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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
Iberia launch takes on low-cost rivals By Leslie Crawford in Madrid Published: April 27 2006 03:00 | Last updated: April 27 2006 03:00 Iberia, the Spanish flag carrier, will launch a low-cost airline in October to compete with rivals such as EasyJet, Ryanair and Air Berlin, low-cost carriers that have cornered almost one-third of airline travel to Spain. Iberia said yesterday its low-cost offshoot - yet to be named - would be based in Barcelona, the destination of 40 per cent of low-cost flights to Spain. Iberia will contribute €24m ($30m) to the new airline's €50m in start-up capital. Four domestic partners, including ACS, Spain's largest builder, and Quercus, a private equity fund, will provide the remaining capital. A survey published this week by the Institute of Tourism Studies in Spain showed that low-cost airlines brought 1.2m passengers to Spain in the first quarter of 2006 - 31 per cent of the total - and a 6 per cent increase over 2005. Traditional airlines, by contrast, have lost market share. "We cannot leave this important market to our low-cost rivals," Iberia said. Iberia said the new airline might seek a public listing in three to four years, depending on its financial performance. It will initially have five aircraft, building up to 30 by 2008. The new company is seeking slots in Europe, particularly in Germany and the UK, and will be attending a global auction of landing slots to be held in Vancouver in June. Iberia said the new low-cost carrier would be a stand-alone company with independent management, "so as not to contaminate the new airline with Iberia's higher cost structure". Nevertheless, the launch of a Barcelona-based low-cost carrier is expected to allow Iberia to concentrate on its Madrid hub and its most profitable routes, especially long-haul flights to the US and Latin America. Iberia said it would keep flying to European destinations, as they were important feeder routes that brought passengers for its long-haul flights. One quarter of Iberia's long-haul passengers come from outside Spain. But the company said it would gradually eliminate its non-profitable domestic routes to cut costs. http://news.ft.com/cms/s/2ef10f6c-d5...0779e2340.html |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet ,
In article .com,
() wrote: Iberia said the new low-cost carrier would be a stand-alone company with independent management, "so as not to contaminate the new airline with Iberia's higher cost structure". I think the reporter mistyped "so as not to contaminate Iberia's brand by association". ---------------------------------------------- The poster formerly known as . |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
wrote: Iberia launch takes on low-cost rivals By Leslie Crawford in Madrid Published: April 27 2006 03:00 | Last updated: April 27 2006 03:00 Iberia, the Spanish flag carrier, will launch a low-cost airline in October to compete with rivals such as EasyJet, Ryanair and Air Berlin, low-cost carriers that have cornered almost one-third of airline travel to Spain. Iberia said yesterday its low-cost offshoot - yet to be named - would be based in Barcelona, the destination of 40 per cent of low-cost flights to Spain. Iberia will contribute €24m ($30m) to the new airline's €50m in start-up capital. Four domestic partners, including ACS, Spain's largest builder, and Quercus, a private equity fund, will provide the remaining capital. A survey published this week by the Institute of Tourism Studies in Spain showed that low-cost airlines brought 1.2m passengers to Spain in the first quarter of 2006 - 31 per cent of the total - and a 6 per cent increase over 2005. Traditional airlines, by contrast, have lost market share. "We cannot leave this important market to our low-cost rivals," Iberia said. Iberia said the new airline might seek a public listing in three to four years, depending on its financial performance. It will initially have five aircraft, building up to 30 by 2008. The new company is seeking slots in Europe, particularly in Germany and the UK, and will be attending a global auction of landing slots to be held in Vancouver in June. Iberia said the new low-cost carrier would be a stand-alone company with independent management, "so as not to contaminate the new airline with Iberia's higher cost structure". Nevertheless, the launch of a Barcelona-based low-cost carrier is expected to allow Iberia to concentrate on its Madrid hub and its most profitable routes, especially long-haul flights to the US and Latin America. Iberia said it would keep flying to European destinations, as they were important feeder routes that brought passengers for its long-haul flights. One quarter of Iberia's long-haul passengers come from outside Spain. But the company said it would gradually eliminate its non-profitable domestic routes to cut costs. http://news.ft.com/cms/s/2ef10f6c-d5...0779e2340.html hmmm, they didnt waste any time did they .......... |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet ,
