American Airlines Anuncia Planes de Renovación para el Salón del “Admirals Club” en el Aeropuerto Internacional Logan
March 5, 2009
05/03/2009 /PR Newswire Latinoamerica/ — American Airlines ha iniciado un completo proyecto de renovación en su salón del “Admirals Club” en el Aeropuerto Internacional Logan en Boston. Este proyecto, programado para terminar a principios de 2010, comprende la reconfiguración de la planta para crear un espacio más abierto.
“Estamos muy satisfechos de ofrecer a los miembros y visitantes con pase diario del Admirals Club un espacio adicional y una instalación modernizada en la ciudad de Boston”, dijo Nancy Knipp, Presidente de Admirals Club para American Airlines. “La renovación de nuestro Admirals Club será un paso más en el esfuerzo por atender mejor a nuestros miembros e invitados”.
El salón remodelado contará con 214 asientos y sumará un ciber café, un salón para niños con programas de televisión y juegos de computación apropiados para su edad, cinco nuevos televisores de pantalla plana y una sala de TV y cafetería donde los clientes podrán disfrutar de bocadillos livianos, jugos, te, café y refrescos en forma gratuita, o comprar una deliciosa comida o refrescante bebida del menú que ofrece el programa Amora(TM).
Fuente: American Airlines
CIRCOR Aerospace Announces Acquisition of Bodet Aero
March 5, 2009
PARIS–(Marketwire – March 5, 2009) – CIRCOR Aerospace Products, a CIRCOR International (NYSE: CIR) business, has completed the acquisition of Bodet Aero of Chemille, France and is acquiring the related ATLAS Productions of Tangier, Morocco from Groupe BMP. Bodet Aero and ATLAS are leading manufacturers of electro-mechanical and fluidic controls for aerospace, defense and transportation markets and will join Industria, S.A.S. of Paris, France, to increase the CIRCOR Aerospace Group capability in the European market.
Bodet Aero has over 20 years of experience in the design and manufacture of specialized aircraft controls system components including aircraft landing gear wheel speed tachometers, flight control pedal transmitters, speed reducers and integrated fluidic and electro-mechanical controls components. ATLAS Productions was formed in 2005 in the Tangiers, Morocco free trade zone and specializes in low cost manufacturing of aerospace components. Bodet Aero and ATLAS products are found on a full range of aerospace platforms, including the Airbus family of commercial aircraft, defense applications and business aviation platforms including the Dassault Falcon 7X.
CIRCOR Aerospace is a global leader in the design, manufacture and testing of high reliability, severe service fluid controls, control systems, and integrated landing gear systems. CIRCOR Aerospace has design and manufacturing centers in North America, Europe and Asia, producing aerospace products under the Circle Seal, Aerodyne, Industria, Motor Technology and Loud brand names.
Jacques Bodet, President of Bodet Aero, stated, “I am pleased to combine my business with Industria and CIRCOR Aerospace and will stay on to lead the business into the future. I believe CIRCOR’s aerospace experience and global reach will significantly expand the growth opportunities available to our business.”
Commenting on the transaction, Chris Celtruda, Group Vice President for CIRCOR Aerospace Products, stated, “We are excited to have the Bodet Aero and ATLAS capabilities as part of the CIRCOR Aerospace team. Our strategy of expanding our electro-mechanical controls product line and continued focus on world class manufacturing make this a great fit for our aerospace business. We look forward to continuing Bodet’s long tradition of engineering, manufacturing and service excellence and look forward to the ability build on the strong Bodet reputation.”
CIRCOR International is headquartered in Burlington, Massachusetts and the CIRCOR Aerospace Products group is headquartered in Corona, California. Industria S.A.S. is a wholly-owned France based subsidiary of the CIRCOR Aerospace Group.
EuroConsult Inc. acted as financial adviser to CIRCOR on this transaction, and Financiere MP acted as exclusive adviser to BMP. Also, White and Case acted as legal counsel to BMP and CMS Bureau Francis Lefebvre as legal counsel to CIRCOR.
