DOCSLIB.ORG

Aeroflot Group C Apital Markets Day 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Aeroflot Group C Apital Markets Day 2016 AEROFLOT GROUP C APITAL MARKETS DAY 2016 Moscow, 18 October 2016 Disclaimer 232 Chart Colours 235 240 This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the 182 presentation slides, you agree to the following. 196 204 This document does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, nor shall it or any part of it nor the fact of its presentation or distribution form 135 157 the basis of, or be relied on in connection with, any contract or investment decision. 179 No reliance may be placed for any purpose whatsoever on the information contained in this document or on assumptions made as to its completeness. 0 No representation or warranty, express or implied, is given by the Company, its subsidiaries or any of their respective advisers, officers, employees or 112 agents, as to the accuracy of the information or opinions or for any loss howsoever arising, directly or indirectly, from any use of this presentation or its 192 contents. 59 This document may include forward-looking statements. These forward-looking statements include matters that are not historical facts or statements 100 regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial 135 condition, liquidity, prospects, growth, strategies, and the market in which the Company operates. By their nature, forwarding-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you 0 that forward-looking statements are not guarantees of future performance and that the Company’s actual results of operations, financial condition and 176 80 liquidity and the development of the market in which the Company operates may differ materially from those made in or suggested by the forward- looking statements contained in this document. The Company does not undertake any obligation to review or confirm expectations or estimates or to 22 update any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation. 44 66 1 40 120 0 Message text 128 0 255 Highlight 0 0 Table line colour 178 2 178 178 Agenda 232 Chart Colours 235 240 Time Content Speakers 182 196 9.00 – 10.00 Registration and Coffee 204 Part I – Management Presentations 135 157 10.00 – 10.15 Aeroflot Today and Tomorrow Vitaly Saveliev (CEO) 179 0 10.15 – 10.50 Market Update and Strategy Overview Giorgio Callegari (Deputy CEO for Strategy and Alliances) 112 192 10.50 – 11.30 Network, Fleet and Financial Overview Shamil Kurmashov (Deputy CEO for Commerce and Finance) 59 100 135 11.30 – 11.50 Marketing Strategy and Customer Service Mikhail Fandeyev (Marketing Director) 0 11.50 – 12.40 Q&A Session 176 80 12.40 – 13.00 Lunch Break 22 44 66 Part II – Site Visits 1 13.00 – 15.00 Flight Crew Training Center IR, Heads of Divisions 40 120 15.30 – 16.30 Hangar IR, Heads of Divisions 0 Message text 128 0 17.00 – 17.30 Hub Control Center IR, Heads of Divisions 255 Highlight 0 17.50 – 18.20 Operational Control Center IR, Heads of Divisions 0 Table line colour 178 3 178 178 232 Chart Colours 235 240 182 196 204 135 157 179 AEROFLOT TODAY AND TOMORROW VITALY SAVELIEV 0 112 192 CHIEF EXECUTIVE OFFICER 59 100 135 0 176 80 22 44 66 1 40 120 0 Message text 128 0 255 Highlight 0 0 Table line colour 178 4 178 178 Aeroflot – #1 Russian Carrier with a Global Network 232 Chart Colours 235 240 182 #1 airline in one of the world’s largest markets with leading 196 1 204 positions on both domestic and international routes 135 157 179 2 Global network with 153 unique destinations (300+ routes) in 51 countries serviced by one of the youngest fleet globally1 0 112 192 Multi-brand offering to appeal to a broad customer spectrum 59 3 100 across geographies 135 0 176 Superior product and customer experience (Aeroflot 80 4 awarded Four Star Airline status by Skytrax) 22 44 66 5 Efficient operating model underpinned by effective yield and 1 cost management 40 120 0 Experienced management team and international standards of Message text 128 6 0 corporate governance 255 Highlight 0 0 Table line colour 178 Note: Network statistics are based on summer 2016 schedule. Youngest average fleet among airlines with fleet over 100 aircraft as of October 2016. 5 178 178 Transformation of Aeroflot Group: Operational Improvements 232 Chart Colours 235 240 182 196 204 x x > + 135 3.5X 3.9X (8.6 yrs) (20.0%) 8.1 p.p. 157 179 >15 yrs 0 112 192 39.4 415.2 78% 59 >30.0 100 mn bn RUB 135 6.4 yrs 23.1 78% 0 176 11.1 80 106.1 mn bn RUB gr / ASK gr / ASK 22 44 66 FLEET FUEL PASSENGER LOAD PAX REVENUE 1 AGE COMSUMPTION FACTOR 40 120 2009 2015 0 Message text 128 0 • Over the course of the last 7 years the Group has shown an extraordinary operational and financial transformation. 255 Highlight 0 0 Note: fleet age for 2009 as of the beginning of the year. Average age of 6.4 in 2015 is for Aeroflot Group (for comparability purposes). For Aeroflot airline average age is 4.3 years. Table line colour 178 6 178 178 Transformation of Aeroflot Group: Optimization of Structure 232 Chart Colours 235 240 From Non-integrated Subsidiaries to Product- Development of LCC 182 focused Model 196 204 Not-integrated subsidiaries: • Established in 2014 Pobeda has quickly become one of the 1 largest airlines in the Russian market 135 157 179 • Leading (and only) true low-cost carrier in Russia (with 3.1 2 mn PAX transported in 2015) 0 112 192 3 • One of the fastest developing LCCs globally (according to Airline Business magazine) 59 100 135 Multi-brand product offering: 4 • Developed domestic route network with 35 unique routes 0 176 80 Premium Mid-priced Low-cost Far East • Focus on domestic market (10-15% capacity abroad on 5 highly-demanded routes) 22 44 66 6 • High share of promo to attract public attention: 10% of tickets sold for 999 RUB 1 40 120 7 • Financial performance ahead of the initial expectations 0 Message text 128 0 255 • Aeroflot Group completed reorganization and established airline holding with presence in all market segments. Highlight 0 0 Table line colour 178 7 178 178 Recognized Level of Excellence 232 Chart Colours 235 240 182 196 204 135 157 179 0 112 192 Skytrax Skytrax Best Russian Best Russian Airline Airline (2016, 2015, (2015, 2014, 2013) 59 4-star Airline Rating Best Airline in Eastern 100 (2016) Europe (2016, 2015, 2014, 2014, 2013) 135 2013, 2011) 0 176 80 22 44 66 1 Best European Airline, Best Airline in Readers’ Choice Best Airline Cuisine 7-star Safety Rating 40 Russia and CIS, Best Business-class Prize Top-10 120 in Mid-haul Segment 0 Message text 128 0 255 • Aeroflot service quality is recognized by a number of prestigious industrial awards and prizes. Highlight 0 0 Table line colour 178 8 178 178 Aeroflot – Digital Take-off 232 Chart Colours 235 240 182 Before 2009 2010 – 2015 2016 – 2020 196 204 XX% - share of automated business processes Support systems Flight management 135 system (ASOU PD) 157 179 Other 0 112 35% 100% 100% 192 B2P 59 100 Unstructured data 135 0 Initial Digitalization IT Systems Consolidation Cutting-Edge Technology Deployment 176 80 Fragmented IT-systems impeding Implementation of the three core platforms Broad use of Big Data analytics operational gains (Sabre, SAP and Lufthansa) to optimize IT 22 infrastructure and reduced operating expenses Personalized targeting of customer 44 Core IT-systems for aviation operations communication 66 support developed Over 50% of passengers use Aeroflot digital services (e.g. tickets sales, online check-in etc) Successful implementation could create incremental revenue for the Group 1 40 120 0 Message text 128 0 255 • Aeroflot’s current strategic focus is to further develop IT systems and introduce new digital technologies to Highlight 0 promote operational efficiencies and customer experience. 0 Table line colour 178 9 178 178 Key Strategic Priorities of Aeroflot Group 232 Chart Colours 235 240 Ranking in Ranking in 2025 Strategic Target 2025 (Achievement Estimate) 182 2009 2015 196 204 135 157 TOP-20 airlines by PAX globally 68 179 24 0 112 192 10 TOP-5 airlines by PAX in Europe 15 7 59 100 135 Over 70 million passengers 11.1 mn 39.4 mn 0 176 80 22 44 Over 30 million domestic passengers 4.9 mn 23.4 mn 66 1 40 120 0 Message text 128 • Aeroflot has made significant progress towards achieving its long-term goals. 0 • To achieve its long-term goals, Aeroflot plans to continue development of IT and introduce digital solutions, further consolidate its position in Skytrax rankings and continue active development of low-cost operations. 255 Highlight 0 0 Note: 2009 traffic number for Aeroflot and subsidiaries (Nordavia and Donavia). Aeroflot standalone – 8.6 mn PAX. Table line colour 178 Source: Flightglobal, Company estimates. 10 178 178 MARKET UPDATE GIORGIO CALLEGARI DEPUTY CEO FOR STRATEGY AND ALLIANCES Global Industry Trends 232 Chart Colours 235 240 Global Airline Industry Continues to Show Resilience… 182 Passenger Traffic Revenue Operating Profit ROIC 196 204 bn PAX $ bn $ bn % 751 9.3% 3.6 718 135 3.3 59.5 157 2005-2015 2005-2015 179 2.7 Average: 2.8 564 Average: 594 6.2% 5.9% 2.1 35.1 2005-2015 413 Average: 4.8% 0 27.6 112 2005-2015 Average: 20.5 3.3% 192 4.4 59 100 135 2005 2010 2014 2015E 2005 2010 2014 2015E 2005 2010 2014 2015E 2005 2010 2014 2015E 0 … on the Back of Operational Improvements in the Time of a Variety of External Challenges 176 80 Tourism Spending1 Air Connectivity Fuel Unit Cost Passenger Load Factor 2 $ bn # of unique city pairs, thousand $/gal of ATK % 22 44 16.3 16.6 844 2.70 66 80.4% 14.1 79.9% 641 11.9 2.15 78.7% 1 510 1.71 40 455 1.52 120 75.0% 0 Message text 128 0 2005 2010 2014 2015E 2005 2010 2014 2015 2005 2010 2014 2015 2005 2010 2014 2015E 255 Highlight 0 • Global airline industry shows strong growth in traffic and profitability and improved efficiency backed by 0 growing demand, connectivity and other factors despite external challenges.
Load more

Recommended publications
  • Presentation Is Made, Or by Reading the Presentation Slides, You Agree to the Following
    AEROFLOT GROUP Q3 & 9M 2020 IFRS R ESULTS 1 December 2020 Speakers: Andrey Chikhanchin – Deputy CEO for Commerce and Finance Andrey Panov – Deputy CEO for Strategy, Service and Marketing Ivan Batanov – Head of Revenue Management Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This document does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision. No reliance may be placed for any purpose whatsoever on the information contained in this document or on assumptions made as to its completeness. No representation or warranty, express or implied, is given by the Company, its subsidiaries or any of their respective advisers, officers, employees or agents, as to the accuracy of the information or opinions or for any loss howsoever arising, directly or indirectly, from any use of this presentation or its contents. This document may include forward-looking statements. These forward-looking statements include matters that are not historical facts or statements regarding the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies, and the market in which the Company operates.
    [Show full text]
  • The Change Is NOW ! EXECUTIVE SUMMARY
    The change is NOW ! EXECUTIVE SUMMARY The inflight business has changed dramatically in recent years The aim of this presentation is to share and point out the recent evolution we, at ISG , have noticed To provide food for thought on how we can all remain competitive & efficient while answering the new expectations of our customers. AGENDA Introduction of Inflight Sales Group PART I : Evolution of passengers’ expectations PART II : Market revolution PART III : Airline perspective INTRODUCTION Inflight Sales Group ISG – The original concessionaire 2015 Opening of an ISG Office in Riga with a team dedicated to Russia and Eastern Europe Opening of Supplier of amenity kits to 2014 the European 1982 more than 60 Airlines 1994 Rapid growth from 1 ISG Office in worldwide and an airline to 34 airlines Paris exclusive distributor of major duty free brands 1996 Establishment of Awarded another Inflight Sales Group 2013 long term 1986 1st Concession at (HK) Ltd contract with Pan American Cathay Pacific and Dragonair 1999 Expansion to Asian Airlines WINNER OF MULTIPLE AWARDS “Inflight Travel Retailer of the Year” from Duty Free News International (DFNI) 2008 / 2009 / 2010 / 2011 / 2012 / 2015 “Inflight Travel Retailer of the Year” At Frontier Awards 2010 / 2011 / 2012 / 2013 / 2014 “Best new marketing initiative” in 2008 “Best Inflight Concessionaire” at the Airline Retail Conferences (ARC) in Singapore and Paris 2013 / 2014 / 2015 OUR EXPANDING CUSTOMERS FOOTPRINT ISG is proud to partner with 26 airlines worldwide Our commitment in building long-term relationships with our clients, offering innovative product sourcing and revolutionary service solutions has successfully taken inflight revenue to new heights and transformed duty free as a core component of the airline business.
    [Show full text]
  • Airline On-Time Arrival Performance (Sep 2018, by Variflight) SC Tops
    Airline On-time Arrival Performance (Sep 2018, by VariFlight) SC Tops China’s Major Airlines in APAC OTP Chart MF Shows the Most Rapid YoY Growth Powered by VariFlight incomparable aviation database, the monthly report of Airline On-time Arrival Performance provides an overview of how global airlines perform in September, 2018. In September, Aeroflot-Russian Airlines tops the global OTP chart again. A total of 381,000 aircraft movements were handled by Chinese airlines, showing an increase of 4.6 percent year-over-year. Aeroflot-Russian Airlines takes the top spot in the global OTP chart for three consecutive months. Shandong Airlines moves into the first place for punctuality among Chinese airlines in APAC with an on-time arrival rate of 89.22 percent. Among ten major Chinese airlines, Shandong Airlines surpasses Tianjin Airlines to top the OTP list; Xiamen Airlines shows the most rapid YoY growth in OTP. Taking a look at the TOP10 domestic popular routes, SHA-CAN route demonstrates the fastest growth, improving 23.14 percent compared with that in August. Global Big Airlines SU Tops Global Big Airlines Aeroflot-Russian Airlines tops the global big airlines chart in September with an on-time arrival rate of 96.28 percent and 5.06 minutes of average arrival delay, followed by All Nippon Airways and Japan Airlines. IATA Flight On-time Arrival Average Arrival Ranking Airlines Country Code Arrivals Performance Delay (minutes) Aeroflot-Russian 1 SU RU 30826 96.28% 5.06 Airlines 2 NH All Nippon Airways JP 34965 96.20% 5.60 3 JL Japan Airlines JP 23778 96.09% 6.58 4 EK Emirates Airlines AE 16042 95.90% 5.68 Page 1 of 6 © 2018 VariFlight.
    [Show full text]
  • China Southern Airlines' Sky Pearl Club
    SKY PEARL CLUB MEMBERSHIP GUIDE Welcome to China Southern Airlines’ Sky Pearl Club The Sky Pearl Club is the frequent flyer program of China Southern Airlines. From the moment you join The Sky Pearl Club, you will experience a whole new world of exciting new travel opportunities with China Southern! Whether you’re traveling for business or pleasure, you’ll be earning mileage toward your award goals every time you fly. Many Elite tier services have been prepared for you. We trust this Guide will soon help you reach your award flight to your dream destinations. China Southern Sky Pearl Club cares about you! 1 A B Earning Sky Pearl Mileage Redeeming Sky Pearl Mileage Airlines China Southern Award Ticket and Award Upgrade Hotels SkyTeam Award Ticket and Award Upgrade Banks Telecommunications, Car Rentals, Business Travel ， Dining and others C D Getting Acquainted with Sky Pearl Rules Enjoying Sky Pearl Elite Benefits Definition Membership tiers Membership Qualification and Mileage Account Elite Qualification Mileage Accrual Elite Benefits Mileage Redemption Membership tier and Elite benefits Others 2 A Earning Sky Pearl Mileage As the newest member of the worldwide SkyTeam alliance, whether it’s in the air or on the ground, The Sky Pearl Club gives you more opportunities than ever before to earn Award travel. When flying with China Southern or one of our many airline partners, you can earn FFP mileage. But, that’s not the only way! Hotels stays, car rentals, credit card services, telecommunication services or dining with our business-to-business partners can also help you earn mileage.
    [Show full text]
  • My Personal Callsign List This List Was Not Designed for Publication However Due to Several Requests I Have Decided to Make It Downloadable
    - www.egxwinfogroup.co.uk - The EGXWinfo Group of Twitter Accounts - @EGXWinfoGroup on Twitter - My Personal Callsign List This list was not designed for publication however due to several requests I have decided to make it downloadable. It is a mixture of listed callsigns and logged callsigns so some have numbers after the callsign as they were heard. Use CTL+F in Adobe Reader to search for your callsign Callsign ICAO/PRI IATA Unit Type Based Country Type ABG AAB W9 Abelag Aviation Belgium Civil ARMYAIR AAC Army Air Corps United Kingdom Civil AgustaWestland Lynx AH.9A/AW159 Wildcat ARMYAIR 200# AAC 2Regt | AAC AH.1 AAC Middle Wallop United Kingdom Military ARMYAIR 300# AAC 3Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 400# AAC 4Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 500# AAC 5Regt AAC/RAF Britten-Norman Islander/Defender JHCFS Aldergrove United Kingdom Military ARMYAIR 600# AAC 657Sqn | JSFAW | AAC Various RAF Odiham United Kingdom Military Ambassador AAD Mann Air Ltd United Kingdom Civil AIGLE AZUR AAF ZI Aigle Azur France Civil ATLANTIC AAG KI Air Atlantique United Kingdom Civil ATLANTIC AAG Atlantic Flight Training United Kingdom Civil ALOHA AAH KH Aloha Air Cargo United States Civil BOREALIS AAI Air Aurora United States Civil ALFA SUDAN AAJ Alfa Airlines Sudan Civil ALASKA ISLAND AAK Alaska Island Air United States Civil AMERICAN AAL AA American Airlines United States Civil AM CORP AAM Aviation Management Corporation United States Civil
    [Show full text]
  • Air Transport in Russia and Its Impact on the Economy
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Tomsk State University Repository Вестник Томского государственного университета. Экономика. 2019. № 48 МИРОВАЯ ЭКОНОМИКА UDC 330.5, 338.4 DOI: 10.17223/19988648/48/20 V.S. Chsherbakov, O.A. Gerasimov AIR TRANSPORT IN RUSSIA AND ITS IMPACT ON THE ECONOMY The study aims to collect and analyse statistics of Russian air transport, show the in- fluence of air transport on the national economy over the period from 2007 to 2016, compare the sector’s role in Russia with the one in other countries. The study reveals the significance of air transport for Russian economy by comparing airlines’ and air- ports’ monetary output to the gross domestic product. On the basis of the research, the policies in the aviation sector can be adjusted by government authorities. Ключевые слова: Russia, aviation, GDP, economic impact, air transport, statistics. Introduction According to Air Transport Action Group, the air transport industry supports 62.7 million jobs globally and aviation’s total global economic impact is $2.7 trillion (approximately 3.5% of the Gross World Product) [1]. Aviation transported 4 billion passengers in 2017, which is more than a half of world population, according to the International Civil Aviation Organization [2]. It makes the industry one of the most important ones in the world. It has a consid- erable effect on national economies by providing a huge number of employment opportunities both directly and indirectly in such spheres as tourism, retail, manufacturing, agriculture, and so on. Air transport is a driving force behind economic connection between different regions because it may entail economic, political, and social effects.
    [Show full text]
  • The ANKER Report 66
    Issue 66 Monday 15 March 2021 www.anker-report.com Contents Russia and Turkey lead the way in Q1 1 Russia and Turkey lead the way in Q1 thanks to domestic markets. 3 UK and French domestic recovery thanks to massive domestic markets rates compared; France benefits from overseas territories while While Western Europe continues to see the slower than hoped In most months, the domestic load factor has also been better Heathrow dominates UK’s top for rollout of the assorted COVID vaccines, the leading aviation than the international load factor, with around 80% of seats routes rankings travel markets in Europe are currently in the east of the being filled on domestic flights since July. continent. As previously highlighted, Russia and Turkey, thanks Turkish Airlines operating most flights in Europe 4 Emirates, Etihad Airways and Qatar in part to their massive domestic markets, are coping with Airways have resumed many of COVID travel restrictions better than anywhere else in Europe. Flight data in European airspace, tracked by Eurocontrol, has their European services. consistently shown in recent weeks that Turkish Airlines is This is highlighted by the fact that, according to The ANKER operating more flights than any other carrier. In addition, in 5 Latest European route news; 31 new Report’s European Airport Traffic Statistics (EATS) database of percentage terms, it is now operating around 50% of flights routes from 18 airlines analysed. over 400 airports, in January, six of the top seven busiest compared with the same period in 2019. This is a figure beaten 8 S7 Airlines is Russia’s leading airline airports for passengers were in either Russia or Turkey.
    [Show full text]
  • Airport of the Future — 2020 Moscow, November 11, 2020 10.10 Session
    Airport of the Future — 2020 Moscow, November 11, 2020 Draft agenda 10.00 - 10.10 Opening speech. International review: airlines and airports on the way to recovery Kurt Hofmann, journalist, aviation expert, Air Transport World 10.10 Session 1. AIR FIELD IN NEW REALITY Moderators: Alexey Sinitsky, Research and Development Director, Infomost Consulting 10.10 - 10.30 Airport of the future: new world, new trends Pierre Charbonneau, Director, Passenger at International Air Transport Association* 10.35 - 10.55 Air traffic restart roadmap TBC, NACO 10.55 - 11.55 Cases. On the way to recovery Herbert M.Keffel, Practice Leader and Management Consultant, Munich Airport International Radek Zabransky, Director Aviation & Strategic Marketing, Bratislava Milan Rastislav Stefanik Airport* Marius Gelzinis, CEO, Lithuanian Airports Aboudy Nasser, CCO, London Stansted Airport Liene Freivalde, Director Aviation Services and Business Development, Riga International Airport 11.55 - 12.20 Coffee break 12.20 - 12.40 Cases. Russian airport experience: growth area of route networks and passenger flows TBC, Domodedovo* Evgeny Ilyin, Commercial Director, Pulkovo Airport * 12.45 - 13.30 Dialogue with experts. The airport in the new reality Opening speech: Support of the state in international practice Speaker TBC Key topics: State participation: what airports expected in Russia and international overview Airports’ sources of income: adaptation to the new reality. Ways to restore non-aviation revenues Air Cargo Development: a long-term trend or short-term reaction?
    [Show full text]
  • Client Alert New Decision on Abuse of Dominance by March 2017 Vietnam Competition Council
    Antitrust and Competition Vietnam Client Alert New Decision on Abuse of Dominance by March 2017 Vietnam Competition Council Background Information In April 2014, Vietnam Competition Administration Department ("VCA") received a complaint from Trading Tourism Co., Ltd. ("AB Tours Company") alleging Anh Duong Manufacturing Trading Services Import & Export Co., Ltd. ("Anh Duong Company") of implementing conducts of abuse of dominant position on the market of tour organization for tourists from Russia, Ukraine and other Commonwealth of Independent States ("CIS") countries visiting certain provinces in Vietnam. To be specific, Anh Duong Company (i.e., a partner of Pegas Touristik Group in Vietnam) entered into agreements with hotels in Nha Trang, Phan Thiet, Phan Rang and Phu Quoc Island (collectively, the "Partner Hotels") obligating the Partner Hotels to only accept tourists from Russia, Ukraine and other CIS countries introduced by Anh Duong Company. As a result, the Partner Hotels declined to offer rooms to tourists introduced by AB Tours Company and other tourism services providers despite the fact that they had vacant guest rooms. In 2015, VCA carried out an official investigation into the case and by 28 March 2016, VCA transferred the file to Vietnam Competition Council ("VCC") for resolution. www.bakermckenzie.com Decision of VCC Baker & McKenzie (Vietnam) Ltd. VCC concluded as follows: 12th Floor, Saigon Tower 29 Le Duan Blvd The relevant market is the tourism services market for Russians, District 1 Ukrainians and visitors from other CIS countries at tourism destinations Ho Chi Minh City with beaches that are popular to the said foreigners in Vietnam and, Socialist Republic of Vietnam Tel: +84 8 3829 5585 therefore, Anh Duong Company is in a dominant position with 51.6% of Fax: +84 8 3829 5618 the market share.
    [Show full text]
  • Monthly OTP July 2019
    Monthly OTP July 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 July 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 – July 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 SATA International-Azores GA Garuda Indonesia 93.9% 1 13,798 52 S4 30.8% 160 833 253 Airlines S.A. XL LATAM Airlines Ecuador 92.0% 2 954 246 ZI Aigle Azur 47.8% 159 1,431 215 HD AirDo 90.2% 3 1,806 200 OA Olympic Air 50.6% 158 7,338 92 3K Jetstar Asia 90.0% 4 2,514 168 JU Air Serbia 51.6% 157 3,302 152 CM Copa Airlines 90.0% 5 10,869 66 SP SATA Air Acores 51.8% 156 1,876 196 7G Star Flyer 89.8% 6 1,987 193 A3 Aegean Airlines 52.1% 155 5,446 114 BC Skymark Airlines 88.9% 7 4,917 122 WG Sunwing Airlines Inc.
    [Show full text]
  • RASG-PA ESC/29 — WP/04 14/11/17 Twenty
    RASG‐PA ESC/29 — WP/04 14/11/17 Twenty ‐ Ninth Regional Aviation Safety Group — Pan America Executive Steering Committee Meeting (RASG‐PA ESC/29) ICAO NACC Regional Office, Mexico City, Mexico, 29‐30 November 2017 Agenda Item 3: Items/Briefings of interest to the RASG‐PA ESC PROPOSAL TO AMEND ICAO FLIGHT DATA ANALYSIS PROGRAMME (FDAP) RECOMMENDATION AND STANDARD TO EXPAND AEROPLANES´ WEIGHT THRESHOLD (Presented by Flight Safety Foundation and supported by Airbus, ATR, Embraer, IATA, Brazil ANAC, ICAO SAM Office, and SRVSOP) EXECUTIVE SUMMARY The Flight Data Analysis Program (FDAP) working group comprised by representatives of Airbus, ATR, Embraer, IATA, Brazil ANAC, ICAO SAM Office, and SRVSOP, is in the process of preparing a proposal to expand the number of functional flight data analysis programs. It is anticipated that a greater number of Flight Data Analysis Programs will lead to significantly greater safety levels through analysis of critical event sets and incidents. Action: The FDAP working group is requesting support for greater implementation of FDAP/FDMP throughout the Pan American Regions and consideration of new ICAO standards through the actions outlined in Section 4 of this working paper. Strategic Safety Objectives: References: Annex 6 ‐ Operation of Aircraft, Part 1 sections as mentioned in this working paper RASG‐PA ESC/28 ‐ WP/09 presented at the ICAO SAM Regional Office, 4 to 5 May 2017. 1. Introduction 1.1 Flight Data Recorders have long been used as one of the most important tools for accident investigations such that the term “black box” and its recovery is well known beyond the aviation industry.
    [Show full text]
  • AVIAAM LEASING AB (Incorporated in Lithuania with Public Limited Liability, Corporate ID Code 302330793)
    AVIAAM LEASING AB (incorporated in Lithuania with public limited liability, corporate ID code 302330793) Offering of up to 14,181,716 Shares, with a nominal value of LTL 1.00 each, and admission to trading on the Warsaw Stock Exchange of up to 43,305,593 Shares of Joint Stock Company AviaAM Leasing This document (the "Prospectus") has been prepared for the purpose of (i) the offering (the "Offering") of up to 14,181,716 ordinary registered shares in the share capital of Joint Stock Company AviaAM Leasing (the "Issuer" or the "Company"), with a nominal value of LTL 1.00 each, and (ii) the admission of up to 43,305,593 ordinary registered shares of the Issuer (the "Shares") to trading on the Warsaw Stock Exchange (in Polish: Gie³da Papierów Wartoœciowych w Warszawie S.A., the "WSE"). The Issuer will be offering for subscription up to 13,857,790 newly issued Shares (the "New Shares"). Gediminas iemelis (the "Selling Shareholder"), the Issuer's direct minority shareholder (but indirectly majority shareholder), will be offering up to 323,926 existing Shares (the "Sale Shares"). The New Shares to be issued by the Issuer and the Sale Shares offered by the Selling Shareholder are referred to, where thecontextpermits,astheOfferShares.TheIssuerwillonlyreceivethenetproceeds from the sale of the New Shares, whereas the Selling Shareholder will receive the net proceeds from the sale of its Sale Shares. The Offer Shares offered in this Offering constitute a minority interest in the Issuer. Prior to the completion of the Offering, the Selling Shareholder holds 1.1% of the issued share capital of the Issuer.
    [Show full text]