TAP Air Portugal Portrait

Total Page:16

File Type:pdf, Size:1020Kb

TAP Air Portugal Portrait AERONAUTICS TAP Air Portugal TAP Air Portugal A modern classic Portugal’s flag-carrier was founded 62 years ago. With its exciting but varied history, this Airbus carrier is now in a good position to continue to expand and achieve sustained profitability in the coming years. t is night time in Lisbon as a TAP Portugal parish of Portela. It was at this airport that There are even plans to build a second termi- A320-200 approaches the airport. From its British and German aeroplanes stood next to nal with new boarding gates and parking I cockpit, the brightly lit Vasco da Gama each other during World War II. Portugal had positions by 2010. In addition, Air Portugal bridge over the bay of Lisbon is clearly visi- declared its neutrality and Lisbon became a intends to build a new maintenance hangar, ble in the distance. Named after the famous centre for smuggling people into and out of even though it will only be in service for ten seaman and explorer who established a sea occupied Europe. years at the most. route to India in the 16th century, the bridge Today, only two of the original four run- spans 17 kilometres and is the longest in ways remain, and the airport is bursting at the Europe. Flying in a wide arc above the sea, seams – not least because of TAP’s busy flight ̈ 1945: TAP is founded In 1962, TAP entered the jet age with the the twinjet lines up on the ILS approach to schedule. Situated on the Tejo river, Lisbon is Caravelle runway 35, the longer of the two runways at considered to be one of Europe’s most fasci- TAP is Portugal’s flag-carrier and was found- Portela airport.The airport, now located inside nating capitals. It has gone from being an in- ed in 1945. However, it was not the first the city of Lisbon as a result of urban expan- sider’s tip to a major tourist destination. Portuguese airline. Aero Portuguesa, which sion, takes its name from the neighbouring 29 of the 35 European low-cost carriers was half-owned by Air France, was founded tion: Lourenço Marques, now called Maputo, small airline called CTA (Companhia de nonstop, thus significantly reducing the operate flights to Portugal, before the war and operated the capital of Mozambique. Transportes Aéreos). flight time required for the journey. In mostly to the main tourist flights to Tangier until it Even before the end of the 1940s, TAP The company soon required additional November 1955, a pair of Lockheed L-1049G locations such as Faro in It all began closed down in 1953. began running scheduled flights to Paris capital to maintain and further expand its Super Constellations were put into service the Algarve and Funchal. with two Douglas On 19 September 1946, and London with the new Douglas DC-4 enlarged network. So the government par- on the ‘imperial route’ to Mozambique. But the capital city, situated TAP commissioned two ‘Skymaster’ and extended the DC-3 route tially privatised TAP in 1953, thus securing However, the journey to Lourenço Marques in the centre of the country, DC-3s Douglas DC-3 Dakotas for network to include Seville. In 1948 the air- financial input from banks as well as from remained a long one, lasting 22 hours even is also a prime destination the 500-kilometre flight line also opened its first ticket office in companies in the transport and other indus- with what was the most advanced four- for travellers and an international hub. Plans from Lisbon to Madrid. As early as 31 Lisbon. It is interesting to note that the new tries. In the same year, the airline set up engine airliner at the time. Two years later, are already underway to build a new larger December of the same year, flight operations airline took the unusual step of establishing flights to Tangier and Casablanca in Morocco. TAP also used its ‘Super Connies’ for flights airport 50 kilometres north of Lisbon, near began on the world’s longest DC-3 route, a international connections before setting up For flights to southern Africa, TAP commis- to London and Paris. Ota. However, until it is ready to go opera- journey of 12,000 kilometres. A return flight domestic routes. It was not until 1947 that sioned its newly acquired Douglas C-54 In 1959 the airline decommissioned its tional around 2017, the current airport will took fifteen days, and the Dakotas made TAP took over the route from Lisbon to Skymasters, as these could cover greater DC-3s, so that by the beginning of the 1960s continue to be modernised and extended. twelve stopovers on the way to their destina- Oporto in the north of