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Search: Posts Made By: le grand fromage
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30th May 2012, 11:59
Replies: 1,279
Views: 660,891
Posted By le grand fromage

Formalities for transfers of ownership of...

Formalities for transfers of ownership of aircraft generally require them to be in UK at completion so that will be why the rumour is around. All aircraft were either owned by or leased to British...
23rd Apr 2012, 11:24
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Bloggs, really don't like your tone towards...

Bloggs, really don't like your tone towards either LH or SMB....and just what is so wrong about SMB requiring LH to comply with a contract that was negotiated in good faith in 1999? The whole point...
19th Apr 2012, 16:34
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Should point out that widows pension is payable...

Should point out that widows pension is payable at 50 percent ....my error in previous post.
19th Apr 2012, 14:50
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Presumably the regulator only rejected LH keeping...

Presumably the regulator only rejected LH keeping the scheme itself as it was using a shell UK subsidiary with little or no assets. If LH at the parent level had guaranteed the subsidiary, there's no...
19th Apr 2012, 08:15
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

So LH seem to be ditching the bmi pension scheme...

So LH seem to be ditching the bmi pension scheme and have persuaded the trustees to agree to put it into the Pension Protection Fund. When they said early in the process with IAG that LH would be...
19th Apr 2012, 07:58
Replies: 16
Views: 3,718
Posted By le grand fromage

What those of you who think SMB turned down SRB...

What those of you who think SMB turned down SRB are not aware of is that no meaningful offer was ever made to buy BD nor was the proposed split of shareholdings in a possible merger ever close to...
30th Mar 2012, 17:54
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Here's the link to the IAG press release IAG -...

Here's the link to the IAG press release
IAG - International Airlines Group - News Release (http://www.iairgroup.com/phoenix.zhtml?c=240949&p=irol-newsArticle&ID=1678611&highlight=)
30th Mar 2012, 16:23
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

So 12 slots made available to new entrants on...

So 12 slots made available to new entrants on domestic/european routes not defined, with 2 slots leased to Transaero. But Transaero have been using those 2 slots for a number of years already under...
30th Mar 2012, 12:51
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

DDee, agreed. It would be normal for all existing...

DDee, agreed. It would be normal for all existing Directors to be required to resign as part of the completion process and for the Buyer to appoint their own Board, change bank mandates etc etc....
30th Mar 2012, 08:04
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Depends what other conditions to closing were...

Depends what other conditions to closing were included in the purchase agreement, but could be the same day if everything had been lined up ahead of time. Given that the parties seem in a hurry to...
23rd Mar 2012, 11:11
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Latest news on the competition issues from the...

Latest news on the competition issues from the FT:

http://www.ft.com/cms/s/0/5b22a660-7442-11e1-9951-00144feab49a.html#axzz1pvyQrEUJ...
18th Mar 2012, 19:24
Replies: 644
Views: 266,271
Posted By le grand fromage

A couple of points on the TUPE and slot issues...

A couple of points on the TUPE and slot issues raised by a number of posters.

TUPE only applies where there is a transfer or sale of a business as opposed to a sale of a company (which is why no...
15th Mar 2012, 18:44
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Frank, LH bought SK's shares some months after...

Frank, LH bought SK's shares some months after they bought SMB's after a bit of a stand off about price. SMB was paid the bulk of his money as compensation for giving up his put option and a low...
13th Mar 2012, 15:07
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

No, the EC are potentially interested in any...

No, the EC are potentially interested in any route where there is an impact on competition in the EU, so they might have a view about Cairo, Moscow and any other ex LHR non-EU routes that they both...
7th Mar 2012, 12:29
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Actually they havent "waived it through" to the...

Actually they havent "waived it through" to the EC. The primary jurisdiction is with the EC in a case like this due to turnover in other jurisdictions than the UK. It is quite unusual for the OFT to...
7th Mar 2012, 08:21
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

SMB owns the Hall? Complete and utter b*ll*cks....

SMB owns the Hall? Complete and utter b*ll*cks. The Hall is owned by the company....always has been since it was bought for about £1m way back when. Thats why the cost of having it as the HO was...
6th Mar 2012, 17:37
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Flypuppy, the OFT has not approved the mainline...

Flypuppy, the OFT has not approved the mainline deal....they have said that they don't intend launching a parallel investigation themselves when the EC is already reviewing the case and has enough...
10th Feb 2012, 01:24
Replies: 1,654
Views: 515,894
Posted By le grand fromage

Yellow sun, Utter bollocks that SMB leased the...

Yellow sun,
Utter bollocks that SMB leased the hall to the company...the hall was always owned freehold by the company and still is. Where do you get these ideas that have zero basis in fact? :=
26th Jan 2012, 16:27
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

VS and BA will have an interline agreement in...

VS and BA will have an interline agreement in place to allow VS to sell on to BA and viceversa but without codeshare. The issue will be at what rates BA sell their domestic sector to VS and whether...
26th Jan 2012, 16:14
Replies: 1,654
Views: 515,894
Posted By le grand fromage

Nitefiter The competition authorities (in this...

Nitefiter
The competition authorities (in this case the EC's merger task force) have no jurisdiction over employment issues and are simply there to assess what the effects of a take over are on...
22nd Dec 2011, 08:41
Replies: 992
BMI
Views: 350,074
Posted By le grand fromage

Some interesting questions from the limited info...

Some interesting questions from the limited info released: 56 slot pairs is a lot less than the 80+ that bmi held when LH took over. Assume they have retained quite a lot as payment for loans...
17th Nov 2011, 17:32
Replies: 54
Views: 13,746
Posted By le grand fromage

Acbus, hardly a "wait and sell" plan....they've...

Acbus, hardly a "wait and sell" plan....they've been busy integrating the mainline business into LH for the last 18 months, and waiting to sell at a time the biggest annual loss is about to be made,...
26th Sep 2011, 10:43
Replies: 2,984
BMI
Views: 1,027,382
Posted By le grand fromage

According to LH the slots were auctioned to the...

According to LH the slots were auctioned to the highest bidder, which is the normal way these days to offload slots, so Star carriers (and VS) would have had the abiility to take them if they needed...
28th Jul 2011, 08:13
Replies: 2,984
BMI
Views: 1,027,382
Posted By le grand fromage

120m euro loss for first half according to LH...

120m euro loss for first half according to LH press release this morning....seriously bad.
19th May 2011, 18:08
Replies: 1,654
Views: 515,894
Posted By le grand fromage

Little Blue I also hate to be pedantic, but I'm...

Little Blue I also hate to be pedantic, but I'm going to be. stand outside and count the windows/floors...there is no 3rd floor...the first housed the Directors and the Belvedere (board room) is on...
19th May 2011, 10:49
Replies: 1,654
Views: 515,894
Posted By le grand fromage

G-AWZK 3rd floor at DH? Really....looks like...

G-AWZK
3rd floor at DH? Really....looks like you were in the clouds, given the offices ended on the 1st and the building ended on the 2nd! And there's one "n" in Donington.

As for the history...
1st Mar 2011, 14:17
Replies: 2,984
BMI
Views: 1,027,382
Posted By le grand fromage

Ah now I remember why I didn't bother posting...

Ah now I remember why I didn't bother posting before....it's the pr*ts that think they know it all and waste no time telling others. See you in 3 years and see if things have changed....
28th Feb 2011, 17:59
Replies: 2,984
BMI
Views: 1,027,382
Posted By le grand fromage

As I recall, the scope clause relates to ops at...

As I recall, the scope clause relates to ops at LHR only so there is no reason in principle why baby could not operate 319/320's from the current bases. Whether it will happen is another matter, and...
Showing results 1 to 28 of 28


 
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