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Delta to Take Ownership Stake in China Eastern, Expand Partnership
Delta Air Lines announced an expansion of its partnership with China Eastern Airlines that includes taking an ownership stake in the airline. The partnership calls for the two airlines to “better connect” the two airlines’ route networks as well as for Delta to invest $450 million to acquire a 3.55% stake in China Eastern.... (www.frequentbusinesstraveler.com) More...
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It may be awhile but I'll go on record that Alaska Airlines is on the list somewhere, maybe sooner, maybe later.
Please - this has NOTHING to do with Alaska. This explains a remark Delta CEO Richard Anderson made a couple of months ago that he wanted to duplicate in Shanghai with China Eastern, what Delta has in Amsterdam with KLM. How in the heck did Alaska even get into this conversation? Not every Delta investment story implicates Alaska. Sheesh!
Alaska airlines got into this because he was talking about how Delta is trying to get stakes in airlines. Like I already said Delta did try to buy Alaska but they said no so they are trying to pinch them in every way to get them to budge but Alaska Airlines is holding there ground.
Thank You William. In case he did not notice, mine was the FIRST comment on this post YESTERDAY and yours was the SECOND and his was not until last night sometime.
They already tried to buy Alaska Airlines but Alaska said no. Now they are trying to run them out of business just to get a stake in there airline. Word to the wise the DOT needs to stop Delta in there path because this is the second airline in weeks they are trying to take a hold of.
Other than domestic pressure, can they do anything specifically to bar them from fooling with an overseas airline? On the other thing with Alaska. Seeing the writing on the wall, reckon Alaska will fight or sell while thy are still able. That said, they really pissed off DAL with that other rebuff on the sale. There may not be another offer. DAL just may crush them. There may not be anything right about it but that's business. I have been on both ends of it. Lot's better if you aren't on the receiving end.
Well if you think about it Alaska Airlines can really take on Delta and hurt them but they aren't. Granted they are holding there end up saying we are here to stay but if Delta keeps it up I'm sure Alaska will break them down. They maybe small but it's the small airlines you have to worry about because they can move in a hurry where as large airlines it takes them time to get on the ball. But your right DOT really can't do much but pressure them but the point is if they have control over oversea airlines they can bypass a lot of DOT regs reguarding air routes which would help them and hurt other airlines just by using the overseas airline to run the flight. Granted it's wrong and not much they can do but someone should try.
Well, in the normal scheme of things I would agree on small vs big. DAL moves more quickly than a lot that size, and if the folks at Alaska are in the crosshairs, it might be even moreso. It will be interesting, and I am sure that besides the market, they are looking at the overseas airlines as a way around DOT, regardless that shots are fired out of ATL