Portugal from a distances and were able to cross the Sahara the TAP fleet consisted of three Douglas DC-4s, A TAP Portugal Airbus A330-200 during take-off in Lisbon 28 Planet AeroSpace 2 | 2007 Planet AeroSpace 2 | 2007 29 AERONAUTICS TAP Air Portugal TAP previous aircraft types The following is a list of aircraft used by TAP in the course of its 62-year history: Douglas DC-3 Douglas DC-4 Douglas C-54 Skymaster DeHavilland Comet 4B Lockheed L-1049G Super Constellation Sud Aviation Caravelle VI-R Boeing 707-320B Boeing 747-200 Boeing 727-200 Lockheed L-1011/500 Tristar Boeing 737-300 wards, the 707 route from Lisbon to New York became operational. The classic four- Engine hall of the maintenance department at jet airliner was also temporarily used on the TAP Portugal ‘Friendship Flight’ route to Brazil, a service soon ended in 1967. After acquiring the three-engine Europe Jet 727 in March 1967, TAP became the TAP The fleet the 707 and acquired additional Boeing air- the Jumbo’s JT 9D engines itself, the only first European airline to own a fleet consist- craft of both types. In 1969, TAP launched European airline technically capable of doing so. ing solely of jet aircraft. Further destina- TAP now owns a fleet consisting entirely of Air- an air-taxi service called Transportes Aéreos In 1975, TAP was re-nationalised, and the tions to be added to the company’s flight bus aircraft, currently 48 in number. By 2015, Continentais (which closed down in 1985) fleet was supplemented with additional Boeing schedule that year included Zurich, Copen- the company’s A330s and A340s are to be re- and acquired a stake in the airline SATA, 727s. 1976 saw the launch of new services to hagen, Recife, Buenos Aires and Salisbury. placed by the A350 XWB. based in the Azores. In 1971 several new fa- Milan, Caracas in Venezuela, and Kinshasa in The airline also installed its first computer cilities were opened and commissioned. the African Congo. in the same year, introducing the use of A319-100 17 Among them were the airline’s new head- In the following year, TAP suffered the management programmes. A320-200 15 quarters as well as a new maintenance only major fatal accident in its history. It was From 1968 to 1975, TAP continued to A321-200 3 hangar and a training centre. on a rainy day at Funchal airport that a 727 expand, setting up routes to Amsterdam, One of the next destinations to be added shot off the end of the wet runway, killing 131 A310-300 6 From A check to D check: ‘TAP Maintenance & Frankfurt and Sao Paulo and opening a was Montreal in Canada. Then, in 1972, the passengers. This did not prevent the airline A330-200 3 Engineering’ has the know-how and resources maintenance hall for engine inspections. The first Boeing 747 joined the TAP fleet. From that from winning the Technical Management needed to handle a broad range of aircraft types airline also began operating simulators for A340-300 4 year on, the airline took charge of overhauling Award in Lyon in 1978. three DC-6s and five Lockheed Super Caravelle simulator shortly afterwards. In Constellations. This meant that TAP was still the same year, TAP ordered several Boeing a relatively small airline with a European 707s. These were delivered from 1965 on- market share of less than one percent. wards and were used on the route to Johan- From 1960 onwards, TAP also operated a nesburg, while the Caravelles flew between flight to Brazil, Portugal’s former colony. The Lisbon and Brussels. connection was established with the help of On 19 June 1964, 18 years after the first the Brazilian carrier Panair TAP flight, the airline wel- Tried and tested: the TAP Portugal A310-300 and was labelled the comed its one-millionth ‘Friendship Flight’. The first passenger on board, and set The start of the new Caravelles arrive up a new service to Funchal decade also marked the on Madeira along with dawn of a new era of jet air- in 1962 several other routes. The craft at TAP. Four Comet delivery of the first 707 in 4Bs were leased from British European Air- 1965 marked the beginning of a new era of ways (BEA) and placed in service on the jet aircraft truly capable of long-haul flights. route between Lisbon and London. In 1962, On 17 June, the TAP Boeing flew for the however, TAP switched to a small fleet of first time to Rio de Janeiro, a milestone in self-owned Caravelle jets which initially the history of the company. The aircraft flew between Lisbon and Madrid, and later touched down in Rio – exactly 43 years after also covered the new routes to Frankfurt and flight pioneers Cabral and Coutinho landed Munich.
