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CSAFE Global



CHARLESTON, SC: February 17, 2017. Boeing has rolled out its largest Dreamliner during a visit by Donald Trump, two days after it won a vote by its employees not to accept International Association of Machinists' (IAM) representation at its South Carolina plant.

Out of the 2,828 employees who voted, 74 percent supported the status quo, according to the company.

Boeing 787-10 1Built exclusively at Charleston, launch customer Singapore Airlines will take delivery of the first 18 ft.-stretched B787-10 (right) next year. A total of nine airlines have ordered 149 airplanes including KLM, which expects delivery of six aircraft by 2020.

According to president and CEO Pieter Elbers, KLM "achieved good results in 2016", reporting an increased operating result of €681 million on revenue of €9.8 billion. By contrast, Air France, the other half of the airline group, reported a decreased operating result of €372 million on revenue of €15.4 billion.

"Our results are improving, we are reducing costs, there is more leverage for investment and customer satisfaction is rising. In short, KLM has regained its enterprising spirit," said Elbers.

The combined AF-KL cargo business continued to reflect another year of industry overcapacity with group revenue falling 14.7 percent year-on-year to €2.07 billion. However with a 10.2 percent drop in unit costs, the operating result remained largely unchanged at -€244 million in 2016.

The group said it had decided to change Cargo reporting from the 2017 fiscal year onwards "based on contribution margin and to include it in the passenger network results", as its full-freighter capacity declined 24 percent last year to just six aircraft.

"Competition remains fierce. We are lagging behind our competitors in terms of both cost levels and yield," noted Elbers. "In order to continue growing, we therefore need to pursue our efforts to further raise productivity and cut costs in 2017 as well."

CSAFE Global




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