TFFIP From United States of America, joined Nov 2008, 203 posts, RR: 0 Posted (5 years 5 months 2 days 9 hours ago) and read 5326 times:
Read today (via Google news) that LH is re-negotiating the BD take over - expected now for June. The sum of money must (?) have been a set amount at the time of the initial deal so what sorts of things would be re-negotiated? Interesting time.
AIR MALTA From Malta, joined Sep 2001, 2499 posts, RR: 1
Reply 4, posted (5 years 5 months 2 days 5 hours ago) and read 4655 times:
Quoting Hotelmode (Reply 3): They dont have a choice. Sir Michael Bishop had an option to force LH to buy him out at this stage and took it.
And what are they going to do with it??? I don't think Sir Michael Bishop is happy to see its BD stationed at T2 flying to TXL and MXP on behalf of LH. I am afraid BD is going to be ultimately dismantled and its assets (slots) distributed to *A airlines... Oh, they might keep some UK and Ireland feed.
Bwaflyer From United Kingdom, joined Jun 2004, 689 posts, RR: 0
Reply 7, posted (5 years 5 months 2 days 4 hours ago) and read 4441 times:
Quoting AIR MALTA (Reply 4): And what are they going to do with it??? I don't think Sir Michael Bishop is happy to see its BD stationed at T2 flying to TXL and MXP on behalf of LH. I am afraid BD is going to be ultimately dismantled and its assets (slots) distributed to *A airlines... Oh, they might keep some UK and Ireland feed.
I think bmi's demise is always vastly overstated. There's a huge amount of investment, reorganisation, and upgrading going on at the moment. New midhaul catering went live a couple of days ago, several of the older bmed aircraft are receiving seating / IFE upgrades, lounges are being upgraded at LHR with a new international lounge opening shortly, new chauffer drive service introduced across the mid haul network, new premium check in are in T1 opening in April, new upgraded short haul service coming this summer, the list goes on. I really don't think that a commercially savvy company as LH would allow this investment if BD was about to be split up or sold off. Loss making routes are being axed, profitable routes are being developed, new routes are being launched. There is less 'Sir Michael' dogma in the company with a commercial rather than an emotional / historic focus on routes / aircraft / service. Most of us are pretty excited about our 'better for business' developments, and I certainly think bmi next year will be different from bmi today. Yes there's a lot that needs changing, and has been going wrong for years, but I see a lot of these areas are being tackled.
PM From Germany, joined Feb 2005, 6888 posts, RR: 63
Reply 11, posted (5 years 5 months 19 hours ago) and read 3134 times:
LH will inevitably have different business models for LX, BD, SN and OS (not to mention LH Italia). If anyone can pull them all into a highly efficient and successful network I believe LH can. And BD will be a key piece of the plan. I don't believe LH are buying BD to asset-strip them.
AirbusA6 From United Kingdom, joined Apr 2005, 2013 posts, RR: 0
Reply 12, posted (5 years 5 months 14 hours ago) and read 2746 times:
BD has been taken over in the middle of a financial meltdown, and not even mighty LH can stomach massive losses forever...Lets's face it, apart from the former BMED routes, BD is painfully squezed between the BAs with their full network and connections, and the LCCs with their low costs and massive European networks. That's why Sir Michael Bishop bailed out!
it's the bus to stansted (now renamed national express a4 to ruin my username)