tv Business - News Deutsche Welle October 27, 2017 1:15pm-1:31pm CEST
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as the country's senate to authorize his government's plans to impose direct rule of catalonia meanwhile separatists of the council on politics of cold and regional lawmakers to defy spain and declare independence. to have a more world news for you at the top all feet jones will have your business updates in just a moment of the day. where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. shadow and a few newspapers with official information as
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a journalist i have worked on the streets of many catalyst and their lives are always the same core to social inequality a lack of the freedom of the press. who can afford to stay silent when it comes to the fans of the humans and see them why do fools who have decided to put their trust in us. my name is jenny paris and i work a d.w.i. . at. the world's biggest carmaker pays dearly for its emissions cheating scandal. reports a fifty three percent drop in profits in the first quarter and struggles with its reputation in the united states. and it's the end of an era when almost four
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decades after the airlines first takeoff its final landing will be today right here in the german capital. welcome to do business and on its final day germany's bankrupt kariya evelyn has managed to do what it really could in its prime namely sell tickets at a price high enough to ensure a profit the last flight is scheduled to depart munich this even in it's been sold out for two weeks with some seats going for six times the usual fare since that announcement today would be its last day of flying the carry an outpouring of emotional goodbyes germany's flagship carry a look tons of will take over the lion share of evelyn's acids the rest could go to easyjet. where he has a look back now at. a long history. it all began in one thousand nine hundred
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seventy eight air berlin usa was born a challenge to airline with two planes and seventy eight employees the first flight to tourists from berlin to majorca it was known for flying to the warmer parts of europe in the mediterranean. in one nine hundred ninety eight the holiday charter airline went into air transport business offering more destinations as a result by two thousand and three air berlin was the second largest carrier in germany. three years later it went public on the frankfurt stock exchange valued at more than five hundred million euros air berlin was growing with acquisitions that included german leisure airline l t u but the airline has been in the red since two thousand and eight as a result the former c.e.o. and founder york in hunan stepped down in two thousand and eleven in the sign me of the new chairman hartman mare dawn signed
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a groundbreaking deal with gulf airline he had one of the leading carriers in the middle east and became the largest shareholder of air berlin. it's a milestone in the history of air travel in aeronautics history. with the deal air berlin joint airline alliance one world but business didn't improve despite cost saving measures and restructuring in twenty fifteen air berlin posted a record loss of four hundred fifty million euros the main shareholder if he had once again came to the rescue but to no avail evelyn was making headlines for the wrong reasons cancelled flights lost luggage passengers even had to pay for water on board customer confidence was dwindling. after negotiations which rivals considered unfair times are acquired eighty one machines and routes from air berlin the result is that many flights within germany are only offered by one carrier many
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passengers now fear that prices may rise with the demise of it. so what does the future hold in store for the airlines passenger its crew and the aviation industry in europe in general let's ask yes flatow aviation journalist in frankfurt good to have you with us now first of all i mean evelyn covered a lot of domestic and european flights with the airline gone who was filling the gap and when. well first of all it's important to say that there is going to be a huge gap from tomorrow on not we will have around ninety less cruft in the german transport market compared to the pre-bankruptcy days of arable and so there is a gap felt by consumers less on offer less flights offer over time that gap will be partially filled by mainly by lost tons of tons as low cost affiliate euro wings and possibly by easyjet or commodore but negotiations are ongoing and it's
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far from certain whether that is going to be successful in the end we will still have around forty to fifty aircraft less in the market than. earlier this year so that's less choice for passages at least with the time being and all in all it's a pretty bad news also for evelyn stuff i mean they've posted a video on you tube in which they vent their anger and frustration about about. lin deal they were using a song by us in the pink with a new text it's called do you list a c.e.o. let's listen in briefly. question. we can. when you child.
