Posts Tagged :

airlinehub.com

Thai VietJet Successfully Launch First Flight Bangkok to Phnom Penh

500 314 wttc2

Thai VietJet Successfully Launch First Flight Bangkok to Phnom Penh - AIRLINEHUB.com - TRAVELINDEXPhnom Penh, Cambodia, April 7, 2022 / TRAVELINDEX / Thai VietJet successfully commenced the inaugural flight of its new international service between Bangkok and Phnom Penh, with the welcome event at Phnom Penh International Airport. The flight VZ720 from Bangkok was warmly welcomed with the presence of H.E Gen Mao Havanall, Minister in Charge of State Secretariat of Civil Aviation; H.E. Mr. Panyarak Poolthup, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Thailand to the Kingdom of Cambodia; Mr. Alain Brun, Chief Executive Officer of Cambodia Airports; and Mr. Sao Wathana, Director of Phnom Penh International Airport.

Mr. Woranate Laprabang, Chief Executive Officer of Thai VietJet, said: “After a long market’s service disruption from COVID-19, Thai VietJet is delighted to spread our wings with the international flight network expansion once again. By connecting the two Southeast Asian economic, cultural hubs, the successful launch of Thai VietJet’s new Phnom Penh – Bangkok service is yet another milestone in the airline’s regional connectivity efforts. We are confident that the new service will play an important role in bridging people between the two countries, as well as contributing to the revival of tourism and the overall development of the economy.”

Welcoming the maiden flight at the airport, Mr. Alain BRUN, Chief Executive Officer of Cambodia Airports, said: “In the last 3 months, after a pause due to the covid-19 pandemic and its impact on air travel, all international carriers operating flights linking Phnom Penh and Bangkok have been back in the network. Another sign of the recent traffic momentum is today’s introduction of service by Thai VietJet, a newcomer for this major route. Our airport teams explore any opportunities of regaining the pre-pandemic levels of traffic and, therefore, look forward to this nascent cooperation with Thai VietJet.”

In the beginning, the new international service Phnom Penh – Bangkok (Suvarnabhumi) will operate 3 flights a week every Monday, Wednesday, and Friday, with the flight duration of 1 hour 10 minutes and following flight schedule, and more frequency could be added subject to market demand.

In addition to the new international service Phnom Penh – Bangkok, together with the Group’s network, Thai Vietjet has normalized schedule service between Bangkok and Ho Chi Minh city (Vietnam) of up to 5 flights/week in total, delivering great choice for travelers between the two countries. In the coming time, the airline expects to expand its international flight network to many more destinations in the Asia-pacific region, including Vietnam, Singapore, Taiwan, and more.

As the Fastest Growing Low-cost Carrier of the Year (by Global Business Outlook Magazine, London), Thai Vietjet has continuously expanded its flight network, both domestic and international. The carrier has thoroughly prepared for the resumption of regular international flights with new aviation products and affordable fares to offer its passengers safe and enjoyable flying experiences on new and modern aircraft. To ensure good flight experiences, passengers are advised to follow localities’ regulations on disease prevention and control, and immigration regulations of destination countries including vaccine passports, negative PCR tests, quarantine, accommodation, etc.

About Thai VietJet
Established in 2014, Thai VietJet has been cooperating with VietJet to extend its flight network and provide more opportunities for travelers to discover Thailand and many other countries with its hospitable and enjoyable service. With a focus on cost management ability, effective operations and performance, the airline offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

Awarded ‘The Fastest Growing Low-cost Carrier of the 2020’ by Global Business Outlook Magazine, Thai VietJet has been continuously expanding its young and modern fleet, featuring Airbus A320 and A321 aircraft. The airline has also recently been awarded the ‘Most Passenger-Friendly Cabin Crew – 2021’ airline from International Finance Magazine, emphasizing its position as the ‘airline of hospitality’, reinforcing its core value of ‘Friendly & Fun’, together with ‘Safety’, ‘Punctuality, and ‘Affordable Price’.

Currently, Thai VietJet operates 14 Thailand domestic routes, including flights from Bangkok (Suvarnabhumi) to Chiang Mai, Chiang Rai, Phuket, Krabi, Udon Thani, Hat Yai, Khon Kaen, Nakhon Si Thammarat, Ubon Ratchathani, and Surat Thani, cross-regional flights including from Phuket to Chiang Rai, Chiang Mai, and Udon Thani, and direct flights from Hat Yai to Chiang Rai. The airline is also actively expanding its international flight network to many destinations across Asia-pacific, connecting Thailand with Vietnam, Taiwan, Singapore, and other top destinations in the region.

First published at TravelNewsHub.com – Global Travel News

First Woman CEO at Pegasus Airlines

500 295 wttc2

First woman CEO at Pegasus Airlines - AIRLINEHUB.com - TRAVELINDEXIstanbul, Turkey, Avril 4, 2022 / TRAVELINDEX / Mehmet T. Nane, who has been serving as CEO of Pegasus Airlines since 2016, became a Member of the Board of Directors at its Ordinary Meeting of the General Assembly held on 31 March 2022, and was elected Vice-Chairperson of the Board (Managing Director) following the decision by the Board of Directors. Güliz Öztürk, who has been serving as the company’s CCO since 2010, will succeed Mehmet T. Nane as CEO. Mehmet T. Nane and Güliz Öztürk will officially begin their new roles from 1 May 2022.

