Jet2
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Otto Throttle:
Curiosity was bugging me too, so a little time with Flightradar24, Jethros, Planespotters and Libhomeradar did the trick. It would be interesting to do the same exercise in June, when the Summer programme is in full swing and it would answer some of the other questions concerning the Air Europa B738 announced for Glasgow plus the Edinburgh and Newcastle fleets.
Curiosity was bugging me too, so a little time with Flightradar24, Jethros, Planespotters and Libhomeradar did the trick. It would be interesting to do the same exercise in June, when the Summer programme is in full swing and it would answer some of the other questions concerning the Air Europa B738 announced for Glasgow plus the Edinburgh and Newcastle fleets.
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G-JZHH, still under previous reg EI-RUF, today flew as EXS51B from Norwich down to Bournemouth. The aircraft taxied to the Airbourne Colours Hangar, to be repainted and re-reged before entering service, colour scheme unconfirmed as yet - though I imagine the Jet2 red cs, given of the 8 JZH_, we have 4 in the holidays cs, and 3 in the red cs so far 
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Looks like Titan Airways Airbus A320, G-POWM is on lease to Jet2 operating out of LBA this weekend along side it's summer leased Boeing 752, G-POWH and Airbus A321, G-POWN at MAN.
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Looks like Titan Airways Airbus A320, G-POWM is on lease to Jet2 operating out of LBA this weekend along side it's summer leased Boeing 752, G-POWH and Airbus A321, G-POWN at MAN.
It’s curious that JET2 has moved away from their well established plan of buying or leasing second hand aircraft, when the second hand market in B737NGs is very favourable to them at this time, as there are about 40 second hand B738s worldwide looking for a home. This would indicate that purchases or even leases of these aircraft should be at favourable prices and rates.
Another curiosity is that any new order of aircraft would normaly be served at the end of the delivery queue, meaning that first orders come first, so that JET2’s “new” order shouldn’t be served until all other aircraft previously ordered are delivered. The early delivery of JET2’s order tends to indicate that JET2 have accepted a deal from Boeing to take up the slack on cancelled orders of the B737NG and that there has been a very favourable reduction on the list price of the aircraft. The advantage to Boeing is that they can maintain the production line intact and running without interruption until they are ready to switch over to the production of the B737MAX.
Just imagination, but considering the favourable market in second hand B737NGs, the deal must have been better than the one pulled off by Ryanair years’ ago.
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Does anyone know what the plan is for when the new aircraft arrive? I can see any substantial increases in the flying program this winter. I understand that the current fleet are owned and don't cost much to sit around. Obviously with large mortgage payments on new aircraft, just how will they fit in with the current business model?
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There is actually a relatively large increase in the number of winter flights in comparison to previous years. The new aircraft will replace some 733's too, so that will take up some slack.
In terms of paying for them, I'm certain that those on a significantly higher pay scale than me will have crunched the numbers and will know exactly what need to be done to make it viable.
In terms of paying for them, I'm certain that those on a significantly higher pay scale than me will have crunched the numbers and will know exactly what need to be done to make it viable.
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Signs of a changing business model?
Consider that JET2 shares back in 2010 were worth 50p and recently they were valued at 650p. This indicates confidence in the company’s strategies and future profitability by no less than the financial markets.
30 new aircraft to be delivered over two years starting in September 2016 are not really that many. Consider that JET2 are leasing 4 aircraft this summer, which could be replaced by 4 of the new ones. Then JET2 have 18 x B733s that will have reached the ripe old age of 30 in the next 24 months, which could be replaced by the new aircraft, if a 30 year old aircraft is the bench mark for retirement from passenger carrying duties. The foregoing would already account for 22 of the new aircraft order. However JET2 are also leasing 10 x B738s from leasing companies, where the leasing agreements would be expiring during the next 24 months. The leasing companies would be delighted to be renewing these leases with JET2, who would be considered a good and financially reliable customer, but in view of the glut of second hand aircraft in the market, it may well be in the interest of JET2 to offer to purchase these aircaft or source others or replace some or all of them with the new order.
The Glasgow base is relatively easy for assessing the business model and policies being pursued by JET2, as it is medium sized and has a standard B738 fleet. The comparison of flying and fleet utilisation in winter 2016-2017 compared to winter 2014-2015 shows an increase of 300%. The percentage increase between 2015-2016 winter to 2016-2017 winter is over 100%. Summer increases are not that dramatic but nevertheless show healthy progress and what is more important is the better utilisation of the fleet. For example in the summer 2017 programme the only day in the week where there is spare capacity is on Tuesdays, at the moment anyway, where they are only using 5 of the 6 aircraft in the fleet. Shoulder months like April and parts of May and October are also becoming busier. The Glasgow base examples above could be used as the trend within the company, although the actual figures quoted would need to be used with caution for other bases and in any case have not been checked out independently.
It wouldn’t be surprising if the order of 30 new aircraft became 40 or more in the next 12 months or so....and/or other purchases are made like G-JZHG and G-JZHH from the leasing companies, who seem presently to be sitting on too many parked and unfruitful second hand assets.
30 new aircraft to be delivered over two years starting in September 2016 are not really that many. Consider that JET2 are leasing 4 aircraft this summer, which could be replaced by 4 of the new ones. Then JET2 have 18 x B733s that will have reached the ripe old age of 30 in the next 24 months, which could be replaced by the new aircraft, if a 30 year old aircraft is the bench mark for retirement from passenger carrying duties. The foregoing would already account for 22 of the new aircraft order. However JET2 are also leasing 10 x B738s from leasing companies, where the leasing agreements would be expiring during the next 24 months. The leasing companies would be delighted to be renewing these leases with JET2, who would be considered a good and financially reliable customer, but in view of the glut of second hand aircraft in the market, it may well be in the interest of JET2 to offer to purchase these aircaft or source others or replace some or all of them with the new order.
The Glasgow base is relatively easy for assessing the business model and policies being pursued by JET2, as it is medium sized and has a standard B738 fleet. The comparison of flying and fleet utilisation in winter 2016-2017 compared to winter 2014-2015 shows an increase of 300%. The percentage increase between 2015-2016 winter to 2016-2017 winter is over 100%. Summer increases are not that dramatic but nevertheless show healthy progress and what is more important is the better utilisation of the fleet. For example in the summer 2017 programme the only day in the week where there is spare capacity is on Tuesdays, at the moment anyway, where they are only using 5 of the 6 aircraft in the fleet. Shoulder months like April and parts of May and October are also becoming busier. The Glasgow base examples above could be used as the trend within the company, although the actual figures quoted would need to be used with caution for other bases and in any case have not been checked out independently.
It wouldn’t be surprising if the order of 30 new aircraft became 40 or more in the next 12 months or so....and/or other purchases are made like G-JZHG and G-JZHH from the leasing companies, who seem presently to be sitting on too many parked and unfruitful second hand assets.
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Air Europa Boeing 737-800, EC-LTM positioned into Leeds yesterday morning from Madrid as AEA270 and has gone stright into the Multiflight hangar been prepared for summer lease to Jet2 based Glasgow
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Another brilliant Jet2 experience this year. Aircraft out of NCL 20 mins late due to delays that affected our flight - kept fully informed by the captain and left for Heraklion at 1600 instead of 1530.
Perfect flight down to Heraklion, excellent service.
Flight back again was perfect arriving in NCL ten mins early and the air stewards on board were brilliant again.
Going great guns Jet2.
Perfect flight down to Heraklion, excellent service.
Flight back again was perfect arriving in NCL ten mins early and the air stewards on board were brilliant again.
Going great guns Jet2.
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With Jet2 now opening a ninth UK base, will there also be some more 2nd hand B737-800's joining the fleet?
I know the brand new aircraft start arriving next week, but I would have thought further aircraft acquisitions were required, especially if there is to be 6/7 of the older B733's retiring this winter.
I know the brand new aircraft start arriving next week, but I would have thought further aircraft acquisitions were required, especially if there is to be 6/7 of the older B733's retiring this winter.