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 |
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? |
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. |
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. 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..... |
Wouldn't it make more sence for them to buy Jet 2 with 22 x 733 and then 8 7x 757 with one on the way. There are more variations of a/c types with Globespan.
The 733's go to baby and the 757 go to mainline (everyones happy). |
ugh!! the Jet2 733's are even older than ours!! :s
|
Some of Jet 2's 737's used to BE ours !!!
|
The problem with purchasing Globespan is that they have only 2 733 (same type as Baby).
Other A/C consists of 4 x 737-600, 2 x 737-700, 5 x 737-800 (all possibly going to BmiBaby), there is only 1 x 757 and 3 x 767 but there are 2 x 787 on order due 10. Wouldn't these variations cause problems for crewing? |
UK carrier BMI is on the lookout for airline acquisition opportunities and will “move very quickly” if it sees a potential target, the carrier’s CEO Nigel Turner tells ATI.
Turner says BMI is “out in the market looking at other opportunities” to acquire another airline, following its purchase last year of British Airways franchise partner British Mediterranean (BMed). “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”. |
Realistically TD would never let it happen.
GSM is his. Word is operation will compact this year to stabilize last years ops disasters. New blood in departments, will only fuel GSM to make it work in the future. Honestly, now is an exciting time for GSM - not to be worrying about some takeover. |
Looks like some sort of deal has been done. Not sure if it's with GS. Announcement shortly.
|
bmi chairman, Sir Michael Bishop ... The acquisition of BMED was not a one-off activity and we continue to look for other acquisitions – bmi is
now in expansion mode and even small ‘bolt-ons’ to the business can have a good effect. bmi intends to grow, not reduce in size. The commitment is to build in strength and shape a bmi for the future that is sustainable, successful and profitable. |
What makes you so sure a deal has been done then Hudson?
So many rumours are just that!. So many are created by people over hearing others comments and taking them literally. Hence back to my original question, where (approximately) did you glean this from? |
Its not happeneing, never was going to and certainly for now never will.... source bmi!!! :sad:
|
Its not happeneing, never was going to and certainly for now never will.... source bmi!!! |
Exactly...what would Globespan want with Airbuses...:E
|
Well said RT :D :O
|
Due to the amount of crew leaving bmi maybe it is flt deck and cabin crew they were after
|
Airliners.net have a post talking about BMI pulling something big and announcement early next week.
Must admit getting a tad tedious now. Lets hope this is all out to bed one way of other by then. Have a good weekend everyone. |
The nine hundred pound gorilla in the corner is, as ever, Lufthansa. Nobody quite knows just what they will end up doing, and their call option comes valid any time now.
|
I don't wish to comment on the 'big announcment', we'll all have to wait and see what it is.
What I will say, however is that i'm getting a bit sick of reading comments like this: The nine hundred pound gorilla in the corner is, as ever, Lufthansa. Nobody quite knows just what they will end up doing, and their call option comes valid any time now. Now....back to the speculation. |
So Luftie can veto who SMB sells his shares to....sounds like a very hairy gorilla indeed to me. :rolleyes:
|
If SMB (or anyone else) is looking at a GSM acquisition, he would do well to chat with the SAS engineering bods who recently looked at two of the 4 -600's owned by TD at EDI.
All 4 -600's were originally SAS owned,well maintained and pristine when they arrived, then TD decided to increase seat numbers by ripping out the fwd galleys. One -600 is in SEN, has been for months, another has been languishing in LPL since November where it went for an engine change. The engine was hanging on chains !!!!! when the CAA pulled the plug due the hanger not being approved for maintenance Config change paperwork and maintenance state leaves a bit to be desired. Caveat eamptor.....the devil's in the detail. |
ZB and BMI ???
Hows about ZB take over, common fleets with BMI mainline. Opens up numerous possibilities for WW taking over longer routes ex bhx and man.
ZB reportedly struggling for cash and a take over by BMI, well maybe. Just another name to throw in the pot...... Barry Bhx |
All times are GMT. The time now is 22:14. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.