Tuesday, September 30, 2008
We will keep you updated.
Bosnia and Herzegovina: In August the total number of departures from Bosnian airports amounted to 698 arrivals and 700 departures while 23.471 aircraft flew over Bosnian airspace. These results are an improvement compared to last year when there were 644 departures, 649 arrivals and 22.804 overflies. Overall Bosnia and Herzegovina has seen an increase in air traffic every month with the number of overflies increasing the most, meaning more aircraft are flying over the country’s airspace.
Croatia: Not only is August one of the busiest months for air traffic in Croatia but the country is also seeing improvements across all months when compared to last year. In August alone there were 4.527 commercial departures, 4.396 arrivals and a total of 38.324 overflies. However the August 2008 results did not see a large improvement in traffic figures as some previous months. In August 2007 there were only 51 departures less nevertheless this number was made up by the large increase in arrivals. A total of 197 more arrivals took place in August 2008 then in 2007.
Macedonia: Despite MAT being banned from Greece, causing a large decrease in charter operations, Macedonia is recording a big improvement compared to last year over all months. August was particularly successful this year when there were 645 departures compared to 527 in August 07, 643 arrivals compared to 527 the same time last year and in August there were a total of 16.107 overflies compared to 14.385 last year.
Serbia and Montenegro: Serbia controls Montenegro’s airspace until further notice and as a result all data is combined with no separated information available. Similarly Belgium takes care of Luxembourg’s airspace. Nevertheless Serbia and Montenegro are recording the largest increase in operations. In August 2008 there were 3.479 departures compared to last year’s 2.787, 3.492 arrivals compared to 2.800 and 50.285 overflies compared to 42.687 in August 2007. The increase in overflies can be thanked to Serbia’s ideal geographical location. The largest increase in passenger operations was seen in May 2008 which can be largely thanked to the Eurovision Song Contest that was held in Belgrade seeing an increase in air traffic.
Slovenia: Slovenia is also seeing an increase in operations particularly in January and February. In August 2008 Slovenia saw 2.054 departures, 2.057 arrivals and 31.134 overflies. This compared to August 2007 when there were 1.930 departures and 1.970 arrivals. However Slovenia has seen a slight decrease this year in overflies when compared to 2007. In August 2007 Slovenia has a total of 31.253 overflies.
When all data is calculated the leading countries in August 2008 are:
1. Serbia and Montenegro
4. Bosnia and Herzegovina
Monday, September 29, 2008
After an agreement with DynCorp, signed in 2006, which was employed to build the new terminal failed, the CEO of Belgrade’s Airport is hoping that whenever a new company is found it will already be a cargo centre operator. Meanwhile the CEO announced that the construction of a third terminal would commence in 2010.
Sunday, September 28, 2008
The Ministry of Economy said in June that the starting price for Jat would be EUR 150 million for 100% of its shares. However, by July 31, when the tender was at last called, the minimal price for a 51 percent stake was set at EUR 51 million. This price was determined on the basis of the data submitted by the company itself, with no independent auditing. The union now blames the world economic crisis and the state's irresponsible behaviour for the drop in the value of Jat Airways. It states that the airline should have be put on sale as planned late last year and early last year when there were strong contenders for the purchase.
The Ministry of Economy promised that if the tender was unsuccessful it would give Jat a financial injection to purchase new aircraft and would wait at least a year until putting the airline on sale again. Meanwhile it is expected that in a few weeks a new CEO will be named by the government ending Vlaisavljević’s one year as head of Serbia’s national airline, having had many critics. Meanwhile the sale for Jat Tehnika looks much better with 4 companies buying tender documentation. Three of these are known the the public while the fourth, still unknown, is now widely speculated to be Boeing following the meeting between the company and Serbia’s heads of state in New York a few days ago.
Saturday, September 27, 2008
Friday, September 26, 2008
Thursday, September 25, 2008
Alitalia operates flights from Milan to Belgrade however the airline is already bankrupt and could lose its license to fly in a matter of days, giving Jat Airways an opportunity to capitalise on its new destination. Jat already operates flights to Rome and Trieste in Italy although Rome was planned to be cut from Jat’s network it has now been decided for it to stay until firther notice.. For now, Milan will be the only newly introduced service in the winter 2008/09 schedule together with Thessaloniki which has been in operation since summer and will continue through winter. All changes to Jat’s winter schedule can be read here.
