AY-MD11 From Finland, joined Feb 2001, 471 posts, RR: 2 Posted (12 years 6 months 2 weeks 2 days 22 hours ago) and read 1228 times:
I heard in the news that SAS has planned to buy finnish national carrier Finnair!what do you think about this??I personally dont believe this will ever happen.if so SAS would have leading position on air travel in Scandinavia so called monopoly and that would not be good because then they would have no real competition coming from north Europe and thats bad to customer
OH-LGA From Denmark, joined Oct 1999, 1436 posts, RR: 21 Reply 3, posted (12 years 6 months 2 weeks 2 days 21 hours ago) and read 1089 times:
How funny... how could you even believe that for a second?
A long time ago SAS did have "plans" to purchase Finnair and make it a feeder airline to feed flights from Finland to SAS hubs (ARN & CPH) and then onto other destinations. Some person from SAS was friends with President Kekkonen, yet when he tried to push the sale of Finnair to SAS, Kekkonen replied with a blank stare
Besides, as already mentioned, SAS would then have a total monopoly (since SAS has Air Botnia and is in the process of purchasing Braathens), and the EU would have none of that! Viva Finnair! Long live Finnair!
Head in the clouds... yet feet planted firmly on the ground.
Tanguy From Australia, joined Sep 1999, 154 posts, RR: 0 Reply 4, posted (12 years 6 months 2 weeks 2 days 20 hours ago) and read 1087 times:
Flew AY from LHR to HEL (A321, OH-LZC) and HEL-DUS (A320, OH-LXA) earlier this month. Finnair provides an excellent service with a special flair that only the Finns can possess. It would be sad to lose that character, which I believe would happen if the carrier were to be sold out to SAS. Don't get me wrong, having flown SAS too there is nothing "wrong" with that multinational carrier, but it has a distinctly different culture from that found onboard Finnair.
I hope to fly FINNAIR again soon. Kiitos paljon!
Johnnybgoode From Germany, joined Jan 2001, 2187 posts, RR: 7 Reply 7, posted (12 years 6 months 2 weeks 2 days 9 hours ago) and read 1025 times:
well, i don´t think that this is gonna happen, however, all this stuff about QF buying NZ, TG leaving star and SK buying AY, well, at some point it becomes ridiculous...
certainly, the NZ and TG things are definitively based on facts, but all this seems so funny to me...
that was air canada which was supportet by star carriers to prevail when AA and Onex wanted to merge Air Canada and Canadian Airlines...
If only pure sweetness was offered, why's this bitter taste left in my mouth.
Alle From , joined Dec 1969, posts, RR: Reply 12, posted (12 years 6 months 2 weeks 2 days ago) and read 941 times:
ROFL! Never gonna happen, if it'd happen i'd stay home in my bed and , looks like the Media doesn't have real things to write about . And i don't think any other airline would buy a stake in AY before the Finnish Government let's go of their majority (58.4%) stake.
LONG LIVE FINNAIR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GOT From Sweden, joined Dec 2000, 1912 posts, RR: 1 Reply 13, posted (12 years 6 months 2 weeks 1 day 23 hours ago) and read 931 times:
SAS have said that they will expand there amount of passenger with about 50% in five to ten years or so, and buying Finnair is a quick way to grow. There have also been roumors that SAS is interested in Icelandair.
Anyway, I don't think that EU would let this happend so SAS will have to find another way to grow.
Just like birdwatching - without having to be so damned quiet!
767-322ETOPS From United States of America, joined May 2001, 324 posts, RR: 0 Reply 14, posted (12 years 6 months 2 weeks 1 day 23 hours ago) and read 929 times:
Is this really that impossible? Isn't SAS actually a consortium of national flag carriers? If SAS "bought" Finnair wouldn't it be more like adding an additional national carrier rather than an outright takeover as they're doing with Braathens?
Johnnybgoode From Germany, joined Jan 2001, 2187 posts, RR: 7 Reply 15, posted (12 years 6 months 2 weeks 1 day 7 hours ago) and read 915 times:
why would SAS - Scandinavian Air System have to change its name if it bought Finnair?????
last time i checked finnair was still a part of scandinavia... (in addition, denmark doesn´t belong to scandinavia)
still, i don´t think SK would buy AY for many reasons, but if it did they certainly had to get their things straight. SAS currently consists of SAS Danmark A/S (28.55%), SAS Norge ASA (28.55%) and SAS Sverige (42.9%). each of these subdivisions is owned 50% by the respective governments and to 50% by private investors.
so if they wanted to get AY they must get things straight first because it´s obivous that the finnish government doesn´t want to lose its flag carrier and
wants to retain certain rights. so the finnish government had to be fit into the picture somehow. and now this is interesting: SAS is currently laying the grounds for introducing a joint ownership so that the company won´t be subdivided anymore... i am not saying that this is indicating the Finnair deal, however, this could ease the entry of the finnish carrier and finnish government if such a deal would ever seriously surface.
If only pure sweetness was offered, why's this bitter taste left in my mouth.
The Ticketor From Norway, joined Oct 2000, 434 posts, RR: 1 Reply 20, posted (12 years 6 months 2 weeks 1 day 4 hours ago) and read 903 times:
The EU doesn't have to do anything about this, because it's not going to happen! SAS has been trying to "muscle in" since the fifties. Wallenberg even said to Kekkonen that "the Finnish skies will be black with SAS-aircraft", or something to that effect. Well, that has yet to happen. Finnair called this a "daydream" by Lindegaard (new SK head honcho), and that's exactly what it is. Why would the Finnish state sell their excellent flag carrier and risk getting not much more than feeder traffic? No way.
By the way, Finland is NOT a part of Scandinavia, but its one of the Nordic countries.
The Ticketor From Norway, joined Oct 2000, 434 posts, RR: 1 Reply 23, posted (12 years 6 months 2 weeks 5 hours ago) and read 872 times:
Yes, AY-MD11, please do (but not TOO hard). This is from an internal (but not secret) Finnair newsletter, "Finnlink":
"Finnair Not for Sale!"
Unfounded gossip of the week concerns comments made by the incoming head of SAS, Jörgen Lindegaard, in the Norwegian business paper Dagens Naeringsliv about the Nordic aviation industry following the announced intended takeover by SAS of Norwegian airline Braathens SAFE. According to Lindegaard in the interview, SAS is interested in buying in to other airlines in the region, including Polish airline LOT, the smaller Baltic airlines – and Finnair.
Finnair, we can confirm, is not for sale. "It seems like it was a matter of a new manager raising his profile," says Finnair’s Director of Corporate Communications Christer Haglund in response to the comments.
Finnair’s firm intention to remain an independent airline had already been underlined in an interview with CEO and President Keijo Suila published by Reuters on May 22, in which he also stressed that membership of the oneworld alliance gives Finnair the international reach it needs.
"It's clear that at the moment there's nothing on the cards now or in the foreseeable future (concerning an airline merger)," CEO Keijo Suila told Reuters.
"We are one of best performing airlines in Europe from a financial point of view and our balance sheet is strong."
He said Finnair was strong enough to stay single despite the consolidating forces in Europe and stressed the advantages of its membership of oneworld, along with American Airlines and British Airways.
"The more we get schedules, timetables and programmes coordinated, as well as code-sharing agreements, the more we will see revenues growing," he said.
In the same interview, Suila refers to the setting up of Estonian airline Aero Airlines AS, which is proceeding according to plan and will begin operations at the end of this year at the earliest.
Suila said he was monitoring competition in the Nordic countries, following SAS's bid for Norway's Braathens and increased competition from airlines like Ireland's Ryanair.
"We try to hit back hard (against competition) and so far we have been successful at that," he said. "We are not looking at the last single decimal of market share if the question is about loss making and margin businesses. But when it comes to our core segments we will defend and defend hard."