Lufthansa punta a Brussels Airlines e SAS per potenzare Eurowings


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Il numero uno della compagnia tedesca Christoph Franz spiega alla Suddeutsche Zeitung che acquisirà il 55% del capitale del vettore belga quando questo sarà tornato profittevole

MILANO - La compagnia aerea tedesca Lufthansa intende acquisire il controllo totale della compagnia aerea belga Brussels Arlines quando questa avrà completato la sua ristrutturazione. L'acquisizione verrà completata quando Brussels sarà tornata al profitto e in grado di stare da sola sul mercato, ha detto il capo di Lufthansa, Christoph Franz, in un'intervista al quotidiano tedesco Suddeutsche Zeitung.

Lufthansa detiene dal 2008 una partecipazione del 45% in Brussels Airlines; e dal 2011 ha la possibilità di riscattare la restante quota di capitale, ma non ha fino ad ora realizzato l'operazione, avendo dovuto occuparsi di sistemare le proprie attività in difficoltà come Bmi British e Austrian Airlines. Lufthansa ha già approvato una linea di credito di 100 milioni di euro per Brussels Airlines; quest'ultima - al termine dell'esercizio 2102 - ha registrato a bilancio una perdita netta di 60,7 milioni, un risultato comunque in calo di 19 milioni rispetto al rosso del 2011. Quanto a Lufthansa, invece, nel 2012 la compagnia ha registrato utili per 990 milioni di euro, dopo i 13 milioni di perdite dell'anno precedente: non ha però distribuito dividendi agli azionisti, al contrario dei 25 cents per azione versati per l'anno 2011, e ha confermato il taglio di 3500 posti di lavoro nell'amministrazione nella sola Germania.

http://www.repubblica.it/economia/f...ento_della_nuova_brussells_airlines-55300109/
 
Re: Lufthansa salirà al 100 per cento della nuova Brussels Airlines

Ripesco il thread perche' il tema e' tornato d'attualita'. Il Sueddeutsche Zeitung ha scritto che il consiglio di sorveglianza (supervisory board) di LH si incontrera' il 27 aprile per discutere l'acquisto del restante 55% di Brussels Airlines.
http://uk.reuters.com/article/uk-brussels-airlines-m-a-lufthansa-idUKKCN0XA0GM

Lufthansa plans full takeover of Brussels Airlines

Lufthansa's (LHAG.DE) supervisory board is to meet on April 27 to discuss buying the 55 percent of Brussels Airlines which it does not yet own, German newspaper Sueddeutsche Zeitung reported on Wednesday, citing no sources.
Lufthansa, which is due to hold its annual general meeting on April 28, declined to comment on the report.
Brussels Airlines is attractive for Lufthansa because of the business traffic which flows through its hub in the Belgian capital, where many European Union institutions are based.
However, bomb attacks on Brussels' airport and subway network last month which forced the airport to close cost the airline around 5 million euros (4 million pounds) a day. The airport partially reopened on April 3.
Lufthansa bought 45 percent of Brussels Airlines for 65 million euros but retained an option to acquire the rest by 2018, with the total price for the takeover coming to as much as 250 million euros, depending on the carrier's performance.
Lufthansa Chief Financial Officer Simone Menne said last month that the German airline would like to "come to a conclusion" on Brussels Airlines this year.
"We expect an important step in the second quarter," she said at the time, adding that Lufthansa was in talks with colleagues in Brussels.



 
La volontà di LH di salire al 100% di SN sembra essere parte di un progetto di più ampio respiro, ovvero quello di espandere (e velocemente) la propria sussidiaria low cost Eurowings; in quest'ottica di sviluppo, LH sembra sia in contatto con i proprietari di SAS per un'integrazione della piattaforma EW nel comparto medio raggio del vettore nord europeo.
L'idea è molto interessante, considerando che SAS tenta (da anni) di risolvere i problemi connessi a costi troppo elevati e scarsa profittabilità.

Lufthansa talks to SAS, Brussels Airlines to spread Eurowings


Lufthansa (LHAG.DE) is in talks with the owners of Scandinavian carrier SAS (SAS.ST) and Brussels Airlines to expand the number of destinations it flies to and grow its low-cost Eurowings business, people close to the German airline said.

Two sources said on Wednesday Lufthansa had been in talks with the owners of SAS since the autumn, which could lead to Lufthansa taking a stake in SAS - half owned by Denmark, Norway and Sweden - or some other kind of partnership, they said.

"SAS could be docked onto budget platform Eurowings," one of the people said.

Lufthansa launched Eurowings last year in a fresh attempt to crack the low-cost market and compete with the likes of Ryanair (RYA.I) and easyJet (EZJ.L). It has said it aims to use it to bundle various subsidiaries and brands.

One of the sources also said it was "as good as certain" Lufthansa would present a deal to buy the 55 percent in Brussels Airlines it does not already own at a supervisory board meeting on April 27.

People familiar with the industry said a full takeover of SAS by Lufthansa was unlikely, while taking a minority stake would potentially come with a board seat and direct influence on the Scandinavian company's strategy.

"Lufthansa wants to build Eurowings, but it does not want to take on any restructuring risk," one of those people said.

Brussels Airlines, meanwhile, is attractive for Lufthansa because of the business traffic which flows through its hub in the Belgian capital, where many European Union institutions are based.

Liberum analyst Gerald Khoo said the Belgian carrier also had a strong African network, especially beyond North Africa, where Lufthansa is not as well set up.

AFRICA ATTRACTION

Airline consolidation in Europe is far behind North America, where a decade of mergers have shrunk the industry to a handful of companies and boosted profitability of carriers. Alaska Air (ALK.N) announced this month a deal to buy Virgin America (VA.O) for $2.6 billion (£1.8 billion) in cash.

According to an analysis by CAPA-Centre for Aviation, the top twenty airline groups in Europe account for 75 percent of seats, the same share as the top six groups in North America.

SAS, repeatedly the subject of takeover speculation, expects to swing to a profit this year and has said it wants to play an active role in consolidation in Europe.

Shares in SAS were up 6 percent at 1421 GMT.

"Lufthansa has previously hinted at Eurowings being a vehicle for consolidation of low cost airlines, but it is not immediately apparent how that would fit with the full service models of Brussels Airlines and SAS," Liberum's Khoo said.

Lufthansa, which is due to hold its annual shareholder meeting on April 28, said it had been a partner with SAS since airline cooperation group Star Alliance was founded and as a result was in continuous talks with the Scandinavian carrier. "Anything else is speculation," a Lufthansa spokesman said.

SAS declined to comment.

The Brussels Airlines talks were reported earlier on Wednesday by German daily Sueddeutsche Zeitung.

Lufthansa bought 45 percent of Brussels Airlines for 65 million euros (£51.5 million) but retained an option to acquire the rest by 2018, with the total price for the takeover coming to as much as 250 million euros, depending on the carrier's performance.

Lufthansa Chief Financial Officer Simone Menne said last month the German airline would like to "come to a conclusion" on Brussels Airlines this year, with progress eyed in the second quarter.

http://uk.reuters.com/article/uk-brussels-airlines-m-a-lufthansa-eurow-idUKKCN0XA1I7
 
Interessante.
Mi sembra chiaro come il settore in Europa stia spingendosi verso una marcata consolidazione. Trend in cui l'Europa e' sempre stata restia paragonata ad esempio agli USA.
 
Nel calderone anche Condor

Lufthansa sounds out Condor over Eurowings participation

Lufthansa (LH, Frankfurt Int'l) has approached Condor (DE, Frankfurt Int'l) over its proposed participation in the German mainline carrier's Eurowings (EW, Dusseldorf) budget operation.

Informed sources who spoke to The Wall Street Journal said talks are currently at an early stage and that no fixed decisions have yet been taken.

Condor was a subsidiary of Lufthansa up until early 2003 when its entire shareholding was bought out by package holiday group, Thomas Cook. At present, it operates ten A320-200s, six A321-200s, thirteen B757-200s, and twenty B767-300(ER)s on leisure flights to forty countries in the Caribbean, North America, Latin America, the Mediterranean, Africa, and Asia.

For its part, Lufthansa has been scouting for potential partners for its Eurowings budget project. As recently reported, SAS Scandinavian Airlines (SK, Copenhagen Kastrup) and Brussels Airlines (SN, Brussels National) have been approached over their respective participations.

Eurowings is Lufthansa's reponse to Ryanair (FR, Dublin Int'l) and easyJet (U2, London Luton) on the domestic and regional fronts and to Emirates (EK, Dubai Int'l), Etihad Airways (EY, Abu Dhabi Int'l), and Qatar Airways (QR, Doha Hamad Int'l) on the longhaul front.

Ch-aviation
 
Pare, tra l'altro, che il gruppo Thomas Cook stia cercando di scaricare tutto il comparto aereo, con Lufthansa e Greybull Capital (Monarch) viste come possibili acquirenti.

http://www.thisismoney.co.uk/money/...Cook-talks-rivals-sell-fleet-91-aircraft.html

Con ciò la storia interseca la vicenda di Easyjet e Monarch:
http://www.aviazionecivile.org/vb/sh...ile-acquirente
Un anno fa ne avevano gia cominciato a parlare: http://www.aviazionecivile.org/vb/s...dere-la-compagnia-aerea?highlight=thomas+cook
Visto il trend in atto riguardo a consolidamenti di settore in Europa sembra che ora ci possa essere un'accelerata.
Scenari futuri interessanti.