News Listings for Munich Augsburg

  • Augsburg considers flotation to maintain expansion rate

    News | 21 Jul 1998 23:00

    <p><img src='../Assets/GetAsset.aspx?ItemID=1252' /></p> <p>Andrzej Jeziorski/MUNICH </p> <p>Augsburg Airways is considering a public flotation to keep its expansion rolling, although the German regional carrier says that such a move is at least three years away. </p> <p>Augsburg has financed its fleet growth, now planned at two aircraft a year, through private debt placement, but concedes that it may have to consider raising new cash on the share market to keep growth moving. At present, only three aircraft are directly owned by parent company Haindl Papier. The rest are leased. </p> <p>Meanwhile, the airline's recovery appears to be gathering momentum, helped by its expanding operations as a Team Lufthansa franchise carrier. Passenger traffic more than doubled in the first half of this year and the airline expects to pass the 500,000-passenger threshold by the year-end. Average load factors grew from 39% to a more respectable 49%, helped by loads of above 78% on the Team Lufthans
  • Ausburg Airways

    News | 06 May 1997 23:00

    Andrzej Jeziorski/MUNICH <p>Augsburg Airways began its franchise partnership with Lufthansa in the third quarter of 1996. Since then the German regional carrier has expanded its Bombardier de Havilland Dash 8-100 and -300 ßeet from &#204;ve to eight aircraft, and dedicated 50% of its business to this co-operation. <p>According to Augsburg managing director Olaf Dlugi, the regional carrier had been looking for a cost-effective way to expand beyond the limited Augsburg market, and begin to turn a pro&#204;t. &#34;To develop a new market by ourselves would have been very, very costly,&#34; says Dlugi. <p>The airline had set its sights on the growing Munich hub, and approached Lufthansa about a possible partnership at a time when the larger carrier was itself toying with the idea of creating a regional alliance, through franchising. <p>The increased business has allowed Augsburg to expand, reducing its &#204;xed costs and break-even load factors. According to Dlugi, the airline's break-ev
  • Augsburg considers expansion with Dash 8-400

    News | 15 Jan 1997 00:00

    <p>Augsburg Airways, which recently became the first "Team Lufthansa" franchise partner, is considering further fleet expansion with the de Havilland Dash 8-400. </p> <p>While no firm purchase decision has been taken, the southern Germany-based regional airline says that its partnership with Lufthansa opens the possibility of future operations on medium-haul routes to northern Germany, which would be economical for the 70-seat -400. The type's 350kt (650km/h) cruising speed makes it "very attractive", says the airline. </p> <p>The airline now operates four 37-seat Dash 8-100s and three 50-seat Dash 8-300s. By the third quarter of this year, Augsburg will take delivery of a fourth -300, which will be based in Munich. Augsburg began its partnership with Lufthansa at the end of October, flying from Munich to Erfurt, Dortmund and Leipzig. </p> <p>The airline sold its last Beech 1900 to an air-ambulance operator in Kenya in December. </p> <p>As part of its co-operation with Lufthansa, A