Air Berlin
Join Date: Mar 2004
Location: Duisburg, Germany
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according to an Air Berlin Forum in Germany, even PAD-MAN and PAD-BOH are going to go at the end of the season.
But now new: MUC-STN from November, is now bookable.
But now new: MUC-STN from November, is now bookable.
Very disappointing to see AB leave the regions & stick with STN.
Judging by the fares Jet2 are charging for MAN- Berlin in December they must be having fairly good loads. Also given Flybe's poor showing/popularity & also the lack of competition on MAN-MUC, it's almost unbelievable that AB can't sustain a Berlin & Munich service from Manchester. Their Hamburg route from MAN has suffered from chopping & changing times-but that could easily be developed into a good connecting hub rather than STN.
Judging by the fares Jet2 are charging for MAN- Berlin in December they must be having fairly good loads. Also given Flybe's poor showing/popularity & also the lack of competition on MAN-MUC, it's almost unbelievable that AB can't sustain a Berlin & Munich service from Manchester. Their Hamburg route from MAN has suffered from chopping & changing times-but that could easily be developed into a good connecting hub rather than STN.
Ecce Homo! Loquitur...
Air Berlin to buy Condor from Thomas Cook
Air Berlin to buy Condor from Thomas Cook
FRANKFURT (AFP) — German low-cost carrier Air Berlin said Thursday it was planning to buy the Condor airline from British-based travel operator Thomas Cook.
Air Berlin said it would buy Condor in two stages from Thomas Cook in a deal worth between 380 million euros and 475 million euros.
Air Berlin is planning to take over 75.1 percent of Condor in February 2009 and a further 24.9 percent in February 2010. The transaction requires regulatory approval.
Thomas Cook will end up with a 29.9-percent stake in Air Berlin as part of the deal.
Thomas Cook chief executive Manny Fontenla-Novoa said the tie-up would create "one of the leading low-fare airlines in Europe."
"One of the great things about this deal is that we get access to the capacity in Germany ... and also get access then to the synergies," he told journalists in a conference call.
Air Berlin said it believed it would make at least 70 million euros in savings from the tie-up.
Condor, founded in 1955, carries about seven million passengers a year.
It said in June it would be increasing long-haul flights for the winter season to meet rising demand after recording 20-percent rises this year in bookings for flights to destinations such as Mombasa in Kenya and Anchorage in the US state of Alaska.
FRANKFURT (AFP) — German low-cost carrier Air Berlin said Thursday it was planning to buy the Condor airline from British-based travel operator Thomas Cook.
Air Berlin said it would buy Condor in two stages from Thomas Cook in a deal worth between 380 million euros and 475 million euros.
Air Berlin is planning to take over 75.1 percent of Condor in February 2009 and a further 24.9 percent in February 2010. The transaction requires regulatory approval.
Thomas Cook will end up with a 29.9-percent stake in Air Berlin as part of the deal.
Thomas Cook chief executive Manny Fontenla-Novoa said the tie-up would create "one of the leading low-fare airlines in Europe."
"One of the great things about this deal is that we get access to the capacity in Germany ... and also get access then to the synergies," he told journalists in a conference call.
Air Berlin said it believed it would make at least 70 million euros in savings from the tie-up.
Condor, founded in 1955, carries about seven million passengers a year.
It said in June it would be increasing long-haul flights for the winter season to meet rising demand after recording 20-percent rises this year in bookings for flights to destinations such as Mombasa in Kenya and Anchorage in the US state of Alaska.
Join Date: Apr 2002
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air berlin /condor merger
here a press release from the ab website:
Thomas Cook merges Condor with Air Berlin
20.09.2007
Air Berlin to become one of the leading European airlines
Thomas Cook to receive at least EUR 500 million in shares and cash
Estimated annual synergies of more than EUR 70 million
Positive effects on Thomas Cook’s balance sheet and results
Thomas Cook consequently executes on its Asset Light Strategy
Thomas Cook Group plc will merge its stake in Condor Flugdienst GmbH with Air Berlin PLC. Air Berlin therewith becomes one of the leading European airlines and will with Condor be able to enlarge its long-distance flight business, which it runs since the acquisition of LTU. Thomas Cook Group is consequently executing on its Asset Light-Strategy as promised. Both partners expect positive synergies of at least Eur70 million. Thomas Cook will receive at least EUR 500 million in shares and cash and has the option to gain a total amount of EUR 600 million over the positive share price development of Air Berlin. Through the integration of Condor into Air Berlin Thomas Cook will in addition achieve positive effects on its balance sheet and results. The transaction is subject to the approval by the cartel authorities.
75.1% of Condor Flugdienst Gmbh belong to Thomas Cook Group plc and 24.9 % to Deutsche Lufthansa AG. The agreement about the mutual shareholdings between Air Berlin and Thomas Cook ist still subject to Deutsche Lufthansa AG not asserting a contractual preemption right. The acqusition of 75.1% of Condor by Air Berlin will be completed until February 10, 2009. For the remaining 24.9% Thomas Cook will exercise its call options and afterwards will assign the shares to Air Berlin.
