Sukhoi traditions: SSJ100 special livery for Atlas Jet and Centre-South Airlines
April 3, 2014
On 2 of April 2014 as part of “Sukhoi” design bureau 75-th birthday celebration, “Atlas Jet” Sukhoi Superjet 100 presentation took place in Zhukovsky, the aircraft will become part of Moscow carrier “Center-South” fleet and will be operated for “Atlas Jet”. The peculiarities of SSJ100 MSN 95015 livery are the corporate colors of new Customer and the “Sukhoi” symbolics.
Leading aircraft developer and manufacturer, design bureau “Sukhoi” celebrates its 75-th birthday in July 2014. On 29 of July 1939 design bureau was founded, and Pavel Sukhoi was appointed Chief Engineer.
On the threshold of “Sukhoi” jubilee celebration it was decided to give the aircraft the name of Sergey Melnikov, Hero of Russia.
Sergey Melnikov took part in design and development of new aircraft and also performed flight tests of Su-17, Su-24, Su-25, Su-27, Su-30, Su-34, Su-35, Su-33.
Pavel Sukhoi’s work had huge impact over Russian aircraft industry. Every year design bureau “Sukhoi” strengthens its leading positions as leading developer and manufacturer of both military and civil aircraft.
Today “Su” aircraft and their modifications are more than 60% of frontline Russian Air Force and also the “Su” fighters are in the armies of more than 30 countries worldwide and are delivered to South-East Asia, Latin America and Middle East. More than 100 aircraft types were created and more than 60 of them were in serial production. Total number of produced aircraft surpasses 10000. More than 50 world records were made on “Su” fighters.
In 2000 Sukhoi Company established JSC “Sukhoi Civil Aircraft” aimed at creation civil aircraft. Design bureau “Sukhoi” played important role in first modern Russian civil aircraft RRJ-95 (Sukhoi Superjet 100) creation.
SSJ100 (MSN 95015) is second aircraft of this type in the fleet of “Center-South”. On 21 of March 2014 first SSJ100 (MSN 95012) was delivered to the Customer and the very next day it started to perform charter flights, the first took NASA delegation to “Baikonur”.
SSJ100 were delivered to first Customers in 2011. Today regional jet Sukhoi Superjet 100 is present in fleet of 5 Russian carriers such as Aeroflot, Yakutia, Moskovia, Gazprom Avia and Center-South and in 3 foreign carriers – Interjet (Mexico), Sky Aviation (Indonesia) and Lao Central (Laos). SSJ100 performed more 27 000 commercial flights and more 40 000 flight hours.
ALTA Appoints Karolina Torres as Director of Member & Industry Relations; Marlene Lorca-Bucksbaum Retires from ALTA
April 2, 2014
Miami (Marzo 24, 2014) – ALTA, la Asociación Latinoamericana y del Caribe de Transporte Aéreo, nombró a Karolina Torres como su nueva Directora de Membresías y Relaciones con la Industria, a partir del pasado mes de enero. Ella reportará al Sr. Eduardo Iglesias, Director Ejecutivo de ALTA.
Karolina se encargará de supervisar el portafolio de miembros de la Asociación, fortalecer la base existente y adquirir nuevos miembros. También será responsable de estrechar las relaciones con los miembros y otros actores de la industria para emprender e influenciar iniciativas con el fin de mejorar la seguridad operacional y rentabilidad, entre otros, para el beneficio de la aviación en todas las Américas.
Eduardo Iglesias manifestó, “Karolina es una profesional con gran experiencia en la industria aérea, lo que le servirá tanto a ella como a ALTA en su principal rol como constructora de relaciones. Estamos muy complacidos de tenerla a bordo del equipo de ALTA.”
Karolina recientemente fue Representante de Ventas y Marketing de Global Airtech. Anteriormente fue la Gerente General de Sonset S.A. en Panamá. Previamente ocupó varios cargos técnicos y operativos en GE Commercial Aviation Services y en Copa Airlines. Karolina es graduada en Ingeniería Industrial de la Universidad Latinoamericana de Ciencia y Tecnología (ULACIT), en Panamá. Ha vivido en Costa Rica, Panamá y Brasil.
