Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Ryanair To Buy Buzz....  
User currently offlineRick767 From United Kingdom, joined Jan 2000, 2662 posts, RR: 51
Posted (11 years 7 months 1 week 13 hours ago) and read 5590 times:

...for £15 million, and become the largest operator at Stansted. BAe 146s to be returned to KLM, 737s to be retained.

All this, according to the BBC this morning.


I used to love the smell of Jet-A in the morning...
42 replies: All unread, showing first 25:
 
User currently offlineGoing64 From Netherlands, joined Oct 2002, 329 posts, RR: 0
Reply 1, posted (11 years 7 months 1 week 13 hours ago) and read 5540 times:

Confirmed by KLM as well this morning. Price 30m Euros.

User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Reply 2, posted (11 years 7 months 1 week 13 hours ago) and read 5532 times:

WOW!That really surprises me.Buzz always said that the BAE146s were the main reason that their costs were high compared to other LCCs.

User currently offlineBrusselsSouth From Belgium, joined Aug 2001, 628 posts, RR: 5
Reply 3, posted (11 years 7 months 1 week 13 hours ago) and read 5532 times:

Full info, from the Ryanair point of view, on :

http://www.ryanair.com/press/2003/jan/ops-en-310103.html


Regards,


BrusselsSouth


User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7131 posts, RR: 57
Reply 4, posted (11 years 7 months 1 week 12 hours ago) and read 5481 times:

Amazing that KLM sold buzz for €5m net.... Again, no gold for the majority at the end of the low cost rainbow.

KLM have this to say...

KLM Royal Dutch Airlines today announced that they have signed an agreement for the sale of buzz, KLM Group’s low cost subsidiary, to Ryanair. KLM will sell its 100% shareholding in buzz with a value to KLM of approximately € 30 million.

By mutual agreement, buzz will be transferred once regulatory authorities have approved the transaction. Parties are aiming for this transfer to take place on or before April 1, 2003.


KLM’s decision to sell buzz follows a strategic review of this business in light of the increasing competition in the European low cost arena over the last few months. As indicated in late October 2002, buzz was aiming for rapid growth to maintain its' position as the 3rd largest player in Europe in this market segment. In order to finance the expansion, KLM has indicated that it was considering partnership approaches from a number of interested parties, which included the possibility of an outright sale.


KLM believes that attaining satisfactory profitability for a standalone buzz would have been difficult to achieve. The emergence of a significant number of new entrants in the already competitive low cost arena will continue to lead to increasing price competition. In addition, the traditional network carriers, in their response to changing consumer demands, have started to focus on the low-cost customer as well by reforming their current European product and pricing strategies. Against this background, KLM’s Board of Managing Directors has concluded that the plans of buzz are best served with a link up with the Irish low cost carrier Ryanair.


Following the study on low cost, KLM had already decided not to integrate buzz with BASIQ AIR, the low cost label of Transavia airlines. The KLM Group will therefore remain active in the low cost - low fare market through leisure carrier Transavia airlines which continues to increase its' focus on the activities under the BASIQ AIR label. BASIQ AIR currently serves 13 European destinations from Amsterdam Airport Schiphol and 2 of those from Rotterdam Airport. BASIQ AIR sells her services with direct booking through a call center and via www.basiqair.com. Apart from the flights to BASIQ AIR destinations, Transavia will continue to concentrate on other charter and scheduled flights for the leisure market, using Schiphol as its home base.




The world is really getting smaller these days
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 5, posted (11 years 7 months 1 week 12 hours ago) and read 5463 times:

Aww. I wanted to post this first. Oh well
----
Ryanair says that it has reached a deal with KLM to buy UK low-cost airline Buzz for €23 900 000 / US$25 843 070. The deal would be funded by Ryanair's existing cash and Buzz has about €19 Million in cash itself, the deal only costs €5 million.

"Whilst it has been our policy to avoid acquisitions, this opportunity, at this nominal cost is the type of offer which we could not refuse. The financial cost is small and the diversion of management time will be minimal since Buzz is based at our main UK base," said Micheal O' Leary.

More information at the Financial Times website

Information was gathered from the above hyperlinked webpages. Full information can be viewed by clicking the above hyperlinked webpages. Information was rephrased and not copied and pasted unlike some do. Currency conversion from European €uros to US Dollars courtesy of the Singapore Airlines Currency Converter (www.singaporeair.com)


Anyone can fly, only the best Soar.
User currently offlineRick767 From United Kingdom, joined Jan 2000, 2662 posts, RR: 51
Reply 6, posted (11 years 7 months 1 week 12 hours ago) and read 5434 times:

Sorry, Singapore_Air, I was up early watching BBC Breakfast News this morning, both actions are unlike me!


I used to love the smell of Jet-A in the morning...
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 7, posted (11 years 7 months 1 week 12 hours ago) and read 5434 times:

hehe. Well my town is snowed in so I woke up late! No wonder  Big grin

I'm not going to school. Can't be bothered.  Laugh out loud



Anyone can fly, only the best Soar.
User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7131 posts, RR: 57
Reply 8, posted (11 years 7 months 1 week 12 hours ago) and read 5418 times:

Following last years growth, this year we can expect significant consolidation and bankruptcies in the low cost arena. Only two of the carriers are profitable, Ryanair and EasyJet (even easyJet is struggling this winter)




The world is really getting smaller these days
User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7131 posts, RR: 57
Reply 9, posted (11 years 7 months 1 week 11 hours ago) and read 5421 times:

Bye Bye Dusseldorf, hello NIEDERRHEIN
Bye Bye Amsterdam, hello MAASTRICHT
Bye Bye Toulouse, hello PAU
Bye Bye Paris, hello REIMS
Bye Bye Frankfurt, hello HAHN
Bye Bye Murcia, hello HAUGESUND (Alicante North)



The world is really getting smaller these days
User currently offlineTeva From France, joined Jan 2001, 1871 posts, RR: 16
Reply 10, posted (11 years 7 months 1 week 11 hours ago) and read 5420 times:

I am very sad to see the end of Buzz, because I really enjoyed flying with them.
I hope Ryanair will keep from Buzz their real coffee at 1.50 GBP.
It will be intersting to see if Ryanair will keep the STN-CDG flt, as they call Beauvais their Paris airport.
For me, this CDG STN is very convenient, and performs well. I would be very sad to loose it (Buzz is the only airline on this route.)
Teva



Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con
User currently offlineCapt.Picard From , joined Dec 1969, posts, RR:
Reply 11, posted (11 years 7 months 1 week 11 hours ago) and read 5404 times:

Mmmm, it will be interesting to see what happens to the route network. Buzz's inflight service was always of better quality (in terms of the coffee - I agree, and the somewhat better breakfast options.

Given cost-cutting is a religion for Ryanair, I think you can probably wave bye-bye to a lot of 'buzz' things. For those of you who do fly Ryanair, don't buy the tea/coffee - probably one of the most disgusting I have had since flying with Alitalia (ironic, given the latter was an Italian carrier!)


User currently offlinePressclub From Belgium, joined Nov 2001, 774 posts, RR: 5
Reply 12, posted (11 years 7 months 1 week 10 hours ago) and read 5364 times:

Boeing just anounced in Dublin an order from Ryanair for as many as 100 jetliners 737 worht 6 billion. With this order Ryanair will end up with a fleet of 250 B 737-800 aircraft.

Pressclub


User currently offlineLarspl From Netherlands, joined Apr 2002, 473 posts, RR: 0
Reply 13, posted (11 years 7 months 1 week 10 hours ago) and read 5334 times:

ANOTHER 100?????

so they ordered 200 73NG's now??



facebook.com/ddaclassicairlines
User currently offlinePressclub From Belgium, joined Nov 2001, 774 posts, RR: 5
Reply 14, posted (11 years 7 months 1 week 10 hours ago) and read 5319 times:

Just got the release from Ryanair and Boeing... So, it seems they buy 100 aircraft more...

User currently offlinePressclub From Belgium, joined Nov 2001, 774 posts, RR: 5
Reply 15, posted (11 years 7 months 1 week 10 hours ago) and read 5316 times:

LONDON, Jan 31 (Reuters) - Irish no-frills airline Ryanair Holdings Plc said on Friday it would
order 22 more Boeing (BA.N) 737-800 aircraft and would increase its options by a further 78, in a
deal valued at $6 billion at catalogue prices.
"This means the European low-fair carrier has committed to 250 737-800s since January 2002,"
Ryanair and Boeing said in a joint statement. "Of those commitments, 125 are orders and 125 are
options".
Ryanair said the 22 nearly-ordered jets were scheduled for delivery in 2004 and 2005.
(C) Reuters Limited 2003.


MAYBE START NEW TOPIC ?????


User currently offlineDemoose From Canada, joined Mar 2001, 1952 posts, RR: 23
Reply 16, posted (11 years 7 months 1 week 8 hours ago) and read 5252 times:

Something I've just heard on the BBC,
apparently rumours are that bmibaby may be aquired in the near future, but didn't say who by.  Wow!

Mark



Take a ride...fly across the sky
User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 17, posted (11 years 7 months 1 week 6 hours ago) and read 5149 times:

I've heard the same thing about BMIbaby, but BMI is issuing denials all round. Mind you, O'Leary told me the same about Buzz two days ago...  Insane

User currently offlineBill From Switzerland, joined Jun 1999, 69 posts, RR: 0
Reply 18, posted (11 years 7 months 1 week 5 hours ago) and read 5071 times:


Hope that Ryanair will keep Buzz webmaster....



User currently offlineRj777 From United States of America, joined Dec 2000, 1814 posts, RR: 2
Reply 19, posted (11 years 7 months 1 week 4 hours ago) and read 5036 times:

This will really help KLM!

User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Reply 20, posted (11 years 7 months 1 week 4 hours ago) and read 5015 times:

KLM getting rid of Buzz made a lot of sense IMO.I thought they would sooner as their business model was a mess.

User currently offlineLekky-Man From United Kingdom, joined Feb 2002, 371 posts, RR: 0
Reply 21, posted (11 years 7 months 1 week 4 hours ago) and read 5003 times:

I'm just wondering where they are likely to be flying all these aircraft!!

Surely, there can't be that many European routes on which they can compete and make a profit!!

Maybe they'll reach across the pond in the future??

LM


User currently offlineKLM exel From Netherlands, joined Feb 2001, 41 posts, RR: 0
Reply 22, posted (11 years 7 months 1 week 4 hours ago) and read 4996 times:

But will Buzz disapear as a brand or will ryanair keep Buzz as a brand. So will it be like easyjet and go. (go disapeared) or not?

User currently offlineKaitak From Ireland, joined Aug 1999, 12438 posts, RR: 37
Reply 23, posted (11 years 7 months 1 week 4 hours ago) and read 5000 times:

The one thing that strikes me about Buzz is that they never seemed to have achieved the stellar success that FR, U2 or even Go achieved. After three years, what did they have to show for themselves: 146s and a handful of 737s. Ryanair bought it for EUR30m, yet FR's market capitalisation is EUR4bn+. Obviously FR has been around for a bit longer, but it just seems to me that Buzz could have made a lot more of its business than it actually did.

And Low Cost 146s; my definition of depression. I don't much like Ryanair, but 737s - well, you can't go much wrong, can you.


User currently offlineLapper From United Kingdom, joined Mar 2002, 1564 posts, RR: 7
Reply 24, posted (11 years 7 months 1 week 3 hours ago) and read 4958 times:

I read in the Standard tonight that KLM get some of FRs Stansted slots in the bargain. What would they use those for, start up STN-AMS again?

25 DC-10 Levo : I hope Ryanair do buy Buzz! I't be great if we had Ryanair 146's in Ryanair colours flying round the UK. DC-10
26 Thomas_Jaeger : @DC-10 Levo: All BAe 146 will go back to KLM.
27 OO-VEG : Any news on who will be operating the BAe-146 for KLM?? Best option is to trade them for some other aircraft (F70, B737).
28 AMSMAN : Will this mean low fare flights from AMS - DUB? I sure hope so. Later AMS
29 DC-10 Levo : BAe 146: To go back to KLM? That's not fair. So no Ryanair colours in the BAe 146? DC-10
30 Capt.Picard : AMSMAN I doubt it, unfortunately, as FR don't use main airports, and they have already annouced they will be dropping some buzz routes - I presume the
31 Donder10 : I expect DUB-HHN/BGY(Milan) and a Dutch route in the next 12 months. FR are aiming to double DUB numbers.Given the large amount of flights just to the
32 Bmi330 : hopefully even more routes out a pik a gotta a like ryanair a little more a everyday.
33 Tombezza : This is most definitely an interesting takeover, as the business plans of the two companies seemed to both compliment and contradict each other. I thi
34 Airblue : Likely to happen in next months: FRA and DUS will be replaced with more flights to HHN and NIEDERRHEIN. (since both DUS and FRA are slots restricted a
35 Post contains links Singapore_Air : A very good article in the respected Financial Times: KLM throws in the towel on no-frills sector Including.. "As Michael O'Leary, Ryanair chief execu
36 LJ : The headline "KLM throws in the towel on no-frills sector" is of course wrong. As the KLM press release correctly puts it KLM continues to be a big pl
37 Airblue : There is also the option that Basiq Air will take the AMS-STN route.
38 Vfw614 : According to Dutch media, KLM will keep the slots at DUS, FRA, CDG and AMS, so these routes will be discontinued. Also some of the French airports Buz
39 Post contains images Airsicknessbag : Oh, great introductory offers to Niederrhein: 38.99 GBP one-way. By the way, let´s have a look at that new airport, its name, abbreviation and FR-nam
40 BestWestern : Whats happened to the Bournemouth base?
41 Post contains images TriStar500 : Now 38.99GPB one-way for LRC-STN is not very exciting, since you can get for a fraction of these costs (starting at 19 Euro) to STN from a "real" airp
42 Paulc : A great shame for Bournemouth airport who are (were) planning some major terminal improvements on the back of the Buzz deal. Unfortunatley as this wil
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Ryanair To Buy Another Airline...? posted Wed Feb 23 2005 21:20:48 by Backfire
Ryanair To Buy Used 733/734/738 posted Tue Aug 14 2001 21:50:09 by Jiml1126
How Ryanair Proposes To Reorganize Buzz posted Wed Feb 26 2003 14:55:06 by Capt.Picard
Ryanair Wants To Buy Between 75 To 100 Aircraft posted Sun Jan 20 2002 21:46:01 by Singapore_Air
Guggenheim To Buy 3 (+1) 777F posted Tue Dec 12 2006 17:09:54 by Thorben
Who Wants To Buy A Tu-154B posted Sun Nov 19 2006 03:39:03 by Hjulicher
KLM To Buy Six Boeing 737 posted Mon Nov 13 2006 19:44:56 by AeroPiggot
Cathay Pacific To Buy 5 Boeing 747s posted Tue Nov 7 2006 14:29:16 by CaptainTim
TAP To Buy PGA (NI) - Confirmed posted Tue Oct 31 2006 15:45:45 by Ptknight
German Govt. To Buy Into Airbus Via The Back Door? posted Sun Oct 29 2006 15:17:47 by NAV20