Aero Lloyd
| Aero Lloyd | |
|---|---|
|
|
| IATA code : | YP |
| ICAO code : | AEF |
| Call sign : | AERO LLOYD |
| Founding: | 1980 |
| Operation stopped: | 2003 |
| Seat: |
Oberursel (Taunus) , Germany
|
| Home airport : | Frankfurt am Main airport |
| Management: | Wolfgang Sacher |
| Number of employees: | 1400 |
| Sales: | 418 million euros (2001) |
| Passenger volume: | 3.5 million (2002) |
| Fleet size: | 22nd |
| Aims: | International |
| Website: | aerolloyd.de |
| Aero Lloyd ceased operations in 2003. The information in italics refer to the last status before the end of operation. | |
Aero Lloyd was a German airline based in Oberursel (Taunus) and based at Frankfurt am Main Airport .
history
1980s
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Aero Lloyd was founded in 1979 by three investors, including the former managing director of Germanair and OLT , Christian Baron von Kaltenborn-Stachau , as a charter airline based in Frankfurt am Main . In June 1980, Aero Lloyd received approval to operate scheduled flights . On December 2, 1980, Aero-Lloyd Luftverkehrsgesellschaft mbH ceased its flight operations.
On December 20, the new shareholders Deutsche Luftfahrt Leasing and Air Charter Market founded a successor company that acquired the name Aero Lloyd from the bankruptcy estate and traded as Aero Lloyd Flugreisen GmbH & Co. Luftverkehr KG . As a result, Aero Lloyd's course was largely shaped by Bogomir Gradisnik. On April 1, 1981, flight operations began with charter flights from Frankfurt to Tunisia and Greece.
Part of the fleet were initially three Sud Aviation Caravelle 10Rs for 99 passengers each, in the first quarter of 1982 the fleet was expanded to include three slightly larger Douglas DC-9 -32s with 119 seats. From April 1986 McDonnell Douglas DC-9-83 (MD-83) with 167 seats and from March 1988 a total of four DC-9-87 (MD-87) with 137 seats were used. The majority of the Aero-Lloyd fleet consisted of this type in the next few years.
From the beginning of 1988, Aero Lloyd tried to obtain a permit for domestic German scheduled flights. After being issued in the summer of 1988, scheduled flight operations began on October 31. Due to the poor utilization of only 16%, Die Zeit called the machines “ghost planes”. The behavior of Lufthansa, the low frequencies and the “amateurish advertising policy” were cited as the reasons for the failure.
1990s
In February 1990 the headquarters were relocated from Frankfurt to Oberursel im Taunus . In 1991, Aero Lloyd wanted to get into the long-haul business, ordered two McDonnell Douglas MD-11s and signed options for two more copies, but the aircraft were never taken over. Instead, Aero Lloyd decided to radically change its fleet in 1996 and became an Airbus customer with an order for 16 aircraft from the Airbus A320 family .
In 1998 Bayerische Landesbank took over a majority stake of 66 percent with the intention of selling it on to a strategic buyer. The Bayerische Landesbank was also the largest lender.
insolvency
In 2000, the return on sales was below one percent and thus below the industry average. In 2001, Bayerische Landesbank had to grant a loan of 20 million euros to ensure liquidity. Aero Lloyd achieved a market share of around 12 percent in 2002, but suffered from overcapacities on the market.
On October 16, 2003, Aero Lloyd reported to the responsible local court in Bad Homburg v. d. The amount of insolvency increased and flight operations ceased with immediate effect. The initiation of insolvency proceedings became necessary after the Bayerische Landesbank rejected the restructuring concept presented. Around 300 of the 1,400 employees were transferred to the newly founded successor company Aero Flight .
Since 2012
The Aero Lloyd brand has been used for an online travel platform since 2012. The Aero Lloyd brand is now for sale.
aims
Although the airline was also allowed to operate scheduled flights from 1980, the focus was on charter traffic . Aero Lloyd primarily flew to the classic holiday regions on the Mediterranean , especially to Greece , Spain , Egypt and Turkey .
fleet
Before operations ceased, the Aero Lloyd fleet consisted of 22 aircraft as of October 2003:
Aero Lloyd Austria
The Aero Lloyd Austria Luftfahrt GmbH was founded in early 2003 by Aero Lloyd (with a stake of 48.75%) and private investors (51.25% Michael Wolkenstein founded / Satel film producer) and received on 29 April 2003 an Austrian aviation license .
Since Aero Lloyd only held a minority stake, Aero Lloyd Austria was not affected by the insolvency of the German company. However, flight operations had to be discontinued because all aircraft were leased from Aero Lloyd Deutschland.
In November 2003, Niki Lauda then took over the majority of Aero Lloyd Austria, (he took over 78% in total, including the shares of Michael Wolkenstein) in order to set up a new low-cost airline , which then operated with two former Aero-Lloyd Airbusses on November 28th 2003 made her first flight for Thomas Cook to Tenerife. In 2017, NIKI Luftfahrt GmbH also had to file for bankruptcy.
See also
Web links
Individual evidence
- ↑ a b c d e disappointment and anger at Aero Lloyd. Frankfurter Allgemeine Zeitung , October 16, 2003, accessed on April 17, 2018 .
- ↑ Nice feeling . In: Der Spiegel . No. 34 , 1978 ( online ).
- ↑ a b Aero Lloyd takes off. Hamburger Abendblatt , April 2, 1981, accessed on April 28, 2014 .
- ↑ Multiple emergency landings. Der Tagesspiegel , October 17, 2003, accessed on April 28, 2015 .
- ↑ Torsten Weigelt: The Bellheim of Oberursel. Frankfurter Rundschau , February 4, 2004, accessed on May 11, 2015 .
- ↑ Charter wants to become a line In: Die Zeit , No. 2/1988
- ↑ Establishment of scheduled flights
- ↑ Pick the raisins . In: Der Spiegel . No. 35 , 1988 ( online ).
- ↑ Difficult start of the Lufthansa competitors . In: Der Spiegel . No. 34 , 1989 ( online ).
- ↑ Burkhard Kieker: Like ghost planes . In: Die Zeit , No. 52/1988
- ↑ Devastated . In: The world . October 17, 2003.
- ↑ a b Publication of the decisions of the member states on the granting or revocation of operating licenses in accordance with Article 13 paragraph 4 of Regulation (EEC) No. 2407/92 on the granting of operating licenses to air carriers (2003 / C 156/03) (PDF), Retrieved October 6, 2009
- ^ Aviation - Lauda takes over majority of Aero Lloyd Austria. FAZ Finance, accessed October 6, 2009 .
