air astana the national carrier of kazakhstan
Transcription
air astana the national carrier of kazakhstan
AIR ASTANA THE NATIONAL CARRIER OF KAZAKHSTAN 6 May 2005 The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of the Asian Development Bank. The Asian Development Bank does not guarantee the accuracy of the data presented. 1 Kazakhstan Fast growing economy - during 2004 the GDP increased by 9.3% Great potential for transit traffic due to the favorable geographic location along the great circle route Significant oil and mineral resources – 59.2 millions tons of oil exported in 2004 Kazakhstan is the first CIS state which received the investment grading from major rating agencies Moody’s, Standard & Poor’s and Fitch Rating Kazakhstan is considered as one of the most politically stable countries in the region Total foreign investments in Kazakhstan – U.S. $34.5 billion 2 National Carriers of Kazakhstan Before 1991 (before independence of Kazakhstan) - “Aeroflot” (Civil Aviation System of the USSR) 1993 - “Kazakhstan Aue Zholy” was established based on the assets of “Aeroflot” in Kazakhstan, including aircraft fleet, all domestic airports, navigation. Bankrupted in 1996 1996 - “Air Kazakhstan” was created based on the assets of bankrupted “Kazakhstan Aue Zholy” 1999 - “Air Kazakhstan” was consolidated with other domestic carriers, airports and navigation into “Air Kazakhstan Group”, which was liquidated in 2000 2004 - “Air Kazakhstan” having the obsolete fleet and being insolvent was bankrupted 2001 - “Air Astana” was established as a new airline totally unrelated to the previous national carriers 3 Shareholders in Air Astana CJSC Government of RK: 51%. $8 670 000 BAE SYSTEMS: 49%. $8 330 000 Total capital invested: $17 000 000 4 Official Presentation of Air Astana 10 June 2002 – official presentation of Air Astana at International Astana Airport 5 Fleet Type of Aircraft Number Boeing 737-800 1 Boeing 737-700 2 Boeing 757-200 3 Fokker 50 5 Total Fleet 11 6 Routes Network Jet Fleet 7 Domestic Routes within Kazakhstan 8 Personnel As of 5 April 2005: Pilots 147 Cabin Crew 286 116 Engineers and Technicians Total Employees Including foreign managers and specialists 1020 8 9 0 1 000 01.12.04 01.10.04 01.08.04 01.06.04 01.04.04 01.02.04 01.12.03 01.10.03 01.08.03 01.06.03 01.04.03 01.02.03 01.12.02 01.10.02 01.08.02 01.06.02 01.04.02 01.02.02 01.12.01 number of people Personnel Employees of Air Astana, 2001-2005 1 200 1020 800 600 400 200 10 Personnel and Training Flight and Cabin Crews and Engineers have been trained by the best international professional training centers: Pilots and Cabin Crews: 4 4 4 4 4 Boeing Training Center, Seattle, USA – В737 Turkish Airlines, Istanbul – В737 British Airways, London – В757 САЕ Emirates, Dubai – В737 CAE Maastricht, Netherlands – Fokker50 Engineers: 4 4 4 4 Boeing Training Center, Seattle, USA – 737NG and 757 KLM UK – Fokker 50 CFM/SNECMA, France – CFM56 Engine Turkish Airlines, Istanbul – CFM56 Engine run-up 11 Maintenance Aircraft maintenance program is developed based on manufacturer’s programs and compliant with the EASA (JAR) and FAA requirements C-checks and mandatory modifications of B737 aircraft have been completed at the base of KLM in Amsterdam; reconfiguration and modifications of B757 aircraft have been completed at BASCO Maintenance Center, UK; C-Checks of B757 aircraft operated by Air Astana will be completed in the second quarter of 2005 by ATC Lasham in the UK Line maintenance is undertaken by Air Astana Air Astana has the largest store of spare parts for western aircraft in Kazakhstan Air Astana has been certified for maintaining aircraft to EASA (JAR) 145 standards 12 Commercial Activity IATA active membership obtained in August 2003 Active membership of MITA/ICH Lufthansa/Amadeus Multi-host System as Inventory System Membership of BSP IATA (distributive systems for sales) in China, Turkey, South Korea, Germany, Great Britain and Netherlands Concluded 47 interline agreements, including: 9 KLM/Northwest 9 Lufthansa 9 Emirates 9 British Airways 9 Turkish Airlines 9 United Airlines 9 JAL 13 Operational Results Growth of Number of Passengers on Flights of Air Astana, 2002-2004 842 885 Number of passengers 900 000 800 000 700 000 118% growth 600 000 500 000 387 465 400 000 300 000 200 000 164 650 135% growth 100 000 0 2002 2003 2004 14 Operational Results Growth of Number of Flights of Air Astana, 2002-2004 Number of Flights 14 000 11 961 12 000 10 000 8 000 6 000 4 000 2 155 2 000 115% growth 4 636 158% growth 0 2002 2003 2004 15 Traffic