Aviaforum Financial

[Che]

UAL Corporation to Hold Investor Day on December 12, 2006

Dec. 5

UAL Corporation (Nasdaq: UAUA) announced that it will webcast its Investor Day conference on Tuesday, December 12, 2006. Presentations will begin at 9 a.m. CST and
conclude by 12:30 p.m.
The meeting will feature presentations by senior UAL and United Airlines executives on the company's performance agenda of controlling costs, optimizing revenue and improving the customer experience.
The live audio webcast and the accompanying presentation materials will be available on the investor relations section of United's web site at . The webcast and slides will be archived on the websitewithin 24 hours of the presentation and will be available for at least two weeks.
About United
United Airlines (Nasdaq: UAUA) operates more than 3,700* flights a day on United, United Express and Ted to more than 210 U.S. domestic and international destinations from its hubs in Chicago, Denver, Los Angeles, San Francisco and Washington, D.C. With key flight operations in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United is also a founding member of Star Alliance, which provides connections for our customers to 842 destinations in 152 countries worldwide. United's 55,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company's Web site at united.com. *Based on the flight schedule between May 1, 2006 and Dec. 31, 2006

Worldwide Communications:
Media Relations Office: 847.700.5538
Evenings/Weekends: 847.700.4088

SOURCE UAL Corporation

 

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TAM Reaches 51.7% Domestic and 61.2% International Market Share

Dec. 8

TAM S.A. (NYSE: TAM) (BOVESPA: TAMM4), announces operating data for November 2006, as disclosed by the National Civil Aviation Agency (ANAC). According to ANAC, TAM registered 33.8% growth in domestic RPK (demand) compared to the same period last year, and a 33.1% increase in domestic ASK (supply). In November, market demand increased by 6.7% and market supply increased by 9.8%. In the international market, TAM registered 45.5% growth in RPK and 50.5% in ASK, compared to November 2005.
TAM's domestic load factor was 68.1%, representing 0.3 p.p. growth compared to November 2005 and higher than the 67.1% market average. Regarding the international load factor, TAM reached 70.9%, higher than the market average of 67.4%.
TAM registered a domestic market share (RPK) of 51.7%, a 10.4 p.p. growth compared to the same period in 2005. Regarding the international market, the company reached a market share of 61.2%, representing a 40.0 p.p. growth year on year.
The domestic scheduled yield in November had a slight decrease compared to the same period in 2005.
About TAM:
TAM ( http://www.tam.com.br ) has been the leader in the Brazilian domestic market for more than three years, and held a 51.7% domestic market share and 61.2% international market share at the end of November 2006. TAM operates regular flights to 48 destinations throughout Brazil. It serves 74 different cities in the domestic market through regional alliances. Additionally, it maintains code-share agreements with international airline companies that allow passengers to travel to a large number of destinations throughout the world. TAM was the first Brazilian airline company to launch a loyalty program. Currently, the program has over 3.3 million subscribers and has awarded more than 3.6 million tickets.
Provision on future information:
This notice may contain estimates for future events. These estimates merely reflect the expectations of the Company's management, and involve risks and uncertainties. The Company is not responsible for investment operations or decisions taken based on information contained in this communication. These estimates are subject to changes without prior notice.

Investor Relations Contact:
Phone: (55) (11) 5582-9715
Fax: (55) (11) 5582-8149
[email protected]


SOURCE TAM

 

[Che]

Boeing Announces 17 Percent Dividend Increase

Reflects strong cash flows, balanced cash deployment strategy

Dec. 11

The Boeing Company (NYSE: BA) today announced that the company's Board of Directors has approved an increase of 17 percent to the company's quarterly dividend. The increase lifts the company's quarterly dividend to 35 cents per share and its annual
dividend to $1.40 per share.
"Increasing the dividend is part of our balanced cash deployment strategy and reflects our strong operating performance and outlook, excellent cash generation and commitment to deliver value to shareholders," said Chairman, President and Chief Executive Officer Jim McNerney.
The dividend is payable Mar. 2, 2007, to shareholders of record at the close of business on Feb. 9, 2007.

SOURCE The Boeing Company

 

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At The Board Of Directors Of OAO “Aeroflot”

