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Dba Gets New Investor  
User currently offlineHumberside From United Kingdom, joined Dec 2005, 4949 posts, RR: 4
Posted (10 years 3 months 2 weeks 17 hours ago) and read 2246 times:

From ATW Online

Germany's DBA announced that investor Lutz Helmig has taken a 25.1% stake in the airline through his company Aton GmbH. DBA said the deal will double its capital to €20 million ($23.9 million). Helmig founded the Helios Kliniken hospital chain before selling it to Fresenius AG, according to the Associated Press.

Helmig becomes DBA's second-largest shareholder after owner Hans Rudolph Woehrl (59.9%), who bought the airline from British Airways in 2003. Remaining investors are DBA's two MDs, Martin Gauss and Peter Wojahn, each of whom holds 7.5%.

For the fiscal year ending March 31, DBA anticipates a 40% increase in passengers to 4.3 million. Turnover is expected to be more than €400 million. For the 2006-07 financial year it is forecasting turnover of €500 million while boardings could grow by 30% to more then 5.5 million. Last autumn the carrier ordered 40 737-700s (ATWOnline, Nov. 15, 2005).

DBA will start Munich-Paris Orly services this spring and said several new domestic routes will be opened as well.


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2 replies: All unread, jump to last
User currently offlineDAL767400ER From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 3 months 2 weeks 15 hours ago) and read 2215 times:

Excellent news. Good to see things are running well at dba, they certainly offer an excellent product for the low prices they charge.

User currently offlineStarFlyer From Germany, joined Sep 2002, 987 posts, RR: 1
Reply 2, posted (10 years 3 months 2 weeks 13 hours ago) and read 2183 times:

The investor is also tipped to buy a stake in Air Berlin in the upcoming IPO which could lead to an intensified cooperation between the two carriers.

Yours truly - StarFlyer
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