DOCSLIB.ORG

Aviation & Aerospace

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Aviation & Aerospace AVIATION & AEROSPACE 39 Essex Chambers’ aviation and aerospace private individuals and objector groups. group includes leading experts who advise The aviation and aerospace group’s members and represent clients on issues across the have represented clients in commercial and aviation and aerospace sector in the UK and construction law disputes, judicial review internationally. This includes the planning and challenges, civil liability and AAIB investigations development of airports, heliports and aviation and inquiries, and regularly appear in the High related infrastructure, environmental, commercial, Court and Court of Appeal, public inquiries, construction, civil liability and regulatory disputes, DCO inquiries and before Parliamentary Bill advice on compulsory purchase, surface access, Committees, as well as appearing in dispute noise and emission controls, AAIB inquiries and resolution hearings and arbitrations in the UK and air accidents, air traffic services, the effects of internationally in particular in the Middle East and wind turbines on radar and ATC, lease finance, Asia as mediators, arbitrators and counsel. airport, aircraft, pilot and crew licensing, engineering and management, taxation, aircraft Chambers is unique in the UK in being able to leasing and sales, passenger claims, cases offer, within one set, expertise in all aspects of involving UK and foreign governments, ICAO, aviation and aerospace matters that are likely to EASA and the CAA, competition, European and arise within civil law. international law. DAVID BARNES Members act for the full range of clients in Chief Executive and Director of Clerking the aviation and aerospace sector including Email [email protected] international airlines, operators of private, Direct +44 (0)20 7832 1115 domestic, regional and international airports Mobile +44 (0)7979 850 434 varying in size from major UK airports to private farm strips and helipads, passenger carriers MICHAEL KAPLAN and freight forwarders, owners of single aircraft Senior Clerk and fleets of aircraft, leasing companies, flight Email [email protected] training schools, business aviation operators, Direct +44 (0)20 7634 9076 aviation industry representative bodies, aero Mobile +44 (0)7775 997 230 engine manufacturers and suppliers, aircraft and aerospace manufacturers and engineering ALASTAIR DAVIDSON companies, the UK Civil Aviation Authority, Senior Clerk Department of Transport, Ministry of Defence, Email [email protected] Treasury, Home Office and Border Control, other Direct +44 (0)20 7832 1181 public bodies and local authorities, as well as Mobile +44 (0)7736 154 109 AVIATION & AEROSPACE Page 2 NEIL BLOCK qc MATTHEW HORTON qc (Call 1980, Silk 2002) (Call 1969, Silk 1989) Neil has acted in various Matthew has acted for and claims arising out of against various aviation aviation accidents in proposals concerning which there have been fixed wing and other catastrophic injuries or general aviation (business fatalities. Most recently he has been retained and flying training) proposals e.g. Turweston; to advise on liability and insurance issues in Bournemouth; Bristol; West Malling; Cannon relation to a high profile helicopter crash. He has Street Heliport. He also acted in a High Court also acted in claims arising out of light aircraft, challenge to the government’s decision to allow hangliding and parachuting accidents. expansion of London Ashford Airport next to Dungeness Nuclear Power Station. JOHN TACKABERRY qc (Call 1967, Silk 1982) BRIAN ASH qc (Call 1975, Silk 1990) During his career at the Bar, John undertook a The main areas of Brian’s large range of work before practice are in the field specialising as a silk of planning, compulsory initially in arbitration but purchase and highway law; subsequently including work in other capacities together with the broad – for example as a member of the Chartered range of environmental, public law and judicial Institute of Arbitrators Governance Tribunal. review cases, appearing in the Lands Tribunal, As well as work in the UK, he has a great deal of the High Court, Court of Appeal and House expertise in international disputes throughout of Lords. Brian has appeared at a substantial Europe, the USA, The Middle East, the West number and variety of planning inquiries relating Indies, Africa, Hong Kong, Singapore, Malaysia, to airports including; Stansted T4, Heathrow India and South America. He is a member of, T5, London Heliport, numerous regional or local or has been admitted to the Bars of California, airport aviation and other proposals. Ireland, Hong Kong (ad hoc), Malaysia (ad hoc) and New South Wales and has been heavily involved in ICC arbitrations. He sat as a recorder for 17 years and was