Martin wrote: On Fri, 28 Apr 2006 10:58:00 -0500, wrote: In article .com, () wrote: Iberia said the new low-cost carrier would be a stand-alone company with independent management, "so as not to contaminate the new airline with Iberia's higher cost structure". I think the reporter mistyped "so as not to contaminate Iberia's brand by association". Iberia will have merged or gone forever by 2010. -- Martin 2 Weeks ago BA and IB had a SECRET meeting between the senior managment http://blogs.periodistadigital.com/a...4/24/title_577 Nothing have transcende , IB shares surge when the news transcended. IB is one of the very few european airlines that doesn't need to merge or anything . 11th consecutive years of profits ( 400 Millions euros net profit in 2005) while the rest of airlines are struggling . More merit with the extremly competitive Spanish market . This move it's a STRIKE BACK , against all those LCC from Europe damaging Spanish domesstic market . Until now IB was only substaining strikes from LLC ... .. Now IB Strikes Back. IB have a very strong CASH position .. and it's starting to put at work .. With 30 planes before 2008 it will make blood in some LCC's .. . Air Mediterraneo , or same variation of that will be the name . This year to enter operation . Air Nostrum ( best european regional carrirer) will carry most of the managment . IBERIA could place an order during Berlin's Air Show (taking place in May 2006). IB would order 20 A350-900 + 10 options. Those would be for a long-haul fleet renewal. Also a couple of A380-800, in this case leased to ILFC . By the way TODAY , ANOTHER Airbus 340-600 enters the IB fleet . "Iberia receives its 13th Airbus A-340/600" Madrid, 26 of April of 2006 The 352-seat aircraft comes equipped with Iberia's new Business Plus class, for enhanced service and comfort on intercontinental routes. The Spanish company has named the aircraft Pío Baroja, in a tribute to one of Spain's literary greats. Iberia has just taken delivery of a new Airbus A-340/600, from the Airbus Toulouse plant, which will be used on the company's intercontinental routes to Latin America, the United States, and South Africa. It is the Spanish airline's 31st Airbus A-340 and the 13th 600 model. The acquisition of the new aircraft, registered as EC-JPU, is part of the company's programme to replace its older aircraft with the latest models that offer the best performance, while used less fuel, operating more quietly, and emitting less pollution. The new 352-seat Airbus A340/600 comes equipped with the new Business Plus section, Iberia's upgraded business class on intercontinental flights. It features exclusively-designed seats that unfold into completely flat beds within a rigid pod that ensures both comfort and privacy. The new seats also have a dual adjustable back cushion with a massage function, adjustable head rests and arm rests, and extendible leg rests. A digital system memorizes the passenger's preferred seat settings. The Business Plus section also features the most modern communications and entertainment systems, operated with an individual touch-screen. Passengers can send SMS and e-mail messages anywhere in the world in under 15 seconds, and speak on an individual satellite telephone. Business Plus passengers can choose from a variety of interactive computer games, first-run movies and quality documentaries on 26 video channels. In addition, there are 12 audio channels. During the flight, real-time images taken with a video camera mounted on aircraft's tail assembly are available on the individual screen and the general cabin screens. Iberia has named this aircraft Pío Baroja in a tribute to one of the most important 20th C. Spanish novelists. |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
IBERIA brand it's moving toward long range travel . Because of the development of the Spanish High Speed Network ( AVE ) most domestic routes will cease to be profitable . With an AVE Madrid-Barcelona for around 50 Euros reaching the center of the city , this domestic route for Iberia is doomed. Malaga-Madrid is the 3rd domestic route for Iberia. Of course when next year , 2007 , also enter service ... who is going to take the plane ? while the train let you in central Madrid ? Also the LCC is reshaping things .. so IBERIA will concentrate on it's LONG RANGE ROUTES , and some profitable european routes ONLY FROM MADRID BARAJAS , and the short routes and european NOT departing from MADRID BARAJAS , will go for both , Air Nostrum and this new LCC AIR MEDITERRANEA. |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
