FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 12:36 am

Latest news on TV say that Air Luxor has been sold to Long Stock Financial!!

It looks like HiFly, recently created by Air Luxor owners, will keep flying with the A333 and Air Luxor will be sold together with two A320.

Does any one have more details on this?
And what group is the "Long Stock Financial"?

Regards,

[Edited 2006-07-04 17:39:39]
 
User avatar
Buyantukhaa
Posts: 2290
Joined: Thu May 13, 2004 5:33 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 2:10 am

"Long Stock Financial" gives 0 on Google.

I'm surprised there is still anything to be sold. The Air Luxor main office was dismantled months ago and is still empty.
I scratch my head, therefore I am.
 
AwysBSB
Posts: 450
Joined: Tue Sep 20, 2005 2:58 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 7:47 am

Has TUI got interested in HiFly anytime?
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 7:45 pm

Quoting BuyantUkhaa (Reply 1):
"Long Stock Financial" gives 0 on Google.

Yes I know, I also tried it, and nothing!!!

Quoting AwysBSB (Reply 2):
Has TUI got interested in HiFly anytime?

Excuse my ignorance but what does "TUI" stands for?



About this process What I know is:

1- Air Luxor Belonged to Mirpuri family
2- Some months ago Mirpuris created HiFly
3- Contrary to what everyone thought HiFly was a 2nd Company and not just a name change from Air Luxor.
4- The planes belonging to Air Luxor and HiFly were (in the recent past) two A320 and one A333.
5-Air Luxor was sold to a Portuguese/Canadian financial group.
6- The two A320 will become air Luxor Property
7- The A333 will remain with HiFly.

Will these two companies focus on charters or regular flights?
-About HiFly, keeping the A333 they will probably focus on charters and keep on doing the same kind of flights that the A333 has been doing, for British and Australian Army and others.
-About Air Luxor, with the two A320, they will probably acquire some Wide-bodies and go charter, because I don't see much space where Air Luxor can successfully compete with TAP or Portugalia in Regular fligths.

Regards,

FP

[Edited 2006-07-05 12:52:14]
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 9:06 pm

Quoting BuyantUkhaa (Reply 1):
"Long Stock Financial" gives 0 on Google.

It was my fault!! Actually the name is "Longstock Financial Group"

Here are some news about this sell (sorry, only in Portuguese):

http://diarioeconomico.sapo.pt/edici...destaque/pt/desarrollo/667914.html

http://diarioeconomico.sapo.pt/edici...empresas/pt/desarrollo/667589.html

Quoting BuyantUkhaa (Reply 1):
I'm surprised there is still anything to be sold. The Air Luxor main office was dismantled months ago and is still empty.

According to one of these articles here is what can still be sold:

Air Luxor Holdings consist on:
-Air Luxor;
-Air Luxor S. Tomé e Príncipe;
-Air Luxor Guiné-Bissau;
-Air Luxor Tours

Air Luxor assets are:
-A320 fleet (2 planes);
-Traffic rights to Cabo Verde, S.Tomé e Príncipe e Guiné-Bissau.

Regards,
FP
 
User avatar
Buyantukhaa
Posts: 2290
Joined: Thu May 13, 2004 5:33 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 10:19 pm

"Longstock Financial Group" also gives 0 on Google  Smile

But Google news has more:

http://www.macauhub.com.mo/en/news.php?ID=1608

Lisbon, Portugal, 05 July - Private Portuguese air carrier Air Luxor has been sold to a group of Portuguese-Canadian investors, associated to the Longstock Financial Group, the Mirpuri Group said in a statement issued Tuesday.

The sales includes the entire capital of the Air Luxor holding company, which owns Air luxor, Air Luxor STP (Sao Tome) and Air Luxor SA)">GB (Guinea Bissau), as well as tour operator, Air Luxor Tours.

The main assets of the Air Luxor group, along with the Airbus aircraft fleet it operates and the contracts associated to them, are the traffic and flight rights to several markets, including Cape Verde, Sao Tome and Principe and Guinea Bissau.

The statement did not mention the value of the sale but indicated that the total turnover of the companies sold was 150 million euros in 2005.

Following the sale, the family-owned Mirpuri Group maintains some assets in the aviation industry, such as airline HiFly, which runs charter flights, and stakes in handling and airport management companies ALCV, SGAB, Safeport, in the maintenance and engineering company MESA, catering company LSky and in information technology company CPTI.

The Longstock Financial Group is a vehicle for investments in Portugal of a group of Portuguese-Canadian investors led by legal expert Vítor Pinto da Costa.

In a statement [...], Pinto da Costa said it was a priority to “stabilize and normalize the routes to Guinea Bissau and Sao Tome and Principe” and re-launch charter flight operations, for which it was necessary to acquire a third aircraft.