Karolina reemplaza a Marlene Lorca-Bucksbaum, quien representó a ALTA como Directora de Relaciones con los Miembros desde 2004. En ese papel, la Sra. Lorca-Bucksbaum hizo importantes contribuciones al crecimiento y evolución de ALTA como una Asociación que, junto con sus miembros, impulsa una agenda influyente para contribuir al mejoramiento de la aviación Latinoamericana y del Caribe.
LAN and TAM Debut New Unified Cabin Design
April 2, 2014
· Two aircraft in the LAN and TAM fleet, an Airbus A320 and A321, respectively, are the first to feature the new design on domestic flights within South America
· These are the first unified cabin designs for LATAM Airlines Group
· LATAM Airlines Group will also receive new long haul aircraft that feature the new designs starting in 2015.
Santiago, March 27, 2014 – LAN Airlines and its affiliates and TAM Airlines, members of LATAM Airlines Group, unveiled the new unified design for their cabins today.
Two aircraft already feature the new design including a LAN Airbus A320, servicing domestic routes within Chile and a TAM Airbus A321, servicing domestic routes within Brazil.
Moving forward, all of the new Airbus A320 and A321 short-haul aircraft will feature the new cabin interior and seats, giving passengers more space and comfort.
The fabric for the seats in the short-haul cabins was designed incorporating four colors and two different leather textures. For the new long-haul cabins, the fabric incorporates more cloth elements to create maximum comfort for longer flights.
Beginning in 2015, LATAM Airlines Group will incorporate two new aircraft models into the long-haul fleet with the Boeing 787-9 and Airbus A350-900 that will feature the new cabin design and offer two classes of service, Economy and Premium Business
The new unified cabin design is one of the most tangible examples of standardization between the two airlines since the merger. With a focus on a comfortable and welcoming experience, the design was inspired by South America’s colors and textures combining elegant natural tones that reflect the passionate culture and warmth of the region.
Jerome Cadier, Marketing Vice-President, LATAM Airlines Group, said, “We hope our passengers continue to enjoy the experience of flying with LAN and TAM and that they share the same passion we have for flying.”
LATAM Airlines Group collaborated on this project with prestigious international design consulting firm Priestmangoode, known for its vast experience in the aviation, railway and hotel industries among others.
With the new cabin design, LAN and TAM strengthen their global presence and their leadership in bringing the best of South America to the world.
“Every element was carefully selected and designed to include the best elements of the countries in the region to create a world class project. With these objectives in mind, the rich wood textures of the Amazon are present in several elements throughout the cabin, including part of the floor and details on the seats. The fabric, textures, colors, and patterns are reminiscent of the beautiful landscapes of our region. Even the iconic beaches of Ipanema were a source of inspiration for the cabins”, added Cadier.
LATAM AIRLINES GROUP REPORTS CONSOLIDATED OPERATING INCOME OF US$235 MILLION FOR FOURTH QUARTER OF 2013
March 18, 2014
Santiago, Chile, March 17, 2014 – LATAM Airlines Group S.A. (NYSE: LFL; IPSA: LAN; BOVESPA: LATM33), the leading airline group in Latin America, announced today its consolidated financial results for the fourth quarter ended December 31, 2013. “LATAM” or “the Company” makes reference to the consolidated entity, which includes passenger and cargo airlines in Latin America. All figures were prepared in accordance with International Financial Reporting Standards (IFRS) and are expressed in U.S. dollars. The Brazilian real / US dollar average exchange rate for the quarter was BRL 2.27 per USD.
HIGHLIGHTS
· LATAM Airlines Group reported operating income of US$234.9 million for fourth quarter 2013, a 166% increase compared to the US$88.3 million operating income in fourth quarter 2012. Operating margin reached 6.9%, an increase of 4.4 points compared to 2.5% in 2012. This strong expansion in margins was driven by significant improvement in the financial results of the domestic Brazil operations and the rationalization of international passenger operations, as well as the continued progress of the integration process, synergy and efficiency initiatives.
