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bmiBaby threads (merged)
Good morning!
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We start the new thread with a polite good morning and what do we get? , called idiots and a side swipe at the MODs!!!
I think the Mods called it right in closing the last thread, when you get someone using bmi groups published accounts, which are i might global for the group not the individual units and then dividing the numbers by the number of aircraft in what are three very different business models and then passing the resultant numbers off as representing bmibaby trading figures!! FFS:ugh: Anyway enough of the past lets move on.:ok: |
New Tail colours
Which aircraft are still to get the new design baby, which they seem to put a different design on each aircraft? Revo |
I think the Mods called it right in closing the last thread, when you get someone using bmi groups published accounts, which are i might global for the group not the individual units and then dividing the numbers by the number of aircraft in what are three very different business models and then passing the resultant numbers off as representing bmibaby trading figures!! FFS They are on a need to know basis and you don't need to know :ok: |
Montezuma
Well that's very logical?
So you either know the figures but post something else, whats the point in that? why post anything at all?:8 Any way whatever the figures are I'm sure any prospective buyer will have full access to the management accounts, for all its fault bmi is not a tin pot business without books.:mad: |
You got " in the general direction " which is good enough: you want the exact numbers - put in bid.
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Unless Stobart are suddenly going to a) acquire more airports or b) swamp Carlisle with enough capacity to take every man, woman and child in the area to Spain at least four times a year, then I can see easyJet being hugely uncomfortable with this move. You make a show of commitment to Stobart at Southend and then they bring their "own" airline in alongside you? Surely not.
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Echoes of Manston and Plymouth here.
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Given that Easyjet has such a tiny presence in the Midlands, and they wouldn't bother pitting bmibaby against Easyjet at Southend because they would be subsidising both airlines, I suspect any such move would not be founded on the idea of both airlines competing in any way. They may want bmibaby for Carlisle - I doubt that Easyjet has any interest in that airport unless there are significant subsidies (ie. more than Southend - at least SEN has decent catchment and a direct trainline to Liverpool Street), which would probably make such an operation unviable for Stobart anyway.
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Why would Stobart have to operate a passenger service? They are a haulage compamy after all.
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How much difference can it make when you operate your own airline out of your own airport?
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Oh come on. I am sure the quote from an 'insider' came from a post on here. Just because some journo in Basildon writes an article about said post, it doesn't make it any more likely.
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I tend to agree with airferries on this one.
For Stobart to show any interest there would surely have to be a very large cash 'sweetener' from LH as part of the deal. Even then it would still be a very high risk acquisition going forward. |
For Stobart to show any interest there would surely have to be a very large cash 'sweetener' from LH as part of the deal. |
Replace Stobart with Jet2 and you're not far off the mark.... I thought they declared themselves out a while ago... |
Stobarts would make a lot of sense. I'm hoping that it is them as I think it'd give baby the best chance of turning into the airline it could be.
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This appears to be dragging on....could it be that any company, having had a look in depth at the opportunities available via Baby ,has decided that they would need SUCH a sweetener that it isn't worth their while?
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I'll give a £100 it's not and won't be Jet2 charity of your choice.
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On the other, now closed thread:
Herr Piece BIG announcement comming on the 29th |
Giblets,
Think the big announcement was that they were turning a term sheet over and playing hangman on it :ugh: Nigel |
Japan anyone?
I see that RishworthAviation are recruiting for Skymark airlines based Narita. B737NG with or without type rating and with potential for A330 and A380 in 2013.
Wikipedia has a bit of info on them. |
IAG has already plans of what to do with bmibaby if it is not sold by the time the bmi sale is completed. Have a look at this...
Bmi to be |
I do hope that I am wrong but I believe the proposed deal for bmibaby will fall apart if the identity of the bidder becomes known before completion. I hope there is a Plan B lurking in the background because what IAG has planned doesn't look pleasant.
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Best of luck to all concerned, I am a victim of a previous "Willie Walsh integration" and it wasn't nice!
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News Just In
bmi has signed another term sheet for the sale of bmibaby to an EU based airline group. This potential new owner, which has operations in several countries across Europe, would acquire 100 per cent of the shares of bmibaby. This would include the aircraft fleet, the existing route network and the continued employment of the existing staff. This non exclusive term sheet is in addition to the term sheet already signed with a UK based company in January 2012. bmi plans to sign a definitive sale purchase agreement with one of the parties in the next few weeks. The completion of the transaction would occur shortly after this, subject to receiving all the necessary approvals. The bmibaby brand name would continue to be used for an interim period and bmibaby’s head office would remain in the East Midlands with the airline continuing to operate from its existing bases in the UK. Wolfgang Prock-Schauer, chief executive officer, bmi, said: “bmibaby has attracted a great level of interest and our discussions open up great future prospects for the airline and its employees. “bmibaby is now seeing its highest ever levels of customer satisfaction, is achieving great on time performance and has an extremely dedicated and passionate team. The new owner would have the chance to build on this success providing a positive future for the business.” bmi and the buyer have agreed not to disclose any financial aspects of the planned transaction. |
Inkjet,
are you still willing to make the £100 bet? |
G AWZK
On reflection no, I'll make it £200 will you match me? If your wrong?
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That'll be ASL then.
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Wrong about what? So far you have told us the following:
Whilst i would not rule out further slot sales by bmi (to the highest bidder) in 2012 i think a take over of bmi by the IAG group remains very unlikely BA won't be buying bmi Jet2 won't be buying bmibaby Baby is in BHD to stay This sale saga has been one of the more painful and drawn out commercial sales I have seen in a longtime. There is a lack of information coming from management about what is happening, and what is likely to happen to peoples jobs. It is unsettling and is having a detrimental effect on morale, in both Baby and Regional. |
Inkjet -
Except Baby are not selling, it's Lufthansa selling, and they just want rid, as cleanly and cheaply as possible. |
Inkjet,
This is now a complete farce, and I feel so sorry that the poor employees have to hang on and on for what...yup ...another non binding term sheet :eek: !!!! Willie Walsh on behalf of BA, and therefore IAG stated last week that Baby will be taken over by them and "restructured" at the same time IAG take over BMI, if LH cannot sign a buyer by that time for Baby. :( That was expected to be mid march, pending no referrals to monopolies commission.So therefore LH have to then to actually find someone who wants to buy... not just sign a non binding sheet. I am really hoping for the employees this can be achieved before this date. Nigel |
Oh yeah of little faith!!
Buying selling it makes no difference taking on liabilities is the same as buying, but clearly some on here have no concept of that. |
Buying selling it makes no difference taking on liabilities is the same as buying, but clearly some on here have no concept of that. If we are lacking in understanding, please do teach us. I am willing to learn... |
Someone, not so many posts ago insisted asset value wasn't important: so what does baby have by way of potential?
Being as there are no assets. |
Guys guys, bicker not.
All will be clear............. In a couple of weeks!:rolleyes: |
Inkjet,
What you are saying is what I said a few months ago. No assets and large liabilities don't make a very attractive deal. Couple that to a loss making business unit and it becomes even less so. The dowry that would need to be paid to carry the liabilities and losses will have to be huge to make it viable from a purchasers point of view. I hope that baby finds a benevolent investor, but now that the OFT have given the green light to the Mainline sale, time is going to be of the essence and I only hope that things move forward with the array of interested parties very quickly. |
Heard WizzAir mentioned this morning :uhoh:
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According to a Travelmole article:
"The airline announced that it had two term sheets signed for the sale - one to an EU-based airline group, which would acquire 100% of the shares including aircraft, existing routes and employment of existing staff and one to a UK based company" Travelmole |
Funnily, I heard AF/KL from someone this morning.
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