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Air France/KLM \ European airlines \ Frost & Sullivan \ Lida Mantzavinou \ Lufthansa \ Restructuring Programs \ Struggling \ Turkish Airlines
European Airlines Struggling with Restructuring Programs
Frost & Sullivan’s Lida Mantzavinou comments on Lufthansa grounded by trade union strike Lufthansa’s union strike is impacting 98 per cent of the carrier’s flights, with cancellations hitting both short- and long-haul destinations. The half-day strike in March, had affected 40 per cent of the carrier’s flights with cancellations of 700 flights. The union’s reaction […]
Aer Lingus \ airline \ ETS \ Frost & Sullivan \ growth \ Lufthansa \ Ms Mantzavinou \ Ryanair
Lida Mantzavinou comments on Q3 2012 Ryanair results
Ryanair’s Q3 2012 financial results show that the low cost carrier will exceed its latest profit expectations for the year. Frost & Sullivan estimates that the airline, compared to last year, is set to report a 5% increase in profit after tax in its full year results in March 2013. “The current air transport environment […]
aircraft \ Ameco Beijing \ Austrian Airlines \ Burkard Wigger \ Jaan Albrecht \ Lufthansa \ Michael Delion
Michael Delion appointed as new Head of Austrian Technical Services
Michael Delion (57) is to take over as Head of Austrian Airlines Technical Services as of 1st February 2013. The qualified aircraft mechanic and graduate engineer from the aviation and aerospace technology sector follows Burkard Wigger, who will be leaving the company at the end of January, as announced previously. Michael Delion first started his […]
Air France \ Air France-KLM \ Amadeus IT \ HSBC \ Lufthansa \ shares \ Société Générale
Air France-KLM struggles to protect its stake in Amadeus
Air France-KLM has entered into a hedging transaction with Société Générale to protect the value of 12,000,000 ordinary shares it holds in Amadeus IT Holding S.A., representing about a third of its stake. This transaction will allow the Group to protect the value of these shares, while continuing to benefit from the potential upside of […]
A320 \ Airbus \ aircraft \ John Leahy \ Lufthansa \ Lufthansa Group \ PW110G turbofan engines
Lufthansa purchases 30 A320neo Family aircraft
Lufthansa has placed a firm order for 30 Airbus A320neo Family aircraft. This contract follows the selection by the Lufthansa Supervisory Board of the A320neo Family in March this year. The order comprises 25 A320neo and five A321neo aircraft. These will be powered by new-generation Pratt & Whitney PW1100G turbofan engines. With this latest order […]