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BMI - it's not really for sale anymore

PostPosted: 03 Nov 2009, 19:42
by slinky09
See here.

I am glad VS didn't go through with it ...

PostPosted: 03 Nov 2009, 20:56
by Scrooge
So explain to me, you have someone with the pockets of SRB, why not buy the airline and sell off the slots ? and walk away with a few aircraft and money in the bank ?

PostPosted: 03 Nov 2009, 22:59
by slinky09
quote:Originally posted by Scrooge
So explain to me, you have someone with the pockets of SRB, why not buy the airline and sell off the slots ? and walk away with a few aircraft and money in the bank ?


You have 4,500 staff to pay redundancy to
You have aircraft to sell at probably below book price
You have to sell slots in a depressed market, and a glut of them
You suffer the bad publicity
You spend all your management time on a non core activity
You have to cancel people's flights, their holidays, their trips to dying relatives
You have to run the airline at a huge loss (est. 200m this year on 1bn sales) until you manage all of the above

Boy, I'd give it the widest berth possible!

PostPosted: 03 Nov 2009, 23:30
by Scrooge
All very true.

PostPosted: 03 Nov 2009, 23:38
by slinky09
quote:Originally posted by Scrooge
All very true.


Which, I'd guess, is why no one has offered LH a good price for the poor old airline.