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these announcements must be making BHD management very nervous, if for example BA buy BMI and keep belfast they will most probably move to BFS where they can work together with EI, and if Jet2 buy baby then they will no doubt move operations to BFS also where they already have 3 or 4 aircraft based, all in all these announcements will mean big things in belfast
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BHD2BFS
BA won't be buying bmi
Jet2 won't be buying bmibaby Baby is in BHD to stay |
BA won't be buying bmi |
Baby is in BHD to stay EI-BUD |
Facelookbovvered:
I have to agree with 99% of your post, the 1% is the Elephant in the room that you've missed |
'BA won't be buying bmi'
Never say never but i'm sure the £100m pension deficit will put most off an outright purchase. |
Did you go to the meeting? Plan b is more downsizing. Lhr only operation going mid haul... |
Plan b is more downsizing |
I would think Lufthansa are considering who will threaten them the least in the future.
Eurozone is facing a long and messy financial recovery, this will impact severely on the Short Haul market throughout the region for the next 5 years. We may see a full circle where the importance of LHR rises once again compared to Frankfurt, Munich and Amsterdam. Who those slots go to, could have far bigger implications for Lufthansa than would currently appear. 6 |
A quick name change to say Flybaby or go baby or any variation on the theme is a no brainer From what I have heard on the vine then any annoucemnt this week will be about Regional new owner |
The pension deficit alone will not be a deal breaker with BA. It will, just like all the other liabilities, have an impact on the purchase price.
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Baby is not the runaway success that GO was. |
This is the Go that was 9 months ahead of its business plan in terms of reaching break-even? That cost BA £25m in start up cost but was sold for £110m just 4 years later? That Stelios paid >£374m in 2002 saying, and I quote:
"This is one of the most exciting developments in Easyjet's history". Which went on to be a FTSE150 company which is still expanding and posting record profits in a massive recession. Yet you contend Go was able to piss away money. Odd. I don't get it. :confused: WWW |
I think we're talking about the same airline. The one where Barbara Cassani once said that "negative equity isn't a problem when you're a subsidiary of a larger airline" after having to go back to BA for more dosh after 12 months and where 3i got cold feet very quickly and looked for a sale far faster than ever anticipated after an ill-judged foray onto Scotland-Dublin/Belfast routes against easyJet and Ryanair which saw cash flying out the door? That the one?
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That's the one. 3i got offered 3 times the purchase price a year after buying and - quite rightly - said fair enough. Cold feet is a funny way of looking at things.
Scotland Dublin cost both Ryanair and Go lots of money in a silly war. Fortunately both companies made roaring profits on dozens of other routes. Now back to BMI. WWW |
So has Regional got a new owner?
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G-AWZK; The Lufthansa board don't post on here.
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More on a possible bid for Regional, seems to tie-in with earlier posts:
BBC News - A new Scottish airline? |
One expert I know (and who ought to know) reckons the next few years will see mergers leaving only five airlines in Europe: IAG (British Airways/Iberia), Air France/KLM, Lufthansa, Ryanair and Easyjet. ** Besides that's seven airlines, five groups ! |
Thank you for your condescending answer Mr Benip, however it seems the BBC have a little more information.
Five major airline groups is the direction that the European market is heading towards with small regional operators picking up what the giants dont want, and the small players seem to get bought up by the big airlines when they get to a threshold level of success. So it may not have been written that well but it isn't far from the truth! |
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