The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
South African Airways CEO Vuyani Jarana on the airline’s turnaround plan:
“My team and I have agreed that there is no way we can miss the turnaround milestones, including the whole group budget”. Mr Jarana added: “The key reason we are on track is because of the way we are trading. We need to trade smartly, to understand the supply and demand dynamics, and thus know where we can trade volume for better yields”.
Air Transport Services Group (ATSG) president and CEO Joe Hete on the acquisition of Omni Air International:
“Completing this Omni acquisition is a milestone achievement for ATSG. It increases both our revenue and our adjusted EBITDA expectations for 2019 by more than 40%, brings increased revenue diversification, and adds both passenger service and Boeing 777 capabilities to our range of services. We are eager to work with Omni’s management to pursue the many opportunities our combined assets and talented associates can address”.
Qantas Group CEO Alan Joyce on the Asia Pacific market representing a “huge growth opportunity” for the carrier:
“Ten years ago, when I took over as CEO, we had one third of a capacity to Europe, one third to Asia, one third to the Americas. Today, it’s 8% to Europe, it’s 52% in this region, and I think it will grow a lot further into the future.”
TAP Air Portugal CEO Antonoaldo Neves on signing an MoU with L3 Commercial Aviation to provide employment opportunities for L3 cadets and to provide type rating training for TAP’s new pilots:
“As a rapidly growing airline, securing a pipeline of high-quality, well-trained new pilots couldn’t be more important. This partnership will enable us to have access to best-in-class pilots, helping to maintain our high standards across the airline as we continue to grow”.
AirAsia Group CEO Tony Fernandes said the carrier does not intend to participate in the Malaysian Government’s proposed real estate investment trust (REIT) for airports, as outlined in the 2019 budget:
“It is not our job to build airports. We don’t know the full mechanism and… we want to just focus on the airline business”. Mr Fernandes added: “We would like to see full privatisation. So new players will come in, introduce different ways of running an airport”.
Qatar Airways CEO Akbar Al Baker believes EU carriers should reinforce their global position by offering greater connectivity to EU citizens and foreign travellers, noting many European capitals remain top in-bound tourism markets for global tourism:
“In the long run, participation of EU carriers through the conclusion of comprehensive air transport agreements is key to ensure the competitiveness of the EU aviation sector. Protectionism should not be the answer as this will hinder the competitiveness of the EU aviation sector and the agenda pursued by the Juncker Commission”.
ENAV CEO Roberta Neri on Italian airspace highlights for the period Jan-2018 to Sep-2018:
“The first nine months of the year confirm the positive trend of air traffic over the Italian airspace with the highest growth rate among largest European countries. Despite the growth in volumes managed, thanks to our people and to the significant investments in safety and innovation, we have delivered one of the best operating performances – among the major European countries – in terms of safety and punctuality”.