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Barcelona’s Airport new terminal: one or two alliances?
Right now there is an ongoing discussion in Barcelona. A new airport terminal is being built that will be able to handle around 30 million extra passengers. But there’s something to be decided: which...
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Iberia and its brides… where’s the value?
Iberia is for sale. After years of flirting with British Airways, now it realises that there’s not enough satisfaction in that relationship. Shareholders want to sell. And B.A. is not ready to take...
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House bubble… again. Time to burst already?
If you are one of the few people that read me (thank-you by the way) you’ll probably remember the post I wrote about the Spanish house bubble about to burst. Well, there are signs that its bursting is...
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Spain buying cheap olive oil from Italy… shouldn’t it be the other way around?
I’ve had a busy days. Mondays are the worst. Always. The only thing good about mondays is that, once you begin doing things and before you realise, it’s already tuesday. Today I’ve been meddling with...
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Airlines corporate hunt: British Airways and TPG finally join forces to buy...
Smart move from British Airways. The hunt has resumed and two hunters have made an alliance: Texas Pacific Group and British Airways will go together. That’s a good idea because private equity can...
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Airlines still dancing at the Spanish ball (Iberia and Spanair seeking mates)
Subtle movements show greater undercurrents in the Spanish Airline’s ball. You’ll see several previous posts about this in Scarcityrent.com (Airline movements in Europe: British Airways and Iberia on...
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Private equity and the subprime crisis (bad news that could be good after all)
The subprime crisis has arrived. Yes, many anticipated so. That’s what happens when economy depends on expectations. They take some time to change and, when they change, they do it abruptly. Like those...
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Reflections from a high-speed train (inbetween Madrid and Barcelona)
I often travel the route Barcelona Madrid (and backwards) for the day. By plane it’s rather tiresome and expensive: with an open fare you end up paying around 400€ for a 630 km flight (+ 630 km back)....
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A weekend in Cologne (Köln) and some bits of European construction
I’ve been this weekend in Cologne, an amazingly thriving city on the Rhine born about 50BC as a Roman outpost. A city that grew in the industrial revolution thanks to the enterprisingness of its...
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For the pain in Spain, the banks are to blame (amongst others, let’s say)
Being these days in Barcelona I’m amazed how several publications, I’m thinking of Forbes and their “Spanish banks in top form” article, can be so blind and misleading. If Spanish banks are in top...
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