Airline News - Europe.Oct 9, 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 increased its four-times-weekly Ljubljana-Warsaw service to five. Oct 5, 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, , Ryanair Aer Lingus Job Cuts 'Wild Speculation' - Ryanair. Ryanair described as "wild speculation" a newspaper report that said the carrier planned to cut 1,000 jobs at Irish operator Aer Lingus if its 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 succeeds. Europe's biggest low-cost operator made the surprise cash offer for Aer Lingus on Thursday in a deal that values its target at 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 euros (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) -- 27 percent above the price at which its flotation was launched last week. Ryanair said it planned to retain Aer Lingus's staff and management and for Aer Lingus to maintain its current long and short-haul business model -- but that Ryanair would help it to drive down costs. In turn, Ryanair would benefit from Aer Lingus's superior earnings yield, which is better than the returns Ryanair can get on its cash deposits. Oct 8, 2006 Aer Lingus, Ryanair Ryanair faces opposition to the deal from Aer Lingus management, unions and the Irish government, which has a 28 percent stake in the carrier. Shares in Aer Lingus climbed on Friday as investors speculated the budget carrier would have to raise its surprise offer for the group given the fierce objections to the deal. Analysts have said the deal seems attractive for shareholders in Aer Lingus, which launched its initial public offering at 2.20 euros a share last week -- 60 cents below Ryanair's bid -- but the advantages for Ryanair were less clear. Oct 8, 2006 Aer Lingus, Ryanair Ryanair Aer Lingus deal will ombine a low-cost airline with a legacy carrier addresses the weaknesses of the two business models. Legacy carriers struggle to compete domestically because of higher costs, but low-cost airlines The following is a list of low cost carriers: Asia Bangladesh
Founding member and first violinist of the Juilliard String Quartet for 52 years, American Robert Mann (1920-) is also a composer, conductor and mentor to younger generations of string musicians. said these combinations could take the form of full-blown mergers, but more modest partnerships, such as Southwest Airlines' alliance with ATA Airlines ATA Airlines, Inc., formerly known as American Trans Air, is an American low-cost scheduled service and charter airline based in Indianapolis, Indiana. ATA operates scheduled passenger flights throughout the US mainland and Hawaii, as well as military and commercial charter , would be easier to carry out. But there will be cultural clashes. Although both are based in Ireland, Aer Lingus and Ryanair would be uncomfortable bedfellows, said Randy Babbitt, chief executive of aviation advisory firm Eclat Consulting. "It would be a very difficult cultural merger," he said. Oct 6, 2006 Aer Lingus, Ryanair Ryanair is an aggressive, no-frills carrier, while Aer Lingus is a legacy national carrier that has strong links to the Irish government, its largest shareholder. Evidence that there will be problems surfaced on Friday, when Irish opposition politicians and union officials decried the merger proposal. Some industry experts also have doubts about the rationale of merging low-cost and legacy carriers. "I don't really see that model would work," said Geert Boven, acting chief executive of Abu Dhabi-based Etihad Airways Etihad Airways (Arabic: الإتحاد, ʼal-ʻitiħād) is the flag carrier of the United Arab Emirates. Etihad is based in Abu Dhabi, the capital of the UAE. . "It's two completely different business models." Oct 6, 2006 Aer Lingus, Ryanair Aer Lingus, and its employee trust which holds around 15 percent of the group, were not available to comment and only issued a brief statement over four hours after Ryanair announced its bid, saying it was considering the announcement and would make another statement in due course. Meanwhile the airline's main union, which opposed 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 , said the takeover would be bad for Ireland. Ryanair does not negotiate with unions in its own business but said Aer Lingus would be able to operate as at present. Oct 5, 2006 Aer Lingus, Ryanair Exane BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. analyst Nick van den Brul said the Ryanair-Aer Lingus deal could get cleared by competition regulators although the groups may have to sacrifice a few routes. Van den Brul said investors would also want to be reassured the deal would not make Ryanair less profitable given Aer Lingus's lower margins and added some might be disappointed if a deal dashed hopes of Ryanair returning cash to shareholders. Oct 5, 2006 Aer Lingus, Ryanair Ryanair Makes USD$1.9 Bln Bid For Aer Lingus. Ryanair, Europe's biggest budget airline, launched a surprise bid for Aer Lingus on Thursday, valuing the former Irish state carrier -- which listed just four days ago -- at EUR1.48 billion euros (USD$1.9 billion). Ryanair Chief Executive Michael O'Leary Michael O'Leary is the name of a number of prominent people:
