bmiBaby threads (merged)
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EASTERN WISEGUY
The answer to that is who knows, but i can't see much happening before Easter now given the EU intervention, in the mean time its business as normal and the flights are busy.
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All this waiting for the official announcement is incredibly frustrating, however the rumour is that the not-so-mysterious European Airline Group signed on the dotted line last Wednesday. Surely it has to be announced this week?
Just a numbered other
Call me simple if you like, many do................but
If I was negotiating to buy baby, and was looking at having to pay £x for it, I'd be talking to IAG.
IAG get baby for nothing, in fact less than nothing. Won't the price be easily negotiated well below £x once Willie is saddled with baby?
Either way someone must know, and it's downright rude to keep the supposedly valued workers in the dark
Some light please, and soon!
If I was negotiating to buy baby, and was looking at having to pay £x for it, I'd be talking to IAG.
IAG get baby for nothing, in fact less than nothing. Won't the price be easily negotiated well below £x once Willie is saddled with baby?
Either way someone must know, and it's downright rude to keep the supposedly valued workers in the dark
Some light please, and soon!
So if baby is to be given away, why not regional? Especially as at least we know there is a definite interested party 'Granite'. Can you allude to the sources saying baby will be given away??
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I think the correct term is negative premium !
The only liabities extend to staff and lease contracts all of whom are in bmi not baby, baby is a trading name only, ie bmi trading as bmibaby, if/when sold then all the baby bits will be wrapped up in bmibaby ltd 100% shares of which will be bought buy the acquiring company, all historic trading losses will cease on that day mean while forward bookings monies will go with the new company, a good time of the year to buy it I would have thought
The only liabities extend to staff and lease contracts all of whom are in bmi not baby, baby is a trading name only, ie bmi trading as bmibaby, if/when sold then all the baby bits will be wrapped up in bmibaby ltd 100% shares of which will be bought buy the acquiring company, all historic trading losses will cease on that day mean while forward bookings monies will go with the new company, a good time of the year to buy it I would have thought
Chieftan o'the Pudden Race
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The only liabities extend to staff and lease contracts all of whom are in bmi not baby, baby is a trading name only, ie bmi trading as bmibaby, if/when sold then all the baby bits will be wrapped up in bmibaby ltd 100% shares of which will be bought buy the acquiring company, all historic trading losses will cease on that day mean while forward bookings monies will go with the new company, a good time of the year to buy it I would have thought
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Latest from WPS:
Dear colleagues,
I am pleased to advise you that the EU Competition Authority has today approved the sale of bmi to IAG. This is one of the major pre-requisites of the transaction and will enable the completion of the purchase to take place.
Today's successful outcome is the result of months of hard work. I would personally like to thank those who contributed to the process and to all of you for continuing to provide a safe and customer focused operation. As you know, a completion of the sale to IAG is regarded as fundamental to the future of our business, so today’s news signifies an important milestone for bmi.
In terms of next steps, we will work with Lufthansa and IAG to fulfil all the necessary pre-requisites of the sale and we are now working towards a completion date of around 20th April. From this date IAG will be our new owners and we would no longer be part of the Lufthansa Group. As previously communicated, we will continue to operate our summer 2012 schedule as planned.
We know that you are waiting for more information regarding integration plans and what these plans will mean for you. The integration roadmap is being finalised and it will be shared with you during the consultation process which will start shortly. Our business will undergo major changes during the integration process and this is necessary in order to achieve the synergies needed to make the business viable.
With respect to bmi Regional and bmibaby, both businesses have attracted interest from potential buyers and discussions continue. For both airlines, the sales efforts will continue and the summer schedule will operate as currently planned. If the airlines become part of the IAG transaction there are no plans to integrate them into BA.
We recognise that throughout this process you will have lots of questions, so we will ensure that we provide regular updates to you as and when new information becomes available. You can continue to contact the **** email address with any queries you may have.
Until the date of completion, please be mindful that there is still some information that we are unable to discuss with BA. We will circulate guidelines to the senior management team so please speak to your manager for guidance.
With best regards,
Wolfgang Prock-Schauer
I am pleased to advise you that the EU Competition Authority has today approved the sale of bmi to IAG. This is one of the major pre-requisites of the transaction and will enable the completion of the purchase to take place.
Today's successful outcome is the result of months of hard work. I would personally like to thank those who contributed to the process and to all of you for continuing to provide a safe and customer focused operation. As you know, a completion of the sale to IAG is regarded as fundamental to the future of our business, so today’s news signifies an important milestone for bmi.
In terms of next steps, we will work with Lufthansa and IAG to fulfil all the necessary pre-requisites of the sale and we are now working towards a completion date of around 20th April. From this date IAG will be our new owners and we would no longer be part of the Lufthansa Group. As previously communicated, we will continue to operate our summer 2012 schedule as planned.
We know that you are waiting for more information regarding integration plans and what these plans will mean for you. The integration roadmap is being finalised and it will be shared with you during the consultation process which will start shortly. Our business will undergo major changes during the integration process and this is necessary in order to achieve the synergies needed to make the business viable.
With respect to bmi Regional and bmibaby, both businesses have attracted interest from potential buyers and discussions continue. For both airlines, the sales efforts will continue and the summer schedule will operate as currently planned. If the airlines become part of the IAG transaction there are no plans to integrate them into BA.
We recognise that throughout this process you will have lots of questions, so we will ensure that we provide regular updates to you as and when new information becomes available. You can continue to contact the **** email address with any queries you may have.
Until the date of completion, please be mindful that there is still some information that we are unable to discuss with BA. We will circulate guidelines to the senior management team so please speak to your manager for guidance.
With best regards,
Wolfgang Prock-Schauer
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Jonnyf - it's nice to see new routes finally become reality, but these routes were announced on 18 May last year
Seven new routes for summer 12 | 2011 | bmibaby Travel News
Seven new routes for summer 12 | 2011 | bmibaby Travel News
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Davidjohnson
Fair point but least you forget a few years back baby would launch, chop, change, canx and often all before it started, these days they are a reliable carrier that makes or try's to make routes work, EG BHD AMS
All the new routes for Summer have got off to a great start and BHD is doing very well which shows what can be done given the state of the Belfast market for baby 18 months ago.
All the new routes for Summer have got off to a great start and BHD is doing very well which shows what can be done given the state of the Belfast market for baby 18 months ago.
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They are probably doing better and more reliable than ever before, be good to see them sold onto someone to develop it and invest. They really need a winter schedule to raise revenue.
