DOCSLIB.ORG

Hawaiian Airlines

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

HAWAIIAN AIRLINES LONG NASDAQ: HA PT $53.70 (+34.10%) Catherine Cheng Karna Venkatraj Ananya Rajesh Ryan Spencer INVESTMENT THESIS MARKET VIEW Sustained downward pressure revolves around increasing competition in Hawaii $70.00 6,000 (21.90%) $60.00 UAL increases service 5,000 to 40 daily flights (15.89%) Speculation on and $50.00 LUV entry late 2018 4,000 $40.00 3,000 $30.00 2,000 $20.00 1,000 $10.00 $0.00 0 9/28/2016 11/17/2016 1/6/2017 2/25/2017 4/16/2017 6/5/2017 7/25/2017 9/13/2017 Volume (Thousands) Price Close INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS MARKET VIEW Capacity increase and threat of price war drives HA revenue down United Airlines Hawaiian Entry Southwest Hawaiian Entry ▪ June 2017: United Airlines announces 40 new direct flights ▪ May 2017: Earnings call mentions a inevitable expansion of to Honolulu, Kona, Maui, and Lihue LUV into Hawaiian markets Flights service Honolulu (HNL), Kona (KOA), Lihue (LIH) ▪ September 2017: and Maui (OGG) Leaked document suggests that entry into Hawaii Flights are operated from Chicago, Denver, San LUV has placed a firm order for 14 Boeing 737-MAX 8 Francisco, and Los Angeles aircrafts, equipped for long flights over water ▪ October 11, 2017: LUV announces Hawaii entry Projected Increase in United Monthly Flights The Southwest Effect (2000-2010) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 350% 322% 827 764 973 846 867 983 1,071 1,012 786 852 785 1,001 10,767 300% 2017 250% 207.20% 1,894 1,761 2,179 1,946 2,016 2,215 2,380 2,273 1,861 1,965 1,835 2,239 24,564 2018 200% 150% 106.10% 104.10% 100% ▪ Difference in Flights 3,030 Flights 54.30% 55.10% 67.30% % Change 42.30% 41.00% ▪ Difference in Capacity 466,620 Seats 50% 0% ▪ Potential Loss of Operating Revenue $102,656,400 -50% ▪ Change in HA Operating Revenue (4.19%) -41% -28.90% -28.60% -41.40% -39.90% -100% -66.40% -68.80% Market Average Fare Decline Total Market O&D Passenger Increase INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS VARIANT VIEW HA has been undervalued by investors focused on increasing capacity Overreaction to New Entrants Investors have overlooked the non-competitive nature of a majority of UAL’s 1 routes and the long-haul mitigant on the Southwest Effect which reduces the ability of LUV to wage price wars in Hawaii. Long-Haul Luxury Experience The market has overestimated the ability of UAL and LUV to capture market 2 share in Hawaii given HA’s advantage in providing a long-haul luxury experience and Hawaii’s less price-sensitive tourist demographic. Hawaiian Route Advantage Competitor news has overshadowed HA’s revenue expansion potential resulting 3 from move into new markets with A321neos and pivot away from domestic markets into international markets with Japan Airlines partnership. INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS 1. OVERREACTION TO NEW ENTRANTS 64% of UAL’s new flight routes do not compete with HA Comparative Route Map Capacity Impact United Airlines ▪ Only 4 of United’s new routes compete San Francisco to Maui (2 flights daily) Los Angeles to Maui Los Angeles to Lihue ▪ Reduces projected impact by Hawaiian Airlines Southwest Airlines $54 million United Airlines Total Competing Estimated Actual Difference in Flights 3,030 1,440 1,440 Difference in Capacity (Seats) 466,620 221,760 174,303 Loss of Revenue $102,656,400 $48,787,200 $38,346,739 Change in HA Revenue 4.19% 1.99% 1.56% INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS 1. OVERREACTION TO NEW ENTRANTS LUV effect is unlikely to manifest in Hawaiian market and has become marginal Hawaii Resists Southwest Advantage Diminishing Effect ▪ LUV’s pricing power is limited by its cost per seat mile ▪ Southwest has morphed into a hybrid carrier from its traditional low-cost carrier identification despite popular A321neo outclasses the 737-MAX8 belief that it still offers the cheapest routes A330-200 outclasses the 737-800 Southwest’s average fare from Dallas to Houston has 4.50¢ increased 50.92% from 2010-2017 737-800 Southwest’s average fare from Dallas to San Antonio 4.00¢ A321 has increased 39.27% from 2010-2017 A330-200 737-MAX8 3.50¢ ▪ Southwest underperforms in comparative route analysis regardless of haul length, advance time, and geographical A321neo 3.00¢ region 2.50¢ Route Lowest Competitor Fare Lowest Southwest Fare Differential Operating Cost per Seat Mile Operating Cost Hartford-Chicago (21-day advance; 150 170 190 210 230 250 270 290 310 $392/United $445/Southwest 13.52% seven-day stay; any time) Capacity (Seat) New York-Denver (90-day advance; $235/Delta $402/Southwest 71.06% seven-day stay; any time) ▪ Difference in CASM exaggerated by long haul difference San