Oneworld
Topic Author
Posts: 24
Joined: Wed Jun 02, 1999 3:05 pm

Should A Spanish Airline Take-over Ltu?

Wed Nov 07, 2001 10:58 pm

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??

Kind regards

röbi@switzerland
 
User avatar
TS-IOR
Posts: 3539
Joined: Mon Oct 08, 2001 9:44 pm

RE: Should A Spanish Airline Take-over Ltu?

Wed Nov 07, 2001 11:13 pm



LTU has always been a major charter airline and even
if SR sell its shares,this won't affect its financial health.

German T.O.s like Jahn Reisen,TUI,...won't let this
opportunity and will invest in the capital of LTU if
they're not doing already!!!

 
LH744
Posts: 237
Joined: Thu Oct 11, 2001 8:26 pm

RE: Should A Spanish Airline Take-over Ltu?

Wed Nov 07, 2001 11:24 pm

Ts-ior,

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!

Rgds,Dennis
 
LH744
Posts: 237
Joined: Thu Oct 11, 2001 8:26 pm

RE: Should A Spanish Airline Take-over Ltu?

Thu Nov 08, 2001 12:01 am

Btw, it would fit into the actual situation (daughter airlines take over their mother... Crossair - Swissair, DAT- Sabena!?!).
Why shouldn´t LTE take over LTU!
 
gibberish
Posts: 411
Joined: Mon Sep 11, 2000 5:35 pm

RE: Should A Spanish Airline Take-over Ltu?

Thu Nov 08, 2001 12:40 am

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.

gibberish
http://groups.yahoo.com/group/Swissair
 
Flying-Tiger
Posts: 3933
Joined: Mon Aug 23, 1999 5:35 am

RE: Should A Spanish Airline Take-over Ltu?

Thu Nov 08, 2001 1:23 am

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.

Regards
Flying-Tiger
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karliboy
Posts: 253
Joined: Fri Oct 12, 2001 2:19 am

RE: Should A Spanish Airline Take-over Ltu?

Thu Nov 08, 2001 3:16 am

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!
thanks karl
 
Andreas
Posts: 5880
Joined: Tue Oct 09, 2001 7:56 pm

RE: Should A Spanish Airline Take-over Ltu?

Thu Nov 08, 2001 5:21 am

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
I know it's only VfB but I like it!
 
by738
Posts: 2656
Joined: Wed Sep 20, 2000 7:59 am

RE: Should A Spanish Airline Take-over Ltu?

Thu Nov 08, 2001 5:47 am

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.

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