EBAA and NBAA Call for Nominations for 2009 European Business Aviation Award
March 4, 2009
Brussels, Belgium – 03 March 2009Contact: Romain Martin, +32 2 766 00 73, rmartin@ebaa.org Brussels, Belgium, March 03, 2009 –The European Business Aviation Association (EBAA) and the National Business Aviation Association (NBAA), co-producers of the European Business Aviation Convention & Exhibition (EBACE), are calling for nominations for the 2009 European Business Aviation Award. The award honors individuals who have made a significant contribution to the advancement of business aviation in Europe, and is presented each year to one or more individuals during EBACE, the only European exhibition focusing solely on business aviation. The exhibition brings together business leaders, government officials, manufacturers, business aviation department personnel and all manner of people involved in nearly all aspects of business aviation. The exhibition is held in Geneva, Switzerland and takes place at the Geneva PALEXPO, which covers more than 100,000 square meters distributed in seven halls. Nominations for the 2009 award are due to EBACE’s European Office by April 12 (address and other contact information for the office are included below). The EBACE Award Committee will review and select appropriate award recipients based on nominations that must include:
A letter introducing the nominee and explaining why he or she is proposed for the award. This document serves as the nominator’s letter of reference. (Additional letters of reference from individuals other than the nominator are optional, and may assist the Award Committee in reaching a judgment).
The nominee’s professional biography and/or resume describing nominee’s education, employment, accomplishments and honors.
Any relevant supporting documents, including newspaper clippings, publications and articles related to the nomination.
Past recipients of the European Business Aviation Award are as follows (titles shown were current at time of award presentation):
Mark Booth, Chairman and CEO of NetJets Europe (2008)
– 2 –
Judith Moreton, Bombardier Skyjet International, and Mark Wilson, British Business and General Aviation Association (2007)
Geneva PALEXPO and Flight Safety International (2006)
TAG Aviation and Cannes/Mandelieu Airport (2005)
Jean-Francois Georges, Dassault Aviation, and Fernand Francois, European Business Aviation Association (2004)
Ahid Quntar, Royal Wings/Arab Wings, and Andrew Walters, Regional Airports Ltd. (2003)
Richard Gooding, London City Airport, and Jean-Pierre Jobin, Geneva International Airport (2002)
Kjeld Kirk Kristiansen, LEGO, and Frederik Sørensen, Head of Unit, European Commission (2001)
Nominations should be mailed to EBACE’s European Office by April 12, 2009.
EBACE European Office Attn: Romain Martin Avenue de Tervuren, 13 1040 Brussels, Belgium Tel: +322-766-0073 Fax: +322-768-1325 E-mail: info-eu@ebace.aero *** EBAA
The European Business Aviation Association (EBAA) was founded in 1977 to defend the interests of business aviation. Today, more than 500 business aviation companies (direct members or members of associate organizations) rely on the EBAA to protect their business interests. It is the only voice to represent business aviation among the European institutions. For more information, visit www.ebaa.org.Brussels, Belgium – 03 March 2009
Contact: Romain Martin, +32 2 766 00 73, rmartin@ebaa.org Brussels, Belgium, March 03, 2009 –The European Business Aviation Association (EBAA) and the National Business Aviation Association (NBAA), co-producers of the European Business Aviation Convention & Exhibition (EBACE), are calling for nominations for the 2009 European Business Aviation Award. The award honors individuals who have made a significant contribution to the advancement of business aviation in Europe, and is presented each year to one or more individuals during EBACE, the only European exhibition focusing solely on business aviation. The exhibition brings together business leaders, government officials, manufacturers, business aviation department personnel and all manner of people involved in nearly all aspects of business aviation. The exhibition is held in Geneva, Switzerland and takes place at the Geneva PALEXPO, which covers more than 100,000 square meters distributed in seven halls. Nominations for the 2009 award are due to EBACE’s European Office by April 12 (address and other contact information for the office are included below). The EBACE Award Committee will review and select appropriate award recipients based on nominations that must include:
A letter introducing the nominee and explaining why he or she is proposed for the award. This document serves as the nominator’s letter of reference. (Additional letters of reference from individuals other than the nominator are optional, and may assist the Award Committee in reaching a judgment).
The nominee’s professional biography and/or resume describing nominee’s education, employment, accomplishments and honors.
Any relevant supporting documents, including newspaper clippings, publications and articles related to the nomination.
Past recipients of the European Business Aviation Award are as follows (titles shown were current at time of award presentation):
Mark Booth, Chairman and CEO of NetJets Europe (2008)
– 2 –
Judith Moreton, Bombardier Skyjet International, and Mark Wilson, British Business and General Aviation Association (2007)
Geneva PALEXPO and Flight Safety International (2006)
TAG Aviation and Cannes/Mandelieu Airport (2005)
Jean-Francois Georges, Dassault Aviation, and Fernand Francois, European Business Aviation Association (2004)
Ahid Quntar, Royal Wings/Arab Wings, and Andrew Walters, Regional Airports Ltd. (2003)
Richard Gooding, London City Airport, and Jean-Pierre Jobin, Geneva International Airport (2002)
Kjeld Kirk Kristiansen, LEGO, and Frederik Sørensen, Head of Unit, European Commission (2001)
Nominations should be mailed to EBACE’s European Office by April 12, 2009.
EBACE European Office Attn: Romain Martin Avenue de Tervuren, 13 1040 Brussels, Belgium Tel: +322-766-0073 Fax: +322-768-1325 E-mail: info-eu@ebace.aero *** EBAA
The European Business Aviation Association (EBAA) was founded in 1977 to defend the interests of business aviation. Today, more than 500 business aviation companies (direct members or members of associate organizations) rely on the EBAA to protect their business interests. It is the only voice to represent business aviation among the European institutions. For more information, visit www.ebaa.org.
Embraer Signs First Phenom 100 EEC Maintenance Contract in the U.S.
March 4, 2009
First jet customer will have its aircraft assisted by the Embraer Executive Care program
São José dos Campos, March 4, 2009 – Embraer has signed its first Phenom 100 individual
owner Embraer Executive Care (EEC) contract in the United States with Elizabeth and Jim
Frost. EEC is a fixed cost-per-hour maintenance program created in 2001 for the Legacy 600.
The Phenom EEC program was launched during the National Business Aviation Association
(NBAA) Annual Meeting and Convention, in October 2008, and offers both Phenom 100
entry level and Phenom 300 light jet customers the confidence and predictability of fixed-cost
maintenance support, including access to web-based maintenance tracking software.
“The response has been excellent, with a strong majority of our Phenom customers indicating their
intention to enroll upon delivery,” says Scott Kalister, Embraer Vice President Customer Support
USA, Canada, and the Caribbean – Executive Jets. “This confirms for us the value the EEC
program provides to the individual owner in managing the cost of maintaining their aircraft.”
The Frosts were the initial customers to take delivery of a Phenom 100 in December of 2008.
Jim was the first pilot-owner to fly the aircraft, and Betsy, the third. Both have logged over 2,500
flight hours, and they know the importance of a strong, reliable maintenance program.
“The EEC program is an important part of the overall ownership experience, giving us a known
operational cost per hour for an airplane that has almost no operational maintenance history,” says
Jim Frost. “The EEC also allows us to change the operation profile as our flight schedule changes,
and we expect it to provide nose-to-tail coverage of just about any need we have with our new
Phenom jet.”
About the Embraer Executive Care (EEC)
As with the Legacy 600, the Phenom EEC program offers a choice of coverage levels. The
standard module covers airplane parts from tip-to-tail, when combined with ESP® Program
(Eagle Service Plan™) from Pratt & Whitney Canada Corp., which is an advantage in this executive jet category. EEC takes virtually all of the guesswork and uncertainty out of aircraft
ownership. The program even covers the costs associated with shipping and insurance for
serviceable parts that are replaced at normal maintenance intervals.
Under the enhanced EEC module, the program also covers labor for scheduled and unscheduled
maintenance, including the cost incurred when Embraer’s Mobile Recovery Services (MRS) are
called into action in an Aircraft On Ground (AOG) situation. The comprehensiveness of this
option is unique when compared to any other pay-per-hour service plan offered in the market.
The program fee is specific to each Embraer executive jet and is adjusted to the yearly usage
level of the aircraft, contemplating both high and low usage operational profiles for the
aircraft. Embraer’s pre-negotiated contracts with service centers, logistics providers and parts
suppliers make EEC available. The Phenom jets’ engines are covered by Pratt & Whitney
Canada’s ESP® program.
In addition to the EEC, Embraer has component pool programs shared by the worldwide fleet,
enabling the Company to offer the lowest exchange expenses, mitigating cost increases for
parts, labor and unscheduled maintenance.
Upgrades for Cessna Business Aircraft May Qualify for Bonus Depreciation
March 4, 2009
WICHITA, Kan., March 4, 2009 Officials in Cessna Aircraft Company’s Customer Service organization said today enhancements made to Cessna business aircraft in 2009 may qualify for the new bonus depreciation tax treatment included in the recent federal stimulus legislation, depending on the tax accounting treatment a company uses for the upgrade. Cessna is a Textron Inc. (NYSE: TXT) company.
“This is a good time to consider enhancements to your Citation, such as a glass cockpit, productivity features in the cabin, upgraded operational or navigational systems,” said Mark Paolucci, senior vice president, Cessna Customer Service. “As long as the upgrade adds value to the aircraft or increases the life of the aircraft, it may qualify for favorable bonus depreciation tax treatment in 2009.*”
Paolucci said Cessna already offers a number of value-adding upgrades for Citations such as communications upgrades, avionics upgrades, TCAS and radar upgrades, enhanced instrumentation, RVSM, WAAS/FMS updates, interior upgrades, and new paint.
“Cessna knows the personality of your airplane better than anyone, which means we can better advise you about the systems or upgrades we offer that will enhance the safety and operation of the aircraft. As a result of the current business climate, utilization is lower which makes now the perfect time to schedule major upgrades – less disruption to operations,” Paolucci said. The upgrades must be installed on the aircraft before December 31, 2009 to qualify.
Cessna owns or operates nine Citation Service Centers in the U.S. and Europe, including the newest center in Mesa, Ariz. For more information on available aircraft modifications, contact a Cessna representative at 888-85-SERVICE (888-857-3784).
Febrero/Marzo 2009
March 4, 2009
IBERIA CIERRA 2008 CON 32 MILLONES DE EUROS DE BENEFICIOS
March 3, 2009
Es el decimotercer ejercicio consecutivo con beneficios
ß Las medidas incluidas en el Plan Director han permitido reducir el coste de explotación unitario en un 5,1 por ciento, excluyendo el combustible
ß El precio del combustible se disparó, aumentando el gasto en 521 millones de euros; el resto de gastos de explotación, sin embargo, disminuyeron en 241 millones de euros
ß Los ingresos de explotación descendieron un 1,3 por ciento respecto al año anterior, debido en parte a la depreciación del dólar. Con tipos de cambio constantes, los ingresos se habrían incrementado ligeramente
ß El negocio de mantenimiento continuó aumentando de forma significativa su facturación a terceros, un 8,7 por ciento en 2008, y ampliando la cartera de productos y clientes
ß Al finalizar el ejercicio, el balance de situación consolidado refleja la sólida posición financiera que mantiene la compañía, con un patrimonio neto de 1.564 millones de euros y con un saldo de disponible de 2.350 millones de euros
ß La productividad del personal (medida en AKO por empleado) aumentó un 3,9 por ciento y la utilización de la flota (medida en horas bloque por avión) se incrementó un 4,3 por ciento, hasta alcanzar 10 horas diarias por avión
Madrid, 27 de febrero de 2009
Iberia ha enviado hoy a la CNMV los datos correspondientes al ejercicio 2008, uno de los más difíciles de la historia reciente, pese a lo cual la compañía ha obtenido 32 millones de euros de beneficio consolidado, convirtiéndose en el decimotercer año consecutivo que Iberia cierra en positivo.
El elemento que más ha condicionado el resultado final ha sido la evolución del precio del combustible, que le ha supuesto a Iberia un incremento de este gasto del 45,5 por ciento. Iberia ha abonado 1.666 millones de euros por este concepto, 521 millones de euros más que en 2007. Con esta subida, el combustible ya supone un 30,1 por ciento de los gastos de explotación del grupo y un 33,6 por ciento de los del negocio de Transporte.
Sin embargo, gracias a las medidas de reducción de costes y racionalización de la red incluidas en el Plan Director, la compañía ha logrado reducir el resto de costes de explotación en un 5,6 por ciento, equivalentes a 241 millones de euros.
Oferta estable
La oferta medida en Asientos Kilómetro Ofrecidos se ha reducido levemente en 2008 (-0,5 por ciento) como consecuencia de las medidas tomadas por la compañía para racionalizar la red y adaptarse a una situación de crisis económica y menor demanda. Así, aunque la compañía inició el año con ligeros crecimientos, un 1,7 por ciento en el primer trimestre, en el tercero y cuarto la oferta se redujo un 0,2 y un 5,3 por ciento respectivamente, al tomarse medidas de ajuste para hacer frente a la situación de ralentización de los mercados.
Mientras en las rutas internacionales Iberia ha seguido creciendo en torno a un tres por ciento, en el mercado doméstico la reducción ha sido significativa, del 17,1, siguiendo la estrategia definida en el plan director y la necesaria adaptación a los cambios producidos en este mercado.
El factor de ocupación se ha situado en un 80 por ciento, 1,6 puntos menos en el año anterior, pese a lo cual sigue estando en lo más alto entre las compañías de red, y es cuatro puntos superior a la media de las compañías agrupadas en la Asociación Europea de Líneas Aéreas, AEA.
Mayores ingresos de mantenimiento
Los ingresos de explotación del grupo, de 5.450 millones de euros, descendieron un 1,3 por ciento respecto al año anterior, debido en parte a la depreciación del dólar. Con tipos de cambio constantes, los ingresos se habrían incrementado ligeramente. De los diferentes negocios, el mayor incremento de los ingresos se dio en Mantenimiento a terceros, que alcanzaron 297 millones de euros, un 8,7 por ciento más que en 2007, a pesar de que la depreciación del dólar tuvo un efecto negativo de más de cuatro puntos porcentuales.
Mayor productividad de los recursos
Una de las prioridades del plan director 2006-2008 era lograr una mayor productividad de los recursos, objetivo que se ha logrado claramente en este ejercicio. Así, la productividad del personal del Grupo, medida en AKO por empleado, aumentó un 3,8 por ciento, y el coste unitario de personal descendió un 3,9 por ciento respecto a 2007, situándose en 2,0 céntimos de euro por AKO.
Por otro lado, la utilización media de la flota alcanzó las 10 horas diarias, un 4,3 por ciento más que el año anterior, favorecido por el proceso de modernización y homogeneización iniciado años antes y que concluyó precisamente en 2008. Así, Iberia opera en la actualidad solo dos tipos de avión, uno para el largo radio y otro para el corto y medio, mientras que la edad media de la flota se ha situado en apenas siete años.
Finalmente, el balance de situación consolidado refleja la sólida posición financiera que mantiene la compañía, con un patrimonio neto de 1.564 millones de euros y con un saldo de disponible de 2.350 millones de euros, elementos que le ofrecen estabilidad en unos momentos de crisis financiera y falta de liquidez en los mercados.
Plan estratégico 2009-2011
En 2008 Iberia dio por concluido el Plan Director 2006-2008 logrando los objetivos previstos que, en el caso de los beneficios. se han superado en un 54 por ciento y los ingresos en un 8 por ciento.
Ahora la compañía acaba de poner en marcha el plan estratégico para el periodo 2009-2011, con el objetivo de recuperar los niveles de rentabilidad y alcanzar un EBITDAR por encima del 15 por ciento.
El nuevo plan está basado, principalmente, en la mejora de los ingresos por la vía de la mejora del servicio al cliente. Así, el Plan Integral de Mejora del Servicio al Cliente contempla la inversión de 150 millones de euros en el próximo trienio para las distintas mejoras, entre ellas la completa renovación de la clase Turista y el inicio del diseño de la nueva Business de largo radio, la remodelación de las salas Vip en aeropuertos clave, la agilización de los embarques para clientes Business, un cambio de todos los procesos y un claro enfoque hacia la mejora de la actitud de servicio al cliente.
La compañía sigue apostando por reforzar el liderazgo con América Latina y Europa y por mantener la presencia en el mercado doméstico, así como por potenciar el posicionamiento estratégico de Iberia en un mercado que está en continua transformación.
La compañía seguirá haciendo uso de la flexibilidad que en los últimos años le ha permitido mantenerse con beneficios de tal forma que, en vista del mal comportamiento de los mercados en las primeras semanas del año, va a poner en marcha planes de reducción de capacidad adicionales así como otras medidas de reducción de gastos.
Iberia es hoy la compañía líder en España y en los vuelos que unen Europa con América Latina. Sus ingresos de explotación fueron de 5.522 millones de euros en 2007, mientras que obtuvo unos beneficios netos de 327,6 millones de euros. El Ebitdar fue de 932 millones de euros en ese mismo período de tiempo. Al mismo tiempo es una de las empresas más destacadas por su compromiso social, económico y medioambiental. Junto con su franquicia, Iberia Regional, ofrece 1.000 vuelos diarios a un centenar de destinos. Iberia transportó 28,5 millones de pasajeros en 2008. Además, es miembro de la alianza oneworld junto con American Airlines, British Airways, Cathay Pacific, Finnair, JAL, LAN, Malev, Qantas y Royal Jordanian.
IBERIA EARNED 2008 PROFIT OF 32 MILLION EUROS
March 3, 2009
Thirteenth Consecutive Profitable Year
ß Measures included in multi-year strategic plan achieved a 5.1% reduction in unit operating costs, excluding fuel
ß Fuel prices soared, swelling expenditures by 521 million euros, but other operating costs declined by 241 million euros
ß Operating revenues slipped by 1.3%, partly because of the depreciation of the U.S. dollar. At constant exchange rates, there would have been a small increase
ß The maintenance unit achieved an 8.7% rise in revenues from outside clients, with new clients and new services
ß The end-year balance sheet showed that Iberia’s financial position remained very sound, with a net worth of 1,564 million euros and current assets of 2,350 million
ß Productivity, measured as available seat kilometres (ASKs) per employee, rose by 3.9% in the year, and the fleet utilisation rose by 4.3% to an average of 10 hours per aircraft/day
Madrid, February 27th, 2009
Iberia today reported its 2008 results to Spain’s CNMV securities market authority, showing that the Spanish airline earned a profit of 32 million euros in the year, one of the most difficult in recent memory, making it the 13th consecutive year of positive results for the company.
The item having the largest impact on the final result was the price of aviation fuel, which cost Iberia 45.5% more in 2008. Iberia spent 1,666 million euros on fuel, 521 million euros more than in 2007. The rise meant that fuel accounted for 30.1% of group-wide operating expenses and 33.6% of those of the transport business.
However, thanks to the cost-cutting and route rationalisation measures prescribed in the strategic plan, the company managed to cut non-fuel operating costs by 5.6%, or some 241 million euros.
Stable Seat Supply
Overall seat/kilometre supply declined by 0.5% in 2008, as the company reorganized its route network to adapt to the economic crisis and the slump in demand. Total available seat kilometres (ASKs) increased by 1.7% in the first quarter, but declined by 0.2% in the third, and 5.3% in the fourth, in response to the weakening market.
While supply on Iberia’s international routes was increased by about 3%, capacity on domestic routes was cut by a hefty 17.1%, in keeping with the provisions of the 2006-2008 strategic plan, and reflecting changes in this market.
The load factor eased by 1.6 points to 80% for the year, but this remained among the top scores by network airlines, and was four points above the average for members of the Association of European Airlines (AEA).
Larger Earnings from Maintenance Division
Total operating revenues declined by 1.3% to 5,450 million euros in 2008, but this was partly due to the depreciation of the U.S. dollar. At constant exchange rates, there would have been a slight increase in revenues. Among business units, the best performer was the maintenance division, whose revenues from outside clients rose by 8.7% to 297 million euros, despite the impact of the weaker dollar, which subtracted more than four percentage points from the total.
Higher Productivity from Personnel and Equipment
One of the chief aims of the 2006-2008 plan was to achieve higher productivity and it was clearly achieved this year. Measured in ASKs per employee, productivity climbed 3.8% in the year, while unit personnel costs declined by 3.9% from 2007 levels, reaching 0.02 euros per ASK.
Meanwhile, utilisation of the aircraft fleet rose by 4.3% to 10 hours aircraft/day, thanks to fleet modernisation and homogenisation measures which concluded in 2008. Today Iberia flies only two types of aircraft, one for long-haul flights and the other for short and medium distances. The average age of Iberia aircraft now stands at seven years.
The Iberia group’s balance sheet at the end of 2008 continues to reflect the company’s sound financial position. With a net worth of 1,564 million euros and current assets of 2,350 million euros, the company is well-placed to withstand the financial crisis and the shortage of liquidity in credit markets.
