AIRLINE NEWS
Sunday, September 28, 2008
US bans all Croatian airlines
The US aviation authority has put Croatia on a black list of countries whose airlines do not meet its safety standards.
The decision was made by the US Department of Transportation's Federal Aviation Administration (FAA) following its first assessment of Croatia.
The country was given a Category 2 rating - meaning a Croatian airline would not be permitted to operate to the US.
timesonline.co.uk
The decision was made by the US Department of Transportation's Federal Aviation Administration (FAA) following its first assessment of Croatia.
The country was given a Category 2 rating - meaning a Croatian airline would not be permitted to operate to the US.
timesonline.co.uk
Friday, September 19, 2008
Virgin Atlantic says would bid for London's Gatwick
Virgin Atlantic said on Wednesday it would bid for Gatwick Airport as part of a consortium.
"Virgin Atlantic would relish the opportunity to bid for Gatwick as part of a consortium and inject our customer service expertise into any future running of the airport," Chief Executive Steve Ridgway said in a statement.
BAA, owned by Spain's Ferrovial, said earlier on Wednesday it would put London's Gatwick up for sale, with the process beginning immediately.
Source: reuters.com
"Virgin Atlantic would relish the opportunity to bid for Gatwick as part of a consortium and inject our customer service expertise into any future running of the airport," Chief Executive Steve Ridgway said in a statement.
BAA, owned by Spain's Ferrovial, said earlier on Wednesday it would put London's Gatwick up for sale, with the process beginning immediately.
Source: reuters.com
Labels: BAA, Gatwick, Virgin Atlantic
Wednesday, September 17, 2008
Lufthansa buys stake in Brussels Airlines holding
BRUSSELS, Belgium (AP) - Germany's Lufthansa AG has moved to take over Brussels Airlines, purchasing a 45 percent stake in the holding company that owns the Belgian carrier for 65 million euros ($91.4 million), the companies said Monday.
The deal gives Lufthansa the option to take over all of Brussels Airlines in 2011 for a price not exceeding 250 million euros ($351.6 million).
In the first phase, Lufthansa will take a 45 percent stake in SN Airholding though a capital increase. The price for taking the remaining 55 percent in 2011 will depend on Brussels Airlines' performance within the ceiling set by Monday's deal.
The deal is dependent on regulator approval and support from Lufthansa's supervisory board and the shareholders and board of Brussels Airlines.
The German carrier, which also owns Swiss International Airlines, said it envisions Brussels Airlines continuing to operate largely independently after the deal.
Brussels Airlines started operating last year. It combined the budget Virgin Express airline with SN Brussels Airlines - the successor to former Belgian flag-carrier Sabena, which went bankrupt in 2001.
The news comes at a time when many airlines are having trouble - notably Italy's Alitalia, which was declared bankrupt Aug. 29 - and the industry is consolidating at a time of high fuel prices and global economic problems.
Last year Lufthansa carried 63 million passengers in it fleet of 513 aircraft. Brussels Airlines carried 5.8 million in its 49 planes.
Lufthansa employs 105,000 people, and Brussels Airlines employs 3,000.
Source: news.google.com
The deal gives Lufthansa the option to take over all of Brussels Airlines in 2011 for a price not exceeding 250 million euros ($351.6 million).
In the first phase, Lufthansa will take a 45 percent stake in SN Airholding though a capital increase. The price for taking the remaining 55 percent in 2011 will depend on Brussels Airlines' performance within the ceiling set by Monday's deal.
The deal is dependent on regulator approval and support from Lufthansa's supervisory board and the shareholders and board of Brussels Airlines.
The German carrier, which also owns Swiss International Airlines, said it envisions Brussels Airlines continuing to operate largely independently after the deal.
Brussels Airlines started operating last year. It combined the budget Virgin Express airline with SN Brussels Airlines - the successor to former Belgian flag-carrier Sabena, which went bankrupt in 2001.
The news comes at a time when many airlines are having trouble - notably Italy's Alitalia, which was declared bankrupt Aug. 29 - and the industry is consolidating at a time of high fuel prices and global economic problems.
Last year Lufthansa carried 63 million passengers in it fleet of 513 aircraft. Brussels Airlines carried 5.8 million in its 49 planes.
Lufthansa employs 105,000 people, and Brussels Airlines employs 3,000.
Source: news.google.com
Labels: Brussels Airlines, lufthansa, takeover
Saturday, September 13, 2008
Futura seeks administration, suspends flights
Spanish charter airline Futura International Airways suspended flights for a day on Monday as it filed for administration, Spain's transport and infrastructure ministry said.
reuters.com
reuters.com
Monday, September 01, 2008
'Engine vibration' grounds Qantas flight
A Qantas flight has landed without incident in the German city of Frankfurt after its crew shut down an engine because of a vibration.
Qantas Flight 31 from Singapore to London diverted to Frankfurt Airport for repairs to the engine, landing about 3.15pm yesterday, a Qantas spokeswoman confirmed.
theage.com.au
Qantas Flight 31 from Singapore to London diverted to Frankfurt Airport for repairs to the engine, landing about 3.15pm yesterday, a Qantas spokeswoman confirmed.
theage.com.au
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