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Old August 2nd, 2011, 06:45 AM   #561
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AeroMexico Launches the First transcontinental flight to use biofuel‎

Published by Ozgur Tore Tuesday, 02 August 2011 00:44 Aeromexico, Boeing, and the Mexican Government proudly announce their participation in a historic achievement in global aviation: the first transcontinental flight, powered by a General Electric engine, in a commercial airplane powered by bio-combustible fuel.
The Ministry of Communications and Transport (SCT) along with the Airports and Auxiliary Services (ASA), in coordination with Aeromexico and the aircraft manufacturer Boeing, launch this unprecedented flight today; which will fly over 250 passengers from Mexico City to Madrid.
The flight will use a blend of 70 percent traditional fuel and 30 percent biofuel, which will be provided by ASA. This is composed of a mixture of petroleum-derived jet fuel and oil obtained from Jatropha Curcas oilseed plant, which is grown in several regions of the world including Mexico.
Aeromexico, as a member of SkyTeam and Sustainable Aviation Fuels Users Group (SAFUG), demonstrates its commitment to promoting the development of sustainable, alternative low-carbon fuels as part of the ecological initiatives
It is important to point out that despite the fact that this fuel is currently priced at a premium, starting with this flight Aeromexico will implement a program over the next year with Boeing 737-700 equipment powered by CFM56-7B22 engines, in coordination with ASA, of commercial flights using biofuel to destinations such as San Jose, Costa Rica.
Boeing Commercial Airplanes who is providing the biofuel used for this flight, has repeatedly stated that the development of sustainable biofuel is strategic plan and has long worked closely with other industry players, such as academic institutions , governments and environmental organizations, to accelerate the availability of sustainable fuel sources and low carbon emissions.
In October 2009, Boeing and ASA signed memorandum, agreeing on a series of studies and formalizing this collaboration by a commitment to work through the roundtable for sustainable biofuels, a global multi-sector initiative.
Meanwhile, the Spanish Department of Civil Aviation Airworthiness (ASTAM) and the Spanish Department of Aero Navigation and Civil Aviation, in various occasions, has said that the low carbon fuel complies with all safety and security requirements.
With this unprecedented transcontinental flight, the Mexican Government, Boeing and Aeromexico establish themselves as world leaders in biofuel development for aviation and reaffirm their commitment to work together to preserve the environment and contribute to reversing the impact caused by the aviation industry on the environment

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Old August 5th, 2011, 06:50 AM   #562
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AeroMexico celebrate 5 years of Aviation Maintenance Business (EMA)

Since 2006, EMA has been providing maintenance to the Delta Airlines MD88 fleet



Thursday, August 04, 2011


Aeromexico, Mexico’s global airline, celebrated the fifth anniversary of the Aviation Maintenance Company (EMA), through which the airline has established itself as the best provider of major aircraft modification and maintenance at the airline’s hanger at the Miguel Hidalgo International Airport in Guadalajara.

During the celebration, Miguel Angel Uribe, General Director of EMA, - a subsidiary of Grupo Aeromexico - explained that the maintenance services are provided for Boeing 767, Boeing 757, Boeing 737, MD80 and coming soon Embraer 145, and demonstrate an excellent standard of service, with a competitive price, delivery time according to customer needs, and unsurpassed reliability of the aircraft post-service.

The airline announced that, since 2006, it has provided maintenance to the Delta Airlines MD88 fleet, which they were able to do due to the management's commitment to customer service and a team consisting of more than 700 highly skilled employees, making it possible to operate a full-time operation 24 hours a day, seven days a week.

The entire EMA team works according to the international standards set forth by the Federal Aviation Administration (FAA) FAR Part 145 and NOM-145, a strict quality-control system and ongoing audits by aviation authorities, to ensure quality to commercial partners and passengers alike.

Miguel Angel Uribe added that "An aggressive business strategy proposed by our administration and the Board of Directors of the company, involves increasing the existing infrastructure through new investments in order to provide more holding spaces, based on economies of scale, create jobs and economic momentum in the region, which now generates an average of 1500 indirect jobs” said Uribe.

Source: http://www.traveldailynews.com/pages...-Business-(EMA)
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Old August 12th, 2011, 03:43 AM   #563
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Delta to acquire stake in AeroMexico as part of expanded alliance

11th August, 2011


© Centre for Asia Pacific Aviation
SkyTeam founding members Delta Air Lines and Aeromexico have unveiled plans to significantly expand their longstanding alliance with an equity tie-up. The two carriers will also start codesharing on more flights, co-locate airport facilities and expand on their innovative MRO partnership by jointly investing in a new maintenance facility.
Delta, subject to Mexican government approval, will invest USD65 million in Aeromexico in exchange for a stake in the Mexican airline group and a seat on Aeromexico’s board. Shares from Grupo Aeromexico’s Apr-2011 initial public offering have been reserved for Delta. Based on the value of Aeromexico that was determined by the IPO, which raised USD332 million, Delta will end up with a 3.5% stake in Aeromexico.
The new exclusive agreement will result in Aeromexico and Delta expanding their existing codeshares to include all their trans-border flights as well as some additional domestic and international flights from their respective networks. The two carriers have not unveiled any plans for seeking anti-trust immunity on their US-Mexico flights or any sort of revenue-sharing arrangement, but joint corporate contracts will be pursued by a new dedicated joint sales team. Elite frequent fliers will also have the ability to select preferred seats and request upgrades on the partner carrier, expanding on the reciprocal frequent flier benefits the two carriers already offer.
Aeromexico-Delta combination will be the largest player in US-Mexico market

The tie-up is significant as a combined Aeromexico and Delta will overtake the combined United-Continental as the largest player in the US-Mexico market. Aeromexico and Delta are now the third and fifth largest carriers in the US-Mexico market, respectively, while American is the largest and Continental, without merger partner United, is the second largest.
Based on Innovata scheduled capacity data for next week, Aeromexico accounts of 16% of all seats between the US and Mexico while Delta accounts for 8.6%, giving the duo 24.6% of the market. United and Continental combined account for 23.6% of US-Mexico capacity while American accounts for 19.1%.
Mexico to United States (seats per week by carrier, one way, 4-Jul-11 to 29-Jan-12)

Source: Centre for Asia Pacific Aviation and Innovata
American’s strength in the Mexican market has been reduced significantly over the last year due to the suspension of services in Aug-2010 by Mexicana, which was the largest Mexican carrier and the third largest carrier overall in the US-Mexico market. Mexicana codeshared with American and was also in the oneworld alliance. SkyTeam is now the only global alliance with a Mexican member, giving Delta and other SkyTeam members a huge advantage in serving the Mexican market.
The expanded partnership with Delta will also allow Aeromexico to better respond to increasing competition from Mexican low-cost carrier Volaris, which already accounts for 8.5% of capacity in the US-Mexico market. Volaris is rapidly expanding its US network this year ahead of a planned codeshare partnership with Southwest Airlines.
Based on Mexican DGAC traffic data, 9.31 million passengers flew between the US and Mexico in 1H2011. Of these passengers Aeromexico mainline accounted for 9% and Delta mainline accounted for 14% (excludes flights operated by Aeromexico Connect and Delta Connection). United, Continental and Continental Express combined accounted for 21% of the passengers.
Share of scheduled passenger traffic by carrier between US and Mexico, 1H2011

Notes: Regional carriers are counted separately.
Source: Mexican DGAC
In Jun-2011, 1.51 million passengers flew between the US and Mexico. Of these passengers the Aeromexico Group (includes Aeromexico Connect) accounted for 11.5% while Delta accounted for 10.3%, excluding flights operated by Delta Connection.
Scheduled traffic (in thousands of passengers) on US-Mexico routes for leading US carriers, Jun-2011 vs Jun-2010

Source: Mexican DGAC
Mexico is the US’s third largest trading partner with USD400 billion in 2010, according to the US Department of Commerce. Of Aeromexico's 10 largest international routes by capacity, eight are to the US (see background information). North America (the US and Canada) accounts for 66% of Aeromexico's total international capacity.
Delta’s investment in Aeromexico comes as the financial outlook for the Mexican airline group has improved dramatically following a successful restructuring in 2009 and the exit of its biggest competitor, Mexicana, in 2010. Aeromexico has returned to profitability since Mexicana’s suspension, reporting strong financial results for 2H2010 and 1H2011, including its highest second quarter profit in 15 years. But despite posting two solid quarterly results, Aeromexico’s stock price has fallen since the IPO.
Aeromexico share price since Apr-2011 IPO

Source: Centre for Asia Pacific Aviation and Yahoo! Financial
Expanded maintenance, repair and overhaul partnership

In addition to being founding SkyTeam members and long-time codeshare partners, Delta and Aeromexico have had a maintenance partnership since 2006. The MRO partnership began as a 10-year agreement in which Aeromexico overhauls all of Delta’s MD-80s and in exchange Delta Tech Ops overhauls all of Aeromexico’s CFM56 engines. Delta Tech Ops has previously said it would be interested in expanding the MRO partnership with Aeromexico to include additional types of airframe maintenance.

As part of the expanded alliance announced this week, Aeromexico and Delta say they will now jointly invest in a new MRO shop which will open in Mexico in 3Q2013. The facility will be used to offer new maintenance capabilities to Aeromexico, Delta and third-party customers. Delta Tech Ops, which has a large third-party business, has previously indicated it was interested in helping Aeromexico expand its now relatively small third-party maintenance business.

Aeromexico has not indicated where the new MRO hangar will be located. Its maintenance operation is currently based in Guadalajara and Mexico City. Aeromexico already has airframe overhaul capabilities for the B737, B757, B767 and MD80 and recently announced ERJ145 capabilities would be introduced as of Aug-2011. Aeromexico Connect operates a large fleet of ERJ145s but until now has outsourced maintenance for this type to a shop in the US.

"The MRO agreement will represent significant savings for our maintenance group while continuing the extremely high quality work we receive from Aeromexico," said Delta president Ed Bastian. "The facility is a natural next step for the two airlines as we leverage the full benefits of our alliance."

Added Aeromexico CEO Andres Conesa: "The expanded agreement with Delta will undoubtedly allow us to solidify the commercial alliance we have been building together for several years now. We will work with Delta to offer more options for our customers, including greater access to Delta's global network."
BACKGROUND INFORMATION
Aeromexico top ten international routes by capacity (seats per week), 08-Aug-2011 to 14-Aug-2011

Source: Centre for Asia Pacific Aviation and Innovata
Aeromexico international capacity (seats per week) by region, 08-Aug-2011 to 15-Aug-2011

Source: Centre for Asia Pacific Aviation and Innovata
Delta Air Lines international capacity (seats per week) by region, 08-Aug-2011 to 15-Aug-2011

Source: Centre for Asia Pacific Aviation and Innovata
http://www.centreforaviation.com/new...tnership/page1
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Old August 16th, 2011, 01:54 AM   #564
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Passengers Transported by Grupo AeroMexico Grew 32% In July
Grupo Aeromexico S.A.B de C.V.



/PRNewswire/ -- Grupo Aeromexico S.A.B de C.V. ("Aeromexico") (BMV: AEROMEX), the largest intercontinental airline in Mexico, has reported its operating statistics for July.
In July 2011, total passenger traffic increased 32%, year over year, reaching a total of one million 385 thousand passengers transported. This was the highest number recorded for any month in the Company's history. International passenger traffic grew 51% and domestic traffic increased 25%. Therefore, in the first seven months of the year, the total number of passengers transported by Aeromexico increased 33% over the previous year, with a total of 8 million 149 thousand passengers transported.
Year over year demand, measured in Revenue Passenger Kilometers (RPKs), registered an increase of 29% in July, while capacity, measured in Available Seat Kilometers (ASKs), increased 19%. This resulted in an itinerary load factor for July of 86.9%, which was also the highest monthly load factor in the Company's history; 6.4 points higher than July 2010.


