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State Owned Airlines

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Zimbabwe Airways sold its first and only B777-200ER for dismantling, as it had no money for its heavy maintenance, the dream of having 4 is gone, one sold in the US and status of the $70 million for 4 is also gone, now what happens with 2 State owned airlines? Air Zimbabwe is the national carrier and Zimbabwe Airways is the ZANU-PF airline that was suppose to replace Air Zimbabwe with 4 x B777-200Er and 4-6 ERJ-145’s, another dream gone, now just the nightmare left for struggling, cash starved Air Zimbabwe, just so much BS and what has been achieved? nothing, other than the usual missing millions of $US in another shameful scam in Zimbabwe.

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  https://www.linkedin.com/in/tomas-chlumecky-aviation-doctor-3200a021/   ŽIVILĖ ZALAGĖNAITĖ – AeroTime News Hub on 19th December 2018       Earlier this month it became clear that in a best case scenario Zimbabwe Airways will receive only two of the four Boeing 777 aircraft it intended to buy from Malaysia Airlines. The deal began as a government secret and … Continue reading →

A short history of aviation in Ghana

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  https://www.linkedin.com/in/tomas-chlumecky-aviation-doctor-3200a021/       November 9, 2018   Tomas’s Comment:   The country has a had a rough time with its 2 national airlines, Ghana Airways from 1958 to 2005 and Ghana International Airlines from 2005 to 2010 and have they learned anything? Ghana Airways has had a long successful history with many different … Continue reading →

Six ERJ-145 regional jets are joining the eight EMB-120 at Inter-Caribbean Airways of the Turks & Caicos

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  https://www.linkedin.com/in/tomas-chlumecky-aviation-doctor-3200a021/   SIX NEW JETS FOR InterCARIBBEAN By Hayden Boyce & Todeline Defralien – The Sun – September 9, 2018       Over 60 airlines have failed in the Caribbean since 1981:  Aero Wings  Carib Aviation  Caribbean Star  RedJet  Trans Island Air 2000  Air Monserrat  Air Caribbean … Continue reading →

The “new” Guyana Airways Corporation (GAC) is in trouble, as the Government of Guyana removed the privately-owned Guyana Airways Corporation Inc. (GAC) from the Companies Register two years after the entity was duly registered because the name is identical to two previous companies. Now out of the blue just 2 months away from starting with 2 x B737’s there is a problem with the name? This is a classic political “shakedown” of a new company by someone high up in the Government looking for bribe, nothing else makes sense with this, the nation has waited 15 years to have its own airline, and the now that it almost has one, someone wants to pillage it before it gets off the ground. GAC (aka Guyana Airways II) is already facing challenges, as Guyana is a FAA Category 2 country, so no carrier from Guyana can fly directly to the US, where a large Guyanese diaspora lives, especially in New York. Guyana Airways now plans to just serve Port of Spain, Barbados and Havana, going up against Caribbean Airlines (CAL) will not be easy, but then a JKF service may have to face JetBlue soon and this October American will start Miami to Georgetown, as a start-up you do not want to face the BIG airlines head on right from the start, many that have, died quickly.

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    https://www.linkedin.com/in/tomas-chlumecky-aviation-doctor-3200a021/   Starbroek – August 25, 2018   Boeing B707 of Guyana Airways after the 2001 bankruptcy, a sad cannibalized aircraft rotting in Georgetown       Start of new local airline delayed over name-company deregistered by commercial registry Millions in losses loom for a new local airline as the start of operations … Continue reading →

Jet Airways seeking $400 million from global equity firms to stay alive while Turkish Airlines had a good year, but the collapse of the Turkish Lira versus the $US, will create major problems this year for Turkish, 2 big airlines now in trouble for different reasons, and add to that Air India which has 23% of its 118 aircraft, grounded at any given time due to a lack of spare parts, yes $US 3.6 billion in assets parked waiting!

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Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/       Airline Economics  August 13, 2018         Jet Airways is reported to have begun a formal stake-sale process to raise $350-400 million from global private equity firms.     Local media sources suggest that Blackstone, TPG, Cerberus Capital Management and Indigo … Continue reading →

The sad Rise and Fall of Curacao based InselAir took another “dubious” twist 2 weeks ago, in line with the ‘disappeared’ $US 97 million in Venezuela “mystery” that brought the airline down in the first place. The the Curacao Government and 51% owner (after a $US18.3 million loan) of what is left of the airline (1 operational Fokker F50), selected One Laser Group LLC of Miami, to be Insel Air’s 49% strategic partner. The Government claims that ‘InselAir is Bankrupt Without One Laser Group’. The Group is to invest $US 11.1 million into InselAir’s revival, yet the problem is, that there is NO information on the company, executives, history, business dealings, press releases, not even a web page, just a Florida based LLC (limited liability company), basically a “shell company with 1 key person. The company claims it is a “conglomerate of companies that invest in various sectors like air freight, logistics in food & pharmaceuticals and oil supply”? whatever! What the hell is Curacao thinking? I am sorry, but I believe this is just another BS airline scam in the works, like the recent BVI Airways, PAWA Dominicana, Baltia Air Lines/USGlobal Airways and others I have covered and exposed. With 4 CEO’s since January, 2017 it says novels about the ‘fiasco’ within InselAir today.

