DOCSLIB.ORG

Annual Report and Financial Statements for the Year Ended 31

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report and Financial Statements for the Year Ended 31 AnnualAnnual Report Report and and Financial Financial Statements Statements ForFor the the Year Year ended ended 31 31March March 2014 2014 DreamsDreams into into reality reality KQ Annual Report & Financial Statements 2014 1 Contents Performance Highlights 3 Board of Directors 6 Chairman’s Statement 12 Taarifa ya Mwenyekiti 17 Management Team 24 Chief Executive’s Statement 32 Taarifa ya Afisa Mkuu Mtendaji 45 Corporate Governance 58 Shareholding 61 Corporate Information 64 Directors’ Report 65 Statement of Directors’ Responsibilities 66 Independent Auditors’ Report 67 Consolidated Income Statement 68 Consolidated Statement of Comprehensive Income 69 Consolidated Statement of Financial Position 70 Company Statement of Financial Position 71 Consolidated Statement of Changes in Equity 72 Company Statement of Changes in Equity 73 Consolidated Statement of Cash Flows 74 Notes to the Financial Statements 75 2 KQ Annual Report & Financial Statements 2014 KQ Annual Report & Financial Statements 2014 3 Performance Highlights 4 KQ Annual Report & Financial Statements 2014 Performance Highlights KQ Annual Report & Financial Statements 2014 5 Performance Highlights Three Year Summary of Financial Highlights Financial Highlights The Group 2014 2013 2012 KShs. Million US$ Million KShs. Million US$ Million KShs. Million US$ Million Turnover Passenger 90,179 1,049.6 85,099 1,000.9 95,152 1,074.2 Freight & Mail 9,942 115.7 9,714 114.3 8,811 99.5 Handling 1,948 22.7 1,705 20.1 1,869 21.1 Other 3,941 45.9 2,342 27.5 2,065 23.3 Total 106,009 1,233.8 98,860 1,162.8 107,897 1,218.1 Direct costs (75,268) (876.0) (77,225) (908.3) (77,217) (871.7) Fleet ownership costs (12,490) (145.4) (11,178) (131.5) (9,970) (112.6) Overheads (20,972) (244.1) (18,643) (219.3) (19,404) (219.1) Restructuring costs - - (826) (9.7) - - Operating (loss) / profit (2,721) (31.7) (9,012) (106.0) 1,306 14.7 Operating Margin% -2.6% -9.1% 1.2% Net finance costs (1,601) (18.6) (486) (5.7) (1,097) (12.4) Fuel Hedge Derivative 972 11.3 602 7.1 2,467 27.9 Share of results of associate - - (230) (2.7) 238 2.7 Other costs (1,511) (17.59) (1,700) (20.0) (768) (8.7) (Loss)/profit before tax (4,861) (56.6) (10,826) (107.3) 2,146 24.2 Income tax credit /(expense) 1,479 17.2 2,962 34.8 (486) (5.5) (loss)/profit for the year (3,382) (39.4) (7,864) (72.5) 1,660 18.7 (Loss)/profit after tax margin% (3.2%) (8.0%) 1.5 Dividends - - - - 374 4.2 Operating Statistics 2014 2013 2012 Passengers 3,719,590 3,664,844 3,644,492 Revenue Passenger Kilometres (RPK’s-Millions) 9,309 9,579 9,943 Available Seat Kilometres (ASK’s - Millions) 14,188 13,937 13,875 Passenger Load Factor (%) 65.6 68.7 71.7 Cargo Tonnes 71,340 69,871 62,504 Pax yield/ RPK inc Fuel Surcharge (Usc) 10.47 9.81 9.90 Employees Airline 3,449 3,470 3,563 Group 3,989 4,006 4,834 Aircraft in Service at Year End Boeing 787-800 1 - - Boeing 777-300 1 - - Boeing 777-200 4 4 4 Boeing 767-300 6 6 5 Boeing 737-800 5 5 5 Boeing 737-700 4 4 4 Boeing 737-300 4 5 6 Embraer 190 15 12 4 Embraer 170 5 5 5 B747-400 Freighter 0 1 1 B737-300 Freighter 2 1 - Total 47 43 34 6 KQ Annual Report & Financial Statements 2014 Board of Directors STANDING FROM LEFT TO RIGHT: Alex Mbugua I Joseph Veenstra I Ayisi Makatiani I Joseph Nduva Muli Dr. Titus Naikuni I Evanson Mwaniki I Pieter Elbers I Vincent Rague Dinesh Kapila I Dr. Kamau Thugge I Amb. Dennis Awori I Ron Schipper KQ Annual Report & Financial Statements 2014 7 NOT IN THE PICTURE Catherine Musakali 8 KQ Annual Report & Financial Statements 2014 Board of Directors continued Evanson Mwaniki (75 years): Non Executive Chairman Mr. Mwaniki holds a Bachelor of Arts (Hons) from the University of London. He was the General Manager of Shell and BP between June 1989 and December 1994. Over this period Mr. Mwaniki’s notable achievements included turning around the company from a loss position in 1989 to profitability. He also led the oil industry negotiations with the Government of Kenya on liberalisation of the oil industry, leading to actual decontrol in October 1994, and prepared Kenya Shell & BP Kenya (including restructuring the organisation) for effective marketing in the new (liberalised) business environment. Mr. Mwaniki has represented the oil industry in various influential forums. These include the Federation of Kenya Employers and the East Africa Association. Mr. Mwaniki currently sits on the boards of various companies, including British American Tobacco Kenya (Non-Executive Chairman), East African Breweries Ltd, East African Packaging Industries Ltd and Lion of Kenya Insurance Company Ltd. On the corporate social responsibility side, Mr. Mwaniki has rendered long voluntary service in educational institutions including the Alliance High School where he served for many years as the Chairman of the Board of Governors and the Starehe Boys’ School where he currently serves on the Board of Trustees. Dr. Titus Naikuni (60 Years): Group Managing Director & Chief Executive Officer Dr. Naikuni holds a Bachelor of Science Honours Degree in Mechanical Engineering from the University of Nairobi. He is also a graduate of the Harvard Business School’s Programme for Management Development (PMD71) and was awarded a Doctor of Science Degree in Engineering by the Jomo Kenyatta University of Agriculture and Technology in 2008, an honorary award in recognition of his contribution to development. He joined the Magadi Soda Company in 1979 as a trainee engineer and rose to the position of Managing Director in 1995 and simultaneously served as Managing Director of the Magadi Railway Company (a subsidiary of Magadi Soda Company) in 1996. Between August 1999 and March 2001, Dr. Naikuni was a member of a team of World Bank sponsored Kenyan technocrats, known as the “Dream Team” who were engaged by President Moi to turn around the Kenyan economy. In this capacity Dr. Naikuni served as permanent secretary to the Ministry of Information, Transport and Communications and was a member of the Board of Kenya Airways during that period. He returned to Magadi Soda Company in April 2001 where he continued to serve as Managing Director of Magadi Soda and Magadi Railway Companies, a position he held up to his present appointment with Kenya Airways in February 2003. Dr. Naikuni received the COYA Manager of the Year Award from the Kenya Institute of Management in 2002. In 2009, during the 15th Aviation & Allied Business Leadership Conference in Addis Ababa, Ethiopia, Dr. Naikuni was awarded the 2009 Aviation & Allied Business Individual Achievement Award. In 2013, he received the ‘Airline Business Award’ during the Airline Strategy Awards 2013, which recognizes an individual who has made a lasting strategic contribution to the air transport business. Dr. Naikuni was recently recognized for his contribution to the aviation industry in Africa. He was awarded the Lifetime Achievement Award for Outstanding Services to African Aviation Development during the recently concluded African Aviation Summit 2014 in Addis Ababa, Ethiopia. The summit coincided with the 23rd annual Air Finance for Africa’ Conference & Exhibition. Alex Wainaina Mbugua (50 years): Group Finance Director Mr. Mbugua was appointed the Group Finance Director on 14th July 2008. He is an MBA graduate with specialization in Corporate Finance and a member of the Institute of Certified Public Accountants of Kenya. He is also an alumni of Harvard Business School having completed the Advanced Management Program (AMP 183) in October 2012. In the past 28 years, during his highly successful career, Mr. Mbugua has developed significant knowledge and expertise in the fields of finance, strategy, information technology and general management. As Group Finance Director, Mr. Mbugua has been responsible for and overseen certain key milestones for KQ, including chairing of the KQ Ten Year Strategic Planning committee for the development of “Project Mawingu” and presiding over the capital raising for the project. This included the high profile 2012 rights issue offer that raised net proceeds of KES 13.8 billion. Prior to his current position, Mr. Mbugua held the position of Chief Financial Officer of Africa Open Pit Mines, AngloGold Ashanti in Johannesburg. He also held board positions at AngloGold Holdings (UK) and also in 8 mining subsidiaries spread out in 5 African Countries. Other board positions have included Bain Hogg Ltd and Norfolk Holdings (K) Ltd together with KQ subsidiaries Kenya Airfreight Handling Ltd and JamboJet Ltd. KQ Annual Report & Financial Statements 2014 9 Board of Directors continued Dinesh Kapila (68 Years): Non-Executive Director Mr. Kapila is an advocate of the High Court of Kenya, Barrister-at-law, Lincolns’ Inn, England, a partner in D.V. Kapila & Company Advocates and a practitioner in corporate, commercial and conveyancing matters. He has been actively involved in the overall privatisation strategy in Kenya as a member of the Parastatal Reform Programme Committee of the Government of Kenya. He has been a member of the Attorney General’s Task Force formed for revising and updating laws relating to companies, partnerships, investments and insolvency. He has been a member of New Issues and Economic Rejuvenation Committees of the Nairobi Securities Exchange. He has attended the Harvard Business School’s executive program in corporate governance. He has assisted in the restructuring, commercialization, strategic investment and privatisation of Kenya Airways and was duly recognised by the World Bank for his exceptional contribution.
Load more

Recommended publications
  • Kenya Airways to Increase Flights to Bujumbura
    PRESS RELEASE Kenya Airways to increase flights to Bujumbura Nairobi, 7 May, 2019…. National Carrier, Kenya Airways is pleased to announce an additional daily direct service from Nairobi to Bujumbura, Burundi starting 8 May 2019. The new flight to be operated by Jambojet on a Bombardier Q400 will be a direct flight and is set to reduce waiting times and offer better connections to Kenya Airways growing European and new America service. Kenya Airways Group Managing Director & CEO Sebastian Mikosz said, “This increase to our local and regional Network is part of our strategic intent to expand our footprint across Africa.” The new daily afternoon service will operate between Nairobi and Bujumbura in addition to the current daily tagged morning flight that operates between Nairobi and Bujumbura on the Embraer 190. The additional direct flight to Bujumbura will increase travel and trade amongst East African Community (EAC) countries as the common market protocol is already in place. The protocol has paved way for free movement of labour, goods and services within the region. Route Dep (Local Time) Arr (Local Time) Aircraft Type Date Nairobi - Bujumbura 16:30 17:35 Bombardier Q400 08 May 19 Bujumbura - Nairobi 18:15 21:20 Bombardier Q400 Ends/……. About Kenya Airways Kenya Airways, a member of the Sky Team Alliance, is a leading African airline flying to 53 destinations worldwide, 43 of which are in Africa and carries over four million passengers annually. It continues to modernize its fleet with its 33 aircraft being some of the youngest in Africa. This includes its flagship B787 Dreamliner aircraft.
    [Show full text]
  • AFRAA Annual Report 2019
    IRLINES ASS A PAGNIES O OM AERI C 20N S C EN 19 E N I A D ES A N A T C IO F I T R I I O R IA C C A I N F O N S E S A S A ANNUAL AFRAA REPORT Amadeus Airline Platform Bringing SIMPLICITY to airlines You can follow us on: AmadeusITGroup amadeus.com/airlineplatform AFRAA Executive Committee (EXC) Members 2019 AIR MAURITIUS (MK) RWANDAIR (WB) PRESIDENT OF AFRAA CHAIRPERSON OF THE EXECUTIVE COMMITTEE Mr. Somas Appavou Ms. Yvonne Makolo Chief Executive Officer Chief Executive Officer CONGO AIRWAYS (8Z) KENYA AIRWAYS (KQ) CAMAIR-CO (QC) Mr. Desire Balazire Esono Mr. Sebastian Mikosz Mr. Louis Roger Njipendi Kouotou 1st Vice Chairman of the EXC 2nd Vice Chairman of the EXC Chief Executive Officer Chief Executive Officer Chief Executive Officer ROYAL AIR MAROC (AT) EGYPTAIR (MS) TUNISAIR (TU) Mr. Abdelhamid Addou Capt. Ahmed Adel Mr. Ilyes Mnakbi Chief Executive Officer Chairman & Chief Executive Officer Chief Executive Officer ETHIOPIAN AIRLINES (ET) AIR ZIMBABWE (UM) AIR NAMIBIA (SW) MAURITANIA AIRLINES (L6) Mr. Tewolde GebreMariam Mr. Joseph Makonise Mr. Xavier Masule Mrs. Amal Mint Maoulod Chief Executive Officer Chief Executive Officer Chief Executive Officer Chief Executive Officer ANNUAL REPORT 2019 I Foreword raffic growth in Africa has been consistently increasing since 2011. The demand for air passenger services remained strong in 2018 with a 6.9% year Ton year growth. Those good results were supported by the good global economic environment particularly in the first half of the year. Unlike passenger traffic, air freight demand recorded a very weak performance in 2018 compared to 2017.
    [Show full text]
  • Global Volatility Steadies the Climb
    WORLD AIRLINER CENSUS Global volatility steadies the climb Cirium Fleet Forecast’s latest outlook sees heady growth settling down to trend levels, with economic slowdown, rising oil prices and production rate challenges as factors Narrowbodies including A321neo will dominate deliveries over 2019-2038 Airbus DAN THISDELL & CHRIS SEYMOUR LONDON commercial jets and turboprops across most spiking above $100/barrel in mid-2014, the sectors has come down from a run of heady Brent Crude benchmark declined rapidly to a nybody who has been watching growth years, slowdown in this context should January 2016 low in the mid-$30s; the subse- the news for the past year cannot be read as a return to longer-term averages. In quent upturn peaked in the $80s a year ago. have missed some recurring head- other words, in commercial aviation, slow- Following a long dip during the second half Alines. In no particular order: US- down is still a long way from downturn. of 2018, oil has this year recovered to the China trade war, potential US-Iran hot war, And, Cirium observes, “a slowdown in high-$60s prevailing in July. US-Mexico trade tension, US-Europe trade growth rates should not be a surprise”. Eco- tension, interest rates rising, Chinese growth nomic indicators are showing “consistent de- RECESSION WORRIES stumbling, Europe facing populist backlash, cline” in all major regions, and the World What comes next is anybody’s guess, but it is longest economic recovery in history, US- Trade Organization’s global trade outlook is at worth noting that the sharp drop in prices that Canada commerce friction, bond and equity its weakest since 2010.
    [Show full text]
  • AIRLINES Monthly
    AIRLINES monthly OTP APRIL 2018 Contents GLOBAL AIRLINES GLOBAL RANKING Top and bottom Regional airlines Latin American EMEA ASPAC North America and Caribbean Notes: % On-Time is percentage of flights that depart or Update: Status coverage as of April 2018 will only be based arrive within 15 minutes of schedule. on actual gate times rather than estimated times. This may Source: OAG flightview. Any reuse, publication or distribution of result in some airlines/airports being excluded from this report data must be attributed to OAG flightview. report. Global OTP rankings are assigned to all airlines/ Global OTP rankings are assigned to all Airports airports where OAG has status coverage for at least 80% where OAG has status coverage for at least 80% of the of scheduled flights. If you would like to review your flight scheduled flights. status feed with OAG please [email protected] AIRLINE MONTHLY OTP – APRIL 2018 Global airlines – top and bottom BOTTOM AIRLINE ON-TIME TOP AIRLINE ON-TIME FLIGHTS On-time performance On-time performance FLIGHTS Airline Arrivals Rank Flights Rank Airline Arrivals Rank Flights Rank TW T'way Air 99.5% 1 3,419 138 3H Air Inuit 39.2% 153 1,460 212 HX Hong Kong Airlines 95.8% 2 3,144 141 SF Tassili Airlines 41.9% 152 424 291 SATA International-Azores JH Fuji Dream Airlines 95.1% 3 2,122 173 S4 47.0% 151 625 268 Airlines S.A. PM Canaryfly 94.0% 4 1,072 232 EE Regional Jet 52.2% 150 70 367 BT Air Baltic Corporation 92.9% 5 4,624 117 VC ViaAir 53.4% 149 297 319 RC Atlantic Airways Faroe Islands 92.1% 6 221 333 TP TAP Air Portugal 53.8% 148 11,263 59 HR Hahn Air 91.7% 7 14 377 Z2 Philippines AirAsia Inc.
