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The Significance Of "Lloyd"

Sat May 01, 2004 11:43 pm

I posted this topic a couple of years ago, but no one seemed to know the answer, so let's try again:

Hapag-Lloyd, Aero Lloyd, Lloyd Aero Boliviano, etc.

Why do so many airlines (and shipping companies) use the word Lloyd? Where did it originate? What does it signify?

Lloyd happens to be my middle name, but I doubt that has anything to do with it.
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 12:03 am

I've also been very curious about that...
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 12:39 am

I believe 'Lloyd' is similar to 'company' 'corporation' or even 'enterprise' when used in Germany. Aero Lloyd and Lloyd Aero Boliviano were originally founded by German interests.

HAPAH-Lloyd is a division of the HAPAG-Lloyd shipping line. They go back to the early 20th Century and created from the merger of the two big German shipping lines Hamburg America Line and North German Lloyd.
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 12:54 am

The term "Lloyd" is/was a traditional appendix for insurance and shipping companies that published shipping register.
Well known names are Norddeutscher Lloyd, Germanischer Lloyd and Lloyd besondere Schiffsversicherungen.

[Edited 2004-05-01 17:56:55]
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 3:51 am

Thanks for asking that. It's something I've also wondered about. On this side of the pond we think of Lloyd as a persons name, either the first or the last. So finally we understand it's also a corporate function. Thank you NoUFO.
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 5:25 pm

@Nomadic: Slight correction: since a few years Hapag-Lloyd Flug (HF) is no longer part of the logistics activities (Hapag-Lloyd Shipping Lines, a few others). HF was taken out and integrated into the tourism giant TUI, however the name was kept due to PR reasons. The shipping/logistics business is kept in one unit and is likely to be sold rather soon (will be interesting to see who is buying them).


[Edited 2004-05-02 10:30:52]
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 8:06 pm

Where did it originate?

It's a good question - quite tough to pin down an answer.

From a bit of research, it seems like it originates from the Lloyd's of London maritime insurance company (itself named after Edward Lloyd's coffee house in London where merchants and maritime insurance folk used to meet, back in the late 1600s).

As the Lloyd's name became associated with respectability and reliability, shipping companies began incorporating it into their own name. This didn't just happen with British companies - other nationalities also tagged on the name "Lloyd" in order to give the impression of credibility (even dubious operations apparently used to bolster their reputation simply by adding the word "Lloyd"...)

As maritime services gave way to progress and the development of aviation, the name "Lloyd" transferred from shipping lines to air lines - Hapag-Lloyd being one example.
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 8:47 pm

Not such a big surprise when you consider the history of aviation, especially in Germany. The first airlines were actually called "Luftfahrt Reederei" - which would nowadays be translated as "Aviation Shipping Line". However, as the Zeppelins were around at that time, and the appropriate term is "Luftschiff " (airship, at least at that time the legal term). Now, the term "lloyd" somehow transferred over to aviation, and due to the close economic ties with South-America at that time the term "Lloyd" went over to South-America, too, and was then found in several airlines.

Actually the term "lloyd" must have originated from the "Norddeutsche Lloyd or NDL" - Hapag-Lloyd was only founded in the 1970 as the result of a merger between the HAPAG and the NDL.

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RE: The Significance Of "Lloyd"

Sun May 02, 2004 9:37 pm

Wait, it isn't in honor of Lloyd Bridges of "Airplane" fame?  Nuts
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 11:43 pm

Here in Colombia there was an airline named Lloyd Aereo Colombiano from 1594 till 1965, they had a fleet of C46´s and some Vickers Viscounts.
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RE: The Significance Of "Lloyd"

Sun May 02, 2004 11:58 pm

Wow... not only an airplane but also an airline in 1594... that's quite an accomplishment  Big grin
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RE: The Significance Of "Lloyd"

Mon May 03, 2004 7:12 am

I also wouldn't be surprised if many of the LLoyds aren't former pieces of Lloyd's that were eventualy sold off. Lloyd's is one of the first examples of a mega-company that owned so much that they were as much a holding company for others as one in their own right providing a specific service ( in their case insurance). So maybe it wasn't just a moniker to usefor other companies, but a trace of the mother ship.

An analogous example (for different reasons) is how after Standard Oil was broken up in the early 20th century, all the new companies still called themselves Standard Oil:Standard oil of New Jersey (now Exxon), Standard Oil of California (now Chevron) etc etc.

I'm not sure of this, but I would be interested to know for sure.
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