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Optimistic messages from ITB Berlin 2011 4 Greek life
An increasing number of
Russian media highlight Minister's visit to Moscow 4
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4 | [NEWS]
OPTIMISTIC MESSAGES RUSSIAN MEDIA HIGHLIGHT
FROM ITB BERLIN 2011 MINISTER'S VISIT TO
MOSCOW
The Minister of Culture and Tourism, Mr Pavlos Geroulanos, in an
exclusive interview he gave to the manager of the news agency In-
terfax, Mr Vyacheslav Tichonof, made references to reducing the VAT
that applies to Greek hotels, which already has affected their prices
and resulted in a downward trend, reducing the cost of using Greek
tant representatives of the German tourism market, like the Presi- airports, and the matter of new visa centers that will open in Russia.
dent of the German Travel Federation (DRV), Mr Jürgen Büchy, the When asked about the effects of the Schengen Treaty on the tourist
representative of EXPEDIA and the low-cost airline Ryan Air, sealed movement from Russia, Mr Geroulanos referred to the creation of
the already good working relationship between the two sides and three new visa centers in Kazan, Samara and Krasnoyarsk, and the
The 45th International Tourism Exhibition (ITB) 2011 triumphantly created new opportunities and possibilities for the future growth of shift of advertising from television to the Internet.
closed its doors recording an astonishing number of 170,000 visi- tourism in Greece. Asked about the decreasing interest among Russians to travel to
tors from around the world, of whom 110,791 were employed in the The meeting with the Secretary General of the World Tourism Or- Greece to buy fur, the Minister said that basically travel preferences
tourism sector, 60,000 from the public and 7,000 journalists from 94 ganization (WTO), Mr Taleb Rifai was also very constructive, while have changed, with many tourists now heading for Crete, Rhodes,
countries. Based on an exhibition report, this flow of visitors yielded the Greek booth was visited by the German Minister of Economy, re- Corfu and other Greek islands. He also stressed the importance of
a total business turnover of 6 billion Euro, injecting a note of opti- sponsible for Tourism, Mr Ernst Burgbacher, accompanied by the cultural, religious and urban tourism, and translation of information
mism for the revival of Greek tourism. materials into the Russian language to inform tourists.
The Greek booth, covering a total area of 2,225 square meters and Regarding the number of tourists from Russia, Mr Geroulanos said
covered in blue and white, with images and sensations from every that two years ago the figure exceeded 200,000 and in 2010 – amid
corner of Greece, welcomed professionals and the general public the crisis – will be close to half a million.
from 9-13 March. Finally, the Minister referred to the close historical, cultural and re-
ligious ties between the two nations, and emphasized the fact that
the Year of Greece in Russia will coincide with the Olympic Games
2014 in Sochi.
RIA Novosti: News agency RIA-Novosti, referred to Minister Ger-
oulanou's visit to Moscow and on statements made during the press
conference given at the hall of the Consulate General in Moscow. As
President and CEO of the Berlin Exhibition, Mr Raimund Hosch. The mentioned in the telegram, the minister made note of the visa being
meeting with 15 representatives of the Tourism Committee of the issued within 48 hours from the Greek General Consulate and an in-
Bundestag, who are planning to visit Greece in May, was also im- crease in the number of multiple entry visas, which will have no ef-
portant. fect on illegal immigration.
At a press conference at the International Conference Centre (ICC), Mr Mr Geroulanos referred to the new visa centers to be opened with-
The presence of 50 Greek co-exhibitors was a catalyst in promoting Geroulanos, amongst other things, referred to Greece's effort to im- in three months in the cities of Kazan, Samara and Krasnoyarsk,
the Greek tourism product, covering a wide range of the country's plement institutional and administrative changes in the restructur- stressing that "the Greek government views these cities as major
tourism industry, represented by different regions, tourism associ- ing of tourist structures, upgrading of tourism services, lifting of cab- tourist markets, like Russia as a whole,” while highlighting the po-
ations, luxury hotels, travel agencies, tourist publishing houses as otage, reduction of VAT for hotel accommodations, reducing the cost tential for large travel agencies to take over the Visa Centers.
well as airlines and shipping companies. of airport use during the off season and promotion of the Greek Finally, the Minister of Culture and Tourism did not fail to recall that
The Greek delegation was accompanied by Minister of Culture and tourism product in new markets like China and India. Russia has in Greece an ally within the EU, as it considers it neces-
Tourism, Mr Pavlos Geroulanos, Deputy Minister of Culture and sary to simplify the visa regime even further.
Tourism, Mr Giorgos Nikitiadis, Komsomolskagia Pravda: The newspaper Komsomolskagia Prav-
President of the Greek National Tourism Organization (GNTO), Mr da published an article titled 'Holidays in Greece are cheaper', by Yu-
Nikolaos Kanellopoulos, the GNTO Secretary, Mr Giorgos Koletsos lias Smirnova, which focuses on the reduction of prices at Greek ho-
and the new Chief of GNTO Germany, Mr Panagiotis Skordas. tels by 5% in 2010, and the expected further discount associated with
Important meetings between the Greek leadership and represen- the relevant VAT reduction, while noting that the Greek airports won't
tatives of the most powerful German tourist organizations, Dr impose tariffs on most charter flights from Russia.
Michael Frenzel (CEO TUI International), Mr Volker Böttcher (CEO TUI All this should help, the columnist stated, in a significant reduction in
Deutschland), Mr Sören Hartmann (CEO REWE), Mr Peter the price of package tours to Greece, noting that last year "several
Fankhausen (CEO Thomas Cook AG), Mr Volker Berlinghoff (Direc- tourists traveled to Greece, because prices were low compared with
tor Alltours), Mr Dietmar Gunz (CEO FTI Touristik), as well as impor- those in Turkey."
[NEWS] | 5
EUROPEAN TRENDS IN Taking advantage of the positive responses recorded, based on the
results of contacts made and conversations he and Minister of Ma-
Greece. At the reception which followed in honor of the winners, four
prominent chefs inspired by the four most abused dishes of Greek
TOURISM 2011 rine Affairs, Fisheries and Islands, Mr Giannis Diamantidis, had in
Miami with cruise companies to develop services in the coming
cuisine presented them in their own unique way.
The Golden Cup is the only established business institution that rec-
In Germany and the Netherlands tourism demand is increasing as
well as in Britain, where reservations / package tours increased sig- years, Mr Nikitiadis said he is very optimistic about prospects that ognizes and awards creative gastronomy in Greece and has become
nificantly. Having reached its highest level in the last three years at exist for Greece. a benchmark for all, as the mass media, public, entrepreneurs, de-
the end of 2010 / beginning of 2011, the GfK Consumer Credit index The Deputy Minister described and gave specific examples of Greek velopers and the state itself all show real confidence in the work of
continues to grow. Earnings from the bookings of vacation pack- destinations where the cruise industry can be developed. He also the "Athinorama" in the field of gastronomy.
ages at German travel agents, as measured by GfK Travel Insight, talked about government efforts to attract specific types of tourism,
are correspondingly high: the cumulative figures up to late January of which the cruise industry is a primary goal.
show an increase of 18% over the same period last year for the sum-
mer season of 2011. A similar trend is observed in the Netherlands,
Mr Nikitiadis and Mr Diamantidis gave a press conference to a large
number of journalists of the special press that deals with cruises. At
VEDEMA WINE EXHIBITION
In anticipation of the commencement of the new tourist season the
with holiday bookings showing an increase. the conference they stressed the prospects and mentioned the new
Restaurant 'Selini', in collaboration with Iliotopos, recently held an
These growth rates show record turnovers in the two markets, sur- legislative framework that has been shaped, pointing out that they
exhibition of Vedemas wines (vintage) 2010 in the lower area of the
passing the levels of the summer of 2008 before the economic cri- are open for cooperation and await proposals of the cruise compa-
restaurant in Pyrgos, Santorini. Entrance was free and all the island's
sis. In Britain, demand has increased by 7%, although profits from nies.
wineries participated showing their latest bottling and more. The up-
reservation packets haven't reached the high level of the 2008 sea- per area of the 'Selini' was host to an open discussion, titled 'San-
son of around 11%. torini, a Gastronomical Destination'.
As for French, Italian and Russian tourists, it is still too early to talk
about their plans for the summer holidays of 2011 as they tend to
THE GOLDEN CUP AWARD
book their trips later: only 2-7% of the total package of these summer & THE GREEK KITCHEN STRONG INVESTMENT
holidays markets are booked before the end of the previous year.
Awards 2011 ceremony Took place on
Increased profits in the tourist markets of Germany, Great Britain
and the Netherlands for the coming summer period of 2011 are
Sunday, 20th March INTEREST FOR RESEARCH
mainly due to increased demand but also to increased spending on
holiday packages.
OF GEOTHERMAL ENERGY
The international tender opened for the leasing of four areas (Delta
Spain is a popular destination for summer vacations this year. Nestos, Evros, Samothrace, and Chios central and south) offered for
Profits from the packages destined for Spain have increased sig- research, where according to the Institute of Geology & Mineral Ex-
nificantly in Germany (+23%), Britain (+16%) and the Netherlands ploration (IGME) there are reasonable prospects of rich geothermal
+14%). Great Britain, Greece, Cyprus, Mexico and Italy are other potential/development, has been particularly successful.
highly favored destinations, showing increased profits from holi- The tender was conducted mid-March, with the four sites collecting
day bookings. a total of 18 bids from six companies or joint ventures. The cash
amount of the bids for all four fields exceeded 350 million Euros.
Analytically, the competition included some of the largest compa-
DEPUTY MINISTER nies working in the field of geothermal energy, such as Italian ENEL
SA, Israeli-American ORMAT Int. and Canadian interest Hellenic Ge-
NIKITIADIS AT CONGRESS The culinary awards Golden Cup 2011 were presented late March at
the Athens Concert Hall (Nikos Skalkotas room) by the "Athinorama" othermal Holdings Corp. as well as large Greek companies like DEH
FOR CRUISES magazine and the annual holiday guide "Alpha Guide", which eval-
uates and grades the best restaurants and hotels in Greece. This
Renewables, Aegean Energy and ITA - Terna Energy SA.
The Deputy Minister of Environment, Energy and Climate Change
The excellent features and great opportunities that exist for devel- (YPEKA), Mr Giannis Maniatis, said this "was a big step, at both an
oping cruise itineraries to destinations in Greece were recently pre- year's event was held under the auspices of the Ministry of Culture
and Tourism and the Municipality of Athens. investment and an energy level for our country. Attracting some of
sented by the Deputy Minister of Culture and Tourism, Mr Georgios the largest geothermal investment companies in the world, with a
Nikitiadis, who was keynote speaker at a conference taking place in In its long history, the Golden Cup has contributed decisively to the
emergence of new talent and in the progress of gastronomy in total of 18 investment proposals for the four geothermal fields ten-
Miami, USA, with the theme "Where in the world is the cruise in- dered, it opens a large window on the most neglected area of green
dustry projected to grow?" to a substantial audience of senior exec- Athens as well as throughout Greece. It started in 1993 with the aim
of rewarding the top 10 restaurants in Athens, and in 2003 expand- energy, geothermal energy – one area in which Greece has a great
utives from cruise companies and professionals who promote and comparative advantage and where it can develop serious invest-
sell the cruise product. ed across the country. From 2008 onwards the institution was com-
pleted with a separate award for best Greek Restaurant Cuisine, ments, both for electricity generation and for use in organic farm-
Mr Nikitiadis reported extensively on the Greek area stressing that ing, high-level tourism, income support in the region etc. The case
it is a unique area for cruises. He pointed out that Greece has the helping and significantly highlighting the leading efforts in each cor-
ner of the country. of geothermal energy proves once again that when our country se-
largest number of potential cruise ports throughout the Mediter- riously and with documentation shows its comparative advantages,
ranean with each port having unique characteristics, so the experi- This year's ceremony, presented by renowned Chef Ilias Mamalakis,
was attended by restaurant and tourism entrepreneurs from across then the investment interest is high and to the benefit of the nation-
ence that the passenger-tourist will have will be one of a kind. al economy."
news.travelling.gr
6 | [NEWS]
"ANOTHER CITY gram was presented, which investigated the possible accession of
Panepistimiou Avenue in an urban and architectural ring that will
have access to the electricity grid.