Dec. 01

At the scheduled meeting of the Board of Directors of JSC "Aeroflot" the balance of the air company work within 9 months of the current year was discussed on November 29 of this year.
Within this period 5 mln. 529 thousand (339 thousand more than within 9 months of the previous year) and 104,5 thousand tons of post and cargo were flown, as well as 16 bln. 907 mln. passenger-kilometer and 2 bln. 159 mln tonne-kilometer.
The increase of the volume of traffic was achieved due to the development of the routes network and increase of flights frequency in domestic and international air lines, as well as more effective commercial activity. Occupation of passenger chairs has increased by 1.8% and comprised 71.4% within this period.
The proceeds of JSC "Aeroflot" from sale of air conveyance and fulfilled services within 9 months of the year 2006 have comprised 50 805,0 mln. rubles, which is by 16.5% more than the similar period of the year 2005.
As a result of production-financial activity within 9 months of the year 2006, after the tax payment and other due payments, the income in the amount of 4 497.7 mln rubles, which is by 2 139.7 mln. rubles more comparing to the previous year.
The Board of Directors has observed results of the usage by JSC "Aeroflot" the software system for booking and management of resources Sabre, as well as main directions of its further usage. Due to changeover to Sabre software, a modern full-functional tool for booking and management of resources was received, which exceeds significantly possibilities of the previous technologies.
The system security has improved, a base for the changeover to the electronic ticket. The agents network has received a modern tool with provision of access to additional services for hotels booking and car rental, sea and railway carriages, as well as to the biggest tariffs data base. As a result of introduction Sabre products the prerequisites were created for changeover to 100% automatic printing of tickets; procedures of the through registration and other services were adapted to requirements of SkyTeam alliance.
Technical possibilities of the new system provided support of the growth of passengers number who fly frequently according to the program Aeroflot-Bonus from 250 thousand in April 2005 to 626 thousand in October 2006.
As a result of introduction of the internet sale on the base of SabreSonic Web product, users of Internet received possibility to book a carriage, make payment of the carriage with credit cards (Visa, Master Card, Diners Club, UATP, AmEx), to make an air ticket in any sales office of the air company.
The further usage of Sabre makes it possible to change to the electronic ticket technology, to implement technology of passengers registration, using booths of self-registration, which are planned to be installed in Sheremet'yevo airport until the end of this year.
The Board of Directors stated that the changeover of Aeroflot to the usage of Sabre system provided the air company with the modern and effective tool of sales organization, created favorable conditions for further development of air company technologies, comparable with the leading international air carriers.
The Board of Directors has observed results of the Air-technical complex (ATC) activity within the year 2005 - the first half-year of 2006, tasks and perspectives of its development.
A high level of charterworthiness of air crafts support was noted, compliance of ATC activity to Russian and international standards and regulations.
The Board of Directors especially noted activities for improvement of reliability and efficiency of IL-96-300 planes.
With the aim of improvement of the passengers' service level, a modernization of passenger salons of Tu-154 air crafts, a complex of activities for making interiors of air crafts IL-96-300 and Tu-154 in compliance to the international standards of passengers' safety and comfort is being performed.
There is the only in the civil aviation of Russia metrological laboratory in ATC of Aeroflot, which performs metrological control and calibration of a wide range of tools and equipment of the foreign and Russian production. It provides functioning of the effective system of the incoming control and estimation of authenticity of air crafts components based on developed and implemented methods and technologies of acceptance and control of air mechanisms and components of the domestic production.
The Board of Directors has confirmed ATC tasks in the field of technical service organization of air technique: to provide high level of flights' security, to stay the leading organization for the technical service of air crafts of the domestic and foreign production in Russia, to enlarge a range of provided services and to compete successfully on the domestic and international market of technical service of the domestic and foreign air crafts.
The Board of Directors of the Association has taken a decision to observe a question of fulfillment of "Strategic development concept of JSC "Aeroflot"" for the period until the year 2010 during the next scheduled meeting. A number of members of the Board of Directors suggested including consolidation of the Russian air companies by Aeroflot as one of the priority tasks of the air company for the next period.

SOURCE JSC "Aeroflot"

 

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UTair SHAREHOLDERS APPROVE MAJOR TRANSACTION

Nov. 30

The shareholders of UTair (UTair Aviation, JSC) have approved a series of interrelated transactions worth a total of RUR2bn (approx. USD76.02m) at their extraordinary general meeting.
The meeting was held by absentee ballot, and the decision was passed by a majority of votes.
The transactions are connected with UTair Airlines providing non-repayable security to UTair Finance Limited Liability Company worth a total of RUR2bn against buyers of series 03 documentary interest bearer bonds with mandatory centralized custody, which are to be issued by UTair Finance.
The maximum amount of security of UTair Aviation equals the total par value of the bond issue, or RUR2bn (approx. USD76.02m), and aggregate coupon yield on the bonds.
UTair Finance is a UTair Aviation subsidiary set up with a view to developing and implementing fundraising programs for the airline. UTair uses loans to finance its development projects, including replacement and enlargement of its air fleet.
In so far as the airline’s business growth is concerned, it should be noted that within the first nine months of 2006 UTair’s revenue surged 46% against the respective period in 2005. Its air fleet was supplemented by 12 more aircraft, including one Tu-154M jet and one Tu-134 jet, as well as two Mi-171, three Mi-26, four Mi-8MTV and one AS-355 helicopters.

SOURCE UTair Airlines JSC