columba
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Air Berlin Buys DBA

Thu Aug 17, 2006 2:17 pm

Just seen in the news Air Berlin is buying DBA for 120 Millions €.
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
Tolmachevo
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 2:39 pm

Sorry- only in german at the moment- from Air Berlin website:


Frankfurt, 17. August - Die Air Berlin PLC hat 100 Prozent der Geschäftsanteile der dba Luftfahrtgesellschaft München erworben. "Wir konnten uns die Chance, unseren Wunschpartner zu gewinnen, nicht entgehen lassen", erklärte Joachim Hunold, der Vorstandsvorsitzende des Unternehmens, am Donnerstag in Frankfurt. Gleichzeitig präsentierte er die Finanzzahlen für das 2. Quartal 2006. Danach hat Air Berlin von April bis Juni 30 Millionen Euro Netto-Gewinn erwirtschaftet. Vor Zinsen und Steuern be-lief sich das Ergebnis auf 44,8 Millionen Euro. Die Übernahme der dba werde das Air Berlin-Ergebnis nicht belasten. Für das Jahr 2006 rechnet Hunold mit einem "deutlichen Gewinn".

Der Vertrag über den Kauf der dba-Anteile, der noch der Zustimmung des Kartellamtes bedarf, wurde am Mittwochabend in München unterzeichnet. Mit der Übernahme wolle Air Ber-lin ihr Wachstum sichern, erklärte der Vorstandsvorsitzende Joachim Hunold. Im Einzelnen nannte Hunold als Kaufgründe: "Die Streckennetze von Air Berlin und dba ergänzen sich hervorragend, weil es keine Überschneidungen gibt. Wir können die innerdeutschen Verbin-dungen von dba problemlos in unser europäisches Netz integrieren und damit den Anteil der Geschäftsreisenden deutlich erhöhen. Allein schon deshalb, weil wir mit einem Schlag 62 neue Corporate-Verträge gewinnen. Nicht hoch genug zu bewerten sind auch die dba-Slots vor allem an den Flughäfen München und Düsseldorf. An diesen Flughäfen hätte Air Berlin aus eigener Kraft kaum noch wachsen können. Vor allem in München verbessern wir jetzt unsere strategische Position." Hunold betonte, dass das Management der dba das Unternehmen seit der Übernahme von British Airways profitabel nach vorne gebracht habe. Mit dem Abschluss eines attraktiven Kaufvertrages für 25 Boeing 737, die ab 2008 geliefert und bislang geleaste Maschinen ersetzen sollen, habe es auch die richtige Entscheidung für die zukünftige Entwicklung getroffen.


Einheitlicher Markenauftritt

Die dba soll als eigenständige Gesellschaft unter dem Konzerndach der Air Berlin PLC weitergeführt werden. Martin Gauss und Peter Wojahn bleiben Geschäftsführer. Der Marktauf-tritt wird künftig jedoch unter dem Namen Air Berlin stattfinden ("powered by dba"). Soweit möglich, werden die Flugpläne für den kommenden Winter noch aufeinander abgestimmt. Ab 1. April 2007 wird es einen gemeinsamen Sommerflugplan geben. Durch eine optimierte
operationelle Planung könnten die Maschinenlaufzeiten beträchtlich erhöht werden. Hunold: "Im Sommer, wenn der Geschäftsreiseverkehr rückläufig ist, können wir die dba-Flugzeuge auf unseren touristischen Strecken gut gebrauchen. Andererseits bietet sich die Möglichkeit, die größeren Air Berlin-Jets von Fall zu Fall auf stark frequentierten innerdeutschen Rennstrecken der dba einzusetzen." Synergie-Effekte sieht der Air Berlin-Chef auch durch ge-meinsamen Einkauf, im Yield Management und in der Logistik. Durch den Air Berlin-Vertrieb werde der dba auch der Zugang zu 13.000 touristischen Reisebüros in Deutschland eröffnet.

Als Netto-Kaufpreis nannte Joachim Hunold "einen mittleren zweistelligen Millionenbetrag". Der werde aus den Barmitteln der Air Berlin PLC gezahlt; eine Kapitalerhöhung sei daher nicht erforderlich.


20 Millionen Passagiere erwartet

dba beförderte im Geschäftsjahr 2005/2006 mit ihren 29 Flugzeugen rund 4,3 Millionen Pas-sagiere und erzielte mit ihren 720 Mitarbeitern einen Umsatz von 404 Millionen Euro. Air Ber-lin zählte im vergangenem Jahr 13,5 Millionen Gäste und schrieb 1,215 Milliarden Euro Umsatz. Das Unternehmen betreibt derzeit 58 Jets. Zusammen rechnen Air Berlin und dba in diesem Jahr mit rund 20 Millionen Passagieren.

