Tag Archives: Boeing 747-800

AirBridgeCargo launches a Boeing 747 around-the-world cargo route

AirBridgeCargo Airlines-ABC (Volga-Dnepr Group) (Moscow) on April 2 launched an around-the-world route with twice-weekly cargo service on the Moscow (Sheremetyevo) – Shanghai (Pudong) – Anchorage – Los Angeles – Chicago (O’Hare) – Amsterdam route per Airline Route.

AirBridgeCargo logo-1

In other news, AirBridgeCargo reported a 20% increase in tonnage for the first quarter of 2015, continuing the trend set by previous years.

According to the airline, “In the January 1-March 31 period this year, ABC carried 103,816 tons across its international route network connecting customers in Europe, the United States and Asia Pacific through its hub in Moscow.

At present the airline operates scheduled flights to 26 destinations in 14 countries using its enlarged fleet of 14 Boeing 747 family aircraft.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Boeing 747-867F VQ-BVR (msn 60687) passes through Amsterdam on the special long-range route.

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Boeing 747-800 Intercontinental receives FAA approval for 330-minute ETOPS

Boeing (Chicago, Seattle and Charleston) has received 330-minute Extended Operations (ETOPS) approval from the U.S. Federal Aviation Administration (FAA) for the Boeing 747-8 Intercontinental. It is the first time a four-engine airplane has received this type of design approval.

With this approval, required for four-engine passenger airplanes built after Feb. 2015 to fly beyond 180 minutes from an en-route alternate airport, the 747-8’s design is approved to conduct 330-minute ETOPS missions. These missions allow operators to fly long-distances more directly on virtually any worldwide city pair routing.

Although ETOPS has been a requirement for twin-engine airplanes since the 1980s, the regulations have recently been applied to the design of passenger airplanes with more than two engines.

With 83 airplanes in service with 11 customers, 747-8s have logged more than 619,000 flight hours and more than 101,000 flight cycles.

Copyright Photo: Nick Dean/AirlinersGallery.com. Boeing 747-8KZF N50217 (JA12KZ) (msn 36137) climbs away from Paine Field near Everett.

Boeing 747 aircraft slide show: AG Airline Slide Show

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Lufthansa Group’s 2014 net profit declines over 84% to only $58.1 million

Lufthansa Group (Frankfurt) reported a much lower 2014 net profit of €55 million ($58.1 million), down significantly from €313 million ($330.8 million) for 2013. The group blamed the decline “to a number of factors, particularly a reduction in the market value of the exchangeable notes for JetBlue shares and the adverse impact of the changes in the value of fuel price hedging options. The net result under IFRS was further burdened by the contractually-agreed sale of the infrastructure division of Lufthansa Systems AG.” The strikes by the LH pilots also hurt.

Revenue for the year remained flat at €30 billion ($31.7 billion).

Here is the full statement:

Deutsche Lufthansa AG achieved its operating-result objective for 2014. The EUR 954 million operating profit reported for the year was a EUR 255 million or 37% improvement on the prior-year result. Following a revision of its original projections owing to negative yield trends and the extraordinary impact of strike action, the company had projected an operating profit for the year of EUR 1 billion in June 2014, provided no additional costs were incurred through further industrial action.

Total Lufthansa Group revenue for the year remained broadly unchanged at around EUR 30 billion, despite the substantial yield declines in the passenger transport segment. Results were boosted by a EUR 364 million decline in fuel costs (deriving largely from fuel price reductions) and a EUR 351 million benefit from the changes that were made to the Lufthansa Group’s aircraft and spare powerplant depreciation policy in 2014.

Strike actions by pilots and security personnel reduced the 2014 operating result by a total of EUR 232 million (EUR 62 million thereof in December alone). The adjusted operating result, which excludes the non-recurring effects of SCORE-related restructuring costs and project costs, amounted to EUR 1.2 billion (compared to EUR 1.0 billion for 2013). The high investments of EUR 2.8 billion were largely concerned with fleet renewals and cabin interior enhancements.

