AdvocAte. the global. A Conversation With... Giovanni Bisignani director general and CEO International Air Transport Association.

Size: px
Start display at page:

Download "AdvocAte. the global. A Conversation With... Giovanni Bisignani director general and CEO International Air Transport Association."

Transcription

1 A MAGAZINE FOR AIRLINE EXECUTIVES 2006 Issue No. 2 t a k i n g y o u r a i r l i n e t o n e w h e i g h t s the global AdvocAte A Conversation With... Giovanni Bisignani director general and CEO International Air Transport Association page 38 I N S I D E 6 g overnment regulations affect globalization 42 l atin American carriers grow regionally 50 AirAsia overcomes challenges to its t hai-based subsidiary 2009 Sabre Inc. All rights reserved. wearelistening@sabre.com

2 PUSHING THE BOUNDARIES Photo by Philippe Noret/AirTeamImages.com 18 ascend

3 When the European skies were deregulated beginning 19 years ago, some experts predicted the move would open a world of possibilities for airlines and travelers. Has the reality met the expectations? By Richard Castle Ascend Contributor,N ow boarding, British Airways flight 999 to Marseille, comes the announcement at Charles de Gaulle Airport near Paris, France. All passengers please proceed to gate 10. Fifteen years ago, in a March 1992 article titled EC Plan to Loosen Air Travel Gains Speed: the Sky is Falling in Europe, the International Herald Tribune predicted such announcements a foreign flag carrier flying domestic routes in another country would soon be common. The liberalization of air traffic in the European Union had begun in By 1992, there was considerable interest in the third package of the program, namely cabotage, or the eighth freedom of the air, that would allow airlines of one country to fly domestically within another country. Cabotage put in a nutshell the broader changes taking place in the European single market companies that had for many years plied their trade within and from their home market could compete openly in a completely different country. The belief then was that this package would quickly increase competition among airlines, thereby delivering a wider choice of carriers, lower prices and better service on domestic routes. Those who looked forward to soon enjoying, for example, Lufthansa s service on a flight between Rome and Milan, Italy, would be disappointed. Nothing much changed through the mid 90s. The International Herald Tribune continued to bang the drum in an article in March 1997 to coincide with the completion of the deregulation in Europe. It lamented that many airlines still are not fully taking advantage of the freedoms they acquired in 1992, such as cabotage rights in foreign countries. How has the air travel market in Europe changed since 1997? It s clear that the changes have been gradual, with false starts, U-turns and experimentation over the years. Only now, nearly 20 years after the process started, is it becoming clear how the market is developing, and in such a way that, at the beginning, was not anticipated at all. Early Moves by European Flag Carriers First attempts to take advantage in a deregulated environment happened early, and they were very much in line with the original thinking. British Airways was a prime mover in this respect. In 1992, it In 1992, British Airways acquired a 49 percent stake in a local German carrier called Delta Air and renamed it Deutsch BA, one of the first moves by a European flag carrier to take advantage of the newly deregulated airline industry in Europe. Five years later, BA took a majority stake in Deutsch BA. However, after years of losses, BA sold the airline, which is now known as dba. identified Delta Air, a regional airline based at Friedrichshafen, Germany, as a vehicle for its plans, acquired a 49 percent stake, and renamed it Deutsche BA. In 1997, it bought the remaining shares when the final package of European deregulation permitted British Airways to take a majority stake. In parallel with its efforts in Germany, British Airways made similar moves in another major European market France. In 1992, it bought 49.9 percent of French carrier TAT, completing the purchase in At the same time, the carrier invested 630 million (US$122 million) in another French carrier, Air Liberte. Nearly 10 years after the deregulation process had started, British Airways had delivered on the early promise of European liberalization it was flying domestically within Germany and France and competing head to head with Lufthansa and Air France on routes such as Frankfurt-Berlin, Germany, which until then had been the preserve of the German national carrier. Would this be the opportunity for British Airways to successfully plunder the most lucrative domestic city pairs of its main competitors? If British Airways considered it important to push the boundaries of European deregulation, there was little appetite to do so from other major European carriers. Lufthansa started to sell aggressively priced tickets between Marseille and Bordeaux, France, as part of an operation originating in Munich, Germany, but this was about the extent of it. Perhaps the reluctance of the continental European flag carriers to follow in the footsteps of British Airways was well founded. Indeed it proved to be so. The arrival of Rod Eddington as British Airways chief executive officer heralded a major review of the airline s strategy in Europe. Photo by Derek Pedley/AirTeamImages.com ascend 19

4 Although British Airways subsidiaries were competing strongly against Lufthansa and Air France and had a share of close to 40 percent in the German domestic market, they were generating substantial losses. British Airways was persuaded that its cabotage experiment had failed. In 2000, Air Liberte and TAT were sold to the Swissair Group, and after an unsuccessful attempt to sell Deutsche BA to easyjet, British Airways finally closed the door on its unhappy experiment to fly domestically in Germany in mid 2003 with the sale of its German subsidiary to the Intro Group. VLM: a Notable Success British Airways acquisitions in Germany and France represent the only attempt by a major European flag carrier to challenge another in its home market. And it failed. But, in this decade, there is one notable successful airline in the traditional/hybrid space and its efforts have been remarkable. That airline is VLM, a Belgian airline based in Antwerp. Since its creation in 1992, VLM spent the 90s predominantly building services from a variety of airports in Benelux into London City Airport. By mid 2002, it had a sizeable presence at London s niche airport. This gave it the sound base to take advantage of the liberalized air market. In September 2002, it started flying several times a day between London City and Manchester, England. For a small Belgian airline, this was a brave and momentous step. Here, finally, was a foreign-registered airline competing head to head against British Airways and bmi on the London to Manchester route, giving customers significantly more options than they had for many years. And since then, VLM has expanded its U.K. domestic flying to include Liverpool, England; Jersey and the Isle of Man from London City. LCCs Embrace Cabotage As VLM built a steady bridgehead at London City during the early years of the 21st century, domestic flying in other areas was moving ahead quickly. In 2001, low-cost carrier Ryanair created its first hub in continental Europe in Charleroi, just south of Brussels, Belgium, and easyjet was quick to follow. As of the middle of the year, both Ryanair and easyjet had 16 bases around Europe. Neither show any signs that they will slow down this expansion. From the start, both low-fare airlines have used these bases to fly domestically as well as abroad Milan to Naples, Italy, Paris to Toulouse, France. Neither airline would refer to this flying as cabotage such an oldfashioned term would not fit their style but that is what it is. Liverpool Southampton Jersey Manchester London City Hamburg Amsterdam Rotterdam Antwerp Brussels Luxembourg Photo by Danny Hill/WorldAirlineImages/Airliners.net Photo by Martin Krupka/Airliners.net VLM Airlines, based in Brussels, Belgium, capitalized on the deregulated European market to build a hub at the London City Airport, from which it flies to 11 destinations in Benelux, the United Kingdom, Germany and France as well as the crown dependencies of Jersey and the Isle of Man. U.K.-based flybe has discussed setting up additional bases of operation in other E.U. countries such as Spain and France from which it would fly mainly domestic routes. More recently, Air Berlin has followed, building bases outside Germany, from which it does some significant domestic flying. From London Stansted Airport, it flies to Manchester, England, and Glasgow, Scotland not only competing with British Airways and bmi but also easyjet and Ryanair. And this pattern looks as though it will continue: recently, United Kingdom-registered flybe has talked about establishing up to five bases in either Spain or France, where it might station up to 20 aircraft to fly on mainly domestic routes. Lessons Learned What can be deduced from the various attempts at cabotage during the past 15 years? From the outset, many said that shortage of slots at major congested airports in Europe would prevent new entrants from entering. But there is no evidence to suggest that this was in any way a contributor to British Airways problems in Germany and France. It had the necessary slots at major German and French airports via its subsidiaries. Operating domestically, neither Deutsche BA, TAT nor Air Liberte could integrate into British Airways major Heathrow hub. As the economics of network carriers are to a large extent based on generating transfer traffic, this was always going to be a problem. Although British Airways couldn t make it work in France or Germany, in a ground-breaking move, Air Berlin is building a transfer hub at Stansted to create feed from its Manchester and Glasgow services, thereby improving the chances for profitability. This is important because it represents a morphing of the traditional low-cost model, which says that airlines should steer clear of transfer traffic because of the complexity and cost that it adds to their operation, into a more hybrid space. Critical mass in another s market can be enough to give an airline a chance of succeeding. VLM may not expect feed onto its U.K. domestic routes from the rest of its network, but as the largest airline operating at London City Airport, it has gradually built a strong level of awareness that itself adds further momentum. The same applies to easyjet and Ryanair it does not take long for the local 20 ascend

5 Highlight brand recognition is enormously important, and there is clearly a big risk in exporting a brand overseas. market to become aware of their wide range of destinations when they open a new base. Mike Rutter, chief commercial officer at flybe, understands this, too: To start with one base [in Spain or Germany] would be irrelevant. We d be picked off too easily, so we d start with at least two. Maatschappij. A past advertising campaign in the United Kingdom asked, Do you speak VLMish? a play on its Flemish links may well have worked for customers wanting to fly to Benelux but is unlikely to resonate with a Liverpool businessman needing to visit a client in London s Docklands. Brand awareness is obviously closely linked to distribution strategy. If an airline wants to sell predominantly via the Web, then it can t rely on travel agents to get its route network across to potential customers. And element in the mix in-flight product. Serving full, hot English breakfasts would appear to be a master stroke in linking itself to the local market. In the end, an aggressively low cost base probably guarantees success more than any other element. Is dba really that much different in any of the above respects than its predecessor, Deutsche BA? Yet, in the financial year ending March 31, 2005, dba announced its first profit since creation in It appears to have a rosy future, with 40 next-generation 737s on order and 500 new jobs created, enabled by a profitable cost base. So what of the International Herald Tribune s 1992 prediction that British Airways would one day compete with Air France between Charles de Gaulle and Marseille? Perhaps it is disappointed this hasn t happened and likely never will. But it can be satisfied that it foresaw correctly that there would be competition with Air France between Paris and the south of France (easyjet to Nice), that it Photo courtesy of oneworld Photo by Tobias Rose/AirTeamImages.com Air Berlin has been building bases of operation outside its home country of Germany in an effort to improve its profitability. The airline is building a transfer hub at London s Stanstead Airport to create feed from Manchester, England, and Glasgow, Scotland. A shortage of slots at major congested European airports, such as London s Heathrow, has been identified as a possible stumbling block to further liberalization of the region s air transport industry. Creating Brand Awareness Increased awareness might be possible by adding volume in the hub, but whatever the size, brand recognition is enormously important, and there is clearly a big risk in exporting a brand overseas. Even if potential customers based in Glasgow have heard of Air Berlin, what are the chances they will consider the airline for a flight to London without the airline spending vast amounts of communication cash on getting that particular message across? Non-geographical, non-national names (easyjet or flybe for example) would be expected to fare better it s not surprising that VLM builds brand awareness in the United Kingdom based on its acronym rather than its full name Vlaamse Luchttransport if the Web is the main sales channel, to what extent can the airline rely on the online brand strength in its home market being replicated far from home? Flybe may well be able to sell 85 percent of its U.K. domestic seats via its Web site, but if it starts flying domestically in Spain, it will certainly need the help of the global distribution system to distribute its product widely enough to fill those seats. If Air Berlin struggles to generate traffic from Glasgow or Manchester to London because of the implication it flies to Germany, it demonstrates the importance of another was indeed British Airways that paved the way for this situation via its experimental acquisitions in the 90s, and that today we have a much better idea than we did then of what is the likelihood of success for those airlines that desire to challenge others in their own back yard. a Richard Castle is an account director for the Sabre Airline Solutions business with responsibility for airlines in the United Kingdom and Benelux. He can be contacted at richard.castle@sabre.com. ascend 21

The Power of Partnering

The Power of Partnering 20 07 Issue No. 2 A MAG A Z I N E F O R A I R L I N E EXECUTIVE S T a k i ng y o ur airlin e to ne w heigh ts The Power of Partnering A Conversation with Abdul Wahab Teffaha, Secretary General Arab Air

More information

OAG FACTS April Western European Domestic Air Markets

OAG FACTS April Western European Domestic Air Markets OAG FACTS April 2014 This month carriers will add 16.1 million seats to their networks compared to April 2013, an increase in seat capacity of 5%. Average aircraft size continues to grow as frequencies

More information

How can markets become more contestable?

