Luxaviation - Consolidating Europe
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Why are they not consolidating everything under a shared, central office? They can keep their various AOCs and save a huge amount of money, and produce a more consistent service too. 
I don't understand their plan - but I'm not in charge of an AOC (or a group of them)
I don't understand their plan - but I'm not in charge of an AOC (or a group of them)
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Why are they not consolidating everything under a shared, central office?
The evidence from those of us at the coal face is that Lux are just not interested in getting involved on a local level by consolodating everything and have done nothing tangible to show they are interested in dealing with management issues that are well known....despite the fact they are directly damaging the company.
Nothing has come of all the surveys where they paid lip service to engaging with workforce concerns ....so it is back to flying-club type management business as usual. In the meantime we are loosing aircraft and staff who are voting with their feet.
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In the meantime we are loosing aircraft and staff who are voting with their feet.
Well, this is it , you have the plan, and pocket the depreciation asset on the consolidation buy-out...
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Came across this quote from Warren Buffet....pretty much the most successful and wealthiest investor in history.
"In the grand scheme of things, most financial and dealmaking activity is essentially a waste of money, serving largely to enrich advisers and executives without benefiting investors or those who work in the companies "
"In the grand scheme of things, most financial and dealmaking activity is essentially a waste of money, serving largely to enrich advisers and executives without benefiting investors or those who work in the companies "
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Rumours are that this little alliance might take the form of something more substantial:
NasJet | Homepage
Good luck LUX if you think that this entity could be turned around - notwithstanding the ownership issues involved.
NasJet | Homepage
Good luck LUX if you think that this entity could be turned around - notwithstanding the ownership issues involved.
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Due to the fact they've never made money and continue to lose it hand over fist. Crises of late payments of which many don't ever get paid owing to grace and favour flying.
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Interesting answer, thanks... I always love it when "consultants" think that they can "turn around" Saudi companies, but at least in this case they appear to be putting their money where their mouths are.....
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Is NASjet one of those companies that is owned by a rich bloke so it can never go bust?
Also, how much "turning around", if any, have Luxaviation done with their other acquisitions already?
Also, how much "turning around", if any, have Luxaviation done with their other acquisitions already?
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Read carefully:
NAS Saudi Arabia | Kingdom Holding Company
The profitable / potential profitable bit is FlyNAS - the low cost subsidiary!
NAS Saudi Arabia | Kingdom Holding Company
The profitable / potential profitable bit is FlyNAS - the low cost subsidiary!
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As this topic has been dusted off have a look at this.
China Minsheng Investment Seeks to Buy U.S. Private-Jet Company - Bloomberg Business
With Russia, China, oil and markets in freefall.....seems Lux owners have cashed in a tidy profit already by selling one third to China Minsheng and, interestingly.... half of Execujet.......
Hedging their bets.... whilst chill economic winds must be absolutely clobbering their recently acquired companies.
China Minsheng Investment Seeks to Buy U.S. Private-Jet Company - Bloomberg Business
With Russia, China, oil and markets in freefall.....seems Lux owners have cashed in a tidy profit already by selling one third to China Minsheng and, interestingly.... half of Execujet.......
Hedging their bets.... whilst chill economic winds must be absolutely clobbering their recently acquired companies.
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Just heard the chief pilot of LEA has flipped his canopy and bailed out......seemingly with great haste.
Shame ...as he takes with him integrity, experience,decency, the respect of his pilots and Good judgement.
Qualities that will be sorely missed by those he has left behind.
Wonder where all this fits in with the grand scheme of the Alchemists from Luxembourg?
Shame ...as he takes with him integrity, experience,decency, the respect of his pilots and Good judgement.
Qualities that will be sorely missed by those he has left behind.
Wonder where all this fits in with the grand scheme of the Alchemists from Luxembourg?
Great shame, that. Top bloke - enjoyed flying with him when he was a co-jo in the C550 and later working for him after his elevation.
