LH and TK joining ?!?
Nov 4, 2012 | 1:46 pm
#1
Original Poster
Join Date: May 2000
Location: AOI , Italy
Programs: DL Diamond Medallion , LH Frequent Traveller , Hilton Gold , Prirority Club Platinum
Posts: 75
LH and TK joining ?!?
Today Repubblica (one of the major italian newspapers) has an article about a possible merger going on between Lufthansa and Turkish Airlines http://www.repubblica.it/economia/20...2/?ref=HREC2-1
The article quotes news from Bloomberg and turkish newspaper Haberturk and says LH and TK are interested also in buying LOT .
The merger would create a new major player among global airlinies .
Did anyone hear anything about that ?
The article quotes news from Bloomberg and turkish newspaper Haberturk and says LH and TK are interested also in buying LOT .
The merger would create a new major player among global airlinies .
Did anyone hear anything about that ?
Nov 4, 2012 | 2:06 pm
#3
Original Poster
Join Date: May 2000
Location: AOI , Italy
Programs: DL Diamond Medallion , LH Frequent Traveller , Hilton Gold , Prirority Club Platinum
Posts: 75
Sorry , was just checking out in the Lh forum , thought Star Alliance would be the best place for this ...
Nov 4, 2012 | 10:24 pm
#5
Join Date: Jan 2007
Location: GLA
Programs: AF/KL FB Plat 4L, VA Vel Silver, BA EC, LH M&M
Posts: 1,825
This would be a very smart move by LH because it could solve the competition problem regarding the 3 Gulf carriers. After all, it would mean that LH would soon be a Middle East carrier itself.
Nov 5, 2012 | 1:51 am
#6
Join Date: Aug 2011
Location: CDG
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As I said in the M&M subforum already, I really can't think of two less compatible airlines in Europe at the moment. Furthermore, acquisition of shares in such a huge carrier by LH would pretty much render their SCORE efforts useless.
Nov 6, 2012 | 10:26 pm
#12
Join Date: Oct 2010
Location: YVR - Vancouver, with most winter weekends in Whistler.
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That would be a massive merger that would be difficult to execute well...
TK has a huge network of aircraft routes, and a corporate culture which seems more different than the efficient Germans.
TK has a huge network of aircraft routes, and a corporate culture which seems more different than the efficient Germans.
Nov 7, 2012 | 1:43 am
#13
Join Date: Jan 2007
Location: GLA
Programs: AF/KL FB Plat 4L, VA Vel Silver, BA EC, LH M&M
Posts: 1,825
According to what I read in a German newspaper today, it's not really about a merger, but they are considering buying some, say 10% of each other's shares and are thinking about deepening their relationship. We will see what the outcome will be. Maybe (this is my private guess now) it's going to develop into something similar to the EK/QF cooperation, a potential BA/Qatar cooperation within OW, and what AFKL have just started with EY. In this context some deeper cooperation between LH and TK would absolutely make sense.