BA and JET2 secret meeting in Leeds
Any info on this? I heard from a few people (well 2 separate people, one of which confirmed it and is a skipper at JET2) the whole place was cordoned off so no one could listen in, rumours are of BA selling off the Euroflyer arm to JET2 which would allow JET2 into LGW for some slots.
|
Originally Posted by Captain Spam Can
(Post 11491817)
Any info on this? I heard from a few people (well 2 separate people, one of which confirmed it and is a skipper at JET2) the whole place was cordoned off so no one could listen in, rumours are of BA selling off the Euroflyer arm to JET2 which would allow JET2 into LGW for some slots.
|
Originally Posted by Flying Wild
The jet2 work ethic and ethos might be difficult to stomach for any die hard BA types.
|
Here we are again.
GO flogged to Easyjet (was it?). BA Connect (as the regions plus Brymon and BRAL became) flogged to FlyBe. BA cannot make lower cost work, mostly I presume, because there is nothing low cost to BA's corporate structure. |
Or maybe BA are taking a share in Jet2?
|
BA have put some effort into setting up this new Gatwick operation with new terms and conditions and airframes transferred in.
If they have already realised it isn’t working then hiving off to Jet2 might fit. |
Will Balpa at BA now be preoccupied saving Euroflyer pilot jobs and use this to compromise a bit more on the mainline pay deal?
|
Originally Posted by Magplug
(Post 11491935)
I don't think you will find any 'die hard BA types' at LGW. They are mostly new hires from the last couple of years and a few new commands from BA mainline who are there to preserve their pension rights.
|
I’m not saying it’s not happening, but if Jet2 and BA wanted a secret meeting I can’t really see why they would draw attention to it by cordoning off Low Fare Finder House. Wouldn’t they more sensibly hire an anonymous meeting room in a hotel somewhere off the M1?
|
If it's all over PPrune, that has to be the worst kept secret in quite some time.
And as Excrab has stated, if it was to be that secret, you'd have met at Watford Gap service station or something. |
Too right. What goes on at Watford Gap stays at Watford Gap. 😁
|
They were too busy with meetings last week to go offsite. The morning before the BA meeting they were finalising the details of the deployment of the 6 x A330s ordered recently. In the afternoon HR joined in so a decision could be taken on wether the second pay rise of the year will be 3 or 4% in September. The following day was mostly concerned with which variant of the Max to order and how many 321 orders will be upgraded to XLRs. On Friday somebody went in to one of the meeting rooms and found an agenda for next weeks meetings, apparently Egypt, Cape Verde and long haul will be the topics for discussion.
|
Originally Posted by PC767
(Post 11491937)
Here we are again.
GO flogged to Easyjet (was it?). BA Connect (as the regions plus Brymon and BRAL became) flogged to FlyBe. BA cannot make lower cost work, mostly I presume, because there is nothing low cost to BA's corporate structure. |
Originally Posted by Granite City Flyer
(Post 11492538)
They were too busy with meetings last week to go offsite. The morning before the BA meeting they were finalising the details of the deployment of the 6 x A330s ordered recently. In the afternoon HR joined in so a decision could be taken on wether the second pay rise of the year will be 3 or 4% in September. The following day was mostly concerned with which variant of the Max to order and how many 321 orders will be upgraded to XLRs. On Friday somebody went in to one of the meeting rooms and found an agenda for next weeks meetings, apparently Egypt, Cape Verde and long haul will be the topics for discussion.
good one! 🤣 |
Sell it off for all the staff cares… I’m an employee not a shareholder. Sounds like J2 pay better than BA at LGW anyway. Sounds like a pay rise for most pilots down there….
|
"They were too busy with meetings last week to go offsite."
that's the lower echelons of management Something like flogging off Gatwick would be middle management at least Top management just count their bonus package |
You can create low cost from nothing. You can never create low cost from legacy. That said, the best bits of Go were more than worth having, it’s just that Stelios didn’t grab the very finest thing they had to offer…
|
Originally Posted by CayleysCoachman
(Post 11493124)
That said, the best bits of Go were more than worth having, it’s just that Stelios didn’t grab the very finest thing they had to offer…
|
The Boss.
|
Originally Posted by kriskross
(Post 11493314)
The Boss.
|
Originally Posted by Asturias56
(Post 11492879)
"They were too busy with meetings last week to go offsite."
