Boeingfever777 From United States of America, joined Jul 2009, 409 posts, RR: 57 Posted (3 years 8 months 3 weeks 1 day 15 hours ago) and read 4952 times:
I was wondering which is the largest state owned airline in terms or fleet and profit? Isn't CA the largest in terms of fleet and SQ the largest in terms of profit.
Other state owned carriers? AI, AF, EK, EI, LO, NZ, QF, SU, TK, QR, EY, & GF.
QatarA340 From Qatar, joined May 2006, 1602 posts, RR: 7 Reply 5, posted (3 years 8 months 3 weeks 1 day 11 hours ago) and read 4679 times:
Quoting Boeingfever777 (Thread starter): Other state owned carriers? AI, AF, EK, EI, LO, NZ, QF, SU, TK, QR, EY, & GF.
QR is not fully state-owned--just over half of it acording to official QR documents, but I think the official ownership is that the govnerment does not own it.
Boeingfever777 From United States of America, joined Jul 2009, 409 posts, RR: 57 Reply 6, posted (3 years 8 months 3 weeks 1 day 10 hours ago) and read 4642 times:
FlyingAY From Finland, joined Jun 2007, 642 posts, RR: 0 Reply 7, posted (3 years 8 months 3 weeks 1 day 8 hours ago) and read 4578 times:
Even if AY is traded openly in the stock market, the state of Finland owns more than half of the company and currently the government is not planning to sell.
PanHAM From Germany, joined May 2005, 7771 posts, RR: 26 Reply 8, posted (3 years 8 months 3 weeks 1 day 8 hours ago) and read 4558 times:
State owned does no mean state owned all the times. A companie's shares can be owned 100% by the state however the company is completely run as a corporation, with an independent supervisory board, a management etc. and the mandatory need to turn out profits. That's the usual way to do it in a democracy.
EK may be state owned but is completelya run as a private enterprise corporation, The saga is that they received a certain start up capital and ever since turned out profits and dividends to the state.
In some countries, airlines are run as a national pride without proper accounting, totally without cost control and a means of employment to relatives of high ranking government officials.
AirIndia From United Arab Emirates, joined Jan 2001, 1545 posts, RR: 1 Reply 9, posted (3 years 8 months 3 weeks 1 day 8 hours ago) and read 4549 times:
In the UAE its a little different. Emirates is owned by the ruling family of DXB, and not by UAE. Only EY claims themselves to be the 'National' carrier. EK does not.
Boeingfever777 From United States of America, joined Jul 2009, 409 posts, RR: 57 Reply 11, posted (3 years 8 months 3 weeks 1 day 7 hours ago) and read 4505 times:
So by looking at some of these carriers I assume they still are publicly traded even when state owned being that the government owns the majority of the shares still.
I wonder why the United States has never owned their own airline.
NZ193 From New Zealand, joined Sep 2009, 20 posts, RR: 0 Reply 13, posted (3 years 8 months 3 weeks 1 day 5 hours ago) and read 4398 times:
Air New Zealand is a state owned airline. I think it was a good 10+ years ago, ANZ was going bankrupt and the NZ government bailed them out with a package of $NZ800million. ANZ has paid back some of the debt but still owns a lot but for a little country and airline, I think they do very well for an airline in the big markets. ANZ has shares also available for sale on the NZ stock exchange thanks to the government intervention. That's correct to my knowledge. Just thought I would add that to the forum.
BA From United States of America, joined May 2000, 11135 posts, RR: 61 Reply 14, posted (3 years 8 months 3 weeks 1 day 5 hours ago) and read 4393 times:
Quoting PanHAM (Reply 8): State owned does no mean state owned all the times. A companie's shares can be owned 100% by the state however the company is completely run as a corporation, with an independent supervisory board, a management etc. and the mandatory need to turn out profits. That's the usual way to do it in a democracy.
Very true, a distinction needs to be made between government-owned airlines and airline corporations where the shares are wholly or majority owned by the government. There is a big difference.
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
Huaiwei From Singapore, joined Oct 2008, 1086 posts, RR: 1 Reply 15, posted (3 years 8 months 3 weeks 1 day 4 hours ago) and read 4349 times:
Quoting BA (Reply 14): government-owned airlines and airline corporations where the shares are wholly or majority owned by the government. There is a big difference.
Er I think the distinction is actually between government-owned and government-controlled airlines. A government owning 51% of an airline can choose to exercise more control and accord more direct assistance than another government owning 81% of its airline.
It's huaiwei...not huawei. I have nothing to do with the PRC! :)
FlyASAGuy2005 From United States of America, joined Sep 2007, 6517 posts, RR: 11 Reply 22, posted (3 years 8 months 3 weeks 21 hours ago) and read 4058 times:
What about CU? I could only imagine they are state owned as well.
CAM2:"Lightning coming out of that one." CAM1: "What?"
Normie999 From United Kingdom, joined May 2009, 137 posts, RR: 0 Reply 23, posted (3 years 8 months 3 weeks 21 hours ago) and read 4033 times:
Quoting Asturias (Reply 19): Currently FI (Icelandair) is state-owned 100%. It's not that big, but there you go.
asturias
What is the source of this information? Icelandair was always in private hands, and I had gathered remained so despite the turmoil in the Icelandic economy.
Air New Zealand has a majority state ownership, and will be paying a dividend this month.
Ethiopian is100% state-owned and has apparently just doubled its profits.
Boeingfever777 From United States of America, joined Jul 2009, 409 posts, RR: 57 Reply 24, posted (3 years 8 months 3 weeks 20 hours ago) and read 3996 times:
Quoting Bwest (Reply 12): I don't think the US government has ever considered that one of their duties
Would be interesting to see how they would run it though, who they would buy from, etc etc
Faire du ciel le plus bel endroit de la terre.
25 Dirkou: TAP Portugal is 100% state owned and always had terrible financial results (286 million EUR loss last year).
26 Boeingfever777: Why is this? I thought they were a profitable airline? I have flown 4 times and got excellent service each time twice domestic and twice Intl.
27 Asturias: Well Icelandair wasn't always in private hands, but it was privatized in the 90s. As the situation is today, Landsbanki, Islandsbanki and Sparisjodsb
28 Dirkou: "Why is this? I thought they were a profitable airline? I have flown 4 times and got excellent service each time twice domestic and twice Intl." Since
29 AA1818: BW, Caribbean Airlines (Trinidad and Tobago); BWIA's successor is 100% state-owned, but the Government has tried to run it like a regular private com
30 Loran: Atlant Soyuz's slogan is 'Airline of the Moscow Government' which kind of implies it is state owned. Also AFAIK Iran Air is state owned.
31 Rleiro: Conviasa and Aeropostal in Venezuela are state-owned airlines: Conviasa was intended to be the replacement of VIASA, altough its international expansi
32 RoyalAirMaroc: I guess AT is also State owned with AF also having a small share. AT owns Atlas Blue.
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