The Dynamic Regional Jet Market

Total Page:16

File Type:pdf, Size:1020Kb

The Dynamic Regional Jet Market The Dynamic Regional Jet Market April 2011 Contents Background ................................................................................................................................ 3 What is a Regional Jet? .......................................................................................................... 3 Segment Dimensions ............................................................................................................. 4 History & Perspective ............................................................................................................. 5 Fuel and Labor .................................................................................................................... 6 Looking Forward ........................................................................................................................ 7 Growth Opportunities .......................................................................................................... 8 Existing fleet ....................................................................................................................... 9 Emerging Technologies ............................................................................................................10 Going Green ..........................................................................................................................10 Biofuels .................................................................................................................................10 Engines .................................................................................................................................12 Pratt & Whitney ..................................................................................................................12 General Electric .................................................................................................................13 PowerJet ............................................................................................................................14 Avionics .................................................................................................................................14 New Players ..............................................................................................................................15 Airlines ..................................................................................................................................15 Emerging OEMs ....................................................................................................................16 Rekkof ...............................................................................................................................16 Current OEMs .......................................................................................................................17 Bombardier ........................................................................................................................17 Embraer .............................................................................................................................19 COMAC .............................................................................................................................22 Mitsubishi ...........................................................................................................................23 UAC (Antonov) ...................................................................................................................24 2 Background What is a Regional Jet? The definition of a regional jet would typically include the fact that it is a twin turbofan engined airliner with a maximum of 100 seats. Interestingly the generally accepted first regional jet is thought to be the Yak-40, which was introduced in the Soviet Union, flying for Aeroflot in 1968. It is rather interesting that the Soviets were significantly ahead of the west in developing this category of aircraft. But there were other important aircraft of slightly larger size such as the Sud Aviation Caravelle and the Fokker F-28. This segment has been something of a tough area for aerospace companies. Teal Group’s Richard Aboulafia1 has termed this segment as a graveyard for airliners. The purpose of the regional jet was to replace turboprops serving small communities and connecting these communities to larger hubs, as well as offer city to city service, bypassing hubs. When fuel costs were low these aircraft were attractive. With airline deregulation in the United States, airlines were frantic to find any capacity to drive traffic through hubs and connect communities. These small jets offered capacity that could be deployed quickly. The regional jet segment really exploded in 1989 when Bombardier in Canada stretched its Challenger business jet into a small airliner seating 50, known then as the CRJ100. Bombardier followed up with the CRJ200 which also seated 50, but had more efficient engines. Bombardier sold 1,054 of these regional jets. Bombardier did not have this market to itself for long. Brazil’s Embraer saw the opportunity and developed its ERJ135 (37 sets) and ERJ145 (50 seats); the latter proving to be the more popular of the two. The ERJ was launched in 1989 and to date Embraer has sold over 990 ERJs. Today the 50-seaters have grown unpopular because of higher fuel costs. The regional jet segment is better defined at between 75 and 100 seats. This is the new “sweet spot”. We will enlarge on this idea below. 1Telephone interview 3 The following table lays out the regional jet fleet in the United States and the relative seating capacity. OEM Model Aircraft Seats Capacity Seats Share Bombardier CRJ 100/200 672 50 33,600 31% 59% CRJ 700/705 252 70 17,640 17% CRJ 900 139 86 11,954 11% Embraer ERJ 135/140 101 37 3,737 3% 40% ERJ 145 519 50 25,950 24% E-170/175 166 70 11,620 11% E-190/195 22 106 2,332 2% 1,871 106,833 Segment Dimensions The regional jet segment consists of at least 2,000 aircraft. The rapid ascent of Bombardier and Embraer form the lower end and the success of Airbus’ A319 at the upper end led to demise of Fokker. Fokker is often thought to be the first Western regional jet builder. Bombardier decided not to buy the company, which may have been a hasty decision given the success of Embraer’s even larger E-jets. To get an idea of the dimensions of the regional jet market, we decided to cite data from the United States Regional Airline Association (RAA). The RAA has 62 member airlines. They fly 160 million passengers per year with aircraft averaging 55 seats and typically fly 457 mile legs. This means that, in the United States, regional airlines fly 25% of all air passengers and, crucially, 75% of United States communities rely on regional airline service for their only scheduled air service. The table below provides a summary of key data defining the extent of the RAA’s member airlines. 1980 1985 1990 1995 2000 2005 2009 Carriers 247 190 153 123 91 75 62 Enplanements 14.69 26.99 41.49 58.31 82.49 152.55 159.45 RPM 1.89 4.7 8.03 12.64 24.38 67.4 72.91 ASM 4.01 10.07 15.04 25.48 42.81 95.58 97.61 LF 47.2% 46.6% 53.4% 49.6% 57.0% 70.5% 74.7% Departures 2.26 3.23 4.12 4.89 4.55 5.43 4.81 Avg Trip 129 174 194 217 296 442 457 Avg Capacity 16 26 24 30 37 50 55 Fleet flying hrs 1,474 2,118 3,386 3,817 5,943 5,714 5,146 The table shows that there are far fewer airlines than in 1980. But as traffic has risen, these airlines have dropped 19-seaters, then dropped 35-seaters and moved up to larger airplanes. Yet as major airlines have kept moving traffic on to regionals, load factors have remained strong. Regionals have progressively flown ever longer sectors and flying hours have risen in concert. 4 To further underscore the impact regional jets and the airlines that operate them are having, RAA provides this interesting chart. As the chart shows the only real growth among airline fleets in the United States is in the regional jet segment. It would seem the data highlights a trend to smaller aircraft, even as regional jet fleets have grown in numbers and capacity while major airlines are moving to fewer single aisle jets. The trend underscores what regional jet OEMs have been saying - smaller jets offer great economics and better flexibility than mainline airliners. History & Perspective As the chart illustrates, regional airlines have grown rapidly in importance within the United States. As mainline airlines have cut back fleets and costs, their regional partners have become relatively more important. In an earlier AirInsight study we described what we see as a renaissance in the turboprop airliner market; the regional jet market is also seeing changes. If turboprops are getting bigger - as we expect - and starting to approach the 75 seat segment, regional jets will grow in size to the 100 seat segment. Traditionally this segment was known as the Trunkliner and an early pioneer of this capacity was the legendary McDonnell Douglas DC-9. 5 Fuel and Labor Airlines are run in a way similar to supermarkets. Customers pay for services in advance, while the airline pays its vendors anywhere around 120 days after the flight. This means an airline sits on a cash pile for some three months. Cash management is a key activity and is one example of how complex managing an airline is. The airline sells a seat for a fixed price with future delivery but its costs vary, and when volatility increases a projected profit quickly can become a loss. Two big cost inputs for airlines
Recommended publications
  • Bombardier Business Aircraft and Are Not Added to This Report
    BACKGROUNDER June 30, 2015 Program Status Report - CRJ Series aircraft Deliveries Total Total Current Apr - Jun FYTD 1 Orders Delivered Backlog 2015 CRJ100 226 226 0 0 0 CRJ200 709 709 0 0 0 CRJ440 86 86 0 0 0 CRJ700 Series 701 2 334 326 8 1 2 CRJ700 Series 705 16 16 0 0 0 CRJ900 391 351 40 11 24 CRJ1000 68 40 28 0 1 Challenger 800 3 33 33 0 0 0 Total 1863 1787 76 12 27 June 30, 2015 Page 1 of 3 Program Status Report - CRJ Series aircraft CRJ700 CRJ700 CRJ700 CRJ700 Customer Total Total CRJ100 CRJ100 CRJ200 CRJ200 CRJ440 CRJ440 Series 701 Series 701 Series 705 Series 705 CRJ900 CRJ900 CRJ1000 CRJ1000 Orders Delivered Backlog Ordered Delivered Ordered Delivered Ordered Delivered Ordered Delivered Ordered Delivered Ordered Delivered Ordered Delivered Adria Airways 12 11 1 0 0 5 5 0 0 0 0 0 0 7 6 0 0 AeroLineas MesoAmericanas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Air Canada 56 56 0 24 24 17 17 0 0 0 0 15 15 0 0 0 0 Air Dolimiti 5 5 0 0 0 5 5 0 0 0 0 0 0 0 0 0 0 Air Littoral 19 19 0 19 19 0 0 0 0 0 0 0 0 0 0 0 0 Air Nostrum 81 56 25 0 0 35 35 0 0 0 0 0 0 11 11 35 10 Air One 10 10 0 0 0 0 0 0 0 0 0 0 0 10 10 0 0 Air Wisconsin 64 64 0 0 0 64 64 0 0 0 0 0 0 0 0 0 0 American Airlines 54 30 24 0 0 0 0 0 0 0 0 0 0 54 30 0 0 American Eagle 47 47 0 0 0 0 0 0 0 47 47 0 0 0 0 0 0 Arik Air 7 5 2 0 0 0 0 0 0 0 0 0 0 4 4 3 1 Atlantic Southeast (ASA) 57 57 0 0 0 45 45 0 0 12 12 0 0 0 0 0 0 Atlasjet 3 3 0 0 0 0 0 0 0 0 0 0 0 3 3 0 0 Austrian arrows 4 13 13 0 0 0 13 13 0 0 0 0 0 0 0 0 0 0 BRIT AIR 49 49 0 20 20 0 0 0 0 15 15 0 0 0 0 14 14 British European 4 4 0 0 0 4 4 0 0 0 0 0 0 0 0 0 0 China Eastern Yunnan 6 6 0 0 0 6 6 0 0 0 0 0 0 0 0 0 0 China Express 28 18 10 0 0 0 0 0 0 0 0 0 0 28 18 0 0 Cimber Air 2 2 0 0 0 2 2 0 0 0 0 0 0 0 0 0 0 COMAIR 130 130 0 110 110 0 0 0 0 20 20 0 0 0 0 0 0 DAC AIR 2 2 0 0 0 2 2 0 0 0 0 0 0 0 0 0 0 Delta Connection 168 168 0 0 0 94 94 0 0 30 30 0 0 44 44 0 0 Delta Air Lines 40 40 0 0 0 0 0 0 0 0 0 0 0 40 40 0 0 Estonian Air 3 3 0 0 0 0 0 0 0 0 0 0 0 3 3 0 0 The Fair Inc.
    [Show full text]
  • L'italia Vista Dagli Altri
    Le ricerche del Centro Studi del Touring Club Italiano 2005 L’ITALIA VISTA DAGLI ALTRI Siamo tuttora il Paese più desiderato all’estero? Per rispondere a questa domanda il Dipartimento per lo Sviluppo e la Competitività del Turismo ha affidato a Doxa, Mercury e Touring l’incarico di realizzare uno studio sull’attrattività delle regioni italiane Obiettivo 1 presso alcuni mercati stranieri Per informazioni: [email protected] Unione Europea L’ITALIA VISTA DAGLI ALTRI INDAGINE SULL’ATTRATTIVITÀ TURISTICA DELLE REGIONI OBIETTIVO 1 IN ITALIA E ALL’ESTERO SINTESI 2004-2005 SOMMARIO Nel quadro della programmazione dei fondi strutturali comunitari 2000/2006 per l’Obiettivo 1, la Direzione generale per il Turismo del Ministero delle Attività produttive 1. LA DOMANDA è titolare di un Progetto operativo finalizzato ad offrire alle Amministrazioni STRANIERA ATTUALE regionali e locali un supporto per la realizzazione e la programmazione delle politiche E POTENZIALE di sviluppo turistico. P.1 Nell’ambito di tale progetto la Direzione ha ritenuto di svolgere un’indagine sulla domanda e l’offerta turistica delle regioni Obiettivo 1, mediante il monitoraggio 2. LA DOMANDA dell’indice di gradimento e di penetrazione del prodotto turistico delle aree oggetto ITALIANAATTUALE dell’analisi presso i mercati esteri e le altre regioni italiane e mediante l’individuazione E POTENZIALE dei maggiori fattori di attrattività dei territori interessati. P.11 L’indagine è stata affidata all’Associazione temporanea d’impresa composta da Doxa SpA, mandataria, da Mercury Srl e da Touring Servizi Srl. 3. L’OPINIONE Nel corso del 2004 sono stati analizzati molti aspetti della domanda turistica attuale DEI TOUR OPERATOR e potenziale verso l’Italia e il Sud Italia per mezzo di interviste a campioni di residenti ITALIANI E STRANIERI in Italia e in nove Paesi esteri e per mezzo di colloqui diretti con i principali tour operator.
    [Show full text]
  • IV. TRADE POLICIES by SECTOR (1) 1. Switzerland and Liechtenstein
    WT/TPR/S/141 Trade Policy Review Page 90 IV. TRADE POLICIES BY SECTOR (1) INTRODUCTION 1. Switzerland and Liechtenstein have followed a piecemeal approach to their trade reforms. The nature and pace of implementation have tended to vary according to sector. Important reforms have liberalized market access considerably in several manufacturing and services subsectors. The bilateral mutual recognition agreement with the EU, and amendments to competition legislation and to sectoral regulations (e.g. on pharmaceutical products and motor vehicles) have further liberalized the Swiss manufacturing sector since 2000, at least as far as Swiss-EU trade is concerned. In Liechtenstein, the liberalization reforms in manufacturing and services have largely been spurred by its 1995 EEA membership. 2. Several Swiss and Liechtenstein multinational companies are among the world's largest, and many competitive and innovative small and medium-sized export-based companies have developed with little or no government assistance. The main exceptions are the electricity and gas subsectors, and certain industries with low productivity, notably in food manufacturing, certain construction products and services, or salt production. Despite relatively high tariff protection, the textiles and clothing and (particularly) the footwear industry, have recorded the strongest contraction in value added in Swiss manufacturers over the past decade. 3. In agriculture, implementation of reforms has slowed since 2000. Switzerland (and through it Liechtenstein) continues to rank top among the OECD countries in terms of government support to agriculture, despite the ongoing gradual move away from price support towards direct payments. High border protection has contributed to maintaining domestic food prices high by international comparison.
    [Show full text]
  • Case No COMP/M.3770 - LUFTHANSA / SWISS
    EN Case No COMP/M.3770 - LUFTHANSA / SWISS Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(2) NON-OPPOSITION Date: 04/07/2005 In electronic form on the EUR-Lex website under document number 32005M3770 Office for Official Publications of the European Communities L-2985 Luxembourg COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 04.07.2005 SG-Greffe(2005) D/202898 In the published version of this decision, some information has been omitted pursuant to Article PUBLIC VERSION 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are MERGER PROCEDURE shown thus […]. Where possible the information ARTICLE 6(1)(b) DECISION omitted has been replaced by ranges of figures or a general description. To the notifying party Dear Sir/Madam, Subject: Case No COMP/M.3770- Lufthansa/Swiss Notification of 20.05.2005 pursuant to Article 4 of Council Regulation No 139/20041 1. On 20 May 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Deutsche Lufthansa AG (“Lufthansa”, Germany), the holding company of the Lufthansa Group, acquires control of the whole of Swiss International Air Lines Ltd (“Swiss”, Switzerland), by way of purchase of shares. 2. Given the bilateral Agreement between the European Community and the Swiss Confederation on Air Transport (the “ATA”)2, the Commission has exceptionally full jurisdiction to assess potential competition concerns in Switzerland and, in particular, any concerns on routes between Switzerland and third countries under Article 11(1) of the ATA.
    [Show full text]
  • Annual Report 2004/2005
    DO & CO I THE GOURMET ENTERTAINMENT COMPANY ANNUAL REPORT 2004I 2005 Ladies and Gentlemen, I am pleased to present to you the DO & CO Annual International Event Catering also made a sterling Report for 2004/2005. Annual reports are not showing this past business year. The division put in normally what you would think of as entertaining an excellent performance in the Formula 1, one of reading. As “Gourmet Entertainers” we have tried to its culinary customers since 1992. It also managed change that by conveying as modern and “tasty” a the entire VIP hospitality operations at the European picture of our company group as possible. Soccer Championships in Portugal for the first time Business year 2004/2005 was one of the most in 2004. These highlights plus one or two other successful the DO & CO Group has ever had. Our prestigious sports events are featured on the total sales of over EUR 134 million set an all-time following pages, along with a host of private and sales record and boosted EBIT substantially over the corporate celebrations. year before, to EUR 3.45 million. The Division Restaurants & Bars is virtually on a We are clearly positioned on the market. The par with the other divisions. Of special note in this DO & CO Group brands stand for unsurpassed segment is the successful development of K.u.K. quality and innovative products. Our corporate Hofzuckerbäckerei Demel. With the restructuring of culture is flexible and is always open to new ideas. this legend long completed, the expansion phase These traits are probably what have enabled us to now begins.
    [Show full text]
  • Diplomarbeit
    DIPLOMARBEIT Titel der Diplomarbeit Gesellschaftsgeschichte der Flugreise mit besonderer Berücksichtigung Österreichs Verfasser Roland Igelsböck angestrebter akademischer Grad Magister der Philosophie (Mag.phil.) Wien, Juli 2012 Studienkennzahl lt. Studienblatt: A 190 313 456 Studienrichtung lt. Studienblatt: Lehramt UF Geschichte, Sozialkunde, Politische Bildung (GSP) und Geographie und Wirtschaftskunde (GW) Betreuer: Univ. Prof. Dr. Christian-Hubert Ehalt Danksagung An dieser Stelle möchte ich all jenen meinen Dank aussprechen, die mich durch mein Studium begleitet haben. Allen voran meiner Mutter, Monika Igelsböck, meinem Vater, Gerhard Maier, meinem Stiefvater, Christian Nothdurfter, meiner Oma, Pauline Igelsböck und meiner Lebensgefährtin Tanja Best möchte ich hier meinen größten Dank aussprechen, da sie mich durch alle Höhen und Tiefen hindurch mit Rat und Tat unterstützt haben und mir in jeder Situation ein offenes Ohr geliehen haben. Meinen Eltern, allen voran meiner Mutter und meiner Lebensgefährtin, möchte ich überdies noch einmal für die große Unterstützung beim Korrekturlesen dieser Diplomarbeit danken. Großer Dank gebührt auch Alfred Radinger, der zahlreiche Seminararbeiten korrektur gelesen hat und mich im Studium stets unterstütze. Ein großer Dank geht auch an Herrn Univ.-Prof. Dr. Christian-Hubert Ehalt, der mir nicht nur die Bearbeitung meines Wunschthemas ermöglicht hat, sondern mir auch beim Verfassen der Dipomarbeit mit vielen guten Hinweisen und Tipps zur Seite gestanden ist. Natürlich möchte ich auch allen anderen Professoren und Professorinnen und meinen lieben Freunden und StudienkollegInnen danken, durch die ich meine Studienzeit stets in guter Erinnerung behalten werde. - 3 - Anmerkung Alle verwendeten Abkürzngen in dieser Arbeit werden an der Stelle ihrer Verwendung erläutert. Insgesamt habe ich mich aus Gründen der Verständlichkeit bemüht, die Anzahl der Abkürzungen auf ein Minimun zu reduzieren.
    [Show full text]
  • Stenographisches Protokoll
    Stenographisches Protokoll 24. Sitzung des Kärntner Landtages – 29. Gesetzgebungsperiode Donnerstag, 2. Feber 2006 Inhalt Fragestunde (S. 2130) F-Klubs betreffend die Überprüfung aller Verträge der KABEG und der Landeskran- Aktuelle Stunde (S. 2147) kenanstalten mit den privaten Krankenver- Antragsteller: F-Klub sicherungen durch den Landesrechnungshof Thema: Endgültige Lösung der Kärntner Einstimmige Annahme (S. 2162) Ortstafelfrage durch ein Verfassungsgesetz des Bundes 1. Ldtgs.Zl. 265-2/29: Redner: Ing. Scheuch (S. 2147), Mag. Dr. Bericht und Antrag des Ausschusses für Kaiser (S. 2148), Mag. Grilc (S. 2149), Ho- Rechts-, Verfassungs-, Volksgruppen- und lub (S. 2150), Schwager (S. 2151), Lobnig Immunitätsangelegenheiten, Europa zur (S. 2152), Mag. Cernic (S. 2153), Regierungsvorlage betreffend die Vereinba- Lutschounig (S. 2154), Mag. Lesjak (S. rung zwischen dem Bund, den Ländern und 2155), Dr. Haider (S. 2156, 2159), Strauß den Gemeinden über eine Weiterführung (S. 2158) der stabilitätsorientierten Budgetpolitik (Österreichischer Stabilitätspakt 2005) ./. mit Vereinbarung Tagesordnung (S. 2160) Zur Geschäftsordnung: Ing. Scheuch (S. Berichterstatter: Mag. Ragger (S. 2162) 2160) Redner: Holub (S. 2162), Schwager (S. 2163) Ldtgs.Zl. 255-4/29: Einstimmige Annahme (S. 2163) Prüfungsverlangen des Landtages vom 2.2.2006 auf Antrag von Abgeordneten des 2. Ldtgs.Zl. 99-4/29: F-Klubs betreffend die Überprüfung der Bericht und Antrag des Ausschusses für Gehälter der leitenden Landesbediensteten Wirtschaft, Finanzen, Infrastruktur, Wohn- durch den Landesrechnungshof bau und Verkehr betreffend Aichelburg Ka- Einstimmige Annahme (S. 2161) serne Wolfsberg – Sicherung des Vorkaufs- Zur Geschäftsordnung: Mag. Dr. Kaiser (S. rechtes durch das Land Kärnten 2161) Berichterstatter: Arbeiter (S. 2163) Redner: Trettenbrein (S. 2164), Schlagholz Ldtgs.Zl. 273-1/29: (S. 2164); Ing.
    [Show full text]
  • PROVIDERS Carrier Agreement”, Would Allow Distribution System As Comprehensive Dornier and Two SAAB Aircraft
    SUBCONTINENT COSMIC AIR SIGNS EXCLUSIVE PARTICIPATION AGREEMENT WITH AMADEUS The first domestic carrier in Nepal signs agreement for distribution madeus India, recently telecommunication costs.” announced the signing of an Elaborating on the agreement, Ms. Aexclusive agreement with Shrestha, said, “For Cosmic Air it is Cosmic Air Cosmic Air, Nepal’s premier domestic extremely important to assure an opti- carrier. The agreement, which is signed mal distribution level worldwide. We Cosmic Air commenced operations in 1998 with two helicopters. The under the “Amadeus Participating are pleased to participate in a global organisation has grown to include four PROVIDERS Carrier Agreement”, would allow distribution system as comprehensive Dornier and two SAAB aircraft. To- Cosmic Air to make available and sell as Amadeus. With this new alliance we day, Cosmic Air flies from its base in Kathmandu to Pokhara, Jomsom, its inventory to the desktops of over will be able to promote more traffic Biratnagar, Bharatpur, Bhadrapur, 60,000 travel agencies in around 200 within Nepal and this would also help Bhairahawa, Nepalgunj, Tumlingtar, countries. us to sell our seats the world over Simava and Dhanghadi on a daily The contract was signed between without having to set up our own schedule basis. It also flies to almost any local destination on charter basis Mr. Ankur Bhatia, Managing Director infrastructure.” on the MI helicopters. In a short Amadeus Indian subcontinent and Ms. With its country offices headquartered span of 5 years, Cosmic Air has Madhavi Shrestha, Executive Director, in Kathmandu, 180 travel agents across grown rapidly due to its proactive Cosmic Air. Speaking on the occasion Nepal are connected to the Amadeus management, market foresight, trained and capable staff and the vast expe- Mr.
    [Show full text]
  • NEOS Fraktionsbericht HYPO U-Ausschuss
    1291 der Beilagen XXV. GP - Ausschussbericht NR - Fraktionsbericht NEOS 1 von 190 NEOS Parlamentsklub FRAKTIONSBERICHT gem. § 51 VO-UA des Untersuchungsausschusses zur Untersuchung der politischen Verantwortung für die Vorgänge rund um die Hypo Group Alpe-Adria Wien, September 2016 www.parlament.gv.at 2 von 190 1291 der Beilagen XXV. GP - Ausschussbericht NR - Fraktionsbericht NEOS Auskünfte Abg.z.NR Dr. Rainer Hable NEOS Parlamentsklub Dr. Karl Renner-Ring 3 1017 Wien Web: neos.eu E-Mail: [email protected] Impressum Herausgeber: NEOS Parlamentsklub Dr. Karl Renner-Ring 3 1017 Wien 1 www.parlament.gv.at 1291 der Beilagen XXV. GP - Ausschussbericht NR - Fraktionsbericht NEOS 3 von 190 Disclaimer Die in diesem Fraktionsbericht enthaltenen Feststellungen und Wertungen stützen sich auf die dem U-Ausschuss zur Verfügung gestellten Akten und den vor diesem Ausschuss erfolgten Befragungen von Auskunftspersonen. Die Richtigkeit und Vollständigkeit der dem U-Ausschuss zur Verfügung gestellten Akten und der Befragungen von Auskunftspersonen konnte nicht überprüft werden. Auch Informationen und Geschehnisse, die außerhalb des Untersuchungszeitraums liegen, konnten naturgemäß nicht berücksichtigt werden. Dissenting Opinion Dieser Fraktionsbericht distanziert sich vom Bericht des Verfahrensrichters, der die Tätigkeit des U-Ausschusses teils fehlerhaft und selektiv darstellt. Da keine Möglichkeit besteht, den Bericht des Verfahrensrichters vollständig auf Fehler und Lücken zu prüfen, erfolgt die Feststellung der abweichenden Meinung (dissenting
    [Show full text]
  • Scharfe Sachen Für Neue Märkte
    Steirische Unterneh- men nützen die Gunst der geografi schen Nähe zu den neuen EU-Mitgliedsländern im Osten und Südosten. Mit INNOVATIVEN PRODUKTIDEEN und ehrgeizigen Infrastruk- turvorhaben drängen sie auf diese Hoffnungsmärkte. TEXT: KLAUS HÖFLER Scharfe Sachen für neue Märkte onrad Prettner hat Großes Größe von DIN-A3-Bögen bis zur Vi- le, die OMV, das Liechtenstein Mu- vor. Nach der erfolg- sitenkarte faltenfrei in einem Ständer seum sowie das MUMOK in Wien, reichen Eroberung des aufbewahren kann. das Kunsthaus in Graz und die Bau- Kdeutschen, schweize- „hello!“ tauft Prettner seine seit Be- haus Uni-Bibliothek in Weimar. Erst rischen, liechtenstein‘schen sowie ginn patentrechtlich geschützte Pro- Ende April hat er den Auftrag eines des österreichischen Markts, will der duktlinie aus Acrylglas, das zu ele- deutschen Autohändlers bekommen. Einzelunternehmer seine Geschäfts- ganten, aber dennoch modernen Prettners Stärke: Er kann auf individu- kontakte in Osteuropa intensivieren. Ständern verarbeitet wird. elle Kundenwünsche sofort eingehen In Bratislava, Budapest, Laibach, Prag Schon im ersten Jahr kann er die und prompt produzieren und liefern. und Warschau ist der Grazer über Stückzahlen um 67 Prozent steigern, Die Zeichen stehen demnach weiter Händler bereits vertreten. Weitere im darauf folgenden Jahr gibt‘s eine auf Expansion. Den bestehenden 86 Standorte in den osteuropäischen Umsatzsteigerung von 42 Prozent. Schauräumen sollen bis Jahresende EU-Nachbarstaaten sind geplant. Mit 14 weitere vor allem im Osten Europas einer Produktidee und Entstehungs- folgen. Im Visier: Bukarest, Moskau geschichte, die an den Werbeslogan und die bulgarische Hauptstadt So a. eines amerikanischen Sportartikel- „Man trifft auf herstellers erinnert: Just do it! einen anderen Tiefkühlkost. Bereits in Bulgarien aktiv ist ein anderes steirisches Un- Just do it.
    [Show full text]
  • Codes Iata Des Compagnies Ariennes
    Organisme de recherche et d’information sur la logistique et le transport CODE IATA DES COMPAGNIES AERIENNES (Classement par code) Le "Code IATA" est un système international qui attribue deux lettres (parfois trois ou incluant un chiffre) aux compagnies aériennes (ex. : UY pour Cameroon airlines). On retrouve ces références sur les billets, les écrans d'information aux aéroports, les guides horaires des compagnies, et aussi parfois les brochures d'agences. Un même système de codification existe aussi pour les villes et aéroports BP : Air Botswana DM : Maerks Air .A. BR : Eva Air DO : Air Vallée BS : British International DT : TAAG AA : American Airlines BT : Air Baltic DU : Hemus Air AB : Air Berlin BU : Braathens DX : Danair AC : Air Canada BV : Blue Panorama DYE : Dynamic Airlines AE : Mandarin Airlines BW : BWIA D2 : Skyline AF : Air France BY : Britannia Airways D3 : Daallo Airways AH : Air Algérie B2 : Belavia D7 : Dinar Lineas Aereas AI : Air India B4 : Bhoja Airlines AM : Aeromexico .E. AMV : AMC Airlines .C. AP : Air One EI : Aer Lingus AQ : Aloha Airlines CA : Air China EF : Far Eastern AR : Aerolineas Argentinas CB : Scot Airways EG : Japan Asia Airways AT : Royal Air Maroc CC : Air Atlanta EK : Emirates AU : Austral CI : China Airlines EN : Air Dolomiti AV : Avianca CJ : China Northern Airlines EO : Hewa Bora AXY : Axis Airways CK : Gambia Airways EP : Iran Asseman Airlines AY : Finnair CM : Copa EQ : Tame AZ : Alitalia CO : Continental Airlines ET : Ethiopian Airlines A5 : Air Linair CRL : Corsair EU : Ecuatoriana A7 : Air Plus Comet CU : Cubana EW : Eurowings A9 : Georgian Airlines CX : Cathay EZ : Sun Air CXN : China Southwest EZY : Easyjet .B.
    [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]