Cathay Pacific Airways today announced the year-end salary increment for its Hong Kong-based staff together with details of a discretionary 13th month payment and a further profit share in light of the company’s continued strong performance this year.
The airline announced that eligible Hong Kong staff will receive an average salary increase in the range of 4 to 4.5%. The company also confirmed that all eligible staff in Hong Kong will receive a discretionary 13th month payment together with their December salary payment. Barring adverse circumstances, staff can expect to receive a profit share of at least another three weeks’ salary after Cathay Pacific announces its full-year results next March, in addition to the two weeks paid in advance in August this year after the airline posted a record interim profit.
Cathay Pacific has seen a remarkable turnaround in its business in 2010, and on Monday issued a trading statement to the Hong Kong Stock Exchange advising its expectation that its full-year profit for 2010 will not be less than HK$12.5 billion following consistently strong demand on both the passenger and cargo sides of its business. The airline’s result will also be boosted by a significant contribution from its strategic partnership with Air China and the profits resulting from the sale of shareholdings in HAECO and Hactl earlier this year.
Cathay Pacific Chief Executive Tony Tyler said: “The nature of the airline industry has always been hugely volatile and our aim is to survive when times are bad and thrive when times are good.
“We have to take a similar approach to rewarding the team. When times are bad, our policy is to work to keep the team together – as happened during the recent downturn. When times are good, we will reward staff by sharing the gains.
“There is no question we are in good times now and we are delighted to reward our staff for a great effort in supporting us through the recent downturn and helping us to achieve what we expect will be a record profit in 2010. I believe this is a fair and reasonable arrangement and one that properly reflects the company’s gratitude for a great job done– and that also strikes the right balance between rewarding our talented team and acknowledging the unwavering support we have received from our shareholders through thick and thin over the last decade.”
Mr Tyler added that through the combination of profit share, discretionary 13th month payment and salary increments, staff will be significantly better off than they were last year. “This is just as it should be when our business is so strong,” he said, adding that the Local Staff Union has agreed to the package.
Singapore Airlines will be carrying out ongoing precautionary inspections
Singapore Airlines will be carrying out ongoing precautionary inspections on its Airbus A380 fleet, in full compliance with a directive from the European Aviation Safety Agency (EASA) and guidance from engine manufacturer Rolls-Royce.
These inspections are not expected to affect flight timings. Schedules are due to remain as normal.
In order to maintain a normal schedule and minimise disruptions to our customers, we will be deploying Boeing 747-400s and Boeing 777s, where necessary, in place of A380s on certain flights to/ from Sydney and Melbourne.
Singapore Airlines-Notice for US bound customers
The Transportation Security Administration has announced additional guidelines for travellers heading to the United States of America.
With immediate effect, printer or toner cartridges weighing 16 ounces (453 grams) or more will not be permitted on both carry-on or checked baggage.
Boeing, SpiceJet Finalize Order for 30 Next-Generation 737-800s
Boeing and Indian budget carrier, SpiceJet announced an order for 30 Boeing Next-Generation 737-800 with winglets in the presence of the US president Obama late last week.
Valued at about US$ 2.3 billion at list prices, SpiceJet had declared its intent to purchase Boeing’s Next-Generation 737-800 in July this year. This order was previously attributed to an unidentified customer on Boeing’s orders and deliveries website. SpiceJet currently operates a fleet of 24 Boeing 737-800s and 737-900ERs.
“SpiceJet is already operating a sizeable fleet of 737-800s and 737-900ERs and the new order underscores the airline’s confidence in the airplane,” said Dinesh Keskar, vice president of Boeing International and president of Boeing India.
“We are extremely satisfied with the Next-Generation 737 — an airplane that is reliable, allows for greater efficiency in maintenance and supports the business plan for low-cost carriers,” said Neil Mills, Chief Executive Officer, SpiceJet . “The aviation sector in India is recovering and business and leisure travel is on the rise. With the addition of the new 737s, it will help us expand SpiceJet’s domestic network as well as support the launch of our international destinations.”
Boeing will deliver SpiceJet’s Next-Generation 737-800s with the all-new 737 Boeing Sky Interior. The interior promises to redefine the travel experience for SpiceJet passengers, who will enjoy the modern, sculpted sidewalls and window reveals and larger stow bins that are standard with the new interior.
The Boeing Sky Interior is the latest in a series of improvements to the Next-Generation 737 family. The next to come is a package of performance improvements that will reduce fuel consumption and carbon emissions by 2 percent — making the airplane a full 7 percent more efficient than the first Next-Generation 737s delivered. Performance improvements to the airframe and engine are beginning certification test soon, and will be fully in service by early 2012.