Air Berlin already offers a range of attractive flight connections between hubs like Düsseldorf, Berlin and Mallorca. Through the integration of Condor Air Berlin will be able to increase the attractivesness of its offer at the airports Frankfurt, Munich and Hamburg. In addition Air Berlin has just placed the biggest order in Europe for the currently most modern aircraft model Boeing 787 Dreamliner.
As Manny Fontenla-Novoa, CEO of Thomas Cook’s stated: "The agreement aims at reducing risk and maximizing flexibility. This transaction will create significant value for the shareholders of Thomas Cook and secure the long-term future for Condor. As the biggest shareholder of Air Berlin, we are benefiting from Air Berlin’s extensive flight offer. Together, we have a significant potential for growth. Furthermore, Air Berlin will remain a long-term strategic partner for Thomas Cook and provide us with flight capacities."
Joachim Hunold, Air Berlin’s CEO, explained in Düsseldorf on Thursday: "In light of the quickly progressing concentration process of European aviation, integrating Con-dor into the Air Berlin Group secures the future for both companies. Together, we will achieve international competitiveness. This step makes sense, especially following the takeover of LTU, since it will enable us to offer our clients a more tightly-meshed long-haul flight network."
Ludger Heuberg, CFO of Thomas Cook Group plc, emphasized that exchanging Condor shares for Air Berlin shares will increase profits per share for the sharehold-ers of Thomas Cook: "The participation in the new Air Berlin is worth more than a 100 percent participation in Condor." Thomas Cook plc will consolidate its share in Air Berlin at equity.
Ulf Hüttmeyer, CFO of Air Berlin PLC, said: "Earnings per share for Air Berlin will not decrease through Thomas Cook’s investment in 2009. They will more likely increase through the synergies that we will achieve."
Background information
Founded in 1955, Condor Flugdienst GmbH currently has a fleet of 35 aircraft and transported 7.8 million passengers last year. Sales volume amounted to EUR 1.2 billion. While Condor, like LTU, mainly focused on tour operators and travel agencies for its sales, Air Berlin concentrated on single-seat sales and sales over the Internet. Moreover, Air Berlin already has a high percentage of business travelers. Last year, Air Berlin transported 19.7 million passengers. Sales volume in 2006 amounted to EUR 1.57 billion. At present, the Air Berlin Group operates a fleet of 131 aircraft.
Thomas Cook merges Condor with Air Berlin
20.09.2007
Air Berlin to become one of the leading European airlines
Thomas Cook to receive at least EUR 500 million in shares and cash
Estimated annual synergies of more than EUR 70 million
Positive effects on Thomas Cook’s balance sheet and results
Thomas Cook consequently executes on its Asset Light Strategy
Thomas Cook Group plc will merge its stake in Condor Flugdienst GmbH with Air Berlin PLC. Air Berlin therewith becomes one of the leading European airlines and will with Condor be able to enlarge its long-distance flight business, which it runs since the acquisition of LTU. Thomas Cook Group is consequently executing on its Asset Light-Strategy as promised. Both partners expect positive synergies of at least Eur70 million. Thomas Cook will receive at least EUR 500 million in shares and cash and has the option to gain a total amount of EUR 600 million over the positive share price development of Air Berlin. Through the integration of Condor into Air Berlin Thomas Cook will in addition achieve positive effects on its balance sheet and results. The transaction is subject to the approval by the cartel authorities.
75.1% of Condor Flugdienst Gmbh belong to Thomas Cook Group plc and 24.9 % to Deutsche Lufthansa AG. The agreement about the mutual shareholdings between Air Berlin and Thomas Cook ist still subject to Deutsche Lufthansa AG not asserting a contractual preemption right. The acqusition of 75.1% of Condor by Air Berlin will be completed until February 10, 2009. For the remaining 24.9% Thomas Cook will exercise its call options and afterwards will assign the shares to Air Berlin.
Air Berlin already offers a range of attractive flight connections between hubs like Düsseldorf, Berlin and Mallorca. Through the integration of Condor Air Berlin will be able to increase the attractivesness of its offer at the airports Frankfurt, Munich and Hamburg. In addition Air Berlin has just placed the biggest order in Europe for the currently most modern aircraft model Boeing 787 Dreamliner.
As Manny Fontenla-Novoa, CEO of Thomas Cook’s stated: "The agreement aims at reducing risk and maximizing flexibility. This transaction will create significant value for the shareholders of Thomas Cook and secure the long-term future for Condor. As the biggest shareholder of Air Berlin, we are benefiting from Air Berlin’s extensive flight offer. Together, we have a significant potential for growth. Furthermore, Air Berlin will remain a long-term strategic partner for Thomas Cook and provide us with flight capacities."
Joachim Hunold, Air Berlin’s CEO, explained in Düsseldorf on Thursday: "In light of the quickly progressing concentration process of European aviation, integrating Con-dor into the Air Berlin Group secures the future for both companies. Together, we will achieve international competitiveness. This step makes sense, especially following the takeover of LTU, since it will enable us to offer our clients a more tightly-meshed long-haul flight network."
Ludger Heuberg, CFO of Thomas Cook Group plc, emphasized that exchanging Condor shares for Air Berlin shares will increase profits per share for the sharehold-ers of Thomas Cook: "The participation in the new Air Berlin is worth more than a 100 percent participation in Condor." Thomas Cook plc will consolidate its share in Air Berlin at equity.
Ulf Hüttmeyer, CFO of Air Berlin PLC, said: "Earnings per share for Air Berlin will not decrease through Thomas Cook’s investment in 2009. They will more likely increase through the synergies that we will achieve."
Background information
Founded in 1955, Condor Flugdienst GmbH currently has a fleet of 35 aircraft and transported 7.8 million passengers last year. Sales volume amounted to EUR 1.2 billion. While Condor, like LTU, mainly focused on tour operators and travel agencies for its sales, Air Berlin concentrated on single-seat sales and sales over the Internet. Moreover, Air Berlin already has a high percentage of business travelers. Last year, Air Berlin transported 19.7 million passengers. Sales volume in 2006 amounted to EUR 1.57 billion. At present, the Air Berlin Group operates a fleet of 131 aircraft.
Join Date: Mar 2007
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Air Berlin
There have been many things happening with Air Berlin the past 2 years, mergers resulting in the acquisition of important slots. Large amount of B787 on order and several on option.
Where is Air Berlin going? What are their intentions? Fleet consisting of both Airbus and Boeing - a cost issue in the future?
Will they be able to keep their generous in-flight service and baggage allowance strategy even though they are considered a low cost carrier?
Bases in Stansted, Nuremberg and Palma; rumours about closing Stansted??
New routes?
Anyone who has any interesting information, please share it!
Where is Air Berlin going? What are their intentions? Fleet consisting of both Airbus and Boeing - a cost issue in the future?
Will they be able to keep their generous in-flight service and baggage allowance strategy even though they are considered a low cost carrier?
Bases in Stansted, Nuremberg and Palma; rumours about closing Stansted??
New routes?
Anyone who has any interesting information, please share it!
Join Date: Aug 2006
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I think you could read an existing Air Berlin thread first. Concerning the Stansted hub, Air Berlin has already given it up, it is not any rumour, it's a fact.
Join Date: Jan 2007
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On 1st November the first of two Boeing 757s in Air Berlin livery took off from the Nuremberg hub with Tenerife as its destination.
anyone know where a photo of the 757 can be found ?
anyone know where a photo of the 757 can be found ?
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The reason why I asked was because I couldn't find anything interesting in the thread (manage somehow to open a new thread instead of adding to the existing one - my bad!)
Also closing Stansted hasn't been confirmed (please correct me if I'm wrong), only that they're pulling out of the UK domestic market. The Air Berlin website still mentions Stansted as a hub.
Belair 757 in new Air Berlin livery
http://www.flightforum.ch/forum/show...8&postcount=10
Also closing Stansted hasn't been confirmed (please correct me if I'm wrong), only that they're pulling out of the UK domestic market. The Air Berlin website still mentions Stansted as a hub.
Belair 757 in new Air Berlin livery
http://www.flightforum.ch/forum/show...8&postcount=10
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Also closing Stansted hasn't been confirmed (please correct me if I'm wrong), only that they're pulling out of the UK domestic market. The Air Berlin website still mentions Stansted as a hub.
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at the moment they have a big hub on Palma serving the spanish market as well as Stansted, northern europe etc. Also there are flights operating international from Stansted that doesn't go through Germany...
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Also there are flights operating international from Stansted that doesn't go through
Also there are flights operating international from Stansted that doesn't go through Germany...
REALLY???? Air Berlin???????????? you sure?????????
REALLY???? Air Berlin???????????? you sure?????????
Join Date: Oct 2005
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A quote from a well known aviation magazine states the airline is in talks to establish new connections between Germany and the UK after suspending its UK domestic routes.
I would imagine that Manchester to Berlin must be high on the agenda as no airline currently flys the route.
Playamar2
I would imagine that Manchester to Berlin must be high on the agenda as no airline currently flys the route.
Playamar2
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Newcastle to Berlin would be grand too. EZ pulled the route last year despite everything pointing towards the fact that the route was succeeding. Newcastle has only one budget route to Germany at the moment (Hanover) and it's about time someone developed the links to the North East a bit... And if it's Air Berlin - Brilliant!
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AB will add NCL to the route network shortly.
Would be nice to see them add DUS but i would have thought the airport would want them to operate other routes 1st.
SXF, CGN & MUC would be my 1st guesses
Would be nice to see them add DUS but i would have thought the airport would want them to operate other routes 1st.
SXF, CGN & MUC would be my 1st guesses