Anlässlich der dba-Übernahme veröffentlichte die Air Berlin PLC am Donnerstag vorzeitig den Bericht für das 2. Quartal 2006. Danach legte der Umsatz von April bis Juni auf 401 Millionen Euro zu. Im Vergleichszeitraum des Jahres 2005 waren es 330 Millionen Euro. Auch in der Halbjahresbetrachtung spiegelt sich die dynamische Umsatzentwicklung mit einem Plus von fast 15 Prozent wider: er erhöhte sich von 545,8 Millionen Euro (2005) auf 625 Millionen Euro (2006). Im operativen Geschäft trägt das im vergangenen Jahr begonnene Programm zur Effizienzsteigerung Früchte. Das EBIT stieg im zweiten Quartal um gut 400 Prozent auf 44,8 Millionen Euro (Q2 2005: 8,8 Mio. Euro) – trotz der Kosten von 13,7 Millionen Euro für den Börsengang. Nach Zinsen und Steuern hat Air Berlin im 2. Quartal dieses Jah-res 30,1 (-4,2) Millionen Euro Gewinn erzielt. Im Halbjahres-Vergleich wurde der operative Verlust, der in der Luftfahrt traditionell im 1. Quartal entsteht, damit mehr als halbiert auf 12,9 (28,2) Millionen Euro. Beim Netto-Ergebnis hat Air Berlin damit nach sechs Monaten mit ei-nem Minus von knapp einer Million Euro (2005: -43,1 Mio. Euro) praktisch den Break-Even erreicht. Da die Übernahme der dba das Air Berlin-Ergebnis nicht belaste, rechnet Hunold für das Jahr 2006 mit einem "deutlichen Gewinn".

www.airberlin.com
 
columba
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 2:46 pm

Quoting Tolmachevo (Reply 1):
Mit dem Abschluss eines attraktiven Kaufvertrages für 25 Boeing 737, die ab 2008 geliefert und bislang geleaste Maschinen ersetzen sollen, habe es auch die richtige Entscheidung für die zukünftige Entwicklung getroffen....
Die dba soll als eigenständige Gesellschaft unter dem Konzerndach der Air Berlin PLC weitergeführt werden.

DBA stays an independent company, the order for 25 Boeing 737s seems not to be affected.
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
moek2000
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 2:52 pm

Should we expect a new livery soon or will it remain the same?
 
Leskova
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 3:05 pm

Quoting Moek2000 (Reply 3):
Should we expect a new livery soon or will it remain the same?

Well, for the time being, they're saying that dba is going to remain a separate entity, but then again, they state that there'll be a single brand "Air Berlin" with the addition of "powered by dba" (somehow I had hoped we'd seen the last use of that dumb slogan with 'Thomas Cook powered by Condor'  Yeah sure )... so I guess the least we'll be seeing is planes in dba livery with Air Berlin titles.

My guess is that those planes will be in Air Berlin livery shortly.

Regarding the deal - it makes sense, and I had somehow expected it to happen at some point, but I certainly hadn't expected it quite yet... good for AB, and nice to see that LH will have to face a bit more headwind now.
Smile - it confuses people!
 
columba
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 3:12 pm

Quoting Leskova (Reply 4):
My guess is that those planes will be in Air Berlin livery shortly.

So AB stays an two manufacturer airline for some time since the DBA order will not be affected.
I guess the 737s will mostly used for routes within Germany.
What about the Fokker 100s currently used by DBA and AB ?
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
TriStar500
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 3:15 pm

This is a major surprise, although there had been rumors surrounding such an acquisition for quite some time now. It just always seemed too obvious that these two airlines, which do not have overlapping networks, but actually supplement each other pretty well, would come together under one umbrella.

If it works, we will have a second attractive alternative to the Lufthansa Group, which is great news for us customers. However, I always have my doubts regarding mergers of two financially fragile companies - as history has shown, this has often been the downfall of both companies.
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!
 
764
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 3:50 pm

My question is : Where does that leave LTU? dba and LTU have been cooperating very closely lately. So will this mean that there will be a more extensive alliance between LTU and possibly all of Air Berlin? The latter would really make sense, because LTU has recently proven itself unable to perform well in the European market, but they seem to have the longhaul down pretty good.
 
