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posts : 13 (Beginner)Date : 10-07-05 12:18SN
taken from Standart news today..
Bulgaria's Money Flows out to Foreign Airlines
Lufthansa and Alitalia overrun the Bulgaria airways market. Bulgaria Air controls the flights to Spain and Holland
Lufthansa, Austrian Airways, Malev, Alitalia, CSA and Lot are the most aggressive airways companies on the Bulgarian aviation market. These six companies perform 107 flights a week to Bulgaria and control 47 percent of our market. In defiance of the parity principle that underlies the ...
Bulgaria's Money Flows out to Foreign Airlines
Lufthansa and Alitalia overrun the Bulgaria airways market. Bulgaria Air controls the flights to Spain and Holland
Lufthansa, Austrian Airways, Malev, Alitalia, CSA and Lot are the most aggressive airways companies on the Bulgarian aviation market. These six companies perform 107 flights a week to Bulgaria and control 47 percent of our market. In defiance of the parity principle that underlies the ...
taken from Standart news today..
Bulgaria's Money Flows out to Foreign Airlines
Lufthansa and Alitalia overrun the Bulgaria airways market. Bulgaria Air controls the flights to Spain and Holland
Lufthansa, Austrian Airways, Malev, Alitalia, CSA and Lot are the most aggressive airways companies on the Bulgarian aviation market. These six companies perform 107 flights a week to Bulgaria and control 47 percent of our market. In defiance of the parity principle that underlies the international civil aviation convention signed in Chicago and the bilateral agreement which Bulgaria signed, our air companies have only 31 flights a week to these countries. As Bulgaria Air serves the destinations to Spain, Holland, Great Britain, Portugal and Scandinavia, the foreign airways gain 54 flights a week due to this unequal footing. If the parity principle were observed the revenues from these flights would have remained in Bulgaria. Now, however, the money goes to other countries. And we're talking about serious money. Given the seating capacity of an aircraft (120 seats) and the average load factor values of 70 percent per week, the foreigners carry 9100 passengers over the par. Having in mind that the average price of a ticket is 200 euro, they are making an extra profit amounting to 1,8 million euro a week. Within a month the sum soars to 7,2 million euro. As of October 29, 2005 the situation will be even more dramatic. Because the most aggressive actors on the Bulgarian aviation market - Lufthansa and Alitalia - demanded that the Bulgarian Civil Aviation Administration (CAA) drastically increases the number of their flights to and from Bulgaria when the winter timetable comes into effect. The representative of Lufthansa in Bulgaria Dieter Grosse asked for permission for a second daily flight Frankfurt-Sofia. Currently Lufthansa performs four flights a day. If the CAA gives this permission Lufthansa will service six flights a day to Germany. Alitalia, in its turn, asked for seven more flights a week to Rome and Milan. Thus the number of flights this company services will be 21. If all demands are satisfied, in three weeks the foreign airways will service 167 main destinations, while the Bulgarian companies will perform only 96 flights. Thus Bulgaria will lose 9,6 million euro a month.
Belcho Tsanev
Bulgaria's Money Flows out to Foreign Airlines
Lufthansa and Alitalia overrun the Bulgaria airways market. Bulgaria Air controls the flights to Spain and Holland
Lufthansa, Austrian Airways, Malev, Alitalia, CSA and Lot are the most aggressive airways companies on the Bulgarian aviation market. These six companies perform 107 flights a week to Bulgaria and control 47 percent of our market. In defiance of the parity principle that underlies the international civil aviation convention signed in Chicago and the bilateral agreement which Bulgaria signed, our air companies have only 31 flights a week to these countries. As Bulgaria Air serves the destinations to Spain, Holland, Great Britain, Portugal and Scandinavia, the foreign airways gain 54 flights a week due to this unequal footing. If the parity principle were observed the revenues from these flights would have remained in Bulgaria. Now, however, the money goes to other countries. And we're talking about serious money. Given the seating capacity of an aircraft (120 seats) and the average load factor values of 70 percent per week, the foreigners carry 9100 passengers over the par. Having in mind that the average price of a ticket is 200 euro, they are making an extra profit amounting to 1,8 million euro a week. Within a month the sum soars to 7,2 million euro. As of October 29, 2005 the situation will be even more dramatic. Because the most aggressive actors on the Bulgarian aviation market - Lufthansa and Alitalia - demanded that the Bulgarian Civil Aviation Administration (CAA) drastically increases the number of their flights to and from Bulgaria when the winter timetable comes into effect. The representative of Lufthansa in Bulgaria Dieter Grosse asked for permission for a second daily flight Frankfurt-Sofia. Currently Lufthansa performs four flights a day. If the CAA gives this permission Lufthansa will service six flights a day to Germany. Alitalia, in its turn, asked for seven more flights a week to Rome and Milan. Thus the number of flights this company services will be 21. If all demands are satisfied, in three weeks the foreign airways will service 167 main destinations, while the Bulgarian companies will perform only 96 flights. Thus Bulgaria will lose 9,6 million euro a month.
Belcho Tsanev