4. Green transport projects (electric vehicles and hydrogen) and re-
IS POSSIBLE": connect the promenade of archeological sites with the city's great
archeological museums. This includes the recognition of Amalia Av-
spective filling stations. More specifically, a charging station for elec-
tric vehicles will be installed on the island with energy from photo-
STUDIES AND RESEARCH enue, the entire area between the Academy and the Stadium, and voltaic cells and a refueling station for vehicles running on hydro-
Patission Avenue to the Archaeological Museum and the Egyptian gen, which will be the first of its kind being implemented in Greece.
FOR ATHENS CENTER Square, with a clear priority to pedestrians. It is intended for only the 5. Other green measures, such as hydroponic greenhouses, organ-
tram line to run on Panepistimiou, terminating at the end of Patission ic agriculture, fisheries and livestock.
Avenue, thus absorbing the highest traffic volume of the central dis- YPEKA designed the project with GSRT funding and implementation
tricts. by the Centre for Renewable Energy Sources and Energy Saving
The Organisation of Planning and Environmental Protection (ORSA) (CRES), along with the support of academic institutions. The Man-
presented a systematic collection, recording and evaluation for fu- agement Authority will be established immediately and will involve
ture use of all previous studies on Patissia. the Agios Efstratios Community, DEH, DEH Renewables and CRES.
Ai Stratis, being the first non-interconnected island of Europe with
AI STRATIS, THE FIRST such a high penetration of green energy will become a model for the
'greening' of all Greek islands. It will help develop Greek knowledge
GREEN ISLAND and experience in implementing integrated island systems with very
high penetration rates of renewable energy, and applications of en-
ergy-saving measures and green transport. Upon completion of the
Athens city center can be transformed into a quality urban environ- project, the operator will be financially viable, with resources that
ment with respect for city residents and visitors, said the political will come primarily from the sale of electricity from renewables.
leadership of the Ministry of Environment, Energy and Climate
Change, during the conference 'Athens: Another city is possible',
held in mid-March at the Benaki Museum. TOUR OPERATORS REPORT
"The problems of the center have cumulatively caused the most crit-
ical change in physiognomy. We chose to approach this complex is- 50% DECLINE IN INBOUND
sue systematically and carefully. We sought the cooperation of ex-
perts with knowledge and experience in the investigation and iden-
BUSINESS FOR UK IN
tification of often-invisible-characteristics of areas affected by in-
The groundwork for the project 'Political Support and future needs OLYMPIC YEAR
tense weathering. The aim of the present conference is to uncover
- Green Island' have been completed and a call was recently issued
these very serious and in-depth findings," stressed YPEKA Minister
for the funding of the projects in the municipality of Agios Efstratios.
Ms Tina Birbili.
In order to make Ai Stratis the country's first Green Island, where
"It is obvious that the reconstruction of the region is not the respon-
electricity is generated exclusively from renewable sources, wind,
sibility of just one ministry. It is a political and interdisciplinary prob-
solar farms and biomass the project had to be designed on a more
lem whose solution requires a comprehensive plan and careful
sound basis, reducing the technical and economic doubts while
handling over a period of time that will involve all stakeholders, the
maintaining its innovative character.
central government, the municipality, the academia, businesses, and
The aim of YPEKA, in collaboration with the General Secretariat for
the Community of Citizens,” stressed Mr Nikos Sifounakis, an YPE-
Research and Technology (GSRT) of the Ministry of Education, Life-
KA Minister.
long Learning and Religious Affairs, which will be the sponsoring
At the conference, SARCHA (School of ARCHitecture 4 All) presented
authority, was to eliminate the bureaucratic obstacles concerning
a pilot study for the area of Gerani that included a mapping of the re- Current Prospects for London 2012
the Implementing Agencies and Project Management and the fund-
gion's human, material and natural resources. This is a program As happens in nearly all Olympic destinations, demand is sup-
ing process. These obstacles were the main reasons the project was
that focuses on creating conditions for people to participate in the pressed during the year of the event. Regular bookings are drying up
not implemented. The project budget amounts to EUR 8,903,498.57
shaping and the "joint possession" of the resources of the urban en- and the volume of enquiries is down. According to a survey of BIM
and includes the following interventions:
vironment in which they live. attendees, demand for 2012 is 20% on 2011.
1. Renewable energy projects and energy storage: Installation of 500
Furthermore, in a study presented at the National Technical Univer- Demand is reduced, but the industry is unable to meet even reduced
kW wind power generators and a photovoltaic park with 100 kW of
sity (NTUA) on 'Urban reconstruction of centrality in modern greater levels of demand as there is a dramatic reduction in availability.
power, combined with the storage of excess energy produced in bat-
Athens', insiders from the center of Athens who were born and grew The London hotels remain confident that 2012 is going to be a bo-
teries but also in the form of hydrogen.
up there, interacted with the new generation of researchers to aim nanza. This is founded on high rate demand in 2009 and 2010, with
2. Energy-saving interventions and coverage of thermal and cooling
for a better city for all residents. solid demand in the summer months. For the Olympics in particu-
loads using Geothermal Heat Pumps (GSHP) in public buildings.
Another section of Athens that preoccupied the work of the confer- lar they see: 55,000 room reservations placed by LOCOG; additional
3. Independent stationary power production units based on photo- requests for accommodation from foreign Olympic Operators; esti-
ence was Panepistimiou Avenue, as the axis around which the re-
voltaic and fuel cells, on farms on the island, which do not currently mates of foreign visitor numbers of 200,000 per night and expecta-
construction of the center can be designed. An NTUA research pro-
[NEWS] | 7
news.travelling.gr
8 | [NEWS]
FEE WAIVERS AT 13 LOW-COST FLIGHT the advanced generation A330-300, which consumes 12% less fuel
per passenger.
PUBLIC AIRPORTS COMPANIES TO Sustainable development, less noise and lower fuel consumption
Approximately two thirds of all SWISS investments will be devoted
The Minister for Infrastructure, Transport and Network, Mr Dimitris
Reppas, with a view to strengthening Greek tourism by increasing 20 EUROPEAN DESTINATIONS to technological innovations in the next few years. These invest-
flights to the Greek airports, signed a decision for exemption of pay- Another feature of this year's summer season is the 14.2% increase ments will help to substantially reduce emissions of carbon dioxide
ment of fees at state airports, repeating a similar decision last year. in low-cost flights to Athens airport compared to the 2010 corre- and noise emissions. From 2014 onwards, SWISS will replace its
Mr Reppas signed that from 1 April 2011 to 31 December 2011, land- sponding period. During this year's summer season, 13 low-cost current short distance aircraft Avro series RJ100 with the new gen-
ing, take off and ground fees for aircraft (light or otherwise) will not airlines will link Athens with 20 European destinations, with eration CSeries Bombardier. The standard engine is twice as quiet as
be paid at all public airports in Greece, apart from Athens Interna- Transavia Netherlands and Jetairfly added to the airport's network. those of RJ100 and burns 25% less fuel. SWISS is the first company
tional Airport Eleftherios Venizelos. This market represents 10% of the airport's international passenger to order 30 CSeries aircraft, thus rendering it a driving force in the
movement and 25-30% market share of all foreign airlines operat- development and introduction of such an advanced new regional
MORE INTERNATIONAL ing at AIA. twinjet.
