Germany's second largest airline, airberlin, filed for insolvency a month ago, on August 15, 2017. As we've known all along, the German government provided a loan of 150 million EUR so the airline could continue to operate while interested parties submitted bids for any or all of airberlin. Interested parties had until today to submit…
Continue reading: The Bids Are In: Who Is Interested In Taking Over Airberlin?
Share your questions, experiences, and thoughts below.
"Hi, we'd like to wait until we see all the other bids before providing our own. Thank you, LinkGlobal Logistics"
Is that how bidding works in China?
So, prospectus investor trying to buy AB's airport slot. Is the slot transferable without prior approval of the airport authority?
Nevertheless, its funny to see chinese corporation trying to impose their bussines culture to a german one. Lol
@Rob
Lol. I see its more likely along the lines of I have the money, so follow my time frame!
There is much more to the assets I'm sure but to me is it really worth buying?
The fleet is all leased so even if you wanted the planes wouldn't it just be better to negotiate your own lease instead of take over what they have?
They own "slots" so OK those could be valuable but most are in Germany so the real attraction to those is for LCC's who want a way in. I guess that is the real value at the end of the day.
There are now rumors in German media that IB is also interested in parts of AB.
(If true, my guess is they want some routes for VY.)
I see IAG's bid more as a defensive move to prevent an even larger portion of continental European market share falling into LH Group.
It's funny all the vultures who sat there with popcorn earlier while LH Group was the one trying to help out AB are now crying foul over how the Germany government is giving "favoritism" to LH.
i don't see how the bid by Hans Rudolf Woehrl will be successful. It sounds grandeur on paper by keeping everything as-is, but without rectifying the underlying problems, they'll be back on the road of rescue-and-bail-out just a few years later.
The BER airport delay is just a convenient excuse. Not even Changi Schiphol or Incheon grade airport could've saved AB from its fate.
@ henry LAX:
LH group helping AB out? Seriously? It's more like LH being the first vulture circling above the carcass.
@Flip : by your theory, then Ryanair et al must've been too dumb to jump onto that opportunity when it first presented itself.
@Rob and @James. For the Chinese company, it is more likely because they need state approval first. Nowadays , even for a legit private investment the Chinese government will put a close scrutiny to prevent large amount hard currency flow out of country. Although they have the largest foreign reserve among all countries, they are very nervous about a quick panic run of money.