Tag Archives: Boeing 777-328 ER

Air France-KLM replays €1 billion out of the €3.5 billion outstanding loans from France and banks

Air France-KLM made this announcement:

  • The solid improvement in operating performance over the first nine months of the year have allowed the Group to accelerate the repayment of financing received during the Covid-19 crisis.
  • This early repayment will improve the Group’s debt profile by reducing financial costs and limiting exposure to floating rates.

Continuing the positive trend observed in the first half of 2022, Air France-KLM published its third-quarter financial results on Oct. 27th that confirmed the strong improvement of its revenues, operating result and adjusted operating free cash-flow, allowing the Group’s net cash position to approach €9.8 billion.

In this favorable context, Air France-KLM has reached an agreement with the French state and the syndicate of nine banks participating in the PGE to proceed with the early redemption of €1 billion out of the €3.5 billion outstanding. This amount includes €800 million for settlement of the tranche maturing on May 6th, 2023, and €200 million of the tranche maturing on May 6th, 2024.

In December 2021, Air France-KLM had made an early repayment of €500 million out of the initial outstanding €4 billion. With this additional early repayment of €1 billion, the total outstanding amount of the PGE is reduced to €2.5 billion euros, with the following repayment profile:

  • May 2024: partial redemption of €1.15 billion, leaving an outstanding amount of €1.35 billion,
  • May 2025: final repayment of €1.35 billion (no further outstanding amount thereafter).

Top Copyright Photo: Air France Boeing 777-328 ER F-GSQC (msn 32727) IAH (Jarrod Wilkening). Image: 956493.

Air France aircraft photo gallery:

Air France resumes daily flights equipped with La Première to and from Singapore

Air France has made this announcement:

  • As of October 31, 2022, Air France will resume daily night flights equipped with its exclusive La Première suites by Boeing 777-300ER between Singapore and Paris-Charles de Gaulle;
  • Air France La Première guests receive an exclusive and personalized welcome and assistance at all times, from check-in to arrival.
  • For the winter 2022-23 season, Air France is increasing its global capacity to 9 daily frequencies between the two cities.

Starting on October 31, 2022, Air France will offer its most exclusive designer suite La Première on board a daily night flight operated by Boeing 777-300ER between Singapore and Paris-Charles de Gaulle. This aircraft offers only four private La Première suites.

On board the Boeing 777-300, each La Première suite has a wide seat that transforms into a horizontal bed more than two metres long, providing optimum relaxation. On departure from Paris, menus are signed by French Michelin-starred chefs and prepared with 100% French meat, dairy products and eggs, bread and pastries, as well as fish from sustainable fisheries. A vegetarian offer is also systematically available. On departure from Singapore, the triple Michelin-starred French chef Julien Royer designs tailor-made meals for Air France customers. With fine dining, a carefully selected wine and champagne list, a wide choice of entertainment on high-definition screens and attentive service, all guests travel in optimum conditions of comfort.

The La Première lounge at Paris-Charles de Gaulle

Before boarding at Paris-Charles de Gaulle or after landing in the French capital, Air France offers customers a unique and custom-designed experience with attention to every detail. Customers benefit from a VIP transfer, organized in partnership with Hertz, from Paris to the airport. At the airport, La Première guests are welcomed in a dedicated lounge. Designed by the architect Didier Lefort, the Air France La Première lounge is an exclusive space spanning 1,000 sq. m, offering a moment of calm and serenity, and the promise of an exceptional travel experience. The fine dining tradition is particularly in the spotlight. The menus and wine lists have been selected by French Chef Alain Ducasse and his teams. Customers will feel like they’re dining in a renowned restaurant thanks to individual table service and the most prestigious vintages from the Air France wine cellar. At the heart of this lounge, Air France now offers its customers a new beauty treatment centre in partnership with Sisley, the pioneering French phyto-cosmetology company. A moment of pleasure and well-being celebrating the French art of travel.

La Première guests also benefit from full access to Air France services, including exclusive check-in counters at Paris-Charles de Gaulle. Dedicated staff ensure a pre-arranged, exclusive welcome, guaranteeing travelers a seamless airport experience. Customers are subsequently driven to the foot of the aircraft in exclusive cars, where they receive a special welcome from the crew.

New La Première Comfort Kit

Air France is offering a new comfort kit to each of its La Première customers. Inspired by a writing set, this elegant and timeless gift box is available in two colours that are characteristic of this prestigious travel suite – Air France red and pearl grey. The topstitching and embossed winged seahorse emblem, the company’s historic symbol, are a discreet nod to the designer codes of the La Première suites.

To create this kit, Air France has expanded its partnership with the French beauty brand Sisley, already present in the company’s La Première lounge, to offer guests a genuine moment of well-being during the flight. Intended as a customized and tailor-made offer for guests, the kit encloses a range of five products (sample size) carefully selected by the pioneering phyto-cosmetology company to offer a choice of two beauty care rituals. This kit also containing a La Première pen, a wooden comb, earplugs and a night mask can be taken home after the flight.

