Low Cost Airline News - Europe.May 6, 2007 EasyJet EasyJet to buy UN-backed carbon credits The carbon-offset market is riddled with "snake oil A product that has been proven to not live up to the vendor's marketing hype. The term comes from the 1800s in which elixirs and potions of all kinds, even ones that supposedly included the oils from snakes, were sold as a cure for everything that ailed a person. salesmen" hoping to glean profits from green-minded travelers, 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. EasyJet. The airline says it will buy credits in UN-accredited programs and sell them back to customers. It has delayed launching an offset program because of concerns about costs. May 1, 2007 Norwegian Air Shuttle An air shuttle is a shuttle service operated with aircraft. Although many airlines employ "shuttle" in their name, a true air shuttle is typically characterized by
In currencies, this is the abbreviation for the Norwegian Krone. 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. 14.9 million ($2.5 million) from NOK42.9 million in the year-ago period. Apr 30, 2007 Ryanair The European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community on Friday extended until July 4 its deadline to rule on Ryanair Holdings PLC's 1.48 billion euros ($1.9 billion) hostile takeover Hostile Takeover A takeover attempt that is strongly resisted by the target firm. Notes: Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm. bid for fellow Irish airline 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, . May 4, 2007 Ryanair Ryanair Warns On Ticket Prices Ryanair warned on Thursday that higher airport charges and an increase in tax paid by passengers flying from the UK are hurting business, knocking more than 5 percent off shares in Europe's biggest low-cost carrier. May 3, 2007 Ryanair Ryanair Holdings plc sank Thursday despite an upgrade from UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Investment Research, after the company warned of softer fare trends. The Irish company's U.S.-listed stock fell $2.48, or 5.2 percent, to $44.92 in afternoon trading after ranging between $23.68 and $49.72 over the past year. May 3, 2007 SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Scandinavian Airlines, SAS Braathens, SAS Norge SAS announced that SAS Braathens will be renamed SAS Norge on June 1, bringing it into line with SAS Sverige and SAS Danmark. "The time is right for changing our name and identity, now when the operational integration is completed," Braathens Chairman John Dueholm said. Apr 30, 2007 Wizz Air Wizz Air will launch flights from Bucharest to Liverpool and Parma (each thrice-weekly from Oct. 1) and Valencia (twice-weekly from Oct. 29). Service to Rome Ciampino will increase to daily from four-times-weekly from June 8 and thrice-weekly London Luton service will be six-times-weekly by July 14. May 4, 2007 ZZ 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 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. Apr 30, 2007 |
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