NoUFO
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 4:53 pm

Lufthansa won't like the news. AB is now by far their strongest competitor.
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PanHAM
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 5:04 pm

Quoting TriStar500 (Reply 6):
However, I always have my doubts regarding mergers of two financially fragile companies - as history has shown, this has often been the downfall of both companies.

Well, from what I have been reading about this, it is not a full merger. dba will be a company under the umbrella of the Air Berlin PLC. If things go bad, an Air Berlin company will fall, but not Air Berlin PLC.

Hunold is building up an empire of companies who all use the full synergie potential but if one does not make it, it will not immediately affect the rest of the apples in the basket.

Where does this leave LTU? The just days old news that LTU withdraws from the field and concentrates on DUS and MUC makes perfect sense now. Not only do they have domestic feeder, they now have international as well, from HEL to ZRH. Would not surprise me if they transfer all of their European destinations to AB inclduing the 320s and just concentrate on long haul routes . Perfect synergies.

Chapeau to Hunold !
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Flying-Tiger
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 5:11 pm

Quoting Columba (Reply 5):
So AB stays an two manufacturer airline for some time since the DBA order will not be affected.
I guess the 737s will mostly used for routes within Germany.

And I expect that AB only needs to sort out the details with Boeing to get out of this deal. Second option is that dba / Air Berlin officially takes them, and the they are then flown directly into Southwest's paint shop... I remember that there was some talk that WN has "opened up some 737-700 opportunities in Europe".

Makes absolutely no sense to bring in 73Gs now that they are strongly building up their A320 fleet, have just amended the order to include A319s as well.

Quoting PanHAM (Reply 9):
Where does this leave LTU? The just days old news that LTU withdraws from the field and concentrates on DUS and MUC makes perfect sense now. Not only do they have domestic feeder, they now have international as well, from HEL to ZRH.

Medium-haul and City-Flyers go to Air Berlin, the A320s stay, the A321s fly. LTU becomes a pure long-haul carrier, as far as I understand the profitable part of LTU. Perfect for AB: couple of different cost structures (cheap, cheaper, cheapest), they can always play the AB, LT and DI groups against each other for new ventures.
Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
 
perfguru
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 5:15 pm

That's what I call a pain in the A** for Lufthansa! Several times in the year I have to travel to Vienna from DUS and with AB it cost's me around 150€ and with LH about 900€. And the best thing is when it is Codeshare with Austrian the FA comes up and ask's me to spend 4€ for a dry peace of bread. HA! Hope to see the new merger running heavily on the business routes.
 
columba
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 5:18 pm

Quoting Flying-Tiger (Reply 10):
And I expect that AB only needs to sort out the details with Boeing to get out of this deal.

Well, if you see the statement on the air berlin homepage it says something different.
I expect that the F-100s will leave the fleet and DBA will use its 737 on intra-German routes maybe take some additional former AB aircraft while the A320 is used for medium routes within Europe and for charter flights.
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
Flying-Tiger
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 5:34 pm

Quoting Columba (Reply 12):
Well, if you see the statement on the air berlin homepage it says something different.

Papier ist geduldig...
Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
 
TriStar500
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 5:43 pm

Quoting Columba (Reply 12):
Quoting Flying-Tiger (Reply 10):
And I expect that AB only needs to sort out the details with Boeing to get out of this deal.

Well, if you see the statement on the air berlin homepage it says something different.
I expect that the F-100s will leave the fleet and DBA will use its 737 on intra-German routes maybe take some additional former AB aircraft while the A320 is used for medium routes within Europe and for charter flights.

Once the fleet of a particular type has reached a certain size (I remember something like 45+ aircraft), the economics of scale do not produce further benefits, so it would actually be not too much of a disadvantage to operate two large sized fleets of different types.

Sorry about the F-100, I really enjoyed the little Fokkers. Big grin
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!
 
blsbls99
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 6:08 pm

Wasn't DBA sold by BA over the past few years for one euro (or some small amount)?
319 320 313 722 732 733 735 73G 738 739 742 752 763 772 CRJ D9S ERJ EMB L10 M88 M90 SF3 AT4
 
PanHAM
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 6:50 pm

Quoting Flying-Tiger (Reply 10):
e profitable part of LTU. Perfect for AB: couple of different cost structures (cheap, cheaper, cheapest), they can always play the AB, LT and BA (Germany), NEW: Dba Luftfahrtgesellschaft (Germany)">DI groups against each other for new ventures.

Exactly, that's the way the cookie crumbles. Hunold builds up a sizeable counterpart to Lufthansa with a lean cost structure. It all builds perfectly well into what happened over the past 12 months.

Quoting TriStar500 (Reply 14):

Sorry about the F-100, I really enjoyed the little Fokkers

Its always good to have some little Fokkers around, they are flexible and don't cost too much, can run the off peak or the destinations like FKB. As long as they are not called Gaylord.  Big grin

Quoting Blsbls99 (Reply 15):
Wasn't DBA sold by BA over the past few years for one euro (or some small amount)

Not exactly, BA paid a couple of Million € to beauty the bride. Nice dowry and a nice overall ROI, now let's see what will happen with LTU. Mr Woehrl has to re invest the cash he made with dba, paying taxes would be a waste and neither Woehrl nor Hunold are known for wasting money.

.
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sorayafaradiba
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 6:52 pm

To be honest I was surprised when I heard the news this morning...So Air Berlin will be Air Berlin-DBA-Germanina-LTU...It wont be easy to turn four companies inton one...

DBA is much more business-orientated, so this merger might be a clever idea, on the other hand I wonder if you can really make a lot of money with domestic routes in Germany? What about LTU?

Probably there wont be much cooperation in the future between TUI (Hapag) and AirBerlin...

And hopefully they will change the livery...the present Air Berlin livery is absolutely not sexy at all...
 
PanHAM
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 7:03 pm

Quoting Sorayafaradiba (Reply 17):
s this morning...So Air Berlin will be Air Berlin-DBA-Germanina-LTU...It wont be easy to turn four companies inton one...

they will not be "turned into one" - AB will do the marketing,m they will use the synergies, there will be one check in team, one station at each airport, they will use every option to get the operations as lean as possible. But dba will be a sperate company under the umbrella of Air Berlin.

Quoting Sorayafaradiba (Reply 17):

Probably there wont be much cooperation in the future between TUI (Hapag) and AirBerlin

may be they are the next family member to join? If Maersk succeeds to buy TUI and they are only interested in Hapag Llloyd container shipping, who knows what is going to happen?
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TriStar500
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 7:27 pm

I am somewhat reluctant to believe that TUI would sell HF/X3 to an independent competitor. On the one hand, it rids the group from the problem to fill its own aircraft during slower periods, on the other it makes TUI totally dependant on thrid party airlines to transport their customers.
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!
 
PanHAM
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 7:44 pm

Quoting TriStar500 (Reply 19):
am somewhat reluctant to believe that TUI would sell HF/X3 to an independent competitor. On the one hand, it rids the group from the problem to fill its own aircraft during slower periods, on the other it makes TUI totally dependant on thrid party airlines to transport their customers.

That would not be TUI, that would be a possible scenario if Maersk would be successful in buying the whole company. But the topic is AB/dba who have a matching route structure and LTU is the odd one out. Ttheir fate is the most interesting thing right now, I's say.
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PADSpot
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 9:51 pm

Quoting Columba (Thread starter):
Air Berlin is buying DBA for 120 Millions €.

According to Joachim Hunold the price is in the medium two-digit millions. So something around 50 million € and could be paid from cash.
 
simairlinenet
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 10:57 pm

What is the possibility of Air Berlin adjusting its network and focusing its Germany-Mediterranean flights on major gateways through a more defined hub system rather than numerous low-frequency routes from secondary airports?

So instead of flying from smaller airports like Erfurt, Paderborn, etc. once or twice weekly, instead routing more flights through Dusseldorf, Munich, and of course Nuremburg?
 
airbazar
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:07 pm

Maybe a stupid question but what is DBA?
 
TriStar500
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:14 pm

Quoting Airbazar (Reply 23):
Maybe a stupid question but what is DBA?

There are no stupid questions, just stupid answers. DBA is the largest domestic-focussed German carrier (not including LH Group carriers) with a fleet of 15 B733 and 14 F-100.

https://www.flydba.com/app/fb.fly?l=en

[Edited 2006-08-17 16:15:35]
Homer: Facts are meaningless. You could use facts to prove anything that's even remotely true!
 
Humberside
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:18 pm

Quoting Simairlinenet (Reply 22):
What is the possibility of Air Berlin adjusting its network and focusing its Germany-Mediterranean flights on major gateways through a more defined hub system rather than numerous low-frequency routes from secondary airports?

So instead of flying from smaller airports like Erfurt, Paderborn, etc. once or twice weekly, instead routing more flights through Dusseldorf, Munich, and of course Nuremburg?

