Air Italy is reportedly to be merged into Meridiana Fly from 15-Feb-2013, according to reports by Avio Italia, AGI, and TTG Italia. As previously reported by CAPA, both airlines’ Air Operator’s Certificates (AOC) were revoked by the Italian Civil Aviation Authority (ENAC) and issued temporary AOCs which will expire in 12 months. The AOC change is due to the airlines’ financial difficulties. Meridiana Fly CEO Giuseppe Gentile is reportedly to be replaced by Roberto Scaramella following a proposal by Meridiana Fly founder and minority shareholder Aga Khan. The existing Meridiana Fly investors will acquire the 38.71% stake in Meridiana Fly and Air Italy currently owned by Air Italy Holding.
Air Italy to be merged into Meridiana Fly from 15-Feb-2013: reports
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The slump in price has been so rapid and so welcome that for most airlines it has been like winning the lottery. Even if the price does not descend as far as previous lows, most airlines have adjusted to being profitable with oil at USD100/barrel, so the windfall should flow straight to the bottom line.
But there will also be a great divide; some airlines have hedged aggressively and will be paying almost twice as much as some of their unhedged competitors – equivalent to a net margin of 10% and more, a massive differentiator.
This CAPA Outlook 2015 is based on the global report contained in Airline Leader, Issue 26. This 92 page report embraces detailed outlooks for every world region, prepared by CAPA's world leading analysis team.
CAPA Aviation Outlook 2015. SE Asia - LCCs still dominate the agenda as flag carriers restructure
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The region has emerged over the past decade as one of the world’s fastest growing emerging markets, capturing the attention of global suppliers. The rapid growth has primarily been driven by fast expansion of LCCs – both independent groups and subsidiaries of full service groups. Meanwhile, flag carrier growth has stagnated.
This report is based on a review contained in CAPA's Global Aviation Outlook 2015 which appears in Airline Leader, Issue 26.