To-date more than 125 customers have placed orders for more than 5,600 Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed 2,100 airplanes valued at more than $160 billion at average list prices.
Boeing Delivers its 900th 777 airplane to Ethiopian Airlines.
Boeing (NYSE: BA) delivered its 900th 777 airplane today to Ethiopian Airlines. The airplane is the ultra-long-range Boeing 777-200LR (long range) Worldliner, and is the first of five 777s the airline ordered in 2009.
"With the delivery of its first 777-200LR, Ethiopian is the first airline in Africa to operate the world's most technologically advanced and longest-range airplane," said Ethiopian Airlines Chief Executive Officer Ato Girma Wake. "This further reaffirms our commitment to be the leader of aviation in Africa."
Based in Addis Ababa, Ethiopia, the carrier is investing in additional airplanes to broaden its network. The carrier will use the 777-200LRs on new, nonstop service from Washington, D.C., to Addis Ababa and new long-haul, nonstop routes like Beijing.
"The 777-200LR is the only airplane that provides the range and efficiency that Ethiopian needs to service its long-haul routes," said Larry Loftis, vice president and general manager, 777 program. "And it's our pleasure to deliver this airplane, our 900th, to a first-time 777 customer."
The 777 program reached the 900-airplane milestone faster than any other twin-aisle airplane in history. The 777's performance and passenger-preferred interior have made it the world's most popular twin-engine long-haul commercial jetliner, with 1,165 orders from 61 customers.
"Today we celebrate a very important historical milestone with our longstanding customer Ethiopian Airlines," said Marlin Dailey, vice president of Sales & Marketing, Boeing Commercial Airplanes. "Ethiopian's order, along with this 900th 777 delivery, confirms both the leadership role and market preference for the 777 – the flagship of the world's premiere airlines."
The 777-200LR carries more passengers and more revenue cargo farther than any other jetliner, and is capable of connecting virtually any two cities in the world nonstop. It also can carry a full cargo load on routes where other airplanes are payload limited – giving airlines the ability to carry the same number of passengers farther and with additional revenue-generating cargo.
Provisions for up to three optional fuel tanks have been added in the aft cargo area of the 777-200LR to be able to fly a range of 9,395 nautical miles (17,395 km) with full passenger payload (301 passengers).
"As one of the premier airlines in Africa and around the world, Ethiopian has long used Boeing airplanes as a tool for achieving our business goals," Wake said. "The strategic long-range feature of the 777-200LR will again help Ethiopian expand our network and is a perfect complement to the 787s that are on order.
"The Boeing 777 will help us bring our business to the next level," said Wake. "Boeing has been an important and valued partner to Ethiopian for many, many years. This order reinforces the deep ties between our two companies."
Boeing's partnership with Ethiopian Airlines dates back some 60 years. Today, it operates an all-Boeing fleet of 737, 757, and 767 airplanes in passenger service and 757, MD11 and 747 in cargo operations.
Boeing, SpiceJet Finalize Order for 30 Next-Generation 737-800s
Boeing and Indian budget carrier, SpiceJet announced an order for 30 Boeing Next-Generation 737-800 with winglets in the presence of the US president Obama late last week.
Valued at about US$ 2.3 billion at list prices, SpiceJet had declared its intent to purchase Boeing’s Next-Generation 737-800 in July this year. This order was previously attributed to an unidentified customer on Boeing’s orders and deliveries website. SpiceJet currently operates a fleet of 24 Boeing 737-800s and 737-900ERs.
“SpiceJet is already operating a sizeable fleet of 737-800s and 737-900ERs and the new order underscores the airline’s confidence in the airplane,” said Dinesh Keskar, vice president of Boeing International and president of Boeing India.
“We are extremely satisfied with the Next-Generation 737 — an airplane that is reliable, allows for greater efficiency in maintenance and supports the business plan for low-cost carriers,” said Neil Mills, Chief Executive Officer, SpiceJet . “The aviation sector in India is recovering and business and leisure travel is on the rise. With the addition of the new 737s, it will help us expand SpiceJet’s domestic network as well as support the launch of our international destinations.”
Boeing will deliver SpiceJet’s Next-Generation 737-800s with the all-new 737 Boeing Sky Interior. The interior promises to redefine the travel experience for SpiceJet passengers, who will enjoy the modern, sculpted sidewalls and window reveals and larger stow bins that are standard with the new interior.
