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 LH buys 19% stake in B6
 
 12/14/2007 1:27:15 AM
KRMN
10 posts


LH buys 19% stake in B6

pretty interesting...gotta think this was a bargain buy for LH with B6 stock being down recently and the high Euro strength to the dollar

 12/17/2007 5:00:29 PM
Bob
14 posts


Re: LH buys 19% stake in B6

Well we've all known for a while that LH isn't shy of doing deals.  This one has a lot to do with financial/currency considerations, but the deal also opens up some strategic opportunities if the carriers decide to pursue them; just depends on how deep they wanna go.  In the short-term it give B6's balance sheet a boost.  I think more carriers should think like LH does.  There's more to operating an airline than just flying from one place to the another.  You can invest in other carriers, you can operate other lines of business, etc.  I know some of them do things like that, like NW, DL and some others, but I think more carriers should, in the U.S. and elsewhere.

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