Aer Lingus, Ryanair Ryanair revealed it had already bought 16 percent of Aer Lingus in the market and would offer 2.80 euros a share in cash for the rest of the group -- a 27 percent premium to Aer Lingus's 2.20 euros per share flotation price. The shares closed on Wednesday at 2.51 euros. The budget airline would retain Aer Lingus's staff and management and Aer Lingus would keep its own branding and continue to operate its mixed long-haul and short-haul business -- but Ryanair said it would help it drive down costs. In turn Ryanair would benefit from Aer Lingus's superior earnings yield, which is better than the returns Ryanair can currently get on its cash deposits. Oct 5, 2006 Aer Lingus, Ryanair The Irish government said it would not sell its remaining 28 percent stake but O'Leary told reporters that while he was targeting at least a 50.1 percent controlling stake he would be happy to have the government, with whom he has often clashed in the past, as a minority shareholder. Only if Ryanair can get a sizeable holding in Aer Lingus would it delist the company, he added. Under takeover rules his company can continue to buy in the open market -- at not more than the offer price -- until it reaches a stake of just under 30 percent. O'Leary said he did not expect to face competition issues over the deal and that Ryanair and Aer Lingus's networks only overlapped on 17 of their combined 500 routes. Oct 5, 2006 Aer Lingus, Ryanair The Ryanair-Aer Lingus takeover would create an airline with about 50 million passengers annually, capable of competing with large European airline alliances and groupings like 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. and Lufthansa-SAS-Swiss. Aer Lingus -- which had a valuation at listing of about 12.7 times earnings per share for calendar 2006, broadly in line with 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. -- went to the market to raise money to help it with a planned EUR2 billion (USD$2.54 billion) fleet expansion, which includes upgrading its long-haul operation. O'Leary said he would want Aer Lingus to continue with that aim and would want the former state operator to upgrade that service so it included beds and other high-end services. Oct 5, 2006 Finnair Finnair will boost its Helsinki-Tokyo service from two to four weekly flights from Dec. 1 and will use A340-300s to operate the added flights. Oct 3, 2006 Hapagfly, Hapag Lloyd Express , TUI tui: see honeyeater. (Telephone User Interface) The combination of Touch-tone input from the telephone keypad coupled with speech output from the connected voicemail or IVR application. Hapagfly and Hapag Lloyd Express integration is reflected in the release Friday of a joint flight schedule for 2007, 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. parent TUI Group. "With the joint flight schedule for summer 2007 we have reached the first major milestone on the path to integrating Hapagfly and HLX HLX Hapag Lloyd Express (German airline) HLX High Luxury ," said Hapagfly Executive Board Chairman Christoph Mueller, who also sits on the executive board of TUI. The schedule will show a capacity increase of 25% over the summer of 2006 with 56 aircraft. Oct 2, 2006 Martinair Holland Martinair will initiate Comfort Class service on its intra-European flights and those to Egypt from Oct. 29. The Dutch leisure carrier introduced the service, which offers 10% more legroom leg·room n. Room in which to stretch the legs while seated. legroom Noun space to move one's legs comfortably, as in a car legroom n → , a free drink and entertainment choice last November on long-haul services for [euro]49 ($62.3) per sector. The upgrade on its short- and medium-haul flights will be sold for [euro]25 per sector. Oct 3, 2006 Spanair Spanair will increase its Barcelona service for the summer 2007 schedule to include twice-daily flights to Jerez, Almeria and Munich and daily services to Frankfurt and Algiers. Oct 5, 2006 Swiss European Air Lines Swiss European Air Lines is a subsidiary of Swiss International Air Lines, operating as the latter on some of its short haul routes. Swiss International Air Lines, also known as SWISS, is the successor of Swissair, following that company's grounding in 2001. Swiss European Air Lines, the Regional subsidiary of 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). , and the Swiss Pilots Assn. opened discussions on a new labor agreement at the carrier's invitation. Both parties agreed not to comment further on the details of the talks. Flight operations were interrupted last week when SPA pilots staged a two-day strike, forcing the cancellation of 142 flights. Oct 6, 2006 Transaero Transaero started a twice-weekly Moscow Domodedovo-Amritsar service aboard 767-200/300s. Oct 6, 2006 VLM Airlines VLM Airlines (short for Vlaamse Luchttransportmaatschappij - Flemish Air Transport Company) is a Belgian business airline. History VLM Airlines started operations in May 1993 with a scheduled service between Antwerp and London City Airport. Groningen is to be connected to London for the first time. VLM 1. (architecture) VLM - Very Large Memory. 2. (networking) VLM - Virtual Loadable Module. is to introduce a direct daily service (except Saturday) via Amsterdam with the timing structured to offer a day visit to London from the north Holland city close on the German border. Outbound from London City departure is 1750, arriving Groningen at 2120. In the other direction the timings are 0650 touching down in London at 0735 (all times local). Earlier this month VLM doubled its services between London City and Amsterdam from six to 12 weekdays. The carrier has also announced that it will introduce a new direct route between Manchester and Antwerp, and increase the number of flights it offers between London City and Antwerp to four, both from 30 October. http://www.flyvlm.com Oct 2, 2006 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 2, 2006 |
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