Airline Finance News - Europe.Oct 23, 2006 Twenty-five EU nations formally agreed to and signed the new interim PNR PNR Partner PNR Passenger Name Record (airlines) PNR Policía Nacional Revolucionaria (Cuban police) PNR Philippine National Railways PNR Point of No Return PNR Polymerase Chain Reaction sharing agreement with the US reached on Oct. 6. The interim deal is valid until July 2007 and replaces the 2004 agreement annulled by the European Court of Justice European Court of Justice, judicial branch of the European Union (EU). Located in Luxembourg, it was founded in 1958 as the joint court for the three treaty organizations that were consolidated into the European Community (the predecessor of the EU) in 1967. . EU and US negotiators will seek to reach a more comprehensive and lasting agreement before year end. Oct 17, 2006 Adria Airways Adria Airways is an airline based in Ljubljana, Slovenia, Europe. It is the national airline of Slovenia and a regional member of the Star Alliance. It operates international scheduled services throughout Europe and charter services to destinations in Europe and the Middle East. Adria Airways said it achieved a "small profit" in the nine-month period ended Sept. 30 as passenger numbers climbed 15% over the year-ago period to 811,132. Oct 18, 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 stakeholders mount defense as Ryanair expands from Dublin. Ryanair's bid for Aer Lingus continues to create controversy in Ireland, with the latter's SIPTU SIPTU Services, Industrial, Professional & Technical Trade Union (Ireland) workers demonstrating yesterday morning outside the lower house of the Irish parliament to emphasize their opposition to Ryanair's plans and call on the government to buy back EI shares in order to block the takeover. Oct 19, 2006 Aer Lingus Aer Lingus Chief Believes Ryanair Bid Will Fail. Aer Lingus 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. 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. said on Wednesday that Ryanair's EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.48 billion euro (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $1.86 billion) bid for the airline would fail, while investors continued to build stakes that could block the offer. Oct 18, 2006 Air One, Bulgaria Air Bulgaria Air (Bulgarian name: България Ер) is the national airline carrier of Bulgaria, based in the capital, Sofia. Air One yesterday confirmed it offered to pay BGN BGN In currencies, this is the abbreviation for the Bulgarian Lev. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5.3 million ($3.4 million) to purchase 99.99% of Bulgaria Air. Italy's second-largest airline also committed to invest [euro]11.6 million ($14.5 million) in the Bulgarian carrier over a five-year period in addition to a [euro]500 million fleet renewal if it wins the tender launched in June and approved in February. Oct 19, 2006 Air One, Bulgaria Air Air One Offers New Planes For Bulgaria Air. Italy's second largest airline Air One offered to buy new planes worth EUR500 million euros (USD$627 million) for Bulgaria's state flag carrier Bulgaria Air if it wins a tender to buy the airline, it said on Tuesday. Oct 17, 2006 Air Slovakia Air Slovakia is an airline based in Bratislava, Slovakia. It operates scheduled and charter passenger flights from Bratislava. History The airline was established on 2 June 1993 with the name of Air Terrex Slovakia and started operations on 1 July 1993. Air Slovakia has been sold to Indian businessman Harjinder Singh Sidhu for an undisclosed price estimated to be around $30 million. Sidhu is the principal financier behind Golden City Aviation, a new company based in Vienna. Austrian media reported Golden City already has operated its first flight, a Vienna-Cologne service aboard an MD-83 belonging to Austrian charter company MAP. Sindhu's airline, which will take on an Indian name This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. and reportedly market itself to Indians, is planning twice-weekly flights from Vienna to Goa, Gochin, Jaipur and Amritsar and eventually to London, Amsterdam and Mumbai. Long-haul flights will be aboard Air Slovakia's two 757-200s. It also has one 737-200. Oct 19, 2006 Alitalia Alitalia Seeks Partner As It Misses Revenue Target. Alitalia's board has instructed its chief executive to find a partner for the Italian airline, the company said on Thursday, as it looks for a way out of its mounting woes. Oct 19, 2006 Bulgaria Air, Hemus Hemus Comes First In Bulgaria Air Sale. Bulgaria's privatization privatization: see nationalization. privatization 