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Old February 1st, 2013, 11:03 PM   #1861
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I love liverys with red colors.
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Old February 2nd, 2013, 11:43 AM   #1862
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me too.
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Old March 6th, 2013, 11:11 AM   #1863
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One step closer to the creation of AirAsia India.

Quote:
AirAsia's India entry wins investment panel approval
Posted: 06 March 2013 1648 hr


NEW DELHI: Asia's largest low-cost carrier AirAsia won approval from India's foreign investment panel Wednesday to set up an airline in a joint venture with the giant Tata group, a government official said.

AirAsia, one of the pioneers of low-cost air travel in Asia, already connects Southeast Asia with some Indian cities such as Chennai, Bangalore, Kochi and Kolkata through its operations in Thailand and Malaysia.

The Foreign Investment Promotion Board has "approved Air Asia's proposal to enter the civil aviation sector", an Indian finance ministry official told AFP on condition of anonymity.

AirAsia group chief executive Tony Fernandes, a former record industry executive who took over insolvent AirAsia in 2001 and turned it into one of the aviation sector's biggest success stories, tweeted the news was "exciting".

"Thank you all," he said, adding: "People and companies with good intentions to create jobs and make life of the average man better will always win."

AirAsia, headquartered in Kuala Lumpur, will have a 49 percent stake while India's Tata Group will hold 30 percent. The remainder will be held by entrepreneur Arun Bhatia's Telstra Tradeplace.

The venture now has to obtain a flying licence from India's aviation regulator, among other steps, and is aiming to start operations in May-June, the Economic Times reported on Tuesday.

AirAsia's entry would mark the first by a foreign carrier in the Indian aviation sector since the government last September relaxed rules to let overseas airlines take up to 49 percent stakes in domestic carriers.

-AFP/fl
source: CNA
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Old March 8th, 2013, 08:59 AM   #1864
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Here is an article by mypaper on AirAsia India.


https://fbcdn-sphotos-f-a.akamaihd.n...36539263_n.jpg

source: mypaper
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Old March 12th, 2013, 08:00 AM   #1865
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News on AirAsia Phillipnies buying Zest Air.


https://fbcdn-sphotos-e-a.akamaihd.n...66878590_o.jpg

source: mypaper
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Old March 26th, 2013, 08:01 AM   #1866
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Here is an article regarding AirAsia India.


https://fbcdn-sphotos-c-a.akamaihd.n...38132269_n.jpg

source: MyPaper
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Old May 21st, 2013, 02:22 AM   #1867
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News from yesterday.


https://fbcdn-sphotos-b-a.akamaihd.n...26781472_n.jpg

source: The Straits Times
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Old May 21st, 2013, 05:49 AM   #1868
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I love how the article paints AirAsia's LCC strategy as something revolutionary while conveniently forgetting to add that IndiGo, India's largest airline by passengers carried, is already doing all these things.
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Old May 21st, 2013, 06:26 AM   #1869
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It is the 90 cents paper. What do you expect?
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Old May 24th, 2013, 07:23 AM   #1870
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Looks like this AirAsia A320 has a pretty cool livery...

AirAsia (Malaysia) A320-200, "Caterham F1 Team" (reg. 9M-AFY)

Source

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Old June 11th, 2013, 02:10 AM   #1871
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News from CNA regarding AirAsia.

Quote:
AirAsia X plans huge fleet expansion with US418m IPO
POSTED: 10 Jun 2013 11:49 AM
UPDATED: 10 Jun 2013 4:05 PM


Malaysian long-haul carrier AirAsia X said on Monday it plans to use funds of up to US$418 million from a public listing to more than triple its Airbus fleet and expand routes to meet demand in Asia-Pacific.

KUALA LUMPUR: Malaysian long-haul carrier AirAsia X said on Monday it plans to use funds of up to US$418 million from a public listing to more than triple its Airbus fleet and expand routes to meet demand in Asia-Pacific.