wrote: IBERIA brand it's moving toward long range travel . Because of the development of the Spanish High Speed Network ( AVE ) most domestic routes will cease to be profitable . With an AVE Madrid-Barcelona for around 50 Euros reaching the center of the city , this domestic route for Iberia is doomed. Malaga-Madrid is the 3rd domestic route for Iberia. Of course when next year , 2007 , also enter service ... who is going to take the plane ? while the train let you in central Madrid ? Also the LCC is reshaping things .. so IBERIA will concentrate on it's LONG RANGE ROUTES , and some profitable european routes ONLY FROM MADRID BARAJAS , and the short routes and european NOT departing from MADRID BARAJAS , will go for both , Air Nostrum and this new LCC AIR MEDITERRANEA. Also IBERIA will lease 4 Airbuses 380-800 !!! They will cover the MADRID-BUENOS AIRES ( MAD-EZE) , MADRID-NEW YORK (MAD-JFK) Still the route MAD-MEXICO cannnot be used with the A-380 because MEX is not ready yet for the A-380. The announcment will be made next month in Berlin Air Show . Also 20 A-350 options. |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet ,
On Fri, 28 Apr 2006 18:02:15 +0200, Martin wrote:
On Fri, 28 Apr 2006 10:58:00 -0500, wrote: In article .com, () wrote: Iberia said the new low-cost carrier would be a stand-alone company with independent management, "so as not to contaminate the new airline with Iberia's higher cost structure". I think the reporter mistyped "so as not to contaminate Iberia's brand by association". Iberia will have merged or gone forever by 2010. Troll baiting, rte style. -- --- DFM - http://www.deepfriedmars.com --- -- |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
wrote in message oups.com... Iberia launch takes on low-cost rivals By Leslie Crawford in Madrid Published: April 27 2006 03:00 | Last updated: April 27 2006 03:00 Iberia, the Spanish flag carrier, will launch a low-cost airline in October to compete with rivals such as EasyJet, Ryanair and Air Berlin, low-cost carriers that have cornered almost one-third of airline travel to Spain. IBERIA European flights already feel like 'low cost' airline flights. BA code share many flights from UK to Spain and I know who I would prefer to fly with. BA have reduced fares to compete with Easyjet & Ryanair but without jeopardising standards. Frankly IBERIA need a new 'brand' and management to even try to compete in UK and Germany. |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
"Nige" wrote in message ... Iberia, the Spanish flag carrier, will launch a low-cost airline in October to compete with rivals such as EasyJet, Ryanair and Air Berlin, low-cost carriers that have cornered almost one-third of airline travel to Spain. IBERIA European flights already feel like 'low cost' airline flights. BA code share many flights from UK to Spain and I know who I would prefer to fly with. BA have reduced fares to compete with Easyjet & Ryanair but without jeopardising standards. Frankly IBERIA need a new 'brand' and management to even try to compete in UK and Germany. I flew with Iberia from LHR to Barcelona at Easter last year. I was flabergasted to be offered a menu (like on a budget airline) and be asked to cough up 5 Euros or whatever for a bocadillo de jamon. Gerry |
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IBERIA launches new Low Cost Airline to Compete againg Air Berlin , Easyjet , Ryanair
Gerald Oliver Swift wrote: "Nige" wrote in message ... Iberia, the Spanish flag carrier, will launch a low-cost airline in October to compete with rivals such as EasyJet, Ryanair and Air Berlin, low-cost carriers that have cornered almost one-third of airline travel to Spain. IBERIA European flights already feel like 'low cost' airline flights. BA code share many flights from UK to Spain and I know who I would prefer to fly with. BA have reduced fares to compete with Easyjet & Ryanair but without jeopardising standards. Frankly IBERIA need a new 'brand' and management to even try to compete in UK and Germany. I flew with Iberia from LHR to Barcelona at Easter last year. I was flabergasted to be offered a menu (like on a budget airline) and be asked to cough up 5 Euros or whatever for a bocadillo de jamon. Gerry SAS do it to. |
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