The first woman CEO in the air transport industry in the history of Turkish civil aviation

Mehmet T. Nane said: “I am delighted to be passing the CEO baton, which I received in 2016, to Güliz Öztürk, who has made significant contributions to the growth and development of Pegasus for many years. I wholeheartedly believe that she will continue to wave the flag of Pegasus brightly in the skies. This appointment holds great value and significance also as Güliz Öztürk is to become the first woman CEO of an airline in the history of Turkish civil aviation…” He continued: “The aviation sector has gone through a very challenging period both domestically and globally due to the pandemic. As part of the framework of my continued role as President of Turkish Private Aviation Enterprises Association (TÖSHİD), and my role as IATA Chair of the Board, which will commence in June, I will fight for the sustainable development of the civil aviation sector; whilst in my new role at Pegasus Airlines, I will continue to work tirelessly to reinforce the position of Turkish civil aviation as a rising star in the world, and to support the growth of our company as we forge solidly ahead.”

Güliz Öztürk said, “I am honoured to receive the baton from Mehmet T. Nane. As Pegasus Airlines, we have accomplished many firsts and pioneering projects under his leadership since 2016, and we have made our country proud many times in the international arena. Together with all my colleagues, we will work tirelessly to progress our company further and crown its achievements. Investing in two important areas will continue to be the architect of our success: technology and people. As Turkey’s digital airline, we will continue to offer digital technologies and unique innovations that will enhance the travel experience, with our approach that focuses on guest experience. Without compromising the basic principles of our business model, we will continue to manage our operations and activities with a sustainable environment approach. One of the issues on which we will also be most focused will be gender equality. We will make every effort, institutionally and individually, to contribute to the equal participation of women and men in all areas of social life and to enable women to express their full potential. As a company, we have been committed to gender equality for many years, and we have been at the centre of the struggle. This change is also proof of the importance our company attaches to gender equality.”

About Mehmet T. Nane
Mehmet T. Nane graduated from Boğaziçi University’s department of International Relations, then received a full scholarship for his graduate degree from the department of International Banking and Finance at Heriot Watt University in Scotland and completed the Harvard Business School Executive Management Program.

Mehmet T. Nane held positions in various business units at the Türkiye Emlak Bankası, Demirbank and Demir Invest between 1988 and 1997, respectively; then joined the Sabancı Group in 1997 and held positions, including Vice President of the Strategic Planning and Project Development department, Director of the Retail Group and General Secretary of Sabancı Holding within the Sabancı Group, until 2005. After serving as Teknosa Vice Chairman of the Board between 2000 and 2005, Teknosa CEO between 2005 and 2013, and CarrefourSA CEO between 2013 and 2016, he became the CEO of Pegasus Airlines in 2016.

Mehmet T. Nane has served as Founding Chairman of Asia Pacific Retailers Federation (FAPRA), Founding Chairman of the Turkish Federation of Shopping Centres and Retailers (TAMPF), President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Retail Council, Chairman of the Board of the SEV Health and Education Foundation, and Chairman of the Association of the Harvard Business School Turkish Alumni Association. He currently holds the following positions in various Non Governmental Organisations (NGOs): Board Member and Chair Elect of the Board of Governors of the International Air Transport Association (IATA), Chairman of the Board of the Turkish Private Aviation Enterprises Association (TÖSHİD), Vice President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Civil Aviation Council, Vice President of the Turkish Tourism Investors Association (TTYD), Member of the Board of Trustees and Board Member of the TOBB GS1 Turkey Foundation, Member of the Board of Trustees of the SEV Health and Education Foundation, Member of the Board of Trustees and Board Member of the Boğaziçi University Foundation. Mehmet T. Nane is a Founding Member of the Yanındayız Association and Women in Technology Association (WTECH) and he joined the Professional Women Network (PWN) Equality Ambassadors as a part of the Manifesto of Gender Equality Supporting CEOs by PWN Istanbul.

About Güliz Öztürk
Güliz Öztürk is a graduate of Kadıköy Anadolu High School and the Department of Psychology at Boğaziçi University and completed the Advanced Management Program at Columbia Business School. She began her career at Turkish Airlines; from 1990 to 2003, Güliz Öztürk served as Manager of International Relations and Contracts, Alliance Coordinator, and Sales and Marketing Director at Turkish Airlines. During that time, she managed key strategic projects such as launching the first code-share flights, managing the alliance projects, launching the airline’s loyalty and bank card programs and its first website, as well as implementing online ticket sales for the first time. Between 2003 and 2005, Öztürk served as Aviation and Tourism Project Coordinator and Director of Human Resources at Ciner Holding. Güliz Öztürk joined Pegasus Airlines in 2005 as Head of Sales and Marketing, to manage the launch of the airline’s scheduled services, and in 2010, she was appointed Chief Commercial Officer (CCO), with responsibility for the commercial department, which includes Sales, Network Planning, Marketing, Revenue Management and Pricing, Cargo and Guest Experience.

A member of the Board of Advisors of Özyeğin University’s Faculty of Aviation and Aeronautical Sciences, Güliz Öztürk is also co-chair of the Women in Sales (WiSN) social project, which was established in 2019 to further gender balance in company sales departments, under the umbrella of the Sales Network platform.

About Pegasus Airlines
Pegasus Airlines was launched in 1990, and adopted a low-cost business model in 2005, upon its acquisition by ESAS Holding. As Turkey’s leading low-cost carrier, Pegasus offers its guests the opportunity to travel affordably and on young aircraft under the auspices of its low-cost airline model with the belief that “everyone has the right to fly”. Since 2018, Pegasus has adopted the motto “Turkey’s Digital Airline” and operates a network of 124 destinations in 47 countries, including 36 domestic destinations in Turkey and 88 international destinations; it operates connecting flights between Turkey and Europe, North Africa, the Middle East, Russia and Central Asia via Istanbul Sabiha Gökçen Airport in Turkey. With its approach that focuses on guest experience, Pegasus continues to offer digital technologies and unique innovations to enhance the travel experience. Pegasus manages its operations and activities with a “sustainable environment” approach.

First published at TravelNewsHub.com – Global Travel News

IATA Annual General Assembly to Take Place in Doha Qatar

500 300 wttc2

IATA Annual General Assembly to Take Place in Doha Qatar - QATARTOURISM.org - TRAVELINDEXDoha, Qatar, March 31, 2022 / TRAVELINDEX / The International Air Transport Association (IATA) announced that the 78th Annual General Meeting (AGM) and World Air Transport Summit will take place 19-21 June 2022 in Doha, Qatar, hosted by Qatar Airways. This will be the second time that the global gathering of aviation’s top leaders will be held in Qatar; the first being in 2014.

Originally, the 78th IATA Annual General Meeting and World Air Transport Summit were planned for the same dates in Shanghai, People’s Republic of China, hosted by China Eastern Airlines. The decision to change the venue reflects continuing COVID-19 related restrictions on travel to China.

“It is deeply disappointing that we are a not able to meet in Shanghai as planned. In the meantime, we are pleased to be returning to the dynamic aviation hub of Doha and the warm hospitality for which Qatar Airways, our host airline, has become famous. This year’s AGM will be an important opportunity for aviation’s leaders to reflect on the shifting political, economic, and technological realities facing air travel as the industry’s recovery from the COVID-19 pandemic gathers pace,” said Willie Walsh, IATA’s Director General.

First published at TravelNewsHub.com – Global Travel News

Sabre Terminates Distribution Agreement with Aeroflot

300 170 wttc2
Sabre Terminates Distribution Agreement with Aeroflot

Southlake, Texas, United States, March 9, 2022 / TRAVELINDEX / Sabre Corporation, a leading software and technology company in the travel industry, today announced that it has terminated its distribution agreement with Aeroflot, the largest government-majority owned carrier in Russia. Sabre is taking immediate steps to remove Aeroflot flight content from its global distribution system (GDS), a marketplace used by travel agencies, travel websites and corporations around the world to shop, book and service flight reservations.

“Sabre has been monitoring the evolving situation in Ukraine with increasing concern. From the beginning, our primary focus has been the safety of our team members in the impacted region, as well as doing our part to support the much-needed relief efforts,” said Sean Menke, CEO of Sabre. “We are taking a stand against this military conflict. We are complying, and will continue to comply, with sanctions imposed against Russia. In addition, today we announced that Sabre has terminated its distribution agreement with Aeroflot, removing its content from our GDS.”

The Company will continue to monitor the ongoing situation and will evaluate whether additional actions would be appropriate, taking into account legal considerations and any counter measures that could be implemented in response.

To help support humanitarian programs in the region, Sabre, which has approximately 1,500 team members in Poland, has donated $1 million to the Polish Red Cross, a 100-year charity that does exemplary work in conflict zones and for supporting displaced people. The funds donated by Sabre will be used by the Polish Red Cross to purchase, among other materials, much-needed food, hygiene products and sleeping bags, and will support the provision of medical assistance to those seeking shelter in Poland.

About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

First published at TravelNewsHub.com – Global Travel News

IATA Air Passenger Numbers to Recover in 2024

500 277 wttc2

IATA Air Passenger Numbers to Recover in 2024 - TRAVELINDEXGeneva, Switzerland, March 3, 2022 / TRAVELINDEX / The International Air Transport Association (IATA) expects overall traveler numbers to reach 4.0 billion in 2024 (counting multi-sector connecting trips as one passenger), exceeding pre-COVID-19 levels (103% of the 2019 total).

Expectations for the shape of the near-term recovery have shifted slightly, reflecting the evolution of government-imposed travel restrictions in some markets. The overall picture presented in the latest update to IATA’s long-term forecast, however, is unchanged from what was expected in November, prior to the Omicron variant.

“The trajectory for the recovery in passenger numbers from COVID-19 was not changed by the Omicron variant. People want to travel. And when travel restrictions are lifted, they return to the skies. There is still a long way to go to reach a normal state of affairs, but the forecast for the evolution in passenger numbers gives good reason to be optimistic,” said Willie Walsh, IATA’s Director General.

The February update to the long-term forecast includes the following highlights:

  • In 2021, overall traveler numbers were 47% of 2019 levels. This is expected to improve to 83% in 2022, 94% in 2023, 103% in 2024 and 111% in 2025.
  • In 2021, international traveler numbers were 27% of 2019 levels. This is expected to improve to 69% in 2022, 82% in 2023, 92% in 2024 and 101% in 2025.

This is a slightly more optimistic near-term international recovery scenario compared to November 2021, based on the progressive relaxation or elimination of travel restrictions in many markets. This has seen improvements in the major North Atlantic and intra-European markets, strengthening the baseline for recovery. Asia-Pacific is expected to continue to lag the recovery with the region’s largest market, China, not showing any signs of relaxing its severe border measures in the near future.

  • In 2021, domestic traveler numbers were 61% of 2019 levels. This is expected to improve to 93% in 2022, 103% in 2023, 111% in 2024 and 118% in 2025.

The outlook for the evolution of domestic traveler numbers is slightly more pessimistic than in November. While the US and Russian domestic markets have recovered, the same is not true for the other major domestic markets of China, Canada, Japan and Australia.

“The biggest and most immediate drivers of passenger numbers are the restrictions that governments place on travel. Fortunately, more governments have understood that travel restrictions have little to no long-term impact on the spread of a virus. And the economic and social hardship caused for very limited benefit is simply no longer acceptable in a growing number of markets. As a result, the progressive removal of restrictions is giving a much-needed boost to the prospects for travel,” said Walsh.

IATA reiterates its call for:

  • The removal of all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine
  • Pre-departure antigen testing to enable quarantine-free travel for non-vaccinated travelers
  • Removing all travel bans, and
  • Accelerating the easing of travel restrictions in recognition that travelers pose no greater risk for COVID-19 spread than already exists in the general population.

Regional Variations

Not all markets or market sectors are recovering at the same pace.

“In general, we are moving in the right direction, but there are some concerns. Asia-Pacific is the laggard of the recovery. While Australia and New Zealand have announced measures to reconnect with the world, China is showing no signs of relaxing its zero-COVID strategy. The resulting localized lock-downs in its domestic market are depressing global passenger numbers even as other major markets like the US are largely back to normal,” said Walsh.

Asia-Pacific: The slow removal of international travel restrictions, and the likelihood of renewed domestic restrictions during COVID outbreaks, mean that traffic to/from/within Asia Pacific will only reach 68% of 2019 levels in 2022, the weakest outcome of the main regions. 2019 levels should be recovered in 2025 (109%) due to a slow recovery on international traffic in the region.

Europe: In the next few years, the intra-Europe market is expected to benefit from passenger preferences for short-haul travel as confidence rebuilds. This will be facilitated by increasingly harmonized and restriction-free movement within the EU. Total passenger numbers to/from/within Europe are expected to reach 86% of 2019 values in 2022, before making a full recovery in 2024 (105%).

North America: After a resilient 2021, traffic to/from/within North America will continue to perform strongly in 2022 as the US domestic market returns to pre-crisis trends, and with ongoing improvements in international travel. In 2022, passenger numbers will reach 94% of 2019 levels, and full recovery is expected in 2023 (102%), ahead of other regions.

Africa: Africa’s passenger traffic prospects are somewhat weaker in the near-term, due to slow progress in vaccinating the population, and the impact of the crisis on developing economies. Passenger numbers to/from/within Africa will recover more gradually than in other regions, reaching 76% of 2019 levels in 2022, surpassing pre-crisis levels only in 2025 (101%).

Middle East: With limited short-haul markets, the Middle East focus on long-haul connectivity through its hubs is expected to result in slower recovery. Passenger numbers to/from/within the Middle East are expected to reach 81% of 2019 levels in 2022, 98% in 2024 and 105% in 2025.

Latin America: Traffic to/from/within Latin America has been relatively resilient during the pandemic and is forecast to see a strong 2022, with limited travel restrictions and dynamic passenger flows within the region and to/from North America. 2019 passenger numbers are forecast to be surpassed in 2023 for Central America (102%), followed by South America in 2024 (103%) and the Caribbean in 2025 (101%).

Russia-Ukraine Conflict
The forecast does not calculate the impact of the Russia-Ukraine conflict. In general, air transport is resilient against shocks and this conflict is unlikely to impact the long-term growth of air transport. It is too early to estimate what the near-term consequences will be for aviation, but it is clear that there are downside risks, in particular in markets with exposure to the conflict.

Sensitivity factors will include the geographic extent, severity, and time-period for sanctions and/or airspace closures. These impacts would be felt most severely in Russia, Ukraine and neighboring areas.  Pre-COVID-19, Russia, was the 11th largest market for air transport services in terms of passenger numbers, including its large domestic market. Ukraine ranked 48.

The impact on airline costs as a result of fluctuations in energy prices or rerouting to avoid Russian airspace could have broader implications. Consumer confidence and economic activity are likely to be impacted even outside of Eastern Europe.