Wednesday, September 24, 2008
There have been documentation problems with the bid from the Islamic Bank and it is now being considered not allow the bid to be accepted as a result. The Bosnian Privatisation Agency is now determining who has sent in the best offer and this should be revealed on September 29 after which formal talks between the winning bidding company and the Bosnian government will commence with the deal to be finalised in late October. The new owner which will control 49% of the airline will be required to keep the name of the company, its seat in Sarajevo and purchase at least one aircraft with a minimum 100 seat capacity.
Tuesday, September 23, 2008
Monday, September 22, 2008
Jat will after many years cease flights to the Albanian capital Tirana. Flight JU412 was operated using an ATR72 twice a week. Another line operated for many years, Malta (Luqa) will also cease and effectively flights to Tripoli will end which were operated via Malta. Flight JU454 to Tripoli via Malta was operated twice a week using a Boeing 737-300. Jat will not return to Oslo this winter. Flight JU394 to the Norwegian capital was operated twice a week however was only planned as a summer destination and was not expected to return to the schedule in the winter. Finally Jat will also farewell another city in Scandinavia - Goteborg will no longer be served.
Jat will also no longer fly to Prague and Munich. These flights will not be pulled out of Jat’s scheduling. It will be operated by partner airlines ČSA and Lufthansa in a strong codeshare collaboration agreement where the flights will be treated as if operated by Jat. Belgrade – Prague JU8170 will be operated with a B737-500, Belgrade - Munich JU8344 will be operated using an Avro RJ85.
The new addition to this year’s winter schedule will be Thessaloniki which was originally planned to be operated only as summer destination however it will continue throughout the winter. Jat Airways will, despite earlier financial troubles, commence flights to a new destination from October 26 to Milano Malpensa Airport. The destination which was just added into the reservation system will be operated using an ATR72. Flight JU416 will be operated three times a week on Tuesday, Friday and Sunday. The flights on Tuesday and Sunday will depart from Belgrade at 13.10 while they will return from Milano at 16.25. Friday will provide a morning flight for passengers, departing Belgrade’s Nikola Tesla Airport at 8.30 and departing back to Belgrade at 11.45. The price of tickets will range from 99 to 259 Euros. All other destinations operated by Jat Airways, including Dubai, Larnaca, western European destinations, Moscow and North African destinations will continue throughout the year. All destinations within the EX-YU will remain in the schedule (Podgorica, Tivat, Sarajevo, Banja Luka, Ljubljana and Skopje).
Any related updates will be posted. Any question our readers might have regarding the new schedule can be posted by using the “comments” option or contacting us using our e-mail address. Soon Croatia Airlines’ 2008/09 winter schedule will be published on the blog.
Sunday, September 21, 2008
Saturday, September 20, 2008
Based on the list price for the Q400 NextGen aircraft, the value of the order announced today is approximately $57 million US. The value could increase to $180 million US if all four options are exercised. "The Q400 aircraft is at the very top of the global airline industry in terms of flight specifications, technological achievements and cost-effectiveness, said Ivan Misetic, President and Chief Executive Officer, Croatia Airlines. "We are convinced that by acquiring these aircraft, Croatia Airlines will reaffirm its position as a regional leader in Southeast Europe, besides contributing to connecting Croatia with the world and expanding the Croatian economy". "We are delighted that Croatia Airlines has placed an order for Q400 NextGen airliners so soon after the delivery of its first two Q400 aircraft earlier this year," said Gary R. Scott, president of Bombardier Commercial Aircraft. "It's a solid vote of confidence in these aircraft and we look forward to helping Croatia Airlines build a stronger presence in Europe".
Friday, September 19, 2008
Some media have also started questioning if yesterday’s announcement of cost cutting measures is genuine and have actually been introduced to decrease costs. They suggest that Jat’s management is actually preparing the airline for an unsuccessful privatisation and that way it will be able to fire as many as 800 people under the explanation it is due to the financial state of the airline. Further adding to the argument is an announcement less than a month ago from Jat’s CEO that the airline will have a healthy profit by the end of December 2008.
Thursday, September 18, 2008
EMPLOYEES: More than half of Jat’s employees working in the airline’s offices outside the country have been returned back to the airline’s headquarters in Belgrade. Many offices have been closed with official Jat ticketing agents only staying open only at airports. Jat has a unique network of worldwide offices including Toronto, New York, Chicago, Beijing and Sydney. The office in Dubai recently closed its doors and all sales have been left to Jat’s station manager at the airport. Employees got even worse news today when it was announced that 800 people will lose their jobs which would bring Jat down to 1.000 employees. On top of this employees, including the airline’s CEO and directors will get a 15% pay cut starting October.
FLEET: From October 25, 2008 (when the winter season begins) Jat will ground many of its aircraft in order to reduce costs. Jat will operate with a fleet of 9 aircraft – 6 Boeing 737-300’s and 3 ATR72’s. Jat currently operates with a fleet of 16 aircraft (10 B737-300’s, 5 ATR-72’s and 1 B737-400).
Note: Soon the blog will publish Jat’s new winter schedule and all the changes that will come with it. This will be followed by all the other national airlines from the EX-YU region.
Wednesday, September 17, 2008
Last June, Embraer delivered the first E195 jet to Montenegro Airlines through a leasing operation carried out by GE Commercial Aviation Services. This leasing contract includes another aircraft of the same model for delivery next year that will increase the airline's fleet to three Embraer 195s by mid 2009. Andrija Lompar, the Minister of Transport, maritime affairs and telecommunications of the Republic of Montenegro, stated, "Next year, with three new Embraer E-Jets in the fleet of this national airline, it will continue the expected passenger growth trend, entering new markets and introducing more destinations, thus making a quality contribution to economic development". The Embraer 195 is the largest and newest aircraft of the modern four- member Embraer 170/190 family of E-Jets, and entered revenue service in September 2006. In June 2008, the E-Jets had logged 847 firm orders and 827 options. Today, over 400 aircraft in operation have surpassed 1.5 million flight hours.
Tuesday, September 16, 2008
Meanwhile Macedonian Airports (the handling and operational company of Skopje and Ohrid airport) will stop providing services to the national carrier MAT until that company fulfils its current obligations towards Macedonian Airports. MAT currently owes the company a total of 42.028.109 Macedonian denars (MKD) which is approximately 682.700 Euros. Several judicial proceedings against MAT are currently in progress. MAT has in the past been in trouble for not satisfying agreements with Jat Airways (dispute with Boeing 737 lease) and Embraer (dispute with new aircraft delivered which was later seized by Embraer).
Monday, September 15, 2008
The current capacity of Belgrade’s Airport is larger than presently needed. The reconstructed Terminal 2 has a capacity of 5 million passengers. Check-in on average lasts 3 minutes per passenger. The airport has improved services by recently introducing E-check in, new television flat screens with flight information, new air conditioning system, greater parking capacity, the taxi system has been regulated and new duty free shops have been opened. The airport has 2 terminals and is used by 19 scheduled airlines although it is expected this will rise to 20 in November with news that Italy’s Air One is holding talks on commencing new services. The airport is also served by a few cargo airlines and is the largest in the EX-YU region.
Sunday, September 14, 2008
The positive financial result comes as the airline transported 907.761 passengers in the first 8 months of the year. Adria is hoping for good financial results as next year expenditure will rise with the airline forced to redirect some of its flights from Ljubljana to Maribor due to an airport construction project which means Adria will have to provide free transportation between the two cities.
Saturday, September 13, 2008
The Montenegro Airlines board as well as the government are holding talks about a possible purchase of another Embraer 195 jet. Talks should conclude next week and a new order is imminent. This would mean that during the 2009 summer season Montenegro Airlines will have three Embraer aircraft in its fleet, with one already in operation and a second one arriving in May next year. Therefore the MGX fleet would consist of 3 Embraer aircraft and 5 Fokker 100’s.
Friday, September 12, 2008
Meanwhile Adria has revealed a temporary promotional livery on one of its CRJ200’s, registration S5-AAF (as pictured above). The jet is promoting the Mini car.
Thursday, September 11, 2008
Wednesday, September 10, 2008
In Croatia Airlines, the management states that there was no fire and that there was no emergency landing. The management claims that the pilot noticed on his instruments that the temperature of the fuel was higher than normal and decided to return the aircraft back to Zagreb a few minutes after departure. The aircraft which was transporting passengers from Zagreb to Zadar had 33 passengers onboard and the management is persistent in highlighting that none of the passengers were in danger. Croatia Airlines currently has 2 Dash Bombardiers which arrived this year and a further 2 will arrive next year in order to replace the aging ATR42’s. One of Croatia’s Dash 8’s has already experienced mechanical problems this year. Croatian media have criticised the national carrier for purchasing the “unreliable” aircraft referencing the fact that Scandinavian Airlines (SAS) withdrew the aircraft model from its fleet after the much publicised incident in Copenhagen in 2007.
Tuesday, September 9, 2008
Monday, September 8, 2008
The Turkish company will also build a new cargo centre at Štip Airport located in Eastern Macedonia. It is planed for Štip to become an alternative airport for public use with the chance for it to become the main airport in Macedonia. At Štip Airport a new runway, 2 hangers for cargo and hangers for aircraft will be built. At Macedonia’s main airport, Alexander the Great, in Skopje, TAB plans to build a new airport terminal, parking spaces, extend the existing runway so the airport could have the capacity to serve aircraft of all types, install a new navigation ground system, build a new cargo terminal and build a new fire prevention centre. Meanwhile at Ohrid Airport TAB plans to reconstruct the parking, renovate the cargo terminal and administrations building and will install new systems so the airport can be brought up to world standards.
Saturday, September 6, 2008
Jat Airways just recently transported its millionth passenger for the year. August is the busiest month in Jat’s calendar.
Friday, September 5, 2008
In August, Adria completed its successful season of charter flights as it carried 13% more passengers than planned. Adria's summer charter services covered 24 Greek islands, the Spanish islands and destinations in North Africa (Sharm el Sheikh, Hurghada and Tunis). Amongst the national airlines in the EX-YU region Adria comes in third after Croatia Airlines and Jat Airways.
Thursday, September 4, 2008
The privatisation of Montenegro Airlines will be conducted in three stages, first being the selloff of 5% of shares, second being recapitalization and the third one being the selling of a majority share-package. “The 5% of shares, which will be sold at the market, are ‘a test balloon’, which will be used to estimate the value of the company’s shares. This experience would serve as the basis for the company’s recapitalization, for which the EBRD has expressed interest”, said an official in the ministry of transportation. EBRD is also interested in the privatisation of companies “Aerodromi Crne Gore” (Airports of Montenegro) and “Luka Bar” (Port of Bar), which are also to be restructured and privatized in the near future.
Montenegro Airlines is the only airline in Montenegro. 99.97% of the company is owned by the state. With recapitalization, EBRD would become the owner of, at most, one third of the airline’s property. Montenegro Airlines recently purchased a new Embraer aircraft, the first one in its fleet of Fokker’s.
Jat faces privatisation this year which could potentially fail due to low interest, according to Serbian media. More detail on the bidding airlines will be known in late September while the final list will be announced in October. If the privatisation fails the government has promised it will invest into Jat, particularly in the purchase of new aircraft, and will not put the airline on sale in the near future.
Wednesday, September 3, 2008
Monday, September 1, 2008
Jat Tehnika is 100% owned by the Government of the Republic of Serbia. Tehnika has hangers at Belgrade Nikola Tesla Airport with a capacity to service 100 aircraft per year. In 2007 it had a profit of 22 million Euros while it is expected it will have a profit of 45 million by the end of this year with Jat Tehnika servicing jets from ČSA, Transaero, Jet2.com, Jat Airways and many others. The company employs 1.000 people while the company’s purchase price is estimated at 100 to 200 million Euros. The four companies have until September 26 to send in their offers.