ATSB investigating loss of separation between Jetstar A320 and Malaysia AirAsia X A330 near Gold Coast Airport

ATSB logo. (ATSB)

The Australian Transport Safety Bureau (ATSB) has confirmed it is investigating the circumstances where a Jetstar Airbus A320 and Malaysia AirAsia X A330 managed to fly too close to each other near Gold Coast Airport.

The incident, which took place about six kilometres north of Gold Coast Airport on July 21, involved an inbound Jetstar A320, VH-VFO, from Melbourne (Avalon) and an AirAsia X A330-300, 9M-XXS, departing for Auckland.

The ATSB said in a short message on its website said the flightpaths of the two aircraft led to a loss of separation, and both aircraft received a traffic collision avoidance system (TCAS) alert. As a result, the Jetstar A320 conducted a climb to increase separation.

“While these aircraft came closer than normal separation standards there was no risk of collision as the systems and the aircraft crews manoeuvred to avoid any further conflict,” the ATSB statement said.

“At this stage the details of the occurrence are yet to be verified and are limited to the notifications provided by Airservices Australia, Jetstar and Air Asia X.

“As part of this investigation, the ATSB will obtain air traffic control radar and audio information, interview the involved air traffic controllers and flight crews, and gather additional information.”

The ATSB said it would publish an update on the matter within the next few weeks, while the investigation was expected to be completed by June 2017.

Jetstar said in a statement on its website the pilots of flight JQ630 from Melbourne (Avalon) to the Gold Coast had taken “corrective action to restore the safe distance between the two aircraft”, adding that the flight landed without further incident.

“Our crew did a fantastic job and responded to the situation as they are trained to do. At all times they followed the instructions of air traffic control,” Jetstar said.

The Jetstar A320 was configured with 180 seats, while Malaysia AirAsia X’s A330s have 377 seats.

 

Australian Aviation

Singapore Airlines posts big lift in quarterly profit, flags challenging outlook

Singapore Airlines Airbus A380 9V-SKH departing Auckland Airport on October 31 2015. (Mike Millett)

Singapore Airlines (SIA) says it faces difficult times ahead as competition from regional rivals and a glut of extra seats in key markets puts downwards pressure on yields and offsets the benefit of lower fuel prices.

While the Virgin Australia shareholder and alliance partner reported a big lift in profitability for the three months to June 30 2016, SIA warned of a challenging outlook amid economic weakness and geopolitical concerns.

“Competition remains intense with aggressive capacity injection, and yields will continue to remain under pressure,” SIA said in a regulatory filing to the Singapore Exchange on Thursday afternoon.

“Yields will be further diluted if key revenue-generating currencies depreciate against the Singapore dollar.”

Net profit for first quarter of SIA’s financial year came in at S$257 million, up from S$91.2 million in the prior corresponding period.

The result was boosted by the divestment of a stake in an engineering business and achieved despite a decline in revenue, which fell 2.1 per cent to S$3.65 billion.

Meanwhile, operating profit was S$193 million, compared with S$111 million a year earlier.

SIA, and others, have been battling the ongoing rise of Middle East carriers offering long-haul to long-haul connections through their hubs and the rapid international expansion of Chinese airlines in recent times, which have eaten into previously lucrative markets. And in Asia, low-cost carriers have won passengers happy to pay lower fares for a no-frills product on short- and medium-haul routes.

All of SIA’s airline businesses – Singapore Airlines, Silkair, Scoot and Tigerair – recorded an improvement in operating profit, as net fuel costs fell S$357 million in the quarter thanks to a 28 per cent decline in the average price of jet fuel.

Despite the lower cost of jet fuel, yields – an industry term measuring revenue per passenger per kilometre – were weaker as capacity growth outpaced market demand.

At Singapore Airlines, yields touched a multi-year low of 10.3 cents, a decline of 3.7 per cent from 10.7 cents in the prior year, while they were down 8.2 per cent at regional wing Silkair and 3.8 per cent weaker at long-haul budget operation Scoot.

Yields for Tigerair Singapore were not disclosed.

SIA’s cargo unit was also under pressure, suffering a deterioration in revenue and operating profit in the first quarter amid a soft freight market and economic uncertainty in Europe and China.

“Cargo yields are expected to remain under pressure as overcapacity persists in the industry,” SIA said.

The company said it booked a S$41 million loss from its shareholding in Virgin Australia, which on Thursday reported a A$228.4 million statutory loss for the three months to June 30 2016.

In terms of the fleet, SIA said it expected to take delivery of eight more A350-900s over the next nine months, which would bring to 11 the total number of the type in the fleet. SIA has 67 A350s on order.

