Shanghai Airport Authority announced (24-Feb-2020) plans to waive property rent for Feb-2020 and Mar-2020 for tenants. The application is available for non state owned small and medium company rented property from Shanghai Airport Authority for production, office work or commercial retail. [more - original PR - Chinese]
• What are the alternative ownership models to privatisation?
• What do governments need to consider when deciding whether airports should be privatised?
• What form should regulation take, in order to strike a balance between national and private interests?
• Who ‘owns” airport slots? How should slot policy be regulated and developed?
• What future is there for managing airport capacity that cannot meet demand? To prevent chaos and one that limits growth?
UPDATE: After careful consideration of the impact of COVID-19 & in consultation with our hosts, AIG, it is with regret we announce the CAPA Middle East and Africa Aviation Summit, originally scheduled for 2-3 March 2020 Jordan, will now be postponed.
We invite you to join us along with airline executives from around the globe as we take a deep dive into making money in 2020 and how technology will revolutionise the delivery of aviation services with everything from retailing to sustainability.
Agility reported (22-Feb-2020) net profit growth of 7% year-on-year in 2019, with revenue up 1.8% and EBITDA up 24.7%. The company was also able to post a net profit 4.4% higher year-on-year in 4Q2019, although revenue was flat. Agility vice chairman and CEO Tarek Sultan stated: "Global trade tensions, regional economic uncertainty, and financial market pressure in emerging markets all contributed to a challenging year for our logistics business. Internally, the costs associated with our investment in digitisation also had an impact; one that we believe will continue in 2020". He said the company recognises it is "likely to see volatility in the global economy that may impact our logistics business" in 2020, "as well as slower market activities in certain markets in the Middle East and Africa that may affect certain portfolio companies". However, he noted the company is "well-positioned to navigate through them [challenges]". [more - original PR]
Agility reported (22-Feb-2020) National Aviation Services (NAS) posted revenue growth of 7.8% in 2019, due to certain favourable market conditions and successful turnaround efforts. Agility mentioned NAS is also launching new operations in several new markets, acting upon its strategy to expand in Africa. [more - original PR]
Australian Competition and Consumer Commission (ACCC) reported (25-Feb-2020) Brisbane, Melbourne, Perth and Sydney airports handled 121.7 million passengers in FY2019, up 1.4%. Growth was largely driven by international travel with an increase of 3.9% to 40.5 million passengers. Domestic passenger growth increased slightly by 0.3% to 81.2 million passengers. Sydney Kingsford Smith Airport reported its first decline in domestic passengers in seven years. [more - original PR]
Changzhou Benniu Airport announced (24-Feb-2020) plans to resume services to all 21 domestic destinations except Ganzhou and Taiyuan, restoring 65% of domestic capacity in early Mar-2020. Thai Lion Air will continue to operate three times weekly Bangkok-Changzhou service, Air Macau will resume twice weekly Macau-Changzhou service on 15-Mar-2020 while other international services will remain suspended until further assessment of the coronavirus outbreak. [more - original PR - Chinese]
SKY Airline, in an email to CAPA, stated (25-Feb-2020) the carrier is completing its fleet renovation programme in Apr-2020, becoming a 100% A320neo operator. The carrier is scheduled to incorporate A321neos in 2021 and A321XLRs by the end of 2023. As previously reported by CAPA, the carrier placed an order for 10 A321XLRs and three A321neos.
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- If the first two decades of the century were transformational for the aviation industry, the 2020s will be revolutionary.