LUFTHANSA PASSENGER the-art technology in aircraft, on board and on ground and high qual-
ity services in all aspects. Alongside our investments into products
a traditional tea ceremony for a good Feng Shui!On the next day, af-
ter their morning walk around the famous Bund area, they experi-
AIRLINE GROUP EXPANDS and services, we will continue to implement our cost savings and
efficiency program through synergies with our partners, and by im-
enced passing under the Huangpu river via the Tourist tunnel and
climbing on the 100th floor of World’s Financial Center which is the
AND SETS NEW GOALS!! proving business processes”. second tallest building in the world as of 2008.By flying on Business
Newly appointed managers in Lufthansa Athens team class of Qatar Airways the agents had the chance to experience at
Lufthansa Passenger Airline Group administrative team represents first hand the World’s Best Business Class, awarded by Skytrax, and
the group’s, Lufthansa, Austrian Airlines, British Midland, Brussels taste the airline’s Business Class catering, recognised separately as
Airlines and SWISS, long lasting targets and goals: excellent serv- the best in the world, again by Skytrax World Airline Awards 2010.In
ices, reliable fleet and innovative ideas that enhance the travel ex- Shanghai, which is a bustling port with a pronounced European fla-
perience. The expansion of Lufthansa Group is followed by internal vor that lingers from its heyday earlier this century as one of the
restructuring, for the best and more effective results. Old faces, re- world’s great maritime crossroads, all agents had the chance to
vised duties, enhanced roles. The team is stronger than ever and walk through Shanghai‘s neighborhoods that reveal a surprising
ready to face all new challenges. mix of European architecture and old Chinese facades. During their
stay, they have also explored the gourmet tastes of the famous Wal-
QATAR AIRWAYS TRAVEL dorf Astoria.On their trip back to Athens, the agents also visited the
Doha International Airport (DIA) Premium Terminal and inspect all
Back, left to right Mr. Jimenez – Werner Marc, Mr. Tzevelekos Konstantinos,
Ms Nikoli Eleni. In front left to right: Ms Louvrou Theodora, Ms Spaguru Haido and AGENTS FAM TRIP TO innovative facilities designed to provide the best level of comfort and
hospitality for the premium Qatar Airways passengers.
Mr. Lazarides Alexandros
2011 year of internal restructuring: new duties, same targets:Total
SHANGHAI
customer satisfaction Enjoying a 5-star Experience on OLYMPIC AIR TO INCREASE
Lufthansa AG for more than sixty years now is an aviation compa-
ny with operations worldwide. It comprises of more than 400 sub-
Qatar Airways Premium Cabin & Visiting the TRAFFIC IN THE BALKANS
Premium Terminal
sidiaries and associated companies. The Group currently is active in
five business segments: Passenger Airline Group (strategic core
AND THE GREEK MARKET
segment), Logistics, Maintenance, Repair and Overhaul (MRO), IT
Services, Catering.
Lufthansa Passenger Airline Group, that is presented today, consists
of five top airline companies, named Lufthansa Passenger Airlines
(incl. Lufthansa Regional and Lufthansa Italia), Austrian Airlines,
British Midland, Brussels Airlines and SWISS, forming a strong and
qualitative network that connects Greece with 8 main hubs: Frank-
furt/Main, Munich, Zurich, Vienna, Brussels, London Heathrow and
Gevena. Altogether, Lufthansa Group serves over 274 destinations
in 104 countries and 4 continents, operating 19 daily flights from From Left to Right Mr Nikos Papanastasiou from Griffin Travel Marine, Mrs Sapfo
Greece. In the year 2010 Lufthansa Group carried more than 90 mil- Panagiotidou from Qatar Airways, Mr George Fafalios from Aktina Group of com-
lion passengers!! panies, Mr George Kyvernitis from Kyvernitis travel & shipping, Mr George Fytillis
In Greece the Passenger Airline Group is represented by Lufthansa from Argo Travel and Mrs Vassia Avdela from Marine Tours. The Board of Olympic Air, at its first meeting with its new composi-
and Swiss International Airlines, while Lufthansa is the General Qatar Airways, ranked Five Star for service excellence and recently tion, decided to overhaul the company's strategy by focusing on tar-
Sales Agent for Austrian Airlines, British Midland and Brussels Air- voted third best airline in the world, following the annual Skytrax geting strategic development for Olympic Air to become a leader in
lines. survey, has organized successfully the 1st Shanghai Familiarization Southeast Europe by exploiting the competitive advantage of its high
Mr Paulo Yoshikawa, Lufthansa General Manager Greece and Trip exclusively for Marine Travel Agencies, between the 14th-18th product quality.
Cyprus, speaks fondly of the company’s positive results: “Undoubt- Mar 2011. Mrs. Sapfo Panagiotidou,Qatar Airways Marine Account The recent decision of the Competition Commission, which disrupt-
edly 2010 has been a year of challenges and crisis in a multitude of Manager escorted the group formed by Mrs. Vassia Avdela from ed the plans of creating a single Greek airline with a Europe-wide
fields. Lufthansa Group has followed a careful and well- planned Marine tours, Mr George Fytilis from Argo Travel, Mr.George Kyver- range, and the difficult conditions and medium-term prospects of
policy and today the positive results are evident: the company is nitis from Kyvernitis Travel, Mr. George Fafalios from Aktina Travel the market, forced the company to reconsider the timetable and to
based on a solid financial structure providing results above the av- and Mr.Nikos Papanastasiou from Griffin Travel Marine s.a.The form its project so that it matches new strategic planning.
erage of the airline industry in Europe. Our declared aim is to main- group was accommodated in the Hilton Shanghai Hotel, the ultimate In this context, the domestic flight schedule has added routes in-
tain and extend our position as the leading European quality carrier expression of style and sophistication in the French Concession area cluding Athens - Corfu, Athens - Alexandroupolis, Thessaloniki -
even in times of crisis and offer a global product that covers the main of the city, renowned for its charm and cosmopolitan energy.Agents Heraklion, Thessaloniki - Chania, Thessaloniki - Mytileni and Thes-
traffic flows from Greece to the World. We need to lay our emphasis were able to visit the old shanghai Yuyuan Garden with its tradition- saloniki - Rhodes. Furthermore, it adjusted its international network
also for 2011: offer improved service for our clients, offer state-of- al Chinese park and shop in the old town market. Also they enjoyed to maintain or expand flights to Amsterdam, Belgrade, Bucharest,
news.travelling.gr
10 | [NEWS]
Cairo, Istanbul, Larnaca, Sofia and Tirana, while eliminating its routes “The challenges of the acute recession of the Greek economy and €1.1 billion net profit (supported by an extraordinary tax effect). Sales
to Brussels, London, Paris and Vienna. the significant rise in the price of fuel, will continue to affect the com- rose by 22.6% to €27 billion. That’s due to the first-time consolida-
At the same time, all existing agreements on code share flights with pany’s results during the current year. Nevertheless, in line with our tion of BMI and Austrian. But even on a comparable basis, revenues
Delta on flights to the USA and Etihad in Australia and South Africa long term strategy, we continue to invest in our network develop- would have been up by more than 14%. That growth was mainly due
will be maintained, while new arrangements for the uninterrupted ment in order to support and also benefit from the expected rebound to the strong recovery of the group’s various airlines.
service for passengers of the company are being evaluated. Final- of tourist traffic flows to our country. Needless to say, our efforts to The airline division—made up mainly of Lufthansa, Austrian, Swiss,
ly, Olympic Air and Aegean will appeal to the European courts further improve productivity and competitiveness as well as to de- BMI and Germanwings—achieved a €436 million combined oper-
against the decision of the European Competition Commission, velop new programmes and services will be redoubled.” ating profit. But of the five carriers, only two (Lufthansa and Swiss)
which did not approve the merger of the two Greek airlines. During the IATA 2011 Summer period, the Company will were profitable. Austrian recorded a €66 million loss, BMI lost €145
-introduce new routes from Athens to Moscow and Bologna,-in- million and low-fare unit Germanwings was down €39 million.
AEGEAN ANNOUNCED crease its frequencies from Athens to London/Heathrow, Rome,
Paris/CDG, Brussels, Barcelona and Madrid.
While Austrian is expected to return to profitability in 2011, German-
wings will most likely remain in the red this year. And in the case of
RESULTS FOR THE - strengthen its base at Thessaloniki with new routes to Moscow,
and Paris reaching 18 domestic and international destinations served
BMI, Lufthansa appears to be shifting the turnaround target to the
right: 2012 is now seen as a major challenge when it comes to mak-
FULL YEAR 2010 from Thessaloniki ing a profit.
- operate out of Larnaca/Cyprus with direct flights to But even Lufthansa is struggling in its European network. “I cannot
London/Heathrow as well as 6 Greek destinations imagine anybody who is currently able to make money in European
With these additions, AEGEAN will operate 35 international and 24 air traffic,” Franz says. In his view, that is due to intense competition,
domestic routes, without taking into account a significant number of but also the increasing tax burden that cannot be passed on to con-
international destinations served by 6 Aircraft on charter operations. sumers. For Lufthansa, that makes the turnaround of the direct
services unit (flights not linked to the Munich and Frankfurt hubs)
even more difficult. Franz says unit costs have come down by 14% al-
LUFTHANSA ABANDONS ready, but much more is needed. And if it becomes apparent that
current measures are not sufficient, he is calling for “new ideas.”
TAKEOVERS That could include Germanwings taking over more mainline flying.
The carrier’s unit costs are little more than half of Lufthansa’s.
AEGEAN announced results for the full year 2010 which are in line
with estimates announced in early February. More specifically, rev- EASTERN MED BOOST FOR
enue declined 5% to €591m. Net result after taxes posted losses of
€23.3m, burdened by €8m related to the extraordinary social contri-
MONARCH WITH NEW
bution charge. FLIGHTS TO TURKEY AND
In the international network, with the addition of new routes, the
company carried 3.06 million passengers, achieving 9% y-o-y GREECE
growth. On the other hand, due to weak demand conditions, pas- Monarch is boosting its services to the Eastern Med this summer,
sengers carried in the domestic network declined by 16% to 3.17 mil- with the launch of new scheduled flights to Bodrum in Turkey and the
lion passengers with a significant reduction in average fare. Greek island of Corfu from May. Flights are available to book now via
Weak domestic demand conditions, the subsequent significant re- Lufthansa is no longer pursuing any takeovers in Europe. “The pres- www.monarch.co.uk with fares starting from only £68.99 one way
duction in average fare and the rise in the price of fuel were the main sure to buy something is extremely low,” new CEO Christoph Franz including all taxes and charges.
contributors to the loss. said at the airline’s annual news conference in Frankfurt. The new Eastern Med flights will also be joined by a host of addi-
During the last year the Company intensified its efforts to improve Franz took over the top job at Lufthansa in January, following Wolf- tional services to some of Monarch’s key European hotspots across
productivity, reduce costs, and restructure its network as well as in- gang Mayrhuber. His statement indicates a new phase in the group’s the Balearic and Canary Islands plus Cyprus.
troduce new systems. Through these initiatives, it has succeeded to development. Mayrhuber acquired Swiss, BMI and Austrian as well The new and additional flights for summer 2011 include:
reduce the consequences of the adverse economic environment as as large shareholdings in Brussels Airlines and JetBlue. But Franz - *NEW* Luton – Corfu – 3 flights per week (launches 23 May)
well as to materially protect its cash reserves which settled at €190m now argues that competition authorities are demanding ever more - *NEW* Gatwick – Bodrum – 2 flights per week (launches 23 May)
despite the €22.2m income tax outflow (FY09 income tax, income tax significant concessions, making consolidation less attractive. “Our - *NEW* Manchester – Bodrum – 2 flights per week
“advance” for FY10, extraordinary social contribution tax for 2009). main focus is on organic growth,” Franz said. (launches 02 May)
For 2011, efforts for further productivity improvements are continu- That message will be noticed at Lufthansa’s Star Alliance partners - *NEW* Birmingham – Bodrum – 2 flights per week
ing. In addition, the Company aims to operate for the first time in its SAS and LOT Polish Airlines, which have been on the market for (launches 23 May)
12-year history a one aircraft type fleet of Airbus A320 family, thus some time. Lufthansa has been tipped as the most obvious buyer, - Gatwick – Palma – 1 additional flight per week
achieving further operating cost efficiencies. but that no longer seems to be the case. - Gatwick – Tenerife – 1 additional flight per week
Mr. Dimitris Gerogiannis, Managing Director, commented: Lufthansa emerged well and quickly from the global economic cri- - Gatwick – Paphos – 3 additional flights per week
sis. It achieved a €876 million ($1.23 billion) operating profit and a
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