Recommended publications
  • CORSIA Aeroplane Operator to State Attributions
    CORSIA Aeroplane Operator to State Attributions This is a preliminary version of the ICAO document “CORSIA Aeroplane Operator to State Attributions” that has been prepared to support the timely implementation of CORSIA from 1 January 2019. It contains aeroplane operators with international flights, and to which State they are attributed, based on information reported by States by 30 November 2018 in accordance with the Environmental Technical Manual (Doc 9501), Volume IV – Procedures for Demonstrating Compliance with the CORSIA, Chapter 3, Table 3-1. Terms used in the tables on the following pages are: • Aeroplane Operator Name is the full name of the aeroplane operator as reported by the State; • Attribution Method is one of three options as selected by the State: "ICAO Designator", "Air Operator Certificate" or "Place of Juridical Registration" in accordance with Annex 16 – Environmental Protection, Volume IV – Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), Part II, Chapter 1, 1.2.4; and • Identifier is associated with each Attribution Method as reported by the State: o If the Attribution Method is "ICAO Designator", the Identifier is the aeroplane operator's three-letter designator according to ICAO Doc 8585; o If the Attribution Method is "Air Operator Certificate", the Identifier is the number of the AOC (or equivalent) of the aeroplane operator; o If the Attribution Method is "Place of Juridical Registration", the Identifier is the name of the State where the aeroplane operator is registered as juridical person. Disclaimer: The designations employed and the presentation of the material presented herein do not imply the expression of any opinion whatsoever on the part of ICAO concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.
    [Show full text]
  • AF KL PPT Template Sales External
    VISIT USA 2019 AIR FRANCE / KLM / DELTA 1 VISIT USA 2019 AIR FRANCE / KLM / DELTA 2 WE CONNECT SWITZERLAND TO THE WORLD UP TO 38 FLIGHTS AND 5,000 SEATS FROM SWITZERLAND – EVERY DAY Daily flights from Zurich: • 5x CDG, 6x AMS, 1x JFK (A330) 1x ATL (seasonally) Daily flights from Basel/Mulhouse: • 3x CDG, 3x ORY, 4x AMS Daily flights from Geneva: • 9x CDG, 6x AMS … and connect to destinations around the world: more than 200 destinations on Air France, 160 on KLM and 320 on Delta Air France & KLM & Delta Air Lines (& Virgin Atlantic, Alitalia) Biggest Airline Joint venture from/to North Atlantic All Carriers are combinable To all destinstions to North Atlantic AND world wide AMS NYC ZRH BSL PAR GVA VIRGIN ATLANTIC JOINS AF KL DL TRANSATLANTIC JOINT VENTURE • DL hält 49%, AF KL halten 31% Anteile an Virgin Atlantic (VS) • AF / KL / DL / VS ist der grösste Airline-Verbund zwischen Europa und Nordatlantik • 300 tägliche Flüge von/zu 60 Destinationen zwischen Europa und Nordatlantik 5 CDG HUB ZRH / GVA BSL AMS HUB At JFK airport – T4 • SkyPriority® Services : • Exclusive check-in areas • Priority boarding and baggage delivery • Priority service at ticket/transfer desks • Accelerated security and passport clearance • Delta Sky Club® lounge: • New Sky Deck terrace with unprecedented runway views • Free Wi-Fi • Personalized flight assistance • Refreshments and snacks • Magazines and newspapers NEW DESTINATIONS & ROUTES RAPIDLY EXPANDING GLOBAL NETWORK New KLM destinations (from AMS): • Boston (as of MAR19) • Las Vegas (as of JUN19) New Air France
    [Show full text]
  • Miles Rates for Extra Baggage Items
    MILES RATES FOR EXTRA BAGGAGE ITEMS Miles rates for extra baggage items on flights operated by and marketed as air france, klm, hop! And joon (piece concept applicable)(1) 1st additional baggage item for Explorers on Light Fare (0PC): Domestic France: as of 3,000 Miles European network: as of 3,000 Miles Long haul network: as of 8,000 Miles Miles rates for additional baggage item (prices are per item) Domestic France: as of 8,000 Miles European network: as of 7,000 Miles Long haul network: as of 12,000 Miles MILES RATES FOR EXTRA BAGGAGE ITEMS ON FLIGHTS OPERATED BY AIRCALIN (PIECE CONCEPT APPLICABLE)(2) Rates for extra baggage items on Aircalin depend on the country you fly from and to. On all flights from Pacific 1, Pacific 2, and Asia 1 countries to Pacific 1, Pacific 2 or Asia 1 countries (flights from Asia 1 countries to Asia 1 countries are not applicable) ● 1st additional bag: 10,000 Miles(3) ● 2nd additional bag: 40,000 Miles Pacific 1 countries for Aircalin: New Caledonia, French Polynesia Pacific 2 countries for Aircalin: Australia, Fiji, Guam, Marianas Islands, Marshall Islands, Micronesia, New Zealand, Palau Islands, Wallis and Futuna Asia 1 countries for Aircalin: China, South Korea, Japan, Mongolia, East Russia (+ Siberia) MILES RATES FOR EXTRA BAGGAGE ITEMS ON FLIGHTS OPERATED BY KENYA AIRWAYS (PIECE CONCEPT APPLICABLE) Rates for extra baggage items on Kenya Airways depend on the country you fly from and to. From Africa 1 to Africa 1 ● 1st additional bag: 20,000 Miles ● 2nd and 3rd additional bag: 20,000 Miles From Africa
    [Show full text]
  • Customer Airlines Division
    Customer Airlines Division Partner of your ambition On the ground and in the sky Who are we? AIRFRANCE Customer Airline Handling Division (PACC), currently known as AIRFRANCE GROUND HANDLING, place its expertise at the service of airlines through an extensive range of airport hand- ling services. Key figures 160 Staff divided between Flight Operations (Ramp, Traffic and Passenger ops) and admin support functions (Commercial, Finance and Economy, Quality, Safety and Environment, Logistics and Calibration) work daily to provide airline handling for scheduled, charter, private and official flights 49 Customer airlines handled at Paris-Charles de Gaulle, Paris-Orly, in the French regions and the French Overseas Departments 16 Airports: CDG, ORY, FDF, RUN, AJA, BIA, BOD, LYS, 2,213 MRS, MPL, MLH, NTE, NCE, SXB, TLN, TLS Turnarounds on average per month in 2019 at CDG 42 Aircraft types handled: B747 ; B747 combi ; B777 ; B787 ; A380 ; A350 ; A340 ; A330 ; A330 Néo ; Fokker ; CRJ ; EJR ; ATR ; Beechcraft 186.3 Million euros in revenue in 2018, up 5.4% compared to 2017 1 Sole ambition - Achieve excellence in the area of handling! Our services – our expertise As both an airline and an airport handling supplier, AIRFRANCE GROUND HANDLING knows exactly the performance ambition and the operational constraints of the industry Operational Support Ramp Accommodation Department - Baggage loading/unloading 24/7 - Cargo handling Within the framework of handling operating irregularities, and in compliance with the application - Aircraft-related activities (cleaning, towing and parking handling, de-icing) of the AIRFRANCE policy described in the general procedures, and the contractual rules of the - Transport of passengers, flight crews and cargo between the terminal and aircraft airlines it assists, the AIRFRANCE Accommodation Department answers the requests intended for - Communication between aircraft and ramp operations agents the handling of the customers of assisted airlines.
    [Show full text]
  • The Best of Air France-KLM in Africa December 2014
    The best of Air France-KLM in Africa December 2014 1 Libreville AIRF_1310357 • MASTER Presse Mag UK AF/KLM Afrique • PP • 210 x 297 mm • Visuel : Réseau Afrique ILG • BAG ENJOY THE ENTIRE WORLD DEPARTING FROM AFRICA Thanks to the partnership between AIR FRANCE and KLM along with our SkyTeam partners, we offer one of the largest networks giving you access to over 1000 destinations. AIRF_1310357_AF_KLM_Afrique_UK_210x297_PM_CS3.indd 1 20/11/13 14:14 In Africa, the Air France-KLM Group aims to meet its customers’ expectations by offering them the best of its products and services. NEW TRAVEL CABINS ON BOARD On 4 December 2014, Air France unveils all its new long-haul cabins in Africa for the first time during a special flight from Paris-Charles de Gaulle to Libreville (Gabon). African customers will be able to enjoy a designer suite in La Première or make themselves comfortable in a private cocoon in the sky in Business class. They will also discover the new Premium Economy class, offering 40% more space and the new Economy class, offering optimum travel comfort. As from spring 2015, Libreville as well as Douala (Cameroon) and Malabo (Equatorial Guinea) will be regularly served by Boeing 777 equipped with the Company’s new cabins. Moreover, KLM now offers its new World Business Class to Africa, on flights operated by Boeing 747- 400 between Amsterdam-Schiphol and Nairobi (Kenya). NEW ON THE AIR FRANCE-KLM NETWORK IN AFRICA Since 26 October 2014, Air France has been serving Abidjan by A380, the largest superjumbo in its fleet, with three weekly frequencies.
    [Show full text]
  • 14 Bids Emerge for Stricken French Airline, but None 'Feasible' 10 September 2019, by Vanessa Carronnier
    14 bids emerge for stricken French airline, but none 'feasible' 10 September 2019, by Vanessa Carronnier EasyJet confirmed in had lodged a bid, as has fellow low-cost operator Vueling, union sources said. The Dubreuil group, which owns Air Caraibes, told AFP it had made a bid, as has Lionel Guerin, the former CEO of Air France's low-cost subsidiary Hop. "Obviously there are two main activities: the long- haul flights, which would interest Air Caraibes, and then the core France-Algeria and France-Maghreb operations, which would interest candidates like Air France," France's secretary of state for transport, Jean-Baptiste Djebbari, told France Info radio on Aigle Azur employees rallied outside the French Monday. Transport Ministry in Paris on Monday, urging the government to help safeguard their jobs Aigle Azur operates 11 planes but unions say potential suitors are likely to be most interested in its landing slots at Paris Orly, the city's second- biggest airport, after Charles de Gaulle. France's Aigle Azur airline has received 14 takeover bids as it seeks to stave off a collapse Aigle Azur transported last year some 1.9 million that would put its 1,150 employees out of work, but passengers, with destinations in Algeria making up it said all would have to be improved because they half of its operations that brought in 300 million aren't "feasible" for now. euros ($329 million) of revenue. "These takeover offers for the company all need to © 2019 AFP be refined and are not feasible in their current form," the company said late Monday.
    [Show full text]
  • European Airline Bailout Tracker Reflects the Most up to Date Public Information Available at the Time It Was Published on June 9, 2021
    Airline Bailout Tracker This European airline bailout tracker reflects the most up to date public information available at the time it was published on June 9, 2021. Financial data based on research by Profundo. Company Bailout amount Financial results Sources Amount Binding Net profits (mln €) Dividends + share buybacks (mln €) 2018 Airline/ Amount (mln €) - climate Country of Passen subsidiarie (mln €) - Under Status conditions Type Details registration gers 2019 2018 2017 2016 2015 Total 2019 2018 2017 2016 2015 Total (mln) s Agreed discussi Private on dividend ban Guardian, 6 April An initial government loan of GBP 2020 600m (ca €670m) was provided at No Reuters, 11 EasyJet UK 88.5 EasyJet 2240 Agreed Loan the start of the crisis, followed with a 393 402 246 505 742 2288 214 281 195 272 421 1383 dividends January 2021 government backed loan of GBP 1,4 bn (ca €1,570m) in January 2021. One-quarter of Norway’s rescue package for airlines (loan guarantee e24, 20 April Regional Regional Loan of NOK 6 billion ($549 million)) will 2020 Norway 121 Agreed No condition - - - - - - - - - - - - carriers carriers guarantee be divided between Widerøe, which Aeronautics, 20 offers key regional service, and other March 2020 small regional airline operators. Total pot of €455m has been made available to all airlines registered in Sweden. SAS has been loaned €137m and that has been deducted Euractiv, 13 April All airlines All airlines Loan from this amount and included in the 2020 operating in Sweden operating 318 Agreed No condition - - - - - - - - - - - - guarantee overall support provided to SAS by Finans, 17 March Sweden in Sweden Sweden and other countries, detailed 2020 the row below.
    [Show full text]
  • Abelag Aviation Aigle Azur Transports Aeriens Air
    COMITÉ DE COORDINATION DES AÉROPORTS FRANÇAIS FRENCH AIRPORTS COORDINATION COMMITTEE Membres au 1er septembre 2016 Members on September 1st 2016 Transporteurs aériens - Air carriers : AAF ABELAG AVIATION AAL AIGLE AZUR TRANSPORTS AERIENS AAR AIR ATLANTIQUE ABW AMERICAN AIRLINES ACA AMSTERDAM AIRLINES ADR ASIANA AIRLINES AEA AFRIQIYAH AIRWAYS AEE AIR ATLANTA ICELANDIC AFL AIR CONTRACTORS LTD AFR AIRBRIDGE CARGO AHY ABX AIR AIC AIR ARABIA AIZ AIR CANADA ALK AIR ORIENT AMC ITALI AIRLINES AMX ANTONOV AIRLINES ANA AIR ONE ANE ALYZIA ASSISTANCE ADP ASL ADRIA AIRWAYS AUA AIR EUROPA AUI AEGEAN AIRLINES AZA AIR ITALY POLSKA BAW STEVE TEST TO KEEP BCS ASTRAEUS BEE AEROSVIT AIRLINES BEL AIR ITALY BER AIR FRANCE HANDLING BIE AEROFLOT RUSSIAN AIRLINES BMR AIR FRANCE BMS AZERBAIJAN AIRLINES BOS AVIES BRU AIRBUS INDUSTRIE BTI AIR INDIA CAI AIR GABON INTERNATIONAL CAJ ARKIA ISRAELI AIRLINES CCA YAK SERVICE AIRLINES CCM SRILANKAN AIRLINES CES HEWA BORA CFE ALYSAIR aviation generale CHH AIR MALTA CLG AMERICAN TRANSAIR CPA AMC AVIATION CRC AEROMEXICO CRL ALL NIPPON AIRWAYS CSA AIR NOSTRUM CSN AIR NIGERIA CTN YANAIR CUB AIR NEW ZEALAND DAH AEOLIAN AIRLINES DAL CODE ASSISTANT AVIAPARTNER DJT ARIK INTERNATIONAL DLH ATA AEROCONDOR DTH AEROLINEAS ARGENTINAS EIN AIR ARMENIA ELL SMARTLYNX ITALIA ELY ARAVCO LTD ETD AirSERBIA ETH AVANTI AIR EVA AUSTRIAN AIRLINES EWG AUGSBURG AIRWAYS EZE UKRAINE INTL AIRLINES EZS AURIGNY AIR SERVICES EZY TITAN AIRWAYS FDX US AIRWAYS FHY AIR INDIA EXPRESS FIN AIR EXPLORE FPO ATLANT-SOYUZ FWI ALITALIA GFA ARCUS AIR GMI ASTRA AIRLINES
    [Show full text]
  • DEN Welcomes Air France with Nonstop Service to Paris
    Denver International Airport media contact [email protected] 24/hr. Media Line: 720-583-5758 Air France media contact Arturo Diaz: [email protected] FOR IMMEDIATE RELEASE Denver International Airport Welcomes Air France with Nonstop Flights to Paris Air France becomes first SkyTeam Alliance member to provide transatlantic service at DEN DENVER – April 15, 2021 – Today Air France announced new service between Denver International Airport (DEN) and Paris-Charles De Gaulle (CDG) beginning July 2, 2021. Flights are scheduled to operate three days per week onboard a Boeing 787-9 aircraft. This will be the first-ever service by Air France to DEN. “These new flights directly reflect the work we have done to position Denver as a global city,” said Denver Mayor Michael B. Hancock, “With nonstop service to Paris, Air France is supporting our economic recovery with jobs and an investment in our region’s tourism and hospitality industry. It is tremendous news.” In July Air France will become the 24th airline to serve DEN and will join SkyTeam Alliance members Delta and Aeromexico at DEN. The Air France DEN-CDG service will mark the first time a SkyTeam Alliance carrier will connect Denver nonstop with Europe. The new flights, scheduled to operate through Oct. 29, are estimated to generate between $12 - $20 million in annual economic impact to Colorado’s economy, and create up to 150 new jobs. “We know people everywhere are eager to travel safely, and Air France is just as eager to provide them the opportunity to travel the world,” said Stéphane Ormand, Vice President and General Manager, USA for Air France KLM.
    [Show full text]
  • Air France-KLM Announces a Plan of Capital-Strengthening Measures
    Roissy, 6 April 2021 Air France-KLM announces a plan of capital-strengthening measures with the objective of strengthening its balance sheet, preparing the recovery and repositioning the Group on a sustainable financial trajectory Air France-KLM (“the Group”) announces the following measures in relation to Air France, which have been approved by the European Commission in its decision to authorize a €4 billion French State measures to recapitalise Air France and its Holding company: A capital increase for an amount up to €1 billion, with a priority subscription period for shareholders, subject to market conditions and the prior approval on the prospectus by the Autorité des marchés financiers (the “AMF”) and, Simultaneously, conversion of the €3 billion French State direct loan drawn into perpetual hybrid bonds instrument. The Dutch State is continuing discussions with the European Commission regarding potential capital-strengthening measures for KLM. Additional measures to further strengthen the Group’s capital are currently under consideration, with several steps to be taken before the 2022 Annual General Meeting. On April 5 the Air France-KLM Group’s Board of Directors approved a plan to start the restoration of the Group's negative equity and further reinforce its cash position: Capital increase with priority subscription period for shareholders - The Group intends to launch a capital increase subject to market conditions and the approval on the prospectus by the AMF. - This capital increase will be launched without preferential subscription rights but with a priority period for the shareholders, within the limits of the nineteenth resolution approved at the Annual General Meeting on May 26, 2020, allowing existing shareholders to not be diluted, by subscribing shares during the priority period up to their stake in Air France-KLM’s share capital.
    [Show full text]
  • Bio-Fuel Alternatives in South African Airways (SAA) Operations - Is It an Effective Response to Vulnerability Over Carbon Taxes and Penalty?
    International Journal of Aviation, Aeronautics, and Aerospace Volume 2 Issue 3 Article 2 7-7-2015 Bio-Fuel Alternatives in South African Airways (SAA) Operations - Is it an Effective Response to Vulnerability over Carbon Taxes and Penalty? Daniel Kwasi Adjekum University of North Dakota, [email protected] Follow this and additional works at: https://commons.erau.edu/ijaaa Part of the Aerospace Engineering Commons, Atmospheric Sciences Commons, Business Administration, Management, and Operations Commons, Management and Operations Commons, Meteorology Commons, Operations and Supply Chain Management Commons, and the Technology and Innovation Commons Scholarly Commons Citation Adjekum, D. K. (2015). Bio-Fuel Alternatives in South African Airways (SAA) Operations - Is it an Effective Response to Vulnerability over Carbon Taxes and Penalty?. International Journal of Aviation, Aeronautics, and Aerospace, 2(3). Retrieved from https://commons.erau.edu/ijaaa/vol2/iss3/2 This Article is brought to you for free and open access by the Journals at Scholarly Commons. It has been accepted for inclusion in International Journal of Aviation, Aeronautics, and Aerospace by an authorized administrator of Scholarly Commons. For more information, please contact [email protected]. Bio-Fuel Alternatives in South African Airways (SAA) Operations - Is it an Effective Response to Vulnerability over Carbon Taxes and Penalty? Cover Page Footnote Faculty of the Aviation Department of University of North Dakota International Civil Aviation Organization , EU/EMEP and South African Airways Flight Operations Department. This article is available in International Journal of Aviation, Aeronautics, and Aerospace: https://commons.erau.edu/ ijaaa/vol2/iss3/2 Adjekum: Bio-Fuel Alternatives in South African Airways (SAA) Operations The global aviation industry aims to achieve carbon neutral growth by 2020 and eventually reduce carbon dioxide (CO2) emissions by 50% relative to 2005 levels by 2050 (ATAG, 2011).
    [Show full text]
  • Anuário Da Aviação Civil Civil Aviation Yearbook 2016
    ANUÁRIO DA AVIAÇÃO CIVIL CIVIL AVIATION YEARBOOK 2016 1 2 > ANUÁRIO DA AVIAÇÃO CIVIL 2015 / CIVIL AVIATION YEARBOOK 2016 > ÍNDICE / CONTENTS Síntese / Summary 15 Métodos e Fontes / Methods and Sources 23 I – O Setor da Aviação Civil / Civil Aviation Framework 31 1.1. Empresas / organizações Licenciadas, Certificadas e Aprovadas pela ANAC e outros 31 “Stakeholders” / Companies/Organizations licensed, certified and approves by ANAC and other Stakeholders 1.2. Principais Indicadores das Empresas Licenciadas e Certificadas pela ANAC / Main Indicators 33 of Companies / Organizations Licensed and Certified by ANAC 1.3. Composição do Setor em termos de Volume de Vendas, Emprego, Valor Acrescentado e 34 Investimentos / Sector composition in terms of Sales and Services, Employment, Gross Value Added and Investment 1.4. Comércio Externo das Empresas Licenciadas e Certificadas pela ANAC / External Trade of 35 Companies Licensed and certified by ANAC 1.5. Peso das principais Empresas Licenciadas e Certificadas pela ANAC / Representativeness 36 of the Major Companies licensed and certified by ANAC II – Indicadores de Síntese das Empresas Licenciadas/Certificadas / Licensed/Certified 41 Companies Summary Indicators 2.1. Emprego / Employment 41 2.2. Volume de Negócios / Sales and Services 43 2.3. Proveitos Operacionais / Operating Income 45 2.4. Valor Acrescentado Bruto / Gross Value Added 47 2.5. Resultados Líquidos / Net Profits 49 2.6. Investimento Bruto / Gross Investment 51 III – Companhias Aéreas Nacionais / Air National Carriers 55 3.1. Pessoal ao Serviço / Personnel 55 3.2. Combustível / Fuel 56 3.3. Receitas / Revenue 57 3.4. Indicadores de Tráfego / Traffic Indicators 59 3.5. Qualidade do Serviço prestado ao Passageiro / Quality of Service provided to passanger 61 3.5.1 Atrasos / Delays 3.5.2 Reclamações de Passageiros / Passenger Complaints IV – Aeronaves Registadas em Portugal / Aircraft Registred in Portugal 67 4.1.
    [Show full text]