    [Show full text]
  • Plastic Primary Industrial Packaging Clearance Register
    PLASTIC PRIMARY INDUSTRIAL PACKAGING CLEARANCE REGISTER NO APPLICANTS ADDRESS CATEGORY PRODUCT CATEGORY 1. PRIMA PLASTICS BOX 5626, NAIROBI USE PACKAGING OF PEOPLE DAILY INDUSTRIES LTD NEWSPAPERS 2. ALPHA FINE FOODS LTD BOX 10338-00100, USE PACKAGING OF MEAT & VEGETABLE NAIROBI PRODUCTS 3. FLAMINGO BOX 10222-00400, USE PACKAGING OF FLOWERS FOR EXPORT HORTICULTURE (K) LTD NAIROBI 4. SUN FLORITECH LIMITED BOX 1701-20117, USE PACKAGING OF FLOWERS FOR EXPORT NAIVASHA 5. UNGA FARM CARE (EA) BOX 41788-00100, USE FLOUR PACKAGING LTD NAIROBI 6. GOLDEN TULIP FARMS LTD BOX 107-20303, OL USE FLOWER EXPORT PACKAGING KALOU 7. FINLAYS BRUSHWARE LTD BOX 32039-00600, MANUFACTURE PACKAGING FOR COPPER CABLES, PAINT NAIROBI BRUSHES AND RUBBER PRODUCTS 8. VESTERGAARD FRANDSEN BOX 66889-00800 USE IMPORTED MOSQUITO NETS & WATER (EA) LTD PURIFIERS 9. KENCHIC LTD BOX 20052-00200 USE FOR PROCESSED CHICKEN PACKAGING 10. PATCO INDUSTRIES LTD BOX 44100-00100 MANUFACTURE PRIMARY INDUSTRIAL PACKAGING OF SWEETS 11. BINS (NAIROBI) SERVICES BOX 42766-00100 USE GARBAGE BIN LINERS LIMITED 12. HOUSE OF WAINE BOX 25035-00623 USE GARBAGE BIN LINERS 13. NOVA INDUSTRIES BOX 18510-00500 USE PRIMARY INDUSTRIAL PACKAGING OF LIMITED PESTICIDES, ,INSECTICIDES AND FUNGICIDES 14. GALAIYA FOODS KENYA BOX 43293-00100, USE PACKAGING OF VARIOUS FOODSTUFFS LTD NAIROBI E.G. SPICES & DATES 15. CASSINI AND TONOLO LTD BOX 14325-00800 IMPORTATION PCE PACKAGES SPARE PARTS FROM NAIROBI MANUFACTURERS 16. MUTHAIGA FINE MEAT BOX 63204-00619, USE PRIMARY INDUSTRIAL PACKAGING OF LTD NAIROBI MEAT PRODUCTS 17. MASTER MIND BOX 68144-00200, USE PACKING SAMPLES FOR EXPORT TOBACCO(K) LTD NAIROBI 18. CLASSIC POLO D’ZINER BOX 48287 NAIROBI IMPORTATION & PRIMARY INDUSTRIAL PACKAGING OF COLLECTIONS LTD USE GARMENTS 19.
    [Show full text]
  • The Journey Ahead Contents
    Annual Report & Financial Statements For the year ended www.kenya-airways.com 31 March 2015 The Journey Ahead Contents Performance highlights 3 Board of directors 6 Board of directors profiles 8 Chairman’s statement 12 Taarifa ya mwenyekiti 18 Management team 24 Management team profiles 26 Chief executive’s statement 32 Taarifa ya afisa mkuu mtendaji 44 Corporate governance 56 Principal shareholders 59 Corporate social responsibility (CSR) 60 Uwajibikaji wa shirika (CSR) 64 Directors and statutory information 69 Report of the directors 70 Statement of directors’ responsibilities 71 Report of the independent auditors 72 Consolidated statement of profit or loss and other comprehensive income 73 Consolidated statement of financial position 74 Company statement of financial position 76 Consolidated statement of changes in equity 78 Company statement of changes in equity 80 Consolidated statement of cash flows 81 Notes to the financial statements 82 Proxy form 141 Contents Performance highlights 3 Board of directors 6 Board of directors profiles 8 Chairman’s statement 12 Taarifa ya mwenyekiti 18 Management team 24 Management team profiles 26 Chief executive’s statement 32 Taarifa ya afisa mkuu mtendaji 44 Corporate governance 56 Principal shareholders 59 Corporate social responsibility (CSR) 60 Uwajibikaji wa shirika (CSR) 64 Directors and statutory information 69 Report of the directors 70 Statement of directors’ responsibilities 71 Report of the independent auditors 72 Consolidated statement of profit or loss and other comprehensive income 73 Consolidated statement of financial position 74 Company statement of financial position 76 Consolidated statement of changes in equity 78 Company statement of changes in equity 80 Consolidated statement of cash flows 81 Notes to the financial statements 82 1 OUR VISION: Be the Pride of Africa, by inspiring our people and delighting our guests consistently.
    [Show full text]
  • Copy of Aviation Africa 2020 Programme 26 January 2020
    Creating a sustainable future for Africa's aviation industry: Financially, operationally and environmentally - how Africa must adapt for tomorrow's world DAY ONE - 4th March 2020 09:30 - 10:10 COFFEE & EXHIBITION OPENS 10:00 - 10:10 Introduction Alan Peaford, Chairman, Aviation Africa (UK) 10:10 - 10:20 Official Welcome H. E. Mrs Dagmawit Moges, Minister of Transport, Federal Democratic Republic of Ethiopia 10:20 - 10:40 Keynote: Opening the doors for aviation strength across Africa Tefera Mekonnen Tefera, Secretary General, AFCAC (Sénégal) 10:40 - 11:00 Keynote: Changing priorities for aviation in Africa Raphael Kuuchi, Special Envoy, IATA (Kenya) 11:00 - 11:20 Keynote: Better skies for Africa -Outpacing global growth as African Abderahmane Berthé, Secretary General, AFRAA (Kenya) airlines evolve 11:20 - 11:40 Keynote: Spreading the load: Cargo market potential for African freight Sanjeev Gadhia, Vice-Chairman, TIACA (Kenya) 11:40 - 11:55 Keynote: Innovation in the air to improve African connectivity David Hansell, Head of Global Aviation Regulation and Policy, Loon LLC (USA) 11:55 - 12:15 Keynote: Where next for Ethiopia and its role in Africa's aviation world Col. Wosenyeleh Hunegnaw, Director General, Ethiopia Civil Aviation Authority (Ethiopia) 12:00 - 13:30 Lunch & tour of exhibition hall 13:30 - 14:00 One-on-One Ethiopian Airlines CEO, Ato Tewolde Gebremariam, in a frank and open armchair discussion on stage with Aviation Africa chairman, Alan Peaford 14:00 - 15:00 Leaders debate: Airline CEOs on the big issues facing aviation in
    [Show full text]
  • Growing's Africa's Lion Share of Trade
    Growing’s Africa’s Lion Share of Trade Session 2 2nd ICAO Meeting on Air Cargo Development in Africa June 27th Perishables, Oil & Gas, Mining, Garments – Manufacturing Moving 12% of the world's people - less than 1 per cent of the global air service market. (World Bank) Carriers Moving In Out of Africa • IAG Cargo - 27 per week to South Africa from both the London and Madrid. • Air France launched a flight between Accra and Paris • Emirates serves 24 destinations in Africa, 5 are specifically for cargo In Africa • 1970s -1980s - 36 African airlines (26 had intercontinental flights). Today, 12 African airlines with intercontinental operations. • East Africa - Kenya Airways and JamboJet flying to 12 routes out of the 22. • Bujumbura to Dar es Salaam – 6 hours to connect via Nairobi. At times 3 connections 13 hours Opportunity - Land Locked 18% is with other African countries (source: WTO) Intra-African trade costs are 50% with East Asia 16 out of 54 Countries • Goods bound for Uganda, Rwanda, and Burundi • Average of five days more (25 versus 20 days) in Dar Es Salaam port than domestically bound goods. (World Bank) Support on the Way Source: PwC Airport Infrastructure – Needs to Follow Suit 30% to 40% of all freight is transported with intermodal transportation Advancements Are Being Made • O. R. Tambo International Airport • 2016 - Processed 350 500 tons was about 10% down on the preceding year • Cargo Facilities - Already operating at close to capacity. “Airports Company needs to hear more from air cargo stakeholders about the particular kind of infrastructure” - Bongiwe Pityi – GM O.R Tambo International Airport Africa’s population is expected to more than double from 1.1 billion to 2.4 billion by 2050, the biggest increase of any continent.
