Aéroports de Paris has signed the new Economic Regulation Agreement with the French government for the 2011-15 period. Under the new agreement, there will be the introduction of 10 ambitious service quality indicators, which may involve financial incentives in the form of bonuses and penalties, five of which directly relate to passenger satisfaction, A 1.8 billion euro investment program will focus on improving the oldest terminals, associated with financial incentives regarding the respect of major investments schedule, There will be a moderate pricing cap (average of 1.38 percent per year above inflation), alongside an adjustment clause to partially compensate for the difference noted in traffic. The moderate fee policy is possible thanks to the continuation of efforts to improve productivity mainly through maintaining control over operating expenses. For more information, visit www.aeroportsdeparis.fr.
American Airlines has confirmed that Air Berlin is joining the oneworld alliance and will enter into a bilateral agreement with American. American said that the cooperative relationship with what is Germany’s second-largest airline will add significant value for its customers by substantially growing the worldwide networks of both American and Air Berlin. It gives American"s customers wide access to Germany, Europe"s biggest economy, as well as many other business and leisure destinations around the world. And, it will give Air Berlin customers access to American’s U.S. network, with a powerful presence in the markets that matter most to the premium traveler. For more information, visit www.aa.com or www.airberlin.com.
Emirates said that that it has selected StrawberryFrog, the world"s first cultural movement agency, as its global lead communications partner. StrawberryFrog will be responsible for developing and rolling out a new brand platform for Emirates that will reflect the airline’s ambition to become one of the world"s most recognized global brands. The relationship which begins immediately will be managed out of StrawberryFrog’s Amsterdam office. For more information, visit www.emirates.com/usa.
Dubai International Airport notched up a solid first half with Dubai Airports announcing year-to-date (June) passenger traffic of 22,554,445, compared to 19,397,089 in the corresponding period in 2009, an increase of 16.3 percent. This follows Dubai International’s 12 consecutive months of double-digit growth in passenger traffic from June 2009 to May 2010.
Dubai International handled a total of 3,684,192 passengers in June 2010 compared to 3,361,413 in June 2009, a growth of 9.6 percent. The average monthly passenger traffic in the first half this year stands at 3.7 million as compared to 3.1 million during the corresponding period in 2009. The year-to-date daily average passenger throughput at Dubai International has reached 123,000. For more information, visit www.dubaiairports.ae.
Allegiant Travel Company reported that its Board of Directors has once again increased the authority of the company to repurchase its shares. In January 2010, the board increased the remaining authority to $25 million. The board has now increased this number to $50 million, applicable to shares repurchased in 2010 or after. Through July 23, 2010, the company has repurchased 368,248 shares in 2010 at an average price of $49.42 per share for a total cost of $18.2 million, leaving $31.8 million of authority for future purchases. Maurice J. Gallagher, Jr., chairman and CEO of Allegiant, said that the company has the financial strength and flexibility to continue to profitably grow the business while at the same returning capital to its shareholders. For more information, visit www.ir.allegiant.com
Aéroports de Paris has signed the new Economic Regulation Agreement with the French government for the 2011-15 period. Under the new agreement, there will be the introduction of 10 ambitious service quality indicators, which may involve financial incentives in the form of bonuses and penalties, five of which directly relate to passenger satisfaction, A 1.8 billion euro investment program will focus on improving the oldest terminals, associated with financial incentives regarding the respect of major investments schedule, There will be a moderate pricing cap (average of 1.38 percent per year above inflation), alongside an adjustment clause to partially compensate for the difference noted in traffic. The moderate fee policy is possible thanks to the continuation of efforts to improve productivity mainly through maintaining control over operating expenses. For more information, visit www.aeroportsdeparis.fr.
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