Tag Archives: HKT

Bangkok Air raises the security level at Bangkok, second quarter profit rises over 131%

Bangkok Airways (Bangkok Air) (Bangkok) has issued this statement following a terrorist bombing on Monday (August 17) at the Erawan shrine in Bangkok. 21 people died in the bomb blast. According to the Bangkok Post, 23 nations have now issued travel warnings for travel to Thailand. Here is the statement by the airline:

Bangkok Airways logo-1

Bangkok Airways PCL has increased its security measures to ensure passengers’ highest safety.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways PCL commented,

“on behalf of everyone at Bangkok Airways, we would like to express our deepest condolences to those who have been affected by this unfortunate event.”

“However, we are monitoring the situation closely and have been cooperating with the Airport Authority of Thailand (AOT) to raise security measures at Suvarnabhumi Airport, all destination airports and at the airline’s own airports (Samui, Sukhothai and Trat) to a higher level to ensure the safety of its passengers and its staffs.”

“Bangkok Airways is in normal operations”, added Mr. Puttipong.

Read the full report: CLICK HERE

In other news, the company issued it operating results for the second quarter:

Bangkok Airways Public Company Limited announced its operating results for the second quarter of 2015 which has amounted to a net profit of 102.2 million baht ($2.8 million); up by 131.8 percent from the same period of the previous year.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways PCL commented that, “In the second quarter, total revenue of the company was 5,563.4 million baht, increased by 12.9 percent from the same period in the previous year. Net profit was reported at the amount of 102.2 million baht, mainly based on higher average fare and higher number of passengers. Available Seat Kilometers (ASK) ascended by 4.3 percent; our load factor was at 59.9 percent for this quarter. For the first six-month period, the company received total revenue of 12,297.3 million baht in which net profit was reported at 1,188.9 million baht.”

Mr. Puttipong continues, “The number of passengers of Bangkok Airways increased by 5.6 percent for the second quarter of 2015 in which our main market, Asia, particularly East Asia, has the highest growth. Despite the slow growth of Europeans traveling to Thailand, excluding the Russian, the company was able to maintain the sale growth from this market comparing to last year. The top 3 countries that the number of passenger has still been growing are Germany, United Kingdom and France.”

“In addition to that, Bangkok Airways has increased flight frequencies on Samui-Singapore route to 10 flights per week, and Samui-Kuala Lumpur route to 11 flights per week starting from 29 March 2015.

The additional frequencies adhere with our business strategy are to establish Samui airport as our second hub, followed by Suvarnnabhumi airport and to expand our route network in order to serve our codeshare partners from Australia and Southwest Pacific. During the second quarter, the company has entered into a codeshare agreement with Jet Airways which added our frequencies on Bangkok-Mumbai route from 1 flight to 3 flights per day. This certainly has provided more choices to the passengers as well as to increase the efficiency of our routes.” Mr. Puttipong added.

Recently, BA stocks has been added to numerous indexes which are MSCI Global Small Cap Indexes (effective since 29 May 2015.), FTSE SET Mid Cap index (effective since 22 June 2015), SET50 and SET100 indexes for the second half of 2015 (1 July – 31 December.) This helps make BA more known amongst investors around the world.

Currently, Bangkok Airways has a total of 29 aircrafts; 10 of turbo-prop ATR72-500/600s, 19 of Airbus A319s/A320s. The company will take delivery of another 2 to 3 aircrafts by the end of 2015 to serve high travel demands in the up-coming high season.

Copyright Photo: Richard Vandervord/AirlinersGallery.com.  Airbus A320-232 HS-PGW (msn 2509) in the special Samui scheme taxies at Phuket.

Bangkok Air aircraft slide show: AG Airline Slide Show

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Thai Airways to axe 1,500 jobs this year, hopes to return to profitability by the fourth quarter

Thai Airways International (Bangkok) meanwhile expects to cut 1,500 jobs this year as it expects to return to profitability in the fourth quarter according to this article by the Business Times.

