Delta just bought Flybe

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01-11-2019, 12:54 PM

hammer189

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Delta just bought Flybe

https://finance.yahoo.com/news/virgi...102031864.html

01-11-2019, 06:57 PM

ShyGuy

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Meh, 30% of Flybe just got bought by VS and Delta owns 49% of VS. That ends up being a really small number

01-11-2019, 07:39 PM

GliderCFI

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Quote:

Originally Posted by ShyGuy

Meh, 30% of Flybe just got bought by VS and Delta owns 49% of VS. That ends up being a really small number

More sources of income than Virgin/Alaska though. Ask me about sources of income in a month.

01-11-2019, 08:10 PM

Excargodog

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Quote:

Originally Posted by ShyGuy

Meh, 30% of Flybe just got bought by VS and Delta owns 49% of VS. That ends up being a really small number

With a lot of stock held by mutual funds, especially index funds that don’t actively vote their shares, a controlling interest in a company can be a whole lot less than 50%. And yeah, a single company holding 30% of the voting stock can often control it. And anyone holding a 49% share generally WILL control it in most circumstances,

01-11-2019, 09:38 PM

atpcliff

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Quote:

Originally Posted by shyguy

meh, 30% of flybe just got bought by vs and delta owns 49% of vs. That ends up being a really small number :d

15%...

78910

01-12-2019, 06:09 AM

notEnuf

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Quote:

Originally Posted by atpcliff

15%...

78910

Airfrance owns 31% of Virgin and we own 10% of Airfrance, so it's more than you think.

http://www.travelweekly.co.uk/articl...irgin-atlantic

01-12-2019, 06:59 AM

Denny Crane

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Quote:

Originally Posted by notEnuf

Airfrance owns 31% of Virgin and we own 10% of Airfrance, so it's more than you think.

http://www.travelweekly.co.uk/articl...irgin-atlantic

After looking at the definitions of “Control” and “Affiliate” in our Scope section, I think the argument could be made that we (Delta) have control of more than 49% of VA.....

Any thoughts?

Denny

01-12-2019, 07:03 AM

notEnuf

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Quote:

Originally Posted by Denny Crane

It would be a tough argument but may be worth it. The indirect ownership could be characterized as a temporary investment. That opens a whole can of worms for them with regards to the government and stake holding rules and taxes etc. They would fight tooth and nail not to be defined as a majority shareholder.

But yes, you are right in thinking we have effective control. This is the new world order, a few dominant ownership groups and multiple carrier brands.

https://en.wikipedia.org/wiki/Intern...Airlines_Group

01-12-2019, 07:07 AM

ShyGuy

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Quote:

Originally Posted by GliderCFI

More sources of income than Virgin/Alaska though. Ask me about sources of income in a month.

No one brought up VX/AS, irrelevant as that was a merger in this country. The disingenuous thread title that Delta bought Flybe, certainly not alone and the math works out to a very small percentage.