Interesting.

The new owners of Air Luxor plan to change the company’s name “soon” and re-brand the company’s image, “whilst maintaining the quality of its service.”

Oh yes, their fantastic service levels...
I scratch my head, therefore I am.
 
AwysBSB
Posts: 450
Joined: Tue Sep 20, 2005 2:58 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 10:46 pm

Quoting FlyPEGASUS (Reply 3):
Excuse my ignorance but what does "TUI" stands for?

TUI (Touristik Union International) is a tour operator that aims to be larger and larger.
As Air Luxor Holdings sells packages to several tourist destinations, I believe TUI would have stood for acquiring HiFly.

Quoting FlyPEGASUS (Reply 3):
The two A320 will become air Luxor Property

Will they really have to back to old color scheme?

View Large View Medium
Click here for bigger photo!

Photo © Miguel Cláudio
View Large View Medium
Click here for bigger photo!

Photo © Helmut Bierbaum


[Edited 2006-07-05 15:50:42]
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 11:26 pm

Quoting BuyantUkhaa (Reply 5):
But Google news has more:

http://www.macauhub.com.mo/en/news.p...=1608

Thanks BuyantUkhaa, great article about the subject!!!  

Quoting AwysBSB (Reply 6):
Quoting FlyPEGASUS (Reply 3):
Excuse my ignorance but what does "TUI" stands for?

TUI (Touristik Union International) is a tour operator that aims to be larger and larger.
As Air Luxor Holdings sells packages to several tourist destinations, I believe TUI would have stood for acquiring HiFly.

Thanks for the info, AwysBSB !!!
Actually it was the first time I heard about TUI!!
The only ones that I heard with interest on buying Air Luxor were EuroAtlantic Airways that has a participation from the touristic Group PESTANA. But that happened around February and for some reason, by March, the deal was off.

Regards,
FlyPEGASUS

[Edited 2006-07-05 16:31:44]
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Wed Jul 05, 2006 11:36 pm

Quoting AwysBSB (Reply 6):
Quoting FlyPEGASUS (Reply 3):
The two A320 will become air Luxor Property

Will they really have to back to old color scheme?

I don't think so, because of the following statment from the news posted by BuyantUkhaa:

Quoting BuyantUkhaa (Reply 5):
The new owners of Air Luxor plan to change the company’s name “soon” and re-brand the company’s image
 
AwysBSB
Posts: 450
Joined: Tue Sep 20, 2005 2:58 am

RE: Air Luxor Sold To Long Stock Financial

Thu Jul 06, 2006 10:36 am

Quoting FlyPEGASUS (Reply 7):
Actually it was the first time I heard about TUI!!

I cannot believe it was your first time!
Some airports in Portugal are just dominated by that company… here is Faro:

View Large View Medium
Click here for bigger photo!

Photo © Luis Rosa

 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Thu Jul 06, 2006 7:39 pm

Quoting AwysBSB (Reply 9):
I cannot believe it was your first time!
Some airports in Portugal are just dominated by that company… here is Faro:

Yes, you are right!!! I've seen them arroud, I just didn't associate that logo with the company "Touristik Union International".
But for what I've checked, they are not that big as an airline. They have only 7 planes (3x734 + 2x738 + 1x763 + 1xfocker100).

Regards
 
Pyrex
Posts: 4051
Joined: Thu Aug 25, 2005 7:24 am

RE: Air Luxor Sold To Long Stock Financial

Thu Jul 06, 2006 7:54 pm

Quoting FlyPEGASUS (Reply 10):
But for what I've checked, they are not that big as an airline. They have only 7 planes (3x734 + 2x738 + 1x763 + 1xfocker100).

They have several brands in different countries, not all of them TUI, so overall they are a very large airline: I believe that Hapag-Lloyd, for instance, belongs to them.
Read this very carefully, I shall write this only once!
 
debonair
Posts: 2708
Joined: Sat Jan 03, 2004 10:50 pm

RE: Air Luxor Sold To Long Stock Financial

Thu Jul 06, 2006 8:45 pm

Quoting FlyPEGASUS (Reply 3):

6- The two A320 will become air Luxor Property
7- The A333 will remain with HiFly.

And what will happen??? who is doing what???

HiFly charter-flights, no longer low-cost flights to europe and air luxor African-flights???

And why does have the company 2different names???
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Thu Jul 06, 2006 11:31 pm

Quoting Pyrex (Reply 11):
They have several brands in different countries, not all of them TUI, so overall they are a very large airline: I believe that Hapag-Lloyd, for instance, belongs to them.

Didn't know that. Which other airlines exist belonging to TUI?

Quoting Debonair (Reply 12):
And why does have the company 2different names???