Read the full article: CLICK HERE

Copyright Photo: Richard Vandervord/AirlinersGallery.com. Boeing 747-4D7 HS-TGG (msn 33771) departs gracefully from Phuket, Thailand.

Thai: AG Slide Show

Malaysia proposes to take full control of Malaysia Airlines, airline’s board of directors decides to table the proposal for now

Malaysia Airlines (Kuala Lumpur) has issued this short statement about the intention of the government of Malaysia to take full control of the airline:

We have received notice of Khazanah’s intentions to take full ownership and delist Malaysia Airlines. Our Board of Directors will be deliberating this proposal and an official response from the company will be issued later.

During this period, our business operations remains unchanged.

We appreciate your patience and cooperation on this matter.

The initial statement was followed by this statement to table the government proposal for consideration at a later day:

An announcement has been made to Bursa Malaysia that the Malaysia Airlines Board of Directors has deliberated on the offer made by Malaysia Airlines’ majority shareholder, Khazanah Nasional Berhad (“Khazanah”) and resolved to table the proposed SCR to shareholders at an Extraordinary General Meeting to be scheduled at a later date.

Malaysia Airlines will continue to operate all our current flights, schedules and reservations. Our focus remains on delivering the world class customer service that we are known for around the world.

Here is the original full statement of Khazanah, the strategic investment fund of the government of Malaysia:

Khazanah Proposes to De-list Malaysian Airline System Berhad

We are pleased to announce that Khazanah Nasional Berhad (“Khazanah”) has today submitted a formal request to the Board of Directors of Malaysian Airline System Berhad (“MAS”) to undertake a selective capital reduction and repayment exercise (“Proposed SCR”) of MAS’ ordinary shares. The proposal will enable minority ordinary shareholders of MAS to receive a capital repayment amount of RM0.27 per ordinary share. This represents a 12.5% premium to closing price on 7 August 2014 and a 29.2% premium to the 3-month volume weighted average market price (“VWAMP”). Upon successful completion of the Proposed SCR, Khazanah will become the sole ordinary shareholder of MAS, which would lead to a de-listing of MAS.

In June 2014, Khazanah had announced that it was in the midst of undertaking a comprehensive review of MAS, in consultation with the Special Shareholder, the Minister of Finance Incorporated. Khazanah further clarified that subject to the necessary approvals from the relevant authorities, it would announce the proposed restructuring scheme within a period of 6 to 12 months. We reiterate that the proposed restructuring will critically require all parties to work closely together to undertake what will be a complete overhaul of the national carrier on all relevant aspects of, inter alia, the airline’s operations, business model, finances, human capital and regulatory environment. Nothing less will be required in order to revive our national airline to be profitable as a commercial entity and to serve its function as a critical national development entity.

In this regard, today’s proposal for de-listing represents the first stage of the restructuring scheme. Further, Khazanah is in the final stages of completing the overall restructuring proposal, and upon due process and approvals from the relevant authorities, regulators and the Special Shareholder, the Minister of Finance Incorporated, we envisage that additional detailed plans will be announced by the end of this month.

Khazanah is the strategic investment fund of the Government of Malaysia entrusted to hold and manage the commercial assets of the Government and to undertake strategic investments. Khazanah is involved in various sectors such as power, telecommunications, banking, healthcare, airport management, infrastructure, leisure and tourism, property development, broadcasting, investment holding, and technology. Some of the key listed companies in Khazanah’s investment portfolio include Telekom Malaysia Bhd., Tenaga Nasional Bhd., CIMB Group, Axiata Group Bhd., IHH Healthcare Bhd., Malaysia Airports Holdings Bhd., and UEM Sunrise Bhd.

Copyright Photo: Richard Vandervord/AirlinersGallery.com. Boeing 737-8H6 9M-MXA (msn 40128) departs from Phuket, Thailand painted in the retrojet livery of 1972 for its 40th Anniversary celebration in 2012.

