RACEDO / BOYZINBLUE
Quite agree....And let's also not forget BMI....And, of course, is the only potential buyer for SAS if they can't get their act together very, very soon....And, of course, AZ when Berlusconi and his mates are ready to cash-in...
I've been banging on about this LH almost Monopoly for the past six months ( check through my profile - threads about BMI, SAS, Alitalia, BA ) but nobody seems to have been interested enough to join in a discussion about why the politicos in Brussels keep turning a blind eye to LH....
Interesting to note that LH's statement makes no reference about what will happen to the Government owed debt at Austrian - will this be transferred from the Government to a private bank and then assumed by LH via Austrian, or will it be repaid directly to the Government ? The last I heard, it's about €300 million ( could now be more ) so add this to the €163 million and it's getting to be big numbers....
So how would LH ever recoup their recent outlays without exploiting their dominant position in selected markets - the investment is now getting too big ( Swiss, Austrian, BMI, SN Brussels ) to be paper profitable and cashflow positive through synergies alone without expoliting the ' monopoly ' effect...
We've run up some large liabilities down here in West Africa - do you think we could persuade LH to add us to their shopping list, or are we too far from German speaking Europe to be ' synergistic '