SQ773 From Spain, joined Apr 2005, 179 posts, RR: 0 Posted (5 years 8 months 4 weeks 17 hours ago) and read 7130 times:
Of course it sounds completely weird and, IMO unthinkable.
Sorry, the link is only in spanish. For those of you speaking spanish, you have to read the fourth paragraph. Basically it says that due to the rumours about EK interested in LH, LH´s shares have increased 0.9 %.
ANother From , joined Dec 1969, posts, RR: Reply 2, posted (5 years 8 months 4 weeks 17 hours ago) and read 7097 times:
Not possible. LH would need to be 50% German owned to retain traffic rights between German airports and non-EU countries. (They would need to be 50% owned by EU nationals to retain their traffic rights within the EU (and between EU and USA))
Cross-boarder mergers/acquisitions are simply not possible in today's regulated environment.
If people are buying up shares on this speculation, they haven't done their homework.
PanHAM From Germany, joined May 2005, 7751 posts, RR: 26 Reply 3, posted (5 years 8 months 4 weeks 15 hours ago) and read 6810 times:
Last checked a minute ago the share traded 0,4% less and the DAX is losing overall, not much but the usual weekend cash-ins.
As mentioned before, LH needs to be majority owned by German nationals. LH shars are name shares and any trading is valid onöly after the nationality of the buyer is verified. The correct term is "vinkulierte Namensaktien" which translates into name shares with restrictd transferrability,
That does not help the shareholders value and by all standards, LH is under valued.
This news is no news, if someone would really buy up shares, the pruce would rise in the double digists. I will sell mine to EK at € 75,00
Musapapaya From United Kingdom, joined Apr 2004, 1002 posts, RR: 0 Reply 5, posted (5 years 8 months 4 weeks 14 hours ago) and read 6543 times:
No way, who EK thinks they are? No offense but they yet have to grow to match the size of BA or LH... Might be in 10 or 15 years they will be more sizeable but in the moment, no... it wont happen.
YOWza From Canada, joined Jul 2005, 4781 posts, RR: 17 Reply 6, posted (5 years 8 months 4 weeks 12 hours ago) and read 6290 times:
Quoting ANother (Reply 2): Not possible. LH would need to be 50% German owned to retain traffic rights between German airports and non-EU countries. (They would need to be 50% owned by EU nationals to retain their traffic rights within the EU (and between EU and USA))
I'm sure at least one member of the Maktoum family has a German passport but even if they didn't getting one is a relatively trivial task for those with money. That said, this is total BS. LH is not changing hands any time soon.
TKV From , joined Dec 1969, posts, RR: Reply 7, posted (5 years 8 months 4 weeks 11 hours ago) and read 6218 times:
Quoting SQ773 (Thread starter): Has anyone heard somethig about this before ?
Yes. But not as El Pais writes it. EK tries to get a hub in Europe and by buying a stake in an airline (not the airline itself!) they seem to think this would be achievable..
Of course, as many of the ideas of EK (showers !!) this makes little sense, because if they wanted to follow this road the could choose smaller national airlines and anyway, the EU will never allow such!
It's not an issue of "who EK thinks they are".....of course, at this moment I think EK buying LH is very far-fetched, but times can change and if they end up buying a major stake in LH or any other large airline in future, one should not question who they think they are.....these are financial and business decisions and not about ego....
PanHAM From Germany, joined May 2005, 7751 posts, RR: 26 Reply 10, posted (5 years 8 months 4 weeks 11 hours ago) and read 6094 times:
Quoting YOWza (Reply 6): I'm sure at least one member of the Maktoum family has a German passport
Welcome to the world of the German taxpayers, Mr.Al Makhtoum. That would be the catch and our finance minister would love it. No way any of the guys picks up a German passport and then has to prove that he did not live 180 days of a year here and therefore is liable to pay taxes and the Emirates and Germany do NOT have a double taxation agreement.
No, this whole thing is far from reality and the Emiris will need all hands on to make sure that their bubble does not burst and to fill 6 runwqays and a 120 Mio pax/pa terminal and all that.
YOWza From Canada, joined Jul 2005, 4781 posts, RR: 17 Reply 12, posted (5 years 8 months 4 weeks 9 hours ago) and read 5129 times:
Quoting TKV (Reply 7): Of course, as many of the ideas of EK (showers !!) this makes little sense, because if they wanted to follow this road the could choose smaller national airlines and anyway, the EU will never allow such!
The EU would have little objection to EK picking up a small carrier, I'm not sure why you think they would.
Quoting PanHAM (Reply 10): No way any of the guys picks up a German passport and then has to prove that he did not live 180 days of a year here and therefore is liable to pay taxes and the Emirates and Germany do NOT have a double taxation agreement.
If there is no double taxation treaty what relevance does the 180 days have? I know several German nationals living in the UAE only one of whom pays German tax. That's the beauty of law, almost anything can be circumvented, just look at Virgin America.
Adicool From Netherlands, joined Apr 2007, 261 posts, RR: 0 Reply 13, posted (5 years 8 months 4 weeks 8 hours ago) and read 4852 times:
Wait, hold on, EK buying LH? It isn't 1st of April yet, now is it?
Sorry, but this is complete BS. And tough EK might have the financial resources in order to buy shares in LH, this would never materialize - bc it does have something to do with ego. LH are a way too known and proud carrier.
I could see EK rather buying smaller carriers like BrusselsAir or JK, but definitely not LH, AF/KL or BA.
I'm holding my breath for EK to announce plans to buy shares in IB and AZ - now this is something I could believe!
Adicool From Netherlands, joined Apr 2007, 261 posts, RR: 0 Reply 15, posted (5 years 8 months 3 weeks 6 days 23 hours ago) and read 2671 times:
I have to say tough...
The idea of EK buying AZ doesn't seem to be so weird after all...
they are lookig for a European hub - FOC is great for their demands...they could establish themselves even more in the European aviation industry and I also think EK has the financial power to make AZ a world wide carrier
PanHAM From Germany, joined May 2005, 7751 posts, RR: 26 Reply 16, posted (5 years 8 months 3 weeks 6 days 19 hours ago) and read 2036 times:
Quoting YOWza (Reply 12): If there is no double taxation treaty what relevance does the 180 days have? I know several German nationals living in the UAE only one of whom pays German tax. That's the beauty of law, almost anything can be circumvented, just look at Virgin Amer
Talk toBoris Becker and see what his experience was. It depends on where your center of living is, when you run a business in Germany as a German citizen and have your home in the UAE, the tax guys are on your back. Becker was toruing the ATP World in his best days and I bet he was out of the country for more than 180 days, still, he could not prove it and they slapped the bill over him.
Quoting Adicool (Reply 15): they are lookig for a European hub - FOC is great for their demands...they could establish themselves even more in the European aviation industry and I also think EK has the financial power to make AZ a world wide ca
Reagrdless if AZ of any other carrier. The working environment in Europe is so completely differement from what they have in the UAE that any Europe based venture thay would start would not be the same success.
Nycaviator From United States of America, joined May 2007, 55 posts, RR: 0 Reply 17, posted (5 years 8 months 3 weeks 6 days 12 hours ago) and read 1541 times:
I would put my money on LH NOT being bought out by anyone.
Flying is like having eyes on the top of the world.
United Airline From Hong Kong, joined Jan 2001, 8792 posts, RR: 17 Reply 18, posted (5 years 8 months 3 weeks 5 days 13 hours ago) and read 1295 times:
Absolutely no way. LH is too profitable for anyone to buy up. And the current regulation does not allow such takeover. And I doubt EK can afford to buy LH which is so much bigger.
United Airline From Hong Kong, joined Jan 2001, 8792 posts, RR: 17 Reply 19, posted (5 years 8 months 3 weeks 5 days 13 hours ago) and read 1262 times:
And I doubt they have the resources to run Lufthansa.
It will become another Air New Zealand takeover of Ansett Australia
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