Airline Finance News - Europe.Jul 16, 2007Air 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 Says Sector Consolidation Not Over. The airline industry has not yet completed a period of merger consolidation in Europe and elsewhere, Jean-Cyril Spinetta, chairman of Air France-KLM Air France-KLM (Euronext Paris: AF, NYSE: AKH) is an airline company incorporated under French law with its headquarters at Roissy-Charles de Gaulle Airport near Paris, France. , said on Thursday. The airline group will examine potential deals as they arise as long as they create value, he told a shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. . Spinetta also told investors the group would decide on a potential order for the new generation of mid-size aircraft from Airbus and Boeing next year by choosing between the Airbus A350 XWB XWB Extra Wide Body (Airbus) and Boeing's 787 Dreamliner. Jul 13, 2007 Air France KLM KLM appointed Ype de Haan De Haan or de Haan may refer any of the following people or places:
Air France KLM Air France KLM flew 17.75 billion RPKs in June, up 4.9% from the year-ago month, against a 4.5% lift in ASKs to 21.45 billion. Load factor was up 0.3 point to 82.7%. Jul 9, 2007 AiRUnion AiRUnion is planning to apply for IOSA IOSA Iata Operational Safety Audit IOSA Islands' Oil Spill Association (San Juan County, WA) IOSA Internet and Open Source in Archaeology IOSA International Oil Scouts Association IOSA International Organizational Studies Association certification once the merger of the five constituent carriers is complete, a source close to the airline said in Moscow. That is expected to occur in November. The companies won government approval two months ago . None of the five airlines--KrasAir, Domodedovo Airlines JSC "Domodedovo Airlines" (Russian: ОАО «Авиакомпания «Домодедовские , Sibaviatrans, Samara Airlines and Omskavia--is an IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. member. Jul 12, 2007 Alitalia Italian government again pushed back the deadline for submitting binding bids for its stake in Alitalia, this time to July 23, Reuters reported. Deadline had been set for July 12 . Jul 9, 2007 Cathay Pacific Airways Cathay Pacific Airways and Dragonair flew 6.67 billion RPKs in June, up 1.4% from the year-ago month. Capacity climbed 1.5% to 8.23 billion ASKs and load factor slipped 0.1 point to 81%. Jul 12, 2007 Finnair Finnair has completed the sale of its Flynordic subsidiary to Norwegian Air Shuttle, which was first announced in April. However the transaction is pending formal approval from the Norwegian competition authority Norwegian Competition Authority (Norwegian: Konkurransetilsynet) is Norwegian Government agency responsible for managing the Competition Act of 2004, including regulations imposed through the European Economic Community. . Jul 9, 2007 Iberia Iberia Sets Conditions On Opening Books To TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général . The board of directors of Iberia said on Thursday it will open its books to private equity firm TPG, which is bidding for the airline, but only if TPG agrees to confidentiality. Iberia said it would give the TPG consortium additional information but only if it receives a binding offer and if the board feels it is in the best interests of the company. So far, the consortium has only indicated it will make a 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. 3.4 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. $4.7 billion) offer. The consortium includes British Airways which owns 10 percent of Iberia. Jul 13, 2007 Iberia Iberia flew 4.69 billion RPKs in June, up 4.1% from the year-ago month. Capacity climbed just 0.6% to 5.59 billion ASKs, lifting load factor 2.8 points to 83.8%. Jul 13, 2007 Iberia, British Airways Iberia confirmed Friday that it brought forward its next board meeting, originally planned for July 26, to this Thursday but did not confirm speculation that the board will discuss opening its books to a potential bid consortium including TPG Capital and British Airways. Iberia will open its books only to offers above [euro]4 ($5.45) per share, Cinco Dias reported, citing shareholder sources. TPG's March approach valued IB at [euro]3.4 billion, or [euro]3.60 per share. In May Iberia acknowledged that the TPG-led consortium had "shown interest in analyzing the information requested formerly by TPG as soon as possible" and stated its board had decided "to study deeply the proposal in the next meeting." June's meeting, however, did not include official discussions regarding the request for information. Jul 9, 2007 Lufthansa Lufthansa flew 10.57 billion RPKs in June, up 7.6% on the year-ago month. Capacity climbed 4.9% to 13.22 billion ASKs and load factor rose 2 points to 80%. Jul 11, 2007 Lufthansa Lufthansa said passenger traffic rose 7.6 percent in June, helping it achieve a 7.7 percent increase in the first half of the year. The passenger load factor rose 2 percentage points to 80 percent last month for a first-half increase of 2.1 points to 76.1 percent, Lufthansa said. "All traffic regions made pleasing progress," it added. Jul 10, 2007 Lufthansa Lufthansa said European and domestic passenger traffic grew 8.6 percent in June from a year earlier, slightly faster than the 8.4 percent increase on routes to and from North and South America. Asia/Pacific routes saw traffic grow 7.4 percent. Jul 10, 2007 Lufthansa Lufthansa said cargo and post carried in June rose 2.7 percent to 153,000 tonnes "in an intensely competitive environment", Lufthansa added. This contributed to a rise of 2.8 percent to 877,000 tonnes in the first six months of 2007. The June cargo load factor rose 3.3 percentage points to 70.1 percent. Jul 10, 2007 SAS Group SAS Group airlines flew 3.99 billion RPKs in June, up 6.6% from the year-ago month, against a 6.7% rise in capacity to 5.22 billion ASKs. Load factor slipped 0.1 point to 76.4%. 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 flew 2.63 billion RPKs, up 1.1%, as capacity climbed 1.3% to 3.3 billion ASKs and load factor dipped 0.1 point to 79.8%. Jul 10, 2007 Swiss International Air Lines Swiss International Air Lines (short: Swiss) is the principal airline of Switzerland operating scheduled services in Europe and to North America, South America, Africa and Asia. Its main hub is Zurich Kloten Airport (ZRH). Swiss International Air Lines named former head of flight operations Gaudenz Ambuehl as its new COO. Jul 10, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar 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 service that keeps travelers informed on 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. |
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