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Finnair Interested In Buying Parts Of SK  
User currently offlineLordHowe From Finland, joined Jan 2003, 728 posts, RR: 1
Posted (8 years 3 months 2 days 9 hours ago) and read 4856 times:

According to a swedish newspaper Börsen, Finnairs CEO Jukka Hienonen wishes that SAS would be sold to capital investors and then split into smaller pieces that could be sold.

Finnish TV-channel MTV3 tells on its web-page that according to Danish newspapers Finnair is interested in buying certain parts of SAS - which parts, is not mentioned in the article. The new government coalition which won the election two weeks ago in Sweden has expressed its interest in selling the shares owned by Swedish government.

Best regards,
LordHowe


Lord Howe Island - The Last Paradise
19 replies: All unread, jump to last
 
User currently offlineBlackadder From Finland, joined Dec 2000, 17 posts, RR: 0
Reply 1, posted (8 years 3 months 2 days 8 hours ago) and read 4790 times:

Hello,

Less than ten years ago it was SAS that was interested in buying Finnair and speculations were high. Times they change, don´t they?

Blackadder


User currently offlineSomeone83 From Norway, joined Sep 2006, 3516 posts, RR: 3
Reply 2, posted (8 years 3 months 2 days 6 hours ago) and read 4667 times:

Won't happen. Just as AY wasn't interested in SK's offer 10 years ago, SK isn't interested in AY's offer this time.

The whole thing is a show-off!


User currently offlineJaws707 From United States of America, joined Aug 2001, 708 posts, RR: 1
Reply 3, posted (8 years 3 months 2 days 6 hours ago) and read 4632 times:

It would be interesting if they bought the SAS longhaul division. They would get the A330's and A340's that would fit well in their fleet, and have two main hubs, one at CPH and the other at HEL, while the intercontinental routes from ARN and OSL would be changed to either CPH or HEL. Would make for a much larger carrier. Just speculation, but it would have potential to suceed I think.

User currently offlineN328KF From United States of America, joined May 2004, 6491 posts, RR: 3
Reply 4, posted (8 years 3 months 2 days 6 hours ago) and read 4623 times:

What a fascinating turn of events. Once the hunter...


When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
User currently offlineSomeone83 From Norway, joined Sep 2006, 3516 posts, RR: 3
Reply 5, posted (8 years 3 months 2 days 5 hours ago) and read 4593 times:

Quoting Jaws707 (Reply 3):
It would be interesting if they bought the SAS longhaul division.

SAS won't sell their long-haul division unless they are at the edge of bankruptcy, something they aren't (although their economy is in bad shape). SAS is planning to raise $ by selling of their hotels and then expand their long-haul fleet


User currently offlineZRHnerd From , joined Dec 1969, posts, RR:
Reply 6, posted (8 years 3 months 2 days 5 hours ago) and read 4547 times:

Quoting Someone83 (Reply 5):
unless they are at the edge of bankruptcy, something they aren't

They ain't far from it though.


User currently offlineKevin777 From Denmark, joined Sep 2006, 1173 posts, RR: 1
Reply 7, posted (8 years 3 months 2 days 5 hours ago) and read 4540 times:

Quoting Jaws707 (Reply 3):
It would be interesting if they bought the SAS longhaul division. They would get the A330's and A340's that would fit well in their fleet, and have two main hubs, one at CPH and the other at HEL, while the intercontinental routes from ARN and OSL would be changed to either CPH or HEL

After 9-11 SAS has not had any intercon from OSL. I could never see AY buy SAS Intercon, but should it be the case I think ARN would be a better place to have the 2nd hub than HEL; they're fairly close and ARN would have a much larger O-and-D market than HEL...

Anyway I would absolutely hate to see AY - or any other - buy SAS intercon!!..

