األحد2015إبريل 26

United To Swap Boeing 787 Positions for 777s

United Airlines has reached an agreement with Boeing to

exchange orders for ten 787s with the same number of

777-300ERs as part of a new fleet plan designed to

increase the average size and range capabilities of its

long-haul airplanes. The deal comes as Boeing aims at a

target to sell 60 current-generation 777s a year in an

effort to ensure an uninterrupted transition to production

of the new 777X in 2018. During the company’s first-

quarter earnings conference call on Wednesday, Boeing

CEO Jim McNerney said Boeing had collected orders and

commitments for twenty-five 777s so far this year, and

that the company had sold out all delivery positions for

2016 and roughly half of its positions for 2017.

United also confirmed plans to completely remove more

than 130 fifty-seat jets from its schedule by the end of

this year. It added that it will remove more 50-seat

airplanes next year “and beyond” as their leases expire

http://www.ainonline.com

Continue Further widebody fleet plan “refinements” involve a life

extension plan for 11 more 767-300ERs, meaning the

airline now plans to extend the life of all 21 Boeing 767-

300ERs in its fleet through investments in winglets,

reliability improvements and interior modifications. The

changes will improve financial performance and customer

appeal, it said. Meanwhile, United plans to reconfigure and

move ten 777-200s now used in international markets into

its domestic network, and position “ number” of its

transatlantic 757-200s into the domestic and Latin

American markets.

Finally, the airline has entered final negotiations involving

the lease of 10 to 20 used narrowbodies for delivery over

the next “few years” as part of a wider plan to continually

add used aircraft to meet its needs “as market

conditions allow.”

United said the changes will not affect its 2015 capacity

guidance, nor will it alter its current gross annual capital

expenditure guidance of $2.7 billion to $2.9 billion over the

next three to four years.

“These changes are part of our strategy to improve

operational reliability, grow capacity with demand, and

enable us to achieve our long-term goal to improve

margins and return on invested capital,” said John Rainey,

UAL's executive vice president and chief financial officer.

“Customers tell us they prefer larger aircraft, and these

fleet modifications will provide more opportunity for our

customers to travel on the type of aircraft they prefer.”

http://www.ainonline.com

US dossier claims Qatar Airways mulled shutting down

Qatar Airways shareholders considered dissolving the airline five year

ago amid mounting liabilities, according to a new dossier released by US

airlines.

Delta Air Lines, American Airlines, and United Airlines, under the

umbrella of Partnership for Open and Fair Skies, have released financial

records of Qatar Airways, Emirates and Etihad Airways obtained after a

two-year investigation.

Based on this evidence, the US airlines claim their Gulf counterparts

have received $42 billion in subsidies and other state benefits since

2004.

The investigators claim they managed to obtain financial statements,

charter documents and other records from corporate registries in

various countries where the Gulf carriers have local operations.

The worldwide search spanned nearly 30 jurisdictions, including

Singapore, Australia, India, Belgium, Ireland, Malta and the United

Kingdom, and yielded 44 documents totalling 1,021 pages – all of which

are now available online.

The investigation unearthed 19 years of Qatar Airways’ financial

statements. In the 2009 financial statement, which was audited by Ernst

& Young, it was reported that the airline had accumulated losses that

exceeded 50 percent of the share capital.

In accordance with the articles of association of the company, an

emergency general meeting (EGM) had to be convened to decide

whether the situation required a dissolution of the company, decrease its

stake or take any other suitable measures, the documents claim.

At the meeting on September 8 2009, the shareholders resolved to

continue operations as adequate financial support was made available to

meet any liabilities, the documents claim. Qatar Airways did not respond

when contacted by Arabian Business for comment.

Both Etihad and Emirates have strongly denied that they have received

subsidies, while Qatar Airways’ CEO Akbar Al Baker is due to address

the allegations in presentations scheduled for May 13.

http://www.arabiansupplychain.com

American CEO gives up cash pay, to be

compensated entirely in company stock

American Airlines CEO Doug Parker will give up the cash portion of his

pay package, instead opting for compensation that comes entirely from

company stock. Parker said the change would align his compensation

closer to shareholder interests.

"I believe this is the right way for my compensation to be set — at risk,

based entirely on the results achieved, and in the same currency that our

shareholders receive," Parker wrote in a letter to employees.

"The target amount will remain approximately 20% below my peers at

Delta and United until all of our team members have joint contracts that

compensate as well or better than those airlines," Parker added.

