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AF/KLM Enters Bid To Buy LOT  
User currently offlineKonrad From United States of America, joined Mar 2002, 530 posts, RR: 0
Posted (4 years 9 months 1 week 2 days 8 hours ago) and read 6773 times:

A Polish financial daily reported that AF/KLM group entered bid to raise capital of LOT Polish Airlines and take control of the company. No other airlines showed interest.

LOT is now strongly integrated with LH and Star Alliance, its frequent traveller scheme being LH Miles&More.

8 replies: All unread, jump to last
 
User currently offlineBlueSky1976 From Poland, joined Jul 2004, 1896 posts, RR: 5
Reply 1, posted (4 years 9 months 1 week 2 days 7 hours ago) and read 6591 times:

Good news - this would actually give LOT some nice growth perspective, along with increased competition on fights between Central and Western Europe.

Kudos to AF/KL for the bid. Let's hope they win it.



Now get your f***ing Jumbo Jet off my airport!!! - AC/DC "Ain't No Fun To Be a Millionaire"
User currently offlineIcna05e From France, joined Feb 2006, 298 posts, RR: 0
Reply 2, posted (4 years 9 months 1 week 2 days 5 hours ago) and read 6318 times:

Hm. CSA won't be too happy about it, they are Skyteam's partner in Eastern Europe (along with a smaller and further out Tarom); It could work if well-integrated, after all Poland is big enough of a market itself. But LH won't allow it!!!

User currently offlineKiwiandrew From New Zealand, joined Jun 2005, 8580 posts, RR: 13
Reply 3, posted (4 years 9 months 1 week 2 days 5 hours ago) and read 6281 times:
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I am curious how this would work if AF/KL won . Currently LO doesnt have a frequent flyer programme of its own - it uses LH Miles and More . What would happen to current LO frequent flyers mileage balances ? I assume that they would stay in M&M and that members would have to start over again in Flying Blue ( although presumably with status matches pretty much guaranteed ) . Nevertheless LH would retain a vast amount of info regarding LO top frequent fliers which could be a huge help to trying to keep those pax with LH .


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User currently offlineOta1 From Germany, joined Apr 2008, 399 posts, RR: 0
Reply 4, posted (4 years 9 months 1 week 2 days 5 hours ago) and read 6258 times:
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According to Dutch media AF already denied any interest in LO.

see here: het financieele dagblad (Dutch only)


User currently offlineKonrad From United States of America, joined Mar 2002, 530 posts, RR: 0
Reply 5, posted (4 years 9 months 1 week 2 days 5 hours ago) and read 6203 times:



Quoting Icna05e (Reply 2):
Hm. CSA won't be too happy about it, they are Skyteam's partner in Eastern Europe (along with a smaller and further out Tarom); It could work if well-integrated, after all Poland is big enough of a market itself. But LH won't allow it!!!

Air France / KLM tried to purchase a controlling stake in CSA last year but failed. Their offer was too low? I believe that LOT being in trouble can be purchased at a smaller expense. The restructuring might be costly, though.

Quoting Kiwiandrew (Reply 3):
I am curious how this would work if AF/KL won . Currently LO doesnt have a frequent flyer programme of its own - it uses LH Miles and More . What would happen to current LO frequent flyers mileage balances ? I assume that they would stay in M&M and that members would have to start over again in Flying Blue ( although presumably with status matches pretty much guaranteed ) . Nevertheless LH would retain a vast amount of info regarding LO top frequent fliers which could be a huge help to trying to keep those pax with LH .

Of course LH has data of all LOT Frequent Travellers, however accounts of those registered in Poland are managed from Warsaw. They might offer those members transition to AF/KLM FF scheme on favorable terms, matching their miles and status.

If I am not wrong, a similar thing happened after the demise of Qualiflyer FF scheme, Polish members were offered transition to LH M&M or they could stay with their Qualiflyer cards which were good for nothing else but Swiss.

It is far too early to be sure of anything, but bringing AF/KLM into Poland would give the market a very much needed competition. Right now, apart from some diversity at WAW, it is a true Star Alliance fortress.


User currently offlineOta1 From Germany, joined Apr 2008, 399 posts, RR: 0
Reply 6, posted (4 years 9 months 1 week 2 days 4 hours ago) and read 6122 times:
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Quoting Konrad (Reply 5):
Air France / KLM tried to purchase a controlling stake in CSA last year but failed. Their offer was too low?

IIRC it was AF who walked away from the deal because of the financial state of OK.

Quoting Ota1 (Reply 4):
According to Dutch media AF already denied any interest in LO.

see here: het financieele dagblad (Dutch only)

Meanwhile I have found a source in English:

The Wall Street Journal


User currently offlineKonrad From United States of America, joined Mar 2002, 530 posts, RR: 0
Reply 7, posted (4 years 9 months 1 week 2 days 4 hours ago) and read 6081 times:



Quoting Ota1 (Reply 6):
Meanwhile I have found a source in English:
The Wall Street Journal

Thanks, I think that closes the speculation.
The newspaper that started it - www.dziennik.pl is usually well informed. Too bad.


User currently offlineFlylot From United States of America, joined Dec 2007, 187 posts, RR: 0
Reply 8, posted (4 years 9 months 1 week 2 days 3 hours ago) and read 5891 times:

http://online.wsj.com/article/BT-CO-...?mod=WSJ_Deals_LEFTLatestHeadlines

spokesman Maciej Wewior told Dow Jones Newswires "Three entities are interested, one of them is a financial investor and there's an investor from the aviation sector as well."

and as stated above Air France-KLM had denied any association. Too bad because Skyteam seems the way to go these days. I wonder who it is? SU? EK? The government is most likely to pick a financial investor, as any foreign aviation investor would be deemed too radical.



"In Soviet Russia, airplane flies on you"
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