Happy New Year from all of us.As the year is coming to an end, I would like to take this opportunity, on behalf of ALAS Group, to wish you all a Happy New Year and a Prosperous 2021.
I would like to thank you for your loyal support during this challenging year. Your business enables us to support global communities, providing jobs, and assisting with economic growth and sustainable development. The Group is looking forward to seeing you all again in 2021 to a hopefully brighter future.
We are currently in the early stage of finalizing our 2020 executive summary which will be published in the beginning of 2021. This concludes the fiscal year 2020 fourth quarter and year-end results, showing visible signs of the economic impact caused by the pandemic.
2020 has disrupted many of our original plans, forcing us to deviate from current objectives. We have managed to minimize financial impacts from the pandemic, by postponing planned acquisitions and investments, including terminating some of our expansion plans in the Southeast Asia region.
Hopefully we will be able to pick up on some of our original plans in 2021, depending on how well governments are able to control the pandemic and how well they can ensure safe passage for future operations and investments, including FDI’s. We will continue to monitor the situation closely, while we remain optimistic about the future and the measures the politicians are putting in place to tackle the current situation.
We will continue to work hard in 2021 implementing strategic solutions to bring you even more value in all our business areas.
Wishing you all the best for a prosperous New Year.
Chairman of the Group
Dustin Paul Wilden
"Ensuring a stable connectivity between our continents during difficult times like these, has been a complicated task. Working around the clock to keep our current fragile infrastructure from collapsing, has yet again proven our strength as a group and our commitment to keep the skies busy.”
Executive Vice President
Introducing ALAS Group - Executive.
Unable to travel? No flights available? Feel free to contact us and we will get you on your way.
With access to numerous destinations around the world, we are your preferred choise.
Lean back and let us handle the rest.
Contact us here
Congratulations to our Chairman!
Denmark has a new Aerospace and Defence Cluster.
Center for Defence, Space & Security was recently awarded the title as Denmark’s new national aerospace and defence cluster. Dustin Paul Wilden, who is an active part of Censec’s board, has played a partial role in the new national cluster, creating a particular political focus on the aerospace and defence industry in Denmark."I'm honored to be a part of our national defence cluster. The Ministry of Higher Education and Science has recognized Censec as the new national defence cluster, which includes a stronger connection to the outside world and the global eco-system related to innovation and science. This means, from a national perspective, a higher focus on aerospace and defence related subjects which will benefit our nation in so many ways, including our multilateral connections. It has been an absolute pleasure being onboard this unique project and I'm looking forward to the road ahead." said Dustin Paul Wilden, Board of Directors at Censec in a recent interview.
News link: https://aerobd.news/index.php/2020/11/19/denmark-has-a-new-aerospace-and-defence-cluster/
ALAS Group – Executive Summary Q3 2020
We have just completed our 3rd quarter, which again emphasizes that 2020 has been a difficult and turbulent year.
Economic downturn and low growth have sent last year's expectations into the history books, with no visible health signs to be seen that things will get better soon. Continued aid packages are a necessity to stabilize and support the global economy as well as minimizing further losses on the global job market, creating an even bigger gap between a global recession and a speedy recovery.
If we look at aviation, this is probably the industry worst affected by the pandemic, with large financial losses as a result of the coronavirus.
Expensive equipment stands dormant on ground with no immediate opportunity for revenue, which has a catastrophic impact on both liquidity and profitability for the airlines and the aviation industry as a whole.
ALAS Group has worked hard on new initiatives with several stakeholders from the industry, in order to solve the crisis that the industry is facing at the moment. Among other things, we have worked closely with politicians, ministries and government advisors from around the world to expose the consequences of the travel restrictions that the airlines and the industry are subject to. Paralyzing the infrastructure has a devastating impact on the global economy, hence the reason to find a solution as soon as possible to minimize further losses and get the industry operational again. Our hard work will continue in Q4, to help find a resolution to the problem, which hopefully will bring back hope to the industry and a more promising 2021.
Looking into our different business areas we are happy to report a slight increase in our activities. Our IRL (Inventory Request Level) has seen yet another increase as expected in Q2. In Q2 we reported a 130 million-dollar IRL, but can now adjust this figure with a 100 million-dollar increase for Q3, which has reached a satisfying 230 million dollars. This is a positive development showing both signs of optimism and an interest to invest in a tough and challenging market.
Especially the African continent has shown a higher activity level, with a few new startup airlines on the horizon.
Also the Middle East has shown signs of optimism with an urgent request for new short-haul routes aligning current market demands with market capacity.
The Asian market remains stable with no unexpected activities, whereas the European and North American markets lay dormant, facing continuous layoffs. We don’t expect to see any sudden rise in activities for Q4, as global restrictions prevent the industry from realizing both growth, and even worse, break-even targets.
In august we signed an MoU with an Asian stakeholder from the renewable energy sector on a 30MW project, with a value around 50 million dollars. We are currently focusing our activities on PPP projects (public private partnership) building a stronger connection between governments and ALAS Group, as an important stakeholder from the private sector. Our goal is to become the frontrunner in the aviation industry, looking at future solid sustainability models and green tech, to support the UN's 17 goals and the industry’s contribution in minimizing carbon emissions.
With the above said, Q3 has shown a few interesting but spontaneous developments. However, we are still very skeptical about what the future holds for the aviation industry. We don’t predict any immediate resolution to the pandemic, but hope to see new technologies together with rational government decision making, preventing a further meltdown of the economy. We need to get the industry operational again and put trust back into the aviation industry. One thing is sure, the longer it takes the bigger the damage.
Chairman of the Group
Dustin Paul Wilden
ALAS Group signs MoU for development of hydropower projects in Asia.
Kathmandu, Nepal 17th August. - ALAS Group and Pike Hydropower have signed a Memorandum of Understanding (MoU) with a view to pursue a collaboration in the renewable energy sector, endorsing the government of Nepal’s PPP policy (Public Private Partnership).
“Attracting foreign investors is important for our country and our future. ALAS Group has previously shown an interest in Nepal, and with their support and by signing this MoU, we hope to come closer to an agreement that will benefit our nation and the continuous improvement of our infrastructure.” said Executive Chairman of Pike Hydropower Mr. Rajendra Prasad Tiwari.
“Sustainability is deeply embedded throughout our organization as a strategic priority of the company. Being a front figure in the aviation industry and receiving a formal invitation from major stakeholders in Asia to take part in a renewable energy project is a great honor and opportunity for ALAS Group.” said Chairman of the Group, Mr. Dustin Paul Wilden.
“Signing this MoU is another important step for us as we continue our journey towards a greener tomorrow, highlighting the aviation industry’s contribution to a carbon friendly future.” He added.Mr. Manarup Shahi, assisting on behalf of ALAS Group, expressed his gratification and welcomes a future collaboration between ALAS Group and the government of Nepal. “We’ve come a long way with our work but there’s still a lot for us to do here. We’ve previously expressed our interest in other areas including a collaboration with Nepal Airlines, and hope to continue our work with the aviation industry here in Nepal alongside future renewable projects in Asia. This MoU is just the beginning.” He said.
Mr. Manarup Shahi previously held the position as Executive Chairman / CEO of Nepal Airlines.
Mr. Dustin Paul Wilden, who
previously had meetings with Mr. Yogesh Bhattarai, Minister of Culture, Tourism
and Civil Aviation regarding aviation related projects in Asia, plans to meet
with senior members from the Cabinet of Nepal to discuss future PPP related
opportunities and investments.
News link: https://www.aviationpros.com/engines-components/aircraft-engines/electric-green-engine-technology/pr...
"A man with a vision and a dream."
As we've reached halfway through the year our chairman recently gave his view on how we should approach the future. In a recent story "A man with a vision and a dream", chairman Dustin Paul Wilden shares his thoughts about the future and how we should adapt to a new world, future threats and symbioses between businesses. How we should learn to interconnect between industries to benefit mutual goals. How to save on costs and the impact we have on the environment. “We’ve been faced with new challenges and will have to get used to a new world slightly different from the one we were used to. However, this particular challenge we are facing doesn’t change our need to explore, to be adventurous, to be innovative, or simply our need to socialize. The only way to adapt to the new world is looking at old habits and changing them to something that will benefit both our current situation and our future. Building businesses and connecting our products with each other is an old craftsmanship practiced for centuries. We’ve always been proud of showcasing our inventions and ideas at global exhibitions. A traditional way to physically interact with potential customers, but also to be inspired by others. Our economy heavily relies on global trade and the freedom to move both people and goods between countries. But how should we adapt old traditions with new global standards”…. To be published soon.
ALAS Group considers partaking in an international renewable project in Asia.
As sustainability attracts more and more attention, ALAS Group takes another important step, considering a PPP (Public Private Partnership) project in Asia.
“We, as an international company, have to take the lead and show responsibility, as we see global pollution numbers rising. We were recently invited to partake in a renewable project in Asia and saw this as an opportunity to execute some of our strategic goals. We are currently researching the possibilities surrounding the project and are in close dialogue with all the stakeholders involved. If we decide to move forward we will issue an official press release.” Explained a company spokesperson recently.
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.
News link: https://www.aviationpros.com/aircraft/commercial-airline/press-release/21120714/alas-group-considers...
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.
News link: https://airlinergs.com/alas-group-considers-establishing-an-ato-in-nepal/
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.
is looking forward to working with both CAAN and the Government of Nepal.
News link (local): https://www.setopati.com/kinmel/others/197091/