PPRuNe Forums - View Single Post - BMI or Jump Ship?
View Single Post
Old 5th Nov 2007, 09:06
  #19 (permalink)  
Bat Fastard
 
Join Date: Feb 2006
Location: LGW
Posts: 45
Likes: 0
Received 0 Likes on 0 Posts
With reference to any potential sale of SMBs controlling stake. Article in yesterdays papers about LHR and slots stated that BMI has 11% of the total. SMB seems to have been playing the long game for years waiting to release the huge potential of this asset. BMI seems to have just plodded along and not made the most of this goldmine, so why not?. The same article stated that Lufthansa have first call to buy SMBs stake at £250m. Given the current frenzy over slots at LHR (£5m/£10m/£20m per pair depending on which paper you read), I don't think he's getting a good deal for his stake. What that suggests to me is that BMIs future when a sale of the company does happen will involve a big change in how those slots are used. What can't be predicted is if that will be positive for the crews and their futures or if they slim down the worst routes and someone else uses them for long haul etc.

No axe to grind just a view from the touchline of a game thats well into extra time already!
Bat Fastard is offline