July YTD July 2011 2010 Chg% 2011 2010 Chg % RPK's Itinerary + Charter (Millions) Domestic 864 733 18% 5,226 4,315 21% International 1,409 1,028 37% 7,585 5,513 38% Total 2,273 1,761 29% 12,811 9,828 30% ASK's Itinerary + Charter (Millions) Domestic 1,031 989 4% 6,811 6,136 11% International 1,603 1,225 31% 9,528 6,935 37% Total 2,634 2,214 19% 16,340 13,070 25% Load Factor (Itinerary) p.p. p.p. Domestic 84.6 75.2 9.5 77.3 70.6 6.6 International 88.3 84.8 3.5 80.0 80.1 -0.1 Total 86.9 80.4 6.4 78.8 75.6 3.3 Passengers Itinerary + Charter ('000) Domestic 963 771 25% 6,024 4,720 28% International 422 279 51% 2,125 1,416 50% Total 1,385 1,049 32% 8,149 6,137 33%
The information included in this report has not been audited and it does not provide information on the company's future performance. Aeromexico's future performance depends on many factors and it cannot be inferred that any period's performance or its comparison year-over-year will be an indicator of a similar performance in the future.
Glossary:
  • "RPKs" Revenue Passenger Kilometers represent one revenue-passenger transported one kilometer. Includes itinerary and charter flights. The total RPKs equals the number of revenue-passengers transported multiplied by the total distance flown.
  • "ASKs" Available Seat Kilometers represent the number of available seats multiplied by the distance flown. This metric is an indicator of the airline's capacity. It equals one seat offered for one kilometer, whether or not the seat is used.
  • "Load Factor" equals the number of passengers transported as a percentage of the number of seats offered. It is a measure of the airline's capacity utilization. This metric takes into account the total passengers transported and total seats available in itinerary flights.
  • "Passengers" refers to the total number of passengers transported by the airline.
About Grupo Aeromexico
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport. The Group's airlines operate over 550 daily flights to different cities in Mexico, the United States, Canada, Central and South America, and Europe and Asia. Aeromexico is a founding member of SkyTeam, the global airline alliance comprised of 14 airlines.




Read more: http://www.bradenton.com/2011/08/15/...#ixzz1V8nPg4cB[/COLOR][/LEFT]
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Old August 25th, 2011, 02:48 AM   #565
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AeroMexico First Officer Arrested at Madrid’s Airport with 90+ Pounds of Cocaine in His Luggage (Or Are You Just Happy to See Me?)
Posted by Jared Blank on August 23, 2011
An AeroMexico first officer was arrested last Thursday at Madrid-Barajas International Airport after customs officials found 93 pounds of cocaine in his luggage during a random search at the airport. The pilot has been suspended.
Oddly enough, this is the second time in the past year that AeroMexico crew were caught in Spain smuggling drugs into the country. 3 flight attendants were arrested last December with 140 pounds of cocaine in their luggage at the same airport

Source: http://www.onlinetravelreview.com/20...ppy-to-see-me/
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Old August 25th, 2011, 02:51 AM   #566
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AeroMexico doubles Las Vegas-Monterrey frequency


By Gay Nagle Myers

AeroMexico added two weekly frequencies between Las Vegas and Monterrey, Mexico.

The new schedule now offers four roundtrip flights a week between the two cities on Sundays, Mondays, Thursdays and Fridays.

Source: http://www.travelweekly.com/Travel-N...ency/?a=issues
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Old August 25th, 2011, 10:52 PM   #567
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AM's 762ER.... A Smokin' Quick Take-Off






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Old August 26th, 2011, 01:49 AM   #568
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^ 10 outta 10.
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Old August 26th, 2011, 02:02 AM   #569
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Quote:
Originally Posted by YU-AMC View Post
^ 10 outta 10.

