Chapter 589： Joint venture?

Yang Cheng’s two roads were blocked by him. The external channels for obtaining funds were downgraded by credit rating agencies. No bank dared to lend money to Hanjin Shipping. Of course, they could use their own bank for blood transfusion. But in this way, it is equivalent to transferring the debt pressure of Hanjin Shipping to the bank. Once a financial crisis occurs, the fragile bank will soon collapse;

And squeeze your own employees? A general strike is not so easy to end.

It can be said that Han Jin's only two methods are undesirable, and Yang Cheng also took the initiative to bring it up when he knew it, just to cut off the other's thoughts.

But Zhao Lianghao surrendered so easily, "That's my own business, I am afraid it is not my turn to worry about you as an outsider, Mr. Yang."

Yang Cheng shrugged, "It is true, but I am a enthusiastic and helpful person. I learned that your company is in trouble and took the initiative to provide help. I thought Chairman Zhao should at least listen to my suggestions!"

Zhao Lianghao faintly caught something. Yang Cheng mentioned the airline and Hanjin Shipping successively. It was definitely not unintentional. There must be a certain connection between the two.

Is it?

In the next second, Yang Cheng’s words confirmed his speculation, “Chairman Zhao doesn’t think that the unprecedented growth trend of the civil aviation market between Asia and North America must force various aviation companies to re-evaluate their core strategies? Re-examining who is its own competitor and who can become a partner, among which Delta Air Lines and Korean Air are the most likely to reach a joint operation of routes, thus creating the second largest joint operation of routes in the trans-Pacific market."

Zhao Lianghao's breathing was stagnant, and he quickly loosened his tie to keep his breathing smooth. If Yang Cheng's proposal can be implemented, there is no doubt that it will have a beneficial effect on Korean Air. But Yang Cheng is so kind?

I can’t control that much. Yang Cheng’s proposal is very tempting. Zhao Lianghao admitted that he was moved, and said with excitement as much as possible, "If Delta and Korean Air successfully join forces, they will become United Airlines and All Nippon Airways. The most powerful competitor of the joint venture.

wrong! American Airlines and RB Air’s route joint venture is small and needs to be expanded. The network that Korean Air can bring to Delta Air Lines in Asia is better than All Nippon Airways or RB Airlines as their respective joint venture partners. United Airlines and the United States The scale of the network brought by aviation must be large.

After you and me have reached a joint venture, once we can jointly sell, we may open more destinations and flights. "

Yang Cheng spreads out his hands, "This is the case. Even though the number of passengers on the origin and destination routes between RB and the United States is much greater than the number of passengers on similar routes between South Korea and the United States, South Korea has shown that Strong growth.

Korean Air’s hub at Renchuan Airport has a solid foundation. Under the same conditions, the cost is low, there are multiple transit terminals in the same hub, and the infrastructure is also planned to facilitate future growth needs. Korean Air’s closest competitor, Asiana Airlines, is also relatively small.

Before coming, I made a deliberate analysis. Based on the business volume of the past year, once our joint venture is reached, it will occupy at least 14-15% of the available seats in the trans-Pacific market, which is slightly lower than that of All Nippon Airways and United Airlines. The share of the joint venture, the latter’s capacity share in this market is 16%, and the share of the joint venture between American Airlines and Japan Airlines is even less, less than 10%. "

After finishing talking, I took out a stack of A4 papers from my briefcase and handed it to Zhao Lianghao. There are some data charts on the top. Although they are in English, as the biggest leader of the airline, if you even have such charts If you don't understand, the company has already closed down!

These colored charts clearly confirm the authenticity of what Yang Cheng said.

Yang Orange pointed to one of the pie charts and added, “Of course, we must not forget the mainland market in Country Z. American airlines also have flights to Country Z, so they may have a larger market share in the trans-Pacific market.

Country Z did not permit or refuse American Airlines and United Airlines' future flights to the mainland of Country Z to be included in the route joint operation with RB partners. Therefore, these flights are not included in the route joint operation of both parties.

But Xiangjiang is an exception, because flights to Hongjiang are included in the joint operation of the routes between the two sides. The joint venture of All Nippon Airways and United Airlines accounts for the 16% share of the trans-Pacific market, and United Airlines is in this market. Accounted for 20% of the share, because in addition to the number of All Nippon Airways' flights in this market, it also includes all its flights to Asia (including the Z mainland).

And All Nippon Airways cannot count United Airlines' flights to country Z. United Airlines has a 20% share of the trans-Pacific market (including capacity to country Z), while Delta Airlines has 17% and American Airlines has only 13%. "

Zhao Lianghao was holding a few charts, and the more he looked at it, the more excited he became. Although Korean Air is a founding member of the SkyTeam alliance, to be honest, because of factors such as national and regional disadvantages, Korean Air has always been out of mainstream companies. It’s a bad sentence, don’t take Korean Air to do anything good.

