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Aviation History
1993
1993 - 0027.PDF
AIRLINE ALLIANCES KEY SAS GROUP Sales: $5.8bn Profit: ($239m) PAX: 14m Int: 8m OWNERSHIP: State: 50% Public/lnvst.: 50% HOLDING IN: Continental: 10% British Midland: 40% (1992) Linjeflyg: 51% (1992) NOTES: SAS is joint carrier for Sweden, Denmark and Norway. II took control of Linjeflyg in Sweden during the year. The Continental in vestment has been written down but is still current. SAS is part of the European Qual ity Alliance. FINNAIR Sales: $1.3bn Profit: ($13m) PAX: 3m Int: 2m OWNERSHIP: State: 70% Public/priv: 30% NOTES: Marketing alliance with Lufthansa KLM ROYAL DUTCH Sales: $4.2bn Profit: $66m PAX: 7m Inl: 7m OWNERSHIP: Public: 62% State: 38% HOLDING IN: Northwest: 20% (1989) Air UK: 15% NOTES: Northwest interest is 49% including non-voting shares. KLM sold its 35% stake in Air Littoral of France in 1992. SABENA Sales: 1.5bn Profit: $0m PAX: 3m Int: 3m OWNERSHIP: State: 62.5% Priv: 37.5% HOLDING BY: Air France: 37.5% (1992) NOTES: Air France-led consortium took 37.5% stake. By 1995 this share will fall to 30.5%, with employees taking 18% and private inves tors 6%. LUFTHANSA Sales: $9.7bn Profit: ($258m) PAX: 24m Int: 13m OWNERSHIP: State: 51% Public:43% lnvest:6% HOLDING IN: Euro Berlin: 50%. DHL Int: 50% Lauda Air: 26.5% Luxair: 13% SWISSAIR Sales: $4.1 bn Profit: $58m PAX: 7m Int: 6.5m OWNERSHIP: Public/ Invst.: 78% Stale: 22% HOLDING BY: Singapore: 2.8% Delta: HOLDING IN: Austrian: 10% Delta 5.1% Singapore: 0.6% NOTES: Part of European Quality Alliance AUSTRIAN AIRLINES Sales: $850m Profit: $11m PAX: 2m Int: 2m OWNERSHIP: State: 52% Public: 48% HOLDING BY: Swissair: 10% ANA: 9% Air France: 1.5% NOTES: Part of European Quality Alliance AIRLINE NAME Sales: Systemwide revenues and net profits (losses) latest figures 1991/ 92. PAX: Total number of passengers carried in 1991 to nearest million; Int.: Number of international passen gers carried OWNERSHIP: Public: Publicly listed shares; Invst: Private or insti tutional investors; State: held by government or state institutions. HOLDING IN/BY Major shares held by/in foreign airlines. Holdings in domestic subsidiaries are not shown. LOT Sales: $340m Profit: ($43m) PAX: 1m Int: 1m OWNERSHIP: State owned NOTES: Privatisation planned lor 1993/94 CSA Sales: $220m Profit: $7m PAX: 0.8m Int: 0.7m OWNERSHIP: State: 60% Invst.: 40% HOLDING BY: Air France: 20% NOTES: Investor consor tium led by Air France took 40% following CSA's priva tisation in 1992. TAT Sales: $470m Profit: 8m OWNERSHIP: Privately held HOLDING BY: British Airways: 49.9% (1992) KOREAN AIR Sales: $2.6bn Profit: $21 m PAX: 13m Int: 5m OWNERSHIP: State owned ALITALIA Sales: $4.8bn Profit: ($28m PAX: 17m Int: 7m OWNERSHIP: State: 86% Public/lnvst.: 14% HOLDING IN: Malev: 30% (1992) NOTES: Italian state agency Simest holds another 5% of Malev. OLYMPIC Sales: $830m Profit: ($134m PAX:5m Int: 2m OWNERSHIP: State owned BALKAN Sales: $170m PAX: 0.6m Int: 0.5m OWNERSHIP: State owned NOTES: Privatisation process began in 1992. MALEV Sales: $300m Profit: $20m PAX: 1m Inl: 1m OWNERSHIP: State: 51% Invst.: 49% HOLDING BY: Ali- talia/Simest: 35% (1992) NOTES: Simest, an Italian stale foreign investment agency, owns 5%. Employees/ local investors will hold 14%. CHINA AIRLINES Sales: $1.6m Profit: $155m RAX: 5m OWNERSHIP: Invst.: 80% Pub lic: 10% Employees: 10% NOTES: The private China Avia tion Development Foundation, which controls the airline is in the process of floating 5%. AIR NEW ZEALAND Sales: $1.1bn Profit: $58m PAX: 2m Int: 2m OWNERSHIP: Public/lnvst.: Bri- erley Investments owns 42.5% HOLDING BY: Qantas: 20% Japan Airlines 5% FLIGHT INTERNATIONAL 6 - 12 January, 1993 25
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