Diego-Las Vegas (three-day $231/Delta $232/Southwest 0.43% advance; three-day stay; any time) 2016 CASM (ex Transport-Related Costs) Dallas-Houston (one-day advance; $453/United $454/Southwest 0.22% 10.95¢ 11.14¢ three-day stay; any time) Dallas-Houston (14-day advance; $266/American $266/Southwest 0.00% 9.03¢ seven-day stay; any time) Dallas-Houston (90-day advance; $211/United $212/Southwest 0.47% seven-day stay; any time) Boston-Ft. Myers (seven-day $316/United $410/Southwest 29.75% advance; three-day stay; any time) San Francisco-Los Angeles (28-day $105/United $138/Southwest 31.43% advance; seven-day stay; any time) Seattle-St. Louis (90-day advance; $216/Alaska $304/Southwest 40.74% seven-day stay; any time) Minneapolis-Phoenix (seven-day $375/Delta $446/Southwest 18.93% Alaska Hawaiian Southwest advance; four-day stay; any time) INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS 1. OVERREACTION TO NEW ENTRANTS LUV effect is unlikely to manifest in Hawaiian market and has become marginal Hawaii Resists Southwest Advantage Diminishing Effect ▪ LUV’s pricingALGT powerDAL is limited by its cost per seat mile ▪ Southwest has morphed into a hybrid carrier from its HA 0.3% 16.8% ▪ Low cost fare has already traditional low-cost carrier identification despite popular 24.5% A321neo outclasses the 737-MAX8been introduced to belief that it still offers the cheapest routes A330-200 outclasses the 737-800Hawaii Southwest’s average fare from Dallas to Houston has ALK ▪ 27.96% of yield is increased 50.92% from 2010-2017 4.50¢ 10.9% 737-800 >12.50¢ Island Air Southwest’s average fare from Dallas to San Antonio 4.00¢ A321 0.7% ▪ has increased 39.27% from 2010-2017 Fare introduction A330has -not200 737-MAX8Virgin changed HA yield or 2.0% ▪ Southwest underperforms in comparative route analysis 3.50¢ average Hawaii fare price UAL AAL regardless of haul length, advance time, and geographical 27.8% A321neo 3.00¢ 17.1% region 2.50¢Average Q1’17 Yield for Hawaii Flights Above 2000 Miles Route Lowest Competitor Fare Lowest Southwest Fare Differential Operating Cost per Seat Mile Operating Cost Hartford-Chicago (21-day advance; 16.00¢ 150 170 190 210 230 250 270 290 310 $392/United $445/Southwest 13.52% seven-day stay; any time) Capacity (Seat) New York-Denver (90-day advance; 15.00¢ $235/Delta $402/Southwest 71.06% HA AAL UAL seven-day stay; any time) ▪ DifferenceVirgin in CASMIsland exaggeratedAir by long haul difference San Diego-Las Vegas (three-day 14.00¢ $231/Delta $232/Southwest 0.43% advance; three-day stay; any time) 13.00¢ 2016 CASM (ex Transport-Related Costs) Dallas-Houston (one-day advance; $453/United $454/Southwest 0.22% ALK 10.95¢ 11.14¢DAL three-day stay; any time) 12.00¢ Dallas-Houston (14-day advance; $266/American $266/Southwest 0.00% 9.03¢ seven-day stay; any time) 11.00¢ Dallas-Houston (90-day advance; $211/United $212/Southwest 0.47% Average Average Yield seven-day stay; any time) 10.00¢ Boston-Ft. Myers (seven-day $316/United $410/Southwest 29.75% advance; three-day stay; any time) 9.00¢ San Francisco-Los Angeles (28-day $105/United $138/Southwest 31.43% 8.00¢ advance; seven-day stay; any time) Seattle-St. Louis (90-day advance; ALGT $216/Alaska $304/Southwest 40.74% 7.00¢ seven-day stay; any time) Minneapolis-Phoenix (seven-day 3,500.00 4,000.00 4,500.00 5,000.00 5,500.00 $375/Delta $446/Southwest 18.93% Alaska Hawaiian Southwest advance; four-day stay; any time) Average Miles Flown INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS 2. LONG-HAUL LUXURY EXPERIENCE Hawaiian Airlines uniquely adaptive to customer profile and long-haul routes Leisure Customer Significance of the Leisure Consumer 511,033 496,176 LCC Advantages in Short Haul Vacation 66,418 Conventions 390,823 Wide Range of Customers Marriage 344,839 Government 4,895,369 Customer Loyalty Visit Family Other Low Cost Value Proposition (2017P) Lower Price Sensitivity The traditional strategy and advantages of LCC and legacy carriers do not succeed when applied to a Hawaiian market defined by unique customer needs. *only food and lodging INVESTMENT THESIS COMPANY OVERVIEW INDUSTRY OVERVIEW VALUATION RISKS AND MITIGANTS 3. HAWAIIAN ROUTE ADVANTAGE A321neo’s operational efficiency allows access to underserved markets HA’s New A321neo High-margin, medium-haul narrowbody suited for opening new, untapped markets. Seats Range (Miles) Fuel Efficiency A330-200 286 8357.4 -14% 767-300 258 5975 -20% A321neo 189 3700 0% Midmarket Routes Pacific Rim Expansion Long-Haul Expansion A321neo enables flights from mid-sized A321neo allows more flights to Pacific A321neo frees up A330 for expansion markets and flights to neighbor islands Rim and diversification from Hawaii and entry into more
Recommended publications
  • IATA Safety Report 2013

    IATA Safety Report 2013

    Transforming the way the world moves. For 80 years, Jeppesen has made travel safer and more efficient through the power of intelligent information. Along the way, we’ve transformed lives as well as the way the world does business. Jeppesen is proud that IATA and its members are trusted partners in the aviation industry. jeppesen.com SAFETY REPORT 2013 Issued April 2014 International Air Transport Association Montreal—Geneva 50th Edition NOTICE DISCLAIMER. The information contained in this publication is subject to constant review in the light of changing government requirements and regula- tions. No subscriber or other reader should act on the basis of any such information without referring to applicable laws and regulations and/or without seeking appropriate professional advice. Although every effort has been made to ensure accuracy, the International Air Transport Association shall not be held responsible for any loss or damage caused by errors, omissions, misprints or misinterpretation of the contents hereof. Furthermore, the Interna- tional Air Transport Association expressly disclaims any and all liability to any person or entity, whether a purchaser of this publication or not, in respect of anything done or omitted, and the consequences of anything done or omitted, by any such person or entity in reliance on the contents of this publication. Opinions expressed in advertisements appearing in this publication are the advertiser’s opinions and do not necessarily reflect those of IATA. The mention of specific companies or products in advertisement does not imply that they are endorsed or recom- mended by IATA in preference to others of a simi- lar nature which are not mentioned or advertised.
  • Here Applicants and Recruiters Can • Read All the Magazine Issues of Aero Crew News

