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Finnair Joins Tatl JV With AA/BA/IB  
User currently offlineiksu From Finland, joined Nov 2011, 12 posts, RR: 0
Posted (1 year 4 months 2 weeks 3 days 18 hours ago) and read 4505 times:
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Hi,

I think this is really significant for Finnair as currently they have only their own HEL-JFK route and by the end of the year it will be over 100 trans Atlantic flights with AY flight number with joint venture partners! After all the focus into Asia I see this as an excellent way to move forward into west and not only east. It's great to see this kind of cooperation and I only wonder if AY will have even deeper bonds with IAG in the future?

Quote from the press release:

American Airlines, British Airways and Iberia celebrate a key milestone today as fellow oneworld® alliance member Finnair announces its intent to join the transatlantic joint business, established by the three airlines in October 2010.

Once Finnair joins the transatlantic joint business later this year, customers in North America and Europe will have increased choice of flights and services as well as more convenient connections to flights across the Atlantic.

Link to press release:

https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=545229&lang=en

What do you think?

7 replies: All unread, jump to last
 
User currently offlineokAY From Finland, joined Dec 2006, 652 posts, RR: 0
Reply 1, posted (1 year 4 months 2 weeks 3 days 18 hours ago) and read 4478 times:

Maybe this thread will last  
Quoting iksu (Thread starter):
I only wonder if AY will have even deeper bonds with IAG in the future?

If one is to believe that no small airlines of Europe will survive and AY will be bought by one of the big names, I'd put my bet on IAG.


User currently offlineiksu From Finland, joined Nov 2011, 12 posts, RR: 0
Reply 2, posted (1 year 4 months 2 weeks 3 days 18 hours ago) and read 4460 times:
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I find it interesting that this happened now when the government after so many years of not wanting to sell AY stocks, have recently been talking about selling stocks for AY to find a partner   Just my personal conspiracy theory  

User currently offlinetoobz From Finland, joined Jan 2010, 767 posts, RR: 0
Reply 3, posted (1 year 4 months 2 weeks 3 days 17 hours ago) and read 4289 times:

Very interesting! So how does this work? AY doesn't have that many flights of its own. AY gets 100 new flight numbers..what does IAG get in return but a a handful of Asian flights??

User currently offlineGCT64 From United Kingdom, joined Nov 2007, 1365 posts, RR: 1
Reply 4, posted (1 year 4 months 2 weeks 3 days 16 hours ago) and read 4110 times:

As the JV means joint sharing of profits and losses (based presumably on the proportion of the business that they are responsible for) then it means:

A. Finnair will only be exposed to a small part of the P&L on its own flight(s).
B. Finnair will benefit (in a very small percentage) from the totality of AA/BA/IB/AY TATL profits or lose (in a very small percentage) if the totality of AA/BA/IB/AY TATL makes a loss.

Essentially they are moving their risk/exposure from being focused on the P&L of their own flight(s) and spreading that risk thinly across the whole of the JV's TATL flights.

The positive/negative effect on IAG and AA will be negligible.

But I think the bigger message, as noted above, is "expect IAG to buy/try to buy AY"



Flown in: A30B,A306,A310,A319,A320,A321,A332,A333,A343,A346,BA11,BU31,B190, B461,B462,B463,(..50 types..),VC10,WESX
User currently offlinetoobz From Finland, joined Jan 2010, 767 posts, RR: 0
Reply 5, posted (1 year 4 months 2 weeks 3 days 6 hours ago) and read 3660 times:

Thanks for explaining that GCT!

User currently offlineteme82 From Finland, joined Mar 2007, 1480 posts, RR: 0
Reply 6, posted (1 year 4 months 2 weeks 3 days 3 hours ago) and read 3505 times:
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Quoting GCT64 (Reply 4):
But I think the bigger message, as noted above, is "expect IAG to buy/try to buy AY"

The only problem is the government. They can't sell the shares at the moment.



Flying high and low
User currently offlineHELyes From Finland, joined Oct 2010, 893 posts, RR: 1
Reply 7, posted (1 year 4 months 2 weeks 2 days 23 hours ago) and read 2838 times:

Quoting teme82 (Reply 6):
Quoting GCT64 (Reply 4):
But I think the bigger message, as noted above, is "expect IAG to buy/try to buy AY"
Quoting teme82 (Reply 6):

The only problem is the government. They can't sell the shares at the moment.

Government is ready to give up its majority holding, according to minister Heidi Hautala, timing is an other question.


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