Company Watch - Air Berlin.Aug 13, 2007 Air Berlin, Germany's second-biggest carrier, said that the German Federal Cartel cartel (kärtĕl`), national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, or division of profits among the member firms. Office approved its acquisition of LTU LTU Luleå Tekniska Universitet (Luleå University of Technology; formerly Luleå Tekniska Högskola) LTU Lithuania LTU La Trobe University (Australia) LTU Lufttransport-Unternehmen GmbH "without any restrictions." AB reached a deal in March to buy LTU for [euro]140 million and assume [euro]200 million of the company's debt. AB 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. Joachim Hunold said it was "regrettable that this process took so long" and that "synergies could not be exploited during this year as planned. We were not able to adjust summer flight timetables of both airlines." From next year, AB is expecting annual savings of [euro]70-[euro]100 million, although Hunold said some of that depends on the outcome of negotiations with LTU pilots. LTU has a fleet of 27 aircraft and reported revenue of [euro]1.06 billion in 2006. Aug 9, 2007 Air Berlin said it transported 2.3 million passengers in July July: see month. , up 15.5% on the year-ago month. Load factor climbed 1.9 points to 83.2%. Unit revenue was down 3.4% to [euro]0.057. Aug 9, 2007 Air Berlin announced the conclusion of its first labor agreements with pilots and cabin staff. The deals, covering members of both the Vereinigung Cockpit This article is about the flight deck of an aircraft. For other uses, see Cockpit (disambiguation). A cockpit is the area usually nearer the front of a piloted aircraft from which a pilot controls the aircraft. and ver.di unions, are effective from Aug. 1 and were agreed to "on the basis of the present actual working conditions at Air Berlin," the airline said. The agreement covering compensation runs until Dec. 31, 2008, with the accord on work rules expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. one year later. AB employs 805 pilots and 1,442 flight attendants. Aug 8, 2007 Air Berlin said Air Berlin Technik will service the airline's fleet of 130 aircraft and will look to develop third-party business. "Air Berlin is hoping that by merging these technical operations it will achieve better utilization of the facilities at the individual sites and a reduction in technical costs. The intention is also to separate these activities from seasonal flight operations," the airline said. Aug 10, 2007 Air Berlin announced the creation of a new, independent maintenance and engineering company that will combine its own Air Berlin Technik Berlin division, 600 employees working for LTU in Dusseldorf and Munich, Air Berlin employees in Dusseldorf and 130 dba-Technik workers in Munich. The new company, Air Berlin Technik, will employ 1,100. The LTU workers and AB's employees in Dusseldorf will comprise Air Berlin Luftfahrttechnik Dusseldorf, a subsidiary of ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff . Aug 10, 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 Pyramid pyramid, structure pyramid. The true pyramid exists only in Egypt, though the term has also been applied to similar structures in other countries. Egyptian pyramids are square in plan and their triangular sides, which directly face the points of the Media Group / Air Travel Media. All rights reserved. |
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