First published at TravelNewsHub.com – Global Travel News

IATA Travel Momentum Builds as Restrictions are Lifted

500 282 wttc2

IATA Travel Momentum Builds as Restrictions are Lifted - AIRLINEHUB.com - TRAVELINDEXGeneva, Switzerland, February 18, 2022 / TRAVELINDEX / The International Air Transport Association (IATA) released data showing growing momentum in the recovery of air travel as restrictions are lifted. IATA reported a sharp 11-percentage point increase for international tickets sold in recent weeks (in proportion to 2019 sales).

– In the period around 8 February (7 day moving average) the number of tickets sold stood at 49% of the same period in 2019.
– In the period around 25 January (7 day moving average) the number of tickets sold stood at 38% of the same period in 2019.
– The 11-percentage point improvement between the January and February periods is the fastest such increase for any two-week period since the crisis began.

Progressive Alleviation of COVID-19 Measures

The jump in ticket sales comes as more governments announce a relaxation of COVID-19 border restrictions. An IATA survey of travel restrictions for the world’s top 50 air travel markets (comprising 92% of global demand in 2019 as measured by revenue passenger kilometers) revealed the growing access available to vaccinated travelers.

– 18 markets (comprising about 20% of 2019 demand) are open to vaccinated travelers without quarantine or pre-departure testing requirements.
– 28 markets are open to vaccinated travelers without quarantine requirements (including the 18 markets noted above). This comprises about 50% of 2019 demand.
– 37 markets (comprising about 60% of 2019 demand) are open to vaccinated travelers under varying conditions (18 having no restrictions, others requiring testing or quarantine or both).

These numbers reflect a spate of relaxations announced around the world, including in Australia, France, the Philippines, the UK, Switzerland, and Sweden among them.

“Momentum toward normalizing traffic is growing. Vaccinated travelers have the potential to travel much more extensively with fewer hassles than even a few weeks ago. This is giving growing numbers of travelers the confidence to buy tickets. And that is good news! Now we need to further accelerate the removal of travel restrictions. While recent progress is impressive, the world remains far from 2019 levels of connectivity. Thirteen of the top 50 travel markets still do not provide easy access to all vaccinated travelers. That includes major economies like China, Japan, Russia, Indonesia, and Italy,” said Willie Walsh, IATA’s Director General.

IATA continues to call for:

– Removing all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine,
– Enabling quarantine-free travel for non-vaccinated travelers with a negative pre-departure antigen test result,
– Removing travel bans, and,
– Accelerating the easing of travel restrictions in recognition that travelers pose no greater risk for COVID-19 spread than already exists in the general population.

“Travel restrictions have had a severe impact on people and on economies. They have not, however, stopped the spread of the virus. And it is time for their removal as we learn to live and travel in a world that will have risks of COVID-19 for the foreseeable future. This means putting a stop to the singling out of the traveling population for special measures. In nearly all cases, travelers don’t bring any more risk to a market than is already there. Many governments have recognized this already and removed restrictions. Many more need to follow,” said Walsh.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Avolon and AirAsia Partner to Create Transformational Ride Sharing Platform

500 312 wttc2
Avolon and AirAsia Partner to Create Transformational Ride Sharing Platform

Dublin, Ireland, February 17, 2022 / TRAVELINDEX / Avolon, the international aircraft leasing company, today announces that one of the world’s leading airline groups, AirAsia Aviation Group Limited (AirAsia), has signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 eVTOL aircraft from Avolon.

These eVTOL aircraft will allow AirAsia to further revolutionise air travel by providing advanced air mobility to a whole new range of passengers, transforming how we all connect more efficiently in our everyday lives.

In addition to the eVTOL aircraft, Avolon, through its investment and innovation affiliate Avolon-e, will partner with AirAsia to commercialise zero-emissions eVTOL aircraft and develop an industry leading urban air mobility (‘UAM’) platform in Southeast Asia. Avolon and AirAsia will form a working group to pursue local certification, research potential market opportunities and infrastructure requirements for UAM. AirAsia will also leverage its successful travel and lifestyle mobile app, the AirAsia Super App, to help support and build an eVTOL ride sharing platform with Avolon.

Avolon VX4 Order book
In June 2021, Avolon ordered 500 VX4 eVTOL aircraft from Vertical Aerospace (NYSE: EVTL) (‘Vertical’), valued at US $2 billion. Since announcing that order, Avolon placed 250 VX4 aircraft with Gol and Grupo Comporte in Brazil, up to 100 aircraft with Japan Airlines in Japan, and a minimum of 100 aircraft with AirAsia. As a result, Avolon has now placed up to 90% of its initial orderbook, underlining the demand for VX4 aircraft from the world’s leading airlines.

Dómhnal Slattery, CEO of Avolon commented: “Tony Fernandes is an aviation pioneer who has built AirAsia into one of the leading airlines in the world and has now also created Southeast Asia’s fastest growing Super App anchored on travel. We are delighted to partner with AirAsia who share our vision of revolutionising the future of air travel. We look forward to working with Tony, and the AirAsia team, on their eVTOL journey. Together we will develop a ride sharing platform and bring the zero-emissions VX4 aircraft into service, positioning AirAsia as the operator of choice for sustainable air travel in the region.”

