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Airlines

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Name: AIR MACAU
7JetSet7 Code: MCU
Status: Operational
Region: CHINA
City: MACAU
Country: MACAU
Employees 937
Web: airmacau.com.mo
Email: mpmavisc@airmacau.com.mo
Telephone: +853 8396 6888
Fax: +853 8396 6866
Sita: MFMVANX
Background
(definitions)

Click below for data links:
MCU-2003-LEIPAX - STATS
MCU-2004-02-A321
MCU-2004-04-A - A300F CARGO
MCU-2004-04-A300B4 CARGO
MCU-2004-07 - A300B4-200F CARGO
MCU-2005-01-A-AIRLINE GROWTH
MCU-2005-01-B-CHINA RIGHTS
MCU-AIRPORT MFM AD
MCU-CABIN ATTENDANT-2009-05
MCU-FLY BUSINESS BKK-MFM - 2009-05 - A
MCU-FLY BUSINESS BKK-MFM 2009-05 - B
MCU-MAP
MCU-VISIT MACAU - 2012-05
MCU-VISIT MACAU - JENNY A
MCU-VISIT MACAU - JENNY B
MCU-VISIT MACAU - JENNY C

ESTABLISHED IN 1994 AND STARTED OPERATIONS IN 1995. REGIONAL & INTERNATIONAL, SCHEDULED & CHARTER, PASSENGER & CARGO, JET AIRPLANE SERVICES.

ADDRESS:
398 ALAMEDA DR CARLOS D-ASSUMPCAO
Edificio CNAC, 12-18 ANDAR
MACAU (SAR), CHINA

ADDRESS:
693 AVENIDA DA PRAIA GRANDE
EDIF TAI WAH 5, 8 - 12 ANDAR
MACAU (SAR), CHINA

On December 20, 1999, Macau became a semi-autonomous territory (Special Administrative Region (SAR) within Mainland China. It covers an area of 18 sq km, its population is 0.4 million, and its official languages are Chinese and Portuguese.

JUNE 1995: AIR MACAU (MCU)'S BOARD INCLUDES 6 MAINLAND CHINA, 2 PORTUGAL, 4 MACAU, INCLUDING A REPRESENTATIVE OF THE GOVERNOR. (CNAC) MAINLAND CHINA, OWNS 51%, (TAP) AIR PORTUGAL 25%, + MACAU AVIATION SERVICE COMPANY 5%.

2 ORDERS (END OF 1995) A320'S (V2500), & 2 ORDERS (END OF 1995) A321'S, (ILF) LEASED.

NOVEMBER 1995: 280 EMPLOYEES (INCLUDING 88 FLIGHT CREW (FC) & 35 MAINTENANCE TECHNICIANS (MT).

SERVICE TO BANGKOK, BEIJING, KUALA LUMPUR, SEOUL, & SINGAPORE.

1ST A321-131 (V2500), (ILF) LEASED, WITH (TAP) AIR PORTUGAL FLIGHT CREWS.

AUGUST 1996: 4TH A320 DELIVERY.

SEPT 1996: 1ST 9 MONTHS = 540,000 PASSENGERS (PAX) AT 68% LF (LOAD FACTOR). CARGO 46% LF LOAD FACTOR IS DISAPPOINTING.

2 ORDERS (FEBRUARY 1997) A321-200'S (620; 631), (ILF) 7 YEAR LEASED.

FEBRUARY 1997: 1 A321-100 (V2500-A1) DELIVERY.

APRIL 1997: 1 A321-100 (V2500-A1) DELIVERY.

MAY 1997: 413 EMPLOYEES (INCLUDING 117 FLIGHT CREW (FC) & 36 MAINTENANCE TECHNICIANS (MT)).

JUNE 1997: THE GOVERNMENT OK'S ROUTES TO FUZHOU, GUILIN, NANJING, HANGZHOU, CHONGQING, AND KUNMING, IN ADDITION TO 5 OTHER CHINA ROUTES, TWO IN TAIWAN, AND BANGKOK.

JULY 1997: TO MANILA. CONSIDERING LARGER AIRPLANES FOR NEW ROUTE TO SYDNEY.

1996 = -$6.39 MILLION (NET LOSS).

SEPTEMBER 1997: 1 A320-200 (IAE), (ILF) LEASED. 1 ORDER (APRIL 1998) A320 (V2500) (805), (ILF) 7 YEAR LEASED.

DECEMBER 1997: 1 ORDER (NOVEMBER 1998) A321-200 (V2500).

APRIL 1998: FISCAL YEAR (FY) 1997 = +$9.9 MILLION (-$5.9 MILLION): 1M PASSENGERS (+47%).

413 EMPLOYEES (INCLUDING 117 FLIGHT CREW (FC) & 36 MAINTENANCE TECHNICIANS (MT)).

1 A320-232 (805), (ILF) LEASED.

MAY 1998: NEW ROUTE CHONGQING - MACAU - TAIPEI - KAOHSIUNG.

JUNE 1998: 1 A320 WET-LEASED TO (TAP) AIR PORTUGAL, FOR 6 MONTHS, WITH 5 FLIGHT CREWS.

