Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
LY; Transfer Of Routes To Arkia Doesn't Affect Rev  
User currently offlineEl Al 001 From Israel, joined Oct 1999, 1063 posts, RR: 1
Posted (13 years 4 months 3 weeks 1 day 19 hours ago) and read 2820 times:

El Al; Transfer of regular routes to Arkia, Israir doesn’t affect revenue

El Al admits that the transfer of some of its scheduled routes to Arkia Israeli Airlines and Israir will not affect its revenue. This declaration contradicts El Al’s argument in opposing the Ministry of Finance initiative to transfer some regular routes to private Israeli companies, and the decision of former Minister of Transport Ephraim Sneh to deprive El Al of routes to Copenhagen, Tashkent, Tbilisi, Lubliana, Riga, and Lisbon.
In its financial statements for the first nine months of 2002, El Al stated, “The Minister of Transport’s decision to grant the status of designated carrier to the two Israeli companies will not directly detract from the company’s revenue.”

In the section concerning the air traffic rights of competing Israeli airlines, El Al wrote, “Company management believes that the decision materially affects the status of the other Israeli companies, and this trend has consequences for the status of the companies and its development possibilities. Nevertheless, the decision will not directly detract from the company’s revenue.”

In August 2002, El Al chairman Michael Levi declared that transferring regular routes to Arkia and Israir would lead to “lay-offs, shutting down of operations, and serious consequences for the recovery program.”

Arkia took the Copenhagen, Tashkent, and Tbilisi flight destinations; Israir decided to operate scheduled flights on the Lubliana, Riga, and Lisbon routes, on which it will operate in cooperation with a local company.

1 replies: All unread, jump to last
User currently offlineTodaReisinger From Switzerland, joined Mar 2001, 2826 posts, RR: 1
Reply 1, posted (13 years 4 months 3 weeks 1 day 16 hours ago) and read 2795 times:

...transferring regular routes to Arkia and Israir would lead to “lay-offs, shutting down of operations, and serious consequences for the recovery program.”

I guess it could seriously harm LY if the number of destinations is increased; and btw, I don't think that Tashkent, Tbilisi, Lubliana, Riga or Lisbon are very profitable routes...If I'm not mistaken, I think LY even stopped serving Copenhagen.

I bitterly miss the livery that should never have been changed (repetition...)
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
SAS To Transfer Some Routes To Partner Airlines? posted Mon Feb 6 2006 20:24:16 by Hannes
Will BA Transfer Latino Routes To Iberia? posted Thu Jul 24 2003 12:38:22 by DoorsToManual
TP Boosts Capacity Of Brazilian Routes To 1 Mil posted Tue Apr 25 2006 22:04:15 by BoeingBus
Transfer Of AC CRJ100s To Jazz? posted Thu Jul 21 2005 13:52:35 by Matt
AA Transfer Of LHR Routes - What's Involved? posted Sun Jan 5 2003 06:22:30 by EWRvsJFK
List Of Flights Transfer From LIN To BGY In August posted Thu Aug 1 2002 11:07:08 by Airblue
Transfer Of YMX Flights To YUL In 2003 posted Thu Feb 28 2002 22:26:07 by FLYYUL
What New Routes To Expect From Virgin Atlantic? posted Fri Dec 15 2006 19:31:49 by 8herveg
State Of Alaska To Sell Frank's Jet On E-Bay posted Wed Dec 13 2006 04:49:13 by L-188
First Visit Of A380 To BKK posted Tue Dec 5 2006 14:19:30 by Levent