Delta Air Lines represented by Yang Cheng is also the first international aviation giant to come to the door. Regardless of other factors, Zhao Lianghao is willing to cooperate with Delta Air Lines with a million!

But he always felt that Yang Cheng's real purpose was not here. As Yang Cheng said, he was already the largest shareholder of Delta Air Lines. There was no need to personally communicate on this matter.

He sighed, "Mr. Yang, I can't find a reason to reject your proposal. This is a good thing for Korean Air, but you must have further requirements?"

Yang Cheng smiled very happily. This is why he likes to talk to smart people. Don’t bother to speak. To be honest, if he is not for his reputation, it’s not difficult for him to initiate a forced acquisition of Korean Air directly from the secondary market.

Today, the total market value of Korean Air is less than 3,000 billion won. It sounds bluff, right? In fact, it was only a few hundred million dollars. Allen made a few rounds in the stock market, and the acquisition funds were earned back.

Of course, this is an exaggeration, but it cannot be denied that Korean Air is really not that expensive!

The reputation of hostile takeover is not so easy to remember. Soros was afraid of revealing his itinerary every time he returned to the UK because of the attack on the pound, for fear of being thrown rotten eggs.

Although the hostile acquisition of a small company with a market value of more than 20 billion U.S. dollars is not the same as sniping a country’s currency, it is not much different in essence, especially in terms of the national pride of Bangzi BT, if Yang Cheng is heard Shorting one of the country’s pillar industries, apart from anything else, his industry in South Korea may be overwhelmed by spit, and the loss is comparable to a Korean Air.

Therefore, he tried to persuade Zhao Lianghao to take the initiative to admit his counsel and hand over the controlling rights of Korean Air. Anyway, money is indispensable for him!

"Delta Air Lines aims to become the world's largest airline. Of course, this goal is a bit far away. It has to be step by step. The small goal in front of us is to occupy the vast Pacific market. This is inseparable from the help of partners, such as the Shanghai Stock Exchange. Dongfang Airlines, like Korean Air!" Yang Cheng stood up and went to the window to look down at the entire airport cave. With a big wave of his hand, the Pacific surrendered to the spirit of his feet.

Okay, don't pretend to be 13, before his arrogance came out, Zhao Lianghao flatly rejected him, "Impossible, even if I agree, ZF will not agree!"

Yang Cheng waved his hand, "Don’t worry, there’s nothing in this world that can’t be publicized, especially in South Korea. You local chaebols are not pushing forward one project after another that seems impossible and ZF will not agree to it. Did you accumulate today's amazing wealth?"

Zhao Lianghao has no way to refute. This is a fact. The shortcomings of the chaebol economy are like this. The chaebols who control the national production industry will do everything possible to get ZF to act according to their instructions. Although in today's society with a flood of networks, this The unspoken rules have disappeared, but the fact is that the UU reading www.uukānshu.com chaebols have hidden all transactions in the eighteenth hell. It is impossible for ordinary people to hear it, let alone see it with their own eyes.

As long as there are people, as long as there are classes, as long as countless interests are born, insider trading will never be less.

A controlling stake in an airline is nothing more than a blow up of the airline and the relocation of the entire company. How big is it?

The underground black market even sells dirty bombs! Does this sound possible? Unbelievable, right? But no one can deny that the corruption of the former Soviet Union has caused the loss of a large number of core Jimmy, including dirty bombs.

Yang Cheng put his pocket in, smiling at the corners of his mouth, pretending to analyze the pros and cons of things rationally, "Chairman Zhao, you have to dialectically look at some things. Hanjin Shipping is facing an unprecedented crisis! Compared with Korean Air, Hanjin Shipping Its status in the international arena is higher, and it is related to the country's heavy industrial production. It is of great importance and should not be missed!

And Korean Air is just a service-oriented company. At most, it can make some money. It doesn’t matter whether it is under the control of ZF, and I will not compete with you for the right to operate. As long as I win the controlling position, that is You can start a joint venture with Delta Air Lines, the market value will surge just around the corner, and you will not make less money! "

Zhao Lianghao shook his head expressionlessly, "Mr. Yang, when it comes to this, I will open the skylight to speak up. The reason why the chaebol in South Korea is called chaebol is because we control an important area of ​​the country.

Food, clothing, housing and transportation are four things that people cannot do without. Korean Air is the must-choice way for Koreans to travel. It is precisely because of this that Hanjin Group can become one of the top ten chaebols. If I hand over Korean Air, it will not only be The sinners of the Zhao family have personally weakened their deterrence, so, Mr. Yang, don't mention this matter again, I cannot agree! "

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