The budget carrier founded by aviation tycoon Tony Fernandes hopes to raise the proceeds in an initial public offering (IPO) ahead of its July 10 debut on the Malaysian bourse.

"The estimated amount based on the 1.45 ringgit (US$0.47) per issue share is between 1.1 billion ringgit and 1.3 billion ringgit," Nazir Razak, head of banking group CIMB which is running the IPO, told reporters after the prospectus launch.

AirAsia X had earlier cited a conservative amount saying the IPO could raise RM859 million (US$277 million) from the sale of 592.6 million new shares for between 1.15 to 1.45 ringgit each.

Analysts have said with last month's general election over, investors are looking for a wide range of stocks in Southeast Asia's third largest economy, sparking a fundraising fever in Malaysia.

AirAsia X chief executive Azran Osman Rani said the proceeds from the IPO would finance fleet and route expansion to cement its position in its core markets in Australia and Asia.

The carrier will take delivery of 23 Airbus A330-300 planes over the next four years beginning in July, while it has also placed a firm order for 10 A350-900s.

Detailing the airline's strategy, Azran said it will bolster its position in lucrative markets like Australia, China, Taiwan, Korea and Japan.

It would be followed by adding frequencies to current routes, opening new destinations including to Adelaide in Australia, Nagoya and Fukuoka in Japan and Busan in South Korea.

AirAsia X previously scrapped London flights because of the European debt crisis and focused on serving routes within Asia-Pacific, where sustained economic growth has swelled the middle class.

AirAsia X currently has 10 Airbus A330-300 planes and serves 14 routes across the region, including destinations in Australia, China, Japan and Saudi Arabia.

Azran also said with the arrival of more aircraft it would allow the airline to set up hubs in Thailand and Indonesia.

A hub in Thailand will allow AirAsia X to operate regular services from Bangkok to lucrative markets such as Australia, Japan and South Korea.

A third of the funds raised in the listing will be used to repay debt while another third is slated for capital expenditure, with the balance going to working capital and listing expenses.

Shukor Yusof, an aviation analyst with Standard & Poor's Equity Research in Singapore, has predicted the AirAsia X listing will be a success and the cash raised was "a good start to fund their fleet expansion".

The International Air Transport Association (IATA) has described Asia-Pacific as the world's fastest growing market, with passenger traffic more than doubling since 1998, despite fuel costs surging 55 percent since 2006.

Meanwhile Fernandes dismissed the threat posed by Malindo Airways, an affiliate of Indonesia's budget carrier Lion Air, citing AirAsia's position as Asia's largest budget carrier with a strong balance sheet.

"We are in a very strong position. It will be tough for new airlines or future entrants into the market," he said.

Malindo Airways, however, has already sparked a price war by offering competitive fares with free snacks and luggage allowance. It currently serves domestic routes.

Profit-making AirAsia was Asia's first low-cost carrier to complete an IPO in 2004.

- AFP/jc/de
source: CNA

Quote:
AirAsia to cut ties with Japan's ANA
POSTED: 10 Jun 2013 6:00 PM


Asia's largest budget carrier AirAsia is to pull out of its partnership with Japan's All Nippon Airways because of slumping business, a report said on Monday.

TOKYO - Asia's largest budget carrier AirAsia is to pull out of its partnership with Japan's All Nippon Airways because of slumping business, a report said on Monday.

Malaysia-based AirAsia has decided to withdraw from AirAsia Japan, a company it jointly formed with ANA to begin low-cost carrier operations out of Tokyo's Narita International Airport in August 2012, the Nikkei business daily said.

AirAsia's CEO Tony Fernandes reached a basic accord on the dissolution after discussions with senior officials of ANA Holdings, which owns ANA, the newspaper said.

Under their accord, the Japanese airline plans to buy the 49 percent stake held by its Malaysian counterpart and turn the joint venture into a 100 percent subsidiary, it said.