    [Show full text]
  • Monthly OTP January 2019
    Monthly OTP January 2019 ON-TIME PERFORMANCE AIRLINES Contents On-Time is percentage of flights that depart or arrive within 15 minutes of schedule. Global OTP rankings are only assigned to all Airlines/Airports where OAG has status coverage for at least 80% of the scheduled flights. Regional Airlines Status coverage will only be based on actual gate times rather than estimated times. This may result in some airlines / airports being excluded from this report. If you would like to review your flight status feed with OAG pleas [email protected] MAKE SMARTER MOVES Airline Monthly OTP – January 2019 Page 1 of 1 Home GLOBAL AIRLINES – TOP 50 AND BOTTOM 50 TOP AIRLINE ON-TIME FLIGHTS On-time performance BOTTOM AIRLINE ON-TIME FLIGHTS On-time performance Airline Arrivals Rank No. flights Size Airline Arrivals Rank No. flights Size FA Safair 94.5% 1 2,028 176 3H Air Inuit 33.2% 153 1,488 205 7G Star Flyer 94.5% 2 2,046 174 VC ViaAir 43.0% 152 155 321 NT Binter Canarias 92.8% 3 4,990 105 WG Sunwing Airlines Inc. 43.3% 151 2,876 141 GA Garuda Indonesia 92.0% 4 15,226 41 5J Cebu Pacific Air 45.7% 150 9,305 71 BC Skymark Airlines 91.7% 5 4,614 111 AI Air India 50.2% 149 17,165 34 CM Copa Airlines 91.5% 6 11,123 55 RS Air Seoul, Inc 52.9% 148 1,092 226 JH Fuji Dream Airlines 90.7% 7 2,170 169 WO Swoop 53.1% 147 742 253 B7 Uni Airways 90.6% 8 4,108 120 4N Air North 54.4% 146 416 279 IB Iberia 90.0% 9 16,745 36 Z2 Philippines AirAsia Inc.
    [Show full text]
  • European Hub Airports – Assessment of Constraints for Market Power in the Local Catchment and on the Transfer Market
    Technische Universität Dresden Fakultät Verkehrswissenschaften „Friedrich List” Institut für Wirtschaft und Verkehr DISSERTATION European Hub Airports – Assessment of Constraints for Market Power in the Local Catchment and on the Transfer Market zur Erlangung des akademischen Grades Doctor rerum politicarum (Dr. rer. pol.) im Rahmen des Promotionsverfahrens an der Fakultät Verkehrswissenschaften „Friedrich List“ der Technischen Universität Dresden vorgelegt von: Annika Paul, geb. Reinhold geb. am 30.09.1981 in Gifhorn Gutachter: Prof. Dr. rer. pol. habil. Bernhard Wieland Prof. Dr. rer. pol. Hans-Martin Niemeier Ort und Tage der Einreichung: Dresden, 23. Januar 2018 Ort und Tag der Verteidigung: Dresden, 04. Juni 2018 Abstract Airports have long been considered as an industry in which firms are able to exert significant market power. Nowadays, there is controversial discussion whether airports face a degree of competition which is sufficient to constrain potentially abusive behaviour resulting from this market power. The level of competition encountered by European airports has hence been evaluated by analysing the switching potential of both airlines and passengers between different airports, for example. The research within this thesis contributes to the field of airport competition by analysing the degree of potential competition 36 European hub airports face on their origin-destination market in their local catchments as well as on the transfer market within the period from 2000 to 2016. For this purpose, a two-step approach is applied for each market, with first analysing the degree of market concentration, using the Herfindahl Hirschman Index as a measure, for each destination offered at the hub airports and the respective development over time.
