777200
Topic Author
Posts: 54
Joined: Mon Aug 30, 1999 10:26 pm

Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 2:48 am

Watch out, here comes the sharks of the air.
Swissair´s parent SAir Group wants to buy one of the Brazil´s top airlines. Somebody has to stop this, because they want to control the aviation in the world. 
 
AFa340-300E
Posts: 2115
Joined: Tue May 18, 1999 3:49 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 2:56 am

Hello,

SAirGroup alone won't buy the rest of the aviation industry. In the recent talks for the Air Liberté take-over they were already short in money, and Air France apparently didn't get the deal for reasons other than money.

Don't worry about that...  

Regards,
Alain Mengus
 
AFa340-300E
Posts: 2115
Joined: Tue May 18, 1999 3:49 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 2:57 am

Hello,

SAirGroup alone won't buy the rest of the aviation industry. In the recent talks for the Air Liberté take-over they were already short in money, and Air France apparently didn't get the deal for reasons other than money.

Don't worry about that...  

Regards,
Alain Mengus
 
TCA256
Posts: 695
Joined: Sat Dec 04, 1999 3:59 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 3:28 am

I wonder why some hate so much Swissair ?? Anyway,
what would be the bad thing if they bought a top brazilian company ?? isn't the law of the market ?? if
you have the money to buy your rivals, go on !!

I don't mind if SAIR, KLM, LH or any other european
company buy Air Liberté...the most important thing
is to have competitors for crushing AF prices at last....isn't the best for us ?? dear travellers ??  
 
avion
Posts: 2126
Joined: Tue May 18, 1999 1:28 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 3:31 am

When Delta takes over Western or when Continental takes over PeoplExpress everything is okay but when Swissair does it and lets them keep the name everybody is angry.

Thanks

Avion
 
CV990A
Posts: 1385
Joined: Sat Sep 04, 1999 6:04 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 3:55 am

Just a question- which Brazilian Airline? Certainly not VARIG? Also, who really cares about which airline owns which other airlines? Aren't all the Alliances just the same sort of thing- working w/ other airlines to make more money...
Kittens Give Morbo Gas
 
teahan
Posts: 4988
Joined: Sun Nov 21, 1999 11:18 pm

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 4:02 am

Swissair exagerate, that's all!

Jeremiah Teahan
Goodbye SR-LX MD-11 / 6th of March 1991 to the 31st of October 2004
 
TCA256
Posts: 695
Joined: Sat Dec 04, 1999 3:59 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 4:06 am

Swissair exagerates maybe for the appetite on the
market but what's the matter when the service is
far better compared to their neighbours   !!!! The
main thing is low price...SAIR shouldn't have the
monopoly on the market...it's impossible...but I would
be glad to see them as competitor in the french sky:
low fare prices for all !!!!!!!

cheers,
 
avion
Posts: 2126
Joined: Tue May 18, 1999 1:28 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 4:11 am

Below is the yahoo article:

All i can say is: Watch out StarAlliance! The empire strikes back!    

Avion

Swissair looking to buy Brazil airline--paper
SAO PAULO, May 11 (Reuters) - SwissAir parent SAirGroup wants to buy at least one of Brazil's top airlines and is planning joint flights between Brazil and Switzerland as the first step, a local newspaper reported Thursday.

Daily Folha de S.Paulo quoted Markus Altenbach, SAirGroup's chief representative in Brazil, as saying closer links could result from the joint flights.

``Who knows, maybe later we can turn (into) shareholders,'' he told the newspaper.

Quoting sources, Folha said the Swiss company was negotiating with Brazil's biggest air company, Varig , as well as Transbrasil , the country's No.4 airline.

The newspaper said Swissair could initially sign a deal with one of the top airlines that operate international flights to jointly manage daily 240-seat flights between Brazil and Switzerland.

But ultimately, the Swiss group was looking for acquisitions.

Folha reported that, following the operational agreement signed earlier this month between third-ranking TAM and Transbrasil, the SAirGroup may target the so-called TAMbrasil alliance.

Although denied by TAM and Transbrasil, analysts viewed the deal as a first step toward a merger. Many analysts expect consolidation in the sector, which is still suffering from the January 1999 currency devaluation that raised dollar-linked fuel and leasing costs, while slashing passenger numbers.

According to Folha, the Swiss company had ruled out any deal with No.2 airline Vasp, which is restructuring to ease its debt burden and is cancelling all international flights from mid-May.

Varig has a fleet of 82 aircraft operating on local and international routes. Tam has 60 aircraft and Transbrasil has 22.

Transbrasil officials said they hoped teaming up with Tam would give the two airlines 46 percent of domestic market against Varig's 45 percent.

SAirGroup earlier this month bought British Airways' unprofitable French domestic unit Air Liberte.

 
ZRH
Posts: 4371
Joined: Tue Nov 16, 1999 11:32 pm

Where Is The Problem?l

Sat May 13, 2000 4:17 am

Hey 777200
Where is the problem? SAirGroup could buy many other airlines and they would be still smaller than DL, United, AA, BA or LH. All these airlines are larger than SAir ever will be. When you want to survive in these days you have to have a certain size. That's the policy of SAirGroup, nothing else.
 
avion
Posts: 2126
Joined: Tue May 18, 1999 1:28 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 6:19 am

If Swissair gets Varig then the Star Alliance has a huge problem.


Avion
 
goooooaaal
Posts: 70
Joined: Sun Apr 02, 2000 8:50 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 8:46 am

SwissAir is a great airline, one of the world's best (which is very surprising to me considering that the Swiss never had any balls), but they won't take over the aviation industry. They could never even take over Varig which is really the Brasilian flag carrier. Maybe they could acquire TAM, a relative newcomer, but I doubt it considering the demise of VASP, because TAM has become the airline of Sao Paolo, a huge and powerful financial center. Transbrasil I also doubt as they are well established and secure.

Anyway, if Switzerland is going to be all neutral it should just mind its own business anyway. "You have to stand for something or you're going to fall for anything!"
 
Rafabozzolla
Posts: 968
Joined: Sun Apr 30, 2000 1:27 pm

Swissair Acquisition, Forbidden By Law

Sat May 13, 2000 1:14 pm

No one mentioned a small detail, according to brazilian laws a foreing company can buy only 20% of a local airline. A bill is on the brazilian congress to allow a 49%stake, but its unlikely to pass.
 
avion
Posts: 2126
Joined: Tue May 18, 1999 1:28 am

RE: Swissair Acquisition, Forbidden By Law

Sat May 13, 2000 7:26 pm

Because Brazil is a fromer Colony of Portugal, Portugal is expempted from this rule. Swissair can aquire Vasp or Tam through Air Portugal.

Avion
 
TCA256
Posts: 695
Joined: Sat Dec 04, 1999 3:59 am

RE: Swissair To Buy One Of The Brazilians Airlines

Sat May 13, 2000 10:05 pm

Avion,

Swissair is linked to Air Portugal by Qualiflyer agreement,
that doesn't mean that Swissair owns Air Portugal so
it's incorrect to say that they could buy a brazilian
company through this portugese one...!!! They should
first get all stakes in Air Portugal then maybe later
thinking about Brazilian business..not before...

Oooh by the way, SAIR group is NOT qualiflyer group !!!!

take care,

Who is online