    Here Applicants and Recruiters Can • Read All the Magazine Issues of Aero Crew News

    September 2016 Aero Crew News Your Source for Pilot Hiring Information and More... Contract Talks Moving Benefits Exclusive Hiring Briefing Aviator Bulletins Upgraded Training Facilities, Partnerships with Schools CPP, internship and more! Fitness Corner Calories in Your Drink, Beware You deserve your dream job. ExpressJet o ers everything that you’re looking for when starting your career. Make the smart choice for your future and fly with the best at ExpressJet. Great Pay o $37-40/hr first year pay o Guaranteed profit sharing program o Leading healthcare benefits Path to the Majors o United Career Path Program o JetBlue University and Advanced Gateways o More pilots hired by the majors each year than any other regional Industry-leading Training o ATP CTP o ered for free (always!) as part of paid training o In-house training tailored to each pilot gives you the best rate of success o Advanced Qualification Program (AQP) Learn more about why ExpressJet is the smart choice for your future at flysmartchoice.com Apply today at expressjet.com/apply You deserve your dream job. ExpressJet o ers everything that you’re looking for when starting your career. Make the smart choice for your future and fly with the best at ExpressJet. Great Pay o $37-40/hr first year pay o Guaranteed profit sharing program Aero Crew Solutions Launches New Website Aero Crew Solutions is proud to announce the complete • The ability for companies to publish their latest o Leading healthcare benefits redesign of our website. Our goal is to continue the job news on our website.
  • G410020002/A N/A Client Ref

    G410020002/A N/A Client Ref

    Solicitation No. - N° de l'invitation Amd. No. - N° de la modif. Buyer ID - Id de l'acheteur G410020002/A N/A Client Ref. No. - N° de réf. du client File No. - N° du dossier CCC No./N° CCC - FMS No./N° VME G410020002 G410020002 RETURN BIDS TO: Title – Sujet: RETOURNER LES SOUMISSIONS À: PURCHASE OF AIR CARRIER FLIGHT MOVEMENT DATA AND AIR COMPANY PROFILE DATA Bids are to be submitted electronically Solicitation No. – N° de l’invitation Date by e-mail to the following addresses: G410020002 July 8, 2019 Client Reference No. – N° référence du client Attn : [email protected] GETS Reference No. – N° de reference de SEAG Bids will not be accepted by any File No. – N° de dossier CCC No. / N° CCC - FMS No. / N° VME other methods of delivery. G410020002 N/A Time Zone REQUEST FOR PROPOSAL Sollicitation Closes – L’invitation prend fin Fuseau horaire DEMANDE DE PROPOSITION at – à 02 :00 PM Eastern Standard on – le August 19, 2019 Time EST F.O.B. - F.A.B. Proposal To: Plant-Usine: Destination: Other-Autre: Canadian Transportation Agency Address Inquiries to : - Adresser toutes questions à: Email: We hereby offer to sell to Her Majesty the Queen in right [email protected] of Canada, in accordance with the terms and conditions set out herein, referred to herein or attached hereto, the Telephone No. –de téléphone : FAX No. – N° de FAX goods, services, and construction listed herein and on any Destination – of Goods, Services, and Construction: attached sheets at the price(s) set out thereof.
  • Jetblue Honors Public Servants for Inspiring Humanity

    Jetblue Honors Public Servants for Inspiring Humanity

    www.MetroAirportNews.com Serving the Airport Workforce and Local Communities June 2017 research to create international awareness for INSIDE THIS ISSUE neuroblastoma. Last year’s event raised $123,000. All in attendance received a special treat, a first glimpse at JetBlue’s newest special livery — “Blue Finest” — dedicated to New York City’s more than 36,000 officers. Twenty three teams, consisting of nearly 300 participants, partici- pated in timed trials to pull “Blue Finest,” an Airbus 320 aircraft, 100 feet in the fastest amount of time to raise funds for the J-A-C-K Foundation. Participants were among the first to view this aircraft adorned with the NYPD flag, badge and shield. “Blue Finest” will join JetBlue’s fleet flying FOD Clean Up Event at JFK throughout the airline’s network, currently 101 Page 2 JetBlue Honors Public Servants cities and growing. The aircraft honoring the NYPD joins JetBlue’s exclusive legion of ser- for Inspiring Humanity vice-focused aircraft including “Blue Bravest” JetBlue Debuts ‘Blue Finest’ Aircraft dedicated to the FDNY, “Vets in Blue” honoring veterans past and present and “Bluemanity” - a Dedicated to the New York Police Department tribute to all JetBlue crewmembers who bring JetBlue has a long history of supporting those department competed against teams including the airline’s mission of inspiring humanity to who serve their communities. Today public ser- JetBlue crewmembers and members from local life every day. vants from New York and abroad joined forces authorities including the NYPD and FDNY to “As New York’s Hometown Airline, support- for a good cause.
  • Nevada-California, USA November 2014

    Nevada-California, USA November 2014

    Nevada-California, USA November 2014 While the end of 2014 was approaching, I still had about ten vacation days left. Therefore I decided to spent these on a spotting trip. I teamed up with fellow reader EC and we agreed that the south-western part of the United States would be a great place to visit. The chances of finding nice airplanes and good weather in this part of the world are rather high, even at the end of November. We decided to spend three days in Las Vegas and then drive to southern California, where we would spend almost a full week. The primary focus would be on photographing airliners and fire fighting aircraft, but some number crunching was done as well (although most logs below are not complete). Please note that all mm’s mentioned apply to a 1.5 crop factor camera and all aircraft are only noted once per airport. On the morning of Wednesday 19 November Eddy and I met at Schiphol at approximately 8 AM. There we learned that our flight to Houston was delayed for several hours. Fortunately United Airlines rebooked us on flight UA908 to Chicago. 19 November 2014 Schiphol EHAM G-FBEI Embraer 195LR Flybe LZ-FBE Airbus A320-200 Bulgaria Air N14121 Boeing 757-200 United Airlines N652UA Boeing 767-300ER United Airlines YU-APJ Airbus A319-100 Air Serbia A few planes were noted before boarding the 22-year-old Boeing 767. The flight to Chicago was uneventful in my opinion. However some other passengers complained about the cabin temperature and as a result all passengers received an 100 USD online voucher, to be spent on United Airlines flights with in the next year.
  • Air Travel Consumer Report Is a Monthly Product of the Department of Transportation's Office of Aviation Enforcement and Proceedings

    Air Travel Consumer Report Is a Monthly Product of the Department of Transportation's Office of Aviation Enforcement and Proceedings

    U.S. Department of Transportation Air Travel Consumer Report Issued: MARCH 2002 Includes data for the following periods: Flight Delays January 2002 12 Months Ending January 2002 Mishandled Baggage January 2002 Oversales 4th Quarter 2001 January-December 2001 Consumer Complaints January 2002 (Includes Disability Complaints) Office of Aviation Enforcement and Proceedings http://www.dot.gov/airconsumer/ TABLE OF CONTENTS Section Page Section Page INTRODUCTION ......................…2 Flight Delays Explanation ......................…3 Mishandled Baggage Table 1 ......................…4 Explanation ....................…..17 Overall Percentage of Reported Flight Ranking ....................…..18 Operations Arriving On Time, by Carrier Table 1A ......................…5 Oversales Overall Percentage of Reported Flight Explanation ....................…..19 Operations Arriving On Time and Carrier Rank, by Month, Quarter, and Data Base to Date Ranking--Quarter ....................…..20 Table 2 ......................…6 Ranking--YTD ....................…..21 Number of Reported Flight Arrivals and Per- centage Arriving On Time, by Carrier and Airport Consumer Complaints Table 3 ......................…8 Explanation ....................…..22 Percentage of All Carriers' Reported Flight Complaint Tables 1-5 ..............23 Operations Arriving On Time, by Airport and Summary, Complaint Categories, U.S. Airlines, Time of Day Incident Date, and Companies Other Than Table 4 .....................…9 U.S. Airlines Percentage of All Carriers' Reported Flight Rankings,
  • Financial Statements for the Years Ended June 30, 2003 and 2002, Supplemental Schedules for the Year Ended June 30, 2003 and Independent Auditors' Report

    Financial Statements for the Years Ended June 30, 2003 and 2002, Supplemental Schedules for the Year Ended June 30, 2003 and Independent Auditors' Report

    State of Hawaii Department of Transportation - Airports Division (An Enterprise Fund of the State of Hawaii) Financial Statements for the Years Ended June 30, 2003 and 2002, Supplemental Schedules for the Year Ended June 30, 2003 and Independent Auditors' Report STATE OF HAWAII DEPARTMENT OF TRANSPORTATION - AIRPORTS DIVISION (An Enterprise Fund of the State Of Hawaii) TABLE OF CONTENTS JUNE 30, 2003 AND 2002 Page Independent Auditors' Report 1-2 Management's Discussion and Analysis 3-14 Financial Statements as of and for the Years Ended June 30, 2003 and 2002: Statements of Net Assets 15-17 Statements of Revenues, Expenses and Changes in Net Assets 18-19 Statements of Cash Flows 20-22 Notes to Financial Statements 23-44 Supplementary Information - Schedules as of and for the Year Ended June 30, 2003: 1 - Operating Revenues and Operating Expenses Other Than Depreciation 45 2 - Calculations of Net Revenues and Taxes and Debt Service Requirement 46-47 3 - Summary of Debt Service Requirements to Maturity 48 4 - Debt Service Requirements to Maturity - Airports System Revenue Bonds 49 5 - Debt Service Requirements to Maturity - General Obligation Bonds 50 6 - Airports System Charges - Fiscal Year 1995-97 Lease Extension 51-53 7 - Approved Maximum Revenue Landing Weights and Airport Landing Fees - Signatory Airlines 54 8 - Approved Maximum Revenue Landing Weights and Airport Landing Fees - Nonsignatory Airlines 55 Deloitte & Touche LLP Suite 1200 1132 Bishop Street Honolulu, Hawaii 96813· 2870 Tel: (808) 543-0700 Fax: (808) 526-0225 www.us.deloitte.com Deloitte &Touche INDEPENDENT AUDITORS' REPORT The Director Department of Transportation State of Hawaii: We have audited the statements of net assets of the Airports Division, Department ofTransportation, State of Hawaii (an enterprise fund of the State of Hawaii) (Airports Division) as of June 30, 2003 and 2002, and the related statements of revenues, expenses and changes in net assets, and of cash flows for the years then ended.
  • Eastern Sierra Air Service Strategic Plan NOVEMBER 2017

    Eastern Sierra Air Service Strategic Plan NOVEMBER 2017

    Eastern Sierra Air Service Strategic Plan NOVEMBER 2017 Mammoth Lakes Contents 1 Introduction 1.1 6 Economic Impact Analysis 6.1 2 Industry Trends 2.1 7 Peer Review 7.1 3 Airport Characteristics 3.1 8 Next Steps 8.1 4 Existing Air Service 4.1 Appendix A: Glossary A.1 5 Air Service Opportunities 5.1 Eastern Sierra Air Service Strategic Plan Mammoth Lakes 1 Introduction As home to Mammoth Mountain and as the eastern gateway to Yosemite National Park, local, commercial air service is important in supporting the more than 1.6 million annual visitors. In addition, the business community and residents need local access to air service to avoid the more than three-hour drive from Reno-Tahoe International Airport, the closest alternate commercial service airport. While existing Alaska Airlines and United Airlines services are valued by the community, reliability issues have impacted use of local air service. Mammoth Lakes 1.1 The primary objective of the “Eastern Sierra Air Service Strategic Plan is to provide the information and recommendations necessary to guide air service development efforts over the next five to 10 years to achieve the air service goals. ” Air Service Goal Strategic Plan Objectives Local Partners The primary air service goal is to provide reliable, The primary objective of the Eastern Sierra Air Service Mammoth Lakes Tourism works in cooperation with the sustainable and successful air service to the Eastern Strategic Plan is to provide the information and Town of Mammoth Lakes to provide marketing and sales Sierra by growing existing air service via increasing flight recommendations necessary to guide air service promotion outreach for local, commercial air service.
  • Direct Flights from Kona to Mainland

    Direct Flights from Kona to Mainland

    Direct Flights From Kona To Mainland If bloodied or petiolar Donald usually upholds his civilizers clarion tracklessly or interfaced ominously and sententially, how derivative is Claire? Warranted Tomas sleeve, his transliterations syrup albuminizing agone. Unstriped Carlyle strummed, his jargonizations demean incarcerates peskily. Worldwide on purchases from other side of flights within three airlines blamed what she sent to mainland to fly is kayak, that technology of hawaii service to see all pets. The mainland destinations from. Find Flight times and airlines servicing Kauai from the US Mainland. From the Mid West district South West United offers direct flights to Honolulu. Hawaiian Airlines HA Honolulu is planning to issue USD00 million in. Will Southwest fly to Kona AskingLotcom. United resumes nonstop service to Kona West Hawaii Today. This flight from mainland flights and delta air services, direct for a better to? 5 things you may only know about Alaska Airlines' service to. Hawaiian Airlines will be allowed to stop serving many mainland cities. We note that united airlines would not smooth. The local landmarks but the cheap airfare means you won't bust your budget. Even about it has power many direct flights tofrom Japan and the US mainland in recent years. Does Rockford Airport fly to Nashville? Hawaiian Airlines Canceling Almost All Flights Between. Please make it take a flight from kona flights should go visit the flight search on the most anticipated news. Major air carriers from the US and Canada fly directly into Kona Most of multiple direct flights are fire the US West Coast Los Angeles San Jose San Francisco Oakland Porland Seattle and Anchorage plus Denver and Phoenix and seasonally from Vancouver.
  • Nantucket Memorial Airport Page 32

    Nantucket Memorial Airport Page 32

    OFFICIAL PUBLICATION OF THE NATIONAL AIR TRANSPORTATION ASSOCIATION 2nd Quarter 2011 Nantucket Memorial Airport page 32 Also Inside: • A Workers Compensation Controversy • Swift Justice: DOT Enforcement • Benefits of Airport Minimum Standards GET IT ALL AT AVFUEL All Aviation Fuels / Contract Fuel / Pilot Incentive Programs Fuel Quality Assurance / Refueling Equipment / Aviation Insurance Fuel Storage Systems / Flight Planning and Trip Support Global Supplier of Aviation Fuel and Services 800.521.4106 • www.avfuel.com • facebook.com/avfuel • twitter.com/AVFUELtweeter NetJets Ad - FIRST, BEST, ONLY – AVIATION BUSINESS JOURNAL – Q2 2011 First. Best. Only. NetJets® pioneered the concept of fractional jet ownership in 1986 and became a Berkshire Hathaway company in 1998. And to this day, we are driven to be the best in the business without compromise. It’s why our safety standards are so exacting, our global infrastructure is so extensive, and our service is so sophisticated. When it comes to the best in private aviation, discerning fl iers know there’s Only NetJets®. SHARE | LEASE | CARD | ON ACCOUNT | MANAGEMENT 1.877.JET.0139 | NETJETS.COM A Berkshire Hathaway company All fractional aircraft offered by NetJets® in the United States are managed and operated by NetJets Aviation, Inc. Executive Jet® Management, Inc. provides management services for customers with aircraft that are not fractionally owned, and provides charter air transportation services using select aircraft from its managed fleet. Marquis Jet® Partners, Inc. sells the Marquis Jet Card®. Marquis Jet Card flights are operated by NetJets Aviation under its 14 CFR Part 135 Air Carrier Certificate. Each of these companies is a wholly owned subsidiary of NetJets Inc.
  • Summer 2018 – Gonna Fly

    Summer 2018 – Gonna Fly

    BASELine The quarterly newsletter of BASE Summer 2018 Gonna fly now Aviation Work Like an inspired Rocky Balboa training montage, BASE is inspired to fulfill client needs and program objectives in every project. Our recent work on aviation projects reflect our ability to “roll with the punches” and adapt quickly to changing requirements and roles to keep projects running on schedule and on budget. HNL IIT Mauka Extension – Commuter Terminal Relocation at Gate 6 Diamond Head Concourse, Daniel K. Inouye International Airport Honolulu, HI The Mauka Extension project is a new concourse to address the need for additional gate capacity dur- ing peak hours and new gates capable of handling larger widebody aircraft. Prior to commencing work on the Mauka Extension project, however, two local commuter carriers (Island Air and Mokulele Airlines) have to first be relocated in order to demolish the building they occupy. The State awarded Hensel Phelps a separate design-build project to renovate Gate 6 at the Diamond Head Concourse to accom- modate Island Air and to construct a new facility for Mokulele Airlines. The $40 million commuter ter- minal relocation work was put on a fast-track and BASE was retained as structural engineer of record Owner: State of Hawaii Dept. of Transportation-Airports Division to provide design and construction administration services. Architect: KBJ-L&B Architects, LLC BASE and the design-build team worked very expediently to complete the design and construction of Gate 6 for Island Air’s Contractor: Hensel Phelps and Mokulele’s relocation. Unfortunately, in November 2017 Island Air declared bankruptcy, leaving the space at Gate 6 vacant.
  • Airport Fountain

    Airport Fountain

    61 far from solution. The difficulties of acquiring land and financing for this costly project appeared overwhelming. Mean- while, fuel tankers continued to make their noisy take-offs over Honolulu. The airport hoped there would be a technical development that would eliminate the need for this flight path. Highlights July 1, 1962 The Hawaii Visitors Information Program was established to welcome passengers at Honolulu International Airport and Honolulu Harbor, to encourage travel to the Neighbor Islands, and to provide information and other help to airport and harbor visitors. As of June 30, 1963, the staff of the HVIP consisted of 33 full-time and nine part-time employees. July 10, 1962 The widening of Taxiway X and restoration of P Road with a crossing over a new drainage ditch was com- pleted at a cost of $113,463.82. July 22, 1962 The Empress of Lima, a four-engine Britannia jet turboprop, crashed at 11:19 p.m. and burned while making an approach to Runway 8 on the Hickam Field portion of the airport. Twenty-seven persons were killed and 13 survived. It was the worst civil air carrier accident in the Islands’ history. The Air Force Fire Department acted promptly to minimize loss of life. Personnel of the Airport, Navy and City and County assisted in fighting the fire, maintaining order, and pro- viding ambulances and other services. The crash dramatically showed the need for continued cooperation between the Air Force and the airport. Several meetings were held after the crash and a number of suggestions developed for further improvement of the pattern for teamwork.