DOCSLIB.ORG

Public Offering and Listing of Atlantic Airways P/F 2007

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Public Offering and Listing of Atlantic Airways P/F 2007 Public Offering and Listing of Atlantic Airways P/F 2007 Følgende resumé er en oversættelse af det opridelige resumé som er udfærdiget på engelsk. Såfremt den danske oversættelse ikke er i overensstemmelse med det oprindelige resumé på engelsk, er det den engelske tekst, som er gældende. Oplysningerne i dette resumé er blot et sammendrag af de oplysninger, der er indeholdt i registreringsdokumentet samt værdipapirnoten, hvor flere detaljerede oplysninger forefindes. Investorerne bør læse oplysningerne i registreringsdokumentet samt værdipapirnoten, og i særdeleshed kapitlerne om risikofaktorer i begge dokumenter. Enhver beslutning om at investere i de udbudte aktier bør træffes på baggrund af prospektet som helhed. Prospektet er er udgivet den 14. november 2007. RESUMÉ Denne opsummering angår den forventede børsnotering af samtlige 1.035.000 udstedte aktier i Atlantic Airways P/F på OMX Nordic Exchange Iceland hf. samt aktieudbuddet af 341.550 aktier. Oplysningerne i denne opsummering er blot et sammendrag af de oplysninger, der er indeholdt i registreringsdokumentet samt værdipapirnoten, hvor flere detaljerede oplysninger forefindes. Investorerne bør læse oplysningerne i registreringsdokumentet samt værdipapirnoten, og i særdeleshed kapitlerne om risikofaktorer (”Risk Factors”) i begge dokumenter. Udsteder Atlantic Airways P/F ID-nr. 1223 Adresse: FO-380 Sørvágur, Færøerne Udbyder Handels- og erhvervsministeriet på vegne af den færøske regering Adresse: Tinganes, FO-100 Tórshavn, Færøerne Manager Kaupthing Bank hf. – Investment Banking ID-nr. 560882-0419 Adresse: Borgartún 19, 105 Reykjavík, Island 1.1. Børsnotering på OMX ICE’s hovedmarked Den 2. marts 2006 besluttede regeringen at forberede udstederen på en børsnotering på OMX ICE. Atlantic Airways opfylder betingelserne for børsnotering på hovedmarkedet, hvad angår størrelse og den driftsmæssige historie. Efter aktieudbuddet forventes det, at Atlantic Airways opfylder betingelserne for børsnotering på hovedmarkedet, hvad angår størrelse, driftsmæssig historie og aktiefordeling. Det kan dog ikke garanteres, at kravene for aktiefordeling er opfyldt. Børsnoteringen forventes at finde sted den 10. december 2007, hvilket derefter vil være den førstkommende dato, hvorpå aktierne vil blive optaget til handel på OMX ICE. Datoen for børsnoteringen, der kan finde sted senere, vil blive offentliggjort en dag i forvejen på www.omxgroup.com/nordicexchange. 1.2. Aktieudbud I alt 341.550 aktier, hvilket svarer til 33 % af den samlede aktiekapital i Atlantic Airways, vil blive udbudt til salg. Alle aktier, der udbydes i dette aktieudbud, er eksisterende aktier, som udbyderen ejer. Det samlede provenue fra aktieudbuddet forventes at ligge mellem DKK 82.655.100 og DKK 89.144.550. Forud for børsnoteringen vil aktieudbuddet blive udført i tre trancher. Alle aktier i alle trancher i aktieudbuddet bliver solgt til samme kurs, der kan ligge mellem DKK 242 per aktie og DKK 261 per aktie. 1. Bookbuilding Investorer, der er villige til at bestille minimum 20.000 aktier, vil tage del i en bookbuilding-procedure, der vil afgøre den endelig aktieudbudskurs for alle aktier i alle trancher. I bookbuildingen vil 155.250 aktier blive udbudt til en pris på mellem DKK 242 per aktie og DKK 261 per aktie. Det samlede provenue forventes at ligge mellem DKK 37.570.500 og DKK 40.520.250. Resumé - 2 2. Privat udbydelse til medarbejdere 31.050 aktier vil blive udbudt til medarbejdere samt bestyrelsen i Atlantic Airways til den kurs, der fastlægges under bookbuilding-proceduren. Det samlede provenue forventes at ligge mellem DKK 7.514.100 og DKK 8.104.050. 3. Offentlig udbydelse 155.250 aktier vil blive udbudt til investorer, der bestiller op til 20.000 aktier til den kurs, der fastsættes under bookbuilding-proceduren. De samlede indtægter forventes at ligge mellem DKK 37.570.500 og DKK 40.520.250. Afhængig af den efterspørgsel, der udvises af forskellige grupper af investorer, forbeholder udbyderen sig retten til at allokere de udbudte aktier anderledes. Tegningsperioden for de tre trancher er sammenfaldende. Følgelig vil tegningskursen ikke være fastlagt før udgangen af tegningsperioden. 1.3. Forventet tidsplan Tegningsperiode ............................................................................... 19-27. november 2007 Første mulige afslutning af tegningsperioden ......................................... 21. november 2007 Aktiekurs fastsat ud fra bookbuilding-procedure .................................... 28. november 2007 Resultat af offentliggjort udbydelse ....................................................... 28. november 2007 Betaling for tildelte aktier ....................................................................... 7. december 2007 Første handelsdag ................................................................................... 10. december 2007 Hvis tegningsperioden afsluttes før 27. november 2007, vil alle efterfølgende datoer rykkes tilsvarende frem. 1.4. Market making Forud for børsnoteringen forventer Atlantic Airways at indgå i en market making aftale vedrørende selskabets aktier på OMX ICE. Formålet med market making aftalen er at forbedre likviditeten af udstederens aktier på OMX ICE for at fremme udviklingen af en kurs og for at opfordre til effektiv og gennemsigtig prisdannelse. Atlantic Airways har opfordret de færøske finansielle institutioner til at deltage i et købstilbud på en passende market making aftale med selskabet. Betingelserne for aftalen er endnu ikke færdigbehandlede, men vil foreligge før den første handelsdag. 2. INFORMATION OM ATLANTIC AIRWAYS 2.1. Baggrund og udvikling Atlantic Airways blev grundlagt i november 1987 og begyndte flyvningerne til København i 1988 og udgjorde dermed et alternativ til det danske luftfartselskab Mærsk Air, der havde været eneste selskab på ruten siden 1970. De to hovedaktionærer var det færøske selskab P/F Flogleiðir med 51 % og danske Cimber Air, der ejede 49 % af aktierne. P/F Flogleiðir var et holdingselskab, som den færøske regering ejede 75 % af. Under den svære økonomiske krise i starten af 1990’erne undergik virksomheden en finansiel omstrukturering. Siden 1992 har den færøske regering ejet 100 % af aktierne og været eneindehaver af Atlantic Airways. Resumé - 3 Atlantic Airways har været overskudsgivende siden 1995 og er vokset betydeligt, hvad angår den generelle investeringsvolumen og bruttoindtægt siden 2000, hvor bruttoindtægten er steget fra DKK 57,7 mio. i 2000 til DKK 126,2 mio. i 2006. Virksomheden er blevet udvidet ved at etablere nye erhvervsmæssige aktiviteter som f.eks. nye ruter, charter-aktiviteter og helikopterservice. I marts 2006 besluttede den færøske regering ved lov delvist at privatisere Atlantic Airways ved at sælge 33 % af aktierne i virksomheden. I de forklarende noter til loven om privatiseringen af Atlantic Airways fremsætter regeringen sine intentioner om at sælge yderligere 33 % af aktiekapitalen til institutionelle investorer efter børsnoteringen af virksomheden. Timingen af den anden runde er endnu ikke fastlagt. Da der snart er parlamentsvalg, kan man ikke vide, om den anden runde vil blive udført ifølge den fremlagte plan. Valget afholdes senest den 19. januar 2008. Ifølge den fremlagte plan vil regeringen fortsætte med at være en vægtig ejer efter den anden salgsrunde. En andel på 34 % i virksomheden vil sikre, at der ikke kan foretages ændringer af vedtægterne uden regeringens godkendelse deraf. 2.2. Virksomhedsoversigt Atlantic er et internationalt luftfartsselskab med base i Sørvág på Færøerne. Driften er baseret på fastvinget drift og helikopterdrift. En stor del af virksomhedens omsætning stammer fra de fastvingede aktiviteter. I 2006 stammede 94 % af den samlede omsætning fra den fastvingede drift. Atlantic Airways’ fastvingede drift er baseret på: Ruteflyvningstjenester Den dominerende rute inden for ruteflyvningerne og grundpillen for Atlantic Airways’ aktiviteter er ruten mellem Færøerne og København. I 2006 stammede 44 % af den samlede omsætning fra København-ruten. Desuden har Atlantic Airways ruteflyvninger til i alt otte destinationer i nabolandene, hvoraf nogle kun betjenes i sommersæsonen. Charterdrift Virksomheden bruger sin flyflåde og kernekompetencer på charterflyvninger uden for Færøerne. I