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FlyPIJets
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Airlines Owned By Other Companies

Mon Oct 13, 2003 10:20 am

I was thinking today about my beloved and long gone Piedmont Airlines.

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How USAir ended up with PI is an interesting story. Back during 1986-87, when PI was up for sale, there was a bidding war between USAir and the Norfolk-Southern Corp. N-S Corp is a intermodal railroad, and I think it wanted an air freight division. How interesting it would have been if they ended up with PI instead of USAir. I can imagine the PI routes would have stayed about the same but with a very large freight division by now. Anyone care to draw fantasy livery a 747-400F in PI colors!?!

Anyway, I was wondering, what airlines are owned by companies in other lines of business other than pax/cargo air transport?

I don't really count FedEx and UPS and the like, their air divisions are such an important part of their line of business.

Virgin Atlantic comes to mind, isn't it part of the vast Virgin empire  Big grin

What others?

Do you think this type of merger would be good or bad for the airlines? (Maybe NWA and the Union Pacific Rwy)
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UAL747
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 10:27 am

I think Austrian has a stake in Lauda Air. Could be wrong...but I've seen their names on the Aircraft registry site as owning a few 777's.

UAL747
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jeffrey1970
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 11:06 am

Air Jamaica is owned by Sandals.

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Jeff
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L.1011
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 11:13 am

Asiana is owned by Kumho, a heavy industrial and development conglomerate.
http://www.kumho.co.kr/eng/categories.htm
 
Marara
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 12:24 pm

Midwest Express was owned by Kimberly Clark - dont know if they still are
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chepos
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 12:56 pm

Continental owns 49% of Copa Airlines
I also believe Champion Air is partly owned by Northwest

Chepos
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chepos
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 1:02 pm

Evergreen (the shipping giant) owns EVA AIR
Sorry about the above ones I kinda misinterpreted the thread.
Chepos
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FlyPIJets
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 1:19 pm

Marara

I too remember hearing that Kimberly Clark started Midwest, but I checked their website, says that Midwest is owned by Midwest Holdings and that company is listed on the NYSE. I am guessing that K-C is the largest share holder of Midwest. I guess that makes Midwest the reverse of what I was asking. A company with no involvement in avaition, starts an airline and spends it off.


--FlyPIJets
Rex Kramer: Get that finger out of your ear! You don't know where that finger's been!
 
SunValley
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 1:39 pm

Cathay Pacific is owned by the Squire Group, and each of their aircraft has the Squire Logo on them.
 
aal777
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RE: Airlines Owned By Other Companies

Mon Oct 13, 2003 2:15 pm

I think you are talking about the "Swire Group". It owns about 46% of Cathay Pacific. A multinational group which other businesses include real estates, beverages.....etc.
 
andersjt
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RE: Airlines Owned By Other Companies

Tue Oct 14, 2003 2:24 am

Before the acquisition by PeoplExpress, the parent for the original Frontier Airlines was General Tire.
Oh how I long for the day when the skies were truly Friendly!
 
bobnwa
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RE: Airlines Owned By Other Companies

Tue Oct 14, 2003 2:38 am

Wings Holdings owns controlling interest in Northwest.
 
copaair737
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RE: Airlines Owned By Other Companies

Tue Oct 14, 2003 2:45 am

Mair Holdings owns Mesaba and Big Sky
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FlyPIJets
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RE: Airlines Owned By Other Companies

Tue Oct 14, 2003 3:02 am

I find it all rather interesting. For the most part, airlines are all stand alone businesses. No wonder they are so suseptable to swings in business cycles. They are companies that only offer a single product in the market place.

But there are a few that are different.

Virgin is part of a company the specializes in retail. EVA is part of a shipping company. Air Jamaica part of a hospitality company(?). Asiana and Cathay both are part of Asian mega-conglomerates.

I suspect once things start to calm down for the airlines, we will see another round of mergers and consolidation. I wonder if there are better options for airlines by hooking up with other industries other than merging multiple-questionable businesses together.

Like say GE owning UA. Marriot owning Midwest.
Rex Kramer: Get that finger out of your ear! You don't know where that finger's been!
 
ntspelich
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RE: Airlines Owned By Other Companies

Tue Oct 14, 2003 3:06 am

Virgin Atlantic comes to mind, isn't it part of the vast Virgin empire .

Not really. SRB sold off his Virgin holdings and ownership in order to gain capital for VS.

NS
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