AirAsia aims to establish a new budget airline operator in partnership with another Japanese company, the paper said.

The airline's Japan's service is likely to continue under the Peach Aviation brand when AirAsia Japan's service finishes at the end of October, it said.

Peach Aviation is an ANA group budget carrier based at Kansai International Airport, western Japan.

An ANA spokesman said: "Nothing has been decided, but no matter what happens, we are determined to maintain the current LCC (Low-cost carrier) operations at Narita airport."

Shares in ANA rose 3.55 percent to 204 yen on the Tokyo Stock Exchange on Monday as the benchmark Nikkei index closed up 4.94 percent on the back of a weaker yen and better-than-expected US jobs data.

- AFP/de
source: CNA


https://fbcdn-sphotos-g-a.akamaihd.n...87929093_n.jpg

source: TODAY
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Old June 11th, 2013, 01:28 PM   #1872
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News from CNA.

Quote:
AirAsia considers end to tie-up with Japan's ANA
POSTED: 11 Jun 2013 2:11 PM


Malaysian budget carrier AirAsia on Tuesday said it was considering ending its near two-year tie-up with Japan's All Nippon Airways (ANA) blaming management tensions.

KUALA LUMPUR: Malaysian budget carrier AirAsia on Tuesday said it was considering ending its near two-year tie-up with Japan's All Nippon Airways (ANA) blaming management tensions.

Asia's biggest budget airline revealed that AirAsia Japan had been "facing some challenges attributed to a difference of opinion in management, most critically on the points of how to operate a low-cost business".

It also said that rising costs were hurting its business plan.

"The problem is not with the model, it's with management," AirAsia chief Tony Fernandes told The Wall Street Journal.

AirAsia Japan will do well, he told the paper. "But it's got to be run as a low-cost airline. The difficulties right now... are that we just have different styles of running it."

AirAsia Japan -- which flies out of Tokyo's Narita airport to five Japanese destinations plus Busan and Seoul in South Korea -- has been unprofitable since taking to the skies in August, while having to compete with ANA's own low-cost carrier, Peach.

"Since its launch in 2012, Japan AirAsia has failed to track its proposed business plan due to the inability to manage costs," AirAsia said in a statement.

However, it added that more people were flying with it and the "brand starts to resonate in the market".

Japan's Nikkei business daily reported on Monday that ANA plans to buy the 49 per cent stake held by its Malaysian counterpart and turn the joint venture into a 100 per cent subsidiary.

AirAsia said it was committed to the Japan market and sees the potential for a low-cost airline to thrive, adding "would not rule out any options to make this happen, including dissolution of the joint venture".

"The parties are exploring all available options and any decision will be further subject to respective corporate approvals of ANA and AirAsia," it said.

"We are looking for the best ways for the future growth of AirAsia Japan, and that includes the possible dissolution" of the venture, an ANA spokesman said, according to Dow Jones Newswires.

- AFP/jc
source: CNA
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Old July 26th, 2013, 06:38 PM   #1873
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EasyJet's outlook rosy as it exploits retrenching rivals

LONDON, July 24 (Reuters) - EasyJet's Plc's strategy of adding flights on routes where rivals have cut back paid off on Wednesday, as its forecast of earnings ahead of analyst expectations helped propel its shares to a record high.

Rival airlines have been struggling with high fuel costs and weak consumer confidence, sending some smaller carriers out of business while the likes of British Airways owner IAG and Air France-KLM have cut routes, leaving gaps that low-cost airlines have been quick to exploit.

Luton, southern England-based easyJet said it expects pretax profit of between 450 million pounds ($691.5 million) and 480 million in the year to Sept. 30, up from 317 million last year and topping an average estimate of 433 million.

EasyJet, whose planes decorated with the company's distinctive orange logo are a common sight at Luton and other British airports, said its upbeat forecast assumed a 6 percent rise in revenue per seat in the second half of the year.

