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Market Rumor: Emirates To Buy BA?  
User currently offlineN1786b From United States of America, joined Sep 2005, 560 posts, RR: 17
Posted (8 years 6 months 2 weeks 1 day 5 hours ago) and read 9368 times:

I am just reporting this...

- n1786b

BA shares up on Emirates takeover talk
Thu Jun 15, 2006 8:29 AM BST

LONDON (Reuters) - Shares in British Airways gained 3.7 percent to 350 pence early on Thursday after speculation rival Emirates might be interested in a bid, possibly at around 450p a share, dealers said.

The shares topped the list of FTSE 100 index <.FTSE> gainers, despite a report that Emirates had denied the interest.

British Airways (BAY.L: Quote, Profile, Research) was not immediately available to comment.

http://today.reuters.co.uk/investing...ml&WTmodLoc=NewsArt-C2-AlsoToday-5

31 replies: All unread, showing first 25:
 
User currently offlineFloris From Netherlands, joined Jun 2003, 243 posts, RR: 0
Reply 1, posted (8 years 6 months 2 weeks 1 day 5 hours ago) and read 9346 times:

Whahahahaha
Is it April 1 yet?


User currently offlineChiad From Norway, joined May 2006, 1188 posts, RR: 0
Reply 2, posted (8 years 6 months 2 weeks 1 day 5 hours ago) and read 9311 times:

It was just reported on CNN as a rumour, and that's the reason for BA's share rise.

User currently offlineBCAL From United Kingdom, joined Jun 2004, 3384 posts, RR: 15
Reply 3, posted (8 years 6 months 2 weeks 1 day 5 hours ago) and read 9271 times:

It must just be a rumour based on the fact that EK is trying to buy some BA shares.

The rules and constitution of BA plc state that the airline must be majority owned by UK Nationals in order for the airline to maintain its status as a designated UK carrier. This can only be changed with full government approval as well as the approval of 100% of the shareholders. If BA's ownership falls into foreign hands, BA will lose this right and possibly many of their slots at LHR and also their right to fly between UK-US under BII, which would have adverse affects on the value of the airline. It would need more than all the petro-dollars in the world to get over all the obstacles, so the Sheiks can dream on about taking over BA.



MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
User currently offlineCurious From United Kingdom, joined Nov 2005, 236 posts, RR: 0
Reply 4, posted (8 years 6 months 2 weeks 1 day 5 hours ago) and read 9233 times:

Why would they want to any way, sure the have the US slots and a greater global reach. But the way EK is expanding and planning (fleet purchase etc) it will be a first class global airline and one that I think will be that at least in some respects be far superior to BA in the near future.

User currently offlineFlyjetstar From Australia, joined Feb 2006, 959 posts, RR: 0
Reply 5, posted (8 years 6 months 2 weeks 1 day 5 hours ago) and read 9221 times:

Quoting BCAL (Reply 3):
It would need more than all the petro-dollars in the world to get over all the obstacles, so the Sheiks can dream on about taking over BA.

Maybe they are aware of ways around these obstacles, if this is true of course. Isn't business about being creative, thinking outside of the box?


User currently offlineStarGoldLHR From Heard and McDonald Islands, joined Feb 2004, 1529 posts, RR: 1
Reply 6, posted (8 years 6 months 2 weeks 1 day 4 hours ago) and read 9138 times:

Emirates world domination begins.

I think this would be a good thing.



So far in 2008 45 flights and Gold already. JFK, IAD, LGA, SIN, HKG, NRT, AKL, PPT, LAX still to book ! Home Airport LCY
User currently offlineBilly From United Kingdom, joined Jul 2000, 895 posts, RR: 7
Reply 7, posted (8 years 6 months 2 weeks 1 day 4 hours ago) and read 9138 times:

There are ways around this, as LH has proven with the Swiss takeover. Whilst Swiss retains its privileges as a Swiss designated carrier, no one would argue that its owner is LH.

User currently offlineEA CO AS From United States of America, joined Nov 2001, 13763 posts, RR: 61
Reply 8, posted (8 years 6 months 2 weeks 1 day 3 hours ago) and read 8930 times:
Support Airliners.net - become a First Class Member!

Quoting StarGoldLHR (Reply 6):
Emirates world domination begins.

Not without their Whalejet order though...  Wink



"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan
User currently offlineChrisNH From United States of America, joined Jun 1999, 4165 posts, RR: 2
Reply 9, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8885 times:

BA is nothing but excess baggage for a carrier like Emirates. No good can come of saddling Emirates with such an enormous, sloth-like entity. Yes, to all you BA-lovers out there...they are a good airline. But in buying the airline, Emirates would be getting that 'good' plus a WHOLE lot of 'bad.'

Deal...or no Deal?

NO DEAL!!

Chris in NH


User currently offlineCandid76 From United Kingdom, joined Apr 2005, 743 posts, RR: 4
Reply 10, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8854 times:

Wonderful, Manchester's favourite airline buys London's favourite airline, then they can convert all the 777s to "high density" config and move them to MAN building a world class hub here...

Ah well, one can dream


User currently offlineZen100 From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8839 times:

I don't know what is happening to the British, if they allow everyone to buy them up like this. They will get to a point, where they will own nothing of value, be just consumers. So sad.

ProudQatari


User currently offlineBCAL From United Kingdom, joined Jun 2004, 3384 posts, RR: 15
Reply 12, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8767 times:

Quoting Zen100 (Reply 11):
the British, if they allow everyone to buy them up like this. They will get to a point, where they will own nothing of value

A very true statement and this is coming from a Brit. I think that our politicians and others are driven by greed which means they do not consider the long-term effects. For example, much of the UK's energy is the south east now comes from France following the sell-out to French power giants on whom we are now dependant. When supplies get low, there is little doubt who the French will cut off first. On top of this, we have BAA selling their airports to a Spanish consortium and now a rumour that our National airline will be brought by the Sheiks.



MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
User currently offlineZen100 From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8706 times:

Quoting BCAL (Reply 12):
long-term effects

Spot on. It is a lack of strategic long term planning on the part of your planners. But it is also a apathy on the part of the British. I'm shocked no one raised any dissent over the spanish takeover of this key asset. There was no voices rasied, no discussions, it was just approved and it went through. Strange place.

ProudQatari


User currently offlineAntskip From Australia, joined Jan 2006, 936 posts, RR: 6
Reply 14, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8665 times:

Quoting ChrisNH (Reply 9):
BA is nothing but excess baggage for a carrier like Emirates.

EK would be going against it's so-far basic principles of not code-sharing or buying out old wood if they were to swallow a huge entity like British. Sri Lankan: yes - worthwhile. NZ? that would be a useful acquisition. British? - I would think too much duplication and baggage they don't need. Could it happen? Anything can happen. It would certainly put the cat amongst the pigeons, eh?! I don't expect it.


User currently offlineBCAL From United Kingdom, joined Jun 2004, 3384 posts, RR: 15
Reply 15, posted (8 years 6 months 2 weeks 1 day 2 hours ago) and read 8648 times:

Quoting Zen100 (Reply 13):
I'm shocked no one raised any dissent over the spanish takeover of this key asset. There was no voices rasied, no discussions, it was just approved and it went through. Strange place.

Actually there were many objections and questions were asked in the House of Commons but at the end of the day they were ineffective or ignored.

BAA plc, which owns the airports, is a public limited company owned by shareholders who voted on the issue. The vote must have been in favour of the takeover, otherwise it would not have gone ahead. Again, this proves that people (i.e. the BAA investors which include corporations as well as individuals) are driven by short-term greed rather than the long-term effects.

As to why the UK Government did not step in to stop a British institution becoming foreign-owned, I cannot offer any explanation but most of our politicians do not have their heads screwed on their bodies these days.



MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
User currently offlineConcorde001 From United Kingdom, joined Jan 2005, 1230 posts, RR: 3
Reply 16, posted (8 years 6 months 2 weeks 1 day 1 hour ago) and read 8614 times:

Emirites Bid For BA? (by ANother Jun 15 2006 in Civil Aviation)

Emirates have said they are not interested in buying BA.


User currently offlineZen100 From , joined Dec 1969, posts, RR:
Reply 17, posted (8 years 6 months 2 weeks 1 day 1 hour ago) and read 8586 times:

Next thing we will hear is that QR will buy Lufthansa?

ProudQatari


User currently offlineScbriml From United Kingdom, joined Jul 2003, 12897 posts, RR: 46
Reply 18, posted (8 years 6 months 2 weeks 1 day 1 hour ago) and read 8474 times:
Support Airliners.net - become a First Class Member!

Quoting Zen100 (Reply 13):
It is a lack of strategic long term planning on the part of your planners.

There's your problem - the assumption that anything is planned! crazy 



Time flies like an arrow, but fruit flies like a banana! #44cHAMpion
User currently offlineParabolica From Spain, joined Mar 2006, 85 posts, RR: 14
Reply 19, posted (8 years 6 months 2 weeks 1 day 1 hour ago) and read 8436 times:

EXCELLENT !

Maybe under EK ownership those bums at BA won't be so cocky next time they lose my luggage and actually answer the phone.

P-



oh please let there never be cell phones in airliners...
User currently offline74472 From United Kingdom, joined Jun 2006, 117 posts, RR: 0
Reply 20, posted (8 years 6 months 2 weeks 22 hours ago) and read 8211 times:

Quoting ChrisNH (Reply 9):
No good can come of saddling Emirates with such an enormous, sloth-like entity.

I'm glad you think BA is a good airline. (LOL) I'm not sure though that an airline that is currently the most profitable in the world could be described as 'sloth-like'. Any very large airline with roots and history as deep as BA's is bound to have to face and react to change slowly.

I think 'veteran' is a better description. Don't you ?

Tell me please what EK will do with their 43 A380's when heaven forbid another international incident rocks this industry. Surely there can't be that many disgruntled PAX out there willing to trudge through DXB to save a buck?


User currently offlineZen100 From , joined Dec 1969, posts, RR:
Reply 21, posted (8 years 6 months 2 weeks 22 hours ago) and read 8193 times:

Quoting 74472 (Reply 20):
EK will do with their 43 A380's

No one is privy to their business plan. Which I can assure they do very well have.
Otherwise they would not have ordered them.

ProudQatari


User currently offlineShamrock350 From Ireland, joined Mar 2005, 6373 posts, RR: 14
Reply 22, posted (8 years 6 months 2 weeks 21 hours ago) and read 8080 times:

Quoting Concorde001 (Reply 16):
Emirates have said they are not interested in buying BA

That's because they are after Aer Lingus instead  Wink


User currently offlineScotron11 From United Kingdom, joined Feb 2004, 1178 posts, RR: 3
Reply 23, posted (8 years 6 months 2 weeks 21 hours ago) and read 8080 times:

Quoting Zen100 (Reply 11):

I don't know what is happening to the British, if they allow everyone to buy them up like this. They will get to a point, where they will own nothing of value, be just consumers

I can also say I am proud to be in a country which doesn't have "protectionist" and "jingoistic" barriers to a free market economy! Maybe that's why London is one of the major financial capitals of the world.

So what if BA is foreign owned, or BAA for that matter?


User currently offlineZen100 From , joined Dec 1969, posts, RR:
Reply 24, posted (8 years 6 months 2 weeks 21 hours ago) and read 8069 times:

Quoting Scotron11 (Reply 23):

I replied to a similar point in another thread.

Quoting MaartenV (Reply 13):
Reality is that the world is turning more and more into a global economy, in which you need economies of scale and a focus on consumers to survive and thrive.

Sure. By now, we have largely all taken in the Globalistation show. Qatar, where I'm from, is pretty now the standup model for it anywhere in the world right now. I think where our British friends, are in now, is something else. It's open door globalisations. The danger for the British, is where it just becomes a one-way door. If you don't own anything, but just consume all the time, you put yourself into a position where the terms of the trade are being decided outside of your control.

A case in point is the energy sector in the UK, a British postes 'BCAL' already made a note that the sector in the south of the UK is much in the hands of the French. Now god forbid, supplies become squeezed, who will the French cut of first? How you control the situation, what power do you have?

ProudQatari


25 Concorde001 : The Guardian estimate that the takeover of BAA by Ferrovial, and the resulting £7bn debt that weighs on BAA's accounts, means that the government wi
26 Voodoo : Dear Emirates: I'll be happy to sell my 100 BA shares at 450p each. Just let me know. Yours sincerely, Voodoo
27 Scotron11 : Also Ferrovial are not promising to continue with the 'Heathrow East' project, which would have transforme Heathrow's central area into a world class
28 EK345 : I do not think it's a good move on Emirates part if this is true... there are much better investments out there. EK345
29 Rwylie77 : I'm sorry but you clearly don't understand a free market economy. These assets are publicy limited companies that the government has no influence on.
30 Post contains images Propulsion : ...so this explains the the 45 A380's!!!
31 Kaitak744 : Well, the only reason EK would want to buy BA is to get a huge amount of valuable slots at Heathrow. Other wise, this is just insane.
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