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Old 9th Sep 2009, 08:05
  #1426 (permalink)  
RoyHudd

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Join Date: May 2004
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Let's try to get serious about business, not dreams

bmi and its constituent parts are likely to be sold for a quid, as was Dan Air. The outcome will be an asset-strip. Utterly predictable.

The sad thing about many comments above made by well-meaning enthusiasts are that they are naive. No money is being made from aviation today. Slots at LHR are not worth anything when the costs of operating them are taken into account, based on today's load factors. BA are not interested, and are in fact trying to offload slots at present.

The world has changed folks, for all of us, not just bmi. The unsavoury gent who offloaded his company onto LH was no fool. The industry is not profitable, has not been for 2-3 years, and will not be in the foreseeable future. Specific airlines will show a profit, however, but these will be a handful of lean and focussed companies, not debt-laden airlines operating out of a country with a doomed economy.

(probably peeing into the wind here, I know)
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