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Old 5th Oct 2006, 21:38
  #141 (permalink)  
alexss
 
Join Date: Sep 2005
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From a market point of view, FR's bid should go ahead simply because EI is worth much more if owned by FR: potential FR competition is a key factor limiting the EI share price. Whenever he wants, MOL can drive EI into loss by launching services head-to-head on its short haul business routes. It's just announced this for DUB-MAD, why not CDG and FRA next?

However, the combined group's 78% share of the LON-DUB route will be a big problem for competition authorities, particularly as it is impossible for a new entrant to get LHR slots and hard to get LGW slots. LON-DUB is Europe's largest route by pax numbers so the EC will be looking closely... and they don't like FR.
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