Obbligazioni societarie Bonds Air Berlin Eur/Chf DE000AB100B4 XS1051719786 XS1051723895 (2 lettori)
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iguanito
Forumer storico
Siamo in attesa; di sicuro non saranno buoni e il prezzo calerà. nell'attesa ho più che dimezzato la posizione.
cris71
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mi permetto di segnalare questo
FRANKFURT-- Air Berlin PLC said late Sunday two bonds will bring in 450 million euros ($622.5 million) this year, easing the financial strain on the German airline without changing its ownership structure after a 2013 loss.
In one transaction, Air Berlin's main shareholder Etihad Airways has subscribed to a subordinated bond with a volume of EUR300 million. The airline is also inviting holders of its 2014 and 2015 bonds to exchange for a 2019 bond it will issue in the amount of at least EUR150 million.
Air Berlin said the two transactions will help speed restructuring and progress toward breaking even on an operating level. In 2013, it had a net loss of EUR315.5 million compared with a EUR6.8 million profit in 2012. Revenue fell to EUR4.15 billion from EUR4.31 billion.
The transactions won't affect Air Berlin's ownership structure, it said. Etihad holds 29.21% of Air Berlin, just shy of the 30% that would trigger a mandatory takeover offer by German law. The relationship has come under scrutiny by the European Union, which is investigating Etihad's influence on Air Berlin. Under EU law, governments of member states or their citizens must own more than 50% of an airline and effectively control it.
Air Berlin has denied that Etihad exercises any control over it.
On Sunday, the airline said Etihad is also extending a credit facility for Air Berlin to 2021 from 2016.
The airline's restructuring program has shown positive effects so far, it said, and blamed part of 2013's performance on a sluggish summer season. To help oversee restructuring, Air Berlin is appointing Marco Ciomperlik to the new post of chief restructuring officer on the management board. He was previously chief maintenance officer at the airline.
FRANKFURT-- Air Berlin PLC said late Sunday two bonds will bring in 450 million euros ($622.5 million) this year, easing the financial strain on the German airline without changing its ownership structure after a 2013 loss.
In one transaction, Air Berlin's main shareholder Etihad Airways has subscribed to a subordinated bond with a volume of EUR300 million. The airline is also inviting holders of its 2014 and 2015 bonds to exchange for a 2019 bond it will issue in the amount of at least EUR150 million.
Air Berlin said the two transactions will help speed restructuring and progress toward breaking even on an operating level. In 2013, it had a net loss of EUR315.5 million compared with a EUR6.8 million profit in 2012. Revenue fell to EUR4.15 billion from EUR4.31 billion.
The transactions won't affect Air Berlin's ownership structure, it said. Etihad holds 29.21% of Air Berlin, just shy of the 30% that would trigger a mandatory takeover offer by German law. The relationship has come under scrutiny by the European Union, which is investigating Etihad's influence on Air Berlin. Under EU law, governments of member states or their citizens must own more than 50% of an airline and effectively control it.
Air Berlin has denied that Etihad exercises any control over it.
On Sunday, the airline said Etihad is also extending a credit facility for Air Berlin to 2021 from 2016.
The airline's restructuring program has shown positive effects so far, it said, and blamed part of 2013's performance on a sluggish summer season. To help oversee restructuring, Air Berlin is appointing Marco Ciomperlik to the new post of chief restructuring officer on the management board. He was previously chief maintenance officer at the airline.
iguanito
Forumer storico
Une perte nette de 315,5 millions d'euros en 2013
Après plusieurs reports, AirBerlin a enfin communiqué ses résultats pour son exercice annuel 2013. Il fait état d’une perte nette de 315,5 millions d'euros, contre un bénéfice de 6,8 millions d'euros en 2012, année au cours de laquelle la compagnie allemande avait inscrit son unique bénéfice depuis cinq ans. Son résultat avant intérêts et impôts (Ebit) s’affiche pour sa part à -231 millions d'euros. Le chiffre d'affaires est resté stable à 4,15 milliards d'euros contre 4,31 milliards en 2012.
Après plusieurs reports, AirBerlin a enfin communiqué ses résultats pour son exercice annuel 2013. Il fait état d’une perte nette de 315,5 millions d'euros, contre un bénéfice de 6,8 millions d'euros en 2012, année au cours de laquelle la compagnie allemande avait inscrit son unique bénéfice depuis cinq ans. Son résultat avant intérêts et impôts (Ebit) s’affiche pour sa part à -231 millions d'euros. Le chiffre d'affaires est resté stable à 4,15 milliards d'euros contre 4,31 milliards en 2012.
Air Berlin : to step up restructuring to return to profit
04/28/2014 | 08:33am US/EasternRecommend:
0
Air Berlin, the German airline partly owned by Etihad Airways, will have to step up restructuring and could cut more jobs as it struggles to return to profit, its chief executive said on Monday.
The finances of Air Berlin, Germany's No.2 carrier after Lufthansa, have been deteriorating for several years as it struggled to halt losses and manage its debts following a period of rapid growth.
Late on Sunday, Air Berlin unveiled its fifth annual loss in six years and called on investors including Abu Dhabi-based Etihad to stump up more cash by buying bonds.
The recapitalisation will inject 450 million euros (370.34 million pounds) into its accounts by the end of 2014 and return Air Berlin to a positive equity ratio, which means its assets will exceed its debts again.
To fix its finances and return to profit in the long run, Air Berlin is cutting 900 jobs, or 10 percent of its workforce, and slashing unprofitable routes under its "Turbine" restructuring programme.
"But I have come to the conclusion that Turbine, as it is set up now, is simply not enough," CEO Wolfgang Prock-Schauer told journalists during a conference call on Monday.
He said Air Berlin would make "structural cuts" and review its business model but declined to say what changes could be made or when a decision would be taken on the matter.
Etihad, which owns almost 30 percent of Air Berlin, on Monday called for an "accelerated and fundamental restructuring" of Air Berlin as it shelled out for a 300 million-euro convertible bond and extended a loan to the carrier by five years.
Air Berlin is also issuing additional new bonds with a volume of at least 150 million euros and making an exchange offer to bondholders with notes due in 2014 and 2015.
Shares in Air Berlin, which have lost about 28 percent of their value over the past year, were down 4.7 percent at 1.671 euros by 1210 BST.
(Reporting by Maria Sheahan; Editing by Thomas Atkins and Mark Potter)
04/28/2014 | 08:33am US/EasternRecommend:
0
Air Berlin, the German airline partly owned by Etihad Airways, will have to step up restructuring and could cut more jobs as it struggles to return to profit, its chief executive said on Monday.
The finances of Air Berlin, Germany's No.2 carrier after Lufthansa, have been deteriorating for several years as it struggled to halt losses and manage its debts following a period of rapid growth.
Late on Sunday, Air Berlin unveiled its fifth annual loss in six years and called on investors including Abu Dhabi-based Etihad to stump up more cash by buying bonds.
The recapitalisation will inject 450 million euros (370.34 million pounds) into its accounts by the end of 2014 and return Air Berlin to a positive equity ratio, which means its assets will exceed its debts again.
To fix its finances and return to profit in the long run, Air Berlin is cutting 900 jobs, or 10 percent of its workforce, and slashing unprofitable routes under its "Turbine" restructuring programme.
"But I have come to the conclusion that Turbine, as it is set up now, is simply not enough," CEO Wolfgang Prock-Schauer told journalists during a conference call on Monday.
He said Air Berlin would make "structural cuts" and review its business model but declined to say what changes could be made or when a decision would be taken on the matter.
Etihad, which owns almost 30 percent of Air Berlin, on Monday called for an "accelerated and fundamental restructuring" of Air Berlin as it shelled out for a 300 million-euro convertible bond and extended a loan to the carrier by five years.
Air Berlin is also issuing additional new bonds with a volume of at least 150 million euros and making an exchange offer to bondholders with notes due in 2014 and 2015.
Shares in Air Berlin, which have lost about 28 percent of their value over the past year, were down 4.7 percent at 1.671 euros by 1210 BST.
(Reporting by Maria Sheahan; Editing by Thomas Atkins and Mark Potter)
Magician
Forumer attivo
Air Berlin.
Purtroppo il concretizzarsi del rischio di perdere alcune tratte in co-sharing porta ulteriore pressione ai titoli.
Oct. 10 (Bloomberg) -- German carrier may have to
reconsider current network after German Federal Aviation Office
LBA refused approval for more than half of the airline’s planned
code share flights with Etihad Airways for season starting end
of Oct., spokesman Aage Duenhaupt says.
* Flights are scheduled and will happen, while not branded as
code shares: Spokesman
* Etihad customers made up more than 70% of current bookings
on those flights for winter schedule, meaning not all might
be sustainable
* Flights in question had been approved as code share by LBA
six times before, Air Berlin CEO Wolfgang Prock-Schauer says
in e-mailed statement; economic damage lies with Air Berlin
* Etihad may raise objections with LBA; Air Berlin evaluating
legal steps
* LBA approved about 30 code share flights, objected to 34
* Flights affected mainly originate in Berlin and Stuttgart
* Flights affected mainly within Europe, also some long-haul
services to North America, Abu Dhabi
* NOTE: Etihad’s Swiss arm boosts access to restricted German
market
October 10, 2014
Etihad has been denied approval to add its code to some flights to Germany operated by partner Air Berlin, meaning the German airline could lose out on passengers that it needs to fight its way back to recovery.
Air Berlin said on Friday that it had been informed by Etihad, that 34 codeshare flights for the winter schedule had not been approved, affecting 46,000 bookings.
Etihad and Air Berlin share codes on flights to around 60 destinations. By putting its number on the German airline's flights, Etihad can sell those connections to its customers and help loss-making Air Berlin to fill its planes.
The German federal aviation authority (LBA) checks codeshare deals every time airlines submit winter and summer schedules for flights to and from Germany. The two airlines have shared flight codes since 2012 and the LBA has approved all six previous flight plans.
Air Berlin said passengers on the flights affected would still fly but would receive new tickets without an Etihad flight number. Flights for which code shares have not been approved include Berlin and Stuttgart to Abu Dhabi, plus flights from Berlin to northern Europe, a spokesman for Air Berlin said.
Air Berlin, in which Etihad owns a 29 percent stake, made its first annual net profit in five years in 2012, but only after Etihad bought a majority stake in its frequent flyer programme.
Air Berlin has previously said it expects code shares to bring it and Etihad additional revenue of EUR€200 million in 2014, with over half going to Air Berlin.
"As the financial impact will be borne mainly by Air Berlin, the airline will take all legal steps within its power to fight this decision," Air Berlin chief executive Wolfgang Prock-Schauer said in a statement.
The LBA confirmed the decision but declined to comment further.
Etihad is already under investigation by German authorities as to whether it exercises too much control over Air Berlin. For Air Berlin to maintain its European operating licence, it must be majority controlled by European investors.
(Reuters)
Purtroppo il concretizzarsi del rischio di perdere alcune tratte in co-sharing porta ulteriore pressione ai titoli.
Oct. 10 (Bloomberg) -- German carrier may have to
reconsider current network after German Federal Aviation Office
LBA refused approval for more than half of the airline’s planned
code share flights with Etihad Airways for season starting end
of Oct., spokesman Aage Duenhaupt says.
* Flights are scheduled and will happen, while not branded as
code shares: Spokesman
* Etihad customers made up more than 70% of current bookings
on those flights for winter schedule, meaning not all might
be sustainable
* Flights in question had been approved as code share by LBA
six times before, Air Berlin CEO Wolfgang Prock-Schauer says
in e-mailed statement; economic damage lies with Air Berlin
* Etihad may raise objections with LBA; Air Berlin evaluating
legal steps
* LBA approved about 30 code share flights, objected to 34
* Flights affected mainly originate in Berlin and Stuttgart
* Flights affected mainly within Europe, also some long-haul
services to North America, Abu Dhabi
* NOTE: Etihad’s Swiss arm boosts access to restricted German
market
October 10, 2014
Etihad has been denied approval to add its code to some flights to Germany operated by partner Air Berlin, meaning the German airline could lose out on passengers that it needs to fight its way back to recovery.
Air Berlin said on Friday that it had been informed by Etihad, that 34 codeshare flights for the winter schedule had not been approved, affecting 46,000 bookings.
Etihad and Air Berlin share codes on flights to around 60 destinations. By putting its number on the German airline's flights, Etihad can sell those connections to its customers and help loss-making Air Berlin to fill its planes.
The German federal aviation authority (LBA) checks codeshare deals every time airlines submit winter and summer schedules for flights to and from Germany. The two airlines have shared flight codes since 2012 and the LBA has approved all six previous flight plans.
Air Berlin said passengers on the flights affected would still fly but would receive new tickets without an Etihad flight number. Flights for which code shares have not been approved include Berlin and Stuttgart to Abu Dhabi, plus flights from Berlin to northern Europe, a spokesman for Air Berlin said.
Air Berlin, in which Etihad owns a 29 percent stake, made its first annual net profit in five years in 2012, but only after Etihad bought a majority stake in its frequent flyer programme.
Air Berlin has previously said it expects code shares to bring it and Etihad additional revenue of EUR€200 million in 2014, with over half going to Air Berlin.
"As the financial impact will be borne mainly by Air Berlin, the airline will take all legal steps within its power to fight this decision," Air Berlin chief executive Wolfgang Prock-Schauer said in a statement.
The LBA confirmed the decision but declined to comment further.
Etihad is already under investigation by German authorities as to whether it exercises too much control over Air Berlin. For Air Berlin to maintain its European operating licence, it must be majority controlled by European investors.
(Reuters)
Ultima modifica:
tigredelmercato
Utente
la stampella del 29% di Etihad quanto influisce sulla solidità complessiva della compagnia?
iguanito
Forumer storico
la tiene in piedi; il giorno che gli arabi se ne andranno la sorte sarà segnata.