Tony Fernandes, CEO of Capital A commented: “Innovation has always been in our DNA and using technology to look at more efficient and sustainable ways of doing things is a core focus across Capital A (formerly AirAsia Group). We are now much more than just an airline with over 20 products and services on our super app leveraging off each other including flights, hotels, food, retail, delivery, ride hailing and more. I am truly excited about this partnership between Avolon and AirAsia and the potential for zero-emissions ultra-short-haul air travel in Southeast Asia. The digital era is now. In the VX4, we have identified what we believe will be the eVTOL aircraft of choice and we are thrilled to be the launch airline for the aircraft in Southeast Asia. We are also delighted to extend our long-standing relationship with Avolon, which has a proven track record of delivering for its customers and is in sync with our goal to become the leading one stop travel and delivery platform in Asean.”

Stephen Fitzpatrick, CEO of Vertical commented: “We are delighted that AirAsia is the latest leading airline committing to lease our zero-emissions VX4 aircraft. AirAsia provides many fantastic opportunities to travel around some of the most beautiful and diverse countries in the world, and I am thrilled that we will be bringing zero emissions flight to people all across Asia.”

About VX4 eVTOL Aircraft
VX4 eVTOL Aircraft The four passenger, one pilot VX4 is projected to have speeds up to 200mph, a range over100 miles, near silent when in flight, zero operating emissions and low cost per passenger mile. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. Find out more: vertical-aerospace.com

About Avolon
Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is 70% owned by an indirect subsidiary of Bohai Leasing Co., Ltd., a public company listed on the Shenzhen Stock Exchange (SLE: 000415) and 30% owned by ORIX Aviation Systems, a subsidiary of ORIX Corporation which is listed on the Tokyo and New York Stock Exchanges (TSE: 8591; NYSE: IX). Avolon is the world’s second largest aircraft leasing business with an owned, managed and committed fleet, as of 31 December 2021 of 824 aircraft.

About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.

Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book (by value) for a total of up to 1,350 aircraft from American Airlines, Avolon, Bristow and Iberojet, which includes conditional pre-order options from Virgin Atlantic and Marubeni, and in doing so, is creating multiple potential near term and actionable routes to market.

About AirAsia Aviation Group Ltd (AAAGL)
AAAGL is the holding company that oversees all airlines in Capital A (formerly AirAsia Group Berhad), as well as related international support functions including AirAsia Consulting, shared corporate services division AirAsia SEA, the Santan food group and the ground handling services joint venture business called GTR.

About Capital A
Capital A is an investment holding company with a portfolio of synergistic travel and lifestyle businesses that leverage data and technology to deliver the best value at the lowest cost, supported by high quality data and one of Asia’s leading brands that remains committed to serving the underserved.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

IATA Welcomes ICAO Health Master List Critical Enabler of One ID

500 276 wttc2

IATA Welcomes ICAO Health Master List Critical Enabler of One ID - TRAVELINDEX - AIRLINEHUB.comGeneva, Switzerland, February 5, 2022 / TRAVELINDEX / The International Air Transport Association welcomed the creation by the International Civil Aviation Organization (ICAO) of a global directory of public keys required for authentication of health credentials. The directory—called the Health Master List (HML)—will make a significant contribution to the global recognition and verification (interoperability) of government issued health credentials.

A public key enables third parties to verify that a QR code displayed on a health credential is authentic and valid. The HLM is a compilation of public key certificates signed by ICAO and regularly updated as more health proofs are issued and new public keys are required. Its implementation will ease the global recognition of health credentials outside of the jurisdiction in which they were issued.

“For international travel today, it is critical that COVID-19 health passes can be efficiently verified outside of their country of issuance. While the keys for verification are available individually, the creation of a directory will significantly cut complexity, simplify operations and improve trust in the verification process. We encourage all states to submit their public health keys to the HLM,” said Willie Walsh, IATA’s Director General.

The sharing of public keys used to perform this verification does not involve any exchange of or access to personal information. The HML is available on the ICAO website. All states can upload their public keys and download those of other governments.

Through a pilot project associated with the HML, private sector providers of solutions for governments to verify health credentials will also be able access these keys. This will help facilitate the broadest coverage of health certificates in their offerings as international travel continues to ramp-up. IATA will participate in this pilot program to support the deployment of the IATA Travel Pass.

A Step Forward for One ID

The air transport industry’s interest in this type of directory goes beyond the COVID-19 crisis.

“COVID-19 Health Certificates must be removed as we progress towards overall travel normalization and industry recovery. But we must retain and build on the operational experience of verifying certificates globally. That includes securely sharing access to public keys with private sector solution providers. This will help to drive progress for contactless verification of traveler identities for which similar keys are needed. ​​We cannot under-estimate how important this will be for the implementation of One ID which has the potential to dramatically simplify travel,” said Walsh.

One ID uses digital identity management and biometric technologies to streamline travel by eliminating repetitive checks of paper documents. The contactless checking of travel health credentials is advancing the experience needed to operationalize One ID. The challenge is the same: universal recognition of verified digital credentials irrespective of the jurisdiction in which they were issued, or the standard used. The successful sharing of public keys to verify COVID-19 health certificates will demonstrate that similar keys for digital identity documents can also be securely and efficiently be collected and shared, including with private sector solution providers.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

AirAsia Group Changes Name to Capital A

500 327 wttc2

AirAsia Group Changes Name to Capital A - TRAVELINDEX - AIRLINEHUB.comKuala Lumpur, Malaysia, January 31, 2022 / TRAVELINDEX / AirAsia Group Berhad has today announced a name change for the group holding company to become Capital A Berhad (Capital A or the Group). The name change reflects the Group’s new core business strategy as an investment holding company with a portfolio of synergistic travel and lifestyle businesses, which have rapidly transformed the AirAsia brand into much more than just an airline.

CEO of Capital A, Tony Fernandes said: “This is not just about unveiling a new logo. It’s a significant milestone that marks a new era for the Group. Today’s announcement reinforces we are not just an airline anymore.

“While the airline will always underpin the AirAsia brand, it has long been my firm intention, well before Covid hit, to leverage the strong data we have built up over 20 years and incorporate industry-leading new technologies to offer a broad range of products and services, over and above selling just airfares. The pandemic has allowed us to accelerate that strategy.

“Our brand has continuously evolved based on driving innovation and meeting ever changing consumer demand. The strategy behind the change of name is to introduce a new corporate identity that better reflects the Group’s core businesses today and its future undertakings, in tandem with our rapid transformation from an airline into a one-stop digital travel and lifestyle services group. We believe that the new company name will also further enhance the marketability of our products and boost the success of our Group for the long haul.

“Essentially Capital A is an investment company with a broad portfolio of businesses which all deliver the best value at the lowest cost, supported by strong data built up over two decades. We also have one of Asia’s leading brands to ride on, a strong people-first culture and an underlying promise of remaining committed to serving the underserved in all that we do. Just like what the airline has done from day one, all of our different lines of business will deliver the same strategy that is underscored by doing what we do best – making travel and everyday lifestyle services affordable, accessible and inclusive to all.

“We are now delivering more products and services under one umbrella than any other brand in Asean and with access to over 700 million people in the region, I foresee incredible growth opportunities for our brand across many different industries in all of our core markets.

“We have 16 products and services on our airasia Super App, providing not only the best value flight and travel deals but also everyday lifestyle needs, from food to retail and e-commerce, to same day delivery, ride hailing and much more. We are already one of the top three online travel agents (OTAs) in Asean and our super app is on track to become the leading lifestyle app in the region very soon.

“All of our portfolio businesses are well on the way to becoming industry leaders in their respective fields across Southeast Asia, including BigPay, our aircraft engineering division Asia Digital Engineering (ADE) and logistics venture Teleport.

“We already have over 50 million monthly unique visitors on our super app which has been recognised as a tech unicorn in under two years, our fintech business BigPay, has been given a significant injection of USD $100million from South Korea conglomerate SK Group and overall we have raised over RM2.5 billion to date through our fundraising strategy. Following strong consumer and investor support for our transformation strategy, we now set our sights on further capital raising initiatives for the airasia Super App, Teleport and ADE which will be announced in due course.”

On the airline, Tony commented: “While Capital A will be the new Group holding company name, one thing that isn’t changing is the AirAsia brand name for our airlines. It’s one of the strongest brands in Asia and provides a solid platform for all of our other products and services to leverage from each other.

“Even though the last two years have been the most difficult and disrupted years in the history of commercial aviation, I welcome the year ahead with much greater confidence. Domestic air travel has already started to rebound in our key markets. While there may be some delays for international flights to return to pre-Covid levels due to the Omicron variant, I believe this will be short-lived as many global health experts are also predicting, alongside accelerated vaccines and booster shots as well as the world gradually learning to live with Covid. I am hopeful borders will reopen gradually throughout 2022 and we will see a return to normal capacity for our international services by the middle to third quarter of this year.

“Over the past two years we have spent the downturn in flying building a solid foundation for a viable and successful future, which is not solely reliant on airfares alone. Capital A signals an exciting new era for our airlines and all of our other portfolio businesses within the Group as we embark on a significant new growth phase.

“Importantly, the best is yet to come. We have pivoted, we have transformed and we have a five year plan in place which will see non airline revenues contributing around 50 percent of overall Group revenue by 2026. Once the airlines return to pre-Covid levels in the near future all of our other lines of business will benefit significantly and will all soar to new heights in tandem with one another.”

By 2026 Capital A aims to achieve amongst others:
– Group airlines connecting over 1 billion people in Asean.
– The engineering division (ADE) becomes an industry leader for maintenance, repair and overhaul (MRO) services in Southeast Asia.
– airasia Super App to be the super app of choice in Asean.
– 10 million monthly active users for BigPay.
– 10% market share in Southeast Asia for Teleport, in the logistics and e-commerce industry.
– 5 million sign ups for edutech arm AirAsia Academy.
– Over 21 million monthly orders on airasia grocer.

The new holding company name, Capital A, is immediately effective following the successful registration of the name by the Companies Commision of Malaysia announced on January 3 and the subsequent formal approvals received yesterday.

