Etihad e compagnie aeree nella sua sfera d'influenza

[frubagotti]

Questa cosa di Etihad in Star era già stata ventilata ai tempi della bancarotta di airberlin, come contentino di LH per far sopravvivere una EY in forma ridotta.

Da anni si parla della fine delle "branded global alliances" e di come le ME3 fossero una delle possibili cause della loro caduta. Adesso siamo del 2018 ed EY vuole entrare in *A mentre QR cerca di controllare quello che succede in OW e Qantas ritorna a Singapore abbandonando Dubai.

Probabilmente tra 10 anni queste alleanze avranno dinamiche interne diverse da quelle odierne, ma tutte queste previsioni di una loro futura morte mi sembrano un po' premature.

 

[ripps]

Scade oggi il termine che Etihad Partners II BV ha dato agli obbligazionisti per decidere il futuro dei bond Project Box di Alitalia ed Air Berlin. La società veicolo che ha emesso nel 2016 le obbligazioni garantite dalla compagnia di Abu Dhabi a favore dei vettori partner, sta provando a chiudere quel capitolo poco fortunato.

La tranche da liquidare fa parte dell’emissione da 500 milioni di dollari, scadenza 2021 e tasso del 6,75%, andata a finanziare anche Air Berlin, l’altra compagnia partecipata da Etihad e finita in bancarotta. Ce n’era stata anche un’altra, precedente, 700 milioni di dollari con scadenza 2020. Quando sembrava che Alitalia potesse ancora evitare l’amministrazione straordinaria, l’azionista di Abu Dhabi aveva accettato di sottoscrivere un accordo di accollo interno non liberatorio con oggetto il debito, in linea capitale, di Alitalia nei confronti dei sottoscrittori di entrambe quelle obbligazioni, per il valore nominale di 231,4 milioni di dollari con scadenza al 2020 e 2021.

Oggi, alle 11 ora di Londra, scrive MF, Ea Partners terrà una conference call informale con gli obbligazionisti per illustrare l’offerta ricevuta per i bond in default Alitalia a Air Berlin. La scelta è tra 2 opzioni: vendere le obbligazioni a un soggetto terzo, e utilizzare i proventi per un parziale rimborso a sconto, oppure provare a chiudere la vandita come fossero obbligazioni non in default ma a quel punto facendo confluire i proventi nei fondi a rimborso dell’intero sottostante. La call sarà considerata meno vincolante di una tradizionale assemblea degli obbligazionisti, ma costituirà la base per le decisioni sulla sorte di quei bond.

Investire Oggi.

 

[AZ209]

Etihad W18 service changes as of 28JUL18

Etihad Airways in the past few days filed additional changes to its planned winter 2018/19 season. As of 28JUL18, latest update as follows. Note additional changes remain highly possible.

Abu Dhabi – Amsterdam Operational aircraft changes from 6 weekly 787-9 (Day x1) and 1 weekly A330-200 (Day 1) to following:
28OCT18 – 14JAN19 1 daily 777-300ER
15JAN19 – 03FEB19 1 daily 787-9

Abu Dhabi – Bangkok EY404/407 operates with A330-200, instead of 777-300ER. Previously not reported, this 4th daily flight is converted to seasonal, operating from 21DEC18 to 13JAN19 only in winter season
Abu Dhabi – Dublin eff 15JAN19 Reduce from 2 to 1 daily (EY041/042 cancelled). 777-300ER replaces A330-200 (service reduction also maintained on/after 31MAR19)
Abu Dhabi – Manchester EY015/016 to be operated by 787-9 instead of 777-300ER: 14DEC18 – 15DEC18, 03JAN19 – 21JAN19 (Odd days)
Abu Dhabi – Mumbai EY206/205 operated by following aircraft, instead of A330-200 (based on AUH departure):
28OCT18 – 18NOV18 777-300ER
30NOV18 – 18DEC18 787-9

Abu Dhabi – Phuket 777-300ER replaced by following aircraft:
20NOV18 – 30NOV18 A330-200
01DEC18 – 18DEC18 787-9

Abu Dhabi – Rabat eff 03OCT18 3-class 787-9 replaces A330-300, 2 weekly
Abu Dhabi – Rome eff 01DEC18 EY085/086 787-9 replaces A330-200

 

[AZ209]

Rumours insistenti in India danno 9W in difficolta', con tagli pesanti in vista.


