yegbey01
Posts: 1349
Joined: Wed Nov 05, 2003 11:04 am

What If EK Acquires MEA...

Sat Feb 07, 2004 8:25 am

As we all know, the Lebanese government would like to sell MEA if the rpice is right.

Now, what if EK buys MEA. how would you feel?

I like to think that it would be a good combination. It would give MEA the aircraft it so needs and will allow the combined company to open up a bunch of routes...

Here are a few that EK would really benefit from the BEY potential:
DXB-BEY-BER
DXB-BEY-BRU
DXB-BEY-CPH
DXB-BEY-ARN
DXB-BEY-AMS
DXB-BEY-MAD

dedicated BEY routes:
BEY-SYD
BEY-GRU
BEY-DKR
BEY-ZRH


Any thoughts...
 
BA
Posts: 10133
Joined: Fri May 19, 2000 11:06 am

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 9:18 am

I think Mohammad El-Hout that they want to sell MEA to Lebanese investers only to keep it a "home" airline.

So I think Emirates or any foreign airline is out of the question. I believe they want multiple Lebanese investers to take a piece of MEA rather than 1 big airline or company owning it.

Regards
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
airxliban
Posts: 4285
Joined: Wed Oct 01, 2003 12:14 pm

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 10:26 am

What if MEA acquires EK? That would be nice.

Actually I believe that Mohammed El-Hout said that MEA is not quite ready for privatization and then he doesn't anticipate it happen for at least 5 years (this was in 2002).

PARIS, FRANCE...THE BEIRUT OF EUROPE.
 
yegbey01
Posts: 1349
Joined: Wed Nov 05, 2003 11:04 am

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 10:31 am

BA,
I wasn't aware of the fact that they would only want to sell it to local investors. Air France was a part owner until a few years ago. Maybe, they will want back in.

AirxLiban, Thanks for the info.

 
BA
Posts: 10133
Joined: Fri May 19, 2000 11:06 am

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 11:27 am

Yegbey01,

Air France had a 20% stake in MEA, but I am pretty sure their plan was always to sell it back to the Lebanese government.

Air France was basically "hired" to "fix-up" MEA and that it why they formed the partnership back in 1998 and that's why they had a 20% stake for a while.

France still looking after Lebanon.  Smile

One good thing about colonialism.  Big thumbs up

Regards
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
toBEYwithMEA
Posts: 298
Joined: Mon Feb 02, 2004 4:22 pm

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 2:35 pm

I know MEA is owned by the the Central Bank of Lebanon well not all of it 99.3% who own the other 0.7%
toBEYwithMEA
MEA FLYING HIGH AND RETURING TO IT FORMER GLORY!
 
yegbey01
Posts: 1349
Joined: Wed Nov 05, 2003 11:04 am

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 3:17 pm

BA probably know the answer to this.
 
BA
Posts: 10133
Joined: Fri May 19, 2000 11:06 am

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 3:25 pm

The 0.7% is various private investers. I believe Rafik Hariri has part of that 0.7%.

Anyways, 0.7% of private investers certainly isn't enough to call it a privatized airline.  Smile

I don't think you'll see MEA privatized until at least sometime in mid to late 2005 at the earliest.

Regards
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
toBEYwithMEA
Posts: 298
Joined: Mon Feb 02, 2004 4:22 pm

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 4:08 pm

BA,
I'm a Airbus fan. If MEA do become privatized is there a chance that it will buy Boeings
toBEYwithMEA
Hey Yegbey01,, BA knows the answer to everything!!
MEA FLYING HIGH AND RETURING TO IT FORMER GLORY!
 
Azmi
Posts: 109
Joined: Tue Nov 18, 2003 8:01 pm

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 5:05 pm

If EK acquires MEA,will we still see the (arzi) on its tail?
fly all airlines,visit all countries
 
mozart
Posts: 2020
Joined: Thu Aug 14, 2003 12:21 am

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 5:38 pm

If Emirates bought ME - which, based on what was said above, sounds rather hypothetical - then maybe EK would finally join an alliance: EK and ME both in Skyteam!

Also, maybe EK would not fully acquire ME, but what if EK bought 49%, and the rest staid with a Lebanese-owned fund or something like that. This relationship could then develop into something like SQ-VS (hardly any commercial/marketing links, an almost purely financial stakeholding), something like LH-BD (distinct brands, but in the same alliance and systematic code-sharing), into something like EK-UL (turning a so-so airline into a premium player, with some commercial cooperation).

Or maybe - although less likely - ME could be taken over by Lebanese investors and then enter into a cross-shareholding with EK.

In any case, right now I am less worried about who could invest into ME. I would first like to see them on a stable and sustainable growth path, i.e. grow the network and the fleet, establish a premium reputation, and like this make itself more attractive to potential investors. A final thought: given the strong seasonality of ME's business on many routes, the ideal investor would be one that has a seasonal business as well, but in winter - great complementarity. Which would be such an airline?
 
toBEYwithMEA
Posts: 298
Joined: Mon Feb 02, 2004 4:22 pm

RE: What If EK Acquires MEA...

Sat Feb 07, 2004 5:56 pm

You can't find an airline like that Mozart, well at least not in the area.

toBEYwithMEA
MEA FLYING HIGH AND RETURING TO IT FORMER GLORY!
 
mozart
Posts: 2020
Joined: Thu Aug 14, 2003 12:21 am

RE: What If EK Acquires MEA...

Sun Feb 08, 2004 3:56 am

toBEYwithMEA, I am afraid you are right, otherwise I would have come up with one already... Even outside the region I cannot think of any airline whose peak is in Northern Hemisphere winter, unless maybe some small commuter airline flying to some ski resorts. But that would be no good for MEA...
 
toBEYwithMEA
Posts: 298
Joined: Mon Feb 02, 2004 4:22 pm

RE: What If EK Acquires MEA...

Sun Feb 08, 2004 4:01 am

You see my point

toBEYwithMEA
MEA FLYING HIGH AND RETURING TO IT FORMER GLORY!
 
FlySSC
Posts: 5179
Joined: Tue Aug 12, 2003 1:38 am

RE: What If EK Acquires MEA...

Sun Feb 08, 2004 9:13 pm

MEA will never be sold to EK. First because there is no interest for EK to buy MEA... and because even privatized, Lebanon needs a national airline, and MEA will remain in the hands of private Lebanese investors, and will remain THIS national airline. Member of SkyTeam  Wink/being sarcastic
 
Greg
Posts: 5539
Joined: Sat May 28, 2005 1:11 am

RE: What If EK Acquires MEA...

Mon Feb 09, 2004 1:03 am

Lebanon hardly needs it own airline. Other countries provide enough air service.
It's a miserable operation, anyway.
 
yegbey01
Posts: 1349
Joined: Wed Nov 05, 2003 11:04 am

RE: What If EK Acquires MEA...

Mon Feb 09, 2004 1:36 am

Greg,

When was the last time you ever flew MEA to call it "miserable". Their product is as good as EK. Brand new planes. what are you talking about?
 
toBEYwithMEA
Posts: 298
Joined: Mon Feb 02, 2004 4:22 pm

RE: What If EK Acquires MEA...

Mon Feb 09, 2004 1:38 am

Keep thinking that Greg, Keep thinking that
toBEywithMEA
MEA FLYING HIGH AND RETURING TO IT FORMER GLORY!
 
cedarjet
Posts: 8101
Joined: Mon May 24, 1999 1:12 am

RE: What If EK Acquires MEA...

Mon Feb 09, 2004 1:46 am

Emirates aren't going to buy MEA. I think MEA are doing fine, the fleet is gradually expanding and new long haul routes are being considered ie Brazil (presumably via W Africa) and if Air Canada aren't allowed to serve Lebanon, why can't MEA serve Canada (with an AC codeshare)? Wasn't the supposed reason for AC not being allowed to fly last year a function of the aircraft apparently being unsafe while on the ground at Beirut? Therefore, why not operate the flight with MEA metal?

I wouldn't take Greg's comment too seriously. They're one of the best airlines in the world for comfort, service, food, you name it. 149 seats on an A321 says it all. I don't think MEA fly within Texas so I doubt Greg knows what he's talking about.
fly Saha Air 707s daily from Tehran's downtown Mehrabad to Mashhad, Kish Island and Ahwaz
 
toBEYwithMEA
Posts: 298
Joined: Mon Feb 02, 2004 4:22 pm

RE: What If EK Acquires MEA...

Mon Feb 09, 2004 1:46 am

No, Yegbey01 let Greg think like that. You're missing out on the most underrated airline in the world Greg give one more shot if you don't like it then sorry man, somethings wrong

toBEYwithMEA
MEA FLYING HIGH AND RETURING TO IT FORMER GLORY!
 
MEA310
Posts: 633
Joined: Wed Feb 06, 2002 8:52 pm

RE: What If EK Acquires MEA...

Mon Feb 09, 2004 5:04 am

Greg

If so,why not suspend AA,UA,CO...the US has enough air service from major airlines worldwide..Weird comments out there  Wow!

MEA310
M5 Fastest Sedan On Earth