UNITED NEWS - JET AIRWAYS RETURN? | Aviation News

Hello, and welcome it’s only been afew days but I thought why not bring back the Aviation News if you willthat you’ve been enjoying throughout this week, today’s blog covers recent financialand quarterly results over at United Airlines, the reveal of a new A330neo and more! I begin today's proceedings though with the focus centering on the results recently posted over at United Airlines, with Delta being covered here on the blog I only saw it fitting that I gave Delta the spotlight as well to see how they’ve been tracking recently. United began their press release by notingthat their revenue performance, while down from the previous year due to the difficultenvironment will still see their revenue results better than their current competitors. They said that their total unit revenue is done 26%, with loyalty revenue being down 45%, cargo revenue is up, however, their passenger units revenue is down 47. United CEO Scott Kirby commented in the quarterlystatement saying Having successfully executed our initial crisis strategy, we're ready toturn the page on seven months that have been dedicated to developing and implementing extraordinaryand often painful measures, like furloughing 13,000 team members, to survive the worstfinancial crisis in aviation history. 

The airline further reported an adjusted net loss of US 2.4 billion. However, despite this its liquidity at thispoint is quite good with US 19.4 billion in liquidity at the end of the third quarter, this was helped through adjustments to their business overall and the leaseback of someof their aircraft that they deemed no longer required for their operations. Finally, Kirby added Even though the negativeimpact of COVID-19 will persist in the near term, we are now focused on positioning theairline for a strong recovery that will allow United to bring our furloughed employees backto work and emerge as the global leader in aviation. Uganda Airlines saw their absolutely stunningAirbus A330-800neo rolled out with their livery in the past week and as I discussed on myTwitter the livery is majestic but also reminds me a tad of Nandos, especially with the logocentred on the tail! The airline has noted that their first A330neowill be delivered to them in December of 2020 and will be deployed on services to the likesof Dubai, London, Mumbai, and Guangzhou, Now, that could very well be subject to changegiven the current global pandemic preventing international services from operating fortourism purposes. The airline only has an order for two of thea330-800neos and the order is quite a big one, especially as the -800neo has been the type which has been less favored by customers over time with questions arising of whether demand would truly ever pick up for the smaller A330neo. 

Their -800neos will be equipped with 3 classes including 20 passengers in business class, 28 in premium economy and 213 in economy class that's a total of 261 seats. Jet Airways were last talked about here on the channel in 2019 and they are seemingly coming back after well over a year of uncertainty and many people just assuming they were no more. The airline is an Indian one and went up against the likes of SpiceJet, Indigo, and Air India, however, competition from new low-cost airlines struggled to really get a grip on the market. A  consortium of investors won a bid last week to take over Jet Airways, by doing this they officially become the new owners of the airline. 

It’s a London based financial advisory and asset management firm. What’s been noted though widely is that the pair do not have exactly a background in aviation as the new owners include an Indian but UAE-based entrepreneur. They’ve said they’ll invest US 136 million in Jet Airways over the next 5 years in a bid to resurge the airline and help it move forward in the right direction. We don’t have much information on just how they'll move forward with aircraft but the board member did in an interview with CNBC-TV18say that they planned still on being a full-service airline but would initially restart their operations domestically.