#729117 by Scrooge
03 Nov 2009, 20:56
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 ?
#729132 by slinky09
03 Nov 2009, 22:59
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!
#729134 by Scrooge
03 Nov 2009, 23:30
All very true.
#729135 by slinky09
03 Nov 2009, 23:38
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.
Virgin Atlantic

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