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Quote:

Originally Posted by kuususi (Post 9059528)

And that's the main reason, the US airline industry is suffering and offers those lousy products to its customers. Since there's no money being invested from overseas, no concolidation and investing takes place. I try to avoid any US airline on my regular transatlantic flights, due to their lousy quality.

Yes, you're undoubtedly correct -- the reason the US airlines are in the toilet is because the European and Asian airlines aren't allowed to make large investments and to control the US airlines.

Thanks for the laugh. :D

Of course, there aren't any failures among European or Asian airlines, are there? None whatsoever. None that have failed and none that offer crappy service. :rolleyes:

Quote:

Originally Posted by kuususi (Post 9059528)

Have you ever flown with Emirates, Thai, Singapore Airlines,... ? Compare the quality with any US airline of your choice. It's like a Mercedes vs. a Chevy Aveo. :p

Yes, I have. And since those airlines don't take me everywhere I want to go, I've made a choice to focus my business with an airline (and with an alliance) that takes me everywhere I want to go. Your mileage may vary. :)

Merger Protection

This 19% stake seems like it would help jetBlue from being absorbed by Delta or American [mostly a fat chance unless you get some banks/funds involved like TPG etc]. Lufthansa can also get some Airbus planes at a discount through jetBlue.

Plus, LH might be able to provide B6 with some capital to buy an airline like Spirit or perhaps Frontier. Spirit would be perhaps the best and maybe jetBlue could swap those A319's for some A320's.

As most people say, a codeshare would seem likely.

Quote:

Originally Posted by FWAAA (Post 8989873)

Anyone still think that LH will actually pay $7.27/sh (price when this deal was announced) upon closing sometime this quarter now that the market price has sunk to $5.60/sh or so?

I doubt LH will, and my crystal ball shows a Ch 11 petition filing by B6 prior to April 1.

I stand corrected; the deal has closed:

http://biz.yahoo.com/pz/080122/134718.html

The PR didn't say anything about the price per share paid - was it the $7.27 that was agreed upon, or was it the current (this morning's) share price of $4.63?

Quote:

Originally Posted by FWAAA (Post 9114961)

I stand corrected; the deal has closed:

http://biz.yahoo.com/pz/080122/134718.html

The About JetBlue section is bigger than the actual meat of the press release but the following is certainly interesting.

"With the conclusion of the financial transaction, Lufthansa and JetBlue will begin exploring innovative commercial arrangements designed to benefit both airlines and their customers."

This is definitely more than LH sitting on the sidelines looking for a return on their money. Codeshares?

I think that there is going to be more to this "financial" deal in the coming year or so. I think Luftansa want's something out of this in the end. Should be interesting to see how this plays out.

Forbes and the Associated Press are showing that Lufthansa paid $7.27 per share. 42million shares where purchased.

Story from Forbes