“Our results for 2014 show us clearly where we currently stand,” says Carsten Spohr, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG. “On the one hand, all the business segments of the Lufthansa Group are profitable and, with an operating profit of almost EUR 1 billion, we achieved our projection in a far-from-easy year. At the same time, though, with our high investments in modern aircraft and premium services, we simply have to further increase our operating profit. For this we need competitive structures; and that’s what we continue to consistently work on.”

Net profit for the year under IFRS amounted to EUR 55 million, substantially below the EUR 313 million of 2013. The decline is attributable to a number of factors, particularly a reduction in the market value of the exchangeable notes for JetBlue shares and the adverse impact of the changes in the value of fuel price hedging options. The net result under IFRS was further burdened by the contractually-agreed sale of the infrastructure division of Lufthansa Systems AG.

The 2014 net result under the German local GAAP HGB was even further depressed. In addition to the sale of the IT infrastructure division, the net result here was reduced in particular by an increase in pension liabilities following a further fall in average interest rates, and by the need to make provisions for contingent losses on fuel price hedges following the steep oil price declines. As a consequence, the net result under the local GAAP HGB amounted to EUR -732 million. The loss was offset by a corresponding transfer from capital reserves. In view of the HGB net loss, no dividend can be distributed for 2014.

“Given the results that we achieved in our core business, we can no longer regard sticking to inherited uneconomic structures as an option for the future of the Lufthansa Group,” Carsten Spohr concludes. “The competitive pressures on our airlines will only further increase. We have substantially improved our products and services, and we’ve further raised the quality of our group member carriers. We’re back among the world’s best airlines in the eyes of our customers. What we need to do now is lay the foundations on which we can regain a leading position in our industry in economic terms, too.”

Passenger airlines feel intensified market pressures

The Passenger Airline Group contributed EUR 553 million to the group operating result, a EUR 40 million increase on the EUR 513 million of the previous year. Despite substantial assistance in the form of lower fuel costs and the changed depreciation policy, Lufthansa German Airlines’ EUR 252 million operating profit fell short of the EUR 282 million of 2013. The results for Lufthansa German Airlines include those of Germanwings, which made further progress in 2014 on its path to profitability. SWISS met expectations with an operating profit of EUR 289 million.

Austrian Airlines posted an operating profit of EUR 10 million, substantially down from the EUR 25 million of 2013. The decline is in part the result of falling yields on numerous routes. Yield declines in the face of a further intensification of competitive pressures were tangibly felt in the results of all the Lufthansa Group’s member airlines. In addition, Austrian Airlines’ results for 2014 also include the one-off costs incurred in the conclusion of a new and more competitive collective labor agreement with its personnel. On the plus side, the new CLA marks a major step for the carrier towards establishing competitive structures, and thus lays a key foundation for its future success.

Positive trends at Lufthansa Cargo and the service companies

The service companies of the Lufthansa Group maintained their operating results at their previous high levels. Lufthansa Technik posted an operating profit of EUR 392 million, only slightly short of its record EUR 404 million of 2013. LSG Sky Chefs also continued its strong business performance of the past few years with an operating profit of EUR 100 million. IT Services, which was being reported as a single business entity for the last time in 2014, posted another favourable operating profit of EUR 37 million (compared to EUR 36 million for 2013). Lufthansa Cargo raised its operating profit from the EUR 79 million of 2013 to EUR 100 million. Despite tough competition within the airfreight sector and higher depreciation needs, the Lufthansa Group’s logistics business was able to maintain its success thanks to its efficient capacity management and its modernized freighter fleet.

“With their strong business results, our service companies have shown once again that they make an invaluable contribution to the broad-based positioning of the Lufthansa Group,” comments Simone Menne, Chief Officer Finance & Aviation Services of Deutsche Lufthansa AG. “They generate stable returns and they are active participants in the further global growth of the aviation sector. And with our goal of raising the proportion of Lufthansa Group revenues that we generate outside our classic airline hub business from 30% to 40%, we want to make even greater use in future of this stabilizing effect.”

