would not be broken until 2020. In 2018, the number of passengers was nearly 21 million.

Top Copyright Photo (all others by the airline): Tibet Airlines Airbus A330-243 F-WWKU (B-8420) (msn 1730) TLS (Eurospot). Image: 933086.

Tibet Airlines aircraft slide show:



Avianca Brasil files for bankruptcy protection

Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A330-243 PR-OCX (msn 1657) JFK (Fred Freketic). Image: 944740.

Avianca Brasil on December 11, 2018 announced it was filing for bankruptcy protection.

The airline also stated its passengers flights will continue. The debts from its creditors amounts to almost 493 million reais ($127 million).

The airline issued this statement (translated from Portuguese):

We are here to clarify the news circulated in the press.

Due to the resistance of our aircraft lessors to an amicable agreement, we had to file a request for judicial recovery to protect you, our customers and passengers. As the first court decision, we have had the release of our fleet to comply with all scheduled flights at the airports where we operate.

That is, our operations WILL NOT BE AFFECTED.

You, our passengers, can have absolute peace of mind in making your reservations and purchasing your tickets, since all sales and flights are and will be kept.

We will continue here, serving all customers, flying to all destinations with the quality and excellence for which we are known and recognized.

Let’s continue with our mission: make you fall in love. Just come!

Avianca Brasil

More from Reuters:

Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, which could prevent the carrier from continuing to operate.

The unlisted airline said in its bankruptcy filing that leasing companies seeking to take back some 30 percent of its all-Airbus fleet threatened its ability to fly some 77,000 passengers in December.

Avianca said in a statement that the bankruptcy filing resulted from a failure to reach a “friendly agreement.” It also said its flights would not be affected.

The aircraft are still under Avianca Brasil’s control for now and it remains unclear what their fate will be as the carrier is asking a Brazilian court to allow it to keep the planes for now.

The airline said in the filing it largely blamed high fuel prices and a strong dollar for its troubles.

Avianca Brasil is owned by holding company Synergy Group, which also controls the better-known Avianca Holdings SA, a publicly listed airline based in Colombia. Still, the fate of one company is linked to the other.

Top Copyright Photo (all others by the airline): Avianca (Brazil) (OceanAir Linhas Aereas) Airbus A330-243 PR-OCX (msn 1657) JFK (Fred Freketic). Image: 944740.

Avianca Brasil aircraft slide show:

Route Map:

Azul announces a new international route to Porto, Portugal

Azul Brasil (Azul Linhas Aereas Brasileiras) Airbus A330-243 PR-AIU (msn 494) (Azul Viagens) FLL (Brian McDonough). Image: 931964.

Azul has announced a new nonstop service to Porto, Portugal starting on June 3, 2019.

The new destination will receive three weekly flights from Sao Paulo (Campinas), Azul’s main hub, which will have a total of 17 weekly frequencies to Portugal.

The Portuguese city is the second destination in Europe to receive flights from Azul after Lisbon.

The nonstop flight will be operated on an Airbus A330, with 272 seats. With the addition of this new flight, Campinas, the largest hub in Latin America, will offer nonstop service to 57 destinations, including Orlando, Fort Lauderdale/Hollywood and Lisbon.

In partnership with Aigle Azur, Azul also offers flights to Paris, France.

Top Copyright Photo (all others by the airline): Azul Brasil (Azul Linhas Aereas Brasileiras) Airbus A330-243 PR-AIU (msn 494) (Azul Viagens) FLL (Brian McDonough). Image: 931964.

Azul aircraft slide show: