DOCSLIB.ORG

The Emirates Group Annual Report | 2017-2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Emirates Group Annual Report | 2017-2018 ON COURSE ANNUAL REPORT 2017-18 THE EMIRATES GROUP ANNUAL REPORT 2017-18 Overview His Highness Sheikh Mohammed bin Rashid Al Maktoum Emirates Vice President and Prime Minister of the UAE and Ruler of Dubai dnata Group 2018 marks 100 years since the birth of the late Sheikh Zayed bin Sultan Al Nahyan, the founding father of the UAE. It is an appropriate Financial Information time to reflect on his vision and legacy which has shaped and guided Additional the journey of our nation for more than four decades. Information We are moving into a future where change will be constant and people will experience unprecedented transformation in their daily lives. More than ever, Sheikh Zayed’s values of wisdom, respect, sustainability, and human development will provide a strong compass for the UAE and Dubai’s plans to build the most advanced, inclusive and prosperous city in the world. Every year, the UAE makes great strides in its pursuit of overall excellence. In the latest edition of the World Bank’s “Doing Business” report, we moved up five positions to rank 21st in the world for Ease of Doing Business. For the fifth year in a row, we were also the highest ranked Arab nation in the list. The UAE’s global competitiveness has been the result of our forward looking and broad-based economic diversification strategy. From our modest beginnings as a trading post, Dubai has grown in importance as a regional hub for financial services, transport, construction and many other sectors. We have been able to achieve this position by harnessing the advantages of our geographical location and by embracing the principles of free market competition. 2 THE EMIRATES GROUP ANNUAL REPORT 2017-18 We have invested in building a best-in-class physical The Emirates Group is one of the UAE corporations that infrastructure to support a thriving and diverse economy, is closely linked to the UAE and Dubai’s development. and consciously worked towards building an open and Emirates and dnata’s relentless pursuit of excellence, inclusive society focused on the happiness and prosperity innovation and sustainability, reflect the values that have of our citizens, residents and visitors. underpinned the progress of our nation. Our ambition is to make Dubai a global hub for They have both grown from their base in Dubai to Overview innovation and development, through a comprehensive achieve global prominence with operations spanning transformation agenda outlined in our Dubai Plan 2021 over 84 countries and a strong reputation for quality. Emirates and Smart Dubai 2021 strategies. Expo 2020 Dubai will Embracing competition and constant change, the Group dnata offer yet another platform to connect minds across has remained successful through the years by continually Group geographical boundaries and build bridges that will investing in people, infrastructure and technology, and by Financial contribute immensely towards our ability to adapt to having an unbroken commitment to transformation Information change and transition to a knowledge-based economy. and excellence. Additional Information By placing the wellbeing of people at the heart of our The track record of the Emirates Group leaves me in no strategy and by giving top priority to sustainability, we are doubt that it will continue to make a strong and positive driving well-rounded growth, which in turn will increase impact on the success story of Dubai and the UAE in the opportunities, attract innovators, and deliver tangible years to come. progress and a better quality of life. The Ghaf tree (prosopis cineraria) is the national tree of the UAE. Indigenous to the UAE, it is sturdy, evergreen and drought tolerant 3 THE EMIRATES GROUP ANNUAL REPORT 2017-18 Overview Emirates dnata Group Financial Information Emirates is a global airline, serving 155 airports in 83 countries from its hub in Dubai, Additional Information United Arab Emirates. Operating the world’s largest fleets of Airbus A380 and Boeing 777 aircraft, its main activity is the provision of commercial air transportation services. dnata is one of the largest combined air services providers in the world, serving over 300 airlines in 35 countries. dnata’s main activities are the provision of cargo and ground handling, catering and travel services. Emirates and dnata are independent entities and do not form a group as defined by International Financial Reporting Standards. However, these entities are under common management. Therefore, in the Management Review section of this document, they are together referred to as the Emirates Group. 4 THE EMIRATES GROUP ANNUAL REPORT 2017-18 Overview Emirates dnata 6 FINANCIAL HIGHLIGHTS Group 8 CHAIRMAN’S STATEMENT Financial Information 12 LEADERSHIP Additional Information 14 EMIRATES: DELIVERING RESULTS 38 DNATA: ANOTHER OUTSTANDING YEAR 62 GROUP KEY EVENTS 20 INVESTING IN OUR STATE-OF-THE-ART FLEET 47 INDUSTRY LEADERSHIP AT WORLD’S BUSIEST 70 OUR GROWING NETWORK INTERNATIONAL HUB 22 STRENGTHENING OUR GLOBAL NETWORK 75 EMIRATES FINANCIAL COMMENTARY 51 BUILDING A QUALITY REPUTATION ACROSS OUR 24 AIR CARGO INDUSTRY LEADERSHIP 85 DNATA FINANCIAL COMMENTARY GLOBAL OPERATIONS 28 MAKING FLYING BETTER 91 EMIRATES INDEPENDENT AUDITOR’S REPORT 55 GLOBAL EXPERTS IN WORLD CUISINES 32 BUILDING OUR BRAND 96 EMIRATES CONSOLIDATED FINANCIAL STATEMENTS 59 GLOBAL PRODUCTS, SERVICES AND EXPERTISE 36 OUR PEOPLE, OUR SUCCESS 139 DNATA INDEPENDENT AUDITOR’S REPORT 142 DNATA CONSOLIDATED FINANCIAL STATEMENTS 180 ADDITIONAL INFORMATION 182 EMIRATES TEN-YEAR OVERVIEW 184 DNATA TEN-YEAR OVERVIEW 186 GROUP TEN-YEAR OVERVIEW 187 GROUP COMPANIES OF EMIRATES 188 GROUP COMPANIES OF DNATA 5 190 GLOSSARY THE EMIRATES GROUP ANNUAL REPORT 2017-18 Overview Emirates Financial Highlights dnata Emirates Group Group Financial highlights 2017-18 2016-17 % change Financial Revenue and other operating income* AED m 102,409 94,706 8.1 Information Operating profit AED m 5,282 3,659 44.4 Additional Operating margin % 5.2 3.9 1.3 pts Information Profit attributable to the Owner AED m 4,113 2,460 67.2 Profit margin % 4.0 2.6 1.4 pts Financial position Total assets** AED m 141,625 133,281 6.3 Cash assets AED m 25,365 19,066 33.0 Employee data Average employee strength number 103,363 105,746 (2.3) * After eliminating inter company income/expense of AED 2,987m in 2017-18 (2016-17: AED 2,559m). ** After eliminating inter company receivables/payables of AED 254m in 2017-18 (2016-17: AED 324m). Percentages and ratios are derived based on the full figure before rounding. The financial year of the Emirates Group is from 1 April to 31 March. Throughout this report all figures are in UAE Dirhams (AED) unless otherwise stated. The exchange rate of the Dirham to the US Dollar is fixed at 3.67. 6 THE EMIRATES GROUP Revenue and operating income in AED m Profit attributable to the Owner in AED m Revenue and operating income in AED m Profit attributable to the Owner in AED m ANNUAL REPORT 2017-18 17-18 92,322 17-18 2,796 17-18 13,074 17-18 1,317 16-17 85,083 16-17 1,250 16-17 12,182 16-17 1,210 15-16 85,044 15-16 7,125 15-16 10,630 15-16 1,054 14-15 88,819 14-15 4,555 14-15 9,160 14-15 906 13-14 82,636 13-14 3,254 13-14 7,565 13-14 829 Overview Emirates dnata Emirates dnata Group Financial highlights 2017-18 2016-17 % change Financial highlights 2017-18 2016-17 % change Financial Revenue and results Revenue and results Information Revenue and other operating income AED m 92,322 85,083 8.5 Revenue and other operating income AED m 13,074 12,182 7.3 Additional Operating profit AED m 4,086 2,435 67.8 Operating profit AED m 1,196 1,224 (2.3) Information Operating margin % 4.4 2.9 1.5 pts Operating margin % 9.1 10.0 (0.9) pts EBITDAR AED m 24,970 21,248 17.5 Profit attributable to the Owner AED m 1,317 1,210 8.8 EBITDAR margin % 27.0 25.0 2.0 pts Profit margin % 10.1 9.9 0.2 pts Profit attributable to the Owner AED m 2,796 1,250 123.7 Return on shareholder's funds % 19.3 20.3 (1.0) pts Profit margin % 3.0 1.5 1.5 pts Return on shareholder's funds % 7.9 3.8 4.1 pts Financial position Total assets AED m 14,292 12,047 18.6 Financial position Cash assets AED m 4,945 3,398 45.5 Total assets AED m 127,587 121,558 5.0 Cash assets AED m 20,420 15,668 30.3 Key operating statistics Net debt (including aircraft operating Aircraft handled number 659,591 623,611 5.8 lease) to equity ratio % 216.4 237.9 (21.5) pts Cargo handled tonnes '000 3,083 2,844 8.4 Meals uplifted number '000 55,718 60,747 (8.3) Airline operating statistics Travel services: Passengers carried number '000 58,485 56,076 4.3 Total Transaction Value (TTV) AED bn 11.3 10.7 5.6 Cargo carried tonnes '000 2,623 2,577 1.8 Passenger seat factor % 77.5 75.1 2.4 pts Employee data Overall capacity ATKM million 61,425 60,461 1.6 Average employee strength number 41,007 40,978 0.1 Available seat kilometres ASKM million 377,060 368,102 2.4 Aircraft number 268 259 9 nos Employee data Average employee strength number 62,356 64,768 (3.7) 7 THE EMIRATES GROUP ANNUAL REPORT 2017-18 Overview Chairman’s statement Emirates dnata Ready to face challenges Group and maximise opportunities Financial Information Our core businesses of aviation and travel have always been vulnerable Additional to market dynamics and unexpected events, whether natural or Information man-made.
Load more

Recommended publications
  • Investment Corporation of Dubai and Its Subsidiaries
    Investment Corporation of Dubai and its subsidiaries CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 Investment Corporation of Dubai and its subsidiaries CONSOLIDATED INCOME STATEMENT Year ended 31 December 2013 2013 2012 Notes AED’000 AED’000 *(Restated) Continuing operations Revenues 39 178,262,800 150,990,148 Cost of revenues (145,651,253) (123,141,479) ————— ————— 32,611,547 27,848,669 Other income 3 5,169,751 4,459,073 Net gain from derivative instruments 48,345 181,176 General, administrative and other expenses (15,889,389) (13,881,252) Net impairment losses on financial assets 4 (4,984,691) (3,801,175) Other finance income 5 764,400 904,739 Other finance costs 6 (3,520,715) (2,496,589) Share of results of associates and joint ventures 15 2,497,841 2,620,836 ————— ————— PROFIT FOR THE YEAR BEFORE INCOME TAX FROM CONTINUING OPERATIONS 16,697,089 15,835,477 Income tax expense 7 (895,563) (984,833) ————— ————— PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS 15,801,526 14,850,644 Discontinued operations Profit for the year / period from discontinued operations 23 (a) and 23 (c) 1,790,945 1,618,989 ————— ————— PROFIT FOR THE YEAR 8 17,592,471 16,469,633 ═══════ ═══════ Attributable to: The equity holder of ICD 14,591,403 13,973,267 Non-controlling interests 3,001,068 2,496,366 ————— ————— 17,592,471 16,469,633 ═══════ ═══════ * Certain comparatives as disclosed in note 2.3 have been restated due to the adoption of IFRS 10 by the Group. The attached notes 1 to 42 form part of these consolidated financial statements.
    [Show full text]
  • AI, Robots, and Swarms: Issues, Questions, and Recommended Studies
    AI, Robots, and Swarms Issues, Questions, and Recommended Studies Andrew Ilachinski January 2017 Approved for Public Release; Distribution Unlimited. This document contains the best opinion of CNA at the time of issue. It does not necessarily represent the opinion of the sponsor. Distribution Approved for Public Release; Distribution Unlimited. Specific authority: N00014-11-D-0323. Copies of this document can be obtained through the Defense Technical Information Center at www.dtic.mil or contact CNA Document Control and Distribution Section at 703-824-2123. Photography Credits: http://www.darpa.mil/DDM_Gallery/Small_Gremlins_Web.jpg; http://4810-presscdn-0-38.pagely.netdna-cdn.com/wp-content/uploads/2015/01/ Robotics.jpg; http://i.kinja-img.com/gawker-edia/image/upload/18kxb5jw3e01ujpg.jpg Approved by: January 2017 Dr. David A. Broyles Special Activities and Innovation Operations Evaluation Group Copyright © 2017 CNA Abstract The military is on the cusp of a major technological revolution, in which warfare is conducted by unmanned and increasingly autonomous weapon systems. However, unlike the last “sea change,” during the Cold War, when advanced technologies were developed primarily by the Department of Defense (DoD), the key technology enablers today are being developed mostly in the commercial world. This study looks at the state-of-the-art of AI, machine-learning, and robot technologies, and their potential future military implications for autonomous (and semi-autonomous) weapon systems. While no one can predict how AI will evolve or predict its impact on the development of military autonomous systems, it is possible to anticipate many of the conceptual, technical, and operational challenges that DoD will face as it increasingly turns to AI-based technologies.
    [Show full text]
  • Gateway 2020 Strategy and H1 2015 Results
    TITLE SIZES Gateway 2020 strategy COVER TITLE and H1 2015 results Arial Headings Bold 28 point / Dark Blue / Accent 1 SUBTITLE Investors Day presentation Arial Headings Bold 18point / 80% Grey September 3, 2015 DATE Arial Headings Regular © Copyright gategroup 2015 14point / 80% Grey gategroup Investor Day Table of Contents 1 Gateway 2020 strategy 2 1H 2015 Financial review 3 Conclusions 2 PHOTO(1) SLIDE INSERT PICTURE gategroup Investor Day 3 1 Schedule Right-click on existing picture and choose Fill/ 12.30 - 14.00 Lunch gategroup team Picture or Texture Fill. 14.00 - 16.00 Presentation and Q&A Xavier Rossinyol / 2 Christoph Schmitz Choose Insert from File, find the image and click 16.00 - 17.00 Apèro & Kitchen Tour gategroup team ´Insert´ Insert 3 If needed, select picture and ‘Send to Back’ gategroup H1 Results and Strategy Review – September 2015 gategroup Investor Day Table of contents 1 Gateway 2020 strategy • gategroup Today • Key Industry Trends • 2020 Gateway Strategy 2 1H2015 Financial Review 3 Conclusions PHOTO(1) SLIDE INSERT PICTURE What is gategroup? 5 1 gategroup is the leading global, independent airline caterer and on board passenger experience Right-click on existing picture and choose Fill/ gategroup is the leading… Picture or Texture Fill. …global … specialized in: …independent ▶ catering and hospitality ▶ provisioning and logistics …airline caterer ▶ on board products and services …and on board passenger experience 2 Market Share Customer Segmentation Product and Segmentation Choose Insert from File, find the image and click ´Insert´ gategroup, 21% Retail on Non-Aviation, Board, 8% Other, 2% 2% Equipment, Insert 9% Other, 37% 3 If needed, select picture Flying Food, 1% and ‘Send to Back’ SATS, 2% LSG, 20% Catering and Do & Co, 2% Handling, Dnata, 6% Hospitality, Newrest, 5% Servair, 6% 26% Aviation, 98% 56% Source: gategroup gategroup H1 Results and Strategy Review – September 2015 PHOTO(1) SLIDE INSERT PICTURE What is gategroup? 6 1 Key Figures Right-click on existing picture and choose Fill/ Picture or Texture Fill.
    [Show full text]
  • Aviation Week & Space Technology
    STARTS AFTER PAGE 34 Using AI To Boost How Emirates Is Extending ATM Efficiency Maintenance Intervals ™ $14.95 JANUARY 13-26, 2020 2020 THE YEAR OF SUSTAINABILITY RICH MEDIA EXCLUSIVE Digital Edition Copyright Notice The content contained in this digital edition (“Digital Material”), as well as its selection and arrangement, is owned by Informa. and its affiliated companies, licensors, and suppliers, and is protected by their respective copyright, trademark and other proprietary rights. Upon payment of the subscription price, if applicable, you are hereby authorized to view, download, copy, and print Digital Material solely for your own personal, non-commercial use, provided that by doing any of the foregoing, you acknowledge that (i) you do not and will not acquire any ownership rights of any kind in the Digital Material or any portion thereof, (ii) you must preserve all copyright and other proprietary notices included in any downloaded Digital Material, and (iii) you must comply in all respects with the use restrictions set forth below and in the Informa Privacy Policy and the Informa Terms of Use (the “Use Restrictions”), each of which is hereby incorporated by reference. Any use not in accordance with, and any failure to comply fully with, the Use Restrictions is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum possible extent. You may not modify, publish, license, transmit (including by way of email, facsimile or other electronic means), transfer, sell, reproduce (including by copying or posting on any network computer), create derivative works from, display, store, or in any way exploit, broadcast, disseminate or distribute, in any format or media of any kind, any of the Digital Material, in whole or in part, without the express prior written consent of Informa.
    [Show full text]
  • Fairness Opinion – Gategroup Holding AG
    Fairness Opinion – gategroup Holding AG Fairness Opinion on the public tender offer by HNA Group Co., Ltd. to acquire gategroup Holding AG 19 May 2016 Fairness Opinion – gategroup Holding AG Contents . Introduction . Company . Valuation Considerations . Result of the Fairness Opinion . Appendices Private & confidential 2 Fairness Opinion – gategroup Holding AG Introduction . Background . Mandate of N+1 . Evaluation Procedure . Information Basis Private & confidential 3 Fairness Opinion – gategroup Holding AG Introduction Background Background . gategroup AG (“gategroup” or the “Company”) is listed on the SIX Swiss . On 11 April 2016, HNA Group Co., Ltd. (“HNA Group”) published a pre- Exchange with a market capitalization of CHF 1,172m as at 8 April announcement stating its intention to submit an all-cash public tender 2016. gategroup specializes in catering and hospitality; provisioning and offer to the gategroup shareholders to purchase all publicly held logistics; and onboard solutions for major airlines and other companies registered Shares for a price of CHF 53.00 per Share. In addition, the around the world public tender offer will allow for non-dilutive dividend payments to gategroup shareholders of CHF 0.30 per gategroup share which have . gategroup employs approx. 29,000 people and generated revenues of been approved by the ordinary general shareholder meeting of CHF 3.0bn in financial year 2015. The Company has its global gategroup on 14 April 2016. Both elements (the offer price of CHF 53.00 headquarter and headquarter for Europe in Zurich Kloten, Switzerland, per Share and the dividend payment of CHF 0.30 per Share) are with regional headquarters for North America in Reston, Virginia (USA), considered integrated and are hereinafter together referred to as “HNA for Latin America in Miami (USA), for Middle East in Abu Dhabi and for Group Offer” Asia pacific in Singapore.
    [Show full text]
  • China at the Gates a New Power Audit of Eu-China Relations
    CHINA AT THE GATES A NEW POWER AUDIT OF EU-CHINA RELATIONS François Godement & Abigaël Vasselier ABOUT ECFR The European Council on Foreign Relations (ECFR) is the first pan-European think-tank. Launched in October 2007, its objective is to conduct research and promote informed debate across Europe on the development of coherent, effective and values- based European foreign policy. ECFR has developed a strategy with three distinctive elements that define its activities: • A pan-European Council. ECFR has brought together a distinguished Council of over two hundred Members - politicians, decision makers, thinkers and business people from the EU’s member states and candidate countries - which meets once a year as a full body. Through geographical and thematic task forces, members provide ECFR staff with advice and feedback on policy ideas and help with ECFR’s activities within their own countries. The Council is chaired by Carl Bildt, Emma Bonino and Mabel van Oranje. • A physical presence in the main EU member states. ECFR, uniquely among European think-tanks, has offices in Berlin, London, Madrid, Paris, Rome, Sofia and Warsaw. Our offices are platforms for research, debate, advocacy and communications. • Developing contagious ideas that get people talking. ECFR has brought together a team of distinguished researchers and practitioners from all over Europe to carry out innovative research and policy development projects with a pan-European focus. ECFR produces original research; publishes policy reports; hosts private meetings, public debates, and “friends of ECFR” gatherings in EU capitals; and reaches out to strategic media outlets. ECFR is a registered charity funded by the Open Society Foundations and other generous foundations, individuals and corporate entities.
    [Show full text]
  • Emirates Group Announces Half‐Year Performance for 2019‐20, with AED 1.2 Billion Profit, 7.9% Increase in Passengers Carried to Dubai
    Emirates Group announces half‐year performance for 2019‐20, with AED 1.2 billion profit, 7.9% increase in passengers carried to Dubai Group: Revenue down 2% to AED 53.3 billion (US$ 14.5 billion), and profit of AED 1.2 billion (US$ 320 million), up 8%. Results impacted by Dubai International Airport (DXB) runway closure, decline in fuel cost, unfavourable currency movements, and bankruptcy of Thomas Cook. Emirates: Revenue down 3% to AED 47.3 billion (US$ 12.9 billion), and profit increase of 282% to AED 862 million (US$ 235 million). Improved seat load factor of 81.1%, up 2.3%pts, with 29.6 million passengers carried. Dubai’s strong attraction as a destination sees the airline carrying 7.9% more customers to its hub city compared to same period last year dnata: Revenue up 5% to AED 7.4 billion (US$ 2.0 billion), profit down 64% to AED 311 million (US$ 85 million), reflecting impact of Thomas Cook bankruptcy and last year’s one‐ time transaction. 51.9m meals uplifted, up 67% due to major business expansion. DUBAI, U.A.E., 7 November 2019: The Emirates Group today announced its half‐year results for its 2019‐20 financial year. Group revenue was AED 53.3 billion (US$ 14.5 billion) for the first six months of 2019‐20, down 2% from AED 54.4 billion (US$ 14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45‐day Southern Runway closure at Dubai International airport (DXB), and unfavourable currency movements in Europe, Australia, South Africa, India, and Pakistan.
    [Show full text]
  • Table of Contents
    Media Table of contents Media information & fast facts ......................................................................................................... 3 Important media information ....................................................................................................................................................4 Race week Media Center..............................................................................................................................................................4 Race week schedule of events ..................................................................................................................................................7 Quick Facts ...........................................................................................................................................................................................8 Top storylines ......................................................................................................................................................................................10 Prize purse .............................................................................................................................................................................................13 Time bonuses ......................................................................................................................................................................................14 Participant demographics ............................................................................................................................................................15
    [Show full text]
  • Everything but Fly the Planes Our Company
    Everything but fly the planes Our services on the ground keep the world in the air. In 1959, dnata began ground-handling operations with just five staff members. Today, we‟re the world‟s fourth largest combined air services provider with over 20,000 employees across five continents. We provide everything an airline needs beyond its planes, pilots and crews. Our Company - dnata In 1959, dnata was a small ground-handling operation with just five staff members. Today, we‟re one of the largest combined air services providers in the world with over 20,000 employees across the globe. Our vision for the future is to be the most admired - admired for our excellent customer service, our dedication to safety, and our imagination in developing innovative products. Today, our business can be found in 38 countries offering customers our expertise in ground handling, cargo, travel, and flight catering. Our Businesses The dnata group covers just about every aspect of the travel and aviation industry. We don‟t just deliver your baggage or the holiday of a lifetime – we help keep the promises you make to your family, clients and business partners. Ground handling Cargo Travel Flight Catering Careers at dnata India Are you keen to work for an organisation that aims to provide quality products and services to its customer? dnata may be the place for you. As a Group we are successful because we hire, engage and retain talented employees from around the world who match the „people‟ capabilities we need. However, equally important is that these talented employees have their own priorities and career aspirations met as individuals.
    [Show full text]
  • Official Media Guide
    OFFICIAL MEDIA GUIDE OCTOBER 6-11, 2015 &$ " & "#"!" !"! %'"# Table of Contents The Presidents Cup Summary ................................................................. 2 Chris Kirk ...............................................................................52 Media Facts ..........................................................................................3-8 Matt Kuchar ..........................................................................53 Schedule of Events .............................................................................9-10 Phil Mickelson .......................................................................54 Acknowledgements ...............................................................................11 Patrick Reed ..........................................................................55 Glossary of Match-Play Terminology ..............................................12-13 Jordan Spieth ........................................................................56 1994 Teams and Results/Player Records........................................14-15 Jimmy Walker .......................................................................57 1996 Teams and Results/Player Records........................................16-17 Bubba Watson.......................................................................58 1998 Teams and Results/Player Records ......................................18-19 International Team Members ..................................................59-74 2000 Teams and Results/Player Records
    [Show full text]
  • Cargo Pilots: Why Emirates Issue(See If Your Photo Made the Cut, Page 19) Matters to You Page 28 Protect Your Eyes from Laser Attacks Page 33
    SECOND ANNUAL Swimsuit Cargo Pilots: Why Emirates Issue(See if your photo made the cut, page 19) Matters to You Page 28 Protect Your Eyes from Laser Attacks Page 33 December 2012 Air Line Pilot 1 PRINTED IN THE U.S.A. PRINTED IN Stay Connected ALPA has many ways to keep you up-to-date on everything ALPA. Wordpress Facebook Twitter LinkedIn Flickr YouTube YouTube RSS Feeds TO LEARN MORE, VISIT www.ALPA.org/stayconnected A member service of Air Line Pilot. DECEMBER 2012 • VoluME 81, NuMBER 10 25 32 About the Cover A FedEx Express MD-11. Photo by F/O Heith Heitkamp (Compass). Download a QR reader to your smartphone, scan the code, and read 24 the magazine. Air Line Pilot (ISSN 0002-242X) is pub lished 32 on the monthly, except for COMMENTARY the combined January/ Bookshelf February and June/July 4 Take Note issues, by the Air Line Pilots Books Every Pilot Association, Inter national, 2013 and Beyond Should Own affiliated with AFL-CIO, CLC. Editorial Offices: 535 33 Health Watch Herndon Parkway, PO Box 5 Aviation Matters 1169, Herndon, VA 20172- Everything Matters: Almost Laser Attacks on the 1169. Telephone: 703-481- 4460. Fax: 703- 464-2114. Isn’t Good Enough Rise: How to Protect Copyright © 2012—Air Line Your Eyes Pilots Association, Inter national, 6 Guest Commentary 32 all rights reserved. Publica tion in any form without permission is prohibited. Boomerang 35 Our Stories Freight/Charter Air Line Pilot and the ALPA logo Reg. Golden Wings Past President 14% U.S. Pat. and T.M.
    [Show full text]
  • Review ANNUAL REPORT 2017/18 37 38 CHANGI AIRPORT GROUP
    36 CHANGI AIRPORT GROUP BUSINESS & OPERATIONS Review ANNUAL REPORT 2017/18 37 38 CHANGI AIRPORT GROUP GLOBAL Connectivity Connecting Singapore to over 400 cities in about 100 countries and territories worldwide EUROPE Eastern/Central Western Europe Albania Austria Azerbaijan Belgium NORTH Bulgaria Denmark AMERICA Croatia Estonia Czech Republic Faroe Islands Canada Hungary Finland United States Poland France Romania Germany Russia Great Britain (UK) SOUTH Serbia Greece AMERICA Slovenia Iceland Brazil Turkey Ireland Colombia Ukraine Italy Lithuania Luxembourg Netherlands Norway Portugal Spain Sweden Switzerland 2 City Links 50 City Links 131 City Links SOUTH NORTH EUROPE AMERICA AMERICA ANNUAL REPORT 2017/18 39 AFRICA East Africa South Africa ASIA Burundi Botswana Central Asia South Asia Ethiopia Mozambique Turkmenistan Bangladesh Kenya South Africa Uzbekistan Bhutan Mauritius Zimbabwe India Rwanda Middle East Maldives Seychelles West Africa Bahrain Nepal Tanzania Benin Qatar Sri Lanka Uganda Burkina Faso Saudi Arabia SOUTHWEST Cote d’Ivoire United Arab Emirates Southeast Asia PACIFIC North Africa Ghana Brunei Darussalam Australia Egypt Niger Northeast Asia Cambodia Cook Islands Nigeria China Indonesia Fiji Hong Kong SAR Laos New Zealand Central Africa Japan Malaysia Norfolk Island Chad Macau Myanmar Papua New Guinea Congo South Korea Philippines Samoa Republic of Congo Taiwan Thailand Solomon Islands Timor Leste Tonga Vietnam Vanuatu 28 City Links 125 City Links 72 City Links AFRICA ASIA SOUTHWEST PACIFIC 40 CHANGI AIRPORT GROUP AIR TRAFFIC
    [Show full text]