Europe's second-largest low-cost carrier after Ryanair Holdings Plc also said revenue rose 10.5 percent to 1.14 billion pounds in the three months through June.

EasyJet, which increased capacity by 3.6 percent in the quarter, said it had particularly benefited from adding flights on routes to Italy and Switzerland. Earlier this month it won shareholder approval to buy 135 new Airbus planes despite opposition from its estranged founder Stelios Haji-Ioannou.

MORE FLIGHTS

"This stronger than expected performance was driven by allocating capacity to higher-returning routes, competitor retrenchment and allocated seating," said analyst Mark Irvine-Fortescue at brokerage Jefferies.

Since Carolyn McCall took over as CEO in 2010, the airline has introduced more flights between top business destinations, as well as flexible tickets allowing passengers to change their flight up to two hours before scheduled departure time, and allocated seating in an attempt to steal corporate customers.

The airline's annual dividend and profits have doubled since McCall took the helm.

"EasyJet is performing strongly, driven by a combination of management initiatives and a benign capacity environment," said McCall, adding 73 percent of seats had already been booked for the six months to October.

EasyJet, which makes its profit in a second half that includes the busy summer holidays, said revenue per seat rose 6.1 percent at constant currency rates in the quarter.

It also expects its fuel bill for the second half to be around 9 million pounds less than the same period a year ago due to hedging initiatives.

Shares in easyJet, which have risen more than 75 percent this year, hit an all-time high of 1,449 pence in early trade and were 6.4 percent up at 1,422 pence by 0750 GMT, valuing the company at around 5.6 billion pounds.

EasyJet's founder, usually known as Stelios, set up the airline in 1995 but quit the board in 2010 after a row over strategy and remains at odds with its management. He had argued that the money it plans to spend on new planes would have been better lavishing on improved dividends or share buybacks.

($1 = 0.6508 British pounds)
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Old August 13th, 2013, 12:46 PM   #1874
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Ryanair pilots group wants safety inquiry

DUBLIN, Aug 12 (Reuters) - Pilots at Europe's biggest low-cost airline Ryanair feel inhibited from reporting safety concerns and want regulators to establish the impact on safety of its employment practices, a group of pilots seeking union representation said.

The Irish carrier, which helped pioneer a low-fare no-frills service with additional charges for everything from checking in at the airport to carrying hold bags, dismissed the survey on Monday as "fabricated" by trade union officials.

The Ryanair Pilot Group (RPG), which the company does not recognise, said it had polled more than 1,000 pilots and first officers, over a third of the airline's total, and found 94 percent wanted regulators to conduct an inquiry.

It also said 89 percent did not consider that the airline had an open and transparent safety culture and two thirds were not comfortable raising issues through an internal reporting system.

Ryanair said the group "lacks any independence, objectivity or reliability" and the survey was part of a 25-year failed campaign to win union recognition at Ryanair.

The airline says it has not had a single passenger or flight crew fatality in its 29 years of operation and that it encourages flight crews to report any safety concerns through an online confidential system.

RPG's chairman, Evert van Zwol, who is not a Ryanair pilot but until recently was president of the Dutch Airline Pilots Association (VNV), said three quarters of Ryanair pilots are employed through agencies and nearly all of these are on so-called zero-hour contracts, which offer no guaranteed work.

The Irish Airline Pilots' Association trade union said these contracts had some of the worst conditions in the industry.

That could mean pilots may shy away from speaking up, for example on whether their plane was carrying enough fuel, or choose to fly when sick, Van Zwol said.

While there was no proof that this was the case, the concerns warranted a full independent inquiry to establish if there were any grounds for safety concerns, he said.

The RPG said it gave the survey results to Ryanair and the Irish Aviation Authority (IAA).

FULLY COMPLIES

Asked about the survey, the IAA said Ryanair fully complied with all European and international regulations and that any employee could make a confidential report on any safety concern via its public website.

Last year the IAA launched an investigation following emergency landings by three Ryanair planes in Spain after they approached their minimum required fuel.

The report found the planes were carrying more than the minimum, but recommended the company review its fuel policies for planes flying into some busy airports during poor weather conditions.
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Old August 15th, 2013, 02:06 PM   #1875
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Ryanair sacks pilot for questioning safety on TV

DUBLIN, Aug 15 (Reuters) - Ryanair has fired one of its senior pilots and is preparing legal action against him for questioning the airline's safety record in a television interview, the company said on Thursday.

Europe's largest budget carrier by passengers, Ryanair has in recent weeks rejected accusations from pilots that it encourages crew to carry less back-up fuel and that disciplinary threats discourage the reporting of safety concerns.

Ryanair said it had fired veteran pilot John Goss for his "defamatory contributions" in a documentary about the airline's safety culture broadcast this week on Britain's Channel 4.

In the programme, Goss said he received a critical letter for using too much fuel and said many Ryanair pilots did not have confidence in the safety reporting systems of the Irish Aviation Authority (IAA).

The IAA said all confidential reports are fully investigated and its oversight of Ryanair was comprehensive.

Ryanair says it has two confidential reporting systems in place.

"We will not allow a Ryanair employee to defame our safety on national television just three weeks after he confirmed in writing to Ryanair that he had no concerns with safety," Ryanair said.

Ryanair, which says its safety record is on a par with the safest airlines in Europe, said it had instructed its lawyers to issue legal proceedings against Goss.

Goss does not plan to make any public comment on his dismissal until he receives further legal advice, said a spokesman for the Ryanair Pilot Group, which is advising him.

Goss has been involved in legal disputes with Ryanair management in the past over issues related to union representation for pilots.
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Old August 20th, 2013, 03:42 PM   #1876
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Indonesia AirAsia at Sultan Hassanudin International Airport, Makassar (UPG)

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Old September 5th, 2013, 10:55 AM   #1877
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Ryanair warns on profit, blaming weak Europe and sterling

DUBLIN, Sept 4 (Reuters) - Europe's biggest budget airline Ryanair could miss its annual profit target for the first time in a decade, it said on Wednesday, blaming lower demand across the continent and a weaker currency in its largest market, Britain.

Shares in the Irish group, which has routinely beaten profit forecasts in recent years, dropped as much as 15 percent to a five-month low, dragging down other airline and travel stocks.

While some indicators suggest Europe's economy is starting to emerge from years in the doldrums, Ryanair said there had been a noticeable dip in bookings for the coming months. It also blamed a weaker sterling for hitting demand and lifting costs in Britain, where it makes about a quarter of revenues.

"I have no doubt that the market will be weaker than the industry is expecting over the next couple of months and we are going to respond to that by being out there first and being aggressive with pricing," Chief Executive Michael O'Leary said.

Analysts said it was too early to know whether the weakness was specific to Ryanair or a broader industry problem.

"Ryanair's rivals certainly haven't indicated they have seen this kind of weakness, though Ryanair has a history of calling things early," said Davy Stockbrokers' Stephen Furlong.

At 1542 GMT, Ryanair shares were down 11 percent at 6.028 euros, posting the biggest fall by a European blue-chip stock and dragging the European transport and leisure index down 1.6 percent. Rival easyJet fell 5.1 percent while tour operator TUI Travel was off 3.2 percent.

But Barry Norris, chief investment officer at Argonaut, one of the airline's top 20 institutional investors, dismissed talk of a serious downturn in previously robust industry trends and said the announcement appeared to be aimed at starting a price war to discourage weaker competitors from running more flights.

"Ryanair management clearly believe that short-term shareholder pain will result in longer-term gain. As such we have been buying shares today, believing that the ... fall in the shares is an overreaction," Norris told Reuters.

PRESSURES

Airlines across Europe have been struggling with weak economies, high fuel prices and costly fleet upgrades. Ryanair has fared better than most thanks to its low cost base, but said price competition had increased in recent weeks as airlines faced weak demand in the coming months.

Ryanair, which last month became embroiled in a row about potential safety issues, said net profit for the year to March 2014 was likely to be at the bottom end of its previous forecast range of 570-600 million euros ($750-789 million). O'Leary said if pricing remained weak through to March next year profit "might slip slightly below" that range.

Ryanair said it would respond to weak bookings by grounding 70-80 aircraft in the winter, up from an earlier plan to ground 50, and with "aggressive seat sales" particularly in Britain, Scandinavia, Spain and Ireland.

Analysts had become too optimistic after Ryanair had repeatedly beaten forecasts in recent years, O'Leary said. A Reuters poll before the statement forecast a full-year net profit of 645 million euros compared with 570 million last year.

The last time Ryanair warned profit would be at the bottom of a previously guided range was 2009, which was also the last year in which the company reported a fall in profit. The last time Ryanair missed its profit forecast was in 2004.

There was evidence Norwegian Air, Aer Lingus and easyJet had all moved to cut prices, leading to a "perceptible dip" in yields - average revenue per mile per passenger - for September, October and November, O'Leary said.

O'Leary said the main reason for the profit warning was weakness in sterling compared with last year - which finance chief Howard Millar said could wipe up to 50 million euros off the company's profit.

Although sterling has strengthened to around 85 pence per euro in recent days, it is still trading well below the levels of around 79 pence this time last year.

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Old September 17th, 2013, 06:53 PM   #1878
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Europe's airlines must focus on low-cost battle-IAG CEO

LONDON, Sept 17 (Reuters) - European airlines will have to cut costs at existing short-haul businesses to compete with budget airlines or struggle to stay aloft, IAG boss Willie Walsh said.

So-called legacy carriers such as IAG, Lufthansa and Air France-KLM are cutting jobs, renegotiating staff contracts and dropping uncompetitive routes to get costs on a par with budget carriers, such as market leaders Ryanair and easyJet.

They are also replacing older, fuel-thirsty planes and streamlining back-office operations.

"We're focused on reducing out cost base and making our short-haul business more efficient ... those that don't will struggle to survive," Walsh said on the sidelines of the World Low Cost Airlines Congress in London on Tuesday.

"We have Vueling and I think every airline should aim to have an independent low cost arm."

In current cut-throat market conditions, even some of the budget airlines are finding it tough. Ryanair earlier this month warned it could its miss annual profit target due to lower demand across Europe. Fast-growing budget carrier Norwegian Air also said revenue per passenger fell in August, partly due to competition.

British Airways and Iberia parent IAG bought Spanish discount carrier Vueling for $180 million in April to help stem losses in Spain, where Iberia's short-haul business has been hit by competition from low-cost airlines and high-speed trains.

British Airways previously tried to run a low-cost airline, Go, alongside its mainline carrier but sold it to private equity group 3i in 2001 after it under-performed.

"There was a lot of management interference in Go and it started cannibalising BA to some extent so we have left Vueling as a separate, independent airline," said Walsh.

"Alex Cruz (Vueling CEO) is running Vueling the way he always has and we're not changing his business model."

IAG, Europe's third-biggest airline by market value, has spent almost $1 billion to lower the cost base at Iberia and also set up Iberia Express last year to operate short-haul routes from Madrid to feed into Iberia's long-haul network.

"Costs at Iberia Express, excluding fuel, are 40 percent lower than they were at Iberia's short-haul business," said Walsh. "To compete you need a lower cost base, it's simple."

In August, IAG said Iberia, Europe's biggest carrier to Latin America, had started to turn the corner, despite reporting a loss of 35 million euros in the three months to June 30.

Earlier this year, Air France-KLM formed a new French regional airline unit called Hop! to respond to competition from low-cost rivals, while Lufthansa is transferring its domestic and European non-hub flights to its low-cost arm Germanwings.

Recent research from KPMG shows it costs a low-cost carrier $12,000 less to operate a return service between London and Rome than it does for the average legacy airline.

"The concept of customer loyalty to a brand is becoming obsolete as the service now being offered by low cost and legacy carriers is more or less the same," said James Stamp, a partner at KPMG's Global Aviation Team. "Price has become the key factor for customers when it comes to choosing a short haul flight."

IAG's Walsh also said he would not shirk from taking on unions opposed to reforms at Iberia but that there was no agreement yet with Spanish pilots' union Sepla. He said in June that more than 3,000 job cuts were just the beginning.

Walsh said IAG was unlikely to take part in any more European airline consolidation and sees more interesting opportunities outside Europe.
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Old November 14th, 2013, 10:12 PM   #1879
Bubba HighTower
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Ryanair requested slots for some 26 flights a day from/to Amsterdam.

And is already recruiting for Amsterdam BASE!
Www.aviationjobs.me
Cabin Crew Ryanair Amsterdam Netherlands
Ryanair is looking for Amsterdam, Netherlands based Cabin Crew.

Minimum requirements:
Experienced in dealing with the public and comfortable in a selling role
Physically fit with a good attendance record in your current position
Hard working, flexible and willing to operate on a shift roster
Over 18 years of age
Between 5'2 (1.57m) and 6'2 (1.85) in height with weight in proportion
Of normal vision (contact lenses acceptable)
Able to swim well
You must be in possession of a valid European Union passport and have the right to work in both the UK and Ireland
Fluent in English (both written and spoken)
Prepared to live within one hour's travelling time of any Ryanair base
Ready to meet the challenge of dealing with people and demanding situations
Friendly and outgoing with a lively personality
Apply online
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Old December 6th, 2013, 04:15 PM   #1880
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EasyJet boss Carolyn McCall to take home £6.4m

Easyjet chief executive Carolyn McCall has seen her pay jump 74pc to £6.4 million after the low cost airline reported another year of record profits.

Ms McCall will receive an extra £2.7m in salary, bonuses and benefits for 2013 compared to 2012, after her total remuneration package was bolstered by awards made under a long-term incentive scheme.

EasyJet, which released its annual report for the second year in a row on the day of the Autumn Statement, last month reported a 51pc jump in pre-tax profits to £478m for the 12 months to September 30. The record result triggered a bumper £308m payout to investors, including a £175m special dividend.

Despite the £308m windfall, easyJet’s founder and largest shareholder, Sir Stelios Haji-Ioannou, hinted at another bust-up over executive pay at the airline’s annual meeting next year.

He claimed the pay rise was “yet another case of City insiders enriching themselves without taking any risk”, adding: “We shall see what other shareholders have to say at the AGM [annual general meeting]”

Out of Ms McCall’s total £6.4m pay packet, £4.6m is due to awards made under a long-term incentive plan dating back to 2011. The former media executive, who joined easyJet in July 2010, also received £665,000 in basic salary and a bonus of £1.2m.

Ms McCall and easyJet’s finance director, Chris Kennedy, will both receive a 2.5pc increase in their basic salary for 2014. Mr Kennedy earned £3.7m for 2013, up from £1.8m in 2012.

EasyJet said in a statement: “EasyJet’s s remuneration strategy is to pay a basic salary with other compensation weighted towards variable pay dependent on performance. This ensures there is a clear link between the value created for shareholders and the amount paid to easyJet’s directors.

“EasyJet’s financial performance in 2013 set new records for revenue, profit and returns. The airline delivered significant improvements in revenue, margins and a 50.9pc increase in profits before tax from £317m to £478m.

This represents a more than tripling of the £154m reported in full year 2010.”
Last week Ms McCall offered women advice on how to ask for a pay rise, suggesting they should not talk to other people in the same company.

“I would benchmark outside at similar jobs,” she told Management Today’s Inspiring Women Conference. “And then I would do it in an extremely positive way.”


http://www.telegraph.co.uk/finance/n...home-6.4m.html
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