· During the fourth quarter of the year, and in line with the capacity cuts we had anticipated, we strongly decreased our total capacity as measured in ASKs by 4.5% as compared to the same period in 2012. This capacity rationalization was mainly a result of a strong decrease in capacity in our international network, which decreased by 6.5% as compared to the same period in 2012; and the continued rationalization of our domestic Brazil operations.
· For full year 2013, LATAM reported operating income of US$643.9 million, a 605% increase compared to the US$91.4 million in full year 2012 (pro forma). Operating margin reached 4.9% an increase of 4.2 points compared to 0.7% in 2012, in line with the guidance provided by the Company.
· After a process of reviewing its post-merger fleet plan and fleet requirements, during the second semester of 2013 LATAM decided to undertake a broad fleet restructuring plan with the aim of reducing the number of models operated, phasing out less efficient models and allocating aircraft best suited to each one of its markets. As a result, beginning in the fourth quarter of 2013 and for approximately the next thirty months, the Company will phase out all of its A330s, A340s, B737s and Q400 and Q200s. During the fourth quarter of 2013 this process has generated non-recurring costs of US17.5 million resulting from penalties related to anticipated redeliveries and other redelivery expenses. For the full year, these costs reached US$ 29 million. Excluding these non-recurring costs, LATAM’s operating margin reaches 7.4% for the fourth quarter 2013 and 5.1% for the full year 2013.
· For fourth quarter 2013, LATAM reported a net loss of US$46.1 million, compared to a net loss of US$69.8 million for the same period 2012, mainly due to a foreign exchange loss of US$142.6 million mostly recognized at TAM as a result of the devaluation of the Brazilian real during the quarter. The Company continues working to largely mitigate the exposure to the Brazilian real in TAM’s balance sheet by June 2014.
· TAM continues to make significant improvements in the financial results of the domestic Brazil passenger operations, maintaining capacity discipline with a 6.0% reduction in ASKs during the fourth quarter 2013 as compared to the fourth quarter 2012. Improved market segmentation and revenue management practices have resulted in increased yields and healthy load factor of 81.6%. This has led to a significant increase of 11.3% in revenue per ASK (“RASK”) as measured in Brazilian reais.
· LATAM continues to see positive results from our strategy of rationalizing international passenger capacity both in Brazil and the Spanish speaking countries, with a significant increase in revenue per ASK. Capacity on international routes decreased 6.5%, while traffic increased by 0.8% resulting in a load factor of 84.3%, a 6.1 percentage points increase as compared to the fourth quarter of 2012. Additionally, we received the approval from Brazilian authorities to better allocate passenger slots at São Paulo Guarulhos airport, which is a key milestone in the development of Guarulhos Airport as our main hub for regional and long haul traffic in South America.
· On January 10, 2014, LATAM Airlines Group successfully concluded its capital increase, raising US$940.5 million. The placement price was US$15.17 per share. With this, the company achieved significant progress in an important and strategic process that seeks to strengthen the balance sheet and financial position of LATAM through reducing leverage and improving liquidity.
· Starting this quarter the company will publish quarterly revenue per ASK figures for its main passenger business units.
ALTA Member Airlines Carry Over 160 Million Passengers in 2013
February 21, 2014
Miami, February 20, 2014 – The Latin American and Caribbean Air Transport Association (ALTA) announced that its member airlines carried 160.9 million passengers in 2013, up 6.5% from the previous year.
Traffic (RPK) grew 7.2% and capacity (ASK) increased 5.4%, bringing up the load factor to 77.7%, 1.3 percentage points higher than in 2012.
Eduardo Iglesias, ALTA´s Executive Director, remarked, “ALTA member airlines transported almost 10 million more passengers in 2013 compared to 2012, reaching a total of nearly 161 million passengers, 90% of whom travelled domestically and/or intra-regionally within Latin America and the Caribbean. These figures validate the projections of the expansion of aviation in the region and support the urgent need for investment in infrastructure in the short and medium term allowing the industry to realize the potential for growth. ”
The number of passengers carried during December 2013 increased 7.0% versus the same month of the previous year, reaching 14.6 million passengers. In that month, traffic (RPK) rose 7.5%, capacity (ASK) increased 3.9%, and the passenger load factor reached 79.1%, 2.6 percentage points higher than December 2012.