Kevin777



"I was waiting for you at DFW, but you must have been in LUV" CPH-HAM-CPH CR9
User currently offlineSomeone83 From Norway, joined Sep 2006, 3516 posts, RR: 3
Reply 8, posted (8 years 3 months 2 days 5 hours ago) and read 4532 times:

Quoting Kevin777 (Reply 7):
After 9-11 SAS has not had any intercon from OSL

Actually the OSL-EWR, which was the only IC route flown from OSL (and FBU) for decades was closed down after 9-11, then to be opened again and then being shut down again after been flown with a 333 for a while, in March 2004. I flew this route on their second last flight in 2004.....


User currently offlineAndaman From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 3 months 2 days 3 hours ago) and read 4416 times:

Boarding.no says it is the longhaul part Finnair is interested in - if SAS would be sold to capital investors first and split to smaller pieces, as mentioned here. Finnair's CEO says there that he thinks Nordic markets will see some major changes in future anyway.

Rather than splitting SAS, it would be cool to see SK and AY joining together in harmony and making a totally new company, something like Nordic United  Smile ...EU wouldn't allow such a monopoly though.


User currently offlineDL Widget Head From United States of America, joined Apr 2000, 2100 posts, RR: 5
Reply 10, posted (8 years 3 months 2 days 3 hours ago) and read 4401 times:

Might they be interested in SK's Flight Academy? I heard that SK is shopping that division around.

User currently offlineSomeone83 From Norway, joined Sep 2006, 3516 posts, RR: 3
Reply 11, posted (8 years 3 months 2 days 2 hours ago) and read 4364 times:

Quoting Andaman (Reply 9):
Rather than splitting SAS, it would be cool to see SK and AY joining together in harmony and making a totally new company, something like Nordic United ...EU wouldn't allow such a monopoly though.

Why, when they allowed LH/LX and AF/KL can't I see why SK/AY should be allowed? (Although they probably would have to sell Blue1)


User currently offlineAndaman From , joined Dec 1969, posts, RR:
Reply 12, posted (8 years 3 months 2 days 2 hours ago) and read 4333 times:

Quoting Someone83 (Reply 11):

Why, when they allowed LH/LX and AF/KL can't I see why SK/AY should be allowed? (Although they probably would have to sell Blue1)

True but the markets are different though, up here in North the markets are smaller with less competition anyway. But maybe with some arrangements and with the new attitude... I can picture the Nordic United already  Smile


User currently offlineH123_321 From Finland, joined Feb 2001, 5 posts, RR: 0
Reply 13, posted (8 years 3 months 2 days ago) and read 4239 times:
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I wouldn't be surprised to see Finnair buy Blue 1.

Although passenger figures have grown for both companies, competition in the domestic market keeps load factors down and lowers prices. Blue 1 is likely to gain more market share in the future as well.

It would seem logical for Finnair to buy again its closest competitor.


User currently offlineLordHowe From Finland, joined Jan 2003, 728 posts, RR: 1
Reply 14, posted (8 years 3 months 1 day 13 hours ago) and read 4092 times:

Quoting H123_321 (Reply 13):
I wouldn't be surprised to see Finnair buy Blue 1.

I would rather see Blue1 taking over at least part of SAS long haul - would bring some competition to Finnairs Asia traffic.

It could be a natural way for Blue1 to expand. They started as Air Botnia with very small planes, then growed to Blue1 with Saab 2000 and Avro 85-100 with now also flying with three MD90s. Maybe the next step could be to buy some of SAS widebody airbuses and start flights between HEL and Far East Asia.

Just a thought ...  yes 

Regards,
LordHowe



Lord Howe Island - The Last Paradise
User currently offlineKevin777 From Denmark, joined Sep 2006, 1173 posts, RR: 1
Reply 15, posted (8 years 3 months 1 day 13 hours ago) and read 4084 times:

Quoting LordHowe (Reply 14):
It could be a natural way for Blue1 to expand. They started as Air Botnia with very small planes, then growed to Blue1 with Saab 2000 and Avro 85-100 with now also flying with three MD90s. Maybe the next step could be to buy some of SAS widebody airbuses and start flights between HEL and Far East Asia.

Mixing short-haul price-focused travel with long-haul would not be a good idea in my opinion... Also, HEL could never support two long-haul airlines based there.. In addition to this, SAS is trying to build up a bit more long-haul from ARN, so... However, AY could need some competition on long-haul judging by the fares they have on HEL-Far East as compared to fares e.g. CPH-HEL-Far East (often much cheaper) - for instance, I could definitaly see TG start a 3-5 times weekly service BKK-HEL with a smaller a/c, say an A330. They have been expanding a lot on Scandinavia (CPH and ARN) in recent years, and they've talked about Oslo as well. Also, there would be no alliance "issues" since TG/AY are in different alliances.

By the way, have to congratulate AY on their Asia success in recent years!!
 thumbsup 

Kevin777



"I was waiting for you at DFW, but you must have been in LUV" CPH-HAM-CPH CR9
User currently offlineAndaman From , joined Dec 1969, posts, RR:
Reply 16, posted (8 years 3 months 1 day 3 hours ago) and read 3865 times:

Quoting Kevin777 (Reply 15):

AY could need some competition on long-haul judging by the fares they have on HEL-Far East as compared to fares e.g. CPH-HEL-Far East (often much cheaper)

Kevin777

Yes generally AY keeps higher fares on HEL-Asia but also offering some very good deals regulary, 400-500e to China and Japan return for example, at the moment HEL-BKK 400e.
Last year I got HEL-BKK-HEL for 500e.

Quoting Kevin777 (Reply 15):

I could definitaly see TG start a 3-5 times weekly service BKK-HEL with a smaller a/c, say an A330. They have been expanding a lot on Scandinavia (CPH and ARN) in recent years, and they've talked about Oslo as well. Also, there would be no alliance "issues" since TG/AY are in different alliances.

Kevin777

Would be great to see TG in HEL, a good alternative.
That would sure change AY's timetabels, they will fly to BKK twice a day next winter...


User currently offlineTheAviatorCPH From Denmark, joined Oct 2006, 14 posts, RR: 0
Reply 17, posted (8 years 3 months 2 hours ago) and read 3613 times:

Quoting ZRHnerd (Reply 6):
They ain't far from it though.

True, SAS has'nt been able to post very impressive results in the past years, but imminent bankruptcy is far-fetched. Currently, the SAS Group's shareholder's equity amounts to 11,800 mSEK (more than 1,6 billion USD) - not a negligible sum. In addition SAS' net income for Q1-Q2 2006 reaches 553 mSEK (73 mUSD) - not spectacular in numbers, but for the first time in many years SAS is back in black.

[Edited 2006-10-01 20:25:45]

User currently offlineBA787 From United Kingdom, joined Jun 2006, 2596 posts, RR: 7
Reply 18, posted (8 years 2 months 2 weeks 2 days 2 hours ago) and read 3199 times:

It would be a crsacking prospect if they did, but would AY stay with oneworld and move SAS over?

User currently offlineKevin777 From Denmark, joined Sep 2006, 1173 posts, RR: 1
Reply 19, posted (8 years 2 months 2 weeks 2 days 1 hour ago) and read 3175 times:

Quoting BA787 (Reply 18):
It would be a crsacking prospect if they did, but would AY stay with oneworld and move SAS over?

I cannot at all see SK leaving Star.. let alone see AY buy (significant parts of) SAS. Just like AA and BA are the big brothers of Oneworld, SK is also in the bigbrother group of Star, and one of the founders. AY might be a somewhat important cornerstone - literally - of Oneworld, however, in terms of size AY doesn't have much of a say. Maybe they could have more power joining forces with SK, but I think there would be larger benefits for them if they joined Star.

However, EU probably wouldn't be very happy about that, since OS/LX/LH/SK already have a "Star-wall" down through Europe; plus Lot, AirBaltic and Estonian (and Blue1) - Finnair is one of the very few airlines that keep competition in Central/Northern Europe/Baltics alive alliance wise!

Kevin777



"I was waiting for you at DFW, but you must have been in LUV" CPH-HAM-CPH CR9
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