Iksu
Posts: 26
Joined: Tue Nov 29, 2011 10:25 am

Finnair Joins Tatl JV With AA/BA/IB

Thu Mar 07, 2013 7:50 pm

Hi,

I think this is really significant for Finnair as currently they have only their own HEL-JFK route and by the end of the year it will be over 100 trans Atlantic flights with AY flight number with joint venture partners! After all the focus into Asia I see this as an excellent way to move forward into west and not only east. It's great to see this kind of cooperation and I only wonder if AY will have even deeper bonds with IAG in the future?

Quote from the press release:

American Airlines, British Airways and Iberia celebrate a key milestone today as fellow oneworld® alliance member Finnair announces its intent to join the transatlantic joint business, established by the three airlines in October 2010.

Once Finnair joins the transatlantic joint business later this year, customers in North America and Europe will have increased choice of flights and services as well as more convenient connections to flights across the Atlantic.

Link to press release:

https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=545229&lang=en

What do you think?
 
okay
Posts: 629
Joined: Tue Dec 12, 2006 10:11 pm

RE: Finnair Joins Tatl JV With AA/BA/IB

Thu Mar 07, 2013 7:58 pm

Maybe this thread will last  
Quoting iksu (Thread starter):
I only wonder if AY will have even deeper bonds with IAG in the future?

If one is to believe that no small airlines of Europe will survive and AY will be bought by one of the big names, I'd put my bet on IAG.
 
Iksu
Posts: 26
Joined: Tue Nov 29, 2011 10:25 am

RE: Finnair Joins Tatl JV With AA/BA/IB

Thu Mar 07, 2013 8:01 pm

I find it interesting that this happened now when the government after so many years of not wanting to sell AY stocks, have recently been talking about selling stocks for AY to find a partner   Just my personal conspiracy theory  
 
toobz
Posts: 729
Joined: Mon Jan 18, 2010 6:33 am

RE: Finnair Joins Tatl JV With AA/BA/IB

Thu Mar 07, 2013 8:52 pm

Very interesting! So how does this work? AY doesn't have that many flights of its own. AY gets 100 new flight numbers..what does IAG get in return but a a handful of Asian flights??
 
User avatar
GCT64
Posts: 1434
Joined: Sun Nov 04, 2007 6:34 pm

RE: Finnair Joins Tatl JV With AA/BA/IB

Thu Mar 07, 2013 10:28 pm

As the JV means joint sharing of profits and losses (based presumably on the proportion of the business that they are responsible for) then it means:

A. Finnair will only be exposed to a small part of the P&L on its own flight(s).
B. Finnair will benefit (in a very small percentage) from the totality of AA/BA/IB/AY TATL profits or lose (in a very small percentage) if the totality of AA/BA/IB/AY TATL makes a loss.

Essentially they are moving their risk/exposure from being focused on the P&L of their own flight(s) and spreading that risk thinly across the whole of the JV's TATL flights.

The positive/negative effect on IAG and AA will be negligible.

But I think the bigger message, as noted above, is "expect IAG to buy/try to buy AY"
Flown in: A30B,A306,A310,A319,A320,A321,A332,A333,A343,A346,A359,A388,BA11,BU31,B190,(..54 more types..),VC10,WESX
 
toobz
Posts: 729
Joined: Mon Jan 18, 2010 6:33 am

RE: Finnair Joins Tatl JV With AA/BA/IB

Fri Mar 08, 2013 8:06 am

Thanks for explaining that GCT!
 
User avatar
teme82
Posts: 1234
Joined: Fri Mar 23, 2007 6:38 am

RE: Finnair Joins Tatl JV With AA/BA/IB

Fri Mar 08, 2013 11:38 am

Quoting GCT64 (Reply 4):
But I think the bigger message, as noted above, is "expect IAG to buy/try to buy AY"

The only problem is the government. They can't sell the shares at the moment.
Flying high and low
 
User avatar
HELyes
Posts: 1436
Joined: Mon Oct 25, 2010 4:26 am

RE: Finnair Joins Tatl JV With AA/BA/IB

Fri Mar 08, 2013 3:13 pm

Quoting teme82 (Reply 6):
Quoting GCT64 (Reply 4):
But I think the bigger message, as noted above, is "expect IAG to buy/try to buy AY"
Quoting teme82 (Reply 6):

The only problem is the government. They can't sell the shares at the moment.

Government is ready to give up its majority holding, according to minister Heidi Hautala, timing is an other question.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos