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LH may have to give up stake in Jetblue

coogebeachhotel

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Word is that Delta is at the justice department with support to end LH stake in Jetblue. This is over a proposd alliance by LH with others in the NY market.

My guess LH sells Blues and United buys the stake.
 

coogebeachhotel

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Lufthansa should restructure JetBlue stake, says Delta
01 Dec 2008



Delta Air Lines says that Lufthansa must relinquish its seats on the board of JetBlue and restructure its 19% stake in the airline in order to get its proposed four-way joint venture with Continental, United and Air Canada approved.

In a submission to the US Department of Transportation, Delta said that Lufthansa’s investment in JetBlue will dramatically affect the New York market if the proposed anti-trust immunity is granted.

The submission said: “Lufthansa’s 19% equity investment in JetBlue, together with Lufthansa’s two seats on JetBlue’s board create an unacceptable risk of spillover if Lufthansa is simultaneously engaged in antitrust immunised competition with Continental – which also operates a large domestic hub at New York. To fully address the potential for domestic spillover, any grant of immunity should be conditional upon Lufthnsa relinquishing its two JetBlue voard seats and restructuring its investment to remove the immediate profit potential of collusive actions involving JetBlue and Continental.”

It added: “As a result of the close relationship between Lufthansa and JetBlue, the Department must evaluate the potential impact of an immunised Continental-Lufthansa alliance on the substantial competition that currently exists, and that might otherwise potentially exist in the future between Continental and JetBlue. This is not simply a domestic issue - JetBlue already provides service to eight international destinations from New York.”
 

ACL65PILOT

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It is all for a new terminal. Not sure if they will do it, but they do like that new terminal of theirs.
It is a lot cheaper to build a customs area than to buil a new terminal.....
 

ACL65PILOT

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STAPLE, STAPLE, STAPLE. Just kidding. Relative sen. very good deal for JB? Doh? Good for DAL. Interesting. Which way will dalpa choose this time????



If the rumor I heard about the SLI is close to correct, It will be about as fair as it could possibly be.
 

coogebeachhotel

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Some boys will be singing the blues......

O but wait that employment contract will cover everything right?
 

ACL65PILOT

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Ya think that is why they are working so hard for a union.
Fact is that they will be protected by Federal Law, and will come out quite well.

Looks like ALK is right sizing for something too.....
 

PHXFLYR

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A merger with you guys,maybe?


PHXFLYR
 

Dizel8

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Huh?
If DAL is bithching about LH's stake in B6 and the DOJ agree, then there is no way in hell the DOJ will let them aquire B6.

Keep Delta your Delta.
 

Bavarian Chef

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Can United even finance a trip to the movies with popcorn and a coke!?

UA: "Well I ain't payin' no fifty cents for no Coke."

JB: "Then you ain't gettin' no Coke..."
 

Bavarian Chef

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Now I hate UAL as much as the next guy, but technically, they could write a check for JBLU and have enough cash left over to do it again.

......

But what would they have left to give their management team?

Sorry, couldn't resist.
 

8vATE

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Delta....

Yea... we'll get right on that...whatever you Delta management boys want.

They should be concentrating on their uniform fitting and aircraft paint shop schedule than dictating their demands to everyone else.

We'll get back to you.
 
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