Etihad-backed Jet Airways has 'two months' to cut costs

India's Jet Airways is suffering major turbulence and may cease flying in 60 days without major cost cuts, according to local media

India's Jet Airways is suffering major turbulence and may cease flying in 60 days without major cost cuts, local media reported Friday, sending shares in the carrier tumbling.
The dire warning was made in talks between managers and employees in recent days, the Economic Times reported, quoting an unnamed senior executive.
The claims, as well as another report in the Mint daily that the airline was in talks with investors to raise cash, sent Jet Airlines' shares down seven percent.

​

Mint quoted an unidentified source who said the talks included founding chairman Naresh Goyal potentially selling some of his 51 percent stake in India's number-two carrier by market share.
Etihad Airlines of the United Arab Emirates currently owns a 24 percent stake in the firm. A previous Etihad offer to hike its stake was spurned by Goyal, Mint reported.
Jet Airlines declined to comment on the reports when contacted by AFP.

There has been a six-fold increase in passenger numbers in India over the past decade as customers take advantage of better connectivity and cheaper fares thanks to a host of low-cost airlines.
But intense competition and rising jet fuel prices -- exacerbated by a weaker rupee -- has eroded the profitability of airlines including Jet Airways and Vistara, a joint venture between Singapore Airlines and Tata Sons.

https://www.arabianbusiness.com/tra...acked-jet-airways-has-two-months-to-cut-costs


Jet denies reports on its financial stress

Jet Airways is implementing several measures to reduce cost as well as realise higher revenue for desired business efficiencies, the airline’s chief executive Vinay Dube said

The Jet Airways management had earlier this week asked a section of its employees to take up to 25% cut in their salaries as cost of operations for the airlines has been increasing on the back of rising crude and a falling rupee.

Mumbai: Naresh Goyal-led Jet Airways is not in talks with any party for a potential stake sale, the airline’s chief executive Vinay Dube said on Friday.
“Jet Airways (India) Ltd would like to clarify that recent media reports about the sustainability of the airline are not only factually incorrect, but also malicious,” said Dube. The airline would also like to deny any conjecture of a stake sale, he added.
Mint had on 3 August reported that Jet Airways had yet again approached investment bankers to help sell a stake in the carrier.
“Jet Airways is looking to raise immediate cash and the transaction may include Jet Airways founder Naresh Goyal offloading a part of the promoter’s stake in the company,” Mint had reported quoting people familiar with the matter.
The aviation industry is currently passing through a tough phase, given a depreciating rupee and the mismatch between high fuel prices and low fares, which has impacted the airline, said Dube.
Jet Airways is focused on creating a healthier and more resilient business and is implementing several measures to reduce cost, as well as realise higher revenue, for desired business efficiencies, he said. “Some of these areas, among others, include sales and distribution, payroll, maintenance and fleet simplification. As part of these measures, the company has been in dialogue with all its key stakeholders—internal and external.”
“The dialogue with employees has been to apprise them of the challenges being faced by the aviation sector in India and by the company, in particular, with the intent to enlist their full support and cooperation for realising necessary savings across all business functions,” he explained.
The Jet Airways management had earlier this week asked a section of its employees to take up to 25% cut in their salaries as cost of operations for the airlines has been increasing on the back of rising crude and a falling rupee.
“While continuing with cost-saving and revenue-enhancement measures to create a growth-oriented sustainable future, Jet Airways will continue to accord highest priority to safety and will ensure that safe operations continue to be resourced as required under regulatory compliance.”
“We are confident that the various transformation initiatives identified and under implementation by the company will help in addressing the current issues faced by us and the industry,” he said.

https://www.livemint.com/Companies/...t-denies-reports-on-its-financial-stress.html

 

[AZ209]

Rumours insistenti in India danno 9W in difficolta', con tagli pesanti in vista.

I rumours sembrerebbero confermati e 9W e' alla ricerca di un bel po di cash.
https://www.ft.com/content/8db5d410...9e233c8#myft:notification:daily-email:content
https://www.livemint.com/Companies/...o-conduct-financial-audit-of-Jet-Airways.html
https://economictimes.indiatimes.co...on-stake-sale-to-pes/articleshow/65380715.cms

 

[EI-MAW]

Jet Airways sempre più giù:

Jet Airways (9W, Mumbai Int'l) has delayed payments of August wages to 15% of its staff, well over 2,000 employees, due to the looming cash crisis, the Financial Times has reported.

An airline spokesperson insisted that all staff members would "eventually" be paid, although he did not name any specific timeline.

The media reported in early August that Jet Airways was facing an imminent cash crisis and might become insolvent within 60 days. The carrier denied these allegations, although it later announced a INR20 billion rupee (USD285 million) cost-cutting drive. It also launched its largest-ever sale in order to improve the current cash flow.

Between March and June 2018, the carrier lost INR13.3 billion (USD190 million) net. The carrier had a total debt of INR81.5 billion rupees (USD1.2 billion) as of March 31, 2018

Ch-Aviation

 

[giannib]

:sconfortato:

 

[Marco Clemente]

Ma come mai tutte le compagnie dove hanno messo mano sono finite così??? Erano gia morti viventi o qualche problema gestionale c’è stato??

 

[Cesare.Caldi]

Continuano le riduzioni in casa Etihad, è la volta di DUS che viene dimezzata passando da 2 a 1 solo daily.

Etihad Dusseldorf service reductions from Jan 2019

Etihad Airways in January 2019 is gradually reducing Abu Dhabi – Dusseldorf service, initially reduced from 14 to 12-13 weekly. By May 2019, overall service will be reduced to 7 weekly.

The following schedule is effective 16JAN19 – 30MAR19.

EY023 AUH0240 – 0645DUS 332 D
EY029 AUH0905 – 1310 DUS 332 x35

EY024 DUS1020 – 1935AUH 332 D
EY030 DUS2055 – 0610+1AUH 332 x35

EY023/024 will switch to Boeing 787-9 service from 01MAY19
EY029/030 between 16JAN19 and 30APR19 will operate 6 weekly (Day x5) on selected weeks, and cancelled from 01MAY19 (except 03MAY19)

airlineroute

 

[kenyaprince]

Primo volo del -10

View attachment 10247View attachment 10248

 

[B_777]

E' in fase di atterraggio il volo EY278 AUH-MLE per la prima volta con A380 che inaugurerà la nuova pista dell'aeroporto Velana.
Al momento è in circling, forse per traffico aereo.

 

[Dancrane]

...
Al momento è in circling, ...

(Ossantinumi!)

 

[B_777]

(Ossantinumi!)

chiedo venia, intendevo dire holding!

 

[gionmorg]

Etihad, Abu Dhabi studia opzioni ristrutturazione bond

https://it.investing.com/news/stock...i-studia-opzioni-ristrutturazione-bond-574750

 

[AZ209]

Etihad pare che sia in procinto di cancellare i 62 A350 che ha in ordine (o una larga parte).


Etihad Cancels 62 A350 Orders and Will Now Outsource Australian Lounges

As if we hadn’t heard enough about airlines struggling with money this week, it seems the flag carrier of the UAE is feeling financial pressures of their own. Etihad Airways are today reported to be on the verge of cancelling their orders for the A350, as well as outsourcing lounges in a bid to cut costs.

Etihad’s cost cutting measures just took a turn for the worseThe struggling airline is also handing off control of many of its airport lounges, a facility previously only available to premium passengers. For some time now, the lounges have been open to all Etihad passengers, upon payment of a $40 entrance levy, but now they’re going to be open to other airline passengers too.
A couple of weeks ago Simple Flying reported on Etihad handing over control of their Heathrow T4 lounge to No1 Lounges. Well, now they’re also handing No1 Lounges the reins on their Sydney and Melbourne lounges too.
From next week, No1 lounges will take over these two Australian sites. The airline is maintaining control of lounges in Paris, New York, Los Angeles and Washington Dulles. But for how long?