The next generation widebody has been used to open up a new nonstop flights to Dusseldorf, which kicked off earlier in July, as well as launch an ultra long haul offering from Singapore to San Francisco starting in October.

“These more fuel efficient aircraft will offer new opportunities to grow long haul operations and further strengthen the Singapore hub,” SIA said.

Australian Aviation

Lockheed Martin hands over RAN’s final Romeo

The Royal Australian Navy accepts the 24th, and final, MH-60R SEAHAWK(R) helicopter from Lockheed Martin in Owego, N.Y. (PRNewsFoto/Lockheed Martin)

Lockheed Martin handed over the 24th and final MH-60R Seahawk for the Royal Australian Navy on July 27.

Seahawk ‘Romeo’ N48-024 was delivered to the US Navy, which is managing the Foreign Military Sales (FMS) acquisition for the RAN, during an official ceremony at Lockheed Martin’s Owego, New York facility attended by officials from the Naval Air Systems Command (NAVAIR), the RAN and the Australian Embassy, as well as representatives from Sikorsky and Lockheed Martin.

“In late 2010, the Australian Government had not yet made a decision to acquire the Romeo, and yet here we are in mid-2016 accepting the 24th, and final, aircraft,” said Commodore Scott Lockey, Director General Navy Aviation Systems.

“The Royal Australian Navy has formed the first three embarked flights, conducted the first Hellfire missile shoot and conducted a highly successful ‘DIPEX’ against a Collins class submarine. None of this would have been possible without the professional work conducted by everyone at Lockheed Martin involved in the Romeo program.

“The work done here at Owego has been of the highest quality and directly contributed to the most successful helicopter acquisition program undertaken by the Australian Defence Force.”

Delivered on budget and ahead of schedule, N48-024’s formal delivery concludes the first MH-60R international sale. 

The ADF selected the Romeo as its multi-role naval combat helicopter in June 2011 and saw its first MH-60R Seahawk roll off a RAAF C-17 on delivery to HMAS Abatross, Nowra in mid-October 2014.

“Although today is significant in marking the last Seahawk delivery to the Royal Australian Navy, it also signifies a great opportunity to continue and grow our collaboration in advanced maritime operations,” said Captain Craig Grubb, the US Navy’s H-60 Multi-Mission Helicopter program manager. 

“I’m proud of the team’s accomplishments and look forward to our continued partnership with the RAN.”

N48-024 is anticipated to arrive at Nowra during August.

Australian Aviation

Restructuring charges push Virgin Australia to $224 million 2015/16 full year loss

VIRGIN AUSTRALIA AIRCRAFT SYD APR15 RF 5K5A1324

One-off charges thanks to cost-cutting and fleet-reduction efforts have pushed Virgin Australia to a $224.7 million statutory loss for 2015/16.

While the airline group’s financial performance for the 12 months to June 30 2016 was down from the statutory loss of $93.8 million in the prior year, the result includes between $410 million and $450 million in one-off charges that were previously disclosed on July 6.

Virgin said in a trading update on Thursday underlying profit before tax, which does not include one-off charges and was regarded as the best indication of financial performance, came in at $41 million for 2015/16.

The result was a turnaround from an underlying loss of $49 million in the prior year and within previously issued guidance of a result between $30 million and $60 million.

Virgin chief executive John Borghetti said the airline group managed to improve its underlying performance, grow passenger numbers and lift load factors amid a “challenging operating environment” in the fourth quarter.

“During the quarter, the group took action in response to operating conditions through strategic capacity reductions in line with demand,” Borghetti said in a statement.

As part of efforts to improve its balance sheet and reduce costs, Virgin is withdrawing all 18 Embraer E190 jets and between four and six ATR 72 turboprops over the next three years.

The airline group’s low-cost unit Tigerair Australia will also transition from an all-Airbus A320 fleet to the Boeing 737 during that time.

Moreover, the company was targeting improving operating efficiencies in crew and ground operations, as well as in maintenance, engineering, procurement and its supply chain.

Virgin’s traffic figures showed the airline reduced domestic capacity, measured by available seat kilometres (ASK), by two per cent in the fourth quarter in line with consumer demand, while revenue passenger kilometres (RPK) was up 5.8 per cent. As a result, load factors rose 5.8 percentage points to 78.5 per cent.

The airline’s domestic network carried 4.28 million passengers in the fourth quarter, up 4.6 per cent from the prior corresponding period.