I dont think that would happen. Air Berlin could have reduced flights from smaller airports to Medterranean destinations as it developed PMI and NUE as hubs (many smaller airpiorts are linked to PMI and NUE) but this hasn't happenned
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AMSSFO
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:20 pm

Quoting Airbazar (Reply 23):
Maybe a stupid question but what is DBA?


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columba
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:21 pm

Quoting Airbazar (Reply 23):
Maybe a stupid question but what is DBA?


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Used to be Deutsche BA, British Airways German subsidiary but since they were loosing money on it they sold it to a German businessman.
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
A342
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:31 pm

From what I've understood, DI's 29 aircraft will be painted into AB colours over some time, so I think the Fokkers stay.

Also, why should AB sell the A321s if they also buy LT ? Their CASM is lower than A320 and there is basically no extra cost by keeping them.
Exceptions confirm the rule.
 
columba
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RE: Air Berlin Buys DBA

Thu Aug 17, 2006 11:42 pm

Quoting A342 (Reply 28):
Also, why should AB sell the A321s if they also buy LT ?

They won´t buy LTU anytime soon, they have a huge number of A32x family aircraft on order and just acquired DBA which also has an outstanding Boeing order.
They need some cash first before they can think on further acquisitions.
One thing at a time, of course it is a likely option that they will cooperate with LTU but nothing is settled so far.
Let´s first see how the AB/DBA merger comes out then we can think on a AB/DI/LT merger. Besides with the finacial shape of LT I don´t think that AB will take the risk. If LT is getting more profitable they will go for it, for now, don´t even think about it.
It will forever be a McDonnell Douglas MD 80 , Boeing MD 80 sounds so wrong
 
Thorben
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RE: Air Berlin Buys DBA

Fri Aug 18, 2006 12:14 am

LTU and DBA will not work together much longer now. LTU is already looking for a new partner, because they are too small by themselves.

See the interview with LTU's CEO (in German).

In my opinion that was a good move by Air Berlin. They will get planes and slots at some airports for a good price. LH will now face even stiffer competition in Germany, which is good for passengers. OTOH there is still no second real intercontinental player from Germany.
France 1789; Eastern Germany 1989; Tunisia 2011; Egypt 2011
 
A342
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RE: Air Berlin Buys DBA

Fri Aug 18, 2006 12:32 am

Quoting Thorben (Reply 30):

In the interview the guy says DE could be a partner for LT ! Hopefully not !
Exceptions confirm the rule.
 
Thorben
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RE: Air Berlin Buys DBA

Fri Aug 18, 2006 12:34 am

Quoting A342 (Reply 31):
In the interview the guy says DE could be a partner for LT ! Hopefully not !

Why "hopefully" not?

I think DE is not going to work together with them because they belong to LH.
France 1789; Eastern Germany 1989; Tunisia 2011; Egypt 2011
 
MCOflyer
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RE: Air Berlin Buys DBA

Fri Aug 18, 2006 1:13 am

Good luck. I hope the 737's stay.

MCOflyer
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johnnybgoode
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RE: Air Berlin Buys DBA

Fri Aug 18, 2006 1:24 am

Quoting Flying-Tiger (Reply 10):
Makes absolutely no sense to bring in 73Gs now that they are strongly building up their A320 fleet, have just amended the order to include A319s as well.

as Tristar has already pointed, if the both fleets are large enough, economies of scale could still support both types.

Quoting Columba (Reply 12):
expect that the F-100s will leave the fleet

i wouldn't necessarily say so. first, they are cheap to operate (low financing costs) and they do help to keep up the frequencies on some business routes, such as DUS-STN. to be honest, I wouldn't be surprised if they got a substitute fleet sometime down the road.

yes, the networks of AB and DI compliment each other, but the business model doesn't. it's quite an exaggeration, but to make a point, AB looks for Ryanair customers while DI is after LH customers.
also, DI is strongly unionized, while AB does not allow union participation at all.
this should make for some really interesting moves? will Hunold finally give in and let the pilots join the Vereinigung Cockpit? for sure, this merge is welcoming news for the Vereinigung Cockpit as they now have a new argument against Hunold...

rgds
daniel
If only pure sweetness was offered, why's this bitter taste left in my mouth.
 
A342
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RE: Air Berlin Buys DBA

Fri Aug 18, 2006 2:36 am

Quoting Thorben (Reply 32):
Why "hopefully" not?

Because fares to leisure destinations would rise, on intercontinental routes that is. If DE and LT would merge or closely cooperate, there would only be one player on intercontinental leisure routes from Germany. Assuming there won't be a new one.
Exceptions confirm the rule.

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