Low Cost Airline News - Europe.Apr 2, 2007 Air Berlin Germany's largest budget airline, Air Berlin (AB), has surprisingly purchased Dusseldorf-based long-haul leisure carrier, LTU LTU Luleå Tekniska Universitet (Luleå University of Technology; formerly Luleå Tekniska Högskola) LTU Lithuania LTU La Trobe University (Australia) LTU Lufttransport-Unternehmen GmbH . The deal, which is subject to approval from competition authorities, comes just six months after the carrier added another German budget operator to its portfolio, DBA, once owned by 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. . AB also plans to buy 49% of Swiss carrier, Belair. Mar 29, 2007 Air Berlin Air Berlin finishes what it started, acquires LTU Seven months after solidifying its position in Germany with the purchase of dba, Air Berlin established itself as the fourth-largest carrier in Europe with the acquisition of leisure carrier LTU, for which it will pay [euro]140 million. Mar 28, 2007 Flyforbeans Flyforbeans is the name of a low-fare startup scheduled to operate out of Cardiff with three Boeing 737-300s by year end. "We know there is a lot of leakage from South Wales South Wales south n → sud m du Pays de Galles to other airports like Bristol--passengers who would fly from Cardiff if there are flights from there," flyforbeans MD Tim Lee Tim Lee is an Australian radio DJ who hosts the show Hot 30 Countdown.[1] References 1. ^ Meet the Team: Tim Lee told the BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. , which said the budget carrier intends to start with 12 daily roundtrips. It has not yet received its AOC AOC, n an acronym for the Aromatherapy Organizations Council. . Mar 30, 2007 Flyglobespan Flyglobespan earned a pre-tax profit of [pounds sterling]4.7 million in the fiscal year ended Oct. 31, down 24.2% from a [pounds sterling]6.2 million pre-tax profit in the prior year, 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. the Scottish LCC's annual report cited yesterday by The Herald. The drop largely was the result of a [pounds sterling]2.7 million charge related to aircraft acquisition. The airline intends to operate 13 737s, three 757s and five 767s by year end, Chairman Tom Dalrymple said. FY revenue rose 27% to [pounds sterling]208 million and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. fell 5.7% to [pounds sterling]5.2 million. Passenger boardings grew 25.4% to 1.8 million. Mar 27, 2007 Ryanair O'Leary defends Aer Lingus bid Ryanair says that its bid for Aer Lingus is the best thing that could ever happen to its fellow Irish carrier, especially given the recent open skies deal Mar 27, 2007 Ryanair Ryanair 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. , Michael O'Leary, has fired a series of explosive salvos at both the environmental lobby and UK politicians, who have attacked the aviation industry of late. Mar 27, 2007 Z 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 our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new, free service that aims to keep travelers informed 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. Mar 26, 2007 |
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