The name change from AirAsia Group Berhad to Capital A Berhad will not have any effect on the Company’s ongoing operations. The AirAsia stock name on the main Board of Bursa Malaysia Securities Berhad will change with immediate effect to reflect the new company name.

About Capital A – capitala.airasia.com
Capital A is an investment holding company with a portfolio of synergistic travel and lifestyle businesses that leverage data and technology to deliver the best value at the lowest cost, supported by high quality data and one of Asia’s leading brands that remains committed to serving the underserved.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Omicron Having on Impact on Air Passenger Demand Recovery

500 297 wttc2

Omicron Having on Impact on Air Passenger Demand Recovery - TRAVELINDEXGeneva, Switzerland, January 26, 2022 / TRAVELINDEX / The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2021 showing that demand (revenue passenger kilometers or RPKs) fell by 58.4% compared to the full year of 2019. This represented an improvement compared to 2020, when full year RPKs were down 65.8% versus 2019.

Because comparisons between 2021 and 2020 results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons are to the respective 2019 period, which followed a normal demand pattern.

– International passenger demand in 2021 was 75.5% below 2019 levels. Capacity, (measured in available seat kilometers or ASKs) declined 65.3% and load factor fell 24.0 percentage points to 58.0%.

– Domestic demand in 2021 was down 28.2% compared to 2019. Capacity contracted by 19.2% and load factor dropped 9.3 percentage points to 74.3%.

– Total traffic for the month of December 2021 was 45.1% below the same month in 2019, improved from the 47.0% contraction in November, as monthly demand continued to recover despite concerns over Omicron. Capacity was down 37.6% and load factor fell 9.8 percentage points to 72.3%.

Impact of Omicron Measures: Omicron travel restrictions slowed the recovery in international demand by about two weeks in December. International demand has been recovering at a pace of about four percentage points/month compared to 2019. Without Omicron, we would have expected international demand for the month of December to improve to around 56.5% below 2019 levels. Instead, volumes rose marginally to 58.4% below 2019 from -60.5% in November.

“Overall travel demand strengthened in 2021. That trend continued into December despite travel restrictions in the face of Omicron. That says a lot about the strength of passenger confidence and the desire to travel. The challenge for 2022 is to reinforce that confidence by normalizing travel. While international travel remains far from normal in many parts of the world, there is momentum in the right direction. Last week, France and Switzerland announced significant easing of measures. And yesterday the UK removed all testing requirements for vaccinated travelers. We hope others will follow their important lead, particularly in Asia where several key markets remain in virtual isolation,” said Willie Walsh, IATA’s Director General.

International Passenger Markets

– Asia-Pacific airlines’ full-year international traffic plunged 93.2% in 2021 compared to 2019, which was the deepest decline for any region. It fell 87.5% in the month of December, a bit better than the 89.8% decline in November. Full year capacity was down 84.9% compared to 2019. Load factor fell 44.3 percentage points to 36.5%.

– European carriers saw a 67.6% traffic decline in 2021 versus 2019. Capacity fell 57.4% and load factor decreased 20.6 percentage points to 65.0%. For the month of December, traffic slid 41.5% compared to December 2019, an improvement over the 43.5% year-to-year decline in November.

– Middle Eastern airlines’ annual passenger volumes in 2021 were 71.6% below 2019. Annual capacity fell 57.7% and load factor dropped 25.1 percentage points to 51.1%. December’s traffic was down 51.2% compared to December 2019, a solid pick-up from a 54.3% drop in November.

– North American airlines’ full year traffic fell 65.6% compared to 2019. Capacity dropped 52.0%, and load factor sank 23.8 percentage points to 60.2%. December demand was down 41.7% compared to the same month a year-ago, a pick-up over a 44.6% drop in November.

– Latin American airlines had a 66.9% full year traffic decline compared to 2019. Capacity fell 62.2% and load factor dropped 10.2 percentage points to 72.6%, the highest among regions. Traffic fell 40.4% for the month of December compared to December 2019, significantly bettering the 47.3% decline in November.

– African airlines’ international traffic fell 65.2% last year compared to 2019, which was the best performance among regions. Capacity dropped 56.7%, and load factor sank 14.1 percentage points to 57.3%. Demand for the month of December was 60.5% below the year-ago period, a deterioration from the 56.5% decline in November, owing to the impact of government travel restrictions in response to Omicron.

– China’s domestic passenger traffic fell 24.4% in 2021 compared to 2019. It was down 39.6% for the month of December versus December 2019, which was an improvement compared to a 50.9% decline in November.

– Russia’s domestic traffic rose 24.2% for the full year, and 23.2% for the month of December, an acceleration over the 17.5% rise in November. Russia was the only market to see growth in RPKs in 2021 compared to 2019.

The Bottom Line

“As COVID-19 continues to evolve from the pandemic to endemic stage, it is past time for governments to evolve their responses away from travel restrictions that repeatedly have been shown to be ineffective in preventing the spread of the disease, but which inflict enormous harm on lives and economies. A New Year’s resolution for governments should be to focus on building population immunity and stop placing travel barriers in the way of a return to normality,” said Walsh.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News