Airline Finance News - Europe.
For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 10, 2006
Environment Tax could be with us by 2009 following a European Parliament European Parliament, a branch of the governing body of the European Union (EU). It convenes on a monthly basis in Strasbourg, France; most meetings of the separate parliamentary committees are held in Brussels, Belgium, and its Secretariat is located in Luxembourg. non-binding vote specifically aimed at the airline industry. What is not clear is whether it will be implemented, and if so when. How much aviation in total, including the military, actually contributes to atmospheric pollution is not very clear or defined. Certainly the numbers of aircraft in the sky at any one time are far less than during the Second World War, when 'planes flew at a much lower levels. A permit system is being mooted but any restrictions could adversely affect trade. British Airways British Airways
in full British Airways PLC
International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. , to its credit, seems to be ahead of other carriers with a proper policy in this area and is leading the way in promoting carbon trading as the most efficient and environmentally effective means of curbing aircraft emissions. http://www.ba.com Jul 8, 2006
Aer Lingus Aer Lingus is Ireland's national airline. Based in Dublin, it operates 41 Airbus aircraft serving Europe, Africa, North America and the Middle East. The airline is 28% owned by the Irish government; it was floated on the Dublin and London Stock Exchanges on 2 October 2006,
Aer Lingus is to be floated on the Dublin and London stock exchanges London Stock Exchange
London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. probably in September. This follows a motion passed in the Irish parliament, the Dail, last week transport minister Martin Cullen Martin Cullen (Irish: Máirtín Ó Cuilinn; born 2 November, 1954) is a senior Irish Fianna Fáil politician. He has been a Teachta Dála (TD) for Waterford since 1987 and is the current Minister for Social & Family Affairs. noting that the government would retain at least a 25.1% stake "to protect the nation's strategic interests." The airline remains one of the few national carriers operating at a profit, a legacy from the leadership of Willie Walsh Willie Walsh (born in 1961) is an Irish airline executive. He is currently the Chief Executive Officer of British Airways and is a former Chief Executive of Aer Lingus
Walsh was born in Dublin, Ireland. He attended his local secondary school Ardscoil Rís. , now British Airways CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Current chief is former Emirates executive Dermot Mannion Dermot Mannion is the Chief executive officer of Aer Lingus, Ireland's national airline.
Mannion was born in 1958 in Sligo, County Sligo, Ireland, one of eight children (four brothers and three sisters). He attended school at St. who is known to be keen on the privatization privatization: see nationalization.
Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned prospect and with it the possibilities of expanding the airline's long haul. The unions and opposition parties are against the scheme for different reasons. The unions are after job protection whilst a mixed bag of politicos has found grounds to oppose the plans, one group saying the price is too cheap, whilst another concerned over a possible foreign takeover. http://www.aerlingus.com Jul 8, 2006
Lawmakers Vote to Privatize Aer Lingus Group; Plan Runs Into Resistance From Employees. Lawmakers voted Thursday to privatize Aer Lingus Group, one of the world's few profitable state-owned airlines, and immediately ran into resistance from employees worried about job security and benefits. Irish Transport Minister Martin Cullen outlined privatization plans for Aer Lingus to Ireland's parliament, confirming the government's April decision to sell off most of its stake in the carrier by the end of September. Jul 6, 2006
Air France has finally come together with AF Group member KLM KLM Kaiserliche Marine (Enigma: Rising Tide game)
KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines)
KLM Klub Langer Menschen (German: Tall Person Club) , moving into the Dutch airline's offices near Heathrow. The commercial and sales, human resources and finance departments have been combined and now total 180 staff. At the present time the joint airlines operate from 17 UK airports and offer 803 weekly frequencies to Paris CDG (CDMA Development Group, Costa Mesa, CA, www.cdg.org) A membership organization founded in 1995 that promotes CDMA wireless systems worldwide. It is involved with developing new features and services and promoting standards that provide global compatibility and interoperability. and Amsterdam. Since KLM effectively became part of Air France in April 2004 where practical duplicate services have been eliminated 49 out of the 115 long haul destinations are served only by Air France, 33 by KLM and only 33 by both airlines. Similarly, 51 out of the 127 medium haul destinations are operated only by Air France, 24 by KLM and 52 by both airlines. We see here Christine Ourmieres and Vincent Knoops, respective GM's of Air France and KLM. http://www.airfrance.co.uk Jul 8, 2006
Loftleidir Icelandic, the charter and ACMI-marketing subsidiary of the Icelandair/FL Group, has bought a majority of shares in the Latvian charter operator Latcharter Airlines and says it is committed to acquiring the balance in the future. The Reykjavik-based company has a policy of expanding in the Baltic area and the former Soviet area of influence. Latcharter was established in Latvia in 1992 and whilst originally Soviet aircraft equipped it now operates a pair of Airbus A320. Loftleidir itself has a fleet comprising six Boeing 757-200 and three 767-300. Parent company Icelandair offers scheduled transatlantic services to a number of US destinations and is supported by a fleet of 17 Boeing 757s. http://www.loftleidir.com Jul 8, 2006