There was also an improvement at Tigerair Australia, where 23.7 per cent growth in ASKs was more than matched by passenger demand, with RPKs up 28.7 per cent. As a result, load factors were up 3.3 percentage points to 85.6 per cent. The low-cost carrier carried more than one million passengers in the fourth quarter, up 15.4 per cent from the prior corresponding period.

Macquarie Securities analysts Sam Dobson and Pete Vanns said Virgin’s capacity reductions reflected a “rational response to demand weakness”.

Further, the analysts said in a research note dated July 28 the improvement in load factors highlighted a “rational, demand-led approach to capacity management”.

“While no unit revenue information was provided, we expect this contraction in capacity and boost in load factors will benefit domestic RASK (revenue per available seat kilometre),” the Macquarie analysts said.

Restructuring charges related to its cost-cutting and fleet reduction initiatives also pushed Virgin to a $228.4 million statutory loss for the fourth quarter of 2015/16, compared with a statutory loss of $17.8 million in 2014/15.

Virgin said the fourth quarter result was “impacted by previously announced charges from efficiency activities and the Better Business program, which will deliver significant, sustainable savings going forward”.

“The group is targeting net free cash flow savings increasing to $300 million per annum (annualised run rate) by the end of the 2019 financial year through the Better Business program,” Virgin said.

“In addition, the group’s existing efficiency initiatives will have delivered over $1.2 billion in cumulative cost savings by the end of the 2017 financial year.”

The airline reported an underlying loss before tax of $21.9 million for the three months to June 30 2016, up from an underlying loss of $36.9 million in the prior corresponding period.

Virgin will release its full 2015/16 financial results on August 5, but reports quarterly in line with one of its major shareholders, Singapore Airlines (SIA).

SIA, which accounts for Virgin’s financial performance in its own quarterly reporting, was due to publish its latest results later on Thursday.

Virgin shares closed unchanged at 21.5 cents on Thursday.

 

Australian Aviation

Cobham secured gold miner Doray as new fly-in/fly-out client

File image of a Cobham Aviation BAe 146. (Cobham Aviation)

Cobham Aviation Services has won a 12-month contract to fly Doray Minerals’ fly-in/fly-out workers to the gold miner’s Andy Well site in Western Australia.

The contract was due to start in early August and covered two flights a week with 81-seat BAe 146-200 jets, Cobham said in a statement on Thursday.

Cobham Aviation Services chief executive Peter Nottage said Doray was a new client for the charter and fly-in/fly-out provider.

“We’re delighted to be providing services between Perth and Meekatharra for them,” Nottage said in a statement.

“This award demonstrates our competitive offering and unique value proposition, despite current challenging market conditions.”

 

Australian Aviation

Aviation Australia, Airways New Zealand form new training centre

Aviation Australia CEO Bill Horrocks and Airways New Zealand Head of Training Sharon Cooke. (Aviation Australia/Airways New Zealand)

Training company Aviation Australia and air navigation services provider Airways New Zealand have formed a joint-venture to train new air traffic controllers.

The pair will open a new facility at Aviation Australia’s Brisbane training campus featuring total control radar and aerodrome simulators that will cater for international students, with Airways New Zealand to run ab-initio air traffic control courses.

The first students at the facility consisted of 24 men and women from the General Authority of Civil Aviation of Saudi Arabia (GACA), Aviation Australia and Airways New Zealand said in a joint-statement on Wednesday.

Airways New Zealand head of training Sharon Cooke said the partnership with Aviation Australia added to similar training partnerships in Dubai, Puerto Rico and China.

“Our track record in providing highly effective ATC training, combined with Aviation Australia’s wider educational portfolio, means this partnership is well placed for success,” Cooke said in a statement.

“Airways has a long history of providing training to GACA and has hosted its students in New Zealand for the past six years. We’re delighted that they will be the first students we host under this new venture in Australia.”

Aviation Australia was established by the Queensland Government in 2001 and trains avionics and mechanical technicians. Its chief executive Bill Horrocks said the joint-venture was one part of a Memorandum of Understanding (MOU) signed with Airways New Zealand.

“Aviation Australia is pleased to be working with Airways New Zealand on this important training programme and we are very proud of being able to partner with a great organisation such as Airways to deliver world-class ATC training,” Horrocks said.

Australia Aviation

Bovespa fecha em alta com noticiário corporativo e acumula ganho de 11,5% no mês

Notícia Publicada em 29/07/2016 17:17

Nesta sexta-feira, pregão subiu mais de 1%, na maior alta em quase 3 meses

Petrobras: destaque do pregão com venda de fatia do pré-sal (Alter Lego / photo on flickr)
Petrobras: destaque do pregão com venda de fatia do pré-sal (Alter Lego / photo on flickr)

SÃO PAULO – O principal índice da Bovespa fechou em alta de mais de 1 por cento nesta sexta-feira, na máxima em quase três meses, com as ações da Petrobras entre as maiores altas, após a estatal anunciar a venda de fatia em área no pré-sal por 2,5 bilhões de dólares.