Reuters notes: "Only pilots and flight attendants at American, the world's

largest passenger carrier since it merged with US Airways in 2013, have

joint collective bargaining agreements in place."

Parker said Wednesday he asked American's board of directors to stop

paying him a salary and annual bonus. Instead, Parker will be paid with

restricted stock. Some of that value will be tied to the airline's

performance.

American earned record profits in 2014, with Parker receiving a $687,884

salary,"maximum" incentive payments of $4.2 million, stock awards

valued at $7 million, and $414,092 in other payments, according to The

Associated Press.

Bloomberg News says Parker will join only four other CEOs from among

companies in the Standard & Poor's 500 Index to earn a salary of $1 or

less. The others: Facebook's Mark Zuckerberg; Kinder Morgan's Rich

Kinder; Google's Larry Page; and Fossil Group's Kosta Kartsotis. But

Bloomberg adds "unlike Parker, they don't receive stock awards."

http://www.usatoday.com

Continue

Despite the change for 2015, The Dallas Morning News says "don't worry

about Parker ... . He'll do OK." More than half -- about 54% of Parker's

stock compensation -- will be tied to the carrier's performance over the

next few years. The value likely will be in the millions.

Parker, of course, is the CEO who helped engineer a series of mergers

that have resulted in American's current status as the biggest airline in

the world. In 2005, Parker led America West into a merger with US

Airways, with the combined company taking the name of the latter. Then,

with Parker still at the helm, US Airways engineered a merger with then-

bankrupt American Airlines.

Parker is now the combined carrier's CEO and is the longest-tenured top

executive at a major U.S. airline. American's share prices have more than

doubled since the merger with US Airways closed in December 2013.

AP notes "Parker's deal seems to cut against a trend in CEO pay. Stock

grants were attractive just after the financial crisis of 2008 but are less

appealing now after a long rally in the stock market — the shares are less

likely to rise. Cash payments to CEOs in 2014 grew at the fastest rate in

at least four years, according to a study that the Hay Group conducted

for The Wall Street Journal."

Aaron Boyd, director of governance research at Equilar, tells AP that

paying a CEO with stock instead of cash "is usually meant as a

demonstration to employees and shareholders that the CEO is really

committed to the growth of the stock price."

"The message it sends is pretty clear that the CEO is fully on board and

in line with the shareholders," Kevin Kuschel, a director at the

Longnecker & Associates firm that consults on executive pay, says to

Bloomberg News. Parker is "willing to take the downside risk to the stock

and ride the upside along with the shareholders."

http://www.usatoday.com

Plane runs off runway in Deer Valley airport

An airplane that had landing gear

problems ran off the Deer Valley

Airport Thursday afternoon, the

Phoenix Fire Department said.

No fire started and the pilot was

unharmed when the plane went off

the runway at about 2 p.m., according

to Phoenix fire.

No other passengers were on the

plane, a fire official said.

Fire crews are currently making sure

there are no further issues, officials

said, and more information will be

released as it is made available.

http://www.azcentral.com

Ethiopian Airlines Starts flights to Tokyo

Flight No

Departure days & time

Arrival days & time

ET672 ADD Mon, Wed, Fri 22:15

Tue, Thur, Sat 19:30

ET673 NRT Tue, Thur, Sat 20:45

Wed, Fri, Sun 06:00

Addis Ababa, Ethiopia – Ethiopian Airlines, the largest

airline in Africa, is pleased to announce that it has

started new services to Tokyo Narita International

Airport in April 21, 2015, in codeshare partnership with

fellow Star Alliance member, All Nippon Airways,

Japan’s leading airline.

The thrice weekly flight, the only direct connection

between Africa and Japan, will be operated through

Hong Kong with the ultra-modern Boeing 787

Dreamliner aircraft, which offers customers the best

on-board comfort with the biggest windows in the sky,

high ceiling, less noise than any aircraft with less

carbon footprint, and higher cabin humidity ideal for

long haul travel.

The flight schedule in local times is as follows:

http://www.ethiosports.com

Continue Chief Executive Officer of Ethiopian Airlines Group, Ato Tewolde Gebremariam,

said: “As the only direct service between Africa and Japan, our flights to Narita will

give our customers the best possible connectivity options and will be critical role

in enabling greater people-to-people, investment, trade and tourism ties between a

rising Africa, the second fastest growing region in the world, and a highly

industrialized Japan, the third largest economy in the world.”