appointed to the United Nations Compensation Commission for a five year term as chair of a construction panel. He has been appointed to panels resolving aircraft licensing disputes, and maintenance and construction disputes. He has written and contributed widely, including in particular as Principal Editor of Bernstein’s Handbook of Arbitration and Dispute Resolution Practice. He principally undertakes work as an arbitrator, dispute board resolver, and adjudicator. AVIATION & AEROSPACE Page 3 JOHN STEEL qc HODGE MALEK qc (Call 1978, Silk 1993) (Call 1983, Silk 1999) John’s practice has been Hodge specialises in the concerned with aviation litigation and arbitration and aerospace for over 25 of complex commercial years. This has involved disputes, including within the UK government, CAA, the finance, energy, NATS, airports, airlines, pilots and operators in all infrastructure and insurance sectors. Hodge aspects of Aviation Law, aerospace and airport has a broad range of experience in aviation law. development. John is a fellow of the Royal He also sits as the Chairman of the Competition Aeronautical Society, honorary legal adviser to Appeal Tribunal and recently handed down The Air League, and a qualified instrument rated the decision in Ryanair Holdings v CMA and pilot. John is currently representing various Aer Lingus [2015] CAT 14. Hodge has acted or airports in a Judicial Review challenge of the advised in recent aviation disputes, including: MOD, Secretary of State for Transport and the • Acting for an Pakistani airline company in the CAA concerning use by civil aircraft of Northolt BVI in a ownership dispute. Airport. • Advising British Airways on its operations (including licensing and ticketing issues) in the Middle East. • Acting for Mahan Air in Mahan Air v Blue Sky One in relation to an ownership dispute over WILLIAM NORRIS qc six aircrafts and issues of sanctions. (Call 1974, Silk 1997) William has a specialist practice in environment and planning law, particularly PETER VILLAGE qc relating to wind farms, (Call 1983, Silk 2002) and judicial review in relation to environmental cases. William’s recent Peter is very experienced aviation experience involves issues of liability in aviation matters, having and damages, one arising out of the crash of a acted for the successful corporate jet in the Middle East and the other promoters of Robin Hood the crash of a light aircraft in Southern England. Airport, Doncaster. He William also has a great deal of experience of the also acted for TUI in its successful defence impact of wind turbines on Air Traffic Control and of enforcement proceedings relating to the Airport radar and Ministry of Defence interests operation of Coventry Airport. And, more recently, (Clyde, Ray, Fauch Hill Inquiries). he acted for London Ashford Airport in its proposals to lengthen the runway and introduce commercial passenger operations. AVIATION & AEROSPACE Page 4 ADRIAN HUGHES qc THOMAS HILL qc (Call 1984, Silk 2006) (Call 1988, Silk 2009) Adrian’s practice focuses Tom has been advising on construction and on all aspects of airport commercial law both related development for domestically and in over 25 years. He is the only international arbitration. practising Member of the Having served in the Royal Navy, his practice Bar of England and Wales to have advised on includes defence related work and typical the promotion of a new full length runway in the aviation related cases have included disputes UK from inception to completion (Manchester arising from contracts for the design and Airport’s Second Runway). supply of flight simulators and a fighter pilot training centrifuge to the Ministry of Defence. His commercial work includes aircraft leasing work and service agreements between airlines and airports within the UK. He is a recent past SEAN WILKEN qc Chairman of the United Kingdom Society of (Call 1991, Silk 2010) Construction Law and his construction practice has involved a variety of work arising from Sean has detailed international airport construction projects. He experience resolving or sits regularly as arbitrator and mediator for litigating disputes in the international disputes and chairs and sits on commercial, financial, Dispute Boards for international construction energy, infrastructure, and infrastructure projects. Most recently he insurance and construction sectors. Sean’s successfully mediated a dispute arising from the recent aviation experience includes: construction of a new airport in the Caribbean. • Airport slot allocation disputes. • Aircraft manufacturing and maintenance disputes. • Judicial reviews over airline licences. • EU competition issues. CHARLES MANZONI qc • Airline anti-terrorism and security issues. (Call 1988, Silk 2009) Charlie’s practice involves mainly international
Load more

Recommended publications
  • Neil Cloughley, Managing Director, Faradair Aerospace
    Introduction to Faradair® Linking cities via Hybrid flight ® faradair Neil Cloughley Founder & Managing Director Faradair Aerospace Limited • In the next 15 years it is forecast that 60% of the Worlds population will ® live in cities • Land based transportation networks are already at capacity with rising prices • The next transportation revolution faradair will operate in the skies – it has to! However THREE problems MUST be solved to enable this market; • Noise • Cost of Operations • Emissions But don’t we have aircraft already? A2B Airways, AB Airlines, Aberdeen Airways, Aberdeen Airways, Aberdeen London Express, ACE Freighters, ACE Scotland, Air 2000, Air Anglia, Air Atlanta Europe, Air Belfast, Air Bridge Carriers, Air Bristol, Air Caledonian, Air Cavrel, Air Charter, Air Commerce, Air Commuter, Air Contractors, Air Condor, Air Contractors, Air Cordial, Air Couriers, Air Ecosse, Air Enterprises, Air Europe, Air Europe Express, Air Faisal, Air Ferry, Air Foyle HeavyLift, Air Freight, Air Gregory, Air International (airlines) Air Kent, Air Kilroe, Air Kruise, Air Links, Air Luton, Air Manchester, Air Safaris, Air Sarnia, Air Scandic, Air Scotland, Air Southwest, Air Sylhet, Air Transport Charter, AirUK, Air UK Leisure, Air Ulster, Air Wales, Aircraft Transport and Travel, Airflight, Airspan Travel, Airtours, Airfreight Express, Airways International, Airwork Limited, Airworld Alderney, Air Ferries, Alidair, All Cargo, All Leisure, Allied Airways, Alpha One Airways, Ambassador Airways, Amber Airways, Amberair, Anglo Cargo, Aquila Airways,
    [Show full text]
  • Skyways Jan & Feb 07 Edition
    Skyways Jan & Feb 07 Edition f l y u k va.com welcome to skyways Fly UK is one of the UK’s leading Virtual Airlines in this edition... (VA’s). It is our goal to maintain a realistic VA operation whilst making sure our members are Fly UK - Introduction/History completely at home. Fly UK has an ever expanding number of pilots, and the number of Pilot reports Staff Profile - Adam Hillier filed a day ever grows. Now that winter is here, we expect this to be a busy time for Fly UK as more Aircraft Profile - Airbus A320 people are flying now its too cold to do other things, hence why we are taking the time now to update Destination – Lisbon our fleet and some other systems, so that Fly UK pi- lots can make the most of this winter and carry on Website and Systems being as active as they are. Staff Team Since our last edition of Skyways in November 06, a lot has happened at Fly UK. There have been a Fleet Update number of changes involving the website and the systems in which Fly UK runs off. There has been Chopper Division staffing changes, and as some of you may be aware, flyuno.com has now joined onto Fly UK and has Marketing Statement taken over the Fly2 low cost operations of Fly UK. The new Highflyer Forum is now operational, and Human Resources brings the community within Fly UK even closer to- gether. Operations We hope you enjoy this edition of Skyways and hope Events at Fly UK you all had a good Christmas and New Year.
    [Show full text]
  • June 2005 AF/KL: the First Year He French and the Dutch Have Shown Solidarity in Roundly Reject- CONTENTS Ting the European Constitution
    Aviation Strategy Issue No: 92 June 2005 AF/KL: the first year he French and the Dutch have shown solidarity in roundly reject- CONTENTS Ting the European Constitution. So how are they doing on the Air France/KLM merger? Analysis The official answer is that the first year has been " a complete success", with over-achievement on synergies, hub coordination and cost-cutting. Financial results for the year to March 31 2005 Air France/KLM: the showed a significant improvement on last year, but profitability was first year’s results 1 still modest - a net profit margin of 1.8% compared to 3.2% at BA or 20% at Ryanair. Special Analysis Moreover, year-on-year comparisons remain confusing because of the accounting consolidation process - different periods for Air European charter airlines: France, KLM and the Servair subsidiary, for example. Rather Adapting to a strangely, KLM followed up on the merged results with separate fig- ures for the KLM Group, which revealed an increase in net profit of declining market €67m to €91m in 2004/05 while KLM/AF combined showed an increase of only €59m to €351m. • Industry structural changes Synergies achieved last year amounted to €115m, roughly twice • The UK market expectations, but again it is unclear as to what exactly these syner- • The German market gies refer to or even if they are cost or revenue synergies. Unit cost per ASK didn't change at all between 2004 and 2005, though AF/KL • The future management claim that, taking into account fuel and currency 2-9 effects, a 2.3% decrease in unit costs can be estimated.
    [Show full text]
  • TUI Travel PLC Fundamental Company Report Including
    +44 20 8123 2220 [email protected] TUI Travel PLC Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis https://marketpublishers.com/r/T21C3F51901BEN.html Date: September 2021 Pages: 50 Price: US$ 499.00 (Single User License) ID: T21C3F51901BEN Abstracts TUI Travel PLC Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between TUI Travel PLC and its competitors. This provides our Clients with a clear understanding of TUI Travel PLC position in the Restaurants and Leisure Industry. The report contains detailed information about TUI Travel PLC that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history. Another part of the report is a SWOT-analysis carried out for TUI Travel PLC. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it. The TUI Travel PLC financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long- TUI Travel PLC Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis +44 20 8123 2220 [email protected] term solvency.
    [Show full text]
  • 13676 Genaviation Text
    2008 corp list rough 2:2007 corp list 18/3/08 14:47 Page 41 AAOOPPAA WHERE TO FLY GUIDE & CORPORATE MEMBER LISTING BUCKINGHAMSHIRE CAMBRIDGESHIRE CORNWALL British Airways Flying Club Flying Club Conington Cornwall Flying Club Ltd Wycombe Air Park Peterborough Bodmin Airfield Booker, Marlow Peterborough Business Airfield Cardinham Buckinghamshire SL7 3DP Holme Bodmin Tel: 01494 529262 Peterborough PE7 3PX Cornwall PL30 4BU Fax: 01494 461237 Tel: 01487 834161 Tel: 01208 821419/463 BEDFORDSHIRE Email: [email protected] Fax: 01487 834246 Fax: 01208 821711 Bedfordshire School of Flying Website: www.bafc.co.uk Email: [email protected] Email: [email protected] Cranfield Airfield Website: www.flying-club-conington.co.uk Website: www.cornwallflyingclub.com Piper Dakota 1 Cranfield Cessna 152 3 Piper Warrior 7 Cessna 152 2 Bedfordshire MK43 0AL Cessna 152 Aerobat 1 DHC1 Chipmunk 1 Cessna 172 1 Tel: 01234 752817 Piper PA28-161 1 PPL, NPPL, Radio Nav, IMC, Night, Robin 2160 1 Fax: 01234 752809 Piper PA28-201 1 Aerobatics, Tailwheel, Instructor, Multi Email: [email protected] Beech 76 Duchess 1 Cornish Flying and Gliding Club Website: www.cabairflyingschools.com (on request) DH Chipmunk Mk.22 1 Perranporth Airfield PL/NPPL, R/T ‘Safety Pilot’, Night, Denham School of Flying P Higher Trevellas Diamond DA 40 15 IMC, MEP. AOPA Aerobatic Certificate Robinson R22 1 Denham Aerodrome St Agnes Denham Cambridge Aero Club Cornwall Uxbridge UB9 5DE TR5 0X5 Cabair College of Air Training Cambridge Tel: 01895 833327 Tel: 01872 552266 Cranfield
    [Show full text]
  • Air Transport: Quarterly Report No.17
    ATR launched upgraded versions of the ATR42 and 72, namely the -600 series with updated avionics among other changes. This is on the back of the buoyancy in the turboprop market seen over the last couple of years - represented above by ATR 42 500 series operated by Contact Air, a member of Lufhansa Regional. AIR TRANSPORT: QUARTERLY REPORT NO.17 4th QUARTER 2007 (October to December) 1 OVERVIEW..................................................................................................................................2 2. HIGHLIGHTS AND KEY DEVELOPMENTS.........................................................................3 2.1 REGULATORY.........................................................................................................................3 2.2 AIRLINES................................................................................................................................4 2.3 AIRPORTS.............................................................................................................................12 2.4 SAFETY AND SECURITY ........................................................................................................15 2.5 ATM....................................................................................................................................16 2.6 MANUFACTURERS ................................................................................................................16 2.7 THE ENVIRONMENT ..............................................................................................................18
    [Show full text]
  • Air Transport: Annual Report 2005
    ANALYSIS OF THE EU AIR TRANSPORT INDUSTRY Final Report 2005 Contract no: TREN/05/MD/S07.52077 by Cranfield University Department of Air Transport Analysis of the EU Air Transport Industry, 2005 1 CONTENTS 1 AIR TRANSPORT INDUSTRY OVERVIEW......................................................................................11 2 REGULATORY DEVELOPMENTS.....................................................................................................19 3 CAPACITY ............................................................................................................................................25 4. AIR TRAFFIC........................................................................................................................................36 5. AIRLINE FINANCIAL PERFORMANCE............................................................................................54 6. AIRPORTS.............................................................................................................................................85 7 AIR TRAFFIC CONTROL ..................................................................................................................102 8. THE ENVIRONMENT ........................................................................................................................110 9 CONSUMER ISSUES..........................................................................................................................117 10 AIRLINE ALLIANCES .......................................................................................................................124
    [Show full text]
  • February 2008
    Aviation Strategy Issue No: 124 Jan/Feb 2008 Perfect storm or squalls? ith over 7,000 narrowbodies and widebodies on order, the man- CONTENTS Wufacturing backlog has reached epic proportions. At the same time airline economic prospects appear to be deteriorating and the Analysis subprime crisis is filtering throughout the global financial structure. This may not represent the "perfect storm" that Michael O'Leary of Ryanair has predicted, but it does presage some violent squalls. Global backlogs 1 The European LCC sector, which accounts for most of narrowbody backlog, is going to go through an interesting phase. Ryanair has left itself exposed to continued high fuel prices through not having hedged Consolidation of - in contrast to easyJet. Some of the smaller newcomers have more Europe’s charter industry fundamental problems - Vueling and SkyEurope appear to have failed to find a sustainable operating model and their attempts to expand • The integration of the TUI beyond their base airports - Barcelona and Bratislava/Budapest - have Travel Group and the evolution proved to be very cash-draining. of TuiFly Indian LCCs have transformed the domestic market - from 14m passengers five years ago to over 40m in 2007 - but multi-LCC com- • Other specialist petition on the main routes is just unsustainable (LCCs in Europe European charter airlines avoided direct competition in their developmental stages and even 2-8 today avoid it wherever possible). There is a possibility that some of the Indian airline backlog will be used for leasing ventures. The leasing companies themselves have some worries. Financing Briefing through securitisation products is becoming more difficult as lenders begin to worry about the underlying credit risk of the airline customers Southwest Airlines: and the accuracy of residual aircraft value predictions.
    [Show full text]
  • An Airline Evaluation of the Facilitation Skills Assessment Tool [FSAT] As a Device for Training and Assessing Facilitators
    Wright State University CORE Scholar International Symposium on Aviation International Symposium on Aviation Psychology - 2007 Psychology 2007 An Airline Evaluation of the Facilitation Skills Assessment Tool [FSAT] as a Device for Training and Assessing Facilitators MaryJo O. Smith Ph.D. Guy M. Smith Ed.D. Captain Colin Budenberg Captain John Willats Captain Pete Griffiths Follow this and additional works at: https://corescholar.libraries.wright.edu/isap_2007 Part of the Other Psychiatry and Psychology Commons Repository Citation Smith, M. O., Smith, G. M., Budenberg, C., Willats, C., & Griffiths, C. (2007). An Airlinev E aluation of the Facilitation Skills Assessment Tool [FSAT] as a Device for Training and Assessing Facilitators. 2007 International Symposium on Aviation Psychology, 664-669. https://corescholar.libraries.wright.edu/isap_2007/22 This Article is brought to you for free and open access by the International Symposium on Aviation Psychology at CORE Scholar. It has been accepted for inclusion in International Symposium on Aviation Psychology - 2007 by an authorized administrator of CORE Scholar. For more information, please contact [email protected]. AN AIRLINE EVALUATION OF THE FACILITATION SKILLS ASSESSMENT TOOL [FSAT] AS A DEVICE FOR TRAINING AND ASSESSING FACILITATORS MaryJo O. Smith, Ph.D. Ypsilon Associates Lakeville, MN, USA Guy M. Smith, Ed.D. Embry-Riddle Aeronautical University Worldwide Daytona Beach, FL, USA Captain Colin Budenberg Thomsonfly (formerly Britannia Airways) Buxton, England, UK Captain John Willats British Airways / EasyJet Basingstoke, England, UK Captain Pete Griffiths UK Civil Aviation Authority West Sussex, England, UK Researchers and airline practitioners from the USA and UK collaborated in a four-year project to develop the Facilitation Skills Assessment Tool (FSAT), an instrument to assess the skills of an airline facilitator.
    [Show full text]
  • This Item Was Submitted to Loughborough's Institutional
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Loughborough University Institutional Repository This item was submitted to Loughborough’s Institutional Repository (https://dspace.lboro.ac.uk/) by the author and is made available under the following Creative Commons Licence conditions. For the full text of this licence, please go to: http://creativecommons.org/licenses/by-nc-nd/2.5/ Grounded: Characterising the market exit of European low cost carriers Lucy Budd, Graham Francis, Ian Humphreys and Stephen Ison Transport Studies Group, School of Civil and Building Engineering, Loughborough University, UK Abstract The aim of this paper is to undertake a comprehensive study of LCC market entry and exit in Europe between 1992 and 2012. In the 20 year period between 1992 and 2012, 43 low cost carriers (LCCs) have taken advantage of the progressive liberalisation of the European aviation market and commenced scheduled flight operations within the continent. Of these 43, only 10 remain operational, a failure rate of 77%. This paper contributes to extant literature on LCCs by examining the market entry, business practices, operating longevity and fate of failed operators to characterise European LCC market exit. Drawing on the findings of a detailed continental-wide study, the paper identifies that an airline’s start-up date, the nature and size of its operation and the size and composition of its aircraft fleet are key factors which influence LCC success and failure. The implications for both European and emerging LCC markets are discussed. Keywords: Low cost carriers (LCCs), market exit, Europe.
    [Show full text]
  • Annual Report 2004 Moving Assets. Convincing Details
    24-05-0087 Umschlag GB engl 18.3.2005 12:25 Uhr Seite 1 Annual Report 2004 Moving assets. Convincing details. Annual Report 2004 Europe’s largest leisure hotelier. Leading tour operator in 17 countries. Strong distribution network. International team. Comprehensive logistics services. TUI AG 24-05-0087 Umschlag GB engl 18.3.2005 12:26 Uhr Seite 1 Table of Contents Chief Executive’s Statement 5 Management Report I Economic Situation 18 I Business Trend in the Divisions 36 I Research and Development 56 I Risk Management 59 I Prospects 62 Other Information I Human Resources 78 I Environmental Protection 82 Corporate Governance I Report on Corporate Governance 96 I Report of the Supervisory Board 100 I Supervisory Board 106 I Executive Board 109 I TUI Share 111 Financial Statements I Financial Statements of the TUI Group 126 I Notes on the Financial Statements 130 B 24-05-0087 Umschlag GB engl 18.3.2005 12:23 Uhr Seite 2 Group Structure 2004 TUI Gr Tourism TUI Group in Central Europe Source markets: Germany | Switzerland | Austria | Eastern Europe | Turnover Tourism Hapag-Lloyd Flug Logistics Others Northern Europe Group Source markets: United Kingdom | Ireland | Nordic Countries | Earnings by div Britannia Airways UK | Britannia Airways Nordic Tourism Logistics Western Europe Others Source markets: France | Netherlands | Belgium | Group Corsair | TUI Airlines Belgium Earnings before Tourism Destinations Logistics Incoming agencies | Hotel companies Others Group Other Tourism Net profit for t Business travel | IT-Services Earnings per sh
    [Show full text]
  • Airline Bankruptcy: the Post-Deregulation Epidemic
    Airline Bankruptcy: The Post-Deregulation Epidemic By Paul Stephen Dempsey McGill University Institute of Air & Space Law Copyright © 2012 by the author • “Airline deregulation is a bankrupt policy.” Hobart Rowen Washington Post columnist Every major US interstate airline at the time of deregulation in 1978 has since visited bankruptcy court, several more than once. 15 US AIRLINE INDUSTRY NET PROFIT MARGINS 1950-2009 10 5 0 -5 -10 net profit margins net -15 -20 year • 2000 – U.S. profit $2.5 billion • 2001 - U.S. loses $8.3 billion • 2002 - U.S. loses $11.4 billion • 2003 - U.S. loses $1.7 billion • 2004 - U.S. loses $9.1billion • 2005 - U.S. loses $27.2 billion • 2006 - U.S. profit $18.2 billion • 2007 - U.S. profit $7.7 billion • 2008 - U.S. loses $23.8 billion • 2009 - U.S. loses $2.5 billion • 2010 – U.S. profit $3.6 billion US Carriers cumulatively lost $52 billion in this decade. U.S. General Accountability Office • “Structurally, the airline industry is characterized by high fixed costs, cyclical demand for its services, intense competition, and vulnerability to external shocks. As a result, airlines have been more prone to failure than many other businesses, and the sector’s financial performance has continually been very weak . • “Since the 1978 economic deregulation of the U.S. airline industry, airline bankruptcy filings have become prevalent in the United States, and airlines fail at a higher rate than companies in most other industries.” • U.S. Government Accountability Office, Commercial Aviation: Bankruptcy and Pension Problems are Symptoms of Underlying Structural Issues (Sep.
    [Show full text]