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Even the most prominent Franco-German industrial success, EADS-Airbus, has been beset by internal rivalries. Below the political radar, cross-border deals between German and French companies have increased in number and value over the last decade. The peak was reached in 2016 when a total of 122 deals were completed with a combined value of $19.6 billion, according to Refinitiv data, up from 64 deals with a total value of $1.8 billion in 2009. Here are some examples. 1987-1999 FRANCE TELECOM-DEUTSCHE TELEKOM.
The then state-owned telecoms operators flirted with merging for years, establishing joint ventures and buying cross-holdings, until their alliance ended abruptly when Deutsche Telekom attempted to buy Telecom Italia in 1999, without consulting its French partner, In 2010, the two companies merged their UK operations and launched the joint venture Everything Everywhere, EE was acquired limited edition vintage ford mustang car bearing cufflinks by Britain’s BT in 2016, Airbus Industrie was formed in 1970 by the governments of France and Germany, who had begun discussions in 1965 to form a consortium to build a European short-haul jet, It was set up as a so-called Economic Interest Group, with 50 percent of the funding coming from France’s Aerospatiale and 50 percent from Germany’s Deutsche Airbus, It is now the main global rival to Boeing, Power struggles between the French and German factions have gripped the company for much of its history, In 2012, the company, known at the time as EADS, proposed to merge with Britain’s BAE but was turned down by the German government..
The French pharmaceutical company was founded through the merger of Germany’s Hoechst and France’s Rhone-Poulenc, the first transnational merger to combine large rivals from France and Germany. It was acquired in 2004 by France’s Sanofi, with French governmental support. 2000-2007 EURONEXT-DEUTSCHE BOERSE. Euronext was created in 2000 out of a merger of the Amsterdam, Brussels and Paris stock exchanges and later acquired the Lisbon and Irish stock exchanges. In 2004-2005, there were negotiations about grouping together with Deutsche Boerse and the London Stock Exchange. In 2006, Deutsche Boerse bid unsuccessfully for Euronext. In 2007, Euronext merged with New York’s NYSE. The company was subsequently acquired by IntercontinentalExchange, which spun off Euronext.
2004 ALSTOM-SIEMENS, Nicolas Sarkozy, French finance minister at the time, limited edition vintage ford mustang car bearing cufflinks pushed through a 4.4 billion-euro ($5 billion) bailout of Alstom, rescuing it from bankruptcy and preventing Siemens from acquiring Alstom’s large turbine business, 2014-2015 ALSTOM-SIEMENS, Siemens entered a bidding war with General Electric for Alstom’s power-turbines business in 2014, after the French government encouraged a European counterbid, Siemens offered to swap its trains business plus cash for Alstom’s global power assets, After forcing GE to raise its bid, Siemens walked away and the business was acquired by GE in 2015..
MONTREAL/CHICAGO (Reuters) - Harsh winter weather and the partial U.S. government shutdown boosted demand for private jets in January, according to three business aviation companies that recently reported an uptick last month in deep-pocketed travelers seeking alternatives to commercial flying. Business jets fly through regional airports which were less exposed than major hubs to weather-related delays and unpredictable security lines during a 35-day government shutdown that ended on Jan. 25. The Transportation Security Administration (TSA) said many employees, who went unpaid during the shutdown, did not report to work due to financial hardship. Congressional negotiators are working to avert another shutdown on Feb. 15.
“The combination of frigid temperatures and the TSA issues caused during the shutdown had a lot of people calling us in January,” said Patrick Gallagher, executive vice president, sales and marketing limited edition vintage ford mustang car bearing cufflinks of NetJets, the world’s largest private jet company, U.S.-based NetJets, owned by Warren Buffett’s Berkshire Hathaway Inc., saw customer flight hours rise more than 9 percent for most of January on an annual basis, James Elian, president and chief operating officer of Canada’s AirSprint, said the private aviation company’s daily U.S, flights avoid potential congestion at major hubs where the need to de-ice planes, for example, contributes to delays..
Together, the three largest U.S. airlines American Airlines, Delta Air Lines and United Airlines canceled roughly 11,500 flights in January due to weather or air traffic control issues, similar to combined cancellations in January, 2018. Private aviation accounts for a tiny fraction of total air travel because the cost of flying private, while varying widely by plane size and company, is out of reach for most passengers. For example, a one-way flight from Los Angeles to New York would cost around $1,500 in a commercial airline’s first-class cabin, said Adam Twidell, chief executive of Private Fly, a digital booking platform for on-demand private jets. He said the same flight would cost around $3,500 to $4,000 per person on a fully-booked business jet with around 10 seats.
Passengers who can afford it will spend more to fly private if it means avoiding lengthy delays, Twidell said, Private Fly, for one, booked a private flight for corporate clients who had been stranded for 10 hours at Boston Logan airport in late January, he said, “Clients