Lufthansa aims to be first choice for customers, employees, shareholders and partners

The Lufthansa Group unveiled an ambitious work programme with seven fields of action last July. In addition to other objectives, the programme is intended to secure quality leadership in the Group’s business segments, enhance the efficiency of organizational structures and processes and strengthen the Group’s innovative credentials. This in turn should enable the Group to devise, develop and implement profitable new concepts for its further growth. The new Eurowings, which will offer attractive short- and long-haul services from the 2015/16 winter schedules onwards, is one example of the new growth opportunities that can arise from an efficient structural foundation.

Many further efficiency-enhancing projects and actions were developed under the groupwide SCORE programme last year. All in all, SCORE generated over 6,000 individual projects between 2012 and 2014 that contributed EUR 2.5 billion to the Group’s bottom line. At the same time, however, these results enhancements have been almost entirely nullified by adverse trends over the same period, such as cost inflation and yield declines. SCORE will now be incorporated into one of the fields of action within the work programme, and will thus become a permanent groupwide concern.

“After the safety of our flight operations, it’s ensuring our future viability that is our paramount priority,” said Carsten Spohr on the Lufthansa Group’s further development at the Annual Results Media Conference today. “And, having set our key courses in 2014, we’ll be placing the focus this year on putting into practice what we’ve resolved to do to achieve this objective.”

Clearer projection for 2015: adjusted EBIT of over EUR 1.5 billion

The Lufthansa Group expects business to improve in 2015, when the Group will adopt the new financial indicators of EBIT and adjusted EBIT for the first time. Adjusted EBIT is EBIT (earnings before interest and taxes) net of book gains or losses on disposals, extraordinary appreciation or depreciation and non-recurring pension-fund transactions. The switch should enhance the transparency and the comparability of the Lufthansa Group’s results. For 2015 the Group expects to report an adjusted EBIT of over EUR 1.5 billion, a substantial improvement on the 2014 group operating result. Adjusted EBIT for 2014 amounted to EUR 1.2 billion.

Lufthansa German Airlines expects to post a tangible improvement in its operating result, though this will continue to be saddled by fleet re-equipment project costs. Groupwide investments are planned to total EUR 2.9 billion in 2015, but should then be limited to EUR 2.5 billion each in 2016 and 2017. For SWISS the Group expects an operating result that is broadly in line with 2014’s, despite the adversities caused by the strengthening of the Swiss franc.

Austrian Airlines should reap the benefits of its restructuring programme in the course of 2015 and achieve a substantial improvement in its operating result. Lufthansa Cargo is expected to effect a slight improvement in results, while the profits at Lufthansa Technik are likely to see a slight decline as the Group’s MRO business invests more substantially in growth projects. The Lufthansa Group also expects to report a tangible increase in operating profit at LSG Sky Chefs, the world’s leading airline catering group.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 747-830 D-ABYP (msn 37839) with the special “1500th Boeing 747” markings arrives at Los Angeles International Airport.

Lufthansa aircraft slide show: AG Airline Slide Show

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Korean Air to introduce the Boeing 747-800 on the London Heathrow route

Korean Air (Seoul-Incheon) has 10 passenger Boeing 747-800 Intercontinental Jumbos on order with the first copy due this year. The carrier already operates five freighter versions.

The carrier is now planning to introduce the passenger version on August 2, three days a week, on the Seoul (Incheon) – London (Heathrow) route. The new type will be operated on a daily basis starting on September 1 per Airline Route.

The newer Boeing 747-800s will replace the older remaining Boeing 747-400s.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Korean Air is already an operator of the freighter version. Boeing 747-8HTF HL7609 (msn 37132) prepares to touch down in Anchorage, Alaska.

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Cargolux takes delivery of its 30th direct delivery Boeing 747, adds a special decal in honor of Joe Sutter

Cargolux 747-8F Delivery Honors Joe Sutter

Boeing (Chicago, Seattle and Charleston) and Cargolux Airlines (Luxembourg) are celebrating the 30th direct delivery of a 747 Freighter to the Luxembourg-based cargo carrier. To mark the occasion, Cargolux’s latest 747-8 Freighter carries a special decal of the “Father of the Boeing 747,” Joe Sutter, the Boeing engineer who led the team that designed the airplane.

