Next Global airline alliance in the making?

Discussion in 'General Discussion | Travel' started by guinnessxyz, Oct 5, 2013.  |  Print Topic

  1. http://www.nytimes.com/2013/10/05/b...irline-becomes-ally-to-european-carriers.html
    This spring, Etihad announced a $600 million deal with Jet Airways of India for a 24 percent stake and access to Jet’s coveted takeoff and landing slots at Heathrow Airport in London.

    In August, it snapped up a 49 percent stake in Serbia’s national carrier, Jat, joining forces with Belgrade to inject $100 million into the unprofitable airline that it plans to re-brand as Air Serbia in November.

    Mr. Hogan has hinted that Etihad has an appetite for still more. “We don’t have a shopping list,” Mr. Hogan said in a recent interview in Paris. But “we invest where we feel we can achieve a strong commercial agreement and work together on cost synergies.”
     
  2. YULtide

    YULtide Gold Member

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    Hmmmm.... they have stakes in Jat and Jet. I see a trend.

    Next will be Jit, Jot and Jut.... :D
     
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  3. canucklehead
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    canucklehead Gold Member

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    rushes to trademark Jyt - an airline who is a semipartner, like SQ! :p
     
  4. anileze

    anileze Gold Member

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    Flush with cash; easy petrodollars cash, they go shopping. Reminds me of the early 80s shopping sprees by same region, buying up tony properties in NYC at premium times 'n :D
     
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  5. And lots of new planes with great service.
     
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  6. bez7
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    bez7 Gold Member

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    Seems like they avoided the big problem of new airlines...startup capital
     
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  7. Wandering Aramean
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    Wandering Aramean Gold Member

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    And operating authorities. Buying in to the work someone previously did to establish and license operations can be quite affordable, especially if the predecessor managed to run in to financial troubles along the way.
     
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  8. bez7
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    bez7 Gold Member

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    I work for a company that is currently growing by aquisition. Much easier than trying to grow revenues organically. Amazing what you can do if you have cash!
     
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  9. anileze

    anileze Gold Member

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    Sometimes buying does not actually grow. Wcom, Nortel are two I know that did not survive, even though they ate many companies big and small.
     

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