Tag Archives: Christian Volpati

Aer Arann’s examinership is extended by the court

Aer Arann’s (Dublin) examinership (bankruptcy protection) has been extended by the High Court in Ireland pending the finalization of a prospective takeover and investment deal.

Click on the photo for additional details.

Copyright Photo: Christian Volpati.

Air France is facing a 24-hour strike on October 12

Air France (Paris) is facing a 24-hour strike on October 12. Unions at the company are planning to join a national strike in protest of President Nicolas Sarkozy’s plans to raise the minimum retirement age.

Read the full report from Reuters:

CLICK HERE

Copyright Photo: Christian Volpati. Airbus A380-861 F-HPJC (msn 043) prepares to depart from Paris (CDG).

SAS Group to downsize its share in Estonian Air

SAS Group (Stockholm) has reached an agreement with the Estonian Government that will result in SAS divesting its 49% stake in Estonian Air (Tallinn). The Estonian Government will provide approximately MSEK 200 in a new rights issue and SAS will convert approximately MSEK 20 in loans into equity. After the rights issue the Estonian State will hold 90% and SAS 10% of Estonian Air. SAS will remain lender of approximately MSEK 70 in loans with a maturity in 2014.

Estonian Air has an option to buy SAS remaining stake and SAS has the option to sell its stake at Fair Market Value after 4 years. The transaction is conditional upon parliamentary approval in Estonia. The transaction is neutral to profit and liquidity of the SAS Group.

SAS will continue its commercial cooperation with Estonian Air.

Copyright Photo: Christian Volpati. Estonian Air’s smart-looking Boeing 737-5L9 ES-ABI (msn 29234) taxies across the ramp at Paris (CDG).

Blue Line is declared insolvent, to be shut down on October 6

Blue Line (Paris-CDG) has been declared insolvent (bankrupt) and will operate only until October 6 when it will be shut down.

Please click for the full story (in French):

CLICK HERE

Copyright Photo: Christian Volpati. McDonnell Douglas DC-9-83 F-GMLU (msn 49398) in the black fuselage scheme of the former FIFA World Cup Tour livery.

Air Zimbabwe considers a partnership with Zambezi Airlines

Air Zimbabwe (Harare) is considering a new code-sharing partnership partnership with Zambezi Airlines (Lusaka).

Read the full report from The Standard:

CLICK HERE

Copyright Photo: Christian Volpati. Zambezi’s Boeing 737-5Y0 9J-ZJB (msn 26100) visits Johannesburg.

Afriqiyah Airways crash was not caused by a technical problem

Afriqiyah Airways’ (Tripoli) May 12 crash was not caused by a technical problem according to the preliminary report.

Read the full report from the BBC:

CLICK HERE

Copyright Photo: Christian Volpati. Airbus A330-202 5A-ONG (msn 1024) is pictured at Paris (CDG) before the tragic accident.

Singapore Airlines 4Q net profit surges to $197 million

Singapore Airlines (Singapore) reported its fiscal fourth-quarter net profit surged to $197 million (US) in the three months ending on March 31.

However the flag carrier is still cautious about a full traffic recovery as the situation remains unstable.

Copyright Photo: Christian Volpati. Airbus A380-841 9V-SKF (msn 012) taxies at Paris (CDG).