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 agency said on Friday it had ranked privately held Hemus Air as the best of two bidders in the sale of 99.99 percent in state flag carrier Bulgaria Air. Oct 20, 2006 Finnair Finnair Strike Ends, Flights Returning To Normal. Finland's flag carrier Finnair said on Friday it would gradually restore normal flight schedules over the weekend after a strike by cabin crew cabin crew cabin n (Aviat) → équipage m ended. Oct 22, 2006 Finnair Finnair Strike Goes Ahead. Finnish flag carrier Finnair said it was hoping to operate a limited service on Thursday after cabin crew walked out over a recruitment dispute. Oct 19, 2006 Finnair Finnair flight attendants go on strike. Finnair and Finnish flight attendants' union SLSY failed to reach an agreement yesterday in their dispute over the recruitment of new cabin staff, resulting in a strike that began at 4 a.m. local time. Oct 19, 2006 Finnair Mediator In Talks On Finnair Strike. Finland's state mediator was trying on Wednesday to settle a dispute between national flag carrier Finnair and cabin crew who have called an indefinite strike set to start on Thursday, officials said. Oct 18, 2006 Finnair Finnair said it is preparing for an illegal strike by members of the SLSY flight attendants union scheduled to begin early Thursday morning. The airline said the resulting flight cancellations could cost it [euro]2.5 million ($3.1 million) per day. The news came after Finnair announced it would recruit 500 cabin attendants by next fall to its Aero subsidiary under the national collective agreement. The hires are necessary to handle growing Asia-Europe traffic. Oct 18, 2006 Finnair Finnair flew 1.55 billion RPKs in September, a 12.3% rise from the year-ago month. Capacity grew 8% to 2.05 billion ASKs and load factor was up 2.9 points to 75.5%. Oct 16, 2006 Icelandair, FL Group FL Group completed the sale of its 51% stake in Icelandair. It will earn a [euro]305 million ($381.5 million) profit on the [euro]410 million transaction, it said in a statement cited by press reports. The buyers were Langflug (32%), Naust (11.1%) and Blue-Sky Transport Holding (7.4%). Oct 17, 2006 LOT Polish Airlines LOT Polish Airlines (Polskie Linie Lotnicze LOT, short name PLL LOT) is the national airline/flag carrier of Poland, based in Warsaw. It operates scheduled passenger and cargo services. Domestic services link Warsaw with ten cities. LOT Polish Airlines should be set for an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. by the end of 2007 or early 2008. The Polish government said last week that more details will be released when year-end 2006 financial figures become available, Polish news agency PAP reported. Oct 18, 2006 Lufthansa Lufthansa said it will recruit 500 flight attendants and 250 staff for check-in and other ground services in Munich. "We see at our Munich hub a higher growth rate than we expected in earlier plans. We need more staff for ground and air services urgently," Munich Hub Manager Karl Ulrich Garnadt said. The airline said that 2.2 million passengers used the hub in September, an increase of 10% over the year-ago month. Oct 20, 2006 Lufthansa Lufthansa is refining its hub management strategy. From Jan. 1 it will transfer network management tasks and processes to its hubs. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. LH staff magazine Lufthanseat, the process will begin with the winter schedule as short- and medium-haul aircraft are firmly assigned to the Frankfurt and Munich hubs or to a non-hub area on the basis of their tail number. Aircraft may be reassigned at the base for economic or operational reasons but will not be transferred to another hub. With the 2007 summer schedule, long-haul aircraft will be assigned on the same principle. LH is expecting more planning stability and wants to create a foundation for the transfer of greater operational and entrepreneurial responsibility to individual hubs. Oct 16, 2006 Olympic Airways EU Seeks Fines For Greece's Olympic Air Aid. 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 asked the European Court of Justice on Wednesday to impose daily fines on Greece for failing to recover illegal state aid given to Olympic Airways. The European Commission is upping its efforts to force Greece to reclaim some [euro]161 million ($201.8 million) in illegal subsidies from Olympic Airways, adopting a decision requesting the European Court of Justice to fine the country. Oct 18, 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 16, 2006 |
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