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Singapore Airlines recently took delivery of its 34th Boeing 747-400, making it the largest 747-400 operator in the world. SIA has 29 747-400s still on order, including three 747-400F freighters. All are powered by Pratt & Whitney PW4056s. (Boeing)
Airline Affairs
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Fac Record Profit
The Federal Airports Corporation (FAC) has returned a record $128.3m operating profit in the 1993/94 financial year, a 36.5% increase over the previous 12 months. The after tax and abnormals figure is $68.2m, nearly double the previous year’s result. As would be expected, the biggest operating profits came from the four major airports: Sydney (up 9.8% to $68.7m), Melbourne (up 18.7% to $52.3m), Brisbane (up 16.7% to $43.5m) and Perth (up 33.1% to $18.0m). All but one of the FAC’s 22 airports improved their financial performance during the year with Sydney’s Bankstown Airport returning a profit for the first time, largely as a result of non-aeronautical property developments at the site. Twelve of the FAC’s airports are now profitable, up from just six in 1988 when the Corporation came into existence. Other highlights of the result include a 10.5% increase in revenue to $505.4m coupled with costs rising by only 5.8%; capital expenditure increased slightly to $244.4m; and total passenger traffic was up by 8.2% to 54.1 million (42.7 million domestic and 11.4 million international). Commercial trading at the airports provided the greatest source of revenue growth (13.2%); the number of retail outlets grew by 8.7% to 200; staff numbers reduced by 5.3%; and revenue per employee grew by 16.7%. Singapore Airlines recently took delivery of its 34th Boeing 747-400, making it the largest 747-400 operator in the world. SIA has 29 747-400s still on order, including three 747-400F freighters. All are powered by Pratt & Whitney PW4056s. (Boeing)
146s For Ba?
British Airways is looking to acquire up to 18 BAe 146 regional jet airliners for use on some European routes as noise regulations begin to have an effect on operations. An example is provided by the Birmingham/Zurich route, on which the airline will have to stop flying Stage 2 Boeing 737-200s this northern winter. BA currently operates 18 737-200s into Europe from Birmingham, Glasgow and Manchester and the plan is to replace these on a one-for-one basis with Stage 3 compliant aircraft, probably 146s. Acquiring another type has not as yet been ruled out, nor has hushkitting the 737-200s. While BAe’s Asset Management Organisation (AMO) has placed large numbers of secondhand 146s with operators over the last year or so, 18 146-200s formerly operated by USAir remain stored in California’s Mojave Desert and are available for use. Although this is the required number, it is understood that BA wants only nine -200s along with a similar number of larger -300s, although the immediate requirement is for six of the smaller model. Few, if any -300s are currently available, AMO saying that all passenger-configured aircraft in its portfolio are leased out until March next year when two Crossair aircraft will be returned. As a shareholder in USAir, there are advantages in BA reactivating the stored 146s as this would generate revenue from a currently dormant asset.
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