Lufthansa load factor down

Lufthansa fell short of the record levels in the same month in the previous year. During the month, 4.6 million (- 2.1%) passengers flew with Lufthansa. Only part (+0.6 %) of the marginal increase (+1.6 per cent) in capacity was sold in the market, so that the passenger load factor fell by 0.8 percentage points to 74.7 per cent. In the Americas, reduced capacity led to improved utilisation despite a decline(- 2.5 %) in passenger numbers. In Asia/Pacific, the occupancy rate was down on the year-earlier level to 81 per cent (- 2.2 pp), the passenger count was down by Read more

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More than 100 Boeing Business Jets sold since product launch

Boeing Business Jets today has sold a program total of 102 BBJs so far, surpassing its goal to reach 100 orders before the end of the year. Since the launch of the BBJ Program in 1996, 69 customers have ordered 89 BBJs and 13 BBJ 2s. Private individuals comprise 40 percent of the BBJ customer base. About 36 percent are government heads of state, 14 percent are corporate operators and the remaining 10 percent are charter operators.

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Aer Lingus appoints corporate advisors for privatisation process

Aer Lingus, the Irish state owned airline, confirmed the appointment of Merrion Capital and Goldman Sachs as advisors to the company. The advisors will assist Aer Lingus in the privatisation process already initiated by the Government. New investment in the airline is essential to fund fleet acquisition and other development expenditure required to underpin growth in both the medium and long term. Dermot Mannion, Chief Executive, Aer Lingus said, “This appointment of our corporate advisors comes as discussions on the privatisation process are now entering a critical phase. Merrion Capital and Goldman Sachs will begin their work immediately”.

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SAS Group expects return to profitability in 2005

The SAS Group reported a net income of MSEK 529 (1994 = MSEK 133) for the third quarter and MSEK 57 (1994 = MSEK -1,094) for the nine-month period ending September 2005. The new business model in Europe and within Scandinavia, with one-way fares and simplified rules increased both the number of sold tickets and the cabin factor increased. The SAS Group is expects to gain market share. As the number of low-fare tickets increases, yield will be negatively affected in the future but this is expected to be compensated by higher volumes.

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Singapore Airlines will use "Integrated Maintenance Solution" from Boeing

Boeing and Singapore Airlines signed a maintenance agreement to reduce the airline’s operating costs. Boeing will manage the airline’s total expendable spare parts inventory as well as provide a means to monitor the health of its airplanes in flight. Singapore Airlines is the first to sign for this integrated maintenance solution, which combines Boeing’s Integrated Materials Management (IMM) and Airplane Health Management (AHM). Through IMM, Boeing will be responsible for purchasing, inventory management and logistics for Singapore Airlines total expendable aircraft parts. Through AHM, Boeing will provide real-time airplane information to reduce schedule interruptions and increase maintenance efficiency.

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Boeing projects $770 billion market for new airplanes in Asia-Pacific.

Boeing detailed its 2005 Current Market Outlook (CMO) for the Asia-Pacific region, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. Over the forecast period, Asia-Pacific will remain the largest market outside North America for new commercial airplanes. With the continued high rate of growth for Asia-Pacific air travel and air cargo markets, Asia-Pacific’s fleet will nearly triple to about 8,600 airplanes by the end of the forecast period. Nearly 7,200 new airplanes will be needed for future growth and replacement. Single-aisle airplanes, such as the Boeing 737 will be the largest category Read more

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