One thing about making all the wrong moves possible is that they didnt think of these moves themselves. They were advised to make these moves by a very well known consultancy called McKinsey. These professional bullsh*t artists have no knowledge whatsoever about aviation, but they came up with the SR group idea. They wanted SR to buy marginal airlines. They wanted SR to go for a wider business scope. They wanted SR to buy SN. See what happened.

One of the first things Mr. Conti did according to 'the Economist' was get rid of McKinsey. Still, they made their money. I wonder what the partner would think when he gets into his (new)car and hears about SR going belly-up.

Of course the focus on catering and tax-free was not all bad. They can sell it now and make some money, but now the market is depressed.

One lesson we can learn about all this is that when oil prices are low and companies look attractive, dont aquire! Wait untill the oil price goes up and then buy them.


[This message has been edited by miles4all (edited 09-27-2001).]