Airline Finance News - Europe.Oct 16, 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, Ireland Seeks Guidance On Aer Lingus Bid. The Irish government is to open talks next week with the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community over Ryanair's takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares for fellow Irish carrier Aer Lingus. Oct 12, 2006 Alitalia Alitalia Needs Restructuring, Not More Aid - EU. The solution for loss-making Italian airline Alitalia lies in a restructuring of the company rather than more state aid, the European Commission said on Wednesday. Oct 11, 2006 Alitalia Alitalia Group acknowledged last week that its airline unit will not break even this year as it predicted in its business plan and admitted that survival will be difficult despite this year's state-guaranteed [euro]1.3 billion ($1.7 billion) recapitalization. Alitalia noted in a report obtained by Il Sole 24 Ore Il Sole 24 ore (IPA: [il'soː.le ven.ti.kwat'troː.re]; Literally Italian Meaning: "the sun 24 hours . The document precedes a meeting between the government and Alitalia's unions scheduled for Tuesday and a parliamentary hearing with the carrier's chairman and 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. , Giancarlo Cimoli, the following day. Alitalia blamed the Civil Aviation Authority Civil Aviation Authority civil (Brit) n → Behörde f für Zivilluftfahrt , excessive union power and LCCs. It argued that Italy's airline sector needs more consolidation. It is keen to join Air France KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) but the group repeatedly has insisted Alitalia must be profitable before discussions can move forward. Oct 9, 2006 Alitalia Alitalia reported a first-half net loss of [euro]221.5 million and is expected to post a full-year loss of at least [euro]300 million before one-off capital gains. Oct 9, 2006 British Airways British Airways May Raise Pension Injection To Win Deal. British Airways said on Wednesday it was prepared to increase a proposed cash injection into its pension scheme as it seeks to strike a deal with unions over plans to tackle its pension deficit. Oct 11, 2006 British Airways British Airways Commercial Director and board member Martin George resigned yesterday after admitting that "inappropriate conversations" concerning the setting of fuel surcharges on long-haul tickets occurred in his department . BA Head of Communications Iain Burns also resigned. Both executives had been on leave since June, when the UK Office of Fair Trading The Office of Fair Trading or OFT is a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator. and the US Dept. of Justice began investigating fuel surcharges. Oct 10, 2006 British Airways Two British Airways officials resign in midst of U.K.-U.S. probe. Two top executives at British Airways have resigned amid a fuel surcharge and airfare investigation. In June, British regulators raided British Airways as part of a transatlantic investigation conducted with U.S. Department of Justice. The three other carriers that fly directly between London's Heathrow Airport and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of say they were involved in the investigation but are not direct targets. Oct 9, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 9, 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion