dfdubflyer wrote:IAG has an excellent track record with these sorts of deals and I’ll be interested to see if they make similar moves as other airlines struggle.
Can’t see this being anything but a win for Niki employees, DACH consumers, and -hopefully - AAdvantage members with some additional routing possibilities within th continent (as we currently have with Vueling).
PS - perhaps it’s because I speak Spanish but I don’t understand the confusion on vueling. Perhaps an umlaut would be a fun nod to the Germanic Vueling arm!
BAorNoWay wrote:Agreed! IAG has industry leading returns on capital for a group that consists mainly of ‘legacy carriers’. If you compare the financial performance of the Lufthansa Group and IAG, it is interesting to note that whilst LH Group has approx €10 billion more in annual revenues, IAG makes a similar amount of annual profits as the LH Group despite its annual revenues being around €22 billion. Now I know there will be many reasons behind this including tax rates etc, but it is clear that IAG group are clearly out performing LH Group.
LH Group led the way with European consolidation buying up flag carriers like penny sweets in the past. They have been highly successful and I have a lot of respect for the group but I can’t help but wonder if the LH Group needs to focus more on cost cutting and improving efficiencies within its airlines.
SamYeager2016 wrote:I'm not quite so effusive about IAG's performance. They have done very well in cutting costs both in BA and especially in IB. I do however wonder if they are in danger of getting carried away in chopping costs on their "premium" airlines particularly when it becomes very noticeable to customers.
SCQ83 wrote:seahawk wrote:I agree that Vueling is not a shining brand either, but Niki is also badly damaged. Level could be a solution indeed.
Also NIKI is quite a bad brand name outside the German-speaking world (no offense to Niki Lauda). In Spanish it sounds really stupid/amateur and I suspect English speakers will think of Nike.
asdf wrote:that brand hyping seems to be a US thing ....
Kilopond wrote:There are already several threads on this set of topics.
However, those pettifoggers (owning claims of only 1800 Euros) just suck! They harm IAG, they harm Niki employees, they harm future competion - they are just disgusting creatures!
What percentage of slots does Niki own at the respective airports, MUC/VIE/DUS/ZRH? Are there any other airports NIKI has slots that are attractive?
BR715 wrote:... because Mr Lauda seems to have managed to mismanage every one of his former airlines so far.
I guess IAG wants to start "NIKI new" that quick in order to get ahead of Wizz, which begins flights ex VIE in April (Danzig, VAR, Tuzla), some in June (Rome, TLV, Valencia, Bari, MLA), the rest in November (Bergen, Billund, DTM, Kutaissi, Teneriffa, SKG, Nis, Ohrid, LCA). By this the brand NIKI, which is quite popular in Austria, keeps staying in peoples minds .
NIKI new will most probably fly mainly the "Palma shuttle" and to destinations on greek islands during the season, some destinations in Spain, Sicilly, Sardinia, Corsica and Portugal also likely, maybe Croatia too (Split, DBV). NIKI old flew different summer-destinations ex SZG and LNZ, it remains to be seen, if NIKI new will take over those as well. In winter the same applies for incoming ski-tourism flights to SZG and INN from Scandinavia, Great Britain & eventually Netherlands.
So yes, some, but not too much direct competition between NIKI new and Wizz, IMHO.
(I personally don't care about FR. Know from people who flew them ex BTS - they suck !)
Brixerl wrote:I expect hard facts, that proof your allegation. Only to say „seems“ is not enough. I would love to hear from you, elaborating about possible mismanagement.
In 1979, the successful Formula 1 racer founded the "Lauda Air" (I) together with the tour operator ITAS (which went bankrupt in the 1990s) , which started operation with initially two Fokker 27s. Later, a third machine was leased, but already in 1983, the airline had to cease operations. Of course, this was not the fault of the management. Instead, the oh-so-naughty AUA and idle politics had contributed to bankruptcy, so it is still rumored by Lauda's followers - and their "great master" does not contradict this portrayal.
Two years later, the next attempt with Lauda Air (II) followed, flown with two BAC 1-11 (...) But once again Niki Lauda did not manage to lead his airline economically successfully.
In response to political pressure (...), the AUA gradually had to take over the highly indebted and de facto almost insolvent Lauda Air until 2001. AUA then had quite a hard time chewing on the sale and leaseback contracts previously set up by Niki Lauda.
In 2003, Niki Lauda bought some airbuses from the bankruptcy estate of Aero Lloyd Austria. (...) and founded a new aviation company called FlyNIKI, today known as NIKI. A few months later, he brought Air Berlin on board. NIKI was never really independent on its own. (...) Crew and route planning, booking systems, etc. - all this was taken over by the German parent company.
In 2010, Air Berlin pumped another 21 million euros into the Austrian subsidiary and increased its stake to 49.9 percent. Niki Lauda remained on the board. But even then it was foreseeable that Air Berlin was in big economic difficulties and bankruptcy would only be a matter of time. Three years later, Niki Lauda pulled the ripcord and moved away from all functions at Air Berlin / NIKI.
Well they are definitely facts that can't be overlooked, I hope that username Brixerl is happy with them
zkojq wrote:Wonderful news! I'm glad it hasn't been bought by one of the EU3. Consolidation is bad for consumers, but this is great news.
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