OCTOBER 1998: 1ST 6 MONTHS = 559 MILLION (RPK) (TRAFFIC) (+4.2%), 61% LF (LOAD FACTOR) (-8.7), 916.7 MILLION (FTK) (FREIGHT TRAFFIC) (+19%), 512,000 PASSENGERS (PAX) (+10.1%).

NOVEMBER 1998: NEW ROUTES TO HAIKOU CITY & SANYA, IN SOUTHERN CHINA (A321).

A321-231 (908) DELIVERY. PLANS FOR POSSIBLE A340-300, FOR EUROPEAN SERVICES IN 1999.

DECEMBER 1998: A320-232 (573), SUB-LEASED TO TRANSMERIDIAN (TAL), FOR 1 YEAR, LUFTHANSA TECHNIK (LTK) (DLH) MODIFICATIONS.

FEBRUARY 1999: IN 1998, MACAU AIRPORT SERVED 2.21 MILLION PASSENGERS (+13.4%), AND CARGO VOLUME OF 65,000 METRIC TONS (+43.1%).

1ST PURCHASED A321 (V2500) DELIVERY.

APRIL 1999: 511 EMPLOYEES (INCLUDING 62 FLIGHT CREW (FC), 155 CABIN ATTENDANTS (CA), & 33 MAINTENANCE TECHNICIANS (MT).

(http://www.airmacau.com.mo). (airmacau@airmacau.com.mo).

SITA: MFMSDNX.

1998 = -$9.8 MILLION (+$10.2 MILLION) (DUE TO ASIAN FINANCIAL TURMOIL): 1.3 MILLION PASSENGERS PAX (+14%).

DECEMBER 1999: MACAU REVERTED FROM PORTUGESE CONTROL TO CHINA IN 1999.

(EVA) AIR ACQUIRES 5% OF (MCU) FOR $3.2 MILLION FROM CHINA NATIONAL AVIATION GROUP.

FEBRUARY 2000: (EVA) MAY ACQUIRE +10% STAKE IN (MCU).

1 A320 (V2500) (573), 1 YEAR LEASED TO RYAN INTERNATIONAL (RYN).

APRIL 2000: 485 EMPLOYEES (INCLUDING 60 FLIGHT CREW (FC), 144 CABIN ATTENDANTS (CA), & 33 MAINTENANCE TECHNICIANS (MT)).

REGIONAL OPERATIONS TO 20 DESTINATIONS, 110 FLIGHTS/WEEK.

JUNE 2000: IN 1999 = 1.4 MILLION PASSENGERS, 70% FROM TAIWAN.

AIR MACAU (MCU) OPERATES 51 FLIGHTS/WEEK TO TAIPEI, AND 16 TO KAOHSIUNG. PLANS TO LAUNCH SERVICES TO VIETNAM, CAMBODIA, JAPAN, AND EUROPE, WITH FRANKFURT, AS ITS 1ST DESTINATION.

JULY 2000: 1999 = +$6.42 MILLION (-$9.44 MILLION): 1.4 BILLION (RPK) TRAFFIC (+13.4%); 70% LF LOAD FACTOR ; 1.27 MILLION PASSENGERS (PAX) (+12.5%); 18.09 MILLION (FTK) FREIGHT TRAFFIC (+14.9%); 507 EMPLOYEES.

(http://www.airmacau.com).

OCTOBER 2000: 1 A321 "3C" CHECK, TO (GAMECO) (GUN).

DECEMBER 2000: EVALUATING WIDE BODY AIRPLANES, TO LAUNCH SERVICES TO EUROPE, IN 1ST QUARTER 2001, STARTING TO FRANKFURT.

1 A320-232 (573, B-MAD), (ILF) LEASED, RETURNED FROM RYAN INTERNATIONAL (RYN).

APRIL 2001: 485 EMPLOYEES (INCLUDING 60 FLIGHT CREW (FC), 144 CABIN ATTENDANTS (CA), & 33 MAINTENANCE TECHNICIANS (MT)).

SERVICES TO 17 REGIONAL DESTINATIONS. 117 FLIGHTS/WEEK. CODE SHARE WITH SHANDONG (SHG), TO QINGDAO (CRJ200).

MAIN BASE: MACAU INTERNATIONAL.

EXPECTED TO ADD 767-300F TO BEGIN ALL-CARGO SERVICES.

JUNE 2001: 2 727-200F'S LEASED FOR CARGO SERVICES.

AUGUST 2001: 1 757-27A (29608), FAR EASTERN (FAT) WET-LEASED, FOR 1 YEAR.

OPERATES 3/DAY TO TAIPEI.

SEPTEMBER 2001: 5 ORDERS (FEBRUARY 2002) A319'S (V2500), (ILF) 10 YEAR LEASED.

OCTOBER 2001: 757-27A RETURNED TO (FAT), BECAUSE OF POOR LOAD FACTORS.

TO LAUNCH SERVICE TO SINGAPORE.

JANUARY 2002: 2 ORDERS A321'S (V2533) (DECEMBER 2002), (ILF) 7-YEAR LEASED.

FEBRUARY 2002: NEW ROUTES TO CHONGQING, ZHANGJIAJIE, XI'AN, AND SINGAPORE. PLANS TO START ALL-CARGO FLIGHTS IN 2002.

MARCH 2002: 2001 = +$9.4 MILLION/+77.4 MILLION YUAN (-15%) (+91 MILLION YUAN).

APRIL 2002: 539 EMPLOYEES (INCLUDING 84 FLIGHT CREW (FC); 194 CABIN ATTENDANTS (CA); & 86 MAINTENANCE TECHNICIANS (MT)).

SITA: MFMVANX. MAIN BASE: MACAU INTERNATIONAL AIRPORT (MFM).

June 2002: A319-131 (1758, B-MAK "RIO YANGZI"), (ILF) leased.

July 2002: 2001 = +$10.94 million (+$13.61 million): 1.91 billion (RPK) traffic (+9.2%); 71% LF load factor; 1.71 million (FTK) freight traffic (+10.3%); 686 employees (+22.1%).

October 2002: (http://www.airmacau.com.mo/index.htm).

Starts pure freighter service between Taipei and Shenzhen, via Macau.

November 2002: To Kuala Lumpur (2/week). Charter flights to Kota Kinabalu (2/week).

1 727-2F2F (22998, 9M-TGB), Transmile (TML) wet-leased for cargo service, to Taipei, via Shenzhen. 2nd to follow.

December 2002: 1 A321-231 (1850, B-MAP), (ILF) leased.

January 2003: 1 A319-132 (1893, B-MAM), (ILF) leased.

February 2003: 4th A319-132 (1912, B/MAN) & A321-231 (1926, B-MAQ) deliveries.

March 2003: 686 employees (including 82 Flight Crew (FC); 224 Cabin Attendants (CA); & 90 Maintenance Technicians (MT)).

2 A320-232's (573; 582) returned to (ILF), leased to Sichuan (SIC).

June 2003: A319-132 (1962, B-MAO) delivery.

July 2003: 2002 = +$9.63 million (+$9.88 million): 2.26 billion (RPK) traffic (+18.2%); 70.9% LF load factor; 1.92 million passengers (PAX) (+12.6%); 34.23 million (FTK) freight traffic (+51.4%).

2002 TOP WORLD AIRLINES TRAFFIC (RPK) (Billion):
160 (SHG) 2.41; 161 (ROS) 2.38; 162 (RFG) 2.37; 163 (CHAUTAUQUA AIRLINES) 2.33; 164 (KLM) CITYHOPPER) 2.28; 165 (MCU) 2.26; 166 (ALS); 167 (GBA) 2.24; 168 (RYN) 2.23; 169 (GRD) 2.01; 170 (BRIT AIR) 1.93.

September 2003: In October 2003, 6 cargo flights/week Nanjing - Macau - Taipei (727-200F's, leased).

A321-231 (1926, B-MAQ) returned from Air Luxor (LXA).

October 2003: Code share with SilkAir (SLK), Macau - Singapore.

January 2004: 2003 = -MOP 150 million/-$19.23 million (+MOP 74 million): 1.2 million passengers (-30%).

February 2004: A321-231 (908, B-MAJ) painted in special colors to publicize Macau's hosting of the 4th East Asian Games this summer (see photo).

April 2004: Freighter service, Macau - Shanghai - Taipei (A300B4-200F). Macau - Taipei (A300B4-200F). In June 2004, Macau - Nanjing - Taipei. In July 2004, Macau - Taipei - Xiamen.

May 2004: 799 employees (including 97 Flight Crew (FC), 222 Cabin Attendant (CA), & 99 Maintenance Technicians (MT)).

SITA: MFMSDNX.

A300B4-203F (CF6-50C2) (271, /83 N504TA), Tradewinds (TWX) wet-leased.
A321-131 (597, B-MAR), AWAS (AWW) leased.

November 2004: Will take a 51% shareholding in a low-cost subsidiary formed with Virgin Blue (VOZ) (49%).

Macau Special Admin Region & mainland China signed an agreement that allows a 2nd Macau-based airline, although operations to Beijing and Shanghai will be blocked until 2006. Service to +6 mainland cities for a total of 37 has been approved.

3 orders MD-11F's wet-leased for service to Los Angeles & New York. 5 orders A300F-600's, leased. A321-131 (557, B-MAR), AWAS (AWW) leased.

March 2005: 727-247F (21698), Transmile (TML) wet-leased.

May 2005: 766 employees (including 99 Flight Crew (FC); 202 Cabin Attendants (CA); & 90 Maintenance Technicians (MT)).

A321-100, AWAS (AWW) leased.

November 2005: Air Macau (MCU) Cargo, Macau to Anchorage & Los Angeles (2 747-200F's, Tradewinds Airlines (TWX) wet-leased, 3/week), one in full Air Macau (MCU) Cargo markings.

December 2005: Air Macau (MCU) intends to launch a low-cost carrier (LCC) next year with partners China National Aviation Corporation and Shun Tak Holdings, the Daily Apple reported. Air Macau (MCU) will control 51% of the new airline and Shun Tak approximately 33%. Plans calling for an investment of $30 million will be concluded, according to "Reuters."

Starts service across the Taiwan Straits between Beijing, Shanghai and Taipei.

ILFC (ILF) announced the lease of a used A300BF-622R (743) freighter to Air Macau (MCU) for 10 years. The airplane is scheduled for delivery in May 2006 after conversion to freighter.

January 2006: "Macau Asia Express," a new budget carrier formed and funded by Air Macau (MCU) (51%) and ST-CNAC (49%), a joint venture between China National Aviation Company (36%) and Shun Tak Holdings (64%), was established last week. Initial funding is $30 million for the airline, which will adopt "a highly competitive cost model" and launch service in the fourth quarter of this year on routes to the Chinese mainland and Asia. "Our partnership will integrate the know-how of airline operations with the alignment of tourist resources such as hotels, casinos and ferry services," Air Macau (MCU) Chairman, and (CNAC) Executive Director Gu Tiefei said. "Viva Air" also is looking at starting up a low-cost operation in Macau.

February 2006: Macao International Airport handled 323,282 passengers in January, a rise of +11.6% over the previous corresponding period. Cargo throughput for the month stood at 18,355 tons, a rise of +4.1%.

A300B4-203F (203, N473AS), express.net (TCN) wet-leased.

April 2006: Air Macau (MCU) will inaugurate nonstop service from Macau to Guiyang. The airline will operate 2 flights a week, on Mondays & Thursdays, using an A321.

June 2006: Air China (BEJ) offered HK$3.23 billion/$416 million to increase its stake in Cathay Pacific Airways (CAT) to 17.5% as part of a transaction that will privatize China National Aviation Co (CNAC), which controls Air Macau (MCU) and catering, maintenance and ground handling services. (CNAC) agreed to sell its stake in Dragonair (DRG) last week, as part of the deal in which Cathay (CAT) is taking over its fellow Hong Kong airline. "For (BEJ), the privatization will bring the operating units of (CNAC) under our direct control and simplify our shareholding in (CAT)," (BEJ) Chairman, Li Jiaxiang said in a statement, according to Bloomberg News. "For (CNAC) shareholders, this privatization reflects an excellent return on their investment." (BEJ) plans to use bank loans to fund the (CNAC) privatization.

(MCU) has set a new target for getting A300-600s, which will be used to replace its A300B4 freighters on wet-lease. A senior official at (MCU) says it now has one A300-600 and plans to have a total of five on dry-leases by 2007 although achieving this target “depends on the availability of such airplanes”. This means (MCU) has accelerated its program for getting A300-600s, because in November 2005, Chief Executive, David Fei announced it wanted six A300-600Fs on dry-lease by the end of 2010.

March 2007: Air China (BEJ) and Air Macau (MCU) parent Air China Ltd earned a 2006 net profit of +CNY3.19 billion/+$411.8 million, up +86.71% over the prior year, on a +17.4% lift in operating revenue to CNY44.9 billion. Chairman, Li Jiaxiang attributed the result in part to the company's A-share listing in Shanghai, and the restructuring of its cross shareholding with Cathay Pacific Airways (CAT). "The share listing helped stabilize our capital structure and provides us the resources to continue our fleet expansion, while our cross shareholding with (CAT) offers us valuable know-how in flight service," Li explained. He also noted that the drop in oil prices during the second half of the year brought some relief. The Centre for Asia Pacific Aviation said (BEJ) was China's most profitable airline for the third consecutive year. Total operating expenses increased +22.5% to CNY42.4 billion, with jet fuel accounting for 37%. Passenger boardings rose +14.2% to 34 million, while cargo traffic grew +19% to 3.29 billion (RTK)s. Passenger load factor improved +1.9 points to 75.9% LF.

(BEJ) expects another good year in 2007 thanks to China's rapidly growing economy. The company also predicted it would begin to see benefits related to its affiliation with next year's Olympic Games. "Our strategic relationship with (CAT) and our prospective membership in the Star Alliance (SAL) will further add to the momentum," Li added.

October 2007: 5 A320-211s (138; 139; 148; 151; 167), ex-(ANA) for Macau Asia Express operations.

March 2008: Beijing Capital International Airport's new $3 billion-plus Terminal 3 opened as Shandong Airlines (SHG) (flight SC1151 arrived from Jinan at 8:39 am. UK architect, Norman Foster claimed it is the largest covered structure ever built - - 3.25 km long and 1.3 million sq m of floor space. Construction began in March 2004. The airport said the three-concourse facility welcomed (SHG), Sichuan Airlines (SIC), Qantas (QAN), Qatar Airways (QTA), British Airways (BAB), and El Al (ELA). A second move is scheduled for March 26 when Air China (BEJ), Shanghai Airlines (SHA), (SAS), Austrian Airlines (AUL), Lufthansa (DLH), Asiana Airlines (AAR), Air Canada (ACN), United Airlines (UAL), (ANA), Thai Airways (TII), Singapore Airlines (SIA), Finnair (FIN), Cathay Pacific Airways (CAT), Japan Airlines (JAL), Dragonair (DRG), Turkish Airlines (THY), Emirates (EAD), Air Macau (MCU), S7 Airlines (SBR), and EgyptAir (EGP) will transfer to the new building. "Reuters" reported that airport capacity will be boosted to 76 million per year from the 52 million it served in 2007. The baggage system can handle 19,800 pieces per hour, it said.