Strategic Plan 2009-2011
Last year saw the conclusion of Iberia’s 2006-2008 strategic plan, in which all targets were met, or even surpassed –revenues by 8%, and profits by 54%.
Now the company is implementing a new plan for the 2009-2011 period, with the aim of restoring earlier levels of profitability and reaching EBITDAR growth of 15%.
The plan is focused mainly on growing revenues via improvements in service to customers. An investment of 150 million euros is to be disbursed in the period on a comprehensive renovation of Tourist Class, along with the launch of a redesign project for long-haul Business Class, the remodelling of VIP lounges in key airports, the streamlining of boarding procedures for business travellers, changes in all processes, and a determined effort to improve the treatment of passengers.
Iberia will continue to strengthen its leadership of Europe-Latin America and Spain-Europe routes, while maintaining its position in the domestic market, and improving its overall strategic positioning in a continuously changing market.
The company will continue to avail itself of the flexibility which in recent years has enabled it to remain profitable. This means that, in view of the poor behaviour of the markets in the early weeks of 2009, it will implement plans to further trim both capacity and spending.
Today, Iberia is Spain’s leading airline and also market leader on flights between Europe and Latin America. In 2008 it posted operating income of more than 5.45 billion euros and net earnings of 32 million, with an Ebitdar of 500 million. Iberia is also distinguished by its social, corporate, and environmental policies. Along with its franchise partner Iberia Regional, it operates some 1,000 flights every day to about 100 destinations. In 2008 Iberia carried 28.5 million passengers. It is a member of the oneworld airline alliance along with American Airlines, British Airways, Cathay Pacific, Finnair, JAL, LAN, Malev, Qantas and Royal Jordanian.
Elbit Systems Wins Two Airport Defense Contracts
March 3, 2009
Haifa, Israel, March 2, 2009 – Elbit Systems Ltd. (NASDAQ:ESLT) announced today that its subsidiary, Elbit Security Systems ELSEC, was awarded two Airport defense contracts.
The first project calls for the upgrade of the security system in a European international airport.
The international airport project includes the upgrade of the existing electronic systems, a new control room and the training of the technical and security teams. The Perimeter Intrusion Detection System (PID) will include an active fence technology, long- and medium-range day and night surveillance systems, checkpoints and Command & Control systems.
The second contract calls for the supply of Perimeter Intrusion Detection systems for three central airports in another country. The systems base on active fence technology, day and night surveillance systems, and Command & Control systems.
Both contracts are valued at several million dollars.
ELSEC is also the developer, integrator and supplier of the “Code Positive” system to the Israeli Ministry of Transportation. The system increases civil aviation safety levels by identifying aircraft and pilots nearing Israel who are under threat of a terror attack.
Uri Dobkin, ELSEC General Manager, said: “Our selection for these airport security projects reflects once more Elbit Systems’ leadership in this emerging field. We expect that the globally increasing demand for integrated homeland security solutions, as well as our accumulating experience, will create more opportunities already in the near future.”
Cessna Achieves Russian Certification for Citation Sovereign
March 3, 2009
WICHITA, Kan., March 2, 2009 Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, has achieved Russian type certification for the Citation Sovereign from Russia’s MAK (Interstate Aviation Committee, Aviation Register), which previously certified four current production models: Citation X, CJ3, CJ2+ and CJ1+.
“The value proposition our line of Citation business jets offers has proven popular in Russia, and certifying the Citation Sovereign expands the sensible solutions we can offer customers,” said Cessna Vice President, International Sales, Trevor Esling. “The Citation Sovereign offers an excellent combination of cabin size, range, performance and operating cost for any potential Russian purchaser looking at acquiring a midsize business jet for operation within the Russian Federation and also all points within the European Union.”
Since the first delivery in late 2004, more than 250 Citation Sovereigns have been delivered. Certified for operations to 47,000 feet (14,326 meters), the Sovereign can take off from airfields as short as 3,640 feet (1,109 meters)* and has a maximum range of 2,847 nautical miles (5,272 kilometers) and a maximum cruise speed of 458 knots true air speed/527 miles per hour (848 kilometers per hour).
*Max takeoff weight, sea level, ISA, takeoff field length per FAR 25, 15° flaps
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