løbet af de sidste to år har virksomhedsmæssige charterflyvninger på vegne af Aker Stord AS spillet en central rolle i charterdriften. Omsætningen fra helikopteraktiviteterne beløb sig til 6 % af den samlede omsætning for 2006. Virksomhedens helikopterdrift er baseret på: Indenlandsk helikoptertjenester Atlantic Airways tilbyder regelmæssige flyvninger mellem øerne til de mest fjerntliggende øer på Færøerne, som ellers ikke er forbundet til hovedinfrastrukturen. Desuden tilbyder Atlantic Airways Færøerne en redningstjeneste året rundt 24 timer i døgnet. Internationale helikoptertjenester I tråd med virksomhedens hovedformål om at øge indtjeningen fra aktiviteter uden for Færøerne har Atlantic Airways investeret i en Bell 412-helikopter med primært fokus på offshore-aktiviteter i Nordsøen. Virksomheden bestyres af administrerende direktør Magni Arge og økonomichef Marius Davidsen. De står for virksomhedens daglige drift og repræsenterer virksomheden i alle anliggender vedrørende den normale drift. Atlantic Airways' bestyrelse forvalter virksomhedens generelle aktiviteter og bestræber sig på at holde organisationen og driften i overensstemmelse med virksomhedens mission og strategi. Virksomhedens bestyrelse styrer virksomhedens anliggender og arbejder på at sikre, at virksomhedens
Load more

Recommended publications
  • 2021 Datalex Big Book of Airline Data Page 0
    2021 Datalex Big Book of Airline Data Page 0 2021 Datalex Big Book of Airline Data by IdeaWorksCompany Table of Contents Updates to the 2021 Datalex Big Book of Airline Data .................................................................................... 3 A. Welcome Message from Datalex .................................................................................................................. 5 B. Introduction to the Data ................................................................................................................................. 6 About Special Reporting Periods ....................................................................................................................... 7 Year over Year Comparisons are Introduced this Year............................................................................... 8 2020 Was Bad – But There Were a Few Bright Spots ................................................................................. 9 C. Airline Traffic for the 2020 Period .............................................................................................................. 12 Primary Airlines in Alphabetical Order .......................................................................................................... 12 Subsidiary Airlines in Alphabetical Order ...................................................................................................... 18 Primary Airlines by Traffic ................................................................................................................................
    [Show full text]
  • Liste-Exploitants-Aeronefs.Pdf
    EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, XXX C(2009) XXX final COMMISSION REGULATION (EC) No xxx/2009 of on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) EN EN COMMISSION REGULATION (EC) No xxx/2009 of on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a system for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC1, and in particular Article 18a(3)(a) thereof, Whereas: (1) Directive 2003/87/EC, as amended by Directive 2008/101/EC2, includes aviation activities within the scheme for greenhouse gas emission allowance trading within the Community (hereinafter the "Community scheme"). (2) In order to reduce the administrative burden on aircraft operators, Directive 2003/87/EC provides for one Member State to be responsible for each aircraft operator. Article 18a(1) and (2) of Directive 2003/87/EC contains the provisions governing the assignment of each aircraft operator to its administering Member State. The list of aircraft operators and their administering Member States (hereinafter "the list") should ensure that each operator knows which Member State it will be regulated by and that Member States are clear on which operators they should regulate.
    [Show full text]
  • Operator Code Operator Name
    Membros em 31 de Janeiro 2021 Members on 31th January 2021 MEMBROS W20 + S21 DL 109/2008 Art.º 8.º h) - Transportadoras Aereas Operator Code Operator Name 0B BLUE AIR AIRLINE MANAGEMENT SOLUTIONS 3O AIR ARABIA MAROC 3V ASL AIRLINES BELGIUM 3Z SMARTWINGS POLAND 5O ASL AIRLINES FRANCE 8F STP AIRWAYS 9U AIR MOLDOVA A3 AEGEAN AIRLINES S.A. AA AMERICAN AIRLINES AC AIR CANADA AD AZUL LINHAS AÉREAS BRASILEIRAS AF AIR FRANCE AH AIR ALGERIE SpA AMQ AMC AVIATION AP ALBASTAR AT ROYAL AIR MAROC AY FINNAIR BA BRITISH AIRWAYS BJ NOUVELAIR TUNISIE BT AIR BALTIC BUC BULGARIAN AIR CHARTER BY Tui AIRWAYS CJ BA CITIFLYER D8 NORWEGIAN AIR INTERNATIONAL DE CONDOR FLUGDIENST DK SUNCLASS AIRLINES DL DELTA AIR LINES DT TAAG - ANGOLA AIRLINES DW GREAT DANE AIRLINES DX DAT - DANISH AIR TRANSPORT DY NORWEGIAN AIR SHUTTLE EI AER LINGUS EJU EASYJET EUROPE AIRLINE EK EMIRATES ENT ENTER AIR SP. z.o.o. EVE EVELOP AIR EW EUROWINGS EZS EASYJET SWITZERLAND, SA EZY EASYJET AIRLINE FB BULGARIA AIR FHY FREEBIRD FI ICELANDAIR FIA FLY ONE FR RYANAIR FX FEDERAL EXPRESS GW GETJET AIRLINES 1/3 Membros em 31 de Janeiro 2021 Members on 31th January 2021 HV TRANSAVIA AIRLINES I2 IBERIA EXPRESS IB IBERIA JAW JASMIN AIRWAYS JD BEIJING CAPITAL AIRLINES JJ TAM LINHAS AEREAS JNL JET NETHERLANDS BV KL KLM ROYAL DUTCH AIRLINES KM AIR MALTA LG LUXAIR LH LUFTHANSA LO LOT POLISH AIRLINES LS JET2.COM LX SWISS LY EL AL ISRAEL AIRLINES MYX SMARTLYNX AIRLINES ESTONIA NI PGA PORTUGALIA AIRLINES NO NEOS NT BINTER CANARIAS NVR AVION EXPRESS OBS ORBEST OE LAUDAMOTION GMBH OG FLYPLAY OR TUI AIRLINES
    [Show full text]
  • Appendix 25 Box 31/3 Airline Codes
    March 2021 APPENDIX 25 BOX 31/3 AIRLINE CODES The information in this document is provided as a guide only and is not professional advice, including legal advice. It should not be assumed that the guidance is comprehensive or that it provides a definitive answer in every case. Appendix 25 - SAD Box 31/3 Airline Codes March 2021 Airline code Code description 000 ANTONOV DESIGN BUREAU 001 AMERICAN AIRLINES 005 CONTINENTAL AIRLINES 006 DELTA AIR LINES 012 NORTHWEST AIRLINES 014 AIR CANADA 015 TRANS WORLD AIRLINES 016 UNITED AIRLINES 018 CANADIAN AIRLINES INT 020 LUFTHANSA 023 FEDERAL EXPRESS CORP. (CARGO) 027 ALASKA AIRLINES 029 LINEAS AER DEL CARIBE (CARGO) 034 MILLON AIR (CARGO) 037 USAIR 042 VARIG BRAZILIAN AIRLINES 043 DRAGONAIR 044 AEROLINEAS ARGENTINAS 045 LAN-CHILE 046 LAV LINEA AERO VENEZOLANA 047 TAP AIR PORTUGAL 048 CYPRUS AIRWAYS 049 CRUZEIRO DO SUL 050 OLYMPIC AIRWAYS 051 LLOYD AEREO BOLIVIANO 053 AER LINGUS 055 ALITALIA 056 CYPRUS TURKISH AIRLINES 057 AIR FRANCE 058 INDIAN AIRLINES 060 FLIGHT WEST AIRLINES 061 AIR SEYCHELLES 062 DAN-AIR SERVICES 063 AIR CALEDONIE INTERNATIONAL 064 CSA CZECHOSLOVAK AIRLINES 065 SAUDI ARABIAN 066 NORONTAIR 067 AIR MOOREA 068 LAM-LINHAS AEREAS MOCAMBIQUE Page 2 of 19 Appendix 25 - SAD Box 31/3 Airline Codes March 2021 Airline code Code description 069 LAPA 070 SYRIAN ARAB AIRLINES 071 ETHIOPIAN AIRLINES 072 GULF AIR 073 IRAQI AIRWAYS 074 KLM ROYAL DUTCH AIRLINES 075 IBERIA 076 MIDDLE EAST AIRLINES 077 EGYPTAIR 078 AERO CALIFORNIA 079 PHILIPPINE AIRLINES 080 LOT POLISH AIRLINES 081 QANTAS AIRWAYS
    [Show full text]
  • Austria 2020 440 Austrian Airlines AG 424300 19210 UIA-VB 3289 30323
    Annex I EN Changes to National allocation table for the year 2020 pursuant to the Agreement between the European Union and the Swiss Confederation on the linking of their greenhouse emissions trading systems, and to the Commission Delegated Decision C(2020) 3107 Note: The values for 2020 are total. They include the initial allocation for the flights between EEA Aerodromes and the additional allocation for the flights to and within Switzerland. These values need to be inserted as updates in the National Aviation Allocation Tables XML file. Member State: Austria ETSID Operator name 2020 440 Austrian Airlines AG 424300 19210 UIA-VB 3289 30323 International Jet Management GmbH 157 33061 AVCON JET AG 83 28567 Tupack Verpackungen Gesellschaft m.b.H. 17 25989 The Flying Bulls 16 45083 easyJet Europe Airline GmbH 1823642 Member State: Belgium ETSID Operator name 2020 908 BRUSSELS AIRLINES 285422 27011 ASL Airlines Belgium 110688 2344 SAUDI ARABIAN AIRLINES CORPORATION 3031 32432 EgyptAir 315 29427 Flying Service 271 13457 EXCLU Flying Partners CVBA 81 36269 EXCLU VF International SAGL 22 28582 EXCLU Inter-Wetail c/o Jet Aviation Business Jets AG 14 Member State: Bulgaria ETSID Operator name 2020 29056 Bulgaria Air 81265 28445 BH AIR 41204 Member State: Croatia ETSID Operator name 2020 12495 Croatia Airlines hrvatska zrakoplovna tvrtka d.d. 88551 Member State: Cyprus ETSID Operator name 2020 7132 Joannou & Paraskevaides (Aviation) Limited 30 Member State: Czechia ETSID Operator name 2020 859 České aerolinie a.s. 256608 24903 Smartwings, a.s. 119819
    [Show full text]
  • 08-06-2021 Airline Ticket Matrix (Doc 141)
    Airline Ticket Matrix 1 Supports 1 Supports Supports Supports 1 Supports 1 Supports 2 Accepts IAR IAR IAR ET IAR EMD Airline Name IAR EMD IAR EMD Automated ET ET Cancel Cancel Code Void? Refund? MCOs? Numeric Void? Refund? Refund? Refund? AccesRail 450 9B Y Y N N N N Advanced Air 360 AN N N N N N N Aegean Airlines 390 A3 Y Y Y N N N N Aer Lingus 053 EI Y Y N N N N Aeroflot Russian Airlines 555 SU Y Y Y N N N N Aerolineas Argentinas 044 AR Y Y N N N N N Aeromar 942 VW Y Y N N N N Aeromexico 139 AM Y Y N N N N Africa World Airlines 394 AW N N N N N N Air Algerie 124 AH Y Y N N N N Air Arabia Maroc 452 3O N N N N N N Air Astana 465 KC Y Y Y N N N N Air Austral 760 UU Y Y N N N N Air Baltic 657 BT Y Y Y N N N Air Belgium 142 KF Y Y N N N N Air Botswana Ltd 636 BP Y Y Y N N N Air Burkina 226 2J N N N N N N Air Canada 014 AC Y Y Y Y Y N N Air China Ltd. 999 CA Y Y N N N N Air Choice One 122 3E N N N N N N Air Côte d'Ivoire 483 HF N N N N N N Air Dolomiti 101 EN N N N N N N Air Europa 996 UX Y Y Y N N N Alaska Seaplanes 042 X4 N N N N N N Air France 057 AF Y Y Y N N N Air Greenland 631 GL Y Y Y N N N Air India 098 AI Y Y Y N N N N Air Macau 675 NX Y Y N N N N Air Madagascar 258 MD N N N N N N Air Malta 643 KM Y Y Y N N N Air Mauritius 239 MK Y Y Y N N N Air Moldova 572 9U Y Y Y N N N Air New Zealand 086 NZ Y Y N N N N Air Niugini 656 PX Y Y Y N N N Air North 287 4N Y Y N N N N Air Rarotonga 755 GZ N N N N N N Air Senegal 490 HC N N N N N N Air Serbia 115 JU Y Y Y N N N Air Seychelles 061 HM N N N N N N Air Tahiti 135 VT Y Y N N N N N Air Tahiti Nui 244 TN Y Y Y N N N Air Tanzania 197 TC N N N N N N Air Transat 649 TS Y Y N N N N N Air Vanuatu 218 NF N N N N N N Aircalin 063 SB Y Y N N N N Airlink 749 4Z Y Y Y N N N Alaska Airlines 027 AS Y Y Y N N N Alitalia 055 AZ Y Y Y N N N All Nippon Airways 205 NH Y Y Y N N N N Amaszonas S.A.
    [Show full text]
  • Annual Report
    Annual Report 2012 www.atlantic.fo Company Information P/F Atlantic Airways Vágar Airport FO-380 Sørvágur Faroe Islands Tel + 298 34 10 00 Fax +298 34 10 01 Established 1987 Reg. no. 1223 VAT Number 379778 Domicile municipality: Sørvágur Website: www.atlantic.fo Email: [email protected] Share Stock Exchange: VMF Market on NASDAQ OMX Iceland & NASDAQ OMX Copenhagen ISIN code FO 0000000062 Share Capital DKK 103.500.000 No. of Shares 1.035.000 Board of directors Kaj Johannesen, Chairman Jens Wittrup Willumsen, Deputy Chairman Tezz Tordsdotter Ohlsson Bjarni Askham Bjarnason Ingi S. Joensen Olaf S. Poulsen Management Magni Arge, CEO Marius Davidsen, CFO Joen Remmer, COO Auditor P/F NOTA, State Authorized Public Accountants Annual Report 2012 Page 2 Atlantic Airways in Brief Our origin, mission, vision, business and strategy Atlantic Airways was established in order to develop the Faroese airline industry and airline services, and through this establish a competent aviation environment in the Faroe Islands. Since the company’s establishment in 1987 it has grown from a small company with one aircraft and limited capabilities to a company, which operates several aircraft and helicopters. At year-end 2012 Atlantic Airways had 172 full-time equivalent employees, and operated 4 aircraft and 2 helicopters. Our mission is to transport people and cargo by air with the Faroe Islands as our cornerstone. Our vision is to enable the Faroese people to travel the world, providing the best possible service and to remain the preferred airline carrier in the Faroe Islands. In line with our mission and vision statement, Atlantic Airways strives to provide the Faroe Islands with safe, commercially viable, diverse, and competitive air travel to the rest of the world.