Air France is working on a new La Première cabin

In line with the French airline’s pledge to continue to offer the most exclusive and elegant service, widely known for its quality and excellence, Air France announced the development of a completely new La Première cabin. This new concept will be unveiled during the 2023/2024 European winter season. The future cabin will be the longest on the market, offering up to three modular configurations – a seat, a méridienne and a fully flat bed – that can be fully privatized for an even more exceptional journey. The new cabin will equip a larger number of aircraft than at present.

Air France flight schedule between SingaporeParis-Charles de Gaulle

Valid from October 31, 2022 to March 25, 2023

Flight number

Route

Departure time

Arrival

time

Schedule

Aircraft

AF257

SIN-PAR

23:05

06:10+1

Daily

B777-300ER

AF256

PAR-SIN

20:45

16:35+1

  • Boeing B777-300 with 4 private suites in La Première, 58 seats in Business Class, 28 in Premium Economy and 206 in Economy class.

Flight number

Route

Departure time

Arrival

time

Schedule

Aircraft

AF255

SIN-PAR

10:45

17:50

Tue / Wed

B777-200ER

AF254

PAR-SIN

13:10

09:00+1

Mon / Tue

  • Boeing 777-200 with 28 seats in Business Class, 24 in Premium Economy and 260 in Economy class.

Top Copyright Photo: Air France Boeing 777-328 ER F-GZNK (msn 39971) CDG (Manuel Negrerie). Image: 956109.

Air France aircraft slide show:

Air France strengthens its flight schedule to the French Overseas Territories, Caribbean and Indian Ocean

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Air France is increasing the number of long-haul services to its leisure destinations. Subject to the relaxation of travel restrictions, the airline now plans to operate up to 98 weekly flights this summer to the French Caribbean, Reunion Island, French Guiana, French Polynesia, Saint-Martin, the Dominican Republic and the Riviera Maya in Mexico.

This summer, Guadeloupe, Martinique, French Guiana and Reunion Island will be linked to both Paris-Charles de Gaulle and Paris-Orly, providing connections to the entire Air France short, medium and long-haul network.


Flight schedule – 2021 summer season:

On departure from Paris-Orly:

  • Pointe-à-Pitre (Guadeloupe), Fort-de-France (Martinique), Saint-Denis de La Réunion:
    o Up to 14 weekly flights to each destination
  • Cayenne (French Guiana):
    o Up to 7 weekly flights

On departure from Paris-Charles de Gaulle:

  • (Guadeloupe), Fort-de-France (Martinique), Saint-Denis de La Réunion:
    ​o Up to 7 weekly flights to each destination
  • Cayenne (French Guiana):
    o Up to 3 weekly flights
  • Papeete (French Polynesia):
    o Up to 3 weekly flights
  • Saint Martin:
    o Up to 7 weekly flights
  • Punta Cana (Dominican Republic):
    o Up to 7 weekly flights
  • Santo Domingo (Dominican Republic):
    o Up to 3 weekly flights
  • Cancun (Mexico):
    o Up to 5 weekly flights


Flights will be operated by Boeing 777 and Airbus A330 equipped with the Business, Premium Economy and Economy cabins.

Still subject to the lifting of travel restrictions, Air France also plans to serve the following overseas, Caribbean and Indian Ocean destinations from Paris-Charles de Gaulle this summer: Antananarivo (Madagascar), Havana (Cuba) and Port-Louis (Mauritius).
Top Copyright Photo: Air France Boeing 777-328 ER F-GSQS (msn 32962) DUB (Greenwing). Image: 929141.

Air France aircraft slide show:

Air France-KLM: Travel restrictions still impacting the Group’s activity

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Air France-KLM issued this financial report for the first quarter:

 

Over the first three months of the year, the Group continued to be negatively impacted by travel restrictions as the whole industry:

 Revenue at 2.2 billion euros, down 57% compared to last year

 EBITDA loss at -0.6 billion euros, mitigated due to strict cost control and national partial activity schemes

 Operating result at -1.2 billion euros, down 0.4 billion euros compared to last year

Net income at -1.5 billion euros, after taking interest charges into account

 Net debt at 12.5 billion euros, up 1.5 billion compared to end of 2020

 At 31 March 2021, the Group has 8.5 billion euros of liquidity and credit lines at disposal

 Early April 2021, first set of balance sheet strengthening measures successfully executed resulting in an increase of €4bn equity and improved cash position by €1bn

OUTLOOK

Due to the stricter lockdown in France until, at least beginning of May, continuation of the lockdown in the Netherlands and travel restrictions worldwide still in place, the Group anticipates the beginning of the second quarter to be similar to the first quarter whereby the customer booking behavior is still short-term oriented.

The key to reduce travel restrictions and reopen borders is a rapid roll-out of wide-scale vaccination. In the US, domestic demand is recovering rapidly due to the speed of the vaccination process.

In this context, the Group expects capacity in Available Seat kilometers circa index 50% for Air France-KLM in the Second quarter 2021 compared to 2019 for the Network passenger activity. During the second half of the second quarter the Group will progressively ramp up capacity given the vaccination deployment in Europe.

