yp6370
Posts: 185
Joined: Sat Apr 29, 2000 4:19 am

Niki Lauda To Take Over Aero Lloyd Austria

Sun Nov 02, 2003 5:33 am

Financial Times Deutschland reports that Niki Lauda is interested in buying Aero Lloyd Austria, a subsidiary of bankrupt Aero Lloyd Flugreisen Germany.

Lauda announced earlier, he is very interested in going into the low-cost market.

Maybe the birth of the first austrian no-frills carrier??
 
Sabena332
Posts: 14938
Joined: Wed May 09, 2001 3:57 am

RE: Niki Lauda To Take Over Aero Lloyd Austria

Sun Nov 02, 2003 5:37 am

I just heard the same news on the German news channel n-tv, sounds interesting.

Patrick
NZ1's mother is a disgusting crack-whore and his father is a worthless alcoholic!
 
godbless
Posts: 2680
Joined: Tue Apr 04, 2000 5:26 am

RE: Niki Lauda To Take Over Aero Lloyd Austria

Sun Nov 02, 2003 6:05 am

Niki really loves airlines... But doen't he as part of the deal with AUA have to stay away from this business until 2004? Ok, it's just 2 months away but with a bankrupt airline much can happen in that period...

If he does turn Aero Lloyd Austria (never knew that there was such a division...) into a LCC I do hope that he can give that "new" airline a spirit such as he gave to Lauda. Making it something special to fly.

How does he, btw, keep up with his hours on flying the 777 to keep his rating?

Max
 
CPH-R
Posts: 6064
Joined: Thu May 03, 2001 5:19 pm

RE: Niki Lauda To Take Over Aero Lloyd Austria

Wed Nov 05, 2003 9:51 pm

He's just purchased the 51 percent of Aero Lloyd Austria's shares. According to the paper I read the story in, it's going to cost 3-4 million £ to make them fly again, but according to Lauda, that won't be a problem.

His plans are to start in the coming summer, with 2 planes based in Vienna and hopefully adding another 2 later on.
 
airsicknessbag
Posts: 4626
Joined: Thu Aug 17, 2000 2:45 am

RE: Niki Lauda To Take Over Aero Lloyd Austria

Wed Nov 05, 2003 10:10 pm


>>>Maybe the birth of the first austrian no-frills carrier??

InterSky won´t be pleased to hear that  Laugh out loud

How fitting that Mr Ritter von Lauda now is playing white knight for Aero Lloyd. (For our non German speaking members: Ritter is the German word for knight.)

BTW, anybody knows how Lauda´s project to buy the remains of Spantax in the early 90s turned out? He certainly seems to have a faible for ruined airlines...

Daniel Smile
 
TriStar500
Posts: 4411
Joined: Thu Nov 04, 1999 9:50 pm

RE: Niki Lauda To Take Over Aero Lloyd Austria

Wed Nov 05, 2003 10:32 pm

I have to commend him for this brave business decision, but IMO he could have just as well burned the money.

Starting another LCC in a market which is starting to become overcrowded with
- huge competitors (FR, U2) expanding their fleets with 100s of aircraft during the next few years,
- against other airlines with financial powerful backing (4U, X3) ,
- or an already large presence in VIE (e.g. AB)?

Doesn't sound all too smart for me.

Anyway, don't get me wrong, I wish him the best luck. Another airline in the sky means more jobs and more variety for customers and spotters alike. I am just very skeptical of the long term success of this project.
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!
 
na
Posts: 9206
Joined: Sun Dec 12, 1999 3:52 am

RE: Niki Lauda To Take Over Aero Lloyd Austria

Wed Nov 05, 2003 10:58 pm

Lauda is a terrier, and very clever.
If he´s doing it, this venture has more chances than most of the other new carriers.
Good Luck, Niki.

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