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Old August 29th, 2011, 11:29 PM   #570
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AeroMexico to Offer New Routes to Colima



August 29, 2011
[/COLOR]
AeroMexico to connect Mexico City with Colima and Manzanillo

[/B]
BEGINNING ON SEPTEMBER 1st, AeroMexico will launch its latest national route between the Mexican capital, Mexico City, and Colima, capital of the state with the same name, with AeroMexico Connect offering two round-trip flights per day.
Then, on Novemebr 1st the company will introduce an additional route to Colima, this time to the coastal resort of Manzanillo, according to Rafael Gutiérrez Villalobos, the local Minister for Economic Development fo Colima State.
This is defintely good news for the tourism sector in the state as there will be daily frequencies on both routes, in the case of Colima: twice daily, which should mitigate the negative results regarding the decrease in the arrival of cruise-ship passengers as some cruise lines have cancelled their port calls to the state.
Until the 10th of September, AeroMexico is offering the single (adult) ticket price of MXN 1,631 pesos on the MEX-CLQ route, for travel between the 1st and the 30th of September, so if you’re interested in visiting these cities from the Mexican capital next month, now is the time to buy your tickets. This price includes taxes, but only if you buy direct with the airline!
To Colima, flight AM 2550 will leave Mexico City at 06:05 hrs.* and arrival in CLQ is scheduled for 07:30 hrs.*; the second option is leaving MEX at 18:30 hrs.* on flight AM 2552 to arrive in Colima at 19:55 hrs.*
To Mexico City, flight AM 2551 will depart from Colima at 07:50 hrs.* to arrive to the capital at 09:20 hrs.; the second option is leaving MEX at 20:15 hrs.* on flight AM 2553 to land in CLQ at 21:45 hrs.*
The above flights offer passenger options in three classes: economic, special and AM Plus, so there is an option to suit most people’s budgets, though business travellers may miss their additional perks in the Premier and Premier plus categories![INDENT]Meanwhile, the Mexico City-Manzanillo services are scheduled to leave the capital city at 12:45 hrs.* to arrive in Manzanillo (ZLO) at 14:15 hrs.*; from Manzanillo to Mexico City, flights will take off at 14:35 hrs.* to land in the capital at 16:05 hrs.*

Source: http://mexicanairlines.com.mx/2011/0...tes-to-colima/
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Old September 1st, 2011, 09:11 PM   #571
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AeroMexico Increases Chile Service from mid-Sep 2011


AeroMexico starting 18SEP11 is increasing Mexico City – Santiago de Chile service from 4 to 6 weekly. Service is operated by Boeing 767 aircraft. The increased service will be maintained in Northern Winter schedule eff 30OCT11.

Operational schedule as follows:

AM010 MEX2355 – 1015+1SCL 767 x6
AM011 SCL2330 – 0600+1MEX 767 x7

Source: http://airlineroute.net/2011/09/01/am-scl-sep11/
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Old September 8th, 2011, 11:06 PM   #572
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Delta’s Alliance with AeroMexico Could Boost International Growth