Growth Number of Passengers 250 000 72% 70% 200 000 231 440 196 627 150 000 61% 100 000 50 000 105 992 2002 2003 74% 72% 70% 68% 66% 64% 62% 60% 58% 56% 54% Average Load Factor Almaty - Astana (operated from May 2002) 2004 16 Traffic Growth Number of Passengers 60 000 78% 69% 50 000 40 000 48 490 47% 33 247 30 000 20 000 17 385 10 000 2002 2003 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Average Load Factor Almaty - Aktau (operated from May 2002) 2004 17 Traffic Growth 45 000 40 000 35 000 30 000 25 000 20 000 15 000 10 000 5 000 - 74% 63% 79% 41 956 32 835 14 669 2002 2003 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Average Load Factor Number of Passengers Almaty - Aktobe (operated from May 2002) 2004 18 Traffic Growth Almaty - Moscow (operated from September 2002) 66% 70 000 60 000 50 000 73% 70% 67 249 48% 80% 60% 50% 55 470 40 000 40% 30 000 30% 20 000 20% 11 813 10 000 10% - 0% 2002 2003 Average Load Factor Number of Passengers 80 000 2004 19 Traffic Growth Almaty - Dubai (operated from August 2002) Number of Passengers 25 000 56% 70% 60% 24 673 20 000 60% 50% 17 043 15 000 10 000 80% 40% 30% 6 674 20% 5 000 10% - Average Load Factor 75% 30 000 0% 2002 2003 2004 20 Average Load Factors Average Load Factors for 2004 - International Routes (Selective) 80% 70% 60% 50% 40% 30% 20% 10% 0% 65% 71% 64% 76% 59% 60% 67% -A m st er da U ra m ls k -A m st er da As m ta na -F ra nk fu rt As ta na -H an ov er au At yr Al m at y -B ei j in g ub ai -D Al m at y -D Al m at y st an bu Al m at y -M Al m at y -I os co w eo ul l el hi 49% -S Al m at y 75% 73% 21 56% en -S og em ip al at As in ta sk na -K os ta na As i ta na -T ar az st Ka m av lo da r ke nt 71% As ta na -U -P hy m 50% Al m at y Al m at y yz il O rd a kt ob e 79% -S -K -A ra ls k 78% Al m at y Al m at y Al m at y -U kt au 69% Al m at y -A 72% Al m at y ty ra u st an a -A -A 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Al m at y Al m at y Average Load Factors Average Load Factors for 2004 - Domestic Routes (Selective) 65% 70% 57% 66% 57% 22 Profit and Loss Account for 2004 Total for 2004 Budget for 2004 Operating Revenues 206 748 153 038 Operating Expenses 187 904 160 867 309 (75) Income Before Taxes 19 153 (7 904) Corporate Income Tax (9 836) (1 200) 2 409 2 625 11 725 (6 479) Thousand US$ Other Revenues/Expenses State Subsidies Profit (Loss) After Taxes 23 Balance Sheet as of 01.01.2005 Thousand US$ Actual Budget Fixed Assets 13,344 8,203 Current Assets, including: 45,055 31,219 Cash and Equivalents 22,484 10,812 Current Liabilities 30,909 31,288 Net Current Assets 14,146 (70) Total Net Assets 27,490 8,133 Initial Shareholders Capital 17,000 17,000 Re-evaluation of Capital/Reserves (Exchange Rate Difference) 2,620 1,006 Retained Profit (Loss) 7,870 (9,873) 27,490 8,133 Total Shareholders’ Equity 24 Payments to State Budget Kazakhstan has invested the amount equal to US$8,6 million to the charter capital of Air Astana Less than in 3 years of operations the airline has paid to the state budget 4 billion 207 million KZT (over US$30 million) Payments to the state budget during 2001 - 2005 (Total 4 billin 207 mln KZT) 2 500 000 000 2 048 439 000 KZT 2 000 000 000 1 500 000 000 1 073 334 000 1 000 000 000 500 000 000 0 591 262 000 492 411 000 1 219 000 2001 2002 2003 2004 as at 16.03.2005 25 Air Astana Today Modern aircraft fleet Maintenance according to EASA (JAR) international standards Professional management Training of personnel in the best training centres Recognition by the international organizations Cooperation with the world’s largest airlines Self-financed expansion of the airline – during less than three years of operations the airline has not used any external borrowings or raised any additional funds from the shareholders Financial stability Perfect reputation of meeting its financial obligations Total payments to budget - over US$30 million as compared to the initial investments of the Government of US$8,6 million 26 Air Astana Success of the young Kazakhstan airline brings attention of foreign mass media 27 The Future of the Airline – Fleet Options Bringing additional aircraft of Boeing 757-200 type Operating jet aircraft on longer domestic routes In long-tem possibly Boeing 787 or Airbus A350 28 Boeing 787 – Range Capabilities 29 The Future of the Airline – Route Development Option Transit traffic – development of the “sixth freedom” airline carrying passengers from Europe to South-East Asia and Far East through Kazakhstan 30 AIR ASTANA - THE NATIONAL AIRLINE OF KAZAKHSTAN April 2005 April 2005 31