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ADP Automatic Data Processing Inc

282.20
-2.05 (-0.72%)
07 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Automatic Data Processing Inc TG:ADP Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.05 -0.72% 282.20 281.80 282.65 285.00 282.05 284.75 346 22:50:14

Aéroports de Paris Launches Satellite 4; Signing of a Protocol Agreement between Aéroports de Paris and Air France

28/03/2008 3:35pm

Business Wire


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Regulatory News: Today, Pierre Graff, Chairman and CEO of Aéroports de Paris (Paris:ADP) and Jean-Cyril Spinetta, Chairman and CEO of Air France-KLM signed a protocol agreement concerning the design and operation of the S4 boarding satellite, the future extension of Paris-Charles de Gaulle terminal 2E. This signature marks the official launch of the project and illustrates Aéroports de Paris ambition to cooperate with customer airlines from the preliminary design stage through to delivery of the facilities. The building, with a capacity to handle over 7 million passengers annually and intended for use by SkyTeam alliance members, will enter into service in 2012. Initial construction work has already begun to the East of the hub. The protocol describes the main specifications of satellite 4 (handling capacity, number of aircraft parking stands, level of IATA quality, etc.), and defines the framework for cooperation between Aéroports de Paris and Air France regarding project follow-up as well as the drafting of specifications for the future baggage sorting systems at satellites 3 and 4. "I am very pleased with the signing of these protocol agreements which will benefit our two Groups and contribute to strengthening the appeal of the hub at Paris-Charles de Gaulle. This agreement marks a historic phase in the relationship between Aéroports de Paris and its main customer Air France. This is the first time that we will be joining forces with an airline to work on the preliminary design of a facility on such a vast scale. Through our joint cooperation, we can accurately pinpoint the customer’s requirements, fix the necessary investment amounts and agree on the building delivery schedule” states Pierre Graff, Chairman and CEO of Aéroports de Paris. Jean-Cyril Spinetta, Chairman and CEO of Air France-KLM adds: “The Air France teams are extremely pleased with their current relationship with Aéroports de Paris, allowing them to build together a modern and efficient facility for the Air France-KLM Group’s customers”. In 2007, Paris-Charles de Gaulle posted robust traffic growth of 5.4%, handling a total of 59.9 million passengers, including 37 million SkyTeam alliance customers. With close to 1,000 daily flights, the Hub handles some 100,000 passengers departing from and arriving at the Hub on a daily basis, i.e. over 40,000 passengers and 35,000 connecting bags. In this context, Satellite 4 will be able to offer additional handling capacity in 2012, contributing to the continued growth of the Paris-Charles de Gaulle Hub. In an increasingly competitive environment, where all the major European airports are seeking to secure a position as the main gateway into Europe, the Paris-Charles de Gaulle Hub represents a major asset for Aéroports de Paris and the SkyTeam alliance. It also incurs considerable economic impact for the Ile-de-France region and the national economy in general. Aéroports de Paris Aéroports de Paris builds, develops and manages airports including Paris-Orly, Paris-Charles de Gaulle and Paris-Le Bourget. Aéroports de Paris is the 2nd European airport group in terms of airport turnover and the 1st European airport group in terms of cargo and mail. Aéroports de Paris accommodates nearly 460 airlines, mainly the major actors of air transport. Benefiting from an exceptional geographical location and a major trading area, the group's strategy is to modernize its terminal facilities and to upgrade its quality of service. It also intends to develop its retail and real estate business. In 2007, Aéroports de Paris Group had a turnover of 2,292.4 million euros and a net result of 321.8 million euros. Aéroports de Paris handled 86.4 million passengers in 2007. Website: http://www.aeroportsdeparis.fr Air France Air France operates 1,700 daily flights in France, Europe and worldwide with a fleet of 393 aircraft, including 134 regional aircraft operated by its subsidiaries Britair, CityJet and Régional. Air France and KLM together created Europe's leading air transport group in May 2004. Both airlines now offer their customers the benefits of a combined network, which includes a total of 237 destinations in 104 countries. Air France is a founding member of SkyTeam, a global airline alliance comprising 11 member airlines and 3 associate airlines. Air France was founded in 1933. Visit the website http://www.airfrance.com/corporate.

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