Etihad cancels A350 orders

In June this year, the Etihad fleet consisted of 110 aircraft with a further 165 on order. These orders included:

• Airbus A350: 62
• Boeing 787: 52
• Boeing 777: 26
• Airbus A321neo: 26
• Airbus A320neo: 10

When the orders were placed for these aircraft, Etihad were pursuing an aggressive expansion strategy, in a bid to keep pace with neighbouring Emirates and Qatar. However, in view of recent losses and projected further losses in the coming years, the airline is planning to scale back their strategy, leaving many of these aircraft unnecessary.
The new A350s will almost certainly never be liveried for EtihadIf Etihad cancels A350 orders, it shouldn’t come as a complete shock to Airbus. Back in June this year, Etihad worked hard to wiggle out of a deal with Boeing to cancel or defer 25 planes from their order of 777Xs.
Other reports suggest that, over a month ago, Etihad cancelled all the training requirements for the A350. They also cancelled delivery of the A350 simulator, which suggests they’ve known for some time they would never operate this aircraft.

The story of the Etihad financial struggles

For Etihad financial struggles have been coming to a head for some time now. Reporting losses of $1.52bn last year. And that was on top of a loss of $1.87bn the year before.
Much of this was down to a failed investment, say the airline. In particular, they blame poorly chosen partnerships including those with Alitalia and airberlin, both of whom have since gone bust. They still hold stakes in four other airlines, including struggling Jet Airways.
Since the appointment of Tony Douglas as the new CEO, the carrier has been trying to pare back operations, trimming their fleet of 121 aircraft down to 115 by last winter. They’ve cut a bunch of routes too, now serving around 100 destinations down from 117 two years ago.
Their ‘boutique’ service has been drastically reduced too. They’ve cut out chauffeur service, got rid of pyjamas, pared back their spa services in their lounges and downgraded their catering. In June this year, a number of pilots were transferred from Etihad to Emirates and, in total, 4,150 employees have been removed from the carrier since 2016.

https://simpleflying.com/etihad-cancels-62-a350-orders-and-will-now-outsource-australian-lounges/

 

[aa/vv??]

Eppure su queste pagine leggo sempre che tutte le compagnie al mondo (eccetto AZ) macinano utili....

 

[AZ209]

Eppure su queste pagine leggo sempre che tutte le compagnie al mondo (eccetto AZ) macinano utili....

Non capisco la vena polemica.
Questo e' il thread EY, che perde a rotta di collo da qualche anno ormai. Anche QR sta perdendo soldi fra le altre cose.

 

[East End Ave]

Eppure su queste pagine leggo sempre che tutte le compagnie al mondo (eccetto AZ) macinano utili....

dai su, anche AM non se la passa bene ma sai meglio di me che sono dinamiche ben diverse: EY ha cannato la sua politica di espansione giocando a chi ce l'aveva piu' lungo tra loro, QR e EK, dove quest'ultima le ha massacrate.
AM e' invece un caso particolare e mi scuso per l'OT, ma ero due settimane fa a MEX e ho notato una incredibile serie di partenze per tratte intercont sul tabellone, 90% AM; non ho potuto fare a meno di riflettere se vi fosse poi tutta questa domanda da giustificare un network di tale portata...poi oggi leggo di un bel loss 2018...con tagli di rotte...

Quindi, queste non se la passano bene per aver cercato di spadroneggiare, AZ non se la passa bene perche' incapace anche solo di capire cosa fare, e' ben diverso.

 

[Alitalia Fan]

Etihad pare che sia in procinto di cancellare i 62 A350 che ha in ordine (o una larga parte).


Etihad Cancels 62 A350 Orders and Will Now Outsource Australian Lounges
[FONT=&]
As if we hadn’t heard enough about airlines struggling with money this week, it seems the flag carrier of the UAE is feeling financial pressures of their own. Etihad Airways are today reported to be on the verge of cancelling their orders for the A350, as well as outsourcing lounges in a bid to cut costs.

