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Future Strategy Of Air France?  
User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 24
Posted (6 years 9 months 3 weeks 4 days 12 hours ago) and read 3523 times:

Air France have been involved recently in two major attempts to enlarge and strengthen their position,by launching a bid for AZ and their desire to invest 750M$ in a future Delta/NW alliance.
None of both actions so far have been successful ,even id the AZ bid will be officialized on march 14th by a binding offer.
Also Cyril Spinetta will leave Air France governance in October and will most likely be replaced with AF's current GM,Pierre-Henri Gourgeon.Will Paul -Henri be different in strategy than Cyril ?
So what if neither the AZ bid will succeed,because the Italians simply don't want AF to take over AZ ( Italy's future new-old Berlusconi is a fervent defender of an Italian Solution" ) and the Delta-NW merger will get killed by unions ?
Air France have tons of cash to invest (like Lufthansa ) but have never indicated any real preference to bid for Iberia or any other major airline outside Europe,shouldthe AZ bid fail.
So what's the options to grow larger by acquisitions??

[Edited 2008-03-09 00:20:33]


Please respect animals - don't eat them...
3 replies: All unread, jump to last
 
User currently offlineFlySSC From United States of America, joined Aug 2003, 7428 posts, RR: 57
Reply 1, posted (6 years 9 months 3 weeks 4 days 10 hours ago) and read 3440 times:



Quoting Beaucaire (Thread starter):
Also Cyril Spinetta will leave Air France governance in October and will most likely be replaced with AF's current GM,Pierre-Henri Gourgeon.

Source ?
No official information of this kind has been published. This is pure speculation.

Quoting Beaucaire (Thread starter):
the Italians simply don't want AF to take over AZ ( Italy's future new-old Berlusconi is a fervent defender of an Italian Solution" )

Berlusconi may be "against" the AF solution, he is not, for the moment, in charge of the Italian Gov. And in any case he will have to consider that most of AZ staff is in favour of the AF solution, particularly the powerful Pilots & F/A Unions.

New information is to be released next March 14th.

The "Iberia case" is still under study and is not abandoned by AF ...


User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 24
Reply 2, posted (6 years 9 months 3 weeks 4 days 10 hours ago) and read 3400 times:



Quoting FlySSC (Reply 1):

Source ?
No official information of this kind has been published. This is pure speculation.

Sure it is pure speculation,but then 75% of all news are pure speculation at their very early stage ..
If newspapers like "La Tribune" and "Le Figaro" do speak about it,it is somewhat more than pure rumour.

https://www.boursorama.com/forum/message.phtml?file=371103220&pageForum=1

And what will happen if North-West and Delta do not come to an agreement -will there be consequences ?(KLM being strongly tied to NW,while AF is tied to Delta )



Please respect animals - don't eat them...
User currently offlineFlySSC From United States of America, joined Aug 2003, 7428 posts, RR: 57
Reply 3, posted (6 years 9 months 3 weeks 4 days 9 hours ago) and read 3362 times:



Quoting Beaucaire (Reply 2):
And what will happen if North-West and Delta do not come to an agreement -will there be consequences ?(KLM being strongly tied to NW,while AF is tied to Delta )

Well, I am not very into the "what if" things ... What I can see is that this DL/NW merge is 95% sure to happen (of course one can still say "What if the 5 % ...."). I know AF pushed hard into this direction and declared being ready to invest money in the new airline DLNW (of course only a"symbolic" investment for the moment considering the US laws).
It is also very likely that CO, who has never really been very "active" within SkyTeam will get closer to AA or UA and should leave Skyteam sooner or later.

Back to the "Spinetta case", I don't think he will leave AF's presidency so soon. The merging process with KLM is not achieved yet ... a lot things will change in the 5 coming years and though Gourgeon is as capable as Spinetta, it would sound more logical that Spinetta remains the CEO until he can conclude what he has successfully initiated.


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