"The Brief" Condensed Aviation News
"The Brief" Condensed Aviation News from World Air Photography". Always look for the source of the "The Brief". Sometimes it is press releases, sometimes stories from news outlets and sometimes stories from "The Brief". We always show the source and do not lay claim to having written the "Tit Bit".
Etihad Inches Closer To Buying Alitalia Stake
The prospect of Etihad Airways buying nearly half of Alitalia has significantly increased after a meeting between Etihad's chief executive and Italy's prime minister, and disagreements over job cuts may be overcome, said a person with knowledge of the talks.
Loss-making Alitalia was kept afloat by a government-engineered EUR€500 million (USD$694 million) rescue package last year. But it needs to find a cash-rich partner quickly to revamp its flight network or else risk having to ground its planes.
Abu Dhabi-based Etihad has been looking at Alitalia's books for a possible investment since the start of the year. But the prospect of large job cuts at Alitalia and the airline's debt of at least EUR€800 million had been major hurdles in the talks.
The person with knowledge of the talks between Etihad CEO James Hogan and Prime Minister Matteo Renzi late on Thursday at the premier's office said Etihad was considering investing up to EUR€500 million in Alitalia and was inching towards an offer.
Out of that investment, EUR€350 million would be for a 49 percent stake in the airline.
Buy Loudhailers, MPs Tell Britain's Airports
Buy loudhailers, a parliamentary committee told Britain's airports on Friday, one of several suggestions to mitigate the chaos that occurred at London's Gatwick Airport when the power went off last Christmas Eve.
Gatwick was left with no flight information systems or check-in facilities on December 24, 2013, after flooding caused some electrical systems to fail.
Passengers camped on the floor for hours and complained they received little information from staff. With one functioning toilet and limited access to drinking water, police had to be deployed to maintain order.
Britain's parliamentary transport committee said after an investigation into the disruption that Gatwick and the country's busiest airport, Heathrow, must rethink contingency plans to look after passengers, keep them informed and ensure access to toilets and drinking water.
Some aspects of contingency planning would be "relatively straightforward" to put right, the committee said in a report.
Hamburg Airport makes €37.3 million profit in 2013
Hamburg Airport has reported it made a profit of €37.3 million in the 2013 financial year, and says the result was ‘stable’.
The figure was slightly down on the €39 million profit it made in 2012, while turnover was €254.5 million, up on the €251.5 million in 2012, and 13.5 million passengers were handled, 1.4% less than the previous year.
Michael Eggenschwiler, CEO of Hamburg Airport, says: “Hamburg Airport is satisfied with the last financial year. Despite the slight reduction in passenger numbers we managed to achieve a stable commercial result.”
The 2013 figures were influenced by several factors the airport says, such as the Euro-crisis, and minimal European economic growth of 0.4%, that both made themselves in the airline sector with insolvencies and cost cutting.
"The Brief" Condensed Aviation News April 12, 2014