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Vueling Takeover Of Troubled Malev?  
User currently offlinekrisyyz From Canada, joined Nov 2004, 1593 posts, RR: 0
Posted (2 years 8 months 1 week 1 day 2 hours ago) and read 5466 times:

Hungarian media is reporting that Spanish low-cost carrier Vueling is in talks with the Hungarian government over a possible takeover of the troubled Hungarian national carrier. VY is just the latest in a series of foreign airlines that have expressed interest in MA. Prague-based Travel Services charter airline, as well as China's Hainan have had talks with the Hungarian government but with little success. In the past, the Hungarian Government has stated that MA will not become an LCC, however, I think that position will likely change has the options of rescuing MA from financial collapse are diminishing.

As most will recall, the EU recently ordered MA to repay all government loans.

VY will make their decision at next month's board meeting. If the deal is finalized, VY could take over MA before the summer timetable.


http://www.caboodle.hu/nc/news/news_...e/11/govt_commis/?cHash=ef6ea1b148

http://www.bbj.hu/business/iberia-lo...eyes-malev-nepszabadsag-says_62536

KrisYYZ

7 replies: All unread, jump to last
 
User currently offlinejavibi From Spain, joined exactly 10 years ago today! , 1371 posts, RR: 41
Reply 1, posted (2 years 8 months 1 week 1 day 2 hours ago) and read 5400 times:

Vueling strongly denies that information, acording to Spanish media.

Cheers,

j



"Be prepared to engage in constructive debate". Are YOU prepared?
User currently offlinemigair54 From Spain, joined Jun 2007, 1751 posts, RR: 0
Reply 2, posted (2 years 8 months 1 week 1 day 1 hour ago) and read 5220 times:

I don´t see any logic to do that....

With the open skies Vueling can open a base there and they don´t need to get into so many problems..... they already have bases out of Spain.... so with not BUD it could be a nice move.... send there a few pilots and planes and try to do a nice job there...


User currently offlineSuperCaravelle From Netherlands, joined Jan 2012, 239 posts, RR: 0
Reply 3, posted (2 years 8 months 1 week 1 day 1 hour ago) and read 5150 times:

I think at the moment Vueling is busy considering another target. At least, that would be more logical in my opinion.

Also, I doubt the current Hungarian government would be happy with this. They are in the process of nationalizing the country (a bit bluntly stated, but not untrue), this wouldn't be a step forward for them.


User currently offlineju068 From Vanuatu, joined Aug 2009, 2653 posts, RR: 6
Reply 4, posted (2 years 8 months 1 week 1 day 1 hour ago) and read 5087 times:
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Quoting migair54 (Reply 2):
With the open skies Vueling can open a base there and they don´t need to get into so many problems..... they already have bases out of Spain.... so with not BUD it could be a nice move.... send there a few pilots and planes and try to do a nice job there...

Hmmm I think that would not happen because they would then directly compete with Wizz Air. Plus, the Hungarian government wants an investor that will keep the Malév brand alive.

Plus, Vueling will have its hands full with filling the gap left by Spanair.


User currently offlineroberts87 From Netherlands, joined Dec 2011, 990 posts, RR: 0
Reply 5, posted (2 years 8 months 1 week 19 hours ago) and read 4415 times:

Isn't Vueling owned by IAG? It would make more sense for IAG to take over MA, a fellow Oneworld member. It would help strenghten Oneworls position in Eastern Europe.

User currently offlineViscount724 From Switzerland, joined Oct 2006, 25473 posts, RR: 22
Reply 6, posted (2 years 8 months 1 week 19 hours ago) and read 4278 times:

Quoting roberts87 (Reply 5):
sn't Vueling owned by IAG?

Only a minority interest. IB owns 46% of Vueling shares and 4 of the 11 members of the board of directors are from IB.


User currently offlinerealsim From Spain, joined Apr 2010, 647 posts, RR: 0
Reply 7, posted (2 years 8 months 1 week 19 hours ago) and read 4278 times:

Vueling has said that the rumour is "radically false". Source (in Spanish): http://www.expansion.com/agencia/efe/2012/01/27/16909541.html

Quoting roberts87 (Reply 5):
Isn't Vueling owned by IAG? It would make more sense for IAG to take over MA, a fellow Oneworld member. It would help strenghten Oneworls position in Eastern Europe.

Iberia has a 45% stake or so in Vueling.


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