Styling itself as “Africa’s first pan-African low-cost carrier,” Fastjet certainly looks like an airline in a hurry. Having opened its base in Dar es Salaam, Tanzania, only late last November, it now plans to launch operations in Kenya, Angola and Ghana this year, starting with five Airbus A319s it aims to acquire during the first six months of its expansion and 15 within a year. It also hopes to benefit from the wreckage of South Africa’s low-cost sector with its pending acquisition of defunct 1Time Airline.
Economy of the United Kingdom
A “comprehensive” plan unveiled Friday by International Airlines Group (IAG) to save its Iberia subsidiary from financial ruin calls for the company to cut 4,500 jobs, cut network capacity next year by 15 percent and eliminate 25 airplanes from the fleet.
The Royal Bank of Scotland Group has agreed to sell RBS Aviation Capital to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for some $7.3 billion, RBS announced today.
Stelios Haji-Ioannou, who established and whose family retains almost 40 percent of British low-cost carrier (LCC) EasyJet, has partnered with UK entrepreneurs wanting to buy aviation companies.
BP has sold its share in Epic Aviation to Dallas-based aviation fuel services provider Downstream Aviation. Epic, which operates as Air BP Aviation Services, supports the fuel and business needs of the approximately 400 branded FBOs in the Air BP network. BP and Downstream have entered into an exclusive brand and supply agreement whereby Epic will continue to provide general aviation fuels under the Air BP brand in the U.S. and Canada.
Mike Delk has announced his retirement following 40 years leading Air BP Aviation Services (Booth No. 7903). In a release issued by Air BP, he said he intends to remain involved in the industry, but that he would like to spend more time with his family. Delk’s father bought what was the Valley Oil Company of Salem, Ore., in 1944, and later switched from producing home heating oil to avgas.
President Obama’s 180-day moratorium on new permits for Gulf of Mexico deepwater drilling is beginning to pinch helicopter operators in the region.
Fuel provider Air BP is offering an online training program for FBOs in the company’s USGA dealer network. The training was developed by Air BP and Aerostudies of Edmonton, Canada. Courses are designed to train FBO line service and customer service employees, using graphics, real-world scenarios, testimonials and day-to-day situations that they might encounter.
Bristow Helicopters has taken delivery of all six Sikorsky S-92s it had on order. The 26,500-pound-mtow twins will fly to offshore oil and gas installations from Scatsta Airport in Shetland. The £70 million ($140 million) investment includes the helicopters, training, tools and equipment. The S-92 fleet will support the integrated aviation consortium, the partners of which are Shell, BP, CNR, BP and Petrofac.
At face value, Rolls-Royce’s recent establishment of new facilities in Singapore, the U.S. and Germany might be construed as the group’s snubbing its UK home and a possible indictment of successive British governments that some say have failed to nurture the country’s aerospace industry.