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Old 31st March 2003 | 14:01
  #21 (permalink)  
inquisitor
 
Joined: Mar 2003
Posts: 5
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From: uk
Heavy Glider
Asset stripping is not clever. Buzz is not being turned around it is being liquidated. True, some staff are being offered jobs, but this is because Ryanair needs pilots and not because of any legal or moral obligation toward the staff. The clever part of this take-over is in the way KLM is being manipulated by Ryanair. KLM have no pride, they are now doing most of the dirty work for Ryanair in advance of the sale.
Also I fail to see why airfares should be inversely proportional to the size of the airline. I think it more likely that, heaven forbid, when Ryanair have a virtual monopoly they will raise fares. This will not be good for passengers.
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