Oneworld From Switzerland, joined Jun 1999, 25 posts, RR: 0 Posted (13 years 11 months 1 week 2 days 14 hours ago) and read 1430 times:
The German charter carrier LTU is deep in the red. Swiss flagcarrier Swissair hold a certain stake in that airline. And the Swiss can't afford to stay there: in my opinion they are to sell their shares!!
Now my question: What do you think about following idea? A spanish airline like Iberia could take-over Swissair's shares. So the Spaniards could have the opportunity to posses a German airline, and to become a new giant in Germans charter market.. Spanish airlines are more and more losing market position between the German and the Spanish market.. Could this idea be a new chance to come up on this two very important two European markets??
LH744 From Belgium, joined Oct 2001, 302 posts, RR: 0
Reply 2, posted (13 years 11 months 1 week 2 days 14 hours ago) and read 1394 times:
I have to correct you about Jahn Reisen.
It was(!) a LTU-owned travel operator just as Meier´s Weltreisen and Tjaereborg. But LTU has already sold it to another company and so there they cannot get any money out of that.
TUI already has "own" airline, it works closely with Hapag-Lloyd which will receive these ugly (compared with their actual livery) TUI colours. In Britain also Britannia will get it! So I don´t think TUI will invest money here.
Discussions running right now with local government and potential investors to save LTU in the skies and prevent them from crashing down like Sabena did today.
I can really undestand those people wanting to shoot Phillippe Brugisser (former Swissair CEO) to Mars!
Gibberish From Switzerland, joined Sep 2000, 424 posts, RR: 2
Reply 4, posted (13 years 11 months 1 week 2 days 12 hours ago) and read 1374 times:
Actually, oneworld, those were exactly Swissair's plans...to acquire stakes in foreign airlines and get a hold of the (lucrative) German (LTU), French (Lib/AOM/Lit) and Italian markets. But as we can all see they failed. Bigtime. I don't think it would be a good idea for another airline to invest in a foreign carrier, be it Spanish or Swiss. We have all seen by now that cross-border partnerships hardly work out. I say the best idea is for a travel agency to buy the whole (or at least parts) of LTU, just like Hotelplan did with Balair. I doubt anything else will happen.
Flying-Tiger From Germany, joined Aug 1999, 4183 posts, RR: 34
Reply 5, posted (13 years 11 months 1 week 2 days 12 hours ago) and read 1365 times:
It would not be a very smart decision. Most of LTU´s planes are leased (Swissair sold and leased them back to raise funds). It lacks a support organization in Germany and Great Britiain, the two biggest charter markets of the world.
Taking a specific look on spanish airlines investing in LTU: which would be interested?
Iberia: No. The are a scheduled carrier, LTU is a charter carrier. Makes no sense.
Spanair: No. They are a charter carrier, yes, but they are aligned to the Star Alliance in some way (and that means Lufthansa and in this turn Condor) and any move to take over LTU would likely be blocked by the EU.
LTE:I doubt that they can raise the funds for such an operation.
Karliboy From United Kingdom, joined Oct 2001, 254 posts, RR: 0
Reply 6, posted (13 years 11 months 1 week 2 days 10 hours ago) and read 1358 times:
Could someone tell me why Britannia say they are the biggest charter airline in the world when Condor of germany has more aircraft and therefore more capacity!
If I'm wrong to say this then please advise!
Andreas From Germany, joined Oct 2001, 6104 posts, RR: 30
Reply 7, posted (13 years 11 months 1 week 2 days 8 hours ago) and read 1347 times:
Not a good idea, as some have pointed out, the question would be: Which Spanish Airline? Iberia would be totally nuts to go on such a trip, Spanair does partially belong to LH, and LH is definitely not interested in LTU, on the contrary.
Short-term rescue for LTU is close, even without an investor.
Tell you more tomorrow
For now good night
By738 From St. Vincent and the Grenadines, joined Sep 2000, 2661 posts, RR: 1
Reply 8, posted (13 years 11 months 1 week 2 days 7 hours ago) and read 1344 times:
Britannia are the biggest charter airline in the world. They may have slightly fewer aircraft but each plane has a higher capacity and their flight hours are much greater, therefore carry more passenger numbers than Condor.