    [Show full text]
  • Disruptive Innovation Strategies And
    Journal of Business and Strategic Management ISSN 2520-0402 (Online) Vol.4, Issue No.1 pp 47-68, 2019 www.carijournals.org DISRUPTIVE INNOVATION STRATEGIES AND PERFORMANCE OF SELECTED AIRLINES IN KENYA 1*Eunice Thecla Chepkemboi 1Post-Graduate Student: Jomo Kenyatta University of Agriculture and Technology *Corresponding Author email: [email protected] 2Dr. Samson Nyang’au Paul Lecturer: Jomo Kenyatta University of Agriculture and Technology Abstract Purpose: This study sought to identify the effect of the uptake of disruptive innovations on the performance of selected airlines in Kenya. Its specific objectives included to determine the impact of digital platforms, mobile technology, Blockchain technology and travel intermediaries on the performance of selected airline in Kenya. This study was restricted to three airlines in Kenya, namely, Kenya Airways, Jambojet and Fly540. Methodology: It focused on 120 staff working within the Nairobi offices of these airlines based on their familiarity with strategic initiatives employed in responding to disruptive innovations. The theoretical review featured the following theories: the theory of disruptive innovations; radical innovations theory; the theory of open innovation; and diffusion of innovations theory. This study applied a descriptive research design since it was focussed on describing the characteristics of the participants involved in the study since this is a social research. It adopted a census method for determining the sample size. It used self-administered questionnaires on 120 respondents from the target population who were given two weeks to complete the questionnaires before collection using a drop and pick arrangement was adopted. The study used a five point Likert scale to develop the questionnaire to use in tandem with two measures of central tendency, standard deviation and mean, to describe the data.
    [Show full text]
  • Inspection of EXIM's 2014 Transaction with Kenya Airways
    Office of Inspector General Export-Import Bank of the United States Inspection of EXIM’s 2014 Transaction with Kenya Airways September 26, 2018 OIG-INS-18-01 EXPORT‐IMPORT BANK – OFFICE OF INSPECTOR GENERAL The Export ‐Import Bank of the United States (EXIM or the Bank) is the official export credit agency of the United States. EXIM is an independent, self‐ sustaining executive agency and a wholly‐owned U.S. government corporation. The Bank’s mission is to support jobs in the United States by facilitating the export of U.S. goods and services. EXIM provides competitive export financing and ensures a level playing field for U.S. exports in the global marketplace. The Office of Inspector General (OIG), an independent office within EXIM, was statutorily created in 2002 and organized in 2007. The mission of the OIG is to conduct and supervise audits, investigations, inspections, and evaluations related to agency programs and operations; provide leadership and coordination as well as recommend policies that will promote economy, efficiency, and effectiveness in such programs and operations; and prevent and detect fraud, waste, abuse, and mismanagement. This inspection was conducted in accordance with the 2012 Quality Standards for Inspection and Evaluation as defined by the Council of Inspectors General on Integrity and Efficiency. This report does not constitute a Government audit and therefore, it was not conducted following the Generally Accepted Government Auditing Standards (GAGAS). INSPECTION REPORT OIG‐INS‐18‐01 Office of Inspector General To: David Sena, Senior Vice President, Office of Board Authoriz ed Finance From: Jennifer Fain, Acting Assistant Inspector General, Audits and Evaluations Subject: Inspection of EXIM’s 2014 Transaction with Kenya Airways AP088412XX, XA, XB, and PC088413XX Date: September 26, 2018 Attached please find the final inspection report on the Inspect ion of EXIM’s 2014 Transaction with Kenya Airways.
    [Show full text]