mart901 wrote :
Clearly low cost doesnt fit into BA's strategy! I reckon theres always some private venture capital company out there, some of them specialise in turning business's around or even rescuing them, like R-capital. It looks like LH will try to sell WW for any price so thats right up venture capital street.......buy it for little, turn it round and sell it for a load more 3 or so years later.
BA have never been interested in low cost - even Go were not really low-cost.
Not sure baby is attractive to venture capitalists. There are no assets to speak of, so nothing to be stripped out. Old aircraft that need replacing - but with what penalties to get out of the leases? A brand which will need totally revamping or replacing, which takes time to build, in the face of established competitors such as Ryanair and the fast growing Jet2.
LH will now be keen to sell at any price, but I cannot see who will buy. Staff must hope for a purchaser however, because if it goes to BA they will shut it down - that is I suspect why the price paid to LH would be reduced, to covers the contingency costs of getting out of the leases etc.
MD