For the Third quarter the Group foresees a capacity in Available Seat kilometers index in the range of 55% to 65% compared to 2019 for the Network passenger activity thanks to estimated higher demand.

The Air France-KLM Group continues to work to strengthen its balance sheet. Additional measures of equity and quasi-equity instruments are currently under consideration. Extraordinary resolutions will be presented at the next Annual General Meeting, aiming to give the Board of Directors great flexibility to restore equity.

Transavia: Operating result –120 million euros as impacted by Covid-19 crisis

The First quarter operating result ended -38 million euros lower compared to last year at an operational loss of -120 million euros, as a result of the ongoing Covid-19 crisis with strict border restrictions in Europe and North Africa.

First quarter activity level was only around 20% of last year’s production, with a unit revenue down – 21.6% compared to 2020. Load factor at 57.6% was impacted by travel restrictions imposed. The production level of Transavia France was slightly higher at and index of 26 compared to 2020, thanks to the start of domestic routes.

Transavia plan to grow is still valid, well positioned to capture the leisure traffic recovery foreseen in the coming months towards the end of the summer, being a major opportunity for the Group’s competitiveness gain. The adding of eight Boeing 737-800 aircraft to Transavia France fleet in the first quarter is part of this plan.

OUTLOOK

Due to the stricter lockdown in France until, at least beginning of May, continuation of the lockdown in the Netherlands and travel restrictions worldwide still in place, the Group anticipates a difficult start of the Second quarter whereby the customer booking behavior is still short-term oriented.

The key to reduce travel restrictions and reopen borders is a rapid roll-out of wide-scale vaccination. The vaccination pace in Europe is slower than in the US where the domestic demand recovers quickly thanks to the high speed vaccination process.

In this context the Group expects capacity in Available Seat kilometers circa index 50% for Air France-KLM in the Second quarter 2021 compared to 2019 for the Network passenger activity. During the second half of the second quarter the Group will progressively ramp up capacity given the vaccination deployment in Europe.

For the Third quarter the Group foresees a capacity in Available Seat kilometers between index 55% and 65% compared to 2019 for the Network passenger activity thanks to estimated higher demand.

At 31 March 2021, the Group has a 8.5 billion euros of liquidity and credit lines at disposal. This level can be considered comfortable, given the expected recovery in the summer, despite the cash requirements for 2021 which include:

 Q2 2021 EBITDA expected to be in the same range as EBITDA Q1 2021

 Capex spending inferior at 2.0 billion euros in 2021, but largely funded for fleet investments

 Restructuring cash out at 0.5 billion euros in 2021, part of which is financed by the associated reduction in the wage bill

A first set of capital strengthening measures was successfully executed in April and resulted in an increase in equity of 4 billion euros and cash of 1 billion euros.

The Air France-KLM group continues to work on strengthening its balance sheet. Additional equity and quasi-equity measures are currently under consideration. Extraordinary resolutions will be presented at the next Annual General Meeting, aiming to give the Board of Directors great flexibility to restore equity and initiate the gradual refinancing of state aid and restore leverage ratio.

Top Copyright Photo: Revised AF livery: Air France Boeing 777-328 ER F-GZND (msn 35543) CDG (Manuel Negrerie). Image: 953530.

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Air France management offers representative unions a multi-year deal on pay negotiations

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Air France issued this statement:

On April 11, 2018, Air France and its customers are facing a 7th day of strike action over the past 6 weeks.

Although constituting minority actions on a company-wide scale, these strikes are nonetheless causing severe commercial and operational impact, and destroying the company’s image and results. They are putting great strains on the teams at work, who are dealing with dissatisfied and disappointed customers, and stirring up internal tensions.

From the outset of the strikes, Air France management has explained its reasoning behind the significant pay and profit-sharing measures applied in 2018, and has underlined the risks the company would run if it were to increase its costs massively and abruptly, in a context of increased competition. It can only deplore that the negotiation proposals put forward have been rejected to date.

In a spirit of dialogue and responsibility, Air France management has invited the unions to participate in a multi-year pay negotiation (2019-2021). This negotiation, which will take place on an inter-category basis in line with union demands, will lead to a genuine “growth pact”. The multi-year scope will allow us to offer a response to the demands expressed and adopt a timeframe for implementing measures that the company is unable to apply abruptly.

In order to resolve this conflict, as part of this negotiation, management will offer to apply some of the forthcoming measures as from 1st April 2018 by increasing pay scales by 1%, resulting in a 2% pay scale increase for 2018.

This negotiation will begin on Thursday, April 12, and we propose that it takes place without interruption until an agreement open to signature is reached. With this proposal, management calls on unions to suspend the conflict while this negotiation takes place.

Moreover, the negotiation underway with the pilot unions over the past two weeks will continue around specific pilot themes, within a balanced framework allowing to guarantee the growth dynamic to which we are committed.

Copyright Photo: Air France Boeing 777-328 ER F-GZND (msn 35543) PAE (Nick Dean). Image: 902719.

Air France aircraft slide show: