Other News for Styrian Spirit

  • Austria's Styrian Spirit calls in bankruptcy administrators


    <DIV> <P class=MsoNormal style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">Austrian regional carrier...


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  • Styrian faces bleak future

    News | 27 Mar 2006 23:00

    <P><BR>Austrian regional carrier Styrian Spirit is filing for bankruptcy protection, but late last week prospects for the carrier appeared bleak as it prepared to lay off all 152 staff members. The Graz-based airline suspended operations on 24 March after failing to secure fresh financing. Reinhard Zechner, chief executive of Karnten Tourismus Holding, which owns nearly 43% of Styrian, says: “This is the end of the airline. People have lost their jobs and the airline does not exist [any more]. There is no more chance.” Formalities for entry into bankruptcy protection were due to be finalised on 27 March. Styrian owns two of its aircraft – a Bombardier CRJ200 and a CRJ700 – while its other three CRJ200 jets are owned by Bombardier Capital. The airline also has a Bombardier CRJ900 on order.<BR></P>http://www.flightglobal.com/news/articles/Styrian-faces-bleak-future-205659/
  • Austria's Styrian Spirit calls in bankruptcy administrators

    News | 24 Mar 2006 16:30

    <DIV> <P class=MsoNormal style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">Austrian regional carrier <SPAN class=SpellE><SPAN class=spelle>Styrian</SPAN></SPAN> Spirit has filed for bankruptcy protection but prospects for the carrier appear bleak as it prepares to lay off all 152 staff members.</P> <P class=MsoNormal style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto">The Graz-based airline suspended operations today after failing to secure fresh financing.</P> <P class=MsoNormal style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN class=SpellE><SPAN class=spelle>Karnten</SPAN></SPAN> <SPAN class=SpellE><SPAN class=spelle>Tourismus</SPAN></SPAN> <SPAN class=grame>Holding</SPAN> is a key <SPAN class=SpellE><SPAN class=spelle>Styrian</SPAN></SPAN> shareholder. Chief executive <SPAN class=SpellE><SPAN class=spelle>Reinhard</SPAN></SPAN> <SPAN class=SpellE><SPAN class=spelle>Zechner</SPAN></SPAN> says: “This is the end of the airline. People have loshttp://www.flightglobal.com/news/articles/Austrias-Styrian-Spirit-calls-in-bankruptcy-administrators-205635/
  • The CRJ-900

    News | 01 Mar 2006 00:00

    After years of criticism, the CRJ-900 model is finally gaining acceptance in the regional market place.<BR>Bombardier Aerospace became the first regional jet manufacturer when it launched the 50-seater Canadair Regional Jet (CRJ) in 1992. Bombardier later offered a stretched version, the 70-seater CRJ-700, and, in 1999, it decided to investigate the possibility of the CRJ-900. Competition was fierce, not only by the number of manufacturers vying for market share in the 80- to 110-seater market, but also by a shrinking customer base, with many US major and regional airlines bound by scope clauses. Scope clauses restricted the regionals from operating aircraft above a pre-determined seat restriction, currently resting above the 70-seat range. Pricing was also a consideration and the CRJ-900 had a sticker price of about $29m compared to $32.6m for Fairchild’s 928JET, $26m for Embraer’s ERJ-190-100 and $27.4m for BAE Systems’ Avro RJ-X85. In the end, BAE Systems and Fairchild left the race, lhttp://www.flightglobal.com/news/articles/The-CRJ-900-218637/
  • Styrian orders Europe’s first CRJ900

    News | 07 Oct 2005 14:00

    <P><STRONG>Flight International online news 15:00GMT:</STRONG>The first Bombardier CRJ900 in Europe is heading for Austria after regional carrier Styrian Spirt formally signed a deal to acquire the aircraft.</P> <P>Styrian operates three Bombardier CRJ200s and a CRJ700, but has now firmed up an option, initially earmarked for a second CRJ700.</P> <P align=center><IMG alt=CRJ900 src="../assets/getAsset.aspx?ItemID=9978"></P> <P>The 88-seater aircraft deal - now confirmed by Bombardier – has previously been detailed by Styrian, which plans to deploy the aircraft under its new Carinthian Spirit branding.</P> <P>Styrian Spirit CEO Otmar Lenz says: “[In ordering the CRJ900] we get a larger aircraft, which we need on some of our routes, yet because of the commonality we will save a substantial amount of money on crewing, maintenance and spare parts.” </P> <P>“The commonality between the CRJ700 and CRJ900 aircraft was very important to us in our decision to order a CRJ900 rather than anohttp://www.flightglobal.com/news/articles/Styrian-orders-Europes-first-CRJ900-202000/