//
archives

Commercial Aircraft

This category contains 3 posts

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.

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.

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

SUMMARY: Farnborough International Airshow 2018

Read my regular Articles and Posts on LinkednIN:  https://www.linkedin.com/in/tomas-chlumecky-3200a021/       Farnborough Airshow wrap-up    The Farnborough 2018 Airshow was stolen by freighter orders, proving to many that the air cargo market is restoring to strength. We could therefore argue that Farnborough 2018 further shows that carriers such as Emirates (as one major example) … Continue reading