Low Cost Airline News - Europe.
Sep 24, 2007
Air Berlin announced plans on Sept. 20 to buy the German charter carrier Condor from Lufthansa in a two-stage deal that could land Thomas Cook For the company, see Thomas Cook AG.
Thomas Cook (22 November 1808 – 18 July 1892) of Melbourne, Derbyshire, founded the travel agency that is now Thomas Cook AG. He was brought up as a strict Baptist and joined his local Temperance Society. a near 30 percent stake in Air Berlin. The deal would see Air Berlin expand its fleet to around 160 planes, become Germany's second and Europe's fifth-biggest airline and give it a similar scale to low-cost rivals Ryanair and easyJet. It would be Air Berlin's third acquisition within a year, having already bought domestic rivals DBA and LTU LTU Luleå Tekniska Universitet (Luleå University of Technology; formerly Luleå Tekniska Högskola)
LTU La Trobe University (Australia)
LTU Lufttransport-Unternehmen GmbH . Sep 20, 2007
Air Berlin is to open a new route from London Stansted to Munich on November 5, 2007. The airline will fly twice-daily from Monday to Friday and once on Saturday and Sunday, competing head on with easyJet, which also offer two departures in each direction, but daily. From Heathrow bmi, 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. and Lufthansa offer a multitude of flights, while at London City London City may refer to:
Air Berlin 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. Sees No Takeover. Air Berlin was undervalued Undervalued
A stock or other security that is trading below its true value.
The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. but expected no takeover of the carrier, its chief executive told a German magazine. Sep 17, 2007
Air Berlin was undervalued but expected no takeover of the carrier, its chief executive told a German magazine. The carrier, which has recently expanded its network through the purchase of domestic rival DBA and charter carrier LTU, has been the subject of takeover speculation in recent months. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/) (ISIN: DE0005140008, NYSE: DB) (English: German Bank said this week it had raised its stake in the airline to 16.36 percent, but that its holding was purely financial and not strategic. Hunold said there was no reason to doubt Deutsche Bank's comment, although the carrier was "fully undervalued". Sep 17, 2007
Brussels Airlines Brussels Airlines is a Belgian airline based at Brussels Airport. It operates to over 50 destinations in 20 European countries, as well as long-haul flights to East, Central and West Africa.
Brussels Airlines will start a six-times-weekly Brussels-Ljubljana service from Nov. 19. Sep 21, 2007
UK budget operator EasyJet is sceptical about the value of the current generation of biofuels, suggesting that further research and development is necessary before a genuinely useful product is likely to emerge. Chief executive Andrew Harrison expressed doubts about biofuel bi·o·fuel
Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes.
bi technology at the World Low Cost Airlines Congress in London, during which the carrier started a campaign intended to clarify issues relating to relating to relate prep → concernant
relating to relate prep → bezüglich +gen, mit Bezug auf +acc aviation[sup.1]s contribution to climate change. Speaking during the congress, Harrison said that the question over the value of current biofuels was "still open" and added: "The energy output versus the weight is still a problem. Maybe the second generation will be different." He also highlighted concerns that deforestation deforestation
Process of clearing forests. Rates of deforestation are particularly high in the tropics, where the poor quality of the soil has led to the practice of routine clear-cutting to make new soil available for agricultural use. was a consequence of biofuel production. "We[sup.1]re not against [biofuel]," says Harrison Sep 19, 2007
EasyJet launched twice-daily London Luton-Zurich service and said it expects to carry more than 160,000 passengers on the route over the next 12 months. Sep 19, 2007
Budget carrier EasyJet has embarked on a major promotional campaign aimed at putting forward the industry[sup.1]s green credentials, which includes a call for the UK[sup.1]s air passenger duty (APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. ) to be replaced by a tax based on aircraft type and distance travelled. The move - which includes publication of a report into aviation[sup.1]s contribution to climate change and a national newspaper advertising campaign - is timed to coincide with the UK political conference season. EasyJet says the campaign is aimed at encouraging politicians in the UK - where aviation and its environment. Sep 18, 2007
Jet2.com, the Leeds Bradford Airport Bradford Airport, (IATA: YFD, TC LID: CPM7), is a registered aerodrome located near Bradford, Ontario, Canada. References
Jetairfly will launch Brussels-Aqaba service with a stopover in Sharm el Sheikh Sharm el Sheikh or Sharm ash Shaykh: see Sinai. aboard Boeing 737-800s from Oct. 25. Sep 17, 2007
Norwegian, which claims to be Scandinavia[sup.1]s largest low fares airline, is to operate into Gatwick for the first time this coming winter season. Two new routes will be introduced, Oslo and Stavanger. Sep 20, 2007
Ryanair Holdings PLC said Thursday it expects fiscal 2007 profits to rise 10 percent - and is considering a lawsuit against its Irish rival 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, . Ryanair stuck by its previous forecasts for the April 2007-March 2008 period during its annual general meeting at a hotel near Dublin Airport. Chief Executive Michael O'Leary said he expected Ryanair's passenger load to grow 18 percent to 50 million over the 12-month period, but profits would rise just 10 percent "due to the softness in winter yields, rising fuel costs, and the doubling of passenger charges at London Stansted, Ryanair's largest base." Sep 20, 2007
Low-cost airfares will only get cheaper in the coming years, budget carrier Ryanair Holdings PLC forecast Sept. 18, predicting a 5 percent to 10 percent drop in its own average fare price this year. Sep 17, 2007
Thomas Cook, Air Berlin
Thomas Cook, Europe's second-largest travel firm, will sell Condor to Air Berlin in two stages: 75.1 percent in February 2009, and the remainder in February 2010 after Thomas Cook has exercised an option to buy Lufthansa's stake in Condor. It is also subject to Lufthansa not exercising a pre-emption right to buy the Condor shares that Air Berlin is buying. In return Thomas Cook will take up to a 29.9 percent stake in Air Berlin worth between EUR EUR
In currencies, this is the abbreviation for the Euro.
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. 380 million and EUR475 million, gain three seats on the airline's board and receive around EUR120 million in cash. Sep 20, 2007
Thomas Cook, Air Berlin
Thomas Cook joint chief executive, Manny Manny may refer to:
Volareweb will start four weekly Milan Malpensa-Maastricht flights aboard Airbus A320s from Oct. 28. Sep 19, 2007
Wizz Air will add a third A320 to its base at Gdansk in March, launch thrice-weekly service to Bournemouth, Coventry and Gothenburg and add frequencies on its existing routes. The LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC.
1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. said it expects to grow the number of passengers traveling to and from its Gdansk base to more than 1 million in 2008. Sep 21, 2007
Wizz Air will introduce "comfort seats" with extra legroom leg·room
Room in which to stretch the legs while seated.
space to move one's legs comfortably, as in a car
legroom n → in rows 12 and 13 on its A320s on Oct. 29. The extra legroom costs [euro]5 ($6.98) if paid online concurrently with the booking and [euro]10 if paid after the initial booking. Sep 21, 2007
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