July 2008: Air Macau (MCU) has become another victim of surging oil prices and is clinging to survival, as it awaits help from parent Air China (BEJ) Group. According to the "China Business News," the Macau carrier posted a net loss in excess of >-MOP200 million/-$24.6 million in the first six months of this year, more than half of its registered capital of MOP400 million. Under Macau law, exceeding that threshold requires the company to either inject new capital or declare bankruptcy. (BEJ) Board Secretary, Huang Bin acknowledged (MCU)'s request for help and said (BEJ) will determine a solution with other (MCU) stakeholders, including (TAP) Portugal's SEAP investment fund (15%), casino company Sociedade de Turismo e Diversoes de Macau (14%), the Macau government, and (EVA) Air. (BEJ) holds a 51% stake.

In a company statement cited by the "Macau Daily News," (MCU) said it has reached a strategic cooperation agreement with (BEJ) and that aid will be extended soon. Industry analysts are suggesting that the recently inaugurated flights across the Taiwan Strait will join oil prices in impacting (MCU)'s performance, especially when, as expected, regularly scheduled service begins. Currently, 60% its operating revenue is generated by transfers between the Chinese mainland and Taiwan. But (MCU) noted in the statement that (BEJ) will support its effort to secure "special routes" from (CAAC) (CAC) after the regular cross-strait flights begin.

September 2008: Air China (BEJ) subsidiary, Air Macau (MCU) plans to request a new capital injection from its stakeholders and lease three A320s/A321s to (BEJ) this month in order to alleviate its financial crisis, according to the "Macau Daily News." The amount of the cash injection will be determined soon by a stakeholders' conference. (BEJ) holds a 51% stake in (MCU), whose other stakeholders include (TAP) Portugal's SEAP investment fund (15%), casino company Sociedade de Turismo e Diversoes de Macau (14%), the Macau government, and (EVA) Air.

(BEJ) has noted that it would extend "special aid" to (MCU), including its support in an effort to secure routes across the Taiwan Strait when the (CAAC) (CAC) allows scheduled service next July. (MCU) reported a first-half net loss in excess of -MOP200 million/-$24.4 million. Passenger traffic fell -6.4% year-over-year to 1.38 billion (RPK)s, and boardings were down -11.9% to 1 million. Load factor dropped -5.3 points to 70.5% LF, and cargo volume plummeted -34.9% to 53,000 tonnes.

(MCU) is to lease three of its larger Airbus (EDS) airplanes (possibly A321-200s) to majority owner, (BEJ) in order to ease its present finacial crisis. The airline is also requesting a new capital injection from its stakeholders, which include (BEJ) (51%); (TAP) Air Portugal's SEAP investment fund (15%), casino company Sociedad de Turismo a Diversoes de Macau (14%), the Macau government, and (EVA) Air. (BEJ) has stated that it would extend "special aid" to (MCU) in an effort to secure routes across the Taiwan Srait, when the Civil Aviation Administration of China (CAAC) (CAC) allows scheduled service from July 2009.

(MCU)'s fleet includes 5 A319s, 1 A320, 4 A321-100s, and 3 A321-200s.

May 2009: SEE ATTACHED "AIRWAYS" ARTICLE - - "MCU-BUSINESS FLYER-2009-05" REGARDING AN (MCU) A319-132 FLIGHT FROM BANGKOK TO MACAU.

June 2009: Air Macau (MCU) is expected to get a +MOP507.3 million/+$62.4 million capital injection from Air China (BEJ) and other stakeholders designed to help it avoid liquidation. (BEJ) said in a statement that shareholders approved the plan last month. Hit hard by the increasing number of direct flights across the Taiwan Strait and the harsh economic environment, (MCU)'s 2008 loss exceeded the -MOP109 million posted in 2007, Chairman, Zhao Xiaohang told the "Macau Daily News." Its net asset value was approximately MOP-107.3 million as of December 31. According to local law, since the net asset value of the carrier is negative/lower than half the value of its issued share capital, shareholders must either replenish its assets or dissolve it. (MCU) is owned by (BEJ) parent, China National Aviation Corporation (51%), Servicos Administracao e Participacoes - - which includes (TAP) Portugal and Banco Nacional Ultramarino - - (20%), Sociedade de Turismo e Diversoes de Macau (14%), (EVA) Air (5%), and others.

September 2009: (ARINC) said Air China (BEJ), Air Macau (MCU), Asiana Airlines (AAR), Cathay Pacific Airways (CAT), China Southern Airlines (GUN), Dragonair (DRG) and Korean Air (KAL) signed up to use its AviNet Airport wide-area network service, which is available to carriers using its Muse common-use passenger systems.

November 2009: In its third quarter Air Macau (MCU) decreased its (ASK) capacity by -15%.

December 2009: Air China (BEJ) will inject MOP158.7 million/$19.3 million into troubled subsidiary, Air Macau (MCU), lifting its stake in the carrier to 80.9% from 51%.

The global financial crisis and liberalized access to flights across the Taiwan Strait dragged (MCU) to a -MOP107.3 million loss in 2008 and a -MOP150 million deficit through the first five months of 2009. (BEJ) said it remains confident in (MCU)'s future, however, citing "fast economic growth" in the territory and potential synergies between Macau International airport and Hong Kong International airport that will arise if the bridges connecting the two special administrative regions via Zhuhai are completed.

Other current stakeholders in (MCU) are (TAP) Portugal's SEAP investment fund (20%), the Sociedade de Turismo e Diversoes de Macau casino company (14%), the Macau government (5%) and (EVA) Air (5%). SEAP's share will drop to 0.1% and (EVA)'s to 0.025% following (BEJ)'s capital injection. (BEJ) also holds significant stakes in Cathay Pacific Airways (CAT), Shenzhen Airlines (SHZ) and Shandong Airlines (SHG).

June 2010: All Nippon Airways (ANA) and Air Macau (MCU) reached a code share agreement effective July 1, under which (ANA) will place its code on Air Macau (MCU)'s flights to Macau from Tokyo Narita (thrice-weekly) and Osaka Kansai (five-times-weekly), while Air Macau (MCU) will place its code on (ANA)'s domestic flights. The two carriers also will link their frequent-flyer programs.

January 2011: Air Macau (MCU) launched twice-weekly, Macau - Singapore Changi service with an A321.

October 2011: Air Macau (MCU) is the carrier of Macau providing connections to 12 Chinese mainland destinations, together with international services to Japan, South Korea, the Philippines, Taiwan, and Thailand.

Employees = 937.

(IATA) Code: NX - 675. (ICAO) Code: AMU - (Callsign - AIR MACAU).

SITA: MFMSPNX.

Parent organization/shareholders: China National Aviation Company (CNAC) (80.8%); (STDM) (14%); Macau government (5%); (EVA) Air (0.025%); & others (0.0125%).

Owns: Macau Asia Express (51%).

Alliances: Air China (BEJ); All Nippon Airways (ANA); Korean Air (KAL); & Thai Airways International (TII).

Main Base: Macau International airport (MFM).

International, scheduled destinations: Beijing, Chengdu, Nanjing, Shanghai, Xiamen, Hangzhou, Nanning, Ningbo, Hefei, Taiyuan, Chongqing, Seoul, Bangkok, Tokyo, Osaka, Singapore, Kaohsiung, and Taipei.

November 2011: Air Macau (MCU) has received a MOP700 million/$89 million capital injection from the Macau local government by selling its 420,420 new shares for (MCU)’s fleet expansion in the next two or three years.

Through the stake sale, the Macau government becomes (MCU)’s second largest stakeholder. Air China (BEJ), which holds 80.9%, is the largest stakeholder. The Sociedade de Turismo e Diversoes de Macau casino company, which held 14%, has diluted its shares.

At the end of 2009, (BEJ) injected MOP158.7 million into the troubled subsidiary, lifting its stake to 80.9% from 51%.

(MCU) was launched in 1994 and began formal operations in 1995. It has a fleet of 16 airplanes, comprising seven A321s, two A320s, five A319s and two A300B4F freighters. It flies on routes from Macau to Beijing, Chengdu, Nanjing, Shanghai, Xiamen, Hangzhou, Nanning, Ningbo, Hefei, Taiyuan, Chongqing, Seoul, Bangkok, Tokyo, Osaka, Singapore, Kaohsiung, and Taipei.

(MCU) posted a net profit of +MOP230 million in 2010, owing to a strengthened cooperation with (BEJ). It expects to report a net profit this year.

March 2012: Air Macau (MCU) has retired its only freighter A300-600F, that has now been flown to Shanghai Hongqiao International (SHA) to be prepared for its next mission with Hainan Airlines (HNA) subsidiary, myCargo Airlines (ACC) in Turkey.

November 2012: Asiana Airlines (AAR) code shares with Air Macau (MCU) on the Macau - Seoul Incheon service. (AAR) will place its code on (MCU)'s daily service on the route, starting 30 November.

(MCU) also has code share agreements with Air China (BEJ), All Nippon Airways (ANA) and Philippine Airlines (PAL).

(MCU) is partly owned (80.8%) by Air China (BEJ).

January 2013: Air Macau (MCU)'s recent history has not been illustrious. It has long sat on an effective monopoly as a flag carrier, without exploiting its advantage, yet other airlines have been precluded, greatly upsetting the local tourism and hospitality industries.

But signs are emerging (MCU) is beginning to take steps to have a more positive role in Asian aviation. For years Air Macau (MCU) focused as a transit operation for passengers between mainland China and Taiwan, where direct flights were prohibited until mid-last decade. In doing so, it ignored its hometown market, a tiny enclave that quickly grew this century to be Asia's gambling capital. Inertia cost it market opportunities, especially in Southeast Asia, where agile low-cost carriers (LCC)s moved quickly.

Airplanes were wet-leased to part-owner, Air China (BEJ) but now Air Macau (MCU)'s fleet is due to expand in a long-overdue bid to support Macau's growth. Target markets are mainland China and North Asia, but (MCU) also hopes to make inroads in Southeast Asia. (MCU) is advantaged with Macau's gradual diversification from just gambling, as well as its concession agreement that runs until the turn of the next decade. But there are challenges, operationally and also being a subsidiary of Air China (BEJ), which has larger priorities across the region.

(MCU) is now flying 4/week to Shenyang in northeast China.

February 2013: Air Macau (MCU) inaugurated services from its Macau (MFM) hub to Wenzhou (WNZ) on 6 February, making the south-eastern Chinese city the 15th destination it flies to in the country. Flights on the 1,000 km route are offered with thrice-weekly frequencies. Zhu Song Yan, (CEO) of Air Macau, said: “This new route creates a channel for political, economic and cultural exchange between Macau and Wenzhou”. Wenzhou is the airline’s second destination launched this year: On 9 January, four-weekly flights to Shenyang commenced.

May 2013: Air Lease Corporation (ALE) announced long term lease agreements with Air Macau (MCU) for two new A321-200 airplanes, which are scheduled for delivery in October 2014 and March 2015.

August 2014: In July, Macau International Airport (MIA) recorded a stable growth in both passenger traffic volume and airplane movement. Passenger volume surpassed >490,000, representing an year-on-year increase of +11%, and airplane movements of over >4,300 recorded a +3% increase compared to the same period last year. The passenger volume from January to July this year recorded over >3.1 million and airplane movements recorded over >29,000, an increase of +11% and +8% respectively, over the same period of last year. The overall air market performed well, although the recent military exercises in Mainland China brought little impact on flight punctuality at East China area Major markets, including Southeast Asia, Mainland China and China Taiwan all recorded continuous growth.

For route development, Air Macau (MCU) is planning to launch four weekly flight services between Macau and Tianjin in September 2014, providing more travel options to Northern China. Along with the summer peak season approaching, some airlines are also planning to launch more charter flights and frequencies to the hot destinations.

With the increased number of flights in the summer season, (MIA) airport will be continue paying attention to flight safety and security, and at the same time, providing diversified services and enhancing the travel experience of passengers. (MIA) will continue to develop and upgrade the smart phone APPS to provide more information and convenience to passengers, and further promote the development of a virtual airport.

September 2014: Air Macau (MCU) on September 6th added Tianjin (TSN) to its Chinese network. The 1,905 km route from Macau (MFM) will be served four times weekly by (MCU)’s A319s and will face no direct competition. Tianjin Binhai International Airport, China’s 24th busiest airport last year, with just over >10 million passengers, becomes Air Macau (MCU)’s 15th destination in China, and first new one since beginning service to Zhengzhou last September.

June 2015: China Aircraft Leasing Group (CALC) (CHD) has signed a leasing agreement with Air Macau (MCU) to lease four Airbus A320s for 144 months. They will be delivered in 2015 and 2016.

July 2015: News Item A-1: Until June 30, 2015, Macau International Airport (MIA) had handled over >2.78 million passengers, increased over >6.6% compared to the same period of last year. Airplane movements recorded over >27,000, a growth of +6.9% as compared to last year. In June 2015, the average daily passenger traffic at (MIA) reached 15,000, totally spread over >450,000 passengers throughout the month, which increased +3.9% compared to the same period of 2014. Airplane movements recorded over >4,400, increased +4.8% compared to the same period in 2014. Overall, the passenger market kept positive growth in the first half year. However, the Korea market recorded a decline due to the outbreak of the Middle East Respiratory Syndrome (MERS). Passenger numbers of South and North East Asia still showed a growth of +18.8%, while Taiwan routes recorded a slower growth of +0.6%, and the Mainland China routes recorded a slight drop of -1.3% in passenger volume.

In order to provide more holiday destination options for travelers, some airlines will add schedule flight frequencies during the summer holiday. Also charter flights to Okinawa of Japan are expected to enrich the travel options for passengers. With these strategies, it is hoped not only to enrich the destination network of (MIA), but also to develop the basis to launch new regular services. On the other hand, Jetstar Pacific Airlines (PAH) plans to launch service between Ho Chi Minh and Macau in August this year, as well as some other new routes which are in preparation.

News Item A-2: Air China (BEJ) has received board approval for selling one Airbus A320 aircraft to Air Macau (MCU).

The A320 (B-6960) will be sold at a price of 267.8 million yuan.

December 2015: News Item A-1: China Aircraft Leasing Group (CALC) (CHD) completed its second delivery to Air Macau (MCU) in Hamburg, Germany. The aircraft is financed by The Korea Development Bank, (KDB) Asia Limited, and (KEB) Hana Bank. The newly delivered A321-200 aircraft is the 61st delivered aircraft of (CHD)’s fleet.

January 2016: China Aircraft Leasing Group (CALC) (CHD) delivered the 3rd and 4th aircraft to Air Macau (MCU) on January 19 and 26, respectively, according to the lease agreement for 4 aircraft (1 Airbus A320-232 (6934, B-MCF), ex-(F-WWDF) and 3 A321s (6938, B-MCE), ex-(D-AVZV) signed in May 2015. With the latest delivery, (CHD)’s fleet has expanded to 65 aircraft.

Fleet:
(definitions)

Click below for photos:
MCU-727-2F2F
MCU-A319-MAY09
MCU-A321
MCU-A321-231 - 2005

May 2017:

2 727-2F2F (JT8D-15 HK) (1808-22993, /82 9M-TGA; 1810-22998, 9M-TGB), (TML) WET-LSD 2002-11. FREIGHTER.

1 727-247F (JT8D HK) (21698), (TML) WET-LSD 2005-03. FREIGHTER.

2 747-200F, (TWX) WET-LSD 2005-11. 1 IN "AIR MACAU CARGO" MARKINGS. FREIGHTER.

0 757-27A (PW2037) (835-29608, /98 B-27013), (FAT) WET-LSD 1 YR 2001-08, RTND 2001-10.

3 ORDERS MD-11F, WET-LSD.

0 A300B4-203F (CF6-50C2) (203, /82 N473AS), (TCN) WET-LSD 2006-02. RTND, LST (DRG), RTND TO (TCN) 2006-08. FREIGHTER.

1 A300B4-203F (CF6-50C2) (216, /82 N504TA), (TWX) WET-LST 2005-03. FREIGHTER.

1 A300B4-203F (CF6-50C2) (271, /83 N504TA), (TWX) WET-LSD 2004-05. FREIGHTER.

0 A300B4-622R (677, B-MBJ), RE-REGISTERED (EI-EXR) RTT (ILF).

0 A300BF-622R (743, B-), (ILF) 10 YR LSD, AFTER CONV TO F. TO MYCARGO AIRLINES (ACC) 2012-03. FREIGHTER.

5 A319-132 (V2524-A5) (1758, /02 B-MAK "RIO YANGZI;" 1790, /02 B-MAL "RIO AMARELO;" 1893, /02 B-MAM "LAGO SOL LUA;" 1912, /03 B-MAN "RIO HUANG PU" SEE PHOTO - - "MCU-A319-2009-05;" 1962, /03 B-MAO "RIO YALUZANGBU") (ILF) 10 YR LSD 2002-06. 8C, 114Y.

1 +3 ORDERS A320-200, CHINA AIRCRAFT LEASING GROUP (CALC) LEASED IN 2015 & 2016 FOR 144 MONTHS.

5 A320-211 (138; 139; 148; 151; 167), EX-(ANA), FOR MACAU ASIA EXPRESS OPS 2007-09.

0 A320-232 (V2527-A5) (573 B-MAD "ALGARVE," 582 B-MAE "CIDADE DE COIMBRA," /96), (ILF) LSD, 1 WET-LST (TAP), 1 LST (TAL), 573 1 YR LST (RYN) 2000-02. 573; 582; RTND (ILF), LST (SIC). 12C, 138Y.

1 A320-232 (V2527-A5) (805, /98, B-MAH "ILHA DA MADEIRA;" 928, /98 B-MAX), (ILF) 7 YR LSD. 12C, 138Y.

1 A320-232 (V2527-A5) (6934, B-MCF), EX-(F-WWDF), (CHD) LSD 2016-01. 12C, 138Y.

4 A321-131 (V2530-A5) (550, B-MAA "CIDADE DE MACAU," 557, /95 B-MAF "ILHA DA TAIPA" 2004-11; 597, /96 B-MAR 2004-10; 620, /96 B-MAF "ACORES ISLAND;" 631, /96 B-MAG "ILHA DE COLOANE"), (ILF) 7 YR LSD. 557 RTND, LST (VIE). 550 RTND, LST (SIC) 2003-08. 16C, 162Y.

2 ORDERS (2014-10) A321-200 (V2533-A5), (ALE) LSD:

3 A321-231 (V2533-A5) (6324, B-BMB; 6938, B-MCE, 2015-12), EX-(D-AVZV), CHINA AIRCRAFT LEASING (CHD) LSD. 16C, 162Y.

3 A321-231 (V2533-A5) (908, /98 B-MAJ "FAROL DA GUIA"; 1850, /02 B-MAP "RIO DAS PEROLAS;" 1926, /03 B-MAQ "LAGO TAI"). +9 ORDERS, (ILF) 7-YR LSD. 1926 WET-LST (LXA) 2003-06 TO 2003-09. 16C, 162Y.

2 A321-231 (V2533-A5) (5459, /13 B-MBA; 5523, /13 B-MBB), 2013-03. 24C, 155Y.

Management:
(definitions)

GU TIEFEI, CHAIRMAN.

ZHU SONGYAN, CHIEF EXECUTIVE OFFICER (CEO).

CAPTAIN DU GUOFU, VP FLIGHT OPERATIONS.

XU YU LAN, VP FINANCE.

YANG JIANHUA, VP COMMERCIAL.

CAPTAIN VICENTE SERAFIM, DIRECTOR FLIGHT OPERATIONS (MFMOKNX) (vserafim@airmacau.com.mo).

CARLOS PIMENTEL, ENGINEERING & MAINTENANCE DIRECTOR & DEPUTY CEO.

HONG YU ZHAO, DIRECTOR FINANCE.

JOAO VILELA, DIRECTOR GROUND OPERATIONS.

CELINA LAU, DIRECTOR PERSONNEL & ADMINISTRATION.

MENG HUI MIN, DEPUTY DIRECTOR ENGINEERING & MAINTENANCE (MFMESNX).

JACK ZHEN, CORPORATE PLANNING MANAGER.

 
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