Tag Archives: A340300

Iberia starts nonstop Madrid-Accra flights

Iberia (Madrid) tomorrow (July 18) will launch twice-weekly Madrid-Accra service.

Iberia:

Air Namibia to lease two Airbus A330-200s

Air Namibia(Windhoek) has announced the lease of two new Airbus A330-200 aircraft. The A330-200s will enter the fleet in October 2013, replacing the Airbus A340-300 currently in use.

The two Airbus A330-200 will be used on the flagship route between Windhoek and Frankfurt, as well as on future long haul destinations. The aircraft will be configured to Air Namibia passenger specifications and requirements, with 30 business class and 214 economy class seats, giving a total of 244 seats.

Air Namibia:

SAS is coming to San Francisco

Scandinavian Airlines-SAS (Stockholm) is coming to San Francisco. The airline will launch nonstop Copenhagen-San Francisco service on April 8, 2013. The new route will be operated six days a week. The SFO route will feed Star Alliance partner United Airlines which has a hub there.

The carrier is also launching an evening departure from Copenhagen to Newark (three days a week) starting on April 1, 2013.

SAS:

Aerolineas Argentinas departs from Auckland for the final time

Aerolineas Argentinas (Buenos Aires) as planned, dropped the Auckland, New Zealand stop and started flying the Buenos Aires-Sydney route as a nonstop route via Antarctica three days a week on July 1.

Copyright Photo: Colin Hunter. Airbus A340-313X LV-CSE (msn 126) climbs away from AKL bound for Sydney and the last time at Auckland during daylight. LV-CSE returned later in the day after dark for its final flight via Auckland to Buenos Aires.

Aerolineas Argentinas:

LAN acquires TAM, becomes the LATAM Airlines Group

LAN Airlines S.A. (Santiago) (which has been renamed LATAM Airlines Group S.A.) and TAM S.A. (Sao Paulo) on June 22 completed their exchange offer. The acquisition has created the LATAM Airlines Group S.A. LATAM Airlines Group S.A. will offer passengers more flights to more destinations than any other affiliated group of airlines in South America, initially reaching about 150 destinations in 22 countries and transporting cargo to 169 destinations in 27 countries.

As previously announced, the transaction was carried out through an exchange offer in which TAM’s shareholders could elect to exchange their TAM shares for LAN shares at a ratio of 0.9 LAN shares for each TAM share. The offered LAN shares will be delivered in the form of BDRs (Brazilian Depositary Receipts) in Brazil and ADRs (American Depositary Receipts) in the United States. The exchange offer, which was materialized with the auction on June 22, 2012, was subject to the condition that more than 2/3 of the TAM shares that participate in the offer agree with the deregistration of TAM as a public company in Brazil. This delisting condition was satisfied when 99.9% of the participant shares agreed with TAM’s deregistration. The tendered shares together with the TAM shares committed by the TAM Controlling Shareholders represented 95.9% of the total outstanding shares of TAM.

According to this report by Reuters, LATAM Airlines will decide within the next six months which airline alliance it will stay with. Currently LAN is a member of the OneWorld alliance, while TAM belongs to Star Alliance.

Read the full report: CLICK HERE

Top Copyright Photo: Alvaro Romero.

LAN Airlines:

TAM Linhas Aereas:

Bottom Copyright Photo: Marcelo F. De Biasi.

Air Mauritius’ stock slumps after reporting a $37 million fiscal year loss

Air Mauritius (Port Louis, Mauritius) reported a $37 million loss for its fiscal year ending on March 31. The flag carrier had previously announced a plan to return to return to profitability.

Read the full report from Bloomberg.