Air France-KLM Investing $1.29 Billion In Transavia | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.10.24

Airborne-NextGen-06.11.24

Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

Fri, Sep 12, 2014

Air France-KLM Investing $1.29 Billion In Transavia

Hopes To Compete With Ryanair, Easyjet

Air France-KLM has announced its "Perform 2020" turnaround plan for low-cost carrier Transavia that comes with an investment equal to nearly $1.3 billion.

The airline is shooting for a 10 percent annual increase in earnings by 2017, according to a report in Buying Business Travel. It also plans to reduce operating costs by one percent through growth in capacity.

The plan will grow the Transavia fleet to 100 airplanes and add jobs for 250 pilots by 2019, according to the airline.

Transavia currently flies primarily to leisure destinations in Europe. "The ambitious initiatives we are launching today will go hand in hand with redoubled efforts to reduce costs and restructure activities which remain loss-making," said Air France-KLM Chief Executive Alexandre de Juniac.

The airline hopes that the plan will make it more competitive with low-cost carriers like Easyjet and Ryanair.

FMI: http://www.transavia.com/

Advertisement

More News

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Aero-News: Quote of the Day (06.12.24)

“The legislation now includes a task force with industry representation ensuring that we have a seat at the table and our voice will be heard as conversations about the futur>[...]

ANN's Daily Aero-Linx (06.12.24)

Aero Linx: Waco Museum The WACO Historical Society, in addition to preserving aviation's past, is also dedicated and actively works to nurture aviation's future through its Learnin>[...]

ANN's Daily Aero-Term (06.12.24): Adcock Range

Adcock Range National low-frequency radio navigation system (c.1930-c.1950) replaced by an omnirange (VOR) system. It consisted of four segmented quadrants broadcasting Morse Code >[...]

Airborne Affordable Flyers 06.06.24: 200th ALTO, Rotax SB, Risen 916iSV

Also: uAvionix AV-Link, Does Simming Make Better Pilots?, World Games, AMA National Fun Fly Czech sportplane manufacturer Direct Fly has finished delivering its 200th ALTO NG, the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC