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Airline up for sale?
Looks like Titan Airways might be up for sale according to the following:
Buy an European Airline Company business for sale on Businesses For Sale .com Does anybody have more information about possible reasons for the sale? Are they expecting a bit of a downturn or just looking to cash in? |
We are a European based airline company, our company flies to Far-East, Asia, Canada, the Caribbean, S. Tomé, & Cabo Verde We also have the permission to fly to other destinations, which we are not currently doing as we only have 7 passenger aircrafts and 1 cargo plane. For cargo we have the right to fly to Portugal, Brazil and other destinations in South America. That's not Titan, the thread title should be changed. |
That wasn't written by an English speaker. I would guess Portuguese, given both the construction and the destinations mentioned.
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Euro Atlantic
Euro Atlantic seems to fit the bill on this one.
1 x B777 5 x B767 including one freighter 1 x L1011-500 |
Could be a scam? Don't send a supposedly refundable deposit for further details!
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Might look at buying just to get my hands on that three-holer. :p
It looks a bit fishy though, can you really sell an airline on some unknown website... |
Seems legit to me....I'm just corresponding with a Nigerian government official who wants me to look after several million pounds for him...I'll see if he's interested...
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Aaaaaaaaaaaaaaah.
The chance to turn a Large Fortune into a very small Fortune by buying an Airline. |
Also the small matter of the price....£46m.......? Makes no sense for a business with revenue of £16m unless you are the next WhatsApp!
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Also the small matter of the price....£46m.......? Makes no sense for a business with revenue of £16m unless you are the next WhatsApp! Thing is it depends on what the value of the assets is. Like buying a pub doing £300,000 a year for £3 million, makes no sense until your realise its location and what you could do with it. |
The value of the fixed assets is crucial. Dramatically different for example if an aircraft has just had a 'D' check or is coming up for one!
There is also the value of goodwill. 3 times turnover is on the high side, but as Racedo said, not (necessarily) bad. |
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