Posts Tagged ‘RB’
ang Berhormat Dato Seri Paduka Dr. Awang Hj Mohd Amin Liew Abdullah, the Minister of Finance II, as the guest of honour (2nd from left), Mr. Mubashar Khokar, Managing Director of BIBD, Mr. Karam Chand, the CEO of Royal Brunei Airlines (RB) and Mr. Pierre Imho, the CEO of Baiduri Bank
Guest of honour delivering his welcoming remarks at Brunei International Airport
Royal Brunei Airlines (RB) has closed the Islamic financing of one Boeing 787-8 aircraft and five Airbus A320neo and the conventional financing of two Airbus A320neo at a signing ceremony held at Brunei International Airport.
It was interesting to know that two local banks are involved in the financing where the islamic financing is under BIBD’s portfolio while the conventional term loan is under Baiduri Bank’s portfolio.
Present at the event was Yang Berhormat Dato Seri Paduka Dr. Awang Hj Mohd Amin Liew Abdullah, the Minister of Finance II, as the guest of honour. Signing on behalf of RB was Mr. Karam Chand, the CEO of RB whole Mr. Mubashar Khokar, Managing Director of BIBD and Mr. Pierre Imho, the CEO of Baiduri Bank signed on behalf of BIBD and Baiduri Bank respectively.
“The combination of conventional financing for 2 aircrafts with an islamic financing structure for 6 other aircrafts allowed Royal Brunei Airlines to achieve attractive terms. The new fleet allows RB to achieve a leaner cost structure from the combination of lower ownership and maintenance costs and lower fuel burn. Complete fleet renewal is a rarity in our industry and to achieve this by the end of 2018 will be a very significant milestone for RB,” said Karam Chand.
“Alhamdullilah, I would like to congratulate RB on another national milestone with the latest additions to their fleet, and also becoming our latest “Partner in Growth”. Together may we continue to support Brunei Darussalam’s economic diversification while strengthening Brunei’s positioning as a regional hub for economic activity and trade. The acquisition of these aircrafts is also another landmark transaction for Brunei’s Islamic banking and financial industry in general as it highlights our local capabilities to deliver on large complex Islamic transactions,” said Mr. Mubashar Khokar.
“Baiduri Bank is proud to enter into this partnership with RB, where we will be financing two unites of Airbus A320neo aircrafts. As a major local bank with a strong commitment to the Brunei market, Baiduri will continue to play an active role in providing financing to businesses, contributing to the economic growth of the country and its development programmes in order to meet the goal of Brunei’s Wawasan 2035,” said Mr. Pierre Imhof.
The board members of RB and other invited guests
A quick visit to the newly A320neo aircraft
The new A320neo aircraft with members of the local media at Toulouse, France. Image taken from The Scoop.
Her Excellency Datin Paduka Malai Hajah Halimah binti Malai Haji Yussof, Brunei Ambassador to France; Karam Chand, RB Chief Executive Officer (CEO) and Eric Schulz, Airbus Chief Commercial Officer inspecting the new A320neo aircraft
It would have been a perfect fit if I had a first hand view of the new A320neo purchased by Royal Brunei Airlines (RB) when it was handed over at Toulouse, France, a few days ago. This is the first of the seven firm aircraft (A320neo) and three option aircraft ordered by RB as part of its fleet renewal program back in 2014. So it’s good to see the plan turn to reality.
Present at the commemorative ceremony in Toulouse was Her Excellency Datin Paduka Malai Hajah Halimah binti Malai Haji Yussof, Brunei Ambassador to France; Karam Chand, RB Chief Executive Officer (CEO); Eric Schulz, Airbus Chief Commercial Officer; Mohammad Nazri Mohammad Yusof, Acting Director of Brunei Department of Civil Aviation; Mr Jason Tonich, Vice President and General Manager of GE Aviation Sales and Mrs Elsie Yamanouye, Director, Customer Program Management of Thales.