Etihad’s cost cutting measures just took a turn for the worseThe struggling airline is also handing off control of many of its airport lounges, a facility previously only available to premium passengers. For some time now, the lounges have been open to all Etihad passengers, upon payment of a $40 entrance levy, but now they’re going to be open to other airline passengers too.
A couple of weeks ago Simple Flying reported on Etihad handing over control of their Heathrow T4 lounge to No1 Lounges. Well, now they’re also handing No1 Lounges the reins on their Sydney and Melbourne lounges too.
From next week, No1 lounges will take over these two Australian sites. The airline is maintaining control of lounges in Paris, New York, Los Angeles and Washington Dulles. But for how long?

Etihad cancels A350 orders

In June this year, the Etihad fleet consisted of 110 aircraft with a further 165 on order. These orders included:

• Airbus A350: 62
• Boeing 787: 52
• Boeing 777: 26
• Airbus A321neo: 26
• Airbus A320neo: 10

When the orders were placed for these aircraft, Etihad were pursuing an aggressive expansion strategy, in a bid to keep pace with neighbouring Emirates and Qatar. However, in view of recent losses and projected further losses in the coming years, the airline is planning to scale back their strategy, leaving many of these aircraft unnecessary.
The new A350s will almost certainly never be liveried for EtihadIf Etihad cancels A350 orders, it shouldn’t come as a complete shock to Airbus. Back in June this year, Etihad worked hard to wiggle out of a deal with Boeing to cancel or defer 25 planes from their order of 777Xs.
Other reports suggest that, over a month ago, Etihad cancelled all the training requirements for the A350. They also cancelled delivery of the A350 simulator, which suggests they’ve known for some time they would never operate this aircraft.

The story of the Etihad financial struggles

For Etihad financial struggles have been coming to a head for some time now. Reporting losses of $1.52bn last year. And that was on top of a loss of $1.87bn the year before.
Much of this was down to a failed investment, say the airline. In particular, they blame poorly chosen partnerships including those with Alitalia and airberlin, both of whom have since gone bust. They still hold stakes in four other airlines, including struggling Jet Airways.
Since the appointment of Tony Douglas as the new CEO, the carrier has been trying to pare back operations, trimming their fleet of 121 aircraft down to 115 by last winter. They’ve cut a bunch of routes too, now serving around 100 destinations down from 117 two years ago.
Their ‘boutique’ service has been drastically reduced too. They’ve cut out chauffeur service, got rid of pyjamas, pared back their spa services in their lounges and downgraded their catering. In June this year, a number of pilots were transferred from Etihad to Emirates and, in total, 4,150 employees have been removed from the carrier since 2016.
[/FONT]
https://simpleflying.com/etihad-cancels-62-a350-orders-and-will-now-outsource-australian-lounges/

Io credo che sia una cosa buona e giusta ed onestamente non capisco perché, anche all'epoca, si scelse per due modelli abbastanza complementari. Il 787 nelle versioni -9 e -10 va benissimo per il network attuale ed offrono alti livelli di confort (anche se 3-3-3 è sicuramente strettina).

Discorso diverso per i B777X che spero vivamente arrivino in quanto un completo refurbishment degli interni degli attuali 777 sarebbe molto dispendioso (senza contare che su alcune rotte ULR serve molta capacità come ad esempio ORD, YYZ).

In tutto ciò mese prossimo arriverà il primo B787-10 A6-BMA (e seguiranno BMB, BMC, BMD, BME, BMF, e BMG ma non so in quale lasso temporale) configurato 32-304 e senza crew rest. Volerà, come si sa già, all'inizio su JED e poi ICN.

 

[Dr Gio]

dai su, anche AM non se la passa bene ma sai meglio di me che sono dinamiche ben diverse: EY ha cannato la sua politica di espansione giocando a chi ce l'aveva piu' lungo tra loro, QR e EK, dove quest'ultima le ha massacrate.
AM e' invece un caso particolare e mi scuso per l'OT, ma ero due settimane fa a MEX e ho notato una incredibile serie di partenze per tratte intercont sul tabellone, 90% AM; non ho potuto fare a meno di riflettere se vi fosse poi tutta questa domanda da giustificare un network di tale portata...poi oggi leggo di un bel loss 2018...con tagli di rotte...

Quindi, queste non se la passano bene per aver cercato di spadroneggiare, AZ non se la passa bene perche' incapace anche solo di capire cosa fare, e' ben diverso.

Concordo su tutto.