This tag is associated with 2 posts

ABSTRACT: IAG (International Airline Group) acquires Ireland’s Aer Lingus and gains 23 valuable slots at Heathrow, while oneworld partner Qatar Airways buys 10% of IAG, Europe’s highly fragmented airline industry with 200+ airline groups where the top 5 airlines by traffic have a 46% market share compared to 87% in the highly consolidated and concentrated US market, and a new stage of European consolidations will soon begin, as state aid is all but gone now, and already in 2015 both Cyprus Airways and EuroLOT are shut down, Lufthansa Group and Air France-KLM Group both struggle with sustainable profitability and many of the remaining small carriers are waiting for a “white knight” before they go bankrupt, meanwhile most of the recent European airline acquisitions have been from outside of Europe, the industry is changing, and many airline bankruptcies are expected as there are no more “white knights” around like Etihad Airways to rescue the weak and struggling airlines.

The Irish national carrier, Aer Lingus is being acquired by IAG (International Airline Group, LSE:IAG), the 6th largest airline group in the world with revenue of $US 24.7 B (billion) and the parent of British Airways, Spain’s Iberia and LCC Vueling, valuing the airline at Euro 1.36 billion (+/- $US 1.53 billion). Under current CEO … Continue reading

ABSTRACT: LIAT “The Caribbean Airline” on the Brink of Doom – BUT Still in Denial and Brushes Off Calls for a MAJOR Restructuring, why is it that the Caribbean is a graveyard for airlines ? no local airline has been financially successful for any length of time if there is no government ownership, and even then they go bust ! I think it comes down to poor management and political interference and corruption ! where are the accounting books for LIAT ? hundreds of millions of EC taxpayers dollars have gone into the airline, where did it all go ? a black hole that no one dares to look into ? well the EC countries are running out of money, some close to defaults on loan and bond obligations and LIAT will have NOWHERE to turn to for money, and then ??

Today, Mr. David Evans takes over as CEO at LIAT “The Caribbean Airline”, 7 months after the previous CEO, Capt. Ian Brunton resigned over his attempt to turnaround the forever struggling regional airline that serves 22 destinations with around 112 flights per week and a current fleet of DHC-8-300’s and ATR-42-600’s and ATR-72-600’s as it … Continue reading