Freight ton kilometers increased 2.6% in 2013 despite an 8.0% decline in December.
Latin American carrier Avianca and ATR sign a 10-year maintenance contract
February 20, 2014
Avianca, one of the most recognized airlines in Latin America, has selected ATR to maintain and repair its new fleet of ATR 72-600 aircraft for a period of 10 years. As reported at the time, in late 2012 Avianca signed a purchase agreement with ATR for a fleet of 15 ATR 72-600 aircraft, with the option for 15 additional aircraft of the same type.
The Global Maintenance Agreement (GMA) covers the supply of spare parts, as well as repair and maintenance services for the new fleet of ATR aircraft currently being incorporated into the airline. ATR will handle the complete management of LRUs (Line Replaceable Units), the maintenance and availability of aircraft pieces, the advanced exchange pool of services, plus an inventory of spare parts at ATR’s logistics center in Miami.
ATR’s Senior Vice President Product Support & Services Lilian Braylé stated: “We are proud that Avianca has placed its confidence in our expertise as an aircraft manufacturer to handle the logistic support facilities worldwide with a dedicated and efficient service. The proven success of ATR’s maintenance services to our operators enables us to set up everything necessary to further improve the performance and operational efficiency of Avianca”.
Avianca’s President Fabio Villegas noted: “We are pleased to have signed this agreement with ATR. Their background and experience as a manufacturer and maintenance service provider allows us to predict that this will be solid partnership, with the results being reflected in the performance of our fleet and regional service quality.”
ATR currently has nearly 100 aircraft operating in the region operated by a dozen Latin American customers, which are covered with the Global Maintenance Agreement. These numbers continue to grow as the ATR turboprop fleet in Latin America continues to expand.
ATR ends the Singapore Airshow with 48 orders
February 17, 2014
After the first two days of the Singapore Airshow, the European turboprop manufacturer ATR announced that it has boosted its order book with 48 aircraft, including 28 firm orders. These contracts amounted to nearly 1.2 billion dollars. This strong start to 2014 confirms the success seen in 2013, a year which ended with a total of 195 aircraft sold (89 firm orders and 106 options).
During the airshow, ATR announced two of these three new orders: a contract for 40 ATR 72-600s (including 20 firm orders) from the UAE leasing company Dubai Aerospace Enterprise, and a contract with the Spanish company Binter Canarias for the confirmed purchase of six ATR 72-600s.The order placed by the UAE lessor DAE allows ATR to welcome a new client to its portfolio, and highlights the strong attractiveness of ATR to leasing companies. Meanwhile, the order from Binter Canarias symbolizes the renewal of confidence and loyalty from an operator with a long-standing commitment to the ATR family of aircraft. Binter Canarias introduced their first ATRs in 1989, and currently operates a fleet of 18 ATR aircraft.
On the occasion of the airshow, the signing with the operator Bangkok Airways formalized the identity of the purchaser of eight ATR 72-600 aircraft (including 6 firm orders) which had been undisclosed at the presentation of annual results for 2013.
Filippo Bagnato, Chief Executive Officer of ATR said that he was “very satisfied with ATR’s commercial results after the Singapore airshow. This quantity of orders, just 45 days after the beginning of the year, puts us on the right track for achieving our 2014 business objectives. We are very pleased to see that the ATR ‘-600’ series has consolidated its position as the principal reference in the field of regional aviation. Whether it is for developing new networks, updating fleets to current tastes and cutting edge technology, or allowing lessors to develop their regional portfolio, the ATR ‘-600’ series responds perfectly all of these demands. These new sales, just one and a half months into the year, are the best proof of this.”
Fifth Sukhoi Superjet 100 delivered to Interjet
February 4, 2014
Venice (Italy) February 4, 2014
The fifth Sukhoi Superjet 100 landed in Mexico on February 2, 2014 to join Interjet SSJ100 fleet.
The aircraft (MNS 95034) was rolled out from SuperJet International’s hangar in Venice (Italy) and took off from Venice Marco Polo airport for the ferry flight to Interjet facilities in Toluca (Mexico).
