AirFrance-KLM compra il 31% di Virgin Atlantic, Delta e China Eastern il 10% di AFKLM


Delta Air Lines, Air France-KLM, and Virgin Atlantic have announced they have finalised the terms of their transatlantic joint-venture and will now work on obtaining regulatory approvals for the partnership to enter into force.

"Upon completion, Air France-KLM Royal Dutch Airlines will acquire a 31% stake in Virgin Atlantic currently held by Virgin Group for GBP220 million pounds (USD298 million). Virgin Group will retain a 20% stake and Chairmanship of Virgin Atlantic. Delta will retain its 49% stake. Air France-KLM, Delta and Virgin Atlantic will now coordinate efforts to secure the appropriate regulatory approvals," a joint statement has said.

In a recent interview with Air Transport World, Virgin Atlantic CEO Craig Kreeger said that he does not expect Air France-KLM to become a shareholder in the airline before early- to mid-2019, despite previous expectations that the transaction would close later this year.

The joint-venture will need approvals by respective authorities in both the European Union and the United States. It is also unclear how it will position Virgin Atlantic vis-a-vis European and British effective ownership and control rules following Brexit in March 2019.

Once the transaction is completed, Virgin Atlantic will cease to be majority-British owned with a total of 80% of the stock shared between Delta and Air France-KLM which could pose regulatory hurdles. Prior to Brexit, Virgin Atlantic would remain an EU-owned carrier with 51% of shares owned by either Air France-KLM or Virgin Group.

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Intervista al CEO di Virgin per Up In The Sky (sito olandese del settore) da cui faccio un breve sunto:

"Non abbiamo intenzione di entrare a far parte dell'alleanza SkyTeam, gli accordi commerciali danno spesso più frutti dell'essere parte di un'alleanza. Ovviamente vediamo ulteriori opportunità e sulle quali stiamo lavorando, il network ed il programma di fidelizzazione tra le altre tuttavia, per il momento, la strategia attuale funziona bene".

Conferma, inoltre, l'interesse per Flybe.

"Flybe rimane un partner importante e stiamo valutando una serie di opzioni. Potrebbero avere un ruolo decisivo nell'ottica dei feed per Virgin/Delta ma anche su Schiphol per KLM e Delta stessa".

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Intervista al CEO di Virgin per Up In The Sky (sito olandese del settore) da cui faccio un breve sunto:

"Non abbiamo intenzione di entrare a far parte dell'alleanza SkyTeam, gli accordi commerciali danno spesso più frutti dell'essere parte di un'alleanza. Ovviamente vediamo ulteriori opportunità e sulle quali stiamo lavorando, il network ed il programma di fidelizzazione tra le altre tuttavia, per il momento, la strategia attuale funziona bene".

Conferma, inoltre, l'interesse per Flybe.

"Flybe rimane un partner importante e stiamo valutando una serie di opzioni. Potrebbero avere un ruolo decisivo nell'ottica dei feed per Virgin/Delta ma anche su Schiphol per KLM e Delta stessa".

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Vecchia teoria vista alcune volte in passato. In passato i risultati non furono lusinghieri, ma ogni unione fa storia a se. Per il tipo di compagnia che è VS la necessità di una alleanza è anche ridotta probabilmente.
 
Virgin Atlantic to join Air France-KLM/China Eastern tie-up

A co-operation agreement between Air France-KLM and China Eastern Airlines is being enlarged to include Virgin Atlantic, the UK airline has disclosed.
Under the proposed expansion, Virgin Atlantic will codeshare with China Eastern on London-Shanghai services from spring 2020, enabling passengers to earn and redeem miles across both carriers and to avail of greater schedule flexibility.
Passengers will also be able to connect to China Eastern's domestic network, which spans 188 destinations across the mainland.
Virgin Atlantic and China Eastern both operate daily flights between London Heathrow and Shanghai Pudong. China Eastern's thrice-weekly service from London Gatwick will be stepped up to daily later in this month.
Air France-KLM and China Eastern already co-operate on various Chinese routes from Amsterdam and Paris.
Virgin Atlantic chief commercial officer Juha Jarvinen states that the expanded co-operation deal underlines the carriers' commitment to China and the region.
"The move clearly reflects our mission to offer our customers enhanced connectivity and choice by working with the best partners in the business," Jarvinen asserts. "We have a strong heritage of flying to China, and I'm delighted that this announcement comes at a time when we celebrate 20 years of flying between London and Shanghai, further cementing our dedication to the region for another generation."
Together with Delta, Air France-KLM and Virgin Atlantic are also in the process of establishing a joint venture for transatlantic routes.
Air France-KLM purchased 31% of Virgin Atlantic in February. Delta Air Lines, which owns 49% of Virgin Atlantic, also holds a 3.2% stake in China Eastern, while Delta and China Eastern each have 8.8% stakes in Air France-KLM.

Cirium/FG

 
Virgin Atlantic joins Air France-KLM and Delta's transatlantic JV

Air France-KLM and Delta Air Lines have expanded their transatlantic joint venture to include Virgin Atlantic in the partnership.
From 13 February, passengers will be able to book transatlantic flights, as well as connecting services in Europe and the USA, and collect loyalty across Air France, Delta, KLM and Virgin Atlantic's networks, the four airlines say in a joint statement.
The expanded co-operation spans passenger and cargo services on 110 nonstop transatlantic routes plus connecting flights to 238 cities in north America, 98 in mainland Europe, and 16 in the UK. "It creates convenient nonstop or one-stop connections to every corner of North America, Europe and the UK," the airlines say.
Accounting for around 23% of total passenger and cargo transatlantic capacity, the joint venture will have an estimated combined annual revenue of $13 billion.
The airlines say that the joint activities taking effect this month "are just the start" and that additional codeshare routes will be rolled out later this year, along with more closely aligned schedules and initiatives designed to improve the airport experience.
Collaboration with partners is "one of the pillars of our strategy", states Virgin Atlantic chief executive Shai Weiss. "Combining our strengths, our network and our people allows us to achieve more together," he adds.
The transatlantic joint venture was originally established by Air France-KLM and Delta in 2009. Virgin Atlantic became a partner of Delta's separately, after selling the US carrier a 49% stake in 2013.
Under a previous plan outlined in 2017, Air France-KLM was set to acquire a 31% stake in Virgin Atlantic, which would have reduced Richard Branson's shareholding to 20%. But in late 2019 Branson disclosed that the plan had been abandoned. Air France-KLM subsequently said that terms for the transatlantic joint venture needed to be renegotiated.
Air France-KLM chief executive Ben Smith describes Virgin Atlantic's inclusion in the joint venture as "a major milestone that will even further reinforce our presence on the Atlantic".
He adds: "For Air France-KLM, it also means greater access to the UK market and especially London Heathrow, the leading global travel market.”
Delta chief executive Ed Bastian likewise states that the enlarged joint venture represents "a major step forward for all of our airlines". Cirium

 
“Abbiamo urgente bisogno di un sostegno dello Stato”. Anne Rigail, la direttrice generale di Air France, lo ha detto chiaramente.

La compagnia aerea, che rischia di ritrovarsi a corto di liquidità dopo aver fermato il 90% della sua attività da quando è cominciata la crisi sanitaria, ha prenotato delle linee di credito per 6 miliardi di euro con le banche che sarebbero garantiti dal governo di Parigi e L’Aia, azionisti rispettivamente con il 14,3% e il 14% del capitale.

Air France ha invitato il governo a sbloccare al più presto le garanzie per i prestiti, ma ci potrebbe essere un’altra novità nel frattempo. Il vettore potrebbe ottenere aiuti finanziari diretti dal governo di Parigi.

Il ministro dell’Economia Bruno Le Maire non ha scartato l’ipotesi di partecipare a una ricapitalizzazione della compagnia aerea. “Air France potrà contare su un massiccio sostegno da parte dello Stato - ha detto Le Maire -. Vogliamo difendere a ogni costo questa compagnia, che è un simbolo dell’industria francese.”

https://www.quotedbusiness.com/thm-...ln-al-giorno-parigi-pronta-a-ricapitalizzarla