Category Archives: Airberlin

TUI and Niki move one step closer to a joint venture based in Vienna

TUI Airlines (Germany) Boeing 737-86J SSWL D-ABKI (msn 37748) PMI (Ton Jochems). Image: 933944.

TUI AG‘s Supervisory Board has given the green light on November 23, 2016 for further steps with the goal to create a new European airline joint venture with Etihad Aviation Group. TUI Group’s supervisory body approved the plan to contribute its German leisure airline subsidiary TUI fly GmbH (TUIfly-TUI Airlines Germany) to a joint venture with Etihad. Etihad is in negotiations with Airberlin to acquire its touristic operations primarily in Southern Europe and North Africa, and including Airberlin’s participation in Niki, with the objective to contribute it to the joint venture.

The new airline joint venture, headquartered in Vienna, is planned to serve a broad route network with its two airlines, TUI fly and Niki, a total fleet of around 60 aircraft and a seat capacity of 15 million seats per year, operating from key departure airports in Germany, Austria and Switzerland.

TUI AG is to hold a stake of 24.8% in the joint venture, with Etihad holding 25% of the interests. The remaining 50.2% would be held by the existing private foundation Niki Privatstiftung.

The commitments made to the TUI fly employees remain in place and are currently being further negotiated and specified. This includes the commitments to the Hanover location.

The contractual negotiations between all involved stakeholders are expected to be finalized in the next few weeks. Details regarding the future joint venture will be jointly presented by Etihad and TUI after successful completion of the negotiations.

The planned joint venture is subject to approval by the relevant antitrust and aviation authorities.

In the summer of 2007, Hapag-Lloyd Express (HLX) and Hapagfly merged to form TUIfly. The airline is a wholly-owned enterprise of the TUI Group, the world’s leading tourism troup with headquarters in Hanover, Germany. TUIfly flies to the classic holiday regions all around the Mediterranean, the Canary and Cape Verde Islands, Madeira and Egypt for TUI and other tour operators. By the summer of 2014, TUIfly used 40 Boeing 737 aircraft to fly to these destinations. TUIfly headquarters are at the Hanover Airport.

Top Copyright Photo: TUI Airlines (Germany) Boeing 737-86J SSWL D-ABKI (msn 37748) PMI (Ton Jochems). Image: 933944.

TUI:

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Niki:

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Bottom Copyright Photo: Niki Luftfahrt (flyNiki.com) Airbus A320-214 OE-LEF (msn 4368) ZRH (Rolf Wallner). Image: 927323.

Niki Luftfahrt (flyNiki.com) Airbus A320-214 OE-LEF (msn 4368) ZRH (Rolf Wallner). Image: 927323.

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Airberlin operates its last Boeing 737 revenue flight with AB crews

Airberlin (airberlin.com) Boeing 737-86J WL D-ABMP (msn 37779) NUE (Gunter Mayer). Image: 935417.

Airberlin on October 28, 2016 operated its final Boeing 737 revenue flight with its in-house Airberlin crew members.

The final flight was operated with the pictured Boeing 737-86J D-ABMP (msn 37779) between Munich and Berlin (Tegel) as flight BER419E (AB6208). The two remaining Airberlin-owned Boeing 737-800s are now out service with the pictured D-ABMP in maintenance at Budapest (ferried on October 31, 2016 TXL-BUD) and the other (D-ABBK), has been parked at Berlin (Tegel) since October 21, 2016.

Now all of the remaining AB-painted Boeing 737s (five Boeing 737-700s and eight 737-800s) are operated under contract by TUIfly (Germany) with their crew members.

Airberlin expects to remove the last TUIfly-operated Boeing 737 in the near future as it moves towards an all Airbus fleet.

Copyright Photo: Airberlin (airberlin.com) Boeing 737-86J WL D-ABMP (msn 37779) NUE (Gunter Mayer). Image: 935417.

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Etihad Aviation Group and TUI AG confirm they are in discussions to create a strong European leisure airline group, focused on point-to-point flying to connect key tourist markets

Etihad and TUI are in discussions to create a new leisure airline group

On October 5, 2016 Etihad and TUI issued this joint statement:

It is proposed to contribute the touristic operations of the Airberlin Group and the German TUIfly company, including the aircraft currently operated by TUIfly for Airberlin under a wet-lease agreement (see above), into a new airline group established by TUI AG and Etihad Aviation Group.

This new airline group would serve a broad network of destinations from Germany, Austria and Switzerland. The leisure airline group will be supported by the expertise of Etihad Aviation Group, the fastest-growing aviation group in the world, and utilize TUI’s state-of-the-art distribution capacity.

TUI AG, Etihad Aviation Group and Air Berlin PLC intend to finalize an in-principle agreement in due course. Any agreement entered into will be subject to all necessary corporate and regulatory approvals. TUIfly is part of TUI Group, the world’s number one tourism business, with around 75,000 employees serving 30 million customers a year, across the globe. TUI Group has a portfolio of more than 300 hotels, 14 cruise liners, six European airlines with around 140 aircraft and a wide-reaching distribution network, covering more than 1,800 travel agencies and online portals.

Etihad Aviation Group is a fast-growing diversified aviation and travel group, with more than 26,000 employees. It comprises four business divisions – Etihad Airways, the national airline of the United Arab Emirates, Etihad Airways Engineering, the Hala Group, its destination management company, and the Airline Equity Partners.

Etihad Aviation Group holds minority stakes in Air Berlin PLC, Air Serbia, Air Seychelles, Alitalia, Etihad Regional, Jet Airways and Virgin Australia.

Airberlin is the second largest airline in Germany and carried more than 30.2 million passengers in 2015. Airberlin offers a global route network through its strategic partnership with Etihad Airways, which has a 29.21 per cent shareholding in Airberlin, and through membership of the oneworld® airline alliance.

Copyright Photo: TUI Airlines (Germany) Boeing 737-86J SSWL D-ABKI (msn 37748) PMI (Ton Jochems). Image: 933944.

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Airberlin’s 2016 salute to the 50th Anniversary of Star Trek

Airberlin's 2016 salute to the 50th Anniversary of Star Trek

Airberlin and German TV channel ,TELE 5, are ushering in the 50th anniversary celebrations of the “Star Trek” TV and movie series with a special logojet.

TELE 5 holds the exclusive free-to-air TV broadcast rights for the original Star Trek series in Germany.

Copyright Photo: Airberlin (airberlin.com) Airbus A320-214 D-ABFG (msn 4291) (Star Trek – Tele 5) PMI (Javier Rodriguez). Image: 934827.

 

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Airberlin retires its last “own” Boeing 737-700, delivers it to Ruili Airlines

Airberlin 737-700 WL D-ABLD (08)(Grd) NUE (GM)(LRW)

Airberlin (Berlin) is marching towards an all-Airbus fleet in the near future. However TUIfly is likely to operate the Boeing 737 type for Airberlin until at least 2019.

The company retired their last “own” Boeing 737-700 (D-ABLD) with the delivery to Ruili Airlines (Kunming) this month as B-6110 via Azur Aviation as N317AB.

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The last AB revenue service for D-ABLD was from Milan (Linate) to Berlin (Tegel) on August 9, 2015 as flights BER 725C / AB 8739.

Delivery to Ruili Airlines via Azur Aviation was conducted on September 22-23 (Budapest – Almaty – Tianjin – Kunming).

The remaining six 737-700s (D-AGEC, D-AHXC, D-AHXE, D-AHXF, D-AHXG and D-AHXJ are leased from and operated by TUIfly.

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Copyright Photo: Günter Mayer. Boeing 737-76J D-ABLD (msn 36117) is pictured at night on the gate at Nuremberg on March 17, 2009.

Thank you to Günter Mayer reporting from Nuremberg, Germany.

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Etihad Airways and partners raise $500 million in international markets

Etihad Airways (Abu Dhabi), its airport services business and five of its equity partners have successfully completed an innovative new platform financing transaction, raising $500 million on the international markets.

Etihad Airways logo (LRW)

According to the group, “Etihad Airways, Etihad Airport Services, Airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways have together taken a new step forward in their strategic business development through this unique fund-raising initiative.”

Airberlin logo (LRW)

The group continued:

“At a series of roadshow meetings, held in Abu Dhabi, Dubai and London, the shared vision and strategies of the airlines were laid out to financial institutions. These highlighted the growing network coordination and revenue development initiatives, coupled with joint procurement and business synergy projects, across the airlines.”

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Allocation of the funds raised will be nearly 20 percent each to Etihad Airways, Etihad Airport Services, Airberlin and Alitalia; 16 percent to Jet Airways; and the remainder to Air Serbia and Air Seychelles.

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The funds raised by the transaction will be used largely for capital expenditure and investment in fleet, as well as for refinancing, depending on each individual airline’s needs.

Alitalia (2015) logo

The transaction marks the first time that Etihad Airways and its partners have raised funds together. To date, Etihad Airways has already raised in excess of $11 billion (US) from more than 80 financial institutions, to help fund its expansion strategy.

Jet Airways (2015) logo

The funds have been raised through a special purpose vehicle, EA Partners IBV. Goldman Sachs International, ADS Securities and Anoa Capital are acting as joint lead book-running managers for the offering.

Copyright Photo: SPA/AirlinersGallery.com. Etihad Airways’ Airbus A380-861 A6-APA (msn 166) departs from London (Heathrow).

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Airberlin’s second quarter and first half loss widens

Airberlin (airberlin.com) (Berlin) has not stemmed its losses. The airline reported a second quarter net loss of €37.5 million ($41.8 million). This represents a 2Q widened net loss from €8.6 million ($9.5 million) reported in the same period a year ago.

The company’s first half net loss was also reported as €247.6 million ($276 million), widened from the €201.2 million net loss ($224.4 million) previously reported for the same period a year ago.

The airline issued this financial report:

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Revenue performance in the second quarter of 2015 was characterized by tactical capacity adjustments. At 1.07 billion euros in Q2 2015, revenue fell by 7.0 percent compared to the same period last year (Q2 2014 1.15 billion euros). Accordingly, Group revenue also declined by -2.3 percent (from 1.91 billion euros to 1.87 billion euros) in the first half of 2015. As a result of capacity consolidation, revenue decreased compared to last year, but capacity utilisation and revenue per available seat kilometre (RASK) improved.

Stefan Pichler, CEO airberlin:

“Following a good first quarter, the second quarter was a transition quarter in line with the market trend, as expected and announced. We are optimistic about the outlook for the second half of the year. I am convinced that airberlin is well positioned, thanks to the efficiency improvement measures we have introduced. The noticeable 2.1 percent load factor improvement in July to 87.3 percent shows that we’re on the right track. In the fourth quarter, we will begin the consistent transformation of our business model.”

Operating earnings (EBIT) were -15.9 million euros in Q2 2015 (Q2 2014: -6.9 million euros). This year’s shift in the Easter holidays and last year’s Lufthansa strike affected earnings performance during Q2 2015. Benefits due to the low oil prices were offset by fuel hedging and the US dollar development. Over the half-year, however, airberlin improved its operating earnings (EBIT) by 7.3 percent compared to last year (HY 2014: -189.7 million euros, HY 2015: -175.8 million euros).

Net profit in the second quarter is -37.5 million euros (Q2 2014: 8.6 million euros). In the first half-year, net profit was -247.6 million euros (HY 2014: -201.2 million euros), which was primarily due to pronounced currency effects when evaluating derivates.

Positive RASK performance thanks to efficient capacity and revenue management

In a competitive market environment, Airberlin slightly increased revenue per available seat kilometer (RASK) in the second quarter, which coincided with the system-driven realignment of its revenue management. Total revenue per available seat kilometre (RASK) was 7.20 eurocts (Q2 2014: 7.16 eurocts), which represents a 0.6 percent increase. In terms of half-year results, RASK also increased by 1.2 percent, from 6.90 eurocts to 6.99 eurocts. In terms of yield performance, the average yield fell by -1.6 percent, from 120.5 euros to 118.5 euros. Compared to the same half-year period last year, the yield improved by 0.7 percent, from 119.0 euros to 119.8 euros.

In the second quarter, Airberlin offered 15.0 billion available seat kilometers (ASK), which, in accordance with its capacity planning, represents a fall of 7.1 percent (Q2 2014: 16.0 billion). Cost per ASK (CASK) rose by 1.5 percent from 7.20 eurocts to 7.31 eurocts.

Realignment of business model

During the first phase of the realignment, the management structure and management processes of the Airberlin Group were more closely aligned to operational airline processes. In addition to the short-term capacity consolidation, the airberlin group continues to focus its efforts on the redesign of its revenue management and sales.

A fundamental review of the current network operated by Airberlin is nearing completion and is aimed at significantly improving both the starting position of the operating costs per ASK (CASK) and the revenue per available seat kilometre. Optimising internal business processes and increasing focus on core business will continue during the 2nd half of 2015.

Outlook

The second half of the current financial year will aim at implementing the optimisation measures initiated during the first half year. Considerable improvements in yield, capacity utilisation and RASK are expected.

Copyright Photo: Rolf Wallner/AirlinersGallery.com. Airberlin is phasing out its Boeing 737 fleet and is going to an all-Airbus fleet. The last 737 should be retired by the end of next year unless the carrier decides to cut additional loss-making routes. Boeing 737-86J D-ABME (msn 37766) painted in the Oneworld scheme taxies at Zurich.

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