We expect to see a booming ACMI market!
"Even though we are facing one of the biggest calamities in history, I still believe we will come out on top" said Chairman of the Group, Mr. Dustin Paul Wilden in a recent interview. He believes the ACMI market will grow exponentially over the next coming years: "As we see legacy airlines around the world suffering from low yield and financial instability, requires an urgent need for fleet scalability. The majority of airlines are forced to downsize their operation, aligning their businesses with current market demands in order to survive. This will leave a surplus of aircraft on ground, attracting entrepreneurs and new startup airlines." He added.
ALAS Group expanding its MRO activities as the aviation industry slowly recovers.
Executive Vice President - Mr. Navin Shrestha seen here inspecting a CFM engine, says the Group needs to prepare itself globally as airlines around the world slowly recovers from the pandemic: “We need to be able to supply our clients worldwide with vital spare parts from day one, as they get ready to commence operation. It’s crucial that we are able to sustain the industry and minimize further sufferings.”
ALAS Group is currently monitoring government decisions around the world as more countries are slowly recovering from the coronavirus. “We need to be prepared to offer our full support through all our business units, as the industry and the economy is extremely fragile, and requires our full attention.” He added.
The Impact The Coronavirus Has On The Indian Sub-Continent and The Aviation Industry.
The impact of the coronavirus has been considerable. In the span of just four weeks, airlines from the Indian Sub-continent have suspended international travel and cut domestic schedules. These moves come as governments place more restrictions on travel and the coronavirus shows no signs of slowing. The trillion-dollar question in today’s world is how long will the coronavirus continue to spread? In the Indian Sub-continent, the number of cases only seems to be growing every day and shows no signs of slowing. This has caused the aviation industry to go into a tailspin, with demands evaporating overnight and stocks nosediving. However, things are only set to get worse in the coming weeks. The governments of the Indian Sub-Continent countries is indeed in the process of negotiating a bailout package for airlines. This will likely include a temporary suspension of government-imposed taxes as well as deferred payment of taxes such as fuel surcharges. The move will provide a short-term impetus to the carriers, but airlines will need a lot more to survive. If the situation drags on, airlines will likely require aid in the form of direct capital to continue paying salaries and keeping planes in the sky. However, the government’s prompt response will definitely help airlines survive in the next few weeks.
ALAS Group in discussion with the government of Nepal about a new training facility in Kathmandu.ALAS Group considers establishing an ATO (Approved Training Organization) in Nepal, focusing primarily on pilot training and cabin training.
This will be the first of its kind in Nepal and a two-figured million-dollar investment in Kathmandu, if the stakeholders comes to an agreement.
After discussing with both Mr. Yogesh Bhattarai, Minister of Culture, Tourism and Civil Aviation. and Mr. Rajan Pokhrel, Director General of CAAN, ALAS Group is in the final stage of deciding to move forward with an ATO in Nepal.
Mr. Dustin Paul Wilden, Chairman of ALAS Group, who had meetings with both parties, explains that the interest from the stakeholders are important to motivate future investments in Nepal. “We will now discuss internally how to continue, with the inputs and requirements from CAAN and the rest of the stakeholders. We hope to have a plan ready no later than end February 2020, but this of course all depends on the inputs.” he adds.
Mr. Dustin Paul Wilden, Chairman of ALAS Group, had a really busy week in Nepal, discussing numerous opportunities for the aviation industry in Nepal with all the major stakeholders. Supported by our professional local team, he managed to meet with all the influential people from the industry, including Mr. Yogesh Bhattarai,
Minister of Culture, Tourism and Civil Aviation
In this photo he’s seen with Mr. Madan Kharel, Executive Chairman of Nepal Airlines after a fruitful meeting.
Words from our Dubai team.
The Middle East continues its growth, yet not as fast as Asia’s. However, the level of requests we’ve seen in this region has shown an increase in demands for our ACMI and wet lease services. Typically our midsize aircraft’s like the Airbus A320 and our long-haulers like the Boeing 777-300. The same counts for our consultancy division where we’ve seen an increase in inquiries for our management services, assisting the airlines in the region with both their operations and their growth. The conclusion so far is, we expect to see a slight increase in all our business areas, with only 3 months left of 2019.
ALAS Group visits CAAN at their headquarters in Kathmandu to discuss a future ATO in Nepal.
ALAS Group is focusing on expanding its services in Asia, which includes both pilot and cabin training for the Asian market. Chairman of the Board, Mr. Dustin Paul Wilden had the first informal meeting with Director General, Mr. Rajan Pokhrel regarding the initial startup requirements.
“We’ve been following the growth pattern closely in Asia, and the executive board has decided to move forward with an independent ATO facility in Central Asia. Among our choices is Nepal, which is located in the heart of the Himalayan mountains and strategically well-equipped to support such an establishment.” said Chairman of the Board, Mr. Dustin Paul Wilden.
“We’ve had discussions with a few suppliers regarding an ATR simulator, to cover both present and future market demands in Asia, and have almost completed our studies. The requirements from CAAN are equally important in order to finalize our business plan.” he added.
ALAS Group is looking forward to working with both CAAN and the Government of Nepal.