September 8th, 2011 by Trefis Team
+23.37%
Upside

7.31
Market

9.02
Trefis


DAL
Delta Air Lines






Delta Air Lines (NYSEAL), the world’s largest passenger airline by available seat miles (ASM), announced plans to enter into an exclusive long-term commercial partnership with Grupo Aeromexico (Mexico:AEROMEX) early last month. The agreement includes network-wide code sharing arrangements as well as a commitment by Delta to invest $65 million in the Mexican airline that will lead to the combined Aeromexico and Delta overtaking United-Continental as the largest player in the US-Mexico market. Delta competes with Southwest Airlines (NYSE:LUV), American Airlines (NYSE:AMR), US Airways (NYSE:LCC ) and United Continental (NYSE:UAL) in the domestic market and faces stiff competition from alliances like Star and Oneworld internationally.
We decided to take a closer look to understand the implications of the partnership for Delta’s valuation. We value Delta Air Lines with a $9 Trefis price estimate, implying a premium of ~20% over the current market price.
What does the proposed agreement entail?
The agreement enables network-wide codesharing for both Delta and Aeromexico flights between the U.S. and Mexico as well as flights within the carriers’ domestic networks and to other key international destinations.
The cooperation further includes setting up a coordinated sales team, reciprocal benefits for elite-level loyalty program members and a $65 million investment by Delta in Aeromexico. The investment once approved by the Mexican regulators would give Delta a ~3.6% stake in Grupo Aeromexico and a seat on its board of directors.
How does the partnership benefit Delta?
1) Expansion into the international markets including Latin American markets through code sharing
Delta and Aeromexico are both part of the SkyTeam alliance and have about 500 code shares that would rise to 700 under the enhanced partnership. This will aid Delta in expanding its presence in the fast-growing Latin American markets. Though Delta’s Latin America business is small, accounting for around ~6% of Delta passenger revenues, it has been growing at a nice pace when compared to other regions.
With favorable macroeconomic factors like increasing trade volumes between the North American nations (roughly $400 billion in 2010), Mexico’s high ranking as the third largest U.S. trading partner and with Delta trimming its flights to Europe, an expansion into Mexico and South America could be a lucrative opportunity.
2) Improved customer service through expanded customer benefits
By leveraging strength of the alliance, Delta can now improve its customer service by offering additional customer benefits such as support from coordinated sales team that offers joint contracting to corporate customers allowing enhanced access to the combined networks, expedited call handling for Elite customers through a new, integrated process, co-located airport facilities for easier connections and the facility to select preferred seat assignments, process upgrades and redeeming Award Tickets online.
What are the implications for Delta’s valuation?
1) Increased International Market Share
Aeromexico accounts for 16% of all seats between the US and Mexico while Delta accounts for 8.6% giving the two a combined market share of 24.6% in the US-Mexico market that is higher than the current leader, United -Continental’s share of 23.6% of the US-Mexico capacity. The company officials said that they intend to increase this combined market share by 10%.
The scheduled traffic carried by Delta on the US-Mexico route is currently a very small and insignificant percentage of the total traffic for Delta and boosting this to the tune of 10% would not have any tangible impact on the share price.
However, as Delta eventually grabs a bigger share of US-Mexico market and other international markets as a result of the partnership, its international market share could increase to impact its stock price meaningfully.
2) Higher Average International Occupancy Rate
Due to codesharing, Aeromexico would also be able to expand its global reach by utilizing Delta’s routes. This would in turn help Delta in increasing its average occupancy rate, thereby improving the load factors. Also, the slew of customer benefits introduced under the agreement should help Delta attract higher passenger traffic.
The above factors are likely to improve Delta’s valuation, as growth in overall traffic and higher load factors translate into a higher share price with the execution of the agreement.

Source: http://www.trefis.com/stock/dal/arti...ico/2011-09-08
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Old September 27th, 2011, 11:30 PM   #573
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AeroMexico plane to use biofuel on Costa Rica flight


Published September 27, 2011

[LEFT][COLOR=#000000]Mexico City – AeroMexico, Mexico's largest airline, will begin offering service Tuesday from Mexico City to San Jose, Costa Rica , using planes that burn a 25 percent biofuel mixture, the ASA airport network said.
The plane will use the biofuel mixture as part of the "Green Flights" project, which is designed to reduce the emission of greenhouse gases, ASA said.
A Boeing 737 will provide service on the route, the aviation agency said.
The plane will use a mixture of 75 percent conventional jet fuel and 25 percent synthetic paraffin biokerosene.
Aeromexico carried out its first transoceanic commercial flight using biofuels last month on the Mexico City-Madrid route.
Mexican officials have been working with agricultural and industrial interests for a year on the use of second-generation inedible plant oils that can be refined into biofuels for aircraft.
Mexico's aviation industry expects biofuels to account for 1 percent of the fuel used in 2015 and 15 percent by 2020.
The country will have to produce 40 million liters (10.5 million gallons) of aviation biofuel to meet the short-term goal and 700 million liters (185 million gallons) by 2020 to meet its long-term target.
The International Civil Aviation Organization, which has more than 130 members, plans to issue regulations on the use of aviation biofuels later this year.

