The Blue Swan Daily brings you a roundup of the most thought-provoking and interesting comments from those industry leaders in the know.
AirAsia X Malaysia CEO Benyamin Ismail on the carrier’s future:
“I am confident that positive growth will return in coming quarters on the back of an improved forward booking trend and average fares trending better than the previous year”. Mr Ismail added the new fares structure implemented is “actively driving up ancillary revenue, which will ultimately improve yield”.
Cargojet Airways president and CEO Ajay Virmani on the airline’s “strong revenue and EBITDA growth in 2018”.
“We are very pleased with our financial and operating results as we prudently manage our capacity to meet air cargo demand particularly related to e-commerce growth in Canada as well as our expanding ACMI and ad-hoc charter business”.
Avianca Holdings CEO Hernan Rincon on the joint business agreement (JBA) with Copa Airlines and United Airlines:
“Our JBA also led to important positive changes in Avianca’s corporate governance… United Airlines will now act as an observer to Avianca’s board of directors, providing important input and contributing whenever needed”.
Avianca Holdings CEO Hernan Rincon on Avianca’s strategy:
“We made significant strides on our strategy to pivot away from a growth focused to profitability/liquidity focused business model”. The carrier announced plans to sell off Avianca’s interest in a number of non-core shareholdings in Nov-2018. Mr Rincon added: “We will continue to strengthen Avianca’s balance sheet and improve our overall profitability as we divest other assets no longer relevant to our core strategy”.
Malaysia Airports (MAHB) CEO Raja Azmi Raja Nazuddin on plans to put all international airports under its management through the Airport Service Quality (ASQ) benchmarking programme run by Airports Council International (ACI):
“We are doing this to ensure that service levels at all our international airports are measured according to global standards… Raising service quality at our other airports is also important from the standpoint of improving connectivity and positioning Malaysia as an aviation hub”. Currently, only MAHB’s flagship airport, Kuala Lumpur International Airport and Langkawi Airport go through the programme.
Perth Airport CEO Kevin Brown the latest Australian Competition and Consumer Commission (ACCC) monitoring report on airports, rating Perth as the best major airport in Australia for a second consecutive year:
“Our airline partners and passengers have recognised that the investment decisions we’ve taken to provide the capacity and service quality enhancements are directly benefiting them… We are now in discussions with our airline partners on the next wave of development required to service their needs and help them grow into the future”.
Kenya Airways Group MD and CEO Sebastian Mikosz provided clarifications on the airline’s proposal to take over the operation of Nairobi Jomo Kenyatta International Airport (JKIA) from the Kenya Airports Authority (KAA):
“Our intention is not to buy or merge JKIA but to have a co-association operator deal, meaning the land and buildings will remain owned by KAA. The word merger or acquisition is not applicable in this matter”..
Embraer CEO John Slattery:
“2019 is a milestone year for Embraer. It’s our 50th anniversary”. Mr Slattery added that “fifty years ago Brazil wasn’t even producing bicycles, yet Embraer was building airplanes… The company is adept at reinventing itself, always reading the market, and offering new products and fleet solutions for its customers”.