yul332LX
Posts: 798
Joined: Sat Feb 07, 2004 5:15 am

Government Approves Lufthansa-Swiss Deal

Tue Mar 22, 2005 11:05 pm

''The Swiss cabinet has given the green light to a planned takeover of Swiss International Air Lines by Germany's Lufthansa, clearing the way for their boards to ratify the deal, sources close to the talks said on Tuesday.''

...

''Pending negotiations over landing rights, Lufthansa aims to take control of the remaining 51 percent within 12 to 18 months.''


http://news.airwise.com/story/view/1111488926.html
E volavo, volavo felice più in alto del sole, e ancora più su mentre il mondo pian piano spariva lontano laggiù ...
 
N79969
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

RE: Government Approves Lufthansa-Swiss Deal

Tue Mar 22, 2005 11:10 pm

Basically inevitable. I think the Swiss will lose some of the longer direct flights out of Zurich and Geneva in the long run. But this way, the company employees have a more secure future.
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 1:42 am

Actually it must be true but not yet official. The government only informed the two airlines and will come to the press after the airlines have done it.
 
Spike
Posts: 1110
Joined: Wed Feb 25, 2004 1:08 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 1:48 am

Nobody remembers that Chelsea are owned by a Russian, IBM by the Chinese or Swiss by Germans. Its just money, not identity. This is more of a cargo deal anyway.
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:05 am

Quoting Spike (Reply 3):
Nobody remembers that Chelsea are owned by a Russian, IBM by the Chinese or Swiss by Germans. Its just money, not identity. This is more of a cargo deal anyway

You are quite right. For me it is only important that we can keep long-haul flights to major cities in the world. BTW latest news: the contracts already will be signed tonight.
 
Orion737
Posts: 3044
Joined: Sat Jan 08, 2005 10:14 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:12 am

This isnt going to result in more services from French speaking Switzerland is it? Will we see yet more routes dropped from GVA in favour of Zurich?

I think its time a new airline, perhaps, called L'air Suisse took to the sky
 
yul332LX
Posts: 798
Joined: Sat Feb 07, 2004 5:15 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:16 am

Quoting Orion737 (Reply 5):
L'air Suisse

Bienvenue à bord de ''L'air Suisse'' bigthumbsup 
E volavo, volavo felice più in alto del sole, e ancora più su mentre il mondo pian piano spariva lontano laggiù ...
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:19 am

Quoting Orion737 (Reply 5):
This isnt going to result in more services from French speaking Switzerland is it? Will we see yet more routes dropped from GVA in favour of Zurich?

It depends what kind of routes you mean. LH is perhaps interested in more feeder flights to their hubs out of GVA. But regarding long-haul flights you simply have to be realistic. It seems that even ZHR could probably lose flights in favor of MUC and FRA. Switzerland is a too small country to have two airports with many long-distance flights. Even the much bigger Germany has only two airports of this kind (FRA and MUC).
 
copenhagenboy
Posts: 541
Joined: Fri Sep 14, 2001 11:03 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:34 am

Something interesting, today I read some place on the internet that Lufthansa will deliver 2 A340 to LX? But maybe to many rumors
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:39 am

Quoting Copenhagenboy (Reply 8):
Something interesting, today I read some place on the internet that Lufthansa will deliver 2 A340 to LX? But maybe to many rumors

This is already widely discussed in this thread:
Two more A 340 for Swiss
 
copenhagenboy
Posts: 541
Joined: Fri Sep 14, 2001 11:03 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:54 am

ZHR, thank you
Copenhagenboy
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:57 am

Quoting Orion737 (Reply 5):
This isnt going to result in more services from French speaking Switzerland is it? Will we see yet more routes dropped from GVA in favour of Zurich?

In the press conference of the Swiss government the minister of transport Bundesrat Leuenberger told, that he was informed by LH that they also are interested to restore more flights in GVA and BSL.
 
ckfred
Posts: 4694
Joined: Wed Apr 25, 2001 12:50 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 3:40 am

This does raise an interesting question. In all likelihood, LX will drop its codeshare with AA and other Oneworld carriers and join Star.

How many European carriers can Star have before one or more of them feel that it has become too crowded?

If I remember, there are LH, OS, TAP, BMI, Spanair, LOT, and SAS. With LX, that is 8 carriers.
 
fraT
Posts: 992
Joined: Wed Oct 01, 2003 4:32 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 3:46 am

Don't forget Air Croatia, Adria Airways and Blue 1 from Finnland.
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 3:50 am

The deal consists mainly:
-LH will takeover Swiss 100%
-Swiss stays a company with it's own brand within the LH group
-Swiss will become Star Alliance member
-the long-haul fleet of Swiss will be enlarged by two airframes (probably A 340)
-Zurich Airport will stay a long-haul hub besides FRA and MUC
-no other guarantees
-the contract will be signed tonight at about 2000h

[Edited 2005-03-22 19:53:43]

[Edited 2005-03-22 19:55:07]
 
Orion737
Posts: 3044
Joined: Sat Jan 08, 2005 10:14 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 3:54 am

Any chance of Lufthansa dropping the charges for drinks/snacks/meals on European flight on Swiss?
 
Beaucaire
Posts: 3888
Joined: Sun Sep 14, 2003 4:48 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 3:56 am

The biggest Star-hole in Europe remains France....
No partner-airline ,no strategic interest- afraid to face AF monopoly !
Please respect animals - don't eat them...
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 3:59 am

Quoting Orion737 (Reply 15):
Any chance of Lufthansa dropping the charges for drinks/snacks/meals on European flight on Swiss?

Ask LH. BTW I don't understand people whining about meals on flights lasting less than three hours. I don't need one. When I don't fly I also don't eat every two or three hours. On such a flight I only need water.
 
yul332LX
Posts: 798
Joined: Sat Feb 07, 2004 5:15 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 4:05 am

Airline Swiss flies under wing of Germany's Lufthansa

ZURICH (AFP) - The German airline Lufthansa took over ailing Swiss International Air Lines after major shareholders in the Swiss carrier approved a deal worth up to 310 million euros (409 million dollars).

...

Lufthansa said it expected to pay between 45 million and about 300 million euros for Swiss as the deal -- the full cost of which will depend on the German airline's share performance -- is gradually rolled out until 2008.


Switzerland's government said it had accepted Lufthansa's offer, even though it represented only a fraction of its investment, because other strategies would have put jobs at risk.
E volavo, volavo felice più in alto del sole, e ancora più su mentre il mondo pian piano spariva lontano laggiù ...
 
Regis
Posts: 281
Joined: Fri Jan 09, 2004 6:49 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 4:16 am

Does anybody know if Swiss Travel Club will remain unchanged or will be absorbed into Lufthansa's FF programme?
 
afay1
Posts: 1206
Joined: Mon Oct 29, 2001 2:37 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 4:19 am

As an aside, IBM's Thinkpad brand was sold to the Chinese, not the company itself. Anyway, it is sad that Swiss couldn't make it on its own, it is such a lovely airline. Sounds like it was inevitable though.
 
yul332LX
Posts: 798
Joined: Sat Feb 07, 2004 5:15 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 4:22 am

Quoting Regis (Reply 19):
Does anybody know if Swiss Travel Club will remain unchanged or will be absorbed into Lufthansa's FF programme?

I can't see why it wouldn't be absorbed by LH's FF program in due time.
E volavo, volavo felice più in alto del sole, e ancora più su mentre il mondo pian piano spariva lontano laggiù ...
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:07 am

The Swiss frequent flyer program will for sure disappear and will be integrated into LH because Swiss will be a 100% company of LH.
 
N5176Y
Posts: 309
Joined: Tue Mar 01, 2005 10:39 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:14 am

Quoting Spike (Reply 3):
IBM by the Chinese

IBM is NOT owned by the Chinese. IBM personal computers and laptops are owned and produced by Lenovo but that was a very SMALL part of IBM.
 
Regis
Posts: 281
Joined: Fri Jan 09, 2004 6:49 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:17 am

Quoting YUL332LX (Reply 21):
I can't see why it wouldn't be absorbed by LH's FF program in due time



Quoting ZRH (Reply 22):
The Swiss frequent flyer program will for sure disappear and will be integrated into LH because Swiss will be a 100% company of LH.

YUL332LX, ZHR:

How do you expect that to take place? Will LH offer one M&M point for each of my STC miles or will they just set a deadline for me to use my STC miles and then delete my STC account?
 
User avatar
ODwyerPW
Posts: 942
Joined: Thu Dec 09, 2004 6:30 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:19 am

What does that mean for the Embraer 195's on order?
learning never stops.
 
yul332LX
Posts: 798
Joined: Sat Feb 07, 2004 5:15 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:40 am

Quoting Regis (Reply 24):
How do you expect that to take place? Will LH offer one M&M point for each of my STC miles or will they just set a deadline for me to use my STC miles and then delete my STC account?

Most likely, yes. LH has zero incentive to dilute miles.

Quoting ODwyerPW (Reply 25):
What does that mean for the Embraer 195's on order?

As you said, they are on order. So, If LH wants to cancel the order (which I don't think is the case as LH migh very well order this type of aircraft someday), they would have to deal with the usual hefty fees related to cancellations.
E volavo, volavo felice più in alto del sole, e ancora più su mentre il mondo pian piano spariva lontano laggiù ...
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:49 am

Quoting YUL332LX (Reply 26):
As you said, they are on order. So, If LH wants to cancel the order (which I don't think is the case as LH migh very well order this type of aircraft someday), they would have to deal with the usual hefty fees related to cancellations.

The fact is that Swiss has to replace its regional fleet or give it up (that was one problem, lack of money). I could imagine that LH stays with the EMB 195.
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:53 am

Welcome on board...Swiss Herr Big grin
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 6:10 am

Quoting Backfire (Reply 28):
Welcome on board...Swiss Herr

Don't understand. What do want to say with that??
 
TUNisia
Posts: 1515
Joined: Thu Aug 19, 2004 3:24 am

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 2:51 pm

The article on SWISS.com has a timetable with a "Complete takeover of SWISS after securing traffic rights" scheduled for 2006/2007. What does this mean exactly? Will LH be axing LX routes? I thought LX was here to stay from now on and as a seperate brand? What am I missing?
Someday the sun will shine down on me in some faraway place - Mahalia Jackson
 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

RE: Government Approves Lufthansa-Swiss Deal

Wed Mar 23, 2005 5:40 pm

Quoting TUNisia (Reply 30):
Will LH be axing LX routes? I thought LX was here to stay from now on and as a separate brand? What am I missing?

LX stays a separate brand. But this is international politics. Switzerland (other countries too) has a lot of landing agreements with many other countries which only allow to land Swiss owned airlines (India, China). These traffic rights must be negotiated again that a totally German owned airline can use them. LH does not want to lose them.