History & Activity
Hi Fly is an European airline based in Portugal, long haul/widebody wet leasing specialist and operating worldwide. The airline was incorporated in 2005 and concluded the initial certification process in April 2006, obtaining its Air Operator Certificate, issued by INAC, the civil aviation authorities of Portugal, and in full compliance with all the EU-OPS and EASA regulations, the most demanding worldwide. Hi Fly has also concluded the IOSA certification last September 2011, in accordance with the latest and update Criteria (ISM Version 4).
The company is certified to operate worldwide, without any restrictions. Special certifications like Low Visibility Operation, 180 minutes ETOPS, RNP5 and Dangerous Goods were also obtained.
Hi Fly management team includes senior airline executives with a strong and successful track record. Most of the senior team has over 25 years of experience in the air transportation industry and middle management over 10 years. This is the case in most Hi Fly departments, Flight Operations, Ground Operations, Engineering and Maintenance, Safety, Security, Commercial, Finance, Administration and Quality.
Hi Fly operates its fleet of Airbus widebody aircraft mainly on long haul operations across Europe, USA, South America, Caribbean, Middle East, Far East, Africa and Australia. Hi Fly has consistently delivered a very high standard of operation and safety to its customers across the globe, with a higher than average industry dispatch reliability.
The company is financially sound generating consistent profits every year, an important guarantee to its customers and assurance that Hi Fly will still be around in the decades to come. Over the last ten years world aviation industry has witnessed the longest period of prosperity on record, with growth rates exceeding 5% and reaching double digits in the Middle East, Far East and Indian sub-continent regions. As a result the manufacturers as well as the main leasing companies have been enjoying record profits and the airlines, the world over, have returned to sustained profitability. This situation was drastically changed with the global financial crisis in the summer 2008, however an average long term growth of at least 6% pa is still expected for the industry. The growth of Hi Fly activity during the last severe economic downturn confirms the resilience of its business model to adverse conditions. By all accounts, this growth rate is set to continue unabated at least for the next twenty years, in correlation with the growing economies of emerging markets.
Hi Fly core business is to supply interim lift, tailored transportation solutions and support to other airlines, corporations and governments, on medium to long term wet lease or charter contracts. The main reasons why an airline or government would contract additional aircraft on wet lease from Hi Fly are:
- Unexpected loss of an aircraft for whatever reason (unexpected maintenance, incident or accident, etc)
- Starting new routes or increasing frequencies on established routes
- Cover aircraft downtime for planned maintenance
- VIP and military missions for Defense.
- Interim lift while an airline is waiting for the delivery of new aircraft (waiting list can be on certain models over 5 years)
- Sudden increase in demand (eg military transport due to an open conflict or the sudden commercial success of a destination, with strong increase in demand)
- Support to investors in start-up airlines, launching the initial routes
- Seasonal additional capacity needs from established airlines
- Flights in support of peace keeping forces
By operating modern, state of the art aircraft, Hi Fly deals mainly with major airlines, established carriers, governments or investors with strong financial background and credibility, thus reducing its credit risk and exposure. In return, Hi Fly provides an excellent product at competitive rates. As the airline industry grows to match demand of an increasing number of passengers, the number of events requiring wet leased aircraft and therefore Hi Fly market, will grow as well. Therefore we foresee a bright future for Hi Fly and plenty room for growth. Most of Hi Fly capacity is sold out on contracts until 2016 and beyond.