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Austrian Sold To LH  
User currently offlineRaptor72 From Switzerland, joined May 2004, 49 posts, RR: 0
Posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 15102 times:

On behalf of austrian gvt, AUA was sold to LH. Negotiation from now on only with LH. LH statement: No comment! More to come...
Source: Swiss Newspaper "Neue Zuercher Zeitung"

71 replies: All unread, showing first 25:
 
User currently offlineDelta763 From United States of America, joined May 2008, 287 posts, RR: 0
Reply 1, posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 15030 times:

The AFP article...

http://afp.google.com/article/ALeqM5hgkhzjdlKrvxprbsMSxhWd-_2EdA


User currently offlineCYatUK From United Kingdom, joined Apr 2006, 810 posts, RR: 0
Reply 2, posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 15022 times:

Wow!

If it is true and eventually Austrian goes to LH, Lufthansa will be controlling the majority of airlines in Central Europe.



CY@Uk
User currently offlineAlanUK From , joined Dec 1969, posts, RR:
Reply 3, posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 14979 times:

Very good news for both Lufthansa and Austrian airlines. LH was always the best suited buyer in my opinion, and they will probably try to integrate Austrian like they did with Swiss.

Lufthansa is quietly becoming a strong European player, who's next? Alitalia? Perhaps now that Austria's purchase is under its belt, LH will look at SAS again?


User currently offlineAdicool From Netherlands, joined Apr 2007, 298 posts, RR: 0
Reply 4, posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 14983 times:

You gotta give it to LH - they went shopping big time in the last months. First SN, then BD and now OS. Will be interesting to see how and when LH will start to trim services and incorporate the new hubs of BRU, LHR and VIE in their system and what role the will play within their respective niche.
Will LH own OS entirely?


User currently offlineGsosbee From United States of America, joined Jan 2005, 825 posts, RR: 0
Reply 5, posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 14956 times:

It didn't take the Austrians long to figure out which way the world is turning - good for them. The Italians whould take some lessons.

User currently offlineOta1 From Germany, joined Apr 2008, 398 posts, RR: 0
Reply 6, posted (5 years 8 months 2 weeks 3 days 22 hours ago) and read 14890 times:
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Quoting Adicool (Reply 4):
Will LH own OS entirely?

Well, LH is likely going to buyout all minority shareholders (they'll offer them around 4€ per share) however a 25% plus 1 share stake needs to remain in Austrian hands.


User currently offlineOa260 From Ireland, joined Nov 2006, 26853 posts, RR: 58
Reply 7, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14852 times:



Quoting AlanUK (Reply 3):
Very good news for both Lufthansa and Austrian airlines. LH was always the best suited buyer in my opinion, and they will probably try to integrate Austrian like they did with Swiss.

Very true and lets hope its as successful as the LX model.


User currently offlineKleinsim From Qatar, joined Jan 2007, 154 posts, RR: 0
Reply 8, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14834 times:

Can I just say... HOLY CRAP!!!!

I expected consolidation to occur but three airlines in one year? WOW (as in the expression, not LH's Cargo alliance)! While I guess they don't outright own OS with their 41.6% share that basically means there are some changes to be expected in OS's operations. First 777 under LH control  Smile

Kleinsim


User currently offlineBeaucaire From Syria, joined Sep 2003, 5252 posts, RR: 25
Reply 9, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14804 times:

That take-over will mean the chances for LH to participate in AZ /CAI restructuring are small ,since Brussels would impose a veto.
A good move for both airlines -despite the fact that many Austrians would have prefered a tie-up with Air France.



Please respect animals - don't eat them...
User currently offlineC010T3 From Brazil, joined Jul 2006, 3681 posts, RR: 19
Reply 10, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14785 times:

A Pan-Germanic airline is being born. Only SAS and Icelandair are missing. KLM is gone though.

Quoting Beaucaire (Reply 9):
That take-over will mean the chances for LH to participate in AZ /CAI restructuring are small ,since Brussels would impose a veto.

Thank God! I would hate to see LH involved in that mess. Let AF take care of AZ.

[Edited 2008-11-13 10:43:10]

User currently offlineBW424 From Trinidad and Tobago, joined Sep 2008, 1424 posts, RR: 1
Reply 11, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14755 times:

WHOA!!!!!!!