    [Show full text]
  • THE TRANSFORMATION of A.P. MOLLER – MAERSK Claus V
    THE TRANSFORMATION OF A.P. MOLLER – MAERSK Claus V. Hemmingsen, Vice CEO of A.P. Moller-Maersk & CEO of the Energy division Copenhagen, 12 December 2017 page 2 A.P. Moller - Maersk: Historically a diversified conglomerate A century of entrepreneurial growth A truly global company Examples of Maersk businesses past 25 years: • Passenger airline (Maersk Air) • Medical devices (Maersk Medical) • Information technology (Maersk Data) • Plastic manufacturing (Rosti) • Retail (Dansk Supermarked) • Banking (Danske Bank) ... and prior hereto, A.P. Moller - Maersk has been Most successful ventures have had a close involved in such businesses as motor link to a maritime operating environment manufacturing, sugar plantations, oil refining, and fishing. page 3 Changes in three driving forces emerging in early 2015 challenged the conglomerate structure and drove the decision to transform the company The end of 100 USD/barrel oil and the energy transition The end of the ‘trade multiplier effect’ - low global trade growth The digital revolution page 4 Energy businesses, constituting 24% of revenues, to be replaced with organic and inorganic growth in Transport & Logistics Maersk Group revenue and invested capital split (2016 FY) Transport & Logistics Energy 76% 24% Revenue Revenue 70% 30% Invested capital Invested capital +18% Hamburg Süd revenue (transaction closed 30th of November) page 5 Portfolio of companies in Energy to be separated out of A.P. Moller – Maersk Sold (EV USD 7.45bn) – Reclassified as held for Contininuing business Sold (EV 1.2bn)
    [Show full text]
  • 363 Part 238—Contracts With
    Immigration and Naturalization Service, Justice § 238.3 (2) The country where the alien was mented on Form I±420. The contracts born; with transportation lines referred to in (3) The country where the alien has a section 238(c) of the Act shall be made residence; or by the Commissioner on behalf of the (4) Any country willing to accept the government and shall be documented alien. on Form I±426. The contracts with (c) Contiguous territory and adjacent transportation lines desiring their pas- islands. Any alien ordered excluded who sengers to be preinspected at places boarded an aircraft or vessel in foreign outside the United States shall be contiguous territory or in any adjacent made by the Commissioner on behalf of island shall be deported to such foreign the government and shall be docu- contiguous territory or adjacent island mented on Form I±425; except that con- if the alien is a native, citizen, subject, tracts for irregularly operated charter or national of such foreign contiguous flights may be entered into by the Ex- territory or adjacent island, or if the ecutive Associate Commissioner for alien has a residence in such foreign Operations or an Immigration Officer contiguous territory or adjacent is- designated by the Executive Associate land. Otherwise, the alien shall be de- Commissioner for Operations and hav- ported, in the first instance, to the ing jurisdiction over the location country in which is located the port at where the inspection will take place. which the alien embarked for such for- [57 FR 59907, Dec. 17, 1992] eign contiguous territory or adjacent island.
    [Show full text]
  • Economic Development of Ultra Small Peripheral Regions of West Europe (Case of Aland and Faroe Islands)
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Efimova, Elena; Kuznetsova, Natalia Conference Paper Economic development of ultra small peripheral regions of West Europe (Case of Aland and Faroe islands) 54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia Provided in Cooperation with: European Regional Science Association (ERSA) Suggested Citation: Efimova, Elena; Kuznetsova, Natalia (2014) : Economic development of ultra small peripheral regions of West Europe (Case of Aland and Faroe islands), 54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia, European Regional Science Association (ERSA), Louvain-la-Neuve This Version is available at: http://hdl.handle.net/10419/124527 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte.
    [Show full text]
  • Operational Performance Reporting Manchester Airport May 2019
    Operational Performance Reporting Manchester Airport May 2019 Departure Punctuality - May-19 Last Month Last Year % Change Target Var to Target First Wave 82.6% 81.7% 0.8% 85.0% -2.4% Not First Wave 71.9% 69.0% 2.9% 85.0% -13.1% Grand Total 74.3% 71.6% 2.7% 85.0% -10.7% Departure Punctuality - Last 12 Months This Year Prev Year % Change Target Var to Target First Wave 84.3% 81.6% 2.7% 85.0% -0.7% Not First Wave 69.5% 68.7% 0.8% 85.0% -15.5% Grand Total 72.7% 71.5% 1.3% 85.0% -12.3% ATMs and Passenger Volumes MTD YTD Last Year Change Last Year Change Last Year Change Last Year Change Terminal Flight Passengers Passengers %MovementsMovements % Passengers Passengers %MovementsMovements % Arriving 545,467 563244 -3% 3505 3737 -6% 1,080,252 1115239 -3% 6706 6980 -4% Terminal 1 Departing 586,891 623289 -6% 3528 3763 -6% 1,117,864 1128962 -1% 6728 6986 -4% Terminal 1 1,132,358 1186533 -5% 7033 7500 -6% 2,198,116 2244201 -2% 13434 13966 -4% Total Arriving 313,193 245068 28% 1612 1229 31% 562,443 448965 25% 2749 2144 28% Terminal 2 Departing 344,287 274067 26% 1692 1307 29% 589,613 452551 30% 2831 2208 28% Terminal 2 657,480 519135 27% 3304 2536 30% 1,152,056 901516 28% 5580 4352 28% Total Arriving 410,961 379554 8% 3689 3695 -0% 821,999 770111 7% 7242 7207 0% Terminal 3 Departing 432,966 405205 7% 3694 3704 -0% 847,837 775259 9% 7246 7218 0% Terminal 3 843,927 784759 8% 7383 7399 -0% 1,669,836 1545370 8% 14488 14425 0% Total Grand Total 2,633,765 2490427 6% 17720 17435 2% 5,020,008 4691087 7% 33502 32743 2% Monthly Airline Movements Top 10 Operator
    [Show full text]
  • SAS-Annual-Report-1998-English.Pdf
    Annual Report 1998 The SAS Group SAS Danmark A/S • SAS Norge ASA • SAS Sverige AB A strong traffic system Table of contents SAS offers its customers a global traffic system. This is a network which provides Important events during 1998 1 SAS assets 49 them with convenient and efficient travel Comments from the President 2 SAS’s brand 50 connections between continents, coun- A presentation of SAS 4 The aircraft fleet 51 tries and towns, and which enables SAS to SAS and the capital market 5 Risk management and credit ratings 54 continue to be successful in an increasing- SAS International Hotels 12 ly competitive market. Data per share Financial reports 57 SAS participates actively in the creation SAS Danmark A/S 13 The structure of the SAS Group 58 and development of Star Alliance™, the SAS Norge ASA 14 Comments from the Chairman 59 world’s strongest airline alliance involving SAS Sverige AB 15 Report by the Board of Directors 60 the partnership of SAS, Air Canada, Luft- Ten-year financial overview 16 SAS Group’s Statement of Income 62 hansa, Thai Airways International, United SAS Group’s Balance Sheet 64 Airlines and Varig Brazilian Airlines. Air New The international market situation 19 SAS Group’s Statement of Changes Zealand and Ansett Australia become active International trends 20 in Financial Position 66 members from March 28; All Nippon Airways Development of the industry 22 Accounting and valuation principles 69 later in 1999. Customer needs and preferences 25 Notes 71 In the Scandinavian market, SAS offers Auditors Report 77 an unbeatable network together with its Markets and traffic 27 SAS’s Board of Directors 78 regional partners Cimber Air, Widerøe, Markets 28 SAS’s Management 80 Skyways, Air Botnia and Maersk.
    [Show full text]