During its ferry flight, the aircraft stopped in Keflyavik (Iceland) and Bangor (Maine, USA), showing once more its outstanding performance on longer range routes.
“We are confirming what we promised, implementing the certification and delivery’s process in order to meet our customer’s needs – states Nazario Cauceglia, Chief Executive Officer – We are very pleased to work with Interjet’s team and provide the airline with our first-class aircraft along with the best after-sales support. I believe this fifth delivery deepens our collaborative relationship with Interjet”.
Starting from the Entry Into Service in September 18, 2013, the first four Interjet SSJ100s have showed an outstanding performance with over 99% dispatch reliability and an average daily utilization of 9 flight hours.
So far the aircraft in service accumulated over 2500 flight hours through 7 destinations in Mexico (Mexico City, Torreon, Aguascalientes, Campeche, Minatitlan, Zacatecas and Mazatlan).
In the meantime the sixth and the seventh aircraft to be delivered to Interjet are currently under completion at SuperJet International’s plant in Italy.
Interjet ordered 20 SSJ100 plus 10 options in the 93-seats (34’ pitch) configuration. The exclusive and comfortable interior are designed by Italian Company Pininfarina.
The SSJ100 is developed and built by Sukhoi Civil Aircraft Company (SCAC), in partnership with Alenia Aermacchi. It incorporates the most modern Western technology and systems together with high standards of comfort available in the 100-seats segment.
Aviation Industry Protests against Jet Fuel Tax in Mexico Prompt Exemption of Fiscal Measure
January 15, 2014
Miami (January 14, 2014) – In response to the overwhelming objections by ALTA and other local and regional air transport associations, as well as Mexican airlines, the Mexican government has decided to exempt the fuel consumed by airlines for transporting passengers and/or cargo, from the Special Tax on Production and Services (IEPS by its Spanish acronym).
The fiscal reform law, approved by the Mexican Senate in late October, would have heavily affected the cost of jet fuel in Mexico, with an estimated impact of MEX$480 million annually, further reducing Mexican airlines´ competitiveness.
Eduardo Iglesias, Executive Director of ALTA, commented on the exemption announced by the Mexican government on December 26th, “ALTA approves of the measure to exempt from taxes the jet fuel used by Mexican carriers. It is a positive sign that the Mexican government recognizes and appreciates the importance of the air travel industry in relation to the economic development of the country. It is our view that governments must take measures to support the industry allowing airlines to remain competitive for the benefit of local economies.”
Fuel is the highest and most important operational cost component for an airline, representing an average of 34% of a carrier´s expenses. Any additional taxation to fuel is estimated to increase air ticket prices, possibly reduce routes and be in general detrimental to the air transport industry and consumers.
LATAM AIRLINES GROUP ANNOUNCES THE SUCCESSFUL CONCLUSION OF ITS RIGHTS OFFERING
December 23, 2013
Santiago, Chile, December 20, 2013 – LATAM Airlines Group S.A. (NYSE: LFL; IPSA: LAN; BOVESPA: LATM11), the leading airline group in Latin America, announced today that on December 19, 2013, it completed the preemptive rights offering of 62,000,000 primary shares, generating proceeds of approximately US$784 million.
Based on the information currently available, 51,685,128 shares were subscribed and paid at a price of US$ 15.17 per share, as follows:
· Local shares (representing 93% of the total issuance): 83.8% subscription or 48,740,008 shares subscribed;
· ADRs (representing 6% of the total issuance): 72.9% subscription or 2,673,191 shares subscribed;
· BDRs (representing 1% of the total issuance): 57.9% subscription or 271,929 shares subscribed.
Of the 10,314,872 shares that remain unsubscribed, a total of 8,405,276 shares correspond to the Amaro Group, which neither subscribed nor transferred its preemptive rights in the offering. This decision is in accordance with the terms of the shareholders’ agreements established between the Cueto and Amaro groups and does not alter the corporate governance of the Company nor the ownership structure and control of TAM S.A.
Of the 62 million shares offered during the preemptive rights period, excluding the shares corresponding to the Amaro family, 96.4% was effectively subscribed.
The unsubscribed shares are expected be offered to the market as deemed opportune by the Company.
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