The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
NokScoot CEO Yodchai Sudhidhanakul said the airline expects 2019 to be its “best year ever”, commenting:
“New services and aircraft deliveries in 2019 will also further strengthen our Bangkok hub by providing customers with faster and more convenient connectivity to and from North and South Asia into Thailand”.
Hamburg Airport CEO Michael Eggenschwiler forecast the airport will handle 18 million passengers for the first time:
“Our planning is based on growth of 2.5%. I hope that we can go a little further than that and reach the milestone of 18 million passengers in one year for the first time”, he stated. The airport handled 17.2 million passengers in 2018, a decrease of 2.2% year-on-year, with cargo volume up 6% to around 80,000 tonnes. “After the unexpected high growth in 2017, we saw a consolidation in passenger numbers, which continued to be at a high level”, Mr Eggenschwiler concluded.
Boom Supersonic CEO Blake Scholl on closing a USD100 million Series B round, bringing total funding raised to over USD141 million:
Funding will advance development on Overture, the company’s high speed Mach 2.2 commercial aircraft. Mr Scholl said Overture fares “will be similar to today’s business class,” adding the ultimate goal is to “make high-speed flight affordable to all”. The 55 seat aircraft is expected to be operational by the mid 2020s and will be capable of operating between New York and London in three hours and 15 minutes.
IATA director general and CEO Alexandre de Juniac on IATA reporting 0% year-on-year growth in global FTKs in Nov-2018, marking the slowest rate of growth since Mar-2016 and following 31 consecutive months of increases:
“Normally the fourth quarter is a peak season for air cargo. So essentially flat growth in November is a big disappointment. While our outlook is for 3.7% demand growth in 2019, downside risks are mounting. Trade tensions are cause for great concern. We need governments to focus on enabling growth through trade, not barricading their borders through punitive tariffs”.