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Delta eyes a stake in India's Jet Airways

Delta eyes a stake in India's Jet Airways

Old Oct 30, 2018, 2:23 pm
  #16  
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Originally Posted by Zorak
also don't forget that Richard Anderson is the anti-Christ and Ed Bastian is his hellspawn illegitimate love child
Compared to their predecessors, yeah pretty much. Neither Anderson or Bastian would have worked for the slave wages that Grinstein and Whitehurst did while they brought Delta through bankruptcy. It's sad that they go unrecognized.
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Old Oct 30, 2018, 6:57 pm
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That says Delta is the #2 carrier in Germany? That doesn't sound right, but maybe it is...
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Old Oct 30, 2018, 7:57 pm
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Originally Posted by CPMaverick
That says Delta is the #2 carrier in Germany? That doesn't sound right, but maybe it is...
Who would be higher for traffic to/from the US? You might intuitively think United (Lufthansa is obviously #1 ), but just like how Delta outsources its FR flying to AF, United outsources its DE flying to Lufthansa. It only flies to FRA, MUC, and TXL. Delta flies to DUS, FRA, HAM, MUC, and STR.

Admittedly United probably flies to FRA a lot more than Delta does any individual city, but perhaps Delta wins out by revenue (those non-stop premiums for biz can be significant to secondary cities like DUS and HAM).
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Old Oct 30, 2018, 9:17 pm
  #19  
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It seems Delta would be investing in a failed entity. Jet is broke.

https://in.reuters.com/article/jet-a...KBN1KO0EB?il=0
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Old Oct 31, 2018, 12:30 am
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Originally Posted by ethernal
Who would be higher for traffic to/from the US? You might intuitively think United (Lufthansa is obviously #1 ), but just like how Delta outsources its FR flying to AF, United outsources its DE flying to Lufthansa. It only flies to FRA, MUC, and TXL. Delta flies to DUS, FRA, HAM, MUC, and STR.

Admittedly United probably flies to FRA a lot more than Delta does any individual city, but perhaps Delta wins out by revenue (those non-stop premiums for biz can be significant to secondary cities like DUS and HAM).
United is Lufthansa, Lufthansa is United. Thats how JVs work. LH/UA are 1, DL is 2 and AA is 3.

same deal with Japan on the same slide, it is counting the JVs thus DL is 3rd to AA/JL and UA/NH.

BTW, Delta doesn't fly to HAM.
just ATL-FRA/MUC/DUS/STR DTW-FRA/MUC and JFK-FRA/TXL
Originally Posted by airmotive
Having seen the spaghetti sandwich bureaucracy involved with even the most simple project in India, I can only imagine the legion of lawyers that would be required (as well as political palms greased) to turn such a plan into reality.
And this is why I think if Delta were to get it in would be for single digit % with little money tossed in. Just enough to keep American away. I imagine any investment in AZ would be about the same. (but more so keeping LH away than AA)

Originally Posted by CPMaverick
That says Delta is the #2 carrier in Germany? That doesn't sound right, but maybe it is...
It is counting JVs so LH/UA is 1, DL is 2 and AA is a distant 3rd.

Originally Posted by readywhenyouare
It seems Delta would be investing in a failed entity. Jet is broke.

https://in.reuters.com/article/jet-a...KBN1KO0EB?il=0
That is the point. By low just like they did with Virgin who was bleeding money (now profitable) when Delta bought its 49% from SQ for cents on the dollar. A few 100 mill isn't very much to Delta.

Originally Posted by readywhenyouare

Compared to their predecessors, yeah pretty much. Neither Anderson or Bastian would have worked for the slave wages that Grinstein and Whitehurst did while they brought Delta through bankruptcy. It's sad that they go unrecognized.
Bastian and a few others in current management(Glen) were taking pay cuts right along with Grinstein and Jim.

and I liked Jerry as much as anyone but he worked for a slave wage of over 300K at the lowest (with a total compensation package well into the millions as well.) Richard worked for ~ the same salary for a large part of his time at Delta and I don't believe Ed makes more than 500K either. (obviously all 3 get/got millions in total compensation, mostly thanks to a nice pension and stock program)
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Old Oct 31, 2018, 10:27 am
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This is likely fake news, in the sense that Jet Airways is simply amping up hype. They have been struggling for a long time, even after Etihad bought a stake. No one is investing in them - not Delta, not Tata. Just because some Jet officials had a meeting with Delta doesn't mean they are buying a stake. This is simply publicity to make it look like things are fine and dandy. The reality is that the airline is closing soon.
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Old Oct 31, 2018, 4:09 pm
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Originally Posted by leonidas
This is likely fake news, in the sense that Jet Airways is simply amping up hype. They have been struggling for a long time, even after Etihad bought a stake. No one is investing in them - not Delta, not Tata. Just because some Jet officials had a meeting with Delta doesn't mean they are buying a stake. This is simply publicity to make it look like things are fine and dandy. The reality is that the airline is closing soon.
Agreed. Delta may as well send the money to a Nigerian prince.
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Old Oct 31, 2018, 4:18 pm
  #23  
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Originally Posted by readywhenyouare
[LEFT]It seems Delta would be investing in a failed entity. Jet is broke.
that's probably why they're... looking for investors.
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Old Oct 31, 2018, 11:22 pm
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(Please read the below sort of tongue in cheek)

In the movie Animal House, there was a scene where potential new recruits were arriving to the houses rush party to be evaluated by current members. As students arrived, those immediately viewed as “unsuitable” were hastily escorted to another meeting room at the back of the house to discuss the nice ties that their mothers had made for them. Well, that back room is where the Skyteam alliance was born. Other than DL and KL (and maybe KQ), we’re stuck with Alitalia, China-anything, Garuda, Tarom and Aerolineas Argentinas. And now they want to bring Jet Airways into this motley group?

Based on this listing of the 13 worst Airlines of the World, (for 2018] 9 are full service. Of those 9, 2 Skyteam airlines are already on the list (AR and KE), so all we need is 9W (10th worst on the list) to be brought in the mix (and let’s throw in PIA for laughs) and we’ll have the shoddy airline market cornered.

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Old Nov 1, 2018, 11:22 am
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Why bother in the first place? Just have DL invest their efforts in getting back 5th freedom rights for India (like what NW used to have). Or perhaps negotiate 8th/9th freedom to operate within India.

https://en.wikipedia.org/wiki/Freedoms_of_the_air
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Old Nov 1, 2018, 1:18 pm
  #26  
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Originally Posted by kkua
Why bother in the first place? Just have DL invest their efforts in getting back 5th freedom rights for India (like what NW used to have). Or perhaps negotiate 8th/9th freedom to operate within India.

https://en.wikipedia.org/wiki/Freedoms_of_the_air
Delta still has those rights part of the open skies agreements that exist between the EU and US/India. So there's no investment needed. They could start the flights tomorrow if they wanted.

Cabotage rights are highly unlikely.
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Old Nov 1, 2018, 8:09 pm
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Originally Posted by jrkmsp
Cabotage rights are highly unlikely.
But would make a great reality tv show.
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Old Nov 1, 2018, 9:25 pm
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I thought the investor relations presentation was interesting. India is the 8th biggest US international market. Who knew. If China is at 5B+ and India is at 3B+, an investment in Jet is a bet that India moves up the chain closer to China (which is number 2 after UK). Also, as someone mentioned above, an investment keeps other away. DL/AF/KL/VS all use feed coming from 9W to keep frequencies up between the EU and US especially in the winter. So there is more to this than just a straight stock investment we might do. I think the example of virgin is apt to Jet. The airline isnt bad, it just suffers from bad management. I fly DL, AF, KL and 9W a fair amount in J., I like Jet. Probably rank DL #1 and put 9W above AF and KL on international long haul flight experience (only that metric). Their meal service is really good (not tray based), dine on demand, wide choice of meals. Seats are wide with duvet and mattress pad. They could improve IFE (but so can KLM) and add wifi (which they wanted to). Basically I think they are a good fit with sky team /or transatlantic JV. PLus DL can really imptrove them. I really love DL. My one ding on DL is their international J menu is just plain getting old. Same same. No variety, Rarely get ethnic entries from JFK-EU and sometimes same dishes on JFK-LAX as JFK-EU. I mean do people just eat Braised beef every day?
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Old Nov 1, 2018, 11:27 pm
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Sorry for a slightly off-topic question, but if Jet were to fold, what would happen to people with DL-marketed Jet business class tickets? Would they be reticketed on a different partner, reimbursed, or something else? I may find myself in this situation with a work trip scheduled for late Q1. Thanks.
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Old Nov 2, 2018, 12:02 am
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Vinay Dube is the CEO of Jet. Formerly Delta S.V.P. of Asia-Pacific as recently as 2017.

Among other reasons why a stronger Jet Airways would be beneficial to DL/AF/KL, I can't imagine Ed is just gonna let him die on the vine over there.
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