Company Watch - Finnair.Mar 5, 2007 Finnair Finnair is Finland's largest airline and the flag carrier, with its headquarters in Vantaa, Finland, and its main hub at Helsinki-Vantaa Airport. Finnair and its subsidiary companies dominate both the domestic and international air travel markets in Finland. No-Frills no-frills adj. Informal Marked by the absence of extra or special features; basic: no-frills housing; no-frills airline service. Adj. 1. Unit Eyes Gain From FlyMe Exit. Finnair's Stockholm-based no-frills airline FlyNordic expects to benefit from rival FlyMe Sweden's bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most in a market so far plagued by overcapacity o·ver·ca·pac·i·ty n. Too great a capacity for production of commodities or delivery of services in relation to actual need: the problem of overcapacity in many large industries. , it said on Friday. FlyMe Sweden, the operating arm of holding company FlyMe Europe said earlier on Friday it would file for bankruptcy and has cancelled all its flights. FlyNordic had not yet decided whether it would try to fill gaps in the Swedish route network left by FlyMe's exit. "We have a chance to fill the gaps left by FlyMe, but we already have quite a tight route plan," von Luders said, but he added it could increase its flight frequency on the Stockholm to Gothenburg route. Mar 2, 2007 FlyMe has been strong particularly on its route to Malmo from Stockholm, von Luders said, while FlyNordic focuses on flights from Stockholm to northern Sweden. Von Luders said the unit has had a much stronger start to the year compared to 2006, when it made a loss. FlyNordic turned to profit in the second half of 2006 for the first time since it was set up in 2004, thanks to a change from scheduled traffic to leisure flights. "Our passenger load factors have improved markedly," von Luders said. Mar 2, 2007 03/05/2007 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 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 Copyright [c] 2007 Air Travel Media / 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. All rights reserved. Feb 26, 2007 |
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