O noticiário corporativo dominou as atenções no último pregão do mês, com um conjunto misto de resultados que, combinado com anúncios de revisão de estimativas, colocou Embraer e Ambev na ponta negativa e BRF e Raia Drogasil entre as maiores altas.

O Ibovespa subiu 1,13 por cento, para 57.308 pontos, maior nível de fechamento desde 5 de maio de 2015. O volume financeiro somou 8,5 bilhões de reais.

O Ibovespa avançou 0,54 por cento na semana, completando uma sequência de sete semanas seguidas de alta, maior série de valorização desde outubro de 2010. A última vez que o índice subiu mais do que sete semanas foi em 2009, quando contabilizou nove semanas de ganhos.

O índice valorizou-se 11,22 por cento em julho, elevando o ganho acumulado no ano a 32,2 por cento.

Na visão do gestor Eduardo Roche, da Canepa Asset Management, os dados sobre o crescimento mais fraco da economia norte-americana ajudaram a fortalecer a Bovespa à tarde, mas o destaque foi mesmo Petrobras, com anúncio de desinvestimento e virada do petróleo para alta ao longo do dia.

DESTAQUES

– PETROBRAS fechou com as ordinárias em alta de 5,02 por cento, a 14,01 reais, máxima desde o final de junho de 2015, e as preferenciais com ganho 3,76 por cento, após anunciar a venda de participação no bloco exploratório BM-S-8 para a Statoil Brasil Óleo e Gás, por um preço base de 2,5 bilhões de dólares. A Queiroz Galvão Exploração e Produção (QGEP), sócia da Petrobras no bloco, viu suas ações, que não estão no Ibovespa, dispararem 49 por cento.

– BRF subiu 6,47 por cento, após divulgação de resultado do trimestral considerado fraco, mas dentro do esperado, com analistas avaliando que o pior pode ter ficado para trás. A companhia de alimentos também disse que está vendo que o pior do ciclo negativo para o frango já passou, e que pode fazer novos aumentos de preços na segunda metade deste ano para recuperar rentabilidade no Brasil.

– RAIA DROGASIL valorizou-se 3,24 por cento, apoiada na repercussão positiva do balanço do segundo trimestre, bem como melhora na previsão de abertura de lojas.

– NATURA encerrou com alta de 11 por cento, a 33,30 reais, maior cotação de fechamento desde novembro de 2014, ainda na esteira do resultado do segundo trimestre, com sinais de melhora das vendas no Brasil. Além disso, o Credit Suisse elevou a recomendação para as ações a “neutra”.

– BRADESCO valorizou-se 3,13 por cento, puxando os ganhos do setor bancário, após forte queda na véspera, enquanto o ITAÚ UNIBANCO que subiu 1,84 por cento. BANCO DO BRASIL e SANTANDER BRASIL ganharam 1,84 e 2,57 por cento, respectivamente.

– EMBRAER derreteu 15,45 por cento, pior desempenho do Ibovespa, em dia de giro elevado, para 14,83 reais. Foi a maior queda diária para a ação desde setembro de 2001 e menor cotação de fechamento desde janeiro de 2013. As ações foram pressionadas por resultado trimestral fraco, corte na projeção sobre entregas de aeronaves e provisão ligada a investigações nos EUA. Também pesaram o corte na recomendação dos seus ADRs para “neutra” pelo BTG Pactual e a queda do dólar ante o real.

– FIBRIA recuou 4,30 por cento, para 19,79 reais, menor preço de fechamento desde julho de 2014, capitaneando as perdas no setor de papel e celulose, na esteira do recuo do dólar frente ao real.

– AMBEV caiu 3,29 por cento, após queda no lucro do segundo trimestre e corte na previsão de receita no Brasil.

– VALE encerrou com as ações ordinárias em baixa de 2,84 por cento, enquanto e as preferenciais subiram 0,33 por cento, em sessão negativa para os preços do minério de ferro à vista na China.

– SULAMÉRICA, que não está no Ibovespa, disparou 17,60 por cento, após resultado no segundo trimestre, quando as receitas operacionais cresceram 6,9 por cento, para 4,1 bilhões de reais. As units da seguradora foram favorecidas ainda por melhora na recomendação pelo BTG Pactual.

(Por Paula Arend Laier)

 

O Financista