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Old 6th Feb 2012, 08:16
  #1525 (permalink)  
INKJET
 
Join Date: Feb 2001
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Adds little!

Some interesting posts, most of which add nothing and fall broadly in to two camps of pro Jet2 supporters and the anti baby bashes by the usual suspects!

Let's get rid of a few myths, there is no carnage or mess for anyone to mop up, Jet2 have a reasonable product, but have and will find it an uphill struggle at EMA holiday packages aside where they have like others benefited from the press coverage over TCX's problems. It's worth remembering that GO/Easyjet came and went,FR put 7/8 aircraft in & Jet2 didn't even bother with a ski programe ex EMA this winter meanwhile baby plodded on.

The reason that there is such a large dilution in value for baby and regional if LH have not sold either or both before IAG completes is pretty much the same reason why Jet2 are unlikely to get involved, remember IAG have a large fleet of 737 at LGW and the baby union is already looking at TUPE regulations, the best result for Jet2 would be closure of baby and pick up routes and crews on Jet2 T&C's IAG have already stated that they will intergrate bmi and are not interested ex LHR.

LH have signed a non exclusive terms sheet with a British company ( no mention of airline!) & Intro of Germany have stated publicly that they intend to join the fray and I would be very surprised if there wasn't at least one or two other parties involved before an exclusive binding contract is signed, LH will want to avoid a re run of the Granite/Regional saga in the 8 week run up to IAG completion.

Bmi group losses are not publicly broken down between divisions, off course there are losses in baby but some of the figures in the press and on here are I understand well short of the mark, in any event the exact position will be known to all suitors and the TSA is in effect a sale contract for the bmibaby business allowing the buyer to conduct due diligence in order to ensure there are no non disclosed skeletons.

Whilst this has dragged on longer than anyone expected its clear the end game is in sight. Once a new owner is on board I expect they to will get slagged off on Pprune for either being to bold or to timid, it will take the rest of the Summer to un pick bmibaby from the bmi group, move HQ & rebrand for 2013 & re fleet there after.

There is still no mass exodus of either staff, moral or more importantly customers from baby despite the efforts of some ex employees trying to be a "little" to clever by half to dislodge the airline on the hill at EMA
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