The Boeing Sky Interior is the latest in a series of improvements to the Next-Generation 737 family. The next to come is a package of performance improvements that will reduce fuel consumption and carbon emissions by 2 percent — making the airplane a full 7 percent more efficient than the first Next-Generation 737s delivered. Performance improvements to the airframe and engine are beginning certification test soon, and will be fully in service by early 2012.
To-date more than 125 customers have placed orders for more than 5,600 Next-Generation 737s. Unfilled orders for the Next-Generation 737 exceed 2,100 airplanes valued at more than $160 billion at average list prices.
Boeing Delivers its 900th 777 airplane to Ethiopian Airlines.
Boeing (NYSE: BA) delivered its 900th 777 airplane today to Ethiopian Airlines. The airplane is the ultra-long-range Boeing 777-200LR (long range) Worldliner, and is the first of five 777s the airline ordered in 2009.
"With the delivery of its first 777-200LR, Ethiopian is the first airline in Africa to operate the world's most technologically advanced and longest-range airplane," said Ethiopian Airlines Chief Executive Officer Ato Girma Wake. "This further reaffirms our commitment to be the leader of aviation in Africa."
Based in Addis Ababa, Ethiopia, the carrier is investing in additional airplanes to broaden its network. The carrier will use the 777-200LRs on new, nonstop service from Washington, D.C., to Addis Ababa and new long-haul, nonstop routes like Beijing.
"The 777-200LR is the only airplane that provides the range and efficiency that Ethiopian needs to service its long-haul routes," said Larry Loftis, vice president and general manager, 777 program. "And it's our pleasure to deliver this airplane, our 900th, to a first-time 777 customer."
The 777 program reached the 900-airplane milestone faster than any other twin-aisle airplane in history. The 777's performance and passenger-preferred interior have made it the world's most popular twin-engine long-haul commercial jetliner, with 1,165 orders from 61 customers.
"Today we celebrate a very important historical milestone with our longstanding customer Ethiopian Airlines," said Marlin Dailey, vice president of Sales & Marketing, Boeing Commercial Airplanes. "Ethiopian's order, along with this 900th 777 delivery, confirms both the leadership role and market preference for the 777 – the flagship of the world's premiere airlines."
The 777-200LR carries more passengers and more revenue cargo farther than any other jetliner, and is capable of connecting virtually any two cities in the world nonstop. It also can carry a full cargo load on routes where other airplanes are payload limited – giving airlines the ability to carry the same number of passengers farther and with additional revenue-generating cargo.
Provisions for up to three optional fuel tanks have been added in the aft cargo area of the 777-200LR to be able to fly a range of 9,395 nautical miles (17,395 km) with full passenger payload (301 passengers).
"As one of the premier airlines in Africa and around the world, Ethiopian has long used Boeing airplanes as a tool for achieving our business goals," Wake said. "The strategic long-range feature of the 777-200LR will again help Ethiopian expand our network and is a perfect complement to the 787s that are on order.
"The Boeing 777 will help us bring our business to the next level," said Wake. "Boeing has been an important and valued partner to Ethiopian for many, many years. This order reinforces the deep ties between our two companies."
Boeing's partnership with Ethiopian Airlines dates back some 60 years. Today, it operates an all-Boeing fleet of 737, 757, and 767 airplanes in passenger service and 757, MD11 and 747 in cargo operations.
Boeing Airplane Health Managemnent Activated on Air china on 737 Fleet.
Boeing (NYSE: BA) and Air China said today that the initial release of Boeing's Airplane Health Management (AHM) system is now active on 40 airplanes in the airline's Next-Generation 737 fleet, providing information on the condition of airplanes during flight operations.
"We are quite excited to begin seeing the benefits of Airplane Health Management," said Zhong Dechao, deputy chief engineer of Air China. "AHM will help us improve our maintenance efficiency and will benefit our passengers with an even higher level of on-time performance."
Airplane Health Management allows Air China to gather and evaluate critical real-time in-flight flying condition data, relaying airplane information to ground controllers. This visibility allows the airline to better plan and perform repairs, minimizing scheduling impacts.
AHM also supports long-term fleet reliability by helping airlines identify and respond to faults proactively. Fleet-wide history and knowledge from multiple operators is available to help guide repair decisions on same-model airplanes, improving reliability and efficiency.
Air China last year contracted with Boeing for AHM on a total of 117 Air China 737s that are in service and on order. Air China is Boeing's first Chinese customer for AHM.
Airplane Health Management is a key component in Boeing's larger vision of Lifecycle Solutions -- improving airline efficiency with digital productivity tools, product and industry expertise and the power of aviation's leading integrated supply chain, supporting Boeing airplanes from order placement through retirement.
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