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IAG's Intrest In Buying TAP Has Waned - Walsh  
User currently offlineBoeing773ER From United States of America, joined Dec 2011, 420 posts, RR: 0
Posted (2 years 2 months 3 weeks 4 days 14 hours ago) and read 7209 times:

Quote:
British Airways (IAG) parent IAG said its interest in purchasing Portuguese carrier TAP SGPS SA has cooled after the addition of U.K.-based BMI brought sufficient airport slots to improve connectivity with Latin America.


Source: http://www.bloomberg.com/news/2012-0...al-s-tap-has-waned-walsh-says.html

This has been long speculated that IAG's intrest is no longer there to buy TAP, after buying BMI. Also, I read somewhere that there is a lack of Spanish domestic flights, granted TAP is Portuguese I'm sure there is a tad bit of overlap between IB and TP


Work Hard, Fly Right.
18 replies: All unread, jump to last
 
User currently offlineLHRFlyer From United Kingdom, joined Apr 2010, 815 posts, RR: 1
Reply 1, posted (2 years 2 months 3 weeks 4 days 14 hours ago) and read 7171 times:

This doesn't surprise me. With the purchase and integration of bmi and turnaround of Iberia IAG has enough to do. And with the weakness of the Eurozone a more cautious approach to expansion is required.

User currently offlinebestwestern From Hong Kong, joined Sep 2000, 7112 posts, RR: 57
Reply 2, posted (2 years 2 months 3 weeks 4 days 14 hours ago) and read 7145 times:

Portugal seems to be getting on with austerity - trying to pay its way - so hopefully TP does find a home with IAG.

This dampening down of expectations could also be a strategy to reduce the demand price.



The world is really getting smaller these days
User currently offlineRafabozzolla From Brazil, joined Apr 2000, 1225 posts, RR: 0
Reply 3, posted (2 years 2 months 3 weeks 4 days 11 hours ago) and read 6790 times:

Maybe another indication that JJ is going OW...

User currently offlineSumma767 From United Kingdom, joined Mar 2004, 2559 posts, RR: 6
Reply 4, posted (2 years 2 months 3 weeks 4 days 11 hours ago) and read 6664 times:

Quoting bestwestern (Reply 2):
This dampening down of expectations could also be a strategy to reduce the demand price.

Could be. But it could also be that since LH has expressed some interest in bidding for TAP (there has even been a report of a joint bit with AV's owner), IAG knows that they would have slim chances of getting TAP, so the best strategy is the sour grapes one.

Quoting Rafabozzolla (Reply 3):
Maybe another indication that JJ is going OW...

I am pretty sure TAM will go to OW, but why would IAG drop its interest in TAP because of this?


User currently offlinesteve6666 From United Kingdom, joined Sep 2003, 401 posts, RR: 0
Reply 5, posted (2 years 2 months 3 weeks 4 days 10 hours ago) and read 6583 times:

Quoting Summa767 (Reply 4):
Quoting Rafabozzolla (Reply 3):
Maybe another indication that JJ is going OW...

I am pretty sure TAM will go to OW, but why would IAG drop its interest in TAP because of this?

What is TAP strong in? Connections to secondary Brazilian cities via LIS. Which, if you (as Willie Walsh) have TAM in OneWorld you don't need because you can connect passengers through GRU and GIG instead to get to those same cities.

Original quote is interesting too - implies there will be Latin American flights added direct from London. Presumably a Santiago or even Lima to link up to LAN, and I would not be surprised at more GRU/GIG.



eu nasci ha dez mil anos atras, e nao tem nada nesse mundo que eu nao saiba demais
User currently offlineSumma767 From United Kingdom, joined Mar 2004, 2559 posts, RR: 6
Reply 6, posted (2 years 2 months 3 weeks 4 days 10 hours ago) and read 6456 times:

Quoting steve6666 (Reply 5):
What is TAP strong in? Connections to secondary Brazilian cities via LIS. Which, if you (as Willie Walsh) have TAM in OneWorld you don't need because you can connect passengers through GRU and GIG instead to get to those same cities

But still TAM had been mentioned as one of the possible bidders.

Quoting steve6666 (Reply 5):
Original quote is interesting too - implies there will be Latin American flights added direct from London. Presumably a Santiago or even Lima to link up to LAN, and I would not be surprised at more GRU/GIG.

Yes, that is very interesting. I am prety sure that LAN will serve LHR from LIM and/or SCL. But I guess that BA want to open new routes with its own metal. The 787s would help..


User currently offlinesantos From United Kingdom, joined Dec 2007, 740 posts, RR: 0
Reply 7, posted (2 years 2 months 3 weeks 4 days 9 hours ago) and read 6283 times:

Quoting steve6666 (Reply 5):
What is TAP strong in?

Not just Brazil, but i'm sure the 10x Weekly slots to LAD and a few more from OPO to LAD are valuable.
Few other interesting routes served in Africa


User currently offlineein105 From United States of America, joined Jul 2011, 131 posts, RR: 0
Reply 8, posted (2 years 2 months 3 weeks 4 days 9 hours ago) and read 6249 times:

Interest has waned, because I'd be surprised to see competition authorities allow TAM and TP become part of OneWorld

User currently offlineRAGAZZO777 From Uruguay, joined Jul 2010, 584 posts, RR: 1
Reply 9, posted (2 years 2 months 3 weeks 4 days 8 hours ago) and read 6128 times:

Quoting ein105 (Reply 8):
I'd be surprised to see competition authorities allow TAM and TP become part of OneWorld

Currently TAM and TAP are part of Star Alliance and no one has raised a red flag.



JESÚS, TE AMO !!
User currently onlinekiwiandrew From New Zealand, joined Jun 2005, 8548 posts, RR: 13
Reply 10, posted (2 years 2 months 3 weeks 4 days 8 hours ago) and read 6122 times:
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Quoting RAGAZZO777 (Reply 9):
Currently TAM and TAP are part of Star Alliance and no one has raised a red flag.

Yes, but that is currently without also being in the same alliance as LAN and Iberia. The combination of LATAM and IAG ( including TP ) would be pretty terrifying from a consumer point of view.



Moderation in all things ... including moderation ;-)
User currently offlineanstar From United Kingdom, joined Nov 2003, 5186 posts, RR: 6
Reply 11, posted (2 years 2 months 3 weeks 4 days 4 hours ago) and read 5456 times:

Quoting LHRFlyer (Reply 1):
This doesn't surprise me. With the purchase and integration of bmi and turnaround of Iberia IAG has enough to do.

I think IAG has enough to do with gwtting BD integrated and profitable within BA... that itself is a huge task. Then you have all the issues with Iberia and its pilots etc.

I would think those to big projects would be enough to keep management well and truely busy.


User currently offlineeta unknown From Comoros, joined Jun 2001, 2074 posts, RR: 0
Reply 12, posted (2 years 2 months 3 weeks 3 days 20 hours ago) and read 3920 times:

Quoting santos (Reply 7):
Not just Brazil, but i'm sure the 10x Weekly slots to LAD and a few more from OPO to LAD are valuable.
Few other interesting routes served in Africa

Valuable, sure, but those FEW routes don't justify buying a share of an airline.
And as correctly answered above, if you're going to have TAM in your alliance, you don't need TAP.
Or, to put it another way, TAP just got TAMed  


User currently offlineDLPMMM From United States of America, joined Apr 2005, 3590 posts, RR: 10
Reply 13, posted (2 years 2 months 3 weeks 3 days 20 hours ago) and read 3801 times:

Quoting Summa767 (Reply 6):

TAM being a TAP bidder? Where did you hear that?

That would be unlikely, given the European 50% ownership requirement for all Euro airlines.


User currently offlineshilenb From UK - England, joined Oct 2012, 27 posts, RR: 0
Reply 14, posted (2 years 2 months 3 weeks 3 days 20 hours ago) and read 3794 times:

I suspect that LH will buy out TP and JJ will join Oneworld

User currently offlinePezySPU From Croatia, joined Dec 2011, 283 posts, RR: 0
Reply 15, posted (2 years 2 months 3 weeks 3 days 19 hours ago) and read 3683 times:

Quoting DLPMMM (Reply 13):
Quoting Summa767 (Reply 6):

TAM being a TAP bidder? Where did you hear that?

He's right, JJ and LA were in fact interested in acquiring TP after they merge into LATAM. Granted that was a year or two ago, they have gone quiet about it ever since AFAIK.


User currently offlineDLPMMM From United States of America, joined Apr 2005, 3590 posts, RR: 10
Reply 16, posted (2 years 2 months 3 weeks 3 days 15 hours ago) and read 2636 times:

Quoting PezySPU (Reply 15):

I don't see how such an acquisition could be made under current EU laws. Maybe an investment as a minority shareholder, but not as a purchaser.

Sounds like just a.net unfounded speculation to me.


User currently offlinelaca773 From United States of America, joined Nov 2004, 4005 posts, RR: 2
Reply 17, posted (2 years 2 months 3 weeks 3 days 1 hour ago) and read 2149 times:
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What about AF-KL? Wouldn't this fit their network nicely?

Doesn't TP offer a better inflight product on both their EU and International longhaul flights compared to IB?


User currently offlineVV701 From United Kingdom, joined Aug 2005, 7459 posts, RR: 17
Reply 18, posted (2 years 2 months 3 weeks 2 days 22 hours ago) and read 1930 times:

I think that this is not a surprise to a lot of us.

Here is what I said just over four days ago at:

Future Oneworld Members (by TWA85 May 22 2012 in Civil Aviation)

"I think that any IAG purchase of TP is now very much on the back burner. They have seen the severe indigestion that LH has experienced by tackling too many additions to the family at one time. Of course a major contributor to that indigestion was BD. So I suspect that BA will focus on absorbing BD and that IAG will not be looking for further acquisitions until BD is fully and successfully integrated into BA."


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