that's the lower echelons of management Something like flogging off Gatwick would be middle management at least Top management just count their bonus package You have no idea how the company is run then. Because I can assure you something this profile will be discussed at the very tops. Not just "middle management". |
In November 2022 the Financial Times ran a story that no body in the aviation world seemed to pick up on it was only a small piece
The FT story said that IAG the owners of BA was looking to acquire a low cost carrier in the Uk Jet2 and easy jet were both named as potential targets for acquisition IAG believe they need a low cost carrier to help with growth and better fight the likes of Ryan air the story percificly named jet2 as urgently needing to get into Gatwick the story went on to say BA would leave Gatwick short haul to jet2 if a accusation went through It seems to me it could be BA trying to buy jet2 and not the other way around |
A legacy company buying up a low cost, or newer, company only works if the legacy Board leave the new company to do well what they have done well. History tells us that when an old company buy a new one - they start to meddle with it. This is not just in the airline world, I saw a big bank buy smaller bank as they were making good money. A few years later it was a mess and old company lost a lot of money,
|
"You have no idea how the company is run then. Because I can assure you something this profile will be discussed at the very tops. "
Be the first time the board of BA have really discussed LGW at all - never mind their masters at IAG |
Watch out. Most companies who want to try and compete with Ryanair, (if that is the intention) first move is find an ex FR manager or headhunt one from FR.
EasyJet found out the hard way it’s doesn’t always pay off. Mind you that person was the biggest BALPA recruiting sergeant for EZY my mate tells me! If IAG went down that route Jet2 pilots can kiss goodbye to 2 sector days and sitting at home doing 2 flights a month over winter. |
Originally Posted by Say Mach Number
(Post 11494321)
EasyJet found out the hard way it’s doesn’t always pay off. Mind you that person was the biggest BALPA recruiting sergeant for EZY my mate tells me!
|
Originally Posted by Say Mach Number
(Post 11494321)
Watch out. Most companies who want to try and compete with Ryanair, (if that is the intention) first move is find an ex FR manager or headhunt one from FR.
EasyJet found out the hard way it’s doesn’t always pay off. Mind you that person was the biggest BALPA recruiting sergeant for EZY my mate tells me! If IAG went down that route Jet2 pilots can kiss goodbye to 2 sector days and sitting at home doing 2 flights a month over winter. |
Back to Boeing I was going by TUIblues comments that IAG wanted a low cost airline which IAG think Jet2 is according to below.
“The FT story said that IAG the owners of BA was looking to acquire a low cost carrier in the Uk Jet2 and easy jet were both named as potential targets for acquisition IAG believe they need a low cost carrier to help with growth and better fight the likes of Ryan air” I’m not sure what Jet2 thinks it is but I’m pretty sure most people think of it as a low cost carrier. |
Slots?
A little birdie tells me that negotiations were over slot leases.
|
I’m not sure what Jet2 thinks it is but I’m pretty sure most people think of it as a low cost carrier. |
Except Jet2 are just a UK low fare airline masquerading as a holiday company (like EZY) and not a big international travel organisation with multiple airlines, cruise ships, hotels and travel shops… small fry comparatively!
|
.....small fry comparatively! |
Originally Posted by TUIblue
(Post 11493815)
the story percificly named jet2 as urgently needing to get into Gatwick the story went on to say BA would leave Gatwick short haul to jet2 if a accusation went through It seems to me it could be BA trying to buy jet2 and not the other way around |
Originally Posted by AirUK
(Post 11496663)
Except Jet2 are just a UK low fare airline masquerading as a holiday company (like EZY) and not a big international travel organisation with multiple airlines, cruise ships, hotels and travel shops… small fry comparatively!
|
Jet2 are more akin to TUI than EZY or FR |
It’s the convention that the buyer visits the seller.
Maybe IAG visited to have a quick look over the books to see if J2 were worth buying🤷♂️ |
Originally Posted by AirUK
(Post 11496663)
Except Jet2 are just a UK low fare airline masquerading as a holiday company (like EZY) and not a big international travel organisation with multiple airlines, cruise ships, hotels and travel shops… small fry comparatively!
|
Originally Posted by G-AZUK
(Post 11497422)
add profitable to that list of differences
|
You’re correct about not as indebted. However, TUI were a lot more profitable than Jet2 prior to covid.
Not sure what the major Russian shareholder has to do with anything. |
Originally Posted by H44
(Post 11497492)
You’re correct about not as indebted. However, TUI were a lot more profitable than Jet2 prior to covid.
Not sure what the major Russian shareholder has to do with anything. Jet2 benefit greatly when TUI don't cut prices(in order to preserve their margins). TUI are present in many markets whereas Jet2 rely on the UK. So far the UK market has held up well, the same can't be said for some of TUI's markets. So whose shares should one buy, if either? Sorry if it's a bit of thread drift. This 'meeting' doesn’t appear to have affected Jet2 share price much, yet. |
All times are GMT. The time now is 07:50. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.