Originally Posted by
FD1971
I am a fan of social security, high social standards, health insurance, unions reaching a consensus in the interest of all stakeholders, hence you can imagine that I am not a big fan of the US3 or ME3. @:-)
Well, I'm not particularly a fan of the US3 either (even though I have made plenty of money investing in their extraordinary financial turnaround). The US3 do one thing very, very well: they make money. It's kind of an American thing to do, of course. But I don't think the world would be "better off" if every airline was run like a USA airline. Certainly the traveling public would not be better off.
It is certainly interesting and helpful that there are "other ways" of making money operating an airline. For instance, it's a bit ironic that there is very little low fare airline service in the USA these days, even though the USA (through Southwest) basically invented the concept.
But the "other way" isn't for non-democratic nations to pour billions of dollars into subsidized airlines and then pretend that they're just really good businessmen. I'll take the transparency of the USA airlines over that any day.
Originally Posted by
FD1971
Word on the street; the ME3 are scared, because they do not know what the US3 really have.
In other words, they assume that the US3 only published a certain amount of information only to add more information later on (after the ME3 responded)
And that this is the main reason for demanding two years of time.
The worst outcome for Emirates...
They have to drop their pants and confess what everyone in the industry knows anyway.
I wonder what they have, too. Documents are nice but, c'mon, if you were investigating the ME3, what's the first thing you would do? You would track down the expat former managers and see what they will tell you. I'd be shocked if that hasn't be done, and I'm sure there have been some interesting conversations. In light of what is likely to be "out there," the game Tim Clark is playing doesn't strike me as a very smart one. We'll see.
BTW, the Emirates' comments that they need 2 years to reply to the allegations is quite funny. Obviously, it's much harder for outsiders to investigate than it is for insiders to understand their own books. I know many folks didn't like Anderson's comments about terrorists, but these comments make those look like a PR masterpiece.