Malaysia Airlines: AG Slide Show

Thai Smile to move some routes to Don Mueang Airport

Thai Smile Airways (Bangkok-Suvarnabhumi Airport-BKK) has announced it will move some of its routes to Don Mueang Airport (DMK) to better compete against its low fare rivals. Effective August 8 it will operate from DMK to Chiang Mai, Kohn Kaen and Phuket.

The airline issued this statement:

Thai Smile Airways will add services to and from Don Mueang Airport in order to provide more passenger convenience for travel to domestic destinations, effective August 8, 2014.

Thai Smile Airways (airline code WE) will operate initially to three domestic destinations from Don Mueang Airport.

Thai Smile Airways is offering special promotional fares for one-way travel to Chiang Mai and Khon Kaen with prices starting at 990 Baht, for one-way travel to Phuket with fares starting at 1,090 Baht.

Copyright Photo: Richard Vandervord/AirlinersGallery.com. Airbus A320-232 HS-TXE (msn 5436) departs from Phuket, Thailand.

Thai Smile: AG Slide Show

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Route Map:

Thai Smile 8.2014 Route Map (LRW)

Malaysia Airlines considers a new name, brand and livery

Malaysia Airlines (Kuala Lumpur), owned by a majority share by a holding company of the Malaysian government, is considering changes in the the wake of the two tragic accidents this year.

According to RT.com, the government is considering a rebrand, a different ownership restructure, a possible new name and an adjustment of its route network.

Malaysia Airlines is very likely to change.

As far as the livery, the two ill-fated Boeing 777-200 ERs wore the older 1987 livery (above) which features the red and blue Kelantan Wau Bulan (Moon Dragon Kite) tail logo which has been seen in the headlines over and over, especially with the debris in eastern Ukraine. Any brand refresh would probably retire this iconic and historic logo.

Read the full article: CLICK HERE

Top Copyright Photo: Richard Vandervord/AirlinersGallery.com. Boeing 737-8FZ 9M-MLH (msn 31723) is pictured in action at Phuket, Thailand in the 1987 color scheme.

Malaysia Airlines: AG Slide Show

Below Copyright Photo: Ivan K. Nishimura/AirlinersGallery.com. Malaysia refreshed the red and blue Kelantan Wau Bulan (kite) livery in 2010 with this new twin arc look while retaining the kite tail logo. Boeing 737-8H6 9M-MSE (msn 40147) passes through Honolulu on delivery.

Below Copyright Photo: Michael B. Ing/AirlinersGallery.com. When Malaysia introduced the new Airbus A380, the airline unveiled this special A380 livery (for only the A380s) in 2012. The red and blue kite morphed into a blue kite for the A380s. Is this enough of a change? Probably not. Airbus A380-841 9M-MNB (msn 081) departs from London (Heathrow).

Bottom Copyright Photo: Christian Volpati/AirlinersGallery.com. When MSA was split into Malaysian Airline System (MAS) and Singapore Airlines, Malaysian (later Malaysia Airlines) originally introduced this livery in 1972. As you will note, the original livery featured a red and white kite tail logo. Dropping this historic logo will be a tough decision for the airline but unfortunately it is now a tarnished logo. Boeing 737-2H6 9M-MBH (msn 20926) prepares to depart from the gate at Kuala Lumpur.

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Finnair and its pilots reach a tentative agreement

Finnair (Helsinki) and its pilots, represented by the Finnish Airline Pilots’ Association (SLL), have reached a tentative labor contract agreement. The pilots have agreed to work for lower wages which is expected to save the company around 15 million euros a year.

According to Yle Uutiset, talks will continue until early September to finalize the agreement. In the meantime, the airline has agreed not to furlough any pilots.

Read the full report: CLICK HERE

Copyright Photo: Richard Vandervord/AirlinersGallery.com. Airbus A340-311 OH-LQA (msn 058) arrives in Phuket, Thailand.

