IAG Buying Norwegian?
#12
Gets Weekends Off
Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 5,912
#13
Makes sense anyone who thinks working for NAI is a good idea probably needs to be shown what a door looks like and how they operate.
#14
Gets Weekends Off
Joined APC: May 2017
Posts: 171
My bet is that IAG is looking at this from a couple of angles:
1) allows them to get their hands on the actual financials if Norwegian decides to play nice, which depending on their debt covenants is a possibility.
2) allows them to secure 787’s immediately, which depending on the financials may be an attractive proposal. If the financials are truly terrifying, they may still be able to get the 787’s by working new finance agreements on them.
3) would give them additional AOC’s in Norway, Ireland, the UK, and Argentina.
Number three is my bet, and it’s bad news for everyone on this side of the pond. IAG has the capital to actually make a sustained run at the flag of convenience model, and they may feel behind the curve already based on Lufthansa’s overall holdings.
TL/DR: I hope any takeover is blocked and Norwegian is allowed to wither on the vine.
1) allows them to get their hands on the actual financials if Norwegian decides to play nice, which depending on their debt covenants is a possibility.
2) allows them to secure 787’s immediately, which depending on the financials may be an attractive proposal. If the financials are truly terrifying, they may still be able to get the 787’s by working new finance agreements on them.
3) would give them additional AOC’s in Norway, Ireland, the UK, and Argentina.
Number three is my bet, and it’s bad news for everyone on this side of the pond. IAG has the capital to actually make a sustained run at the flag of convenience model, and they may feel behind the curve already based on Lufthansa’s overall holdings.
TL/DR: I hope any takeover is blocked and Norwegian is allowed to wither on the vine.
#16
Gets Weekends Off
Joined APC: May 2017
Posts: 171
Regarding IAG’s structure, from Wikipedia:
Qatar Airways is a minority shareholder, and held 20.01% of the shares on 29 July 2016.
Divisions, subsidiaries and franchises:
The structure of the main operating companies is:
Republic of Ireland: Aer Lingus
Republic of Ireland: Aer Lingus Regional (franchise)
United Kingdom: British Airways
United Kingdom: BA CityFlyer
France: OpenSkies
South Africa: Comair (18% stake)
Denmark: SUN-AIR (franchise)
Spain/United Kingdom: IAG Cargo (merger between Iberia Cargo and British Airways World Cargo)
Spain: Iberia
Spain: Air Nostrum (franchise, trading as Iberia Regional)
Spain: Iberia Express
Spain: Level
Spain: Vueling
Avios Group (operates the IAG frequent-flyer programme)
#17
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Joined APC: May 2017
Position: 175 CA
Posts: 1,285
If they played their cards right, IAG could probably buy Norwegian, let it go bankrupt and restructure the debt - Getting a killer deal on 787's for BA.
#18
Gets Weekends Off
Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 5,912
Now, MOP, in your own words, no rhetoric mind you... why do you think NAI, other than low pay, isn’t such a great place to work for.
Again, you need to share with us your own experiences, and not form the 7-11 cashier’s working experience with them.
How did you find the training at NAI?
How did you find the condition of the aircraft when you flew for NAI?
Layover hotels provided by NAI?
Please enlighten this forum.
#20
Gets Weekends Off
Joined APC: May 2017
Posts: 171
What makes your pride of the skies so wonerful to work for? From what Ive read on the UAL section, your airline doesn’t seem to be beer and skittles.
Now, MOP, in your own words, no rhetoric mind you... why do you think NAI, other than low pay, isn’t such a great place to work for.
Again, you need to share with us your own experiences, and not form the 7-11 cashier’s working experience with them.
How did you find the training at NAI?
How did you find the condition of the aircraft when you flew for NAI?
Layover hotels provided by NAI?
Please enlighten this forum.
Now, MOP, in your own words, no rhetoric mind you... why do you think NAI, other than low pay, isn’t such a great place to work for.
Again, you need to share with us your own experiences, and not form the 7-11 cashier’s working experience with them.
How did you find the training at NAI?
How did you find the condition of the aircraft when you flew for NAI?
Layover hotels provided by NAI?
Please enlighten this forum.
Also, for clarity, are we just talking about NAI? Or can we talk about NAS, NAL, NAA, and NAU too in the conglomerate sense? Asking because some people like to play that game. Let’s just call it “Norwegian”. Deal? Deal.
I don’t care about the training. European knowledge and medical standards are generally far more rigorous than the ones we deal with in the US.
I don’t care about the layover hotels.
The aircraft are probably beautiful, since most of them are brand new.
If you read my post history, I don’t believe I have ever discussed the safety of the airline, the professionalism of the crews, or the maintenance.
That isn’t what this is about. It’s about protecting the jobs and standard of living for pilots here in the United States. Norwegian playing by the rules. I want those rules to change. Preferably in a way that excludes them, and the other carriers that will follow, from the US market.
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