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GO NOW OWNED KY KLM?

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GO NOW OWNED KY KLM?

Old 3rd Mar 2001, 23:46
  #41 (permalink)  
JB007
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SO,

IS GO OWNED BY KLM THEN ?



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Old 3rd Mar 2001, 23:53
  #42 (permalink)  
The Guvnor
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JB007 - who's this "Go" and "KLM", then that you're on about?

I thought it was a bunfight!

Seriously ... the answer appears to be no, we don't think so but keep reading the Sunday Times!
 
Old 4th Mar 2001, 00:06
  #43 (permalink)  
StressFree
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Mutt,
I've read through this whole thread and honestly cannot find anything that you have said that could be considered insulting. Its just the usual windbags talking the same old sh*t, trying to make trouble where it dosnt exist.



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Old 4th Mar 2001, 00:26
  #44 (permalink)  
driver1
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GUYS!! GUYS!! can we please get back to the subject and stop the personal snipes!!

I for one as a KLMuk employee am quite worried about this possible takeover of Go.

We at KLMuk and our fellow pilots at Go need to work together in protecting our future.
 
Old 4th Mar 2001, 00:28
  #45 (permalink)  
Devils Advocate
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Indeed (and almost as the Guv says), the actuality of it is that it's the press that have hyped the sale of Go, e.g. it was they (the press) not BA who gave out valuations on the company (which depending upon which paper's you read is anything from 300M to 2s6d ). Likewise, and imho, it is the press that are driving the rumours w.r.t. who is in the running as the future proprietor.

That said, my (reliable) sources tell me that a final announcement is still some weeks away, so watch this space....
 
Old 4th Mar 2001, 00:40
  #46 (permalink)  
standbyils
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Four pages of rubbish...where do you find the time?

I'm interested about the future of GO. Can we please offer some info as this thread promises?



[This message has been edited by standbyils (edited 03 March 2001).]
 
Old 4th Mar 2001, 00:55
  #47 (permalink)  
Devils Advocate
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Duh, well what should we say, e.g. that Go has been brought by KLM, or Lufthansa, or even Fred Karno's army ?

Perhaps the reality is that nobody, or certainly very few know (or are willing to reveal) the answer to this question, just yet - and no amount of press speculation or hype will reveal any more than what comes from the final announcement from both BA and the purchaser(s)

Nb. The plural ending on the last word has been used intentionally !
 
Old 4th Mar 2001, 01:30
  #48 (permalink)  
driver1
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well said STANDBYILS!!!!!
 
Old 4th Mar 2001, 14:35
  #49 (permalink)  
G-BPEC
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What will happen if nobody ever wants Go? Will BA keep it or will a management buyout be inevitable?
 
Old 4th Mar 2001, 17:06
  #50 (permalink)  
tilii
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Dear Mutt

I am most awfully sorry. I read your post with respect to Hamrah as meaning PRIDE as often used in the derogatory sense. I guess I saw red at the way The Guvnor had a go at H, whom I hold in the highest regard.

It is now clear that I was wrong and I therefore withdraw what I wrote and proffer my most profound and sincere apologies to you.
 
Old 5th Mar 2001, 13:54
  #51 (permalink)  
Flypuppy
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According to BBC Radio this morning KLM have officially made an offer for GO, but the offer is understood to be below the GBP100 million that BA were hoping for.
 
Old 5th Mar 2001, 14:39
  #52 (permalink)  
The Guvnor
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Red face

Tilii - nowhere have I 'had a go' at Hamrah. Could it be that here - as on another thread - you are trying to stir things and cause conflict? If so, don't bother!
 
Old 5th Mar 2001, 17:49
  #53 (permalink)  
newswatcher
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According to Reuters reports this morning, KLM are denying the FT report that they have made an offer for Go!


 
Old 5th Mar 2001, 19:19
  #54 (permalink)  
Wig Wag
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Here is the latest from the FT 5 March:

http://news.ft.com/ft/gx.cgi/ftc?pag...te=IXLZHNNP94C

Not sure I would want to be owned by KLM after the carve up at Air UK. However history never quite repeats itself in the same way so lets wait with bated breath!
 
