Flying Equipment Agreement News Briefs
This report updates the previous European aviation report, focusing on the markets in France, Germany, Ireland, Italy, Spain and the United Kingdom
Current Environment - Key Points
- More than 358 million passengers were carried by the Association of European Airlines- (AEA) 33 member airlines in 2007, up by 4.1% from 2006
- Freight traffic held steady in 2007, thanks to better results across the North Atlantic and strong increases in smaller African and South American markets
- European low-cost carriers sought out new bases and opened new routes in a bid to attract new traffic
- Air France-KLM, British Airways and Lufthansa continued to transform themselves into global players, while Iberia and Alitalia looked to link with other legacy carriers
- Last October, Delta Air Lines formed a transatlantic joint venture with Air France-KLM
- The average share price of ten major European airlines tracked by Mergent tumbled by 13.1% in the six months from August 2007 to January 2008
Industry Profile - Key Points
- The top five European airline groups ranked by revenues in the July-September 2007 period were Air France-KLM, Lufthansa, British Airways, SAS and Iberia, according to a Mergent analysis
- Air France ranked first among AEA's 33 member airlines in terms of passenger traffic and second in terms of scheduled passengers carried and freight traffic in 2007
- To keep pace with rising demand, most European airlines are placing new orders for aircraft
- Air China and Shanghai Airlines joined Star Alliance on December 12, 2007, and China Southern Airlines joined SkyTeam on November 15, 2007
- British Airways received a statement of objection from European Union (EU) regulators last December, alleging it was part of a suspected air cargo cartel
Market Trends and Outlook - Key Points
- Airlines are turning to cleaner engines and renewable fuel sources to reduce the industry's greenhouse gas emissions
- Passengers are likely to pay higher taxes on air tra
This report provides a comprehensive analysis of the global market for very light jets, taking into account the impact of the current global financial turmoil on the VLJ sector The report looks at the future market for these aircraft in terms of numbers, geographic demand and customer type (air taxi...
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