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Old 29th Oct 2008, 16:22
  #524 (permalink)  
RevMan2
 
Join Date: Jan 2002
Location: Back of beyond
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When the Alliance Agreement was signed between Weber and SMB back in 1997/8, there were defined call and put options agreed for both sides at defined times at an defined price.

Plus some other stuff - IT platform, MRO etc

It's not coming as a surprise to anyone involved and LH will have long term planning in place for the financial issues.

Won't stretch them either - they've got the lowest leverage ratio of any of the majors and one of the lowest worldwide.

Just watch LH turn the UK into their aircraft carrier using bmi as a proxy - that was the original intention and it's what they've been waiting 10 years to do...
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