When we first started to hear about Hifly averyone thoght it was just a renaming/rebranding of Air Luxor. The fact is that it was more than that, Hifly is a new airline, an independant entity from Air Luxor.
So Mirpuri family (owners of Air Luxor and Hifly) sold Air Luxor and kept Hifly.

About who is doing what:
HiFly remains only with one aircraft (A330-300) that is doing ACMI flights (presently to Australian Army). If they go for regular charters we will have to wait and see.
Air Luxor was sold with the two A320, and according to the article posted previously in this thread by BuyantUkhaa, the priority of the new Air Luxor is stated by its new president:

Quoting BuyantUkhaa (Reply 5):
In a statement [...], Pinto da Costa said it was a priority to “stabilize and normalize the routes to Guinea Bissau and Sao Tome and Principe” and re-launch charter flight operations, for which it was necessary to acquire a third aircraft.

The two existing A320 would be the Ideal for the mentioned african routes and the new aircraft to be acquired would be for charters (supposedly a Wide-Bodied arcraft).

Regards
 
AwysBSB
Posts: 450
Joined: Tue Sep 20, 2005 2:58 am

RE: Air Luxor Sold To Long Stock Financial

Fri Jul 07, 2006 1:57 am

Quoting FlyPEGASUS (Reply 13):
Didn't know that. Which other airlines exist belonging to TUI?

The main airlines of TUI are the Germans HapagFly & Hapag Lloyd Express, the British ThomsonFly, the Swedish TUIFlyNordic, the French CorsairFly, the Dutch ArkeFly, the Belgian JetAirFly and the Moroccan Jet4You.
HiFly would be a great new one for them  wink 
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Fri Jul 07, 2006 2:52 am

Quoting AwysBSB (Reply 14):
Quoting FlyPEGASUS (Reply 13):
Didn't know that. Which other airlines exist belonging to TUI?

The main airlines of TUI are the Germans HapagFly & Hapag Lloyd Express, the British ThomsonFly, the Swedish TUIFlyNordic, the French CorsairFly, the Dutch ArkeFly, the Belgian JetAirFly and the Moroccan Jet4You.

Thanks for this info and Links!!  bigthumbsup 

Quoting AwysBSB (Reply 14):
HiFly would be a great new one for them

You meant HiFly or Air Luxor (now that they are separate)?
I don't think that the Mirpuris will sell HiFly...
They kept the most profitable share of their business with HiFly (which is ACMI flights).
Regards
 
AwysBSB
Posts: 450
Joined: Tue Sep 20, 2005 2:58 am

RE: Air Luxor Sold To Long Stock Financial

Fri Jul 07, 2006 5:16 am

Quoting FlyPEGASUS (Reply 15):
You meant HiFly or Air Luxor (now that they are separate)?
I don't think that the Mirpuris will sell HiFly...
They kept the most profitable share of their business with HiFly (which is ACMI flights).

TUI would be very benefited if took over HiFly & Air Luxor, because that would enable a huge growth of TUI`s services to Brazil, Portugal, Caribbean, Mediterranean and Africa.
Thus TUI is able to present good proposals for Mirpuris and Longstock Financial Group.
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Fri Jul 07, 2006 9:09 pm

Hi,

Quoting AwysBSB (Reply 16):
TUI would be very benefited if took over HiFly & Air Luxor, because that would enable a huge growth of TUI`s services to Brazil, Portugal, Caribbean, Mediterranean and Africa.

I wouldn't consider "a huge growth" since Air Luxor and HiFly together would only add 3 planes (1xA333 + 2xA320) to TUI services. Unless you are considering a potential growth of both these companies.

Regards
 
AwysBSB
Posts: 450
Joined: Tue Sep 20, 2005 2:58 am

RE: Air Luxor Sold To Long Stock Financial

Fri Jul 07, 2006 11:42 pm

Hello, Pegasus!

Quoting FlyPEGASUS (Reply 17):
I wouldn't consider "a huge growth" since Air Luxor and HiFly together would only add 3 planes (1xA333 + 2xA320) to TUI services. Unless you are considering a potential growth of both these companies.

I am also considering the tour operator with hotels Air Luxor has in those mentioned places.
Furthermore, taking into account the increase of flights to/from Brazil that acquisition would enable, I would consider that a huge growth for TUI.
Regards,
Aerovias Brasília
 
FlyPEGASUS
Topic Author
Posts: 72
Joined: Wed Nov 16, 2005 2:24 am

RE: Air Luxor Sold To Long Stock Financial

Mon Jul 10, 2006 6:14 pm

Hi,
Just an update about Air Luxor fleet.
It looks like Air Luxor is strongly considering adding an A310 to its fleet to restart charter flights to Brasil.

Regards