Old 6th Mar 2001, 00:59
  #55 (permalink)  
tilii
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The Guvnor

Your (now deleted) post on page 2 of this thread was a direct and unequivocal inference that Go Fly was a, quote, "sh*te" airline. You quoted O'Leary of Ryanair as having said this, and went on to endorse his comment. Hamrah was Go's CP for many a long year and was very quick to take offence at this insult, as evidenced by his own reaction to your words.

How, then, do you say you have never had a go at Hamrah? Perhaps you rely on your removal of the offending post, but you should bear in mind that some of us read it and stored it.

In my book, to imply that Go is a sh*te airline equals to 'have a go' at Hamrah.


[This message has been edited by tilii (edited 05 March 2001).]
 
Old 6th Mar 2001, 14:29
  #56 (permalink)  
The Guvnor
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Tilii, the more you post the more convinced I am you are a spotty faced teenage wind-up merchant. Not only don't you have the faintest idea of the implications (or costs) of training and bonding, but now you claim that comments by the CEO of Ryanair equate to me "having a go at Hamrah"!

FYI, Hamrah and I have discussed this matter in a quiet, civilised manner privately and there is most certainly no animosity between us - so stop trying to stir it.
 
Old 6th Mar 2001, 19:04
  #57 (permalink)  
parkfell
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BA delay decision on GO and waits for KLM according to the Times 6/3/01.

KLM is unlikely to decide until the end of the month.

Four other companies also expressing an interest.
 
Old 7th Mar 2001, 05:39
  #58 (permalink)  
tilii
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Good grief, Guvnor. I just noticed the number of your posts. You really do run off at the mouth, don't you. Like I said once before, why don't you pay more attention to your lofty ambitions and a lot less time spouting your verbal diarrhea on these pages? Spotty faced teenage wind-up merchant indeed. Harumph!
 
Old 7th Mar 2001, 16:01
  #59 (permalink)  
Rocket Ron
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What was the subject of this topic? Ah yes, I remember.....GO NOW OWNED BY KLM?

Tilii and Guvnor - may I suggest you continue your sniping at each other elsewhere - we're getting bored with it now.
 
Old 7th Mar 2001, 17:14
  #60 (permalink)  
newswatcher
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Unhappy

From today's UK FT:

"Leo van Wijk, chief executive of KLM, the Dutch national airline, said on Tuesday that the group had submitted a conditional offer to take over Go, British Airways' low cost subsidiary.

The offer was "conditional and contingent on BA accepting certain elements," said Mr van Wijk. "If it is acceptable we can firm it up. We want to have their reaction, then we can call it a final bid."

KLM had made the conditional offer jointly with a private equity group, he said.

The terms that are still to be agreed include the treatment of the leases on 13 of the 15 aircraft in the current Go fleet, which are presently guaranteed by BA, said Mr van Wijk.

KLM was aiming to merge Go with Buzz, its own low cost subsidiary, which also operates from London Stansted airport. "We would bring in our Buzz investment and know how to manage the group. There are enough management resources without Go," said Mr van Wijk.

It is understood that the negotiations between KLM and BA are focusing importantly on the future management structure of a merged low cost operation.

Ms Cassani has made clear that she is interested in remaining as chief executive of an independent Go and has said that she was prepared to work with the private equity groups, which showed an early interest in taking over the airline.

It is understood that the main rival offer that BA is still considering is from 3i, the venture capital and private equity group, which has previously been involved in the airline sector with its highly successful investment in the 1990s in CityFlyer Express, which was taken over by BA in late 1999.

BA has narrowed the field of preferred bidders as the sale of Go enters the final stage and last week rejected another offer made jointly by two private equity groups, Electra Partners and Barclays Private Equity.

KLM is the only established airline to have shown a sustained interest in taking over Go. It is conducting a strategic review of its future involvement in the low cost sector, and has made clear that it could choose to close or sell off its loss-making Buzz operation, if it is unable to gain the necessary scale through a merger with Go.

"Getting out is one option," said Mr van Wijk, "it is a market where only a limited number of players can survive."
 

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