PPRuNe Forums - View Single Post - Could British Airways really go bust or not?
Old 21st Jun 2009, 09:53
  #14 (permalink)  
RevMan2
 
Join Date: Jan 2002
Location: Back of beyond
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If the current trend holds, Lufthansa will just buy them, along with any other European airline
Mayrhuber's planning has ALWAYS included merger cash and it's budgeted in the same way that any other CapEx is budgeted.

And don't forget how close to bankruptcy LH was itself in the 1990s.

I was working late on the night that Weber horse-dealt his way to get cash from the banks (who were quite happy to let the company go under after Ruhnau - Jürgen Weber's politically appointed predecessor - had run the company against the wall) to pay the monthly salary bill due the next day. My boss - Director Cargo - came into the office ashen-faced and said "You have no idea how close that was".

Forget not - this was a time when liquidity in the financial sector was alive and well.....
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