Company Watch - Aeroflot.Jun 25, 2007 Aeroflot flew 1.98 billion RPKs in May, up 12.7% from the year-ago month. Load factor was 67.5%. Jun 19, 2007 Alitalia's auction risks fizzling out altogether as it enters the final stretch, leaving the Italian government with the bleak prospect of pumping more cash into the unprofitable airline to keep it flying. Put up for sale by Rome amid much fanfare six months ago in an effort to turn it around, Alitalia's auction initially attracted 11 bidders before the list was whittled down to three. One of them has since pulled out, and on Monday speculation grew that Aeroflot might be the next to depart after it complained about the price tag. The Russian airline denies any plans to quit. Analysts also question the wisdom of potentially selling Alitalia to a state-controlled airline such as Aeroflot when the aim has been to privatise Verb 1. privatise - change from governmental to private control or ownership; "The oil industry was privatized" privatize manufacture, industry - the organized action of making of goods and services for sale; "American industry is making increased use of it. The deadline to submit binding offers for Alitalia, worth about 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. $1.3 billion on the market, is just two weeks away. Jun 19, 2007 Alitalia's shares fell to a 2007 low on Monday on worries over its sale by the Italian government after one of the two bidders, Russia's Aeroflot, expressed concern about the price tag. Aeroflot denied a report by Russian news agency Interfax that it had pulled out of the bidding for the government's 49.9 percent stake but said a purchase would depend on price. Alexander Lebedev Alexander Evgenievich Lebedev (Алескандр Евгеньевич Лебедев , the majority owner of National Reserve Corporation (NRK NRK Norsk Rikskringkasting (Norwegian State Norwegian Broadcasting Corporation) NRK Norsk Retrieverklubb (Norwegian Retriever Association) NRK Norsk Røde Kors (Norwegian Red Cross) ) which owns 30 percent of Aeroflot, said he was "negative" about the deal and believed the Russian airline's management was taking its cues from the Kremlin. Another representative of NRK said the Russian airline was worried that a high price would make restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). Alitalia, which loses 30 million euros a month, too difficult. Jun 18, 2007 New partners could join Italian carrier Air One's consortium with 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. that is bidding for Alitalia, the bank's chief executive said, sending the Italian airline's share price surging. Italian newspapers reported on Wednesday that US private equity firm MatlinPatterson, which rejoined "Rejoined" is an episode of , the sixth episode of the fourth season. Quick Overview: Jadzia Dax is reunited with the mate of a former host and the two struggle with their feelings for one another. the auction on Tuesday, could join the Air One consortium in bidding for the carrier. MatlinPatterson's return boosts an auction that has been rattled rat·tle 1 v. rat·tled, rat·tling, rat·tles v.intr. 1. a. To make or emit a quick succession of short percussive sounds. b. by concern that Aeroflot, one of the other two final bidders, might pull out. The US fund was earlier part of a consortium with fellow private equity shop 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 which had pulled out citing difficulties with the auction's conditions. The auction is now heading into the final stretch, with binding offers for the airline to be submitted by July 2. Italian newspapers have speculated this could be extended, however. Jun 20, 2007 Rolls-Royce said that its Trent engine had been selected by Avianca, Aeroflot and lease company AerCap. Colombian national airline Avianca has chosen the Trent to power up to 30 jets in a deal worth up to USD$1.1 billion at list prices. Rolls-Royce said under the deal, its first for the Trent engine in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , it would also provide 10 years of support for the engines. Aeroflot selected the Trent to power the Russian airline's new fleet of 10 leased Airbus planes in a deal worth around USD$600 million. Rolls-Royce said the deal was the first for its Trent engine in Russia and included a long-term service agreement. Dutch aircraft leasing company AerCap has ordered Trents to power 10 firm Airbus A330 plane orders and three options. Deliveries of the aircraft are due to begin in 2009. Jun 20, 2007 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 Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; 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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