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before you leave. the room. all right so this song obviously placed the fact is that the currency o. of lin is not only a formal of tons of manager but that he also gets a golden handshake if you like after the demise of love tongues i mean what do you make of this deal. i was there there's two parts one that a formal of c.e.o. is running or a bill and one has to say he was brought in by the former shareholder it's hard to bridge to build bridges towards the funds or to. kind of create an alliance between it too hard and. before decided to. stop financing the airline. i would say. isn't to blame for this and
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then he gave up a safe job at lufthansa well paid job he gave out part of his hundreds that he would have got from the company and he put up these demands and if the board of air berlin accepted it then it's not him there should be blame to but the board i do get the frustration by the employees but i also understand that at his age and his senior position. whatever he wants but why does not tons of old want to take over many many more of crew and stuff i mean they will need to them in order to fill the slots and operate the aircraft well taking over as a whole was never an option because of the high debts the billions of debt that the doctor didn't want to take understandably part of evelyn's problem was also the high cost high labor cost unfavorable pilot contracts that were
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very expensive. so basically they are offering the jobs at their own conditions which are lower and i get that ok yes they aviation journalist in frankfurt at least gets a lift stuns when it comes to taking over the lin stuff thank you so much for filling us in. thank you. the other big story today folks profits collapsed last quarter the car maker says that profits were down over fifty three percent to just over a billion euros the lower profit numbers were due in past to higher than expected costs connected with the on go we discussed scandal the w.'s paying to refit hundreds of thousands of diesel cars it illegally rigged to cheat on emissions test in the united states and the scandal is weighing heavily on demand there fox five needs to come up with a good strategy to ensure its vehicles aren't turning into
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a dead what in a quiet corner of baltimore port thousands of folks back in cars sitting idle it's a kind of car purgatory will they ever make it back on to the road or are they destined for the scrappy. nearly half a million cars were affected by the diesel great scandal in the u.s. the disgraced models have landed in sites like this across the country gathering dust while the company works out what to do with them. in july the u.s. government approved a fix for many of these cars but customers be willing to give these diesels a second chance or no never i wouldn't even consider buying a boat or wagon period i mean if they're facts and i could be assured that there are facts i'm not sure about buying a diesel car in general but that's how i feel that's a slight fake lead there and you can't really get away with that so i wouldn't really trust i would trust. the bill for clearing up after diesel gate is already
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pushing thirty billion dollars mounting costs are taking their toll on v.w. with the company returning lower than expected third quarter results folks wagons north american group declined an interview but told d. w. our top priority is to make the settlement process a seamless and convenient as possible we are working hard and dedicating substantial resources to make sure this is the case. but how is this affecting the company's ability to focus on the future and many manufacturers are investing huge amounts in emerging technologies such as automation and electric vehicles competition from silicon valley companies like tesla and google means traditional car makers are under pressure to keep up. china is going to have all electric cars produced by twenty forty. by twenty thirty they clearly want to have only electric cars so in europe there are really good incentives right if they want to survive they have to follow these technologies. part of the v.w.
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diesel settlement did include a commitment to invest in zero emissions technology on the funding of environmental projects but for now a top priority for v.w. will be to get cars like these ones in baltimore fixed and back on. the diesel said they've been costly and these clusters of cars standing silent around the country are reminder of that but the company has said that it still sees the u.s. as a coal market despite currently flagging up below two percent of market share it will be some time before we can see whether v.w. really can balance back and of its ambitions to become a true contender on this side of the atlantic can be realized. up to date on all the latest from the world of business for more you can follow us on facebook on twitter. just go on business i'll be back with more business news in the next hour until then thanks for watching.
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a former bundesliga star who is now coaching the ducks second division from. but how come he's the only african coaching in europe to inspire. more drita international talk show for journalists to discuss the topic of the week . revelations of sexual harassment by a powerful hollywood producer has sparked an international outcry protesting a worldwide pattern but will anything change that's our topic on fredricka. in sixty minutes on d w. w's program guide to the highlights. the whole. dot com highlights. when i'm traveling to be comfortable. but also want to stay up to
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