Word: mergers
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...result: consolidation amid plenty. In March the government approved a long-planned merger between state-owned carriers Air India and Indian Airlines. Meanwhile, Jet Airways, the country's largest full-service carrier, is buying rival Air Sahara for $340 million and, perhaps more important, more gates at congested airports. The mergers are "an attempt by players to basically get some kind of stability into the market," says Kapil Kaul, New Delhi--based CEO for India and the Middle East at CAPA. "What we're seeing now is sanity beginning to prevail...
...historical and real-time business data. With Bloomberg now boasting almost a quarter of a million clients, it is hard to find a trader or money manager in any financial office without one of the company's distinctive, multi-screen terminals on his or her desk. The Thomson-Reuters merger, however, leaves no doubt that the two older, outflanked companies are serious about doing together what they failed to do alone: showing down the upstart. "It would take a very brave company not to be somewhat alarmed" by the tie-up says Theresa Wise, a London-based partner at consultants...
...short term, there may even be potential benefits for Bloomberg. As with any merger between two sprawling companies (although almost all of Reuters' revenue comes from its financial services business, it also feeds news, TV footage and photographs to the world's media organizations and Thomson also has a large legal information business) it will be time-consuming, not to mention tricky, for those firms to mesh. Whether a dream pairing or a disaster, at least you can be confident that with so many news organizations involved, you'll always be sure to read all about...
...result: industry consolidation amid plenty. In March, the government approved a long-planned merger between state-owned carriers Air India and Indian Airlines; meanwhile, Jet Airways, the country's largest full-service carrier, is buying rival Air Sahara for $340 million. The mergers are "an attempt by players to basically get some kind of stability into the market," says Kapil Kaul, New Delhi-based CEO for India and the Middle East at CAPA. "There's been a massive induction of capacity over the past few years. What we're seeing now is sanity beginning to prevail...
...certainly what the Indian government hopes will happen by combining Air India, which flies mainly internationally, and Indian, which concentrates on domestic routes. The state-run carriers have been losing market share to better-managed private airlines for years. India's Minister for Civil Aviation, Praful Patel, says the merger will improve operating efficiencies and cut costs by up to $150 million a year. Similar competitive advantages are being sought by Jet Airways. Jet became India's most successful airline after launching in 1993, but in recent years it has lost market share to low-cost upstarts like Air Deccan...