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Maersk-PONL Merger. What Will Happen To MP?  
User currently offlineTripple7 From Netherlands, joined Aug 1999, 539 posts, RR: 0
Posted (8 years 11 months 2 weeks 1 day 21 hours ago) and read 3196 times:

Now that Maersk and P&O Nedloyd have merged I was wondering what will happen with MP. How will the future look like of the number 2 airline of the Netherlands? Will the new Maersk-PONL only focus on shipping and get rid of PONL's share in MP. PONL holds a 50% share in Martinair.

I think AF/KLM might be interested in taking over the PONL shares. KLM holds the other 50% shares in Martinair and is cooperating actively with Martinair. Especially in the field of cargo operations, but also on pax routes like Miami and Orlando.

Maybe Martinair will go to the aviation division of Maersk. Doesn't Maersk have a cargo operation as well?

Does anyone know more about the future of MP?

5 replies: All unread, jump to last
 
User currently offlineTR From UK - England, joined May 2001, 953 posts, RR: 0
Reply 1, posted (8 years 11 months 2 weeks 1 day 10 hours ago) and read 3121 times:

Danish media (including dedicated business media) has not provided any information on this. However there are continuous rumors that Maersk is looking to sell Maersk Air, though the cargo division, Star Air, should remain in Maersk ownership according to latest bulletins. Quite unclear what is going to happen.

Beside I had the impression that KLM was the majority shareholder in Martinair. Most likely Martinair will remain on Dutch (French) hands and any PONL shares offered for sale, should Maersk purchase PONL.


User currently offlineTR From UK - England, joined May 2001, 953 posts, RR: 0
Reply 2, posted (8 years 11 months 2 weeks 1 day 9 hours ago) and read 3104 times:

I have to correct my previous reply. Danish travel/trade media today reports that a Maersk purchase of P&O Nedlloyd will include 50% of the shares in Martinair.

Maersk Air is reportedly looking positively towards a close tie with Martinair on both cargo and passenger/charter operations. Add to that, that Maersk Air for a number of years has had a good relationship with both KLM and Air France, the owner of the other half of Martinair.


User currently offlineTripple7 From Netherlands, joined Aug 1999, 539 posts, RR: 0
Reply 3, posted (8 years 11 months 2 weeks 1 day 7 hours ago) and read 3078 times:

Thus, it might be highly likely that nothing really changes. Except for the ownership structure in MP, which for 50% will go to Maersk. Operationally we might see a closer cooperation between Martinair/Maersk(Star)/KLM and Air France. Interesting.

User currently offlineEuroBonus From Denmark, joined Nov 2004, 96 posts, RR: 0
Reply 4, posted (8 years 11 months 2 weeks 1 day 6 hours ago) and read 3064 times:

I read in takeoff.nu that AFKLM now hold 50% of MP, but will not be able to acquire further 50% owned by PONL due to competition restrictions. Hope Maersk will start new way of joint-venture with MP - using CPH/AMS as twin hub.

User currently offlineTR From UK - England, joined May 2001, 953 posts, RR: 0
Reply 5, posted (8 years 11 months 2 weeks 1 day 6 hours ago) and read 3063 times:

From what I understand, Maersk has no immediate plans regarding the possible 50% ownership of Martinair. There are three scenarios as I see it (two possible and one unlikely):

1) No major changes exept for the ownership and the development of a cooperation between Maersk Air/Star Air and Martinair in both the passenger and cargo business.

2) Maersk uses it's stake in Martinair to make Maersk Air a more interesting sales object. We should keep in mind that Maersk Air has had heavy losses in resent years and that the A P Møller Group (owner of all Maersk compagnies) reported is looking to sell at least Maersk Air and perhaps Star Air as well.

3) Maersk takes over full control of Martinair by buying the KLM/Air France shares. This is however very very unlikely to happen.

If I were put any money on a bet, I´d go for 2). The continuous rumors of a sale of Maersk Air indicates that a decision has been taken in the A P Møller Group to withdraw from the airline business and I would be surprised if the 50% stake in Martinair could change that - even if Martinair remains profitable.

However the deal to buy P&O Nedlloyd has not been signed so let's wait and see what's going to happen.


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