What is there to buy?
A loss making business with unworkable, for profit, contracts?
This is what happens when businesses buy their way into the market. Unsustainable business models can rarely be converted to sustainable.
Re NCL, I would argue that 3 handling companies is one too many for the current (and forseeable future) volumes and that Gate should be allowed to disappear from whence they came to lick their wounds. Strong management from Swissport and Servisair should then allow either company to secure (re-sign?) EZY and others at handling rates that give a sensible return; this should then allow for the much needed investment both companies need to make in their businesses.
I feel sorry for the staff who were TUPED over to Gate who now face an uncertain future.
It will be interesting to see the Airport's spin on this as, certainly at NCL, they were instrumental in bringing GATE onto the site, diluting the ability of all 3 companies to secure profitable contracts. Will they admit their error? Unlikely.
GH