Cargolux 747-8F Delivery Honors Joe Sutter

Photos Above: Boeing. The pictured Boeing 747-8R7F LX-VCL (msn 35823) with the special Joe Sutter emblem on the nose was officially handed over to the carrier on March 5.

Video Below: Interview with Joe Sutter.

This latest delivery was the 12th 747-8 Freighter to join Cargolux’s fleet, with the Luxembourg carrier becoming the world’s first operator of the airplane type in October 2011. Prior to the introduction of the 747-8 Freighter, Cargolux took delivery of the first of two 747-200 Freighters in 1979 and in 1993 also became the world’s first operator of the 747-400 Freighter, taking a total of 16 747-400 Freighters.

In January 2015, Cargolux began operations to Manaus Airport in Brazil with a 747-8 Freighter carrying a full load of machinery spare parts and telecommunications equipment. In the process, Manaus Airport became the 100th commercial airport that Cargolux serves with the 747-8 Freighter, underlining the airplane’s incredible versatility in the world cargo market.

Cargolux currently has two unfilled orders for 747-8 Freighters, with the all-Boeing carrier operating a fleet composed entirely of 747-400 Freighters and 747-8 Freighters.

Cargolux aircraft slide show: AG Airline Slide Show

Silk Way West orders three additional Boeing 747-800 freighters

Silk Way West  (formerly Silk Way Airlines) (Baku) and Boeing (Chicago, Seattle and Charleston) have announced an order for three 747-8 Freighter airplanes valued at more than $1.1 billion at current list prices.

Silk Way West is an enterprise of the Silk Way Group, which includes 23 companies working in the aviation industry and related services. The airline currently operates seven Boeing airplanes, including two 767-300 Freighters, three 747-400 Freighters and two 747-8 Freighters.

According to Boeing, “there are now 56 747-8 Freighters in service with eight customers, the 747-8 Freighters have logged more than 500,000 flight hours and more than 88,000 flight cycles. They are performing with the highest dispatch reliability and utilization of any four-engine airplane in service.”

Copyright Photo: Royal S. King/AirlinersGallery.com. Silkway Azerbaijan Cargo (Silk Way West Airlines) Boeing 747-83QF VQ-BVC (4K-SW882) (msn 44937) lands at Paine Field near Everett.

Silk Way West aircraft slide show: AG Airline Slide Show

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Lufthansa to introduce the Boeing 747-800 on the Newark route tomorrow

Lufthansa (Frankfurt) is planning to introduce the larger Boeing 747-800 on the daily Frankfurt – Newark route tomorrow (February 23) instead of March 29 per Airline Route. The newer Boeing 747-800 will replace the older 747-400 on the route.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 747-830 D-ABYQ (msn 37840) arrives in Los Angeles.

Lufthansa aircraft slide show: AG Airline Slide Show

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Lufthansa’s new basic 1968 Boeing 747-830 retro jet

Lufthansa 747-800 D-ABYT (68)(Nose)(Lufthansa)(LR)

Lufthansa (Frankfurt) will soon take delivery of this brand new Boeing 747-830 D-ABYT (msn 37844) (above). The new Jumbo was rolled out of the paint shop on February 8 at Paine Field sporting a basic 1968 livery, albeit minus the traditional metal finish on the bottom of the fuselage for that period. The aircraft will soon be flying test flights and we will have more photos soon.

The retro color scheme is part of modern day Lufthansa’s 60th Anniversary celebrations. Post-war Lufthansa restarted operations on April 1, 1955.

Top Photo: Lufthansa. D-ABYT in the Boeing paint shop after the work was finished.

Bottom Copyright Photo: Bruce Drum/AirlinersGallery.com. The first LH 747, Boeing 747-130 D-ABYA (msn 19746), is pictured taxiing to the gate at New York (JFK) on April 8, 1971 in the original 1968 livery for the Boeing Jumbo. The first 747 was handed over to the airline on March 10, 1970.

Lufthansa aircraft slide show:

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Boeing reports record fourth quarter revenue and earnings

The Boeing Company (Chicago, Seattle and Charleston) reported record fourth-quarter revenue of $24.5 billion on higher deliveries and core earnings per share (non-GAAP) that increased 23 percent to $2.31, reflecting strong performance across the company. Fourth-quarter 2014 core operating earnings (non-GAAP) increased to $2.3 billion and GAAP earnings from operations increased to $2.0 billion. Fourth-quarter 2013 results included a $406 million non-cash charge ($0.34 per share) related to the A-12 settlement.

Revenue rose 5 percent in the full year to a record $90.8 billion and core earnings per share (non-GAAP) increased 22 percent* to $8.60 on record deliveries. Full-year 2014 GAAP earnings per share was $7.38.

Core earnings per share guidance for 2015 is set at between $8.20 and $8.40, while GAAP earnings per share guidance is established at between $8.10 and $8.30. Revenue guidance is between $94.5 and $96.5 billion, including commercial deliveries of between 750 and 755. Operating cash flow is expected to be greater than $9.0 billion.

Commercial Airplanes fourth-quarter revenue increased 15 percent to a record $16.8 billion on higher delivery volume and mix. Fourth-quarter operating margin was 9.3 percent, reflecting higher planned period costs and the dilutive impact of 787 deliveries partially offset by the delivery volume (Table 4).

During the quarter, the company began production on the fuselage stringers of the first 737 MAX airplane. The 737 program has won over 2,600 firm orders for the 737 MAX since launch. Also during the quarter, the company began final assembly of the 787-9 Dreamliner at the South Carolina facility and broke ground on the 777X composite centers in Everett and St. Louis.

Commercial Airplanes booked 432 net orders during the quarter with a record 1,432 orders in 2014. Backlog remains strong with nearly 5,800 airplanes valued at a record $440 billion.

Read the full report: CLICK HERE

Copyright Photo: Nick Dean/AirlinersGallery.com. How much longer will the Boeing 747-800 be built? Will there be another “Super Bowl Surprise” in support of the Seattle Seahawks? Boeing 747-8JK N6067E (msn 38636) in house colors departs from Paine Field.

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Silk Way West Airlines and Boeing to finalize the purchase of three 747-8 freighters

Silk Way West Airlines (Silkway Azerbaijan Cargo) (formerly Silk Way Airlines) (Baku) and Boeing (Chicago, Seattle and Charleston) have announced that the two companies are finalizing terms and working toward a purchase agreement for three 747-8 Freighter airplanes.

When finalized, the contract will be valued at more than $1.1 billion at current list prices. The order will be posted on Boeing’s Orders & Deliveries website once all contingencies are cleared.

Silk Way West Airlines is an enterprise of the Silk Way Group, which includes 23 companies working in the aviation industry and related services. The airline currently operates seven Boeing airplanes, including two 767-300 Freighters, three 747-400 Freighters and two 747-8 Freighters.

Silk Way Airlines became Silk Way West Airlines on July 1, 2012.

Top Copyright Photo: Royal S. King/AirlinersGallery.com (all others below by Silk Way West Airlines). Boeing 747-83QF VQ-BVC (4K-SW882) (msn 44937) prepares to land at Paine Field. This freighter was delivered on August 29, 2014.

Silkway Azerbaijan Cargo 747-800F VQ-BVC (10)(Title) PAE (Silk Way)(LRW)

Silkway Azerbaijan Cargo 747-800F VQ-BVC (10)(Tail) PAE (Silk Way)(LRW)

Silkway Azerbaijan Cargo 747-800F VQ-BVB (10)(Grd) PAE (Silk Way)(LRW)

Silk Way West Airlines aircraft slide show:

Silk Way West logo (LRW)

Route Map:

Silk Way West 1.2015 Route Map