Finnair: AG Slide Show

 

Transaero to start scheduled Moscow-Taipei service on July 2

Transaero Airlines (Moscow) will start scheduled nonstop flights between Moscow and Taipei on July 2, 2014.

The UN 505/506 weekly flight will be operated from Vnukovo International Airport, Moscow, onboard Boeing 767-300 aircraft according to the following schedule (all times local):

Departure from Moscow depart on Wednesdays at 15.00, arrival in Taipei is at 06.50 the next day. Departure from Taipei depart on Thursdays at 09.40, arrival in Moscow is at 17.30.

Transaero Airlines flew its maiden charter flight from Moscow to Taipei in 2002.

Transaero is the only carrier to fly nonstop flights on the Moscow-Taipei route.

Transaero Airlines launched its flights in 1991. Transaero is the Russia’s second largest carrier. In 2013 the airline carried 12.5 million passengers. It ranks among the top 30 airlines in the world in terms of passenger turnover.

Currently, Transaero operates the fleet of 99 aircraft including 20 Boeing 747, 14 Boeing 777, 16 Boeing 767, 44 Boeing 737, three Тu-214, two Тu-204-100С. The airline is the largest operator of widebody aircraft fleet in Russia, the CIS and Eastern Europe. Transaero is the launch customer in Russia of the most modern aircraft such as Аirbus А380, Boeing 747-8I and Аirbus А320 neo.

The network of the airline includes more than 200 routes in Russia, Europe, Asia, Americas and Africa.

Copyright Photo: Richard Vandervord/AirlinersGallery.com. A dramatic takeoff view of Transaero’s Boeing 767-3Q8 ER EI-DBF (msn 24745) at Phuket, Thailand.

Transaero Airlines: AG Slide Show

Boeing and Nok Air finalize the order for new Boeing 737s

Boeing (Chicago and Seattle) and Nok Airlines Public Company Limited (Nok Air) (Bangkok) have finalized an order for eight Next-Generation 737-800s (above) and seven 737 MAX 8s. Nok Air also announced that it intends to convert one of the 737-800s into a 737 MAX at a later date.

The order, first announced as a commitment at the Singapore Air Show in February, is valued at $1.45 billion at list prices and will establish Nok Air as the first airline in Thailand to operate the 737 MAX. While Nok Air currently operates a fleet of 15 Next-Generation 737s, this marks the airline’s first direct order with Boeing.

The 737 MAX now has 2,017 orders from 40 customers. The 737 MAX brings the most advanced engine technologies to the world’s best-selling airplane, building on the strengths of today’s Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Airlines operating the 737 MAX will see an 8 percent operating cost per seat advantage over tomorrow’s competition.

Copyright Photo: Richard Vandervord/AirlinersGallery.com. A beautiful takeoff photo of Nok Air’s (Bird Air in Thai) Boeing 737-86J HS-DBK (msn 37774) departing from Phuket in southern Thailand.

Nok Air: AG Slide Show

Thai Airways International gets approval to order seven A330-300s and eight 777-300 ERs

Thai Airways International (Bangkok) has received board approval to order seven new Airbus A330-300s and eight Boeing 777-300 ERs according the WSJ.

Read the report:

CLICK HERE

Copyright Photo: Sam Chui. Thai’s Boeing 777-3D7 HS-TKF (msn 29214) climbs beautifully at Phuket.

Happy Air plies the friendly skies of southern Thailand

Copyright Photo: Wim Callaert. The sole SAAB 340A (HS-HPY) arrives back at the HKT base.

Happy Air (Phuket) is a new airline which started scheduled operations in late Happy Air (Phuket) is a new airline which started scheduled operations on October 31, 2009 with this single SAAB 340A registered with the appropriate registration of HS-HPY (msn 115). The company flies from the Phuket base to Hatyai/Genting and Langkawi in southern Thailand and Malaysia.