FlyerTalk Forums - View Single Post - New airlines for SkyTeam
View Single Post
Old Nov 3, 2008 | 3:25 pm
  #31  
pbarnette
Suspended
 
Join Date: Sep 2005
Location: SEA
Programs: UA Silver, BA Gold, DL Gold
Posts: 9,779
Originally Posted by respectable_man
As I recall, AF/KL did not submit a binding offer. Anyways.... I agree that it will go to whomever buys it.
Yes, but as this was (supposedly) a scheduled bidding process, it might mean that they missed their chance. However, Lufthansa might be having cold feet (or at least be looking to sweeten the pot), which might cause the privatization deadline to be extended and let AF/KL back in. I wouldn't guarantee, though, that the same problems that scared off AF/KL in the first place won't rear up again - namely, that AUA is a loss-making airline loaded with debt.

Originally Posted by respectable_man
Isn't SK also partly owned by LH?
Nope. 50% is owned by the Scandinavian governments and the rest is publicly traded.
pbarnette is offline