Tokyo is one of the world’s most populous metropolis and serves as Japan’s

political, economic and cultural hub. Japan is the world’s third largest economy

and one of the main financial and economic centers with growing investment,

trade and tourism ties with Africa. Ethiopian flights to Tokyo will enable the

strengthening of investment, trade, tourism and people-to-people ties between

Africa and Japan.

Ethiopian is a Pan-African global carrier voted by Passenger Choice Awards as the

Best in Africa for two consecutive years, in the most comprehensive survey in the

industry. The airline operates the youngest fleet in the continent with an average of

less than 7 years and currently serves 84 international destinations across 5

continents with over 200 daily departures.

About Ethiopian

Ethiopian Airlines (Ethiopian) is the fastest growing and most profitable airline in

Africa. In 2014, IATA ranked Ethiopian as the largest airline in Africa in revenue and

profit. In its operations in the past close to seven decades, Ethiopian has been a

pioneer of African aviation as an aircraft technology leader providing the first jet

service in the continent in 1962, and availing the first African B767 in 1984, the first

African B777-200LR in 2010 and the first African and second only to Japan B787

Dreamliner in 2012.

Ethiopian commands the lion share of the pan-African passenger and cargo

network operating the youngest and most modern fleet to more than 83

international destinations across five continents. Ethiopian fleet includes ultra-

modern and environmentally friendly aircraft such as the Boeing 787, Boeing 777-

300ER, Boeing 777-200LR, Boeing 777-200LR Freighter and Bombardier Q-400 with

double cabin. In fact, Ethiopian is the first airline in Africa to own and operate

these aircraft.

Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that

will see it become the leading airline group in Africa with seven strategic business

units: Ethiopian International Passenger Service; Ethiopian Regional Service;

Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flight

Catering Service and Ethiopian Ground Service. Ethiopian is a multi-award

winning, including SKYTRAX and Passenger Choice Awards in 2013 and has been

registering an average growth of 25% per annum in the past seven years.

http://www.ethiosports.com

Lufthansa at risk of losing DAX index listing

) parent, Lufthansa Group, risks demotion Frankfurt Int'l(LH, Lufthansa

from Frankfurt's blue-chip DAX index German business daily,

Handelsblatt, has reported. Market analysts who spoke to the paper said

that if Lufthansa Group's share price and market capitalization continue

to fall, that could precipitate the Group's relegation to the MDAX, the

index that caters for companies ranked below the DAX.

A review of the DAX's composition is due to take place in September and

among the criteria used to determine eligibility include market

capitalization, as measured by the free float, and stock trading volume

over the past twelve months. DAX-listed firms must be ranked higher than

thirtieth for both criteria for them to maintain their listings.

From a six-year market high of EUR20.26 per share last year in July, a

series of damaging strikes not to mention the devastating crash of

last month, ostensibly 9525 U4) flight Cologne/BonnU, 4( germanwings

due to pilot suicide, have hit the Group's share price hard with it now

trading at EUR12.42.

While of the thirty firms listed on the DAX Lufthansa Group ranks

seventeenth in terms of trading volume, its overall market capitalization

has now slipped to thirty-seventh putting its continued presence on the

elite index in jeopardy.

However, according to the paper, despite Lufthansa's slide, the Group's

DAX membership is not in immediate danger given that German chemical

giants K+S and Lanxess are said to be in a far more precarious situation

in terms of their respective stock-market listings.

http://www.ch-aviation.com

EgyptAir Group enters medical tourism market

EgyptAir Hospital has signed a cooperation protocol

with EgyptAir Tourism (Karnak) & Duty Free and

EgyptAir Airlines to activate medical tourism.

The signing ceremony was attended by Capt. Sameh El-

Hefny, chairman and CEO of EgyptAir Holding

Company, Capt. Ahmed Adel, the vice president, in

addition to CEOs and a group of the senior managers of

the company.

"This cooperation between EgyptAir companies in this

field aims at activating medical tourism and offering

medical services in Egypt in general and through

EgyptAir in particular. The field of medical tourism has

a remarkable development during the last few years. In

addition, Egypt has a good climate, competitive prices

and very qualified doctors in all specialties," said El-

Hefny.

Dr. Anwar Helmy, chairman and CEO of Medical

Services, said: “EgyptAir Hospital will be the

headquarters for the new program by providing medical

services, performing surgical operations, whether by

the hospital's capabilities or by contracting with

specialized companies in medical tourism and services.

There will be a follow-up of the cases in the hospital

after the medical procedure as well as facilitating all

legal and financial procedures for the patients".

http://www.arabianaerospace.aero

الشركة القابضة -ادارة العالقات العامة

لمصر للطيران