Source: http://latino.foxnews.com/latino/mon...#ixzz1ZBdNdZyf
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Old October 21st, 2011, 06:34 AM   #574
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AeroMexico Seals Deal with Union



October 20, 2011 Category: Airline news


New agreement between Aeromexico and the Sindicato Independencia covers the period 2011-2013


MEXICO’S CURRENT FLAGSHIP CARRIER, Grupo Aeromexico, has announced a new agreement reached between the company and the groundworkers and their union, the Sindicato Independencia, which represents around 1,500 of the company’s employees.
The deal, which covers the 2011-2013 period, states the company will pay annual increases in line with inflation, according to Mexico’s National Consumer Price Index*, which is predicted to close this year with a figure of 3.73 percent.
“Likewise, the company agreed to establish conditions for any technician hired by Grupo Aeromexico, as of December 2012, to enter with highly competitive working conditions,” said the official communication from the airline group.
The Sindicato Independencia was formed in 1988, with the creation of Aerovías de México

Relations between Grupo Aeromexico and the union have been on good terms since 2008, exactly 20 years after the Sindicato Independencia was created in the wake of the 1988 strike at the airline, when Aeromexico was still a state-owned company.
The strike crippled the company, but it was launched again -in October 1988- under the name of Aerovías de México, S.A. de C.V., kept the name Aeromexico and began operations with just 25 aircraft.
Nowadays, Grupo Aeromexico runs a fleet of 105 aircraft: Aeromexico with 53, Aeromexico Connect operates 49 and Aeromexico Travel manages with just three, according to the airfleets.es Web page.

Source: http://mexicanairlines.com.mx/2011/1...al-with-union/
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Old October 23rd, 2011, 10:32 PM   #575
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...738 coming in!!!!!
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Old October 27th, 2011, 05:49 AM   #576
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Grupo AeroMexico S.A.B. De C.V. Releases Results for the Third Quarter 2011


MEXICO CITY, Oct. 26, 2011 /PRNewswire/ -- Grupo Aeromexico, S.A.B. DE C.V. (BMV: AEROMEX), the largest intercontinental airline in Mexico, reported its consolidated unaudited results for the third quarter of 2011. The following is a summary of the consolidated financial and operating information from Grupo Aeromexico's financial statements for the quarter ended September 30, 2011

•Grupo Aeromexico achieved record passenger numbers, revenue, EBITDAR and operating profit, despite pressure related to a 46% increase in fuel prices, year-over-year.

•Grupo Aeromexico reported a net income of MXP $874 million for the third quarter of 2011, MXP $440 million below 2010. However, a non-recurring revenue of MXP $480 million was received in September 2010 through Groupe Aeroplan's investment in Club Premier (FFP). After excluding the aforementioned, net income for the third quarter 2011 is MXP$ 40 million above that of the third quarter of 2010, despite the increase in fuel prices.


•Cumulative net income for the first nine months of the year was MXP $1,873 million; 81% higher than that of 2010.

•Quarterly EBITDAR reached MXP $2,040 million; the greatest quarterly EBITDAR recorded in the Company's history. Year to date EBITDAR was MXP$5,265 million, which represents a 37% increase over 2010.

•Operating income for the quarter was MXP $1,141 million, with an operating margin of 11.9%. Operating income for the first nine months of the year increased 109% year over year, reaching a total of MXP $2,618 million.

•The load factor for the Group was 80.8%; the highest level in the Company's history for a quarter.

•Total revenues were MXP $9,594 million, up 24% year on year. This result was largely due to an increase in passenger traffic and an improvement in cargo revenues.

•The unit cost or CASK (Cost per Available Seat Kilometer) excluding fuel costs decreased by 3.3% due to the Company's commitment to a policy of expense rationalization and operating efficiency.

•During the third quarter, the Company disbursed USD$ 53 million from its BNDES credit line as part of the acquisition plan of new Embraer 190 airplanes. In addition, Grupo Aeromexico made pre-delivery payments (PDPs) and deposits of more than USD $25 million as part of the Company's expansion plan and the acquisition of Boeing and Embraer airplanes. This is in line with its plan to improve its fleet portfolio with a balanced mix of owned and leased aircraft.

•The Company's cash position at the end of September reached MXP $4,608 million, due to higher operating income and proceeds from Grupo Aeromexico's Initial Public Offering, which took place in April 2011.

•Net financial debt, which deducts the unrestricted cash position from financial debt, ended with a negative balance of MXP$ 1,656 million, decreasing from the positive balance of MXP $1,990 at the end of the third quarter 2010.

