VG AIRLINES is in the process of finalizing the purchase of a substantial interest in Dutch charter carrier AIR HOLLAND. Details are supposed to be finalized overnight and should be announced at a press conference upon VG's inaugural arrival at New York JFK this coming Thursday.
SAS23 From , joined Dec 1969, posts, RR: Reply 1, posted (11 years 1 month 1 day 20 hours ago) and read 2761 times:
First off, "substantial interest" does not mean "taking over". Next, 51% of Air Holland must remain in Dutch hands if it wants to fly outside the EU. And third, Air Holland is financially in a very precarious position at present (and don't forget it's already gone bust ... twice!) - why on earth would VG, who haven't even started their own services yet, want to get into that particular can of worms?
It's starting to sound a bit like SAir Group to me - and we all know what happened to them!
Twaneedsnohelp From , joined Dec 1969, posts, RR: Reply 4, posted (11 years 1 month 1 day 19 hours ago) and read 2709 times:
This is simply Freddy Van Gaever taking some control over an airline he started. I'm sure all he wants to do is more closely allign VG and Holland to feed passengers to one another and cooperate on charter.
1stspotter From Netherlands, joined Jun 1999, 507 posts, RR: 1 Reply 5, posted (11 years 1 month 1 day 17 hours ago) and read 2653 times:
Interesting news, and curious to why VG Airlines takes over an interest in Air Holland. Both airlines are active in a different market and I do not see that Air Holland will become a feeder for VG Airlines, as Air Holland main activity is flying holiday seekers to the sun.
Flying_Tuur From Belgium, joined Aug 2001, 28 posts, RR: 0 Reply 6, posted (11 years 1 month 1 day 17 hours ago) and read 2637 times:
SAS23: *** Next, 51% of Air Holland must remain in Dutch hands if it wants to fly outside the EU. ***
I don't think this is true... 51% of Air Holland has to remain in hands of a European company (member of the EU ofcourse)... As for the EU, they really don't care if it's Dutch or Belgian, as long as it is European.
I wonder if they really bring in capital for shares, or "just" the aircraft they used last weeks as a wet lease for Air Holland ?
1stspotter From Netherlands, joined Jun 1999, 507 posts, RR: 1 Reply 7, posted (11 years 1 month 1 day 17 hours ago) and read 2625 times:
Maybe it is just a way to get the VG Airlines aircraft in the air. First there was that strange deal with Armenian Airlines where VG Airlines flies Yerevan-Brussels-Los Angeles and Armenian Airlines buys seats on this flights, and now the Air Holland deal.
Hope to see an Airbus A330 in the new Air Holland livery soon
SAS23 From , joined Dec 1969, posts, RR: Reply 12, posted (11 years 1 month 1 day 11 hours ago) and read 2440 times:
Sory, flying_tuur and TNNH ... but you're both wrong. 51% EU ownership is fine as long as you want to operate solely within the EU - but the moment you want to fly outside it then bilaterals come into effect, which invariably state that an airline must be owned and controlled by nationals of the country of registry.
SAS23 From , joined Dec 1969, posts, RR: Reply 17, posted (11 years 1 month 1 day 10 hours ago) and read 2367 times:
Apuneger - I hope not as there you have one airline that hasn't really started scheduled operations yet (but keeps on announcing that it will be ordering additional aircraft ... for routes it hasn't started!) and two airlines that are commercial nightmares.
I hope Tony Gram doesn't find out the hard way how true Richard Branson was when he said "I was once asked the question "how do you become a millionaire?" - the answer is be a billionaire and start an airline!"