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LH Re-negotiating BD Take Over  
User currently offlineTFFIP From United States of America, joined Nov 2008, 203 posts, RR: 0
Posted (5 years 5 months 3 weeks 1 day 1 hour ago) and read 5339 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.

12 replies: All unread, jump to last
 
User currently offlineSeemyseems From United Kingdom, joined Jan 2009, 967 posts, RR: 7
Reply 1, posted (5 years 5 months 3 weeks 23 hours ago) and read 5019 times:

LH are planning to buy Sir Michael Bishop's shares which I think is a controlling percentage. Did SAS sell of their stake in BD? (if so who to?)


seemyseems
User currently offlineZkojh From China, joined Sep 2004, 1701 posts, RR: 1
Reply 2, posted (5 years 5 months 3 weeks 22 hours ago) and read 4786 times:

its in such a bad state LH still think its worth it...


NZ 787-9 flying between PVG - AKL ! CAN'T WAIT!!
User currently offlineHotelmode From United Kingdom, joined Jan 2007, 460 posts, RR: 1
Reply 3, posted (5 years 5 months 3 weeks 22 hours ago) and read 4734 times:



Quoting Zkojh (Reply 2):
its in such a bad state LH still think its worth it...

They dont have a choice. Sir Michael Bishop had an option to force LH to buy him out at this stage and took it.


User currently offlineAIR MALTA From Malta, joined Sep 2001, 2501 posts, RR: 1
Reply 4, posted (5 years 5 months 3 weeks 22 hours ago) and read 4668 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.



Next flights : BRU-ZRH-CAI (LX)/ BRU-FCO-TLV (AZ)
User currently offlineHotelmode From United Kingdom, joined Jan 2007, 460 posts, RR: 1
Reply 5, posted (5 years 5 months 3 weeks 22 hours ago) and read 4640 times:



Quoting AIR MALTA (Reply 4):
I am afraid BD is going to be ultimately dismantled and its assets (slots) distributed to *A airlines...

Think you might be correct there.


User currently offlineCityofAthens From , joined Dec 1969, posts, RR:
Reply 6, posted (5 years 5 months 3 weeks 22 hours ago) and read 4630 times:



Quoting Hotelmode (Reply 5):
Think you might be correct there.

I was going to say, not a bad idea really. LH has just acquired a "toxic asset".


User currently offlineBwaflyer From United Kingdom, joined Jun 2004, 689 posts, RR: 0
Reply 7, posted (5 years 5 months 3 weeks 20 hours ago) and read 4454 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.


User currently offlineSeemyseems From United Kingdom, joined Jan 2009, 967 posts, RR: 7
Reply 8, posted (5 years 5 months 3 weeks 1 hour ago) and read 3956 times:



Quoting AIR MALTA (Reply 4):
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'm not so sure, LH already own Swiss and they've done really well, maybe LH will do something similar with BD.



seemyseems
User currently offlineAIR MALTA From Malta, joined Sep 2001, 2501 posts, RR: 1
Reply 9, posted (5 years 5 months 2 weeks 6 days 20 hours ago) and read 3568 times:



Quoting Seemyseems (Reply 8):
I'm not so sure, LH already own Swiss and they've done really well, maybe LH will do something similar with BD.

BD is a whole different animal. BD has to compete with BA and all other airlines at LHR. LX has its base in ZRH and is the dominant player there.



Next flights : BRU-ZRH-CAI (LX)/ BRU-FCO-TLV (AZ)
User currently offlinePurpleBox From United Kingdom, joined Jun 2005, 325 posts, RR: 0
Reply 10, posted (5 years 5 months 2 weeks 6 days 12 hours ago) and read 3279 times:



Quoting AIR MALTA (Reply 9):
BD is a whole different animal. BD has to compete with BA and all other airlines at LHR. LX has its base in ZRH and is the dominant player there.

It's looking like LH will not be doing an LX with BD - for the reasons given in the quoted text.

On PPRUNE there is speculation that the A330 leases will not be renewed next spring. Don't rule out a link with VS yet.

PurpleBox.



Next Flights:STH-ATH-STN (A3), BHX-INV-BHX(BE), LCY-FRA-BOG(LH), EZE-FRA-LHR(LH)
User currently offlinePM From Germany, joined Feb 2005, 6918 posts, RR: 63
Reply 11, posted (5 years 5 months 2 weeks 6 days 11 hours ago) and read 3147 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.

User currently offlineAirbusA6 From United Kingdom, joined Apr 2005, 2013 posts, RR: 0
Reply 12, posted (5 years 5 months 2 weeks 6 days 6 hours ago) and read 2759 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)
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