Knowledge and Insight without the hard work

Monday, November 10, 2008

So who is doing due diligence on LTE?

LTE (the former Spanish Affiliate of LTU) is continuing to operate its leasing and charter operations. In the mean time while banned from operating a scheduled service it is having its books evaluated by someone from Europe.

Our speculation is that it is Grupo Marsans who owns Air Comet (and absorbed the rump of Air Madrid in 2006) and Aerolineas Argentinas and who just placed a mammoth order for 61 Airbus liners included some A380s!!!

Other possible alternative players are Vuelling/Clickair (doubtful as they have their own merger to manage), Spanair is a basket case so that leaves Iberia who it would doubtful would do this. Hence we think Grupo Marsans

Cheers

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