Home' Asian Aviation : AAV July August 2010 Contents 10 AsianAviation | JULY--AUGUST 2010
Hong Kong Airlines formally took delivery
of its first Airbus aircraft, an A330-200 at a
ceremony on 15 June.
The jetliner features the carrier's new,
two-class long-haul cabin and was poised
to launch services to Europe at the end of
June, initially flying non-stop to Moscow.
The A330-200 is the first of 53 aircraft
ordered by the airline from Airbus, including
23 A330s and 30 single-aisle A320s. The
airline also plans to operate two A330-200F
freighters under a separate lease agreement.
"The arrival of the A330 is a milestone for
Hong Kong Airlines as we expand into the
long haul market," says Hong Kong Airlines
President Yang Jian Hong.
Established in 2006, Hong Kong Airlines
already operates a network linking Hong
Kong with destinations in mainland China
and the Asian region. With the arrival of
the A330s, the airline plans to expand its
reach to major cities in Europe, as well as to
destinations in North America. -- Andrzej
Canadian aircraft manufacturer Bombardier
says its first-quarter financial performance
indicates that the worst is over for the business
jet market, while the commercial aircraft
business is showing signs of recovery.
"Key indicators in the business-jet market
are showing signs of stabilisation and our
level of business aircraft cancellations has
substantially decreased," says Pierre Beaudoin,
Bombardier's president and chief executing
officer. "Commercial aircraft has benefited
from a breakthrough order in the United
States for the CSeries aircraft and Bombardier
Aerospace's overall book-to-bill ratio stands at
1.2 for the quarter, compared to 0.1 last year."
Group revenue for the first quarter, ended
30 April, fell slightly to US$4.2 billion from
US$4.5 billion a year earlier, while earnings
before financing income, financing expense
and income taxes (EBIT) totalled US$224
million, down from US$235 million last fiscal
year. The EBIT margin stood unchanged at 5.3
percent for the period.
Net income dipped to US$153 million from
US$158 million in the year-earlier period.
The overall backlog totalled US$44.4 billion,
compared with US$43.8 billion as of 31
January this year.
"Again this quarter, both groups performed
well given the current economic context,"
At Bombardier Aerospace, first-quarter sale
fell to US$1.9 billion from US$2.2 billion a year
earlier, while EBIT totalled US$89 million, down
from US$110 million. This translated into
an EBIT margin of 4.6 percent for the three-
month period, compared with 5 percent last
Bombardier Aerospace delivered 53 aircraft
in the quarter, compared with 75 last year, in
line with expectations. The group received 61
net orders compared with nine for the same
period last fiscal year, and the backlog grew to
US$17.3 billion from US$16.7 billion as of 31
"Although the aerospace industry continues
to experience challenging conditions, the
business aircraft market is seeing stabilization
in key indicators such as increased fleet
activity and a decrease in the number of
pre-owned aircraft," the manufacturer says.
"The last General Aviation Manufacturers
Association (GAMA) shipment report shows
Bombardier Aerospace continued to be the
market leader in both revenues and units
delivered during the first three months of
calendar year 2010."
In the commercial aircraft sector, while
airlines remain focused on matching capacity
to demand and controlling costs, Bombardier
Aerospace received an order for 40 CSeries
CS300 mainline jets, with options for 40
more, from Republic Air Holdings. The group
also received an order for 15 Q400 NextGen
turboprops, with 15 options, from Jazz Air, as
well as a firm order for three CRJ900 NextGen
regional jets, with six options, from Pluna
Líneas Aéreas Uruguayas. -- Andrzej Jeziorski
NEWS IN BRIEF
CARGO AIRCRAFT Management, a subsidiary
of Air Transport Services Group (ATSG), has
agreed to acquire three Boeing 767-300ERs
from Qantas. The three aircraft will first undergo
conversion into full-freighter configuration,
before being deployed under a leasing
agreement in the first half of 2011. The jets
are powered by General Electric CF6-80C2-B6
turbofans and will offer a maximum payload of
54,480kg and a range of 3,255 nautical miles.
Hong Kong Airlines takes delivery of first Airbus A330
stabilisation in business jet market
Hong Kong Airlines will use
the A330 on flights to Europe.
An order for 40
jetliners with 40
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