The rumor is that BLUEBIRD Cargo from Iceland Is for sale?
Join Date: Oct 2002
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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.
It is probably going to be bought by Swiftair for the aircraft and contracts and to get rid of a competitor.
Join Date: Feb 2001
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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.
They are nice airline but there is little to no value in buying them for heavy metal players. Standalone investor? Maybe.
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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.
That is the value of BBD, plus unlimited traffic rights to China by the way.
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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?
Who needs traffic rights between Iceland and China?
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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?
