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