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Malev For Sell, LOT Interested?  
User currently offlineAriis From Poland, joined Sep 2004, 421 posts, RR: 1
Posted (9 years 5 days 2 hours ago) and read 2029 times:

Hi there,

rumours say, that LOT is interested in joining the so-called Aviation Solution International Consortium (founded by ex-Malev employees) which competes with Russian KrasAir to acquire stock shares of Hungarian national Malev. LOT has already been invited by the above consortium.

Has anyone heard of this? This has been reported by Polish Press Agency (PAP) and can be read here (unfortunately only in Polish). Perhaps someone will find more English resources (Bloomberg is said to have reported this today as well).

Best regards
FAO


FAO - Flight Activities Officer
8 replies: All unread, jump to last
 
User currently offlineAriis From Poland, joined Sep 2004, 421 posts, RR: 1
Reply 1, posted (9 years 5 days 2 hours ago) and read 1991 times:

Just an update: a.net news service seems to have some articles about it.


FAO - Flight Activities Officer
User currently offlineHEGAN From Spain, joined Feb 2005, 211 posts, RR: 0
Reply 2, posted (9 years 5 days ago) and read 1889 times:

Maybe a fusion is too much, but I think it would have strategic sense. This could make survive Malev and will give the chance to LOT to become in one of the majors (if not the biggest) operator in Eastern Europe.

LOT operates Embraer ERJ135/145 + ERJ170 and Boeing B737 + B767 and Malev operates CRJ's and Boeing B737 + B767 which give us a fleet structure quite homogeneous, even if their regional airplanes supplier is not the same.

Agur,
Hegan



HEGAN: Euskadiko Aeronautikako eta Espazioko Clusterra
User currently offlinePolAir From United States of America, joined May 2001, 893 posts, RR: 2
Reply 3, posted (9 years 4 days 14 hours ago) and read 1751 times:

It seems to me that LOT will have lots of trouble surviving sudden increase of frequencies by LCC's to Poland. Where would a capital come from. Polish gov? No way.

User currently offlineDanny From Poland, joined Apr 2002, 3508 posts, RR: 2
Reply 4, posted (9 years 4 days 13 hours ago) and read 1719 times:

That's really laughable.

LOT should deal with internal problems first: losses, poor loads, and LCCs taking over the market. That's one.
Do they have excess cash to buy another airline? I don't think so. That's two.
Isn't Malev joining One World? LOT is in STAR. That's three.

 Yeah sure  Yeah sure  Yeah sure


User currently offlineAriis From Poland, joined Sep 2004, 421 posts, RR: 1
Reply 5, posted (9 years 3 days 17 hours ago) and read 1607 times:

Quoting Danny (Reply 4):
LOT should deal with internal problems first: losses, poor loads, and LCCs taking over the market.

Indeed. That is why I found the report so strange.

FAO



FAO - Flight Activities Officer
User currently offlineJoost From Netherlands, joined Apr 2005, 3161 posts, RR: 4
Reply 6, posted (9 years 3 days 17 hours ago) and read 1605 times:

Well, the reasons you mention as poor loads and LCCs taking over the market, should just qualify for a takeover / merger. Malev and LOT are in the same situation: have competition from SkyEurope and Wizz, are old national carriers trying to survive in the very competitive european airspace. SN went bust, SR too. The new LX was bought by LH, KL by AF... another consilidation seems likely.

That LOT is in Star and Malev about to join Oneworld, is not a real problem here I think. LX also was about to join oneworld but will now be in star.


User currently onlineL410Turbolet From Czech Republic, joined May 2004, 5669 posts, RR: 20
Reply 7, posted (9 years 3 days 17 hours ago) and read 1593 times:

How about merging LOT, CSA, Slovak Airlines and Malév into one and try to build some sort of Central European version of SAS? It would have domestic market of some 65 million pax with increasing purchase power.

User currently offlineSlawko From Canada, joined May 1999, 3799 posts, RR: 9
Reply 8, posted (9 years 3 days 17 hours ago) and read 1602 times:

It would work provided one is willing to hand over the atlantic traffic to the other and cooperate from two hubs WAW/BUD on the inter-european network. If they combined their Atlantic flying out of one place (WAW) then they may just be able to justify an A350/787 year round. As it is neither one of them needs that kind of capacity all the way through the year. They could effectively become a big player in Eastern and Central Europe provided they can keep costs low, integrate everything and operate as one airline. LOT - Eastern European Airlines....??


"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada
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