Airline Finance News - Europe.Apr 16, 2007 Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) Air France KLM flew 17.13 billion RPKs in March, up 7.5% on the year-ago month. Capacity rose 3.8% to 20.83 billion ASKs, lifting load factor 2.8 points to 82.3%. Apr 9, 2007 Air One Jettainer signed a three-year ULD ULD Unabhängiges Landeszentrum für Datenschutz Schleswig-Holstein (Germany, Independent Centre for Privacy Protection Schleswig-Holstein) ULD Unit Load Device (shipping) outsourcing contract with Air One. Apr 11, 2007 Alitalia Alitalia's new owner will have to spend [euro]3 billion ($4.03 billion) in order to revive the foundering airline, Italian Transport Minister Alessandro Bianchi said in a television interview cited by widespread press reports. Half that total would be required to buy Alitalia and the other half to get it running, he said. Remaining bidders are a consortium led by Texas Pacific Group and MatlinPatterson, a partnership between Air One holding company AP Holding and Intesa Sanpaolo Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has clear leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. and a recently formed tie-up between Aeroflot and UniCredit. Apr 13, 2007 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. British Airways yesterday began selling tickets for the first 380 scheduled flights to depart or arrive at London Heathrow's new Terminal 5, which will open March 27. The first scheduled departure is BA302 toParis Charles de Gaulle. BA's move to its new facility is planned in four phases. Initially, more than 70% of its flights will transfer to T5, followed by an additional 20% at the end of April 2008. In June and October certain short-haul and BA/Qantas codeshare flights will move to Terminal 3 in order to collocate with Verb 1. collocate with - go or occur together; "The word 'hot' tends to cooccur with 'cold'" co-occur with, construe with, cooccur with, go with accompany, attach to, come with, go with - be present or associated with an event or entity; "French fries come oneworld partners. Eventually, more than 90% of BA flights will operate out of T5. 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. 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 Early life Walsh was born in Dublin, Ireland. He attended his local secondary school Ardscoil Rís. recently told Bloomberg News that it will take the airline 10 years to earn back its A[pounds sterling]350 million ($687.1 million) investment in the new terminal. He said it will not raise fares in an effort to recoup the money but will increase the number of business class seats to 52 from 38 on 31 of its 57 747s. Apr 11, 2007 British Airways Walsh details British Airways' limited merger interest British Airways is not in talks to acquire a stake in bmi and is not really interested in Iberia either, CEO Willie Walsh told The Guardian. Apr 9, 2007 CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. Czech Airlines CSA Czech Airlines (in Czech: České aerolinie (abbreviation: ČSA)) is the Czech national airline company, and former national carrier of Czechoslovakia based at Ruzyně International Airport, Prague. CSA Czech Airlines named Ivan Kocarnik as the new chairman of the supervisory board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. replacing Miroslav Sevcik, who resigned. Apr 12, 2007 Finnair Finnair flew 1.82 billion RPKs in March, a 13.7% increase on the year-ago month. Capacity was up 9.3% to 2.34 billion ASKs, lifting load factor 3 points to 77.8%. Apr 12, 2007 Finnair Finnair's March Passenger Traffic Up 13.7 Percent Finnish national carrier Finnair's passenger traffic increased sharply year-on-year in March, boosted by strong growth in demand for Asian flights, it said on Wednesday. Apr 11, 2007 Lufthansa Lufthansa flew 9.59 billion RPKs in March, up 9.6% on the year-ago month. Capacity rose 3.9% to 12.23 billion ASKs and load factor increased 4 points to 77.1%. Apr 13, 2007 Lufthansa Lufthansa staying calm amid merger, open skies tumult Lufthansa CEO Wolfgang Mayrhuber told AirguideOnline that his company is keeping a close watch on the sales and consolidation rumors circulate. Apr 9, 2007 SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Scandinavian Airlines SAS Group carriers flew 3.36 billion RPKs in March, up 5.7% on the year-ago month. Capacity rose 3% to 4.7 billion ASKs and load factor climbed 1.8 points to 71.4%. SAS Scandinavian Airlines flew 2.34 billion RPKs, up 0.2%, against a 1.6% decline in ASKs to 3.13 billion. Load factor rose 1.3 points to 74.8%. Apr 12, 2007 Silverjet Silverjet announced an underwritten placing, subject to shareholder approval, designed to raise A[pounds sterling]27 million ($53.1 million) gross. Shares are being placed at A[pounds sterling]1.80 each, a discount of 3.49% from the closing market price, the startup carrier said. The money will be used for "general working capital purposes." Apr 10, 2007 Silverjet The all-business-class airline sold 3,293 revenue seats in March, representing a 59% load factor. In addition, last month it began offering cargo services on its daily London Luton-Newark 767 flight. Silverjet Cargo will manage 10 tonnes of available payload outbound and 15 tonnes back to Luton. CargoOne is the GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. in the UK and Platinum Air Cargo in the US. The carrier signed trucking contracts to transfer freight from London Heathrow 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 JFK. "Silverjet's immediate plans include the delivery of a second aircraft in June and a third in November 2007. The entire fleet will offer the same potential for cargo and we plan to exploit it fully," Cargo MD Michael Meagher said. Apr 10, 2007 Transaero Transaero plans to sell a 10%-17% stake in 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. next year, Russia's AK&M reported. The company reported turnover of RUB13.63 billion in 2006, up 37.8% from the prior year. Apr 10, 2007 UTair Airlines UTair Airlines' 2006 profit more than doubled to RUB263.9 million ($10.2 million) from RUB128 million in 2005, Russia's AK&M reported. The company anticipates a RUB645 million profit in 2007. Apr 9, 2007 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Apr 9, 2007 |
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