This is news!!!!!I guess they are on course to be one mega entity!It will be iinteresting to see the structure of EU air travel come next 3-5yrs.



It is what we think we know already that prevents us from learning.......
User currently offline413X3 From United States of America, joined Jul 2008, 1983 posts, RR: 0
Reply 12, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14687 times:

I don't see how this is good news, competition keeps prices down, consolidation does the opposite.

User currently offlineC010T3 From Brazil, joined Jul 2006, 3681 posts, RR: 19
Reply 13, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14574 times:



Quoting 413X3 (Reply 12):
I don't see how this is good news, competition keeps prices down, consolidation does the opposite.

LH and OS haven't been competitors for a long time now. The Austrian State was only piling up debt in face of OS's lack of competitiveness.

[Edited 2008-11-13 11:11:52]

User currently offlineHaggis79 From Germany, joined Jun 2006, 1096 posts, RR: 1
Reply 14, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14566 times:



Quoting C010T3 (Reply 10):
Thank God! I would hate to see LH involved in that mess. Let AF take care of AZ.

actually, I guess AF's chances of handling the mess successfully are somewhat larger than LH's - the French mentality is much closer to the Italian mentality than the German one...



300 310 319/20/21 332/3 343 AT4/7 143 B19 732/3/4/5/G/8/9 742/4 752/3 763/4 77E/W CR2/7/9 D95 E45/70 F50 F70 100 M11 M90
User currently offlineAirbazar From United States of America, joined Sep 2003, 8211 posts, RR: 10
Reply 15, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14533 times:



Quoting 413X3 (Reply 12):
I don't see how this is good news, competition keeps prices down, consolidation does the opposite.

That's only true if all the competing entities are profitable and operating on equal terms. Otherwise the taxpayers are the ones who continuously bail them out and there's nothing cheap about that.


User currently offlineCricket From India, joined Aug 2005, 2966 posts, RR: 7
Reply 16, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14527 times:

Wow - This will leave LH in a extremely strong, one could even say dominant position in some markets outside Europe. India for example where between between LH, LX and OS Lufthansa would rule the India-Europe market and with Indian carriers half-dead...


A300B2/B4/6R, A313, A319/320/321, A333, A343, A388, 737-2/3/4/7/8/9, 747-3/4, 772/2E/2L/3, E170/190, F70, CR2/7, 146-3,
User currently offlineIliriBDL From Germany, joined May 2007, 1205 posts, RR: 14
Reply 17, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14506 times:

Great news for both LH and OS.


delta.com
User currently offlineAustrianZRH From Austria, joined Aug 2007, 1363 posts, RR: 0
Reply 18, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14509 times:

Finally, thank god. The management of my national airline was simply unbearable... And they will stay in *A, yeah!

ORF videotext also reports the so far negotiated stuff conforms to EU law, so probably no problem there!



WARNING! The post above should be taken with a grain of salt! Furthermore, it may be slightly biased towards A.
User currently offlineTW741 From Liechtenstein, joined Sep 2004, 478 posts, RR: 0
Reply 19, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14426 times:

and in case the deal is finalized and contracts signed then LH is also a shareholder of Ukraine International Airlines since OS has a 22.5% stake in PS  Smile

For me the takeover is great news and I keep my fingers crossed that the deal is fixed and signed on December 5th without complications.



TWA - we showed you how good we have been!
User currently offlineFlyDreamliner From United States of America, joined Jan 2006, 2759 posts, RR: 15
Reply 20, posted (5 years 8 months 2 weeks 3 days 21 hours ago) and read 14386 times:



Quoting C010T3 (Reply 10):
A Pan-Germanic airline is being born. Only SAS and Icelandair are missing. KLM is gone though.

Very much true. Now that AZ is off the table and CAI has decided to work with AF, I believe that LH will start increasing its position with SAS and gradually pursue that route, though likely slowly, as the bulk of their attention no doubt will be the integration, restructure, and management of their new acquisitions.

Certainly the shared language, history, and culture to a great extent helps out LH in acquiring Swiss and Austrian.

I am very curious myself how LH will deal long term with Austrian's fleet. Somehow I feel like those 777s and 767s will quickly enough be sold and replaced with A330s and A340s, for sake of commonality.

Quoting Haggis79 (Reply 14):

Quoting C010T3 (Reply 10):
Thank God! I would hate to see LH involved in that mess. Let AF take care of AZ.

actually, I guess AF's chances of handling the mess successfully are somewhat larger than LH's - the French mentality is much closer to the Italian mentality than the German one...

It's true. France experiences labor actions and attitudes closer to Italy, and likewise culturally France and Italy do share more in common than Italy and Germany, in many cases. I think if anyone's management can make a success of AZ, it would be AF. It will be interesting to see how this partnership will be structured... especially since the long term nature of the KL acquisition is yet to totally come into focus.



"Let the world change you, and you can change the world"
User currently offlineOHLHD From Finland, joined Dec 2004, 3962 posts, RR: 25
Reply 21, posted (5 years 8 months 2 weeks 3 days 20 hours ago) and read 14146 times:

Not much surprise. It is very important to get rid of a big amount of uneccessary staff especially in the headquarter. With LH the political protection of a lot of people will be gone too which will be also necessary to get them back into black numbers.

Quoting Kleinsim (Reply 8):
First 777 under LH control

Not for long as they will be gone soon ( as per rumors LX A332 will come in instead) as well as the 767.


User currently offline777ER From New Zealand, joined Dec 2003, 12082 posts, RR: 18
Reply 22, posted (5 years 8 months 2 weeks 3 days 19 hours ago) and read 13970 times:
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FORUM MODERATOR

LH is fast becoming, if not already the Star Alliances biggest and most powerful member. Will SN now become a * member?

User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13738 posts, RR: 19
Reply 23, posted (5 years 8 months 2 weeks 3 days 19 hours ago) and read 13955 times:

Shocking.

LH certainly is taking advantage of its strong position in these troubling times.



Anyone can fly, only the best Soar.
User currently offlineTIALATI From Albania, joined Sep 2007, 72 posts, RR: 0
Reply 24, posted (5 years 8 months 2 weeks 3 days 19 hours ago) and read 13886 times:

Well done to LH for purchasing OS. Despite OS mishaps from their top management people I never wanted it to go down the drain, the same way I do not want AZ to disappear from the radar.

The irony of the fact is that LH have already declared that if they took over OS they'll replace all the OS Boeing fleet with A340/330.

Hehe OS going back to step one lol


25 FlyDreamliner : If the 777s and 767s go and are summarily replaced by ex Swiss A332s, it is probably only in the short term, as LH wanted to be done with those PW po
26 United787 : Can someone provide a run down of LH's involvement in these airlines? SN BD OS AirOne Others...
27 Myk : LH is ONLY in exclusive talks with OS. So, OS was not sold to LH by now. More discussions (especialy on a political an law(European Union) level) have
28 Janmnastami : LH is only a partner of AirOne, it's a commercial partnership or something like that. It will be interesting to see what will happen if the foreign p
29 AJO : And don't forget EN (Air Dolomiti)
30 Post contains links Icelandair : LX (100%) EW (99.9%) 4U (99.9%) DE (for now, at least) (something in the range of 25% I believe) EN (100%) soon to come: BD (80%) OS (75% - 1 share)
31 SKAirbus : I'm wondering what the EU will say about this... i think there is unfair competition now this region with Lufthansa dominating the German market (Air
32 Post contains images Columba : Wow Lufthansa owns 777 and 737NGs   PS I doubt that they will go soon, it will cost a lot of money to replace them and the economics of the 777 are r
33 PVG : I have noticed on all the LH flights out of MUC that I've taken, there seems to be a large contigent of Italian nationals travelling on those flights
34 DALCE : Don't they own some B6 shares also?
35 MadameConcorde : This is good news. I like LH, LX and OS and I use them a lot. I hope I will see the day when LH will buy off AF. Then I will start flying on AF again.
36 Ota1 : Yes, they do! LH owns a 19% stake in B6
37 DavidkunzVIE : They kept the Boeings because they were in desperate need of cash and the Airbus fleet could be sold at better prices. Bad move.
38 Wdleiser : Where do these latest assets Lufthansa has recently inherited put them in size compared to AF-KLM and Delta?
39 AustrianZRH : That is true for the 763s. The 77Es would have sold at an equal or even higher price than the 343s, though, I think.
40 OHLHD : OS is not sold yet. LH is the last one they talk to. They are finalizing the deal at the moment so I believe that only after a handshake between thei
41 Ncelhr : Having flown both Swiss & Austrian recently on several occasions, all I can say is that these are very good moves from LH. VIE, and more particularly
42 C010T3 : Don't forget LG with 13%!
43 Icelandair : Achtually you are right. JetBlue ist missing. Same goes for Sun Express. However I couldn't find any further information on these investments on LH's
44 UAL777UK : To say that LH is becoming the dominant force in Europe is an understatement!. B6 investmants aside in the States do you think they might look further
45 Post contains links C010T3 : Here is a small list: http://www.lufthansa-financials.de/s...vlet/PB/menu/1014488_l1/index.html Here is the big list: http://www.lufthansa-financials
46 NCB : LH can still get a minority stake in AZ if they want. "Special times call for special measures" There's still plenty of competition out there with Air
47 Thenoflyzone : So here is my question. LH, BD and OS all fly to EVN. Considering the size of the market, can we expect one or two of these airlines to stop service t
48 GuoTai : There is a natural cultural compatability LH: LX, OS, LG and I guess now SN with each airline able to operate as a module of the Mother Ship. Another
49 AirbusA6 : Not much long haul competition though in central europe. What percentage of the slots will the enlarged LH group hold at FRA,MUC,VIE and ZRH?
50 AirMale : Isn't it strange that some of the old Qualiflyer Airlines (SR/LX, SN, OS) now being back in the same alliance/ownership? hopefully history is not repe
51 R2rho : With MUC just some 230nm away, I can hardly see how VIE will develop into a competitive hub, as many here are wishfully dreaming about. It could be a
52 HT : Competition from an expanded MUC (I am talking about the third parallel runway here) will be stiff. However, MUC already is operating at its limits i
53 Post contains images Konstantinkoll : I'm not so convinced that it cannot work. Take a look at the map: both ZRH and VIE are South of Germany (and the Netherlands, Denmark, Finland, Norwa
54 SXDFC : LH from what I heard has an involvement with Aegean Airlines in Greece too! Is it me or is LH starting to conquer the world one airline at a time!
55 JoFMO : They codeshare, thats it!
56 NCB : Well, the thing is that if you consider longhaul only, the parameters are even more in favor of LH. For example, over the Atlantic, LH don't only hav
57 JoFMO : Because AF/KLM is still bigger than LH/LX/OS. SN does not add much to the picture. Maybe they would become the biggest with BM, but strengthening BA'
58 Columba : That is why LH can not allow AF-KLM to get a foot in the door. Even if VIE brings no additional value to LH as a new hub in that region. OS has a str
59 Leskova : While I also somehow don't see the B777s leaving quite yet, it would be nice to see them replaced by A330s... With all the feed LH gets into MUC thro
60 Thegivenone : Any idea what the implications of this will be to Austrian's service offering. Will we see a disappearance of DO&CO catering, for example?
61 Post contains links TW741 : According todays news LH's intentions are - to consolidate OS over the next 2 years to bring the airline back into the black figures till 2011 - OS ne
62 TW741 : what I know the contracts with Do&Co for catering will expire not before 2010. Whatever happens beyond that date - who nows. But I do not see LSG Sky
63 DavidkunzVIE : I guess that might mean a 330 (-200/-300?) order. How ironic. At the most that would mean cancelling between two and four destinations? Most likely d
64 TW741 : My guess is that within the first year we will not see too dramatic changes. But the 777 and 767 will not fit in a future fleet structure of the grou
65 GuoTai : Is it strange that [potential] plans for OS and SN are kind of public information, ...that the info a person might want is easily found or quite poin
66 Ota1 : I wouldn't read too much into this... while the acquisitions of SN and OS (well atleast of a stake in them) took/will take place this year, the BD de
67 LXA340 : Also the B737 NG's will be replaced with A32S planes but as far as I know this was anyway planned already by OS
68 DavidkunzVIE : That's a matter of discussion. It is hard to tell from how they act. They recently repainted their only 736 and one of their two 73Gs into OS c/s (th
69 Uzzzer : The rumor here is that OS will be looking for options to increase its stake at PS (other major stake holders are Ukrainian gov't and EBRD). PS is a w
70 LXA340 : Thats strange although on the other hand from deciding on what planes to buy until they will actually be ordered and then again delivered it will tak
71 TW741 : The first part of my posting (down to "I do think that selling OS to LH is the right and only move.") is a rough translation from German into English
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