How can markets become more contestable? How can markets become more contestable? By the end this lesson you will be able to Explain how markets can become more contestable? Differentiate the level of contestability between markets and what determines

More information

OAG FACTS January 2013

OAG FACTS January 2013 OAG FACTS January 2013 OAG s latest airline capacity data shows that total scheduled airline capacity data is expected to increase by 3% in January 2013. Carriers globally will add 8.5 million extra seats

More information

Low Fares The Engine For Passenger Growth 3 rd April 2003

Low Fares The Engine For Passenger Growth 3 rd April 2003 Low Fares The Engine For Passenger Growth 3 rd April 2003 Europe s No 1. Low Fares Airline No. 1 Established 1990 No 1 for traffic 24m passengers this year No 1 for On-Times No 1 for Lowest Fares No 1

More information

And it wasn t just for our Low Fares...

And it wasn t just for our Low Fares... AN N U A L R E P O R T & F I N A N C I A L S TAT E M E N T S 2 0 0 3 I Another year over... and my head is in such a tizzy! 15,736,936 passengers flew with us on 93 routes - with an average of 316 flights

More information

Eurailspeed Parallel Session A.1. Alessandro Guiducci Associate Partner KPMG Advisory, Roma

Eurailspeed Parallel Session A.1. Alessandro Guiducci Associate Partner KPMG Advisory, Roma Eurailspeed Parallel Session A.1 Alessandro Guiducci Associate Partner KPMG Advisory, Roma 1 Consumer & Industrial Market Influence of low cost air companies on the demand for high speed rail eurailspeed

More information

No Hard Analysis. A critique by HACAN of the recently-published

No Hard Analysis. A critique by HACAN of the recently-published No Hard Analysis A critique by HACAN of the recently-published report, Aviation Services and the City, the City of London commissioned from York Aviation consultants about the aviation needs of the City.

More information

EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2013

EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2013 24 July 2013 easyjet Interim Management Statement Page 1 of 6 EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2013 A. HIGHLIGHTS: Total revenue for the third quarter grew by 10.5% to

More information

Slots. The benefits of strategic slot management. Richard Matthews Slot strategy & scheduling manager. 8 th March 2013

Slots. The benefits of strategic slot management. Richard Matthews Slot strategy & scheduling manager. 8 th March 2013 Slots The benefits of strategic slot management Richard Matthews Slot strategy & scheduling manager 8 th March 2013 1 Strategy to drive growth and returns Leverage easyjet s cost advantage, leading market

More information

Media Release ETIHAD AIRWAYS ANNOUNCES STEP-CHANGE IN BUSINESS STRATEGY WITH THE LAUNCH OF ETIHAD REGIONAL

Media Release ETIHAD AIRWAYS ANNOUNCES STEP-CHANGE IN BUSINESS STRATEGY WITH THE LAUNCH OF ETIHAD REGIONAL ETIHAD AIRWAYS ANNOUNCES STEP-CHANGE IN BUSINESS STRATEGY WITH THE LAUNCH OF ETIHAD REGIONAL Branded operation to start following acquisition of 33.3 per cent stake in Swiss carrier Darwin Airline Etihad

More information

Western Challenges and Eastern Promises for Airports & Destinations BREXIT Risks Chinese Opportunities

Western Challenges and Eastern Promises for Airports & Destinations BREXIT Risks Chinese Opportunities ACES ATHENS 5 th Airport Chief Executives Symposium Stavros Niarchos Foundation, 24 November 2017 Western Challenges and Eastern Promises for Airports & Destinations BREXIT Risks Chinese Opportunities

More information

Traffic Results January June 2010 by Chief Executive Officer Julian Jaeger

Traffic Results January June 2010 by Chief Executive Officer Julian Jaeger January June 2010 by Chief Executive Officer Julian Jaeger 15 th July, 2010 Contents Traffic Results Forecast 2010 Concluding remarks Highlights January to June 2010 2010 2009 + / - % Change Passenger

More information

PRESS RELEASE. A look back on Fifth year of strong growth in traffic at Bordeaux

PRESS RELEASE. A look back on Fifth year of strong growth in traffic at Bordeaux 6 January 2013 PRESS RELEASE A look back on 2013 Fifth year of strong growth in traffic at Bordeaux With more than 4.6 million passengers in 2013, Bordeaux Airport has seen an increase of 200,000 new passengers

More information

An Exploration of LCC Competition in U.S. and Europe XINLONG TAN

An Exploration of LCC Competition in U.S. and Europe XINLONG TAN An Exploration of LCC Competition in U.S. and Europe CLIFFORD WINSTON JIA YAN XINLONG TAN BROOKINGS INSTITUTION WSU WSU Motivation Consolidation of airlines could lead to higher fares and service cuts.

More information

Case No IV/M DELTA AIR LINES / PAN AM. REGULATION (EEC) No 4064/89 MERGER PROCEDURE. Article 6(1)(b) NON-OPPOSITION Date:

Case No IV/M DELTA AIR LINES / PAN AM. REGULATION (EEC) No 4064/89 MERGER PROCEDURE. Article 6(1)(b) NON-OPPOSITION Date: EN Case No IV/M.130 - DELTA AIR LINES / PAN AM Only the English text is available and authentic. REGULATION (EEC) No 4064/89 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 13.09.1991 Also available

More information

Press release Merignac, 15 January

Press release Merignac, 15 January Press release Merignac, 15 January Annual traffic statistics Bordeaux Airport has seen its 6 th year of growth, with total passenger traffic reaching 4,952,000. Barely three years after celebrating 4 million

More information

Intra-European Seat Capacity. January February March April May June July August September October November December. Intra-European Sectors Flown

Intra-European Seat Capacity. January February March April May June July August September October November December. Intra-European Sectors Flown ASK's (Million) Sectors Departing Seats 80,000,000 Intra-European Seat Capacity 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 January February March April May June July

More information

Airports Commission. Discussion Paper 04: Airport Operational Models. Response from the British Air Transport Association (BATA) June 2013

Airports Commission. Discussion Paper 04: Airport Operational Models. Response from the British Air Transport Association (BATA) June 2013 Airports Commission Discussion Paper 04: Airport Operational Models Response from the British Air Transport Association (BATA) June 2013 Introduction The British Air Transport Association (BATA) welcomes

More information

Case No IV/M British Airways / TAT (II) REGULATION (EEC) No 4064/89 MERGER PROCEDURE. Article 6(1)(b) NON-OPPOSITION Date: 26/08/1996

Case No IV/M British Airways / TAT (II) REGULATION (EEC) No 4064/89 MERGER PROCEDURE. Article 6(1)(b) NON-OPPOSITION Date: 26/08/1996 EN Case No IV/M.806 - British Airways / TAT (II) Only the English text is available and authentic. REGULATION (EEC) No 4064/89 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 26/08/1996 Also available

More information

SPEECH BY WILLIE WALSH, CHIEF EXECUTIVE, INTERNATIONAL AIRLINES GROUP. Annual General Meeting, Thursday June 14, Check against delivery

SPEECH BY WILLIE WALSH, CHIEF EXECUTIVE, INTERNATIONAL AIRLINES GROUP. Annual General Meeting, Thursday June 14, Check against delivery SPEECH BY WILLIE WALSH, CHIEF EXECUTIVE, INTERNATIONAL AIRLINES GROUP Annual General Meeting, Thursday June 14, 2018 Check against delivery FINANCIAL PERFORMANCE Good afternoon Ladies and Gentleman. I

More information

PERFORMANCE MEASURES TO SUPPORT COMPETITIVE ADVANTAGE

PERFORMANCE MEASURES TO SUPPORT COMPETITIVE ADVANTAGE PERFORMANCE MEASURES TO SUPPORT COMPETITIVE ADVANTAGE by Graham Morgan 01 Aug 2005 The emergence in the 1990s of low-cost airlines and the expansion of the European travel market has shown how competition

More information

Up in the Air: Can an Industry Compete on Costs Without Destroying its Workforce?

Up in the Air: Can an Industry Compete on Costs Without Destroying its Workforce? Up in the Air: Can an Industry Compete on Costs Without Destroying its Workforce? Thomas Kochan, MIT Jody Hoffer Gittell, Brandeis University Greg Bamber, Griffith University Andrew von Nordenflycht, Simon

More information

ANA Reports Record Profits for FY2012

ANA Reports Record Profits for FY2012 ANA HOLDINGS NEWS ANA Reports Record Profits for FY2012 TOKYO April 30, 2013 - ANA Holdings today reports consolidated financial for the fiscal year ended March, 2013. Financial and Operational Highlights

More information

Open skies would be a disaster for the U.S. carriers Interview with Bob Crandall, CEO American Airlines ( ), Apr 2 nd 2006

Open skies would be a disaster for the U.S. carriers Interview with Bob Crandall, CEO American Airlines ( ), Apr 2 nd 2006 Should The US Adopt A Full Open Skies Agreement With The EU? Open skies would be a disaster for the U.S. carriers Interview with Bob Crandall, CEO American Airlines (1985-1998), Apr 2 nd 2006 America clearly

More information

Fordham International Law Journal

Fordham International Law Journal Fordham International Law Journal Volume 23, Issue 6 1999 Article 16 Deregulation of Air Transport Agreements Robert Wolfger Copyright c 1999 by the authors. Fordham International Law Journal is produced

More information

THE BRUSSELS AIRPORT COMPANY

THE BRUSSELS AIRPORT COMPANY THE BRUSSELS AIRPORT COMPANY RESPONSE TO THE EUROPEAN COMMISSION QUESTIONNAIRE ON THE REVIEW OF COMMUNITY GUIDELINES ON FINANCING OF AIRPORTS AND START-UP AID TO AIRLINES DEPARTING FROM REGIONAL AIRPORTS

More information

Good afternoon Chairman Cantwell, Ranking Member Ayotte, and members of the

Good afternoon Chairman Cantwell, Ranking Member Ayotte, and members of the Testimony of Doug Parker, CEO of US Airways Senate Committee on Commerce, Science and Transportation Subcommittee on Aviation Operations, Safety and Security Hearing on Airline Industry Consolidation June

More information

Airline Code-shares and Competition

Airline Code-shares and Competition Peter Wiener Associate Steer Davies Gleave Infraday Conference Berlin, October 2007 October 2007 Steer Davies Gleave 28-32 Upper Ground London, SE1 9PD, UK +44 (0)20 7919 8500 www.steerdaviesgleave.com

More information

DECISIONS ON AIR TRANSPORT LICENCES AND ROUTE LICENCES 4/99

DECISIONS ON AIR TRANSPORT LICENCES AND ROUTE LICENCES 4/99 UNITED KINGDOM CIVIL AVIATION AUTHORITY DECISIONS ON AIR TRANSPORT LICENCES AND ROUTE LICENCES 4/99 Decision of the Authority on its proposal to vary licence 1B/10 held by British Airways Plc and licence

More information

Trends & Statistics - July 2013

Trends & Statistics - July 2013 Trends & Statistics - July 2013 Insight Department VisitScotland July 2013 1 Welcome In today s rapidly changing world, having an informed outlook is vital. The tourism and hospitality sectors are increasingly

More information

Introduction: Airline Industry Overview Dr. Peter Belobaba Presented by: Alex Heiter & Ali Hajiyev

Introduction: Airline Industry Overview Dr. Peter Belobaba Presented by: Alex Heiter & Ali Hajiyev Introduction: Airline Industry Overview Dr. Peter Belobaba Presented by: Alex Heiter & Ali Hajiyev Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule

More information

Aviation fuelling at its best

Aviation fuelling at its best Aviation fuelling at its best Welcome to Skytanking Into-Plane Fuelling Storage & Hydrant Management Investment Projects Engineering Skytanking is a specialist, independent aviation fuelling company providing

More information

Airline Performance and Capacity Strategies Dr. Peter Belobaba

Airline Performance and Capacity Strategies Dr. Peter Belobaba Airline Performance and Capacity Strategies Dr. Peter Belobaba Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 18 : 13 March

More information

A conversation with David Siegel, CEO, US Airways

A conversation with David Siegel, CEO, US Airways A MAGAZINE FOR AIRLINE EXECUTIVES OCTOBER 2003 T a k i n g y o u r a i r l i n e t o n e w h e i g h t s E X T R E M E A I R L I N E M A N A G E M E N T A conversation with David Siegel, CEO, US Airways

More information

Tuesday 12 June 2012 Afternoon

Tuesday 12 June 2012 Afternoon Tuesday 12 June 2012 Afternoon A2 GCE ECONOMICS F584/01 Transport Economics *F530110612* Candidates answer on the Question Paper. OCR supplied materials: None Other materials required: Calculators may

More information

Half Year Traffic Highlights

Half Year Traffic Highlights Half Year Traffic Highlights Presented by CEO, ALAN BORG 1 Presentation Contents 1. Traffic Highlights 2015 2. Route Development 2015 3. Industry Indicators 2015 4. Forecast 2015 5. Airport Investments

More information

RYANAIR: grow the company

RYANAIR: grow the company RYANAIR: grow the company Advanced level: Grammar: Countable and uncountable nouns Functional Vocabulary: Scale of likelihood Listening Exercises: Ryanair s growth and Michael O Leary Cultural Awareness

More information

TravelWatch- ISLE OF MAN

TravelWatch- ISLE OF MAN TravelWatch- ISLE OF MAN Arrey Troailt Ellan Vannin Representing and promoting the interests of Isle of Man Passengers To:- Roger Phillips, Clerk of Tynwald. Submission from TravelWatch Isle of Man to

More information

LCC Competition in the U.S. and EU: Implications for the Effect of Entry by Foreign Carriers on Fares in U.S. Domestic Markets

LCC Competition in the U.S. and EU: Implications for the Effect of Entry by Foreign Carriers on Fares in U.S. Domestic Markets LCC Competition in the U.S. and EU: Implications for the Effect of Entry by Foreign Carriers on Fares in U.S. Domestic Markets Xinlong Tan Clifford Winston Jia Yan Bayes Data Intelligence Inc. Brookings

More information

Q3 FY 14 IMS Analyst & Investor presentation. 3 months to 30 June 2014

Q3 FY 14 IMS Analyst & Investor presentation. 3 months to 30 June 2014 Q3 FY 14 IMS Analyst & Investor presentation 3 months to 30 June 2014 24 July 2014 1 1 Continued solid performance 1. Drive demand, conversion and yields across Europe Passenger numbers up by 9.4%; load

More information

BEFORE THE FEDERAL AVIATION ADMINISTRATION WASHINGTON, D. C.

BEFORE THE FEDERAL AVIATION ADMINISTRATION WASHINGTON, D. C. BEFORE THE FEDERAL AVIATION ADMINISTRATION WASHINGTON, D. C. In the Matter of Petition for Waiver of the Terms of the Order Limiting Scheduled Operations at LaGuardia Airport Docket FAA-2010-0109 COMMENTS

More information

International Air Connectivity for Business. How well connected are UK airports to the world s main business destinations?

International Air Connectivity for Business. How well connected are UK airports to the world s main business destinations? International Air Connectivity for Business How well connected are UK airports to the world s main business destinations? 1 Summary Air transport provides the international connectivity the country needs

More information

AVOIDING TURBULENCE. The risks and opportunities of airline consolidation for corporate travel programs

AVOIDING TURBULENCE. The risks and opportunities of airline consolidation for corporate travel programs AVOIDING TURBULENCE The risks and opportunities of airline consolidation for corporate travel programs Introduction Whatever role you play in your corporate travel organisation, offering the best experience

More information

REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, APRIL, 2004

REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, APRIL, 2004 REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, 27-29 APRIL, 2004 JAMAICA S EXPERIENCE WITH AIR TRANSPORT LIBERALIZATION INTRODUCTION Today, the

More information

6 Dec 2009 version Developments in Air Transport Industry, and Implications for the proposed LCC- Focused Airport in SE Korea. Prof.

6 Dec 2009 version Developments in Air Transport Industry, and Implications for the proposed LCC- Focused Airport in SE Korea. Prof. 6 Dec 2009 version Developments in Air Transport Industry, and Implications for the proposed LCC- Focused Airport in SE Korea Prof. Tae Hoon Oum The Air Transport Research Society (ATRS) www.atrsworld.org

More information

30 September Dear Mr Higgins. Ref: L/LR

30 September Dear Mr Higgins. Ref: L/LR Mr M Higgins Chairman Channel Islands Competition and Regulatory Authorities Jersey Competition Regulatory Authority 2 nd Floor, Salisbury House 1-9 Union Street St Helier Jersey JE2 3RF 30 September 2016

More information

Forward-looking Statements

Forward-looking Statements September 21, 2011 Forward-looking Statements This presentation contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, necessarily

More information

Airlines Worldwide Fly High on Ancillary Services Revenues Jump 43 percent to 11 billion ($13.5 billion)

Airlines Worldwide Fly High on Ancillary Services Revenues Jump 43 percent to 11 billion ($13.5 billion) Airlines Worldwide Fly High on Ancillary Services -- 2009 Revenues Jump 43 percent to 11 billion ($13.5 billion) Analysis from IdeaWorks, supported by Amadeus, shows United, American, Delta, Qantas, and

More information

Perspectives on Travel & Expenses

Perspectives on Travel & Expenses Flight plans how major airline changes could affect your supplier programme From new low-cost long-haul services to the disappearance of well-known European carriers, the global air market is shifting

More information

Why Airline Antitrust Immunity Benefits Consumers

Why Airline Antitrust Immunity Benefits Consumers September 2009 (1) Why Airline Antitrust Immunity Benefits Consumers Daniel M. Kasper & Darin Lee LECG, LLC www.competitionpolicyinternational.com Competition Policy International, Inc. Why Airline Antitrust

More information

It is a great pleasure to be speaking here today in front of such an impressive gathering of the Brussels community.

It is a great pleasure to be speaking here today in front of such an impressive gathering of the Brussels community. Carolyn McCall CEO easyjet Making travel easy and affordable It is a great pleasure to be speaking here today in front of such an impressive gathering of the Brussels community. I gather that next week

More information

Contents EMEA Sales Kickoff Flight Bookings Instructions... 2 Departures from Germany... 2 Munich... 2 Dusseldorf... 3 Frankfurt... 3 Hamburg...

Contents EMEA Sales Kickoff Flight Bookings Instructions... 2 Departures from Germany... 2 Munich... 2 Dusseldorf... 3 Frankfurt... 3 Hamburg... Contents EMEA Sales Kickoff Flight Bookings Instructions... 2 Departures from Germany... 2 Munich... 2 Dusseldorf... 3 Frankfurt... 3 Hamburg... 4 Hannover... 4 Other airports departure / Air Ticket Price

More information

THE STATE OF EUROPEAN AIRLINE COMPETITION IN THE ERA OF CONSOLIDATION

THE STATE OF EUROPEAN AIRLINE COMPETITION IN THE ERA OF CONSOLIDATION THE STATE OF EUROPEAN AIRLINE COMPETITION IN THE ERA OF CONSOLIDATION Dr Nigel Dennis Senior Research Fellow Transport Studies Group University of Westminster 1 Ryanair, easyjet, Air Berlin and Emirates

More information

Tourism & Leisure. A Place for Business and Pleasure. Beach chairs Deutsche Zentrale für Tourismus/bilddatenbank-dzt.de

Tourism & Leisure. A Place for Business and Pleasure. Beach chairs Deutsche Zentrale für Tourismus/bilddatenbank-dzt.de Beach chairs Deutsche Zentrale für Tourismus/bilddatenbank-dzt.de Tourism & Leisure A Place for Business and Pleasure Travel has become a way of life in Germany. Whether on the job or on vacation, Germans

More information

If Brandenburg Airport were open today it would already be full!

If Brandenburg Airport were open today it would already be full! Berlin Airports BERLIN SHOULD RETHINK ITS SINGLE AIRPORT STRATEGY Berlin s attempts to build a new airport have been a national embarrassment. The project is already ten years behind schedule. What s more,

More information

W.Douglas Parker, Chairman, President and CEO, US Airways

W.Douglas Parker, Chairman, President and CEO, US Airways A MAGAZINE FOR AIRLINE EXECUTIVES 2005 Issue No. 2 T a k i n g y o u r a i r l i n e t o n e w h e i g h t s T H E T R A N S F O R M E R A conversation with W.Douglas Parker, Chairman, President and CEO,

More information

Our commitment to you. Business Powered

Our commitment to you. Business Powered Our commitment to you We re accredited to the highest international standards so that we can meet your expectations. Your satisfaction is our success. ADVANCE PRIVILEGE Please contact your account manager

More information

The 10 Things you may not know about airfare & hotel prices. James Filsinger President & CEO Yapta

The 10 Things you may not know about airfare & hotel prices. James Filsinger President & CEO Yapta The 10 Things you may not know about airfare & hotel prices James Filsinger President & CEO Yapta #btshow @BTShowlondon Confidence in Travel 10 Things You May Not Know About Airfare & Hotel Prices Yapta

More information

Airline Competition in Ireland Back to Monopoly?

Airline Competition in Ireland Back to Monopoly? Airline Competition in Ireland Back to Monopoly? Professor Frank J Convery, Chair Publicpolicy.ie and Senior Fellow, University College Dublin Introduction For any country, easy and efficient access to

More information

Multi-Airport Systems in Era of Low-Cost Carriers. Dr. Richard de Neufville

Multi-Airport Systems in Era of Low-Cost Carriers. Dr. Richard de Neufville Multi-Airport Systems in Era of Low-Cost Carriers Dr. Richard de Neufville Professor of Systems Engineering and of Civil and Environmental Engineering Massachusetts Institute of Technology Theme No-frills

More information

20-Year Forecast: Strong Long-Term Growth

20-Year Forecast: Strong Long-Term Growth 20-Year Forecast: Strong Long-Term Growth 10 RPKs (trillions) 8 Historical Future 6 4 2 Forecast growth annual rate 4.8% (2005-2024) Long-Term Growth 2005-2024 GDP = 2.9% Passenger = 4.8% Cargo = 6.2%

More information

Impacts of Global Alliance and New Large Aircraft on Airlines and Competition and Traffic Flow Patterns. Tae Hoon OUM

Impacts of Global Alliance and New Large Aircraft on Airlines and Competition and Traffic Flow Patterns. Tae Hoon OUM Impacts of Global Alliance and New Large Aircraft on Airlines and Competition and Traffic Flow Patterns presented at the ICAO-IATA Joint Conference on Liberalization of Air Transport in Asia/Pacific (25-27

More information

easyjet response to the European Commission consultation on the aviation package for improving the competitiveness of the EU aviation sector

easyjet response to the European Commission consultation on the aviation package for improving the competitiveness of the EU aviation sector easyjet response to the European Commission consultation on the aviation package for improving the competitiveness of the EU aviation sector Introduction easyjet started flying in 1995. Since then we have

More information

THE FUNDAMENTALS OF ROUTE DEVELOPMENT SETTING THE SCENE MODULE 1

THE FUNDAMENTALS OF ROUTE DEVELOPMENT SETTING THE SCENE MODULE 1 THE FUNDAMENTALS OF ROUTE DEVELOPMENT SETTING THE SCENE THE FUNDAMENTALS OF ROUTE DEVELOPMENT Mike St Laurent Vice President, Consulting - ASM ASM BACKGROUND Global consultancy founded in 1993 to provide

More information

Travel Policy Fly America Act Compliance Presentation. Presented by: Travel Services

Travel Policy Fly America Act Compliance Presentation. Presented by: Travel Services Travel Policy Fly America Act Compliance Presentation Presented by: Travel Services Agenda Fly America Act Exceptions Open Skies Agreement Documentation Requirements Good News and Bad News CTP demo 3 Travel

More information

FLY AMERICA ACT WAIVER CHECKLIST

FLY AMERICA ACT WAIVER CHECKLIST FLY AMERICA ACT WAIVER CHECKLIST (To assist in determining qualification for a waiver of the restrictions of the Fly America Act under 41 CFR Part 301-10, check the applicable statement(s) below.) Use

More information

High-Speed Rail Inquiry

High-Speed Rail Inquiry High-Speed Rail Inquiry Evidence from HACAN HACAN is the well-established organisation which represents residents under the Heathrow flight paths. www.hacan.org.uk There is evidence that high-speed rail

More information

France And Belgium (European Leisure Map)

France And Belgium (European Leisure Map) France And Belgium (European Leisure Map) If you are searching for the book France and Belgium (European Leisure Map) in pdf format, then you have come on to the loyal site. We furnish full variant of

More information

THE IMPACT OF OPEN SKIES FOR IB. Strategy and Corporate Development Direction

THE IMPACT OF OPEN SKIES FOR IB. Strategy and Corporate Development Direction THE IMPACT OF OPEN SKIES FOR IB Strategy and Corporate Development Direction April 17th, 2008 Index OPEN SKIES 1. Brief historic analysis of Open Skies First steps and negotiations Major constraints and

More information

Case Study 2. Low-Cost Carriers

Case Study 2. Low-Cost Carriers Case Study 2 Low-Cost Carriers Introduction Low cost carriers are one of the most significant developments in air transport in recent years. With their innovative business model they have reduced both

More information

Forty years of vision. The EUROCONTROL Maastricht UAC story. years of vision EUROCONTROL MAASTRICHT UAC EUROCONTROL

Forty years of vision. The EUROCONTROL Maastricht UAC story. years of vision EUROCONTROL MAASTRICHT UAC EUROCONTROL 1972-2012 Forty years of vision The EUROCONTROL Maastricht UAC story years of vision EUROCONTROL MAASTRICHT UAC EUROCONTROL years of vision EUROCONTROL MAASTRICHT UAC Since the dawn of time, man has dreamed

More information

Australian Airport Association Stakeholder Dinner. 31 May 2018 Sydney, Australia. Speech by Angela Gittens

Australian Airport Association Stakeholder Dinner. 31 May 2018 Sydney, Australia. Speech by Angela Gittens Australian Airport Association Stakeholder Dinner 31 May 2018 Sydney, Australia Speech by Angela Gittens Good evening ladies and gentlemen. It is a pleasure to be with you tonight and thank you again Caroline

More information

Peter Forsyth, Monash University Conference on Airports Competition Barcelona 19 Nov 2012

Peter Forsyth, Monash University Conference on Airports Competition Barcelona 19 Nov 2012 Airport Competition: Implications for Regulation and Welfare Peter Forsyth, Monash University Conference on Airports Competition Barcelona 19 Nov 2012 1 The Issue To what extent can we rely on competition

More information

Happy Jetting. A Conversation With Dave Barger, President And Chief Executive Officer, JetBlue Airways, Page 14.

Happy Jetting. A Conversation With Dave Barger, President And Chief Executive Officer, JetBlue Airways, Page 14. A MAGAZINE FOR AIRLINE EXECUTIVES 2009 Issue No. 2 Taking your airline to new heights Happy Jetting A Conversation With Dave Barger, President And Chief Executive Officer, JetBlue Airways, Page 14. 11

More information

Airport Slot Management in Europe. NEXTOR workshop Aspen Wye River, June 6-8, 2007 Prof. Jaap de Wit, University of Amsterdam

Airport Slot Management in Europe. NEXTOR workshop Aspen Wye River, June 6-8, 2007 Prof. Jaap de Wit, University of Amsterdam Airport Slot Management in Europe NEXTOR workshop Aspen Wye River, June 6-8, 2007 Prof. Jaap de Wit, University of Amsterdam Issues to be discussed: Existing slot allocation system in Europe Slot trading

More information

Entry of Low-Cost-Airlines in Germany - Some Lessons for the Economics of Railroads and Intermodal Competition -

Entry of Low-Cost-Airlines in Germany - Some Lessons for the Economics of Railroads and Intermodal Competition - Entry of Low-Cost-Airlines in Germany - Some Lessons for the Economics of Railroads and Intermodal Competition - Juergen Antes Deutsche Bahn Strategic Network Management Guido Friebel University of Toulouse

More information

ALITALIA GROUP: RESULTS FOR QUARTER THREE 2012

ALITALIA GROUP: RESULTS FOR QUARTER THREE 2012 PRESS RELEASE ALITALIA GROUP: RESULTS FOR QUARTER THREE 2012 IN QUARTER THREE, REVENUES AT 1,126 M (+ 4%), A POSITIVE EBIT OF 50 M, AND A POSITIVE NET RESULT OF 27 M A TREND REVERSAL IN COMPARISON WITH

More information

All inclusive: the best of both worlds for Scottish tourism

All inclusive: the best of both worlds for Scottish tourism All inclusive: the best of both worlds for Scottish tourism July 2014 2 Introduction As part of the UK, Scotland s tourism industry is prospering. We have seen huge numbers of people from around the world

More information

East Midlands Airport - Past, Present and Future Introduction The History of East Midlands Airport (EMA) Fig. 1 - RAF Castle Donnington Layout -1945

East Midlands Airport - Past, Present and Future Introduction The History of East Midlands Airport (EMA) Fig. 1 - RAF Castle Donnington Layout -1945 East Midlands Airport - Past, Present and Future by John Froggatt, Cargo & Commercial Bid Director, East Midlands Airport 1. Introduction John has been employed at East Midlands Airport for the last 29

More information

European Low-Cost Carriers White Paper

European Low-Cost Carriers White Paper European Low-Cost Carriers White Paper A detailed report reflecting on the impact low-cost carriers have had on the European aviation market OAG report on European Low-cost carriers Dedicated to the late

More information

The Changing Trends in the International Airline Industry. Dr John Frankie O Connell First Annual Tourism Policy Workshop Dromoland, 2010

The Changing Trends in the International Airline Industry. Dr John Frankie O Connell First Annual Tourism Policy Workshop Dromoland, 2010 The Changing Trends in the International Airline Industry How is Ireland being affected by Changes in the Marketplace? Dr John Frankie O Connell First Annual Tourism Policy Workshop Dromoland, 2010 Agenda

More information

HACAN ClearSkies. The Future Development of Air Transport in the United Kingdom: South East Consultation Documents

HACAN ClearSkies. The Future Development of Air Transport in the United Kingdom: South East Consultation Documents HACAN ClearSkies Heathrow Association for the Control of Aircraft Noise (HACAN ClearSkies) P.0. Box No. 339, TWICKENHAM, Middlesex, TW1 2XF www.hacan.org.uk The Future Development of Air Transport in the

More information

Merge or Perish: Irish Aviation in a Rapidly Changing Global Market

Merge or Perish: Irish Aviation in a Rapidly Changing Global Market Merge or Perish: Irish Aviation in a Rapidly Changing Global Market Professor Aisling Reynolds-Feighan UCD School of Economics UL Kemmy Business School Third Annual Tourism Policy Workshop, November 2-4,

More information

Antitrust Law and Airline Mergers and Acquisitions

Antitrust Law and Airline Mergers and Acquisitions Antitrust Law and Airline Mergers and Acquisitions Module 22 Istanbul Technical University Air Transportation Management, M.Sc. Program Air Law, Regulation and Compliance Management 12 February 2015 Kate

More information

A chat with Paulo Salvador, Chief Marketing Officer at Worldhotels

A chat with Paulo Salvador, Chief Marketing Officer at Worldhotels A chat with Paulo Salvador, Chief Marketing Officer at Worldhotels Worldhotels is a group of independent hotels with almost 500 hotels in its global portfolio. How do you devise a marketing mix that caters

More information

CASE COMP/A /D2 (British Airways / SN Brussels Airlines)

CASE COMP/A /D2 (British Airways / SN Brussels Airlines) CASE COMP/A.38.477/D2 (British Airways / SN Brussels Airlines) On 10 March 2003, the Commission decided not to raise serious doubts against the alliance between British Airways and SN Brussels Airlines.

More information

Derek Sharp Senior Vice President and Managing Director Air Commerce December 17, 2015

Derek Sharp Senior Vice President and Managing Director Air Commerce December 17, 2015 Derek Sharp Senior Vice President and Managing Director Air Commerce December 17, 2015 Airline content Network carriers Low cost carriers Airline merchandising Ancillaries Tailored offerings (Rich Content

More information

Permitting foreign ownership and control. Potential effects of a further deregulation of air transport markets in Europe

Permitting foreign ownership and control. Potential effects of a further deregulation of air transport markets in Europe Permitting foreign ownership and control Potential effects of a further deregulation of air transport markets in Europe Konferenz Verkehrsökonomik und Verkehrspolitik Berlin, 2. Juni 2016 Prof. Dr. Frank

More information

Q1 FY 13 IMS Analyst & Investor presentation. 3 months to 31 December 2012

Q1 FY 13 IMS Analyst & Investor presentation. 3 months to 31 December 2012 Q1 FY 13 IMS Analyst & Investor presentation 3 months to 31 December 2012 24 th January 2013 1 1 Progress against strategic objectives 1. Drive demand, conversion and yields across Europe Passenger numbers

More information

A MAGAZINE FOR AIRLINE EXECUTIVES 2011 Issue No. 1. T a k i n g y o u r a i r l i n e t o n e w h e i g h t s. America aviation

A MAGAZINE FOR AIRLINE EXECUTIVES 2011 Issue No. 1. T a k i n g y o u r a i r l i n e t o n e w h e i g h t s. America aviation A MAGAZINE FOR AIRLINE EXECUTIVES 2011 Issue No. 1 T a k i n g y o u r a i r l i n e t o n e w h e i g h t s SkyTeam: Caring More About You A Conversation With É Leo van Wijk, Chairman, SkyTeam Pg. 10

More information

QUT BlueShift Business Case Competition 2018 Business Case

QUT BlueShift Business Case Competition 2018 Business Case QUT BlueShift Business Case Competition 2018 Business Case Table of Contents Confidentiality... 2 1.0 Airlines in Australia... 3 2.0 Loyalty Programs... 4 3.0 Virgin Australia Group... 5 4.0 Velocity Frequent

More information

Leaps and Bounds. A Conversation With Pham Ngoc Minh, President and Chief Executive Officer, Vietnam Airlines, Pg 18.

Leaps and Bounds. A Conversation With Pham Ngoc Minh, President and Chief Executive Officer, Vietnam Airlines, Pg 18. A MAGAZINE FOR AIRLINE EXECUTIVES 2008 Issue No. 2 T a k i n g y o u r a i r l i n e t o n e w h e i g h t s Leaps and Bounds A Conversation With Pham Ngoc Minh, President and Chief Executive Officer,

More information

pilot the A Conversation with Tim Hoeksema, chairman, president and chief executive officer, Midwest Airlines. pg. 36 Special Section

pilot the A Conversation with Tim Hoeksema, chairman, president and chief executive officer, Midwest Airlines. pg. 36 Special Section A MAGAZINE FOR AIRLINE EXECUTIVES 2008 Issue No. 1 T a k i n g y o u r a i r l i n e t o n e w h e i g h t s the pilot A Conversation with Tim Hoeksema, chairman, president and chief executive officer,

More information

No-fly zone? A curious case of alleged predation by a new entrant

No-fly zone? A curious case of alleged predation by a new entrant Agenda Advancing economics in business An alleged predation case in aviation No-fly zone? A curious case of alleged predation by a new entrant Following the entry of UK airline, Flybe, onto a domestic

More information

AdvocAte. the global. A Conversation With... Giovanni Bisignani director general and CEO International Air Transport Association.

AdvocAte. the global. A Conversation With... Giovanni Bisignani director general and CEO International Air Transport Association. A MAGAZINE FOR AIRLINE EXECUTIVES 2006 Issue No. 2 t a k i n g y o u r a i r l i n e t o n e w h e i g h t s the global AdvocAte A Conversation With... Giovanni Bisignani director general and CEO International

More information

LCCs: On the verge of making it big in Japan?

LCCs: On the verge of making it big in Japan? The announcement that AirAsia plans a return to the Japanese market in 2015 is symptomatic of the changes taking place in Japanese aviation. Low cost carriers (LCCs) have been growing rapidly, stealing

More information

Brexit scenarios for business aviation

Brexit scenarios for business aviation Brexit scenarios for business aviation January 2018 For EBAA 1 Foreword by Brandon Mitchener, CEO, EBAA On the 23 June 2016, the UK voted to leave the European Union. This decision will result in a new

More information

John Holland-Kaye Chief Executive Officer Heathrow

John Holland-Kaye Chief Executive Officer Heathrow John Holland-Kaye Chief Executive Officer Heathrow 8 th February 2016 Check against delivery It is a great pleasure to see so many old friends here this evening. Thank you for joining us and for your continued

More information

2 rolls-royce.com. LATAM is the first airline group in the Americas to operate the Trent 1000-powered Boeing 787.

2 rolls-royce.com. LATAM is the first airline group in the Americas to operate the Trent 1000-powered Boeing 787. LATAM is the first airline group in the Americas to operate the Trent 1000-powered Boeing 787. Below Enrique Cueto, CEO for LATAM Airlines Group. Below right LAN from Chile and TAM from Brazil have merged

More information