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Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/               Tomas’s Comment:   This industry is never dull, always something and sadly too often I find some funny business going on, as this industry due to its high asset value seems to attract a lot dubious entrepreneurs, executives and … Continue reading →

Uganda Airlines II, starting to take shape, but I am not liking many of the decisions made so far. CEO Ephraim Bagenda has just 6 years of aircraft maintenance experience at Rwandair? really? when commercialisation will make or break the new airline? they have a CEO with no commercial, finance, sales, marketing, RM, etc. experience? it is just not the right qualification for a CEO for a new national carrier. Now, Uganda Airlines has the unique distinction of being the the only buyer of the A330-800 in the whole world? why?, though it did get a 58.4% discount (to $US 108M) on the $US 259.9M list priced aircraft, they could have leased a new B787-8/9 or A350-900? Meanwhile Bombardier is showing its desperation to sell its struggling CRJ’s by selling 4 x CRJ900’s to Uganda Airlines for $US 110.8M ($US 27.7M each), which is a discount of 40.4% from the list price of $US 46.5M each, very good for Uganda Airlines, but could have leased them also or E175’s/190’s, but now the fleet resembles that of Rwandair (except no B737’s yet). So what did AA pay for the 15 + 15 CRJ900 order a few weeks back? surely more than 55% off ($US 20.9M for each)? which is not far from the estimated cost of $18.8M, leaving a small margin for the new Regional Aircraft Division now that CSeries is part of Airbus for free. Looks like great deals are plenty today from all 4 commercial jet aircraft OEM’s.

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Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/   Reviving Uganda Airlines: How government plans to raise the money – Daily Monitor – July 24, 2018   By Dicta Asiimwe & Raymond Tamale         Uganda hurriedly firmed up plans to revamp the country’s defunct airline in March 2019, after signing a … Continue reading →

Ethiopian Airlines (ET) is on a roll with is domination of the African skies as it takes equity positions in many new state owned airlines, the latest being tiny Eritrean Airlines (1 x ACMI leased B737-500), now that peace has come at least between the two neighbours. Ethiopian Airlines has for years had minority ownerships in ASky of Togo (40%) and Malawian Airlines (49%), but now it has gone on a binge of ownerships and partnerships from new national carrier start-ups and existing state carriers like Zambia Airways II (45%) to Guinea, Ghana, Chad, Mozambique, Equatorial Guinea, DRC and now possibly newly announced Nigeria Air. As Africa’s biggest and best managed airline (private and state owned) in Africa, ET is well positioned to dominate the continent with its equity and partnership ‘alliance’ strategy. Helping local airlines like Malawian Airlines (ex-Air Malawi) is very good, but when you start controlling a dozen plus airlines, it begins to be worrying, competition is being limited, and that is something Africa needs more of, not less. Now, new start-ups that plan to compete with Ethiopian, especially in long-haul, like Air Tanzania and Uganda Airlines and to a lesser degree for now, Senegal Airlines II face a mighty competitor that is going to pull traffic from all corners of Africa, N.A., Europe, Middle East and Asia with 100+ aircraft through Addis Ababa, and the small carriers will find it very hard to compete on costs, price, schedules, network to service. It is a very tough business to be entering today.

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Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/     Ethiopian Airlines confirms it is eying stake in Eritrean Airlines   Avitrader – July 20, 2018       Tomas’s Comment:   This peace between Ethiopia and Eritrea, (a country of 5.5 million people) is good news for sure, the first flight in years … Continue reading →

The Caribbean wide aviation reform (aka “Bang On” to some) which targets air service liberalization for better connectivity, high air ticket taxes and high airport charges, which are all holding back the development of a profitable Caribbean air transport system today. The Bahamas alone can have a $415 million gross domestic product (GDP) expansion and the creation of over 16,000 jobs. It estimated that air arrivals to this nation would increase by 1.058 million or 42 percent above baseline, with the majority – 901,035 – coming from abroad and representing the high-spending stopover tourists the Bahamas is targeting. None of this is new, it is old hat for decades, we need new young politicians to step forward and push for REAL changes, instead of talking about them over and over again! Time for big political change like in Barbados 2 months ago! out with old inept ‘dinosaurs’ politicians and in with the new young visionaries that want to make real changes for the betterment of the good people of the Caribbean, no more excuses. Money losing state owned inefficient airlines need to kick the addiction of using public money to stay afloat, swim or sink and make room for private capital to takeover from where the state has failed for 50+ years in the region!

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Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/       ‘Bang On’ Over $415m Aviation Boost For GDP As of Wednesday, July 11, 2018 – Tribune 242 – By NEIL HARTNELL           #Research showing The Bahamas will enjoy a $415m economic boost if it participates in Caribbean-wide aviation reform … Continue reading →

Smart way for Estonia to avoid illegal state airline support? On November 8, 2015 state owned Estonian Air was forced to shut down after the European Commission declared it cheated with state aid to stay afloat and that it return Euro 84.9 million. Estonia knew this decision was coming and had already decided that the country must have a Estonian airline at all cost and two months before the closure it set up two new public aviation companies, Nordica and OU Transpordi Varahaldus, with Euro 72 million allocated by the state, and screw the EC, they were going to use state aid for another state owned airline to distort and compete with other EU based airlines? Ho wcan the EC allow this, should the Hungarian and Cypriot Governments have put up new money again for a new state airline when Malev and Cyprus Airways was forced into bankruptcy for illegal state aid? The EC needs to get its act together, the Estonians laughed in their face, and started flying their new state owned airline Nordic Aviation Group, the same day estonian Air stopped flying! What was the point? and what is the lesson for other EU state airlines, and where it the protections for privately owned airlines against state owned airlines like SAS, LOT, airBaltic, Croatian Airlines when the EC rulings are circumvented?

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Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/     This article was written and first published on gediminas.ziemelis.com on 13th February 2018   Smart way for Estonia to avoid illegal state airline support?         Tomas’s Comment: A sad story on how the European Commission failed privately owned airlines in the … Continue reading →

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