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Low Cost Airline News - Europe.

Nov 27, 2006

Air France KLM

Air France KLM's startup would be modeled on its Amsterdam-based transavia.com subsidiary, which offers a mixture of charter and scheduled low-fare flights, and would be based at Paris Orly South. It would operate a fleet of 186-seat 737-800s to a selection of popular tourist destinations such as Morocco, Tunisia and Spain. "This initiative will meet with the demand for scheduled flights to leisure destinations not presently served by Air France," the carrier said in a statement, noting that the initiative "would fit in very well with the growth strategy of transavia.com, which has for some time been planning to operate from additional bases outside the Netherlands." In addition to Air France Soleil flights, as the project has been dubbed, transavia.com would commence charter operations from ORY. Transavia.com denied press speculation that part of its fleet would be transferred to the new company. Nov 20, 2006

Air France KLM

The creation of a hybrid low-fare/charter airline by Air France KLM is rather surprising considering management's longstanding resistance to the idea of an in-house LCC to compete with Ryanair and easyJet. AF quit the charter segment in 1997 when it closed Air Charter. Nov 20, 2006

Bmibaby

Bmibaby will launch service from its Birmingham base to Glasgow International (twice-daily), Faro (thrice-weekly) and Murcia (four-times-weekly) from March 25. The LCC intends to add more new destinations from BHX later next year, according to MD Crawford Rix. Nov 21, 2006

Norwegian

Norwegian is taking SAS Braathens back to court, this time in an attempt to secure financial damages, according to press reports. Braathens was acquitted in a September criminal trial of illegally accessing Norwegian's reservations system but paid a NOK400,000 ($62,300) fine for misusing confidential business information. Norwegian now wants a civil court to award further damages. Nov 20, 2006

Ryanair

Ryanair's bid for Aer Lingus appears to be dead following yesterday's overwhelming vote to reject the offer by members of EI's Employee Share Ownership Trust, which holds 12.58% of the flag carrier. The SIPTU and Impact unions reported that 97% of voting ESOT members opted to oppose the bid on a 70% turnout. The Irish government already has indicated it will not sell its 25.35% stake. Ryanair holds 19.16%. The bid is conditional on securing at least 50.1%. Nov 23, 2006

Ryanair

Ryanair CEO Michael O'Leary said yesterday in a letter to Aer Lingus shareholders that the LCC will not raise its [euro]2.80 ($3.59)-per-share bid despite the poor response from EI shareholders. "In our opinion, there is nothing in the Aer Lingus defense document or its strategy as articulated by the chief executive that justifies a price in excess of [euro]2.80," O'Leary said in the letter, according to press reports. Ryanair has extended the deadline for its offer until Dec. 4. Nov 22, 2006

Ryanair

Ryanair, Europe's biggest budget airline said on Tuesday it would not increase the bid, which values Aer Lingus at EUR1.48 billion (USD$1.9 billion). Having said it will not raise the offer, Ryanair cannot bid again for the airline in the next 12 months. Nov 22, 2006

Ryanair

Ryanair recently announced the launch of thrice-weekly Nottingham East Midlands-Rimini service on March 27 and the signing of an online gaming partnership with jackpotjoy.com, the UK's biggest online bingo operator, as a part of its effort to up ancillary revenue through its website.

Nov 22, 2006

SkyEurope Airlines

SkyEurope Airlines is nearing a decision to open a base in Vienna, which is just 60 km. from its Bratislava hub. It currently serves Innsbruck and Salzburg in Austria. A source close to the project said that the carrier plans to base up to three 737s at VIE and launch services to both Western and Eastern Europe. SkyEurope also plans to operate a twice-daily VIE-INN service, which will be the first domestic LCC route in Austria. Nov 21, 2006

Vueling Airlines

Vueling Airlines expects to lose [euro]7.1 million ($9.1 million) this year but to post profits of [euro]24.2 million in 2007 and [euro]36.2 million in 2008, according to a regulatory filing and IPO prospectus cited by press reports. Nov 20, 2006

Z

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Nov 13, 2006
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Date:Nov 27, 2006
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