BMI/Flyglobespan?
 

Any body heard the rumour that Globespan has been sold.......... possibly to BMI.?

hmmmmmmm
 

I have now :E

cheers ;)
FF

Heard this was happening last Friday, both private companys so we wont hear about it until the inks dry, but Im sure staff will hear about it through the normal channels, Mushroom news centre

regards

K.I.L.

Why on earth would BMI see an advantage in taking on that lot? BMed I could undertstand what with those juicy LHR slots for starters. Any ideas:hmm:

Well I've been convinced that Globespan were on their last legs ever since they started advertising on the "billboard-of-doom" under the Oak Street Bridge in Vancouver.

Over the last 5 years that I've been commuting that way every day, every single airline that advertises on that board subsequently goes bust within 6 months. It's a guarantee!

From a fleet perspective, in light of bmi's recent deal to lease 2 757s from Astraeus, the aging nature of the bmi baby fleet, the desire to expand the so called "mid-haul" routes and the allegedly predatory mood of the board at the moment it could make sense, but i'll believe it when I see it, just like the other thousands of rumours about bmi at the moment :)

It would certainly make sense if BMI wanted their Baby to expand into new markets quicker than generic growth could do it. At the moment they only operate domestic out of Scotland and so this gives them instant access to European routes, and N.America if they wanted to go that way too. Although......it wouldn't surprise me if we heard that TD was selling only the European business and holding on to the N.America routes as that is where Globespan's main business area has been for very many years, and the market they know best. We should find out soon I suppose.

Bmi could have started European routes out of Scotland any time it wanted under any of its brands...why would it do so now, especially given that EZ and FR have just gone on a huge expansion spree?

But a deal involving aircraft...that makes more sense.

BMI
 

Won't happen althought makes a change from us going bust !

Can you explain why not or if there is any truth in the rumour that globespan is selling up to someone other than BMI.

Never be so sure!
Have seen this before, and as someone has already said; the first news officially is when the deal is done. Anyone remember EZ and GO's get together. Now that really was out of the blue.
TD seems very keen to blag on about costs ever increasing so if someone gives him a way out, why not take the cash and move on?
Times are tough, think a lot of smaller outfits will have to get into bed together in order to have a chance against the big boys. But BMI?

Don't mean to doom monger here but I'm going to anyway.

If the rumour is true then perhaps the girls and boys at BMI should be on guard for a T&Cs battle in the future?

GSM surely has inferior conditions to BMI thus has a lower cost base which BMI may well want to emulate in the new 'combined' airline.

Is this another 'Whithering Branch' Stealth strategy the likes of Jetstar, Open Skies?

Ive heard the most likely fit is the 73's and pilots to baby, 767's and 757 go into mainline fold, which would also allow for 75/76 dual mid/longhaul set up(the in between A330/ A3231 that they are looking for).

regards





keepitlit

I can assure you that the T&Cs battle at bmi is an ongoing operation on both sides of the divide.

BMI on the lookout for more airline acquisitions
 

RATI has an article today on this: -

“We are interested in acquiring other airlines as they come up,” says Turner. “We got BMed in February 2007 and it was a fantastic purchase. There are other consolidation opportunities that we are actively looking at.”

He does not specify what or where those opportunities may be, but says that “if something comes up in the next month” BMI would be able to “move very quickly”. However, he stresses that “one thing we won’t do is overpay”.

Apart from bringing 757 and 767 flying in-house what would globespan bring to BD? Sure, they have a fleet of 737s, many of which are NGs, and a nice Scottish base of bucket & spade routes which the 738s would service fine and help WW to expand. There is no overlap in the markets either and the WW brand would be somewhat known in Scotland.

Thinking about it, actually it makes a wee bit more sense. BD is pretty constrained in LHR in terms of slots and suitable aircraft. Globespan would bring aircraft to the table and although the entire portfolio does not fit in one BD airline the 737ops would match well with WW and the 757/767 would be good in LHR. I dont think the long-haul routes are BD's cup of tea though, pickings are richer down in London.

Brian.

bmi the new swissair?
 

I hope BMI dont start following the Swissair business model - buy clapped out lossmaking airlines, and expect to integrate them into a profitable overall business by cutting backoffice costs - Sabena, AOM anyone? :ugh:

Lets not forget that Bmed was loss making, and I understand that Globespan is too.

BMI didn't get the slots, BA took them for 30 million as part of the deal.

Does seem a strange move for BMI to buy Globespan if it is true, can't see how it fits with the model down at LHR.
Unless BMI are being cunning and using that to get hold of the longhaul aircraft, and the 787 order coming in a couple of years time!

gotit in one, its the aircraft,

regards

Keepitlit

Whilst we're on the subject.....

SilverJet are after funding and have an extremely low value according to their share price. Rumours a little while ago related to operating out of LHR.

It's also been rumoured that the CEO had been spotted up at Donington Hall.....

Fits the story regarding cheap aircraft and minimal staff to absorb/redundanies, unlike some of the other airlines mentioned.

Interesting times.....