Germany's Flughafen Berlin Brandenburg GmbH stated (24-Apr-2012) it is achieving positive traffic and business results in the run-up to the opening of the new Berlin Brandenburg Airport. The company noted between 2002 and 2011, passenger numbers increased from 12.2 million passengers in 2002 to 24 million passengers in 2011. airberlin recorded the strongest growth among the airlines over the last 10 years, increasing from 1 million to 7.9 million over the period. It also stated it has "clearly exceeded its predefined goal of generating €440 million in internal financing from 2005 to 2011" with CEO Prof Dr Rainer Schwarz adding, "This gives us a sound footing to achieve further sustainable growth". The company also noted that ahead of the opening of Berlin Brandenburg on 03-Jun-2012, aircraft operation areas and operational buildings have been completed, as have the underground systems, train station and rail link, and power stations. The company continued: "More than 6,000 builders are currently carrying out the final construction work on the airport. Until the opening, interior work must be carried out on the terminal, rental space developed and appurtenant areas including green spaces created. Building site facilities will be dismantled, final cleaning will be carried out and the building will be furnished."
Flughafen Berlin Brandenburg achieves positive growth ahead of Brandenburg opening
You may also be interested in the following articles...
Lufthansa and Etihad: equity tie up could further align mutual strategy, but marriage unlikely
Greater cooperation between Lufthansa and Etihad reflects their local and global challenges growing in quantity and complexity. Contact between the two has led to speculation that the partnership could radically expand to include an equity tie up, with rumoured merger talks.
Their initial Dec-2016 codeshare announcement was, in practical terms, small but showed the possibility, as they stated, to expand cooperation. However, it would be a leap to go from their handful of codeshares to a 17-Jan-2017 article from Italian daily newspaper Il Messaggero that Etihad could invest in Lufthansa on the way to a possible merger between the two. A subsequent denial in a Reuters story that "A financial stake is out of the question at the moment", does little to dispel the rumour. Were it not for the last three words of that statement the rumour would lack credibility.
There is certainly logic for a deeper partnership - and the two have danced this waltz before. Equity involvement from airlines can cement partnerships, add to board influence and partially allow one side to gain financially from any matter it feels it is compromising away. Nevertheless, there are obstacles to a full blown merger, and even to Etihad's taking a 30% to 40% stake. A marriage between the new bedfellows does not seem an immediate prospect. Nonetheless the logic is there for a move; and the mere fact of a potential move is sufficient to rock the equilibrium.
Uncertainty, unpredictability – and unprofitability? – in 2017
Uncertainty usually spells bad news for economic growth, for business and discretionary spending and, in turn for airlines. There is plenty of uncertainty in the air as 2017 gets under way.