•Controlling Stockholder's equity at September 30, 2011 was MXP $4,839 million; MXP $6,762 million more than the amount recorded on September 30, 2010.

•On August 10, 2011 Grupo Aeromexico and Delta Airlines signed a Memorandum of Understanding to develop a long-term, exclusive commercial alliance that will leverage each other's strengths while linking Delta's extensive international network with Grupo Aeromexico's largest passenger network in Mexico. As part of the agreement, Delta will invest $65 million in ordinary shares of Grupo Aeromexico, comprised of treasury stock, at a price of $31 pesos per share. Also, in a separate agreement, Delta and Aeromexico will expand their Maintenance, Repair and Overhaul (MRO) agreement, with a new facility scheduled to open in the third quarter of 2013.

To access the full text of this earnings release, please visit our Investor Relations website at: http://www.aeromexico.com/us/Experie...Relations.html
Grupo Aeromexico will hold its third quarter 2011 conference call on Friday, October 28, 2011 at 10:30 am U.S. ET (09:30 am Mexico City Time). The conference call can be accessed by dialing: +1 (706) 634-0819 (international toll free) and entering passcode: 21122604.

About Grupo Aeromexico

Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport. The Group's airlines operate over 550 daily flights to different cities in Mexico, the United States, Canada, Central and South America, and Europe and Asia. Aeromexico is a founding member of SkyTeam, the global airline alliance comprised of 15 airlines.
Safe Harbor Statement

This release contains forward-looking statements regarding the Company's results and business prospects. The readers should know that the results obtained may differ from that stated on this release. Past performances do not guarantee the behavior of future performances. The Company undertakes no obligation to update any of these statements, either as a result of new information, future actions or other related events.

Source: http://www.prnewswire.com/news-relea...132647328.html
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Old October 28th, 2011, 08:18 AM   #577
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777 Take-off!!!!


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Old November 1st, 2011, 07:23 AM   #578
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AeroMexico increases B787 commitment from five to seven aircraft


After the eighth B767 arrives later this year, AeoMexico is not planning any further increase in its widebody fleet until Aug-2013 , when the first of the carrier’s B787-8s is slated for delivery. Mr Conesa revealed during the analyst call that AeroMexico recently secured two more delivery slots for B787s, lifting its commitment from five to seven of the type. He says all seven B787s will be delivered within three years, allowing for a rapid phase out of the carrier’s entire B767 fleet.

For at least the medium term, AeroMexico will continue to operate its four B777-200s, which are now primarily used on its Asian routes to Shanghai and Tokyo. Mr Conesa says AeroMexico has been trying to secure additional B777-200ERs but as it was unable to find any suitable high gross weight aircraft, a requirement for operating long-haul routes from the high altitude of its Mexico City hub, it had to settle on additional B767s. AeroMexico quickly added two B767s after Mexicana’s collapse, using the aircraft primarily to increase capacity on routes to southern South America.

Source: http://www.centreforaviation.com/ana...ble-2011-61688
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Old November 1st, 2011, 07:37 AM   #579
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AeroMexico plans up to four new US destinations in 2012



Most of the additional B737 capacity will be directed at the Mexico-US transborder market. AeroMexico has already added significant capacity to the US in recent months, launching since July service from Monterrey to Chicago and Brownsville; Guadalajara to San Francisco and Las Vegas; and Cancun to Miami.
Mr Conesa says AeroMexico will resume service to Delta’s Atlanta hub in 1Q2012 with service from Mexico City and Monterrey. He says AeroMexico, which dropped Mexico City-Atlanta service in early 2009, is also now looking at another three new destinations in the US east coast for summer 2012, which could become viable under the new joint sales programme with Delta.
He did not elaborate which cities are being looked at but AeroMexico previously looked at Washington Dulles, which was served by Mexicana before it ceased operations. AeroMexico currently serves only one destination in the northeast US, New York JFK, which would leave open the opportunity for service to Boston, Philadelphia and Washington under the expanded Delta partnership.

Source: http://www.centreforaviation.com/ana...ble-2011-61688
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Old November 3rd, 2011, 11:00 PM   #580
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...quick take off!

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