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
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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
ƒ Modern aircraft fleet
ƒ Maintenance according to EASA (JAR) international standards
ƒ Professional management
ƒ Training of personnel in the best training centres
ƒ Recognition by the international organizations
ƒ Cooperation with the world’s largest airlines
ƒ Self-financed expansion of the airline – during less than three
ƒ
ƒ
ƒ
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
ƒ Bringing additional aircraft of Boeing 757-200 type
ƒ Operating jet aircraft on longer domestic routes
ƒ In long-tem possibly Boeing 787 or Airbus A350
28
Boeing 787 – Range Capabilities
29
The Future of the Airline – Route Development
Option
ƒ
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