got that from http://www.airliners.net/news
Huge interest as Swissair starts big sell-off
The disastrously troubled parent company of Swissair has started talks with venture capitalists over a sale of its ground-handling division as part of an expected £2 billion disposal of the company's non-core assets.
New SAirGroup chief executive Mario Corti is thought to have held early discussions with possible bidders for Swissport - likely to fetch Swfr1 billion (£410 million) - and is also said to be receptive to approaches for its Crossair commuter jets business and the giant Gate Gourmet airline catering operation.
One possible bidder described British, Continental and US venture capital firms as 'crawling all over' the three SAirGroup peripheral businesses. Swissport International is known to have attracted interest from the private equity arm of Britain's HSBC among other venture capitalists. A 1999 European Union directive meant airports had to give up their monopolies on ground-handling, opening the way for handling specialists to expand their operations across the Continent.
One source said: 'The venture capital guys can see a massive upside in that business, but there is great interest in all three divisions.'
British Airways has been cited as among possible candidates to take over Crossair. Its popularity among business passengers and regular flights into London's City and Heathrow airports could be attractive to BA chief executive Rod Eddington.
at first, i´d like to apologize if this topic drew anyone to attention who expected something more major or more specific, however, for the posts to be read, one needs to catch attention.
i´m certainly aware that all this is in a very premature state, but i think most of you agree that it sounds interesting, and surely deserves some discussion.
personally, i regard this still as rumours but if BA acquired LX, what could this lead to? what about swissair and oneworld?
and if LX will really be up for sale, i´m sure there will be other airlines which might be interested in LX as well, which was already being indicated in the text. perhaps air france, or possibly LH, although they´ve already got a high numbers of partner airlines in central europe and they already face heavy regulatory scrutiny. however, crossair is an excellent airline and for most airlines it´s certainly a valuable target...
If only pure sweetness was offered, why's this bitter taste left in my mouth.