“Airbus A320neo aircraft comes equipped with Leap-1A26 CFM engines with some of the best fuel, noise, emission and operating efficiency in its class and will allow Royal Brunei Airlines to achieve significant cost savings and reduce its emissions footprint. We are based in Brunei on the Island of Borneo which has some of the most pristine environment on earth and we are pleased to be playing a part in preserving this,” said Mr Karam Chand, CEO of Royal Brunei Airlines.
“The RB A320neo aircraft is also the world’s first narrow body fitted with Thales Avant (Gen5) in-flight entertainment system and this will provide our guests significantly enhanced experience on board and match those generally available on long haul aircraft. These aircraft will have business, economy plus and economy seats with leather covering, USB power outlets and audio/video on demand at every seat. These features have been added keeping in mind the changing needs of our guests and to provide seamless and consistent service to our many transferring guests from the B787 Dreamliner long haul services to the A320 flights,” said Mr Chand.
“The new aircraft will also play an important role in maintaining and improving our operational reliability. RB’s on time performance is ninety percent, one of the best in the industry, however we believe we need to keep improving this as the vast majority of guests travelling to/from/via Brunei use RB services. The extended range of A320neo’s also provides RB with a lower risk option to pioneer new medium haul markets up to seven hours duration and we will be making new route announcement over the next several months,” added Mr Chand.
RB’s first A320neo aircraft will be in revenue service from 7th June 2018 with Singapore selected as the very first destination which is less than two weeks from now.
“Airbus is pleased that Royal Brunei Airlines is the latest airline to take delivery of the A320neo, the world’s preferred single aisle aircraft. With its exceptionally comfortable cabin, low operating costs and excellent fuel efficiency, the A320neo will complement Royal Brunei’s existing fleet and contribute to the airline’s continued success,” said Eric Schulz, Airbus Chief Commercial Officer.
RB’s current fleet consists of 10 aircraft; four Boeing 787-8 Dreamliner and six A320ceo. Eight new aircraft will join its fleet by December 2018 (a fifth B787 and seven A320neo). RB will have one of the youngest fleet in the world with an average age of 2 years by the end of 2018. The national carrier of Brunei Darussalam today operates out of its hub airport – Bandar Seri Begawan to eighteen destinations across the world.
Can’t wait for the rest of the A320neo aircrafts to be delivered to Brunei. You can read more news of the delivery from The Scoop.
The traditional welcoming gesture for the new A320neo, a two minute water salute as a sign of respect and gratitude at Brunei International Airport
Mr. Karam Chand, Chief Executive Officer of Royal Brunei Airlines (RB) and Mr. Bilal Ekşi, Chief Executive Officer and Deputy Chairman of Turkish Airlines (TK) are pleased with the new expansion to provide customers with more options to travel to Turkey
Royal Brunei Airlines (RB) and Turkish Airlines (TK) began its code share agreement in February 2016 that allows passengers to connect seamlessly from Bandar Seri Begawan to Istanbul via Dubai (and vice versa). Both airlines are pleased with the results and plans to further enhance this connectivity via Singapore.
So effective 1st May 2017, flights from Singapore to Istanbul (and vice versa) will be operated by Turkish Airlines whereas the flight between Bandar Seri Begawan and Singapore will be operated by Royal Brunei Airlines.
To Turkey via Singapore through RB
To Turkey via Dubai through RB
Mr. Karam Chand, Chief Executive Officer of RB said, “We are very pleased to have partnered with Turkish Airlines to provide our customers with more choices. The results to-date have been very encouraging and as a result, we are expanding our partnership. The RB and Turkish Airlines code share flights offer the best connection to Istanbul and vice versa and we believe we will further enhance the tourism and business links between two countries.”
Mr. Bilal Ekşi, Chief Executive Officer and Deputy Chairman of TK stated that; “This expansion in the scope of the codeshare will not only provide our respective passengers with varied options for traveling to Brunei, but also create a great opportunity for a seamless travel with the reduced layover durations. It is a pleasure for us to improve our service to Bandar Seri Begawan, which I believe will eventually contribute to the enhancement of the good relations between two countries.”
Customers can now choose to travel to Istanbul, Turkey via Dubai or Singapore. For further information on the Turkish Airlines cooperation, please contact your nearest Royal Brunei Airlines Office.