View Full Version : The rumor is that BLUEBIRD Cargo from Iceland Is for sale?
Fish Head on Final
24th May 2012, 15:13
The rumor is that BLUEBIRD Cargo from Iceland Is for sale?
bcgallacher
25th May 2012, 16:58
I was under the impression it had been acquired by Air Atlanta Icelandic.
Icelanta
25th May 2012, 18:56
The new owner has not yet been disclosed...but rumor has it that Cargolux was very interested, as was AAI.
despegue
26th May 2012, 08:08
Former collegue of mine claims a group around Cargolux wants BBC to start feeder and new routes for CX mainline?! Sounds bull to me to be honest.
It is probably going to be bought by Swiftair for the aircraft and contracts and to get rid of a competitor.
CargoOne
26th May 2012, 11:41
Think for a minute and tell me what value would CV or AAI see in BlueBird? Contracts? You can get them anyway. AOC? Why they would need it? Traffic rights? There are none. And no LHR slots either. No its own network. And nobody is interested about 733 and 734 freighters any longer - you can get them any day.
They are nice airline but there is little to no value in buying them for heavy metal players. Standalone investor? Maybe.
Icelanta
26th May 2012, 22:52
An established carrier can make use of an Icelandic AOC to create a lower cost affiliate, with a maybe different fleet and certainly different conditions for the crews and employees. This happens all the time and I guess this is what is going to happen with Bluebird.
That is the value of BBD, plus unlimited traffic rights to China by the way.
CargoOne
27th May 2012, 14:00
Icelandic AOC is EUR 300k in cost and 3-4 month, and you have a clear one with no liabilities and in shape and form you like. And AAI have their own anyway.
Who needs traffic rights between Iceland and China?
despegue
28th May 2012, 19:37
Weren't they once about to get the b747.400erf? What happened to that? An airline can not survive with only a couple of 737 freighters. Way too much overhead costs. They need at least 10 airframes to be able to stay in business. What if they won't find a suitable buyer? Over and out like for BMI baby?
SR-22
28th May 2012, 22:29
not exactly fresh news.. BBD has been for sale for about 2-3 years now
Icelanta
16th Oct 2012, 22:37
Does anyone know more about who bought the Icelandic Blues?
EDTangoSierra
29th Dec 2013, 14:34
Is BBD still up for sale, or did someone really buy it?
Icelanta
30th Dec 2013, 15:42
A recent article in an Icelandic newspaper mentioned that a sale is imminent...
Icelanta
15th Jan 2014, 17:29
Official:
Bluebird Cargo has been sold to the owners of Air Atlanta Icelandic. ( basically, the AAI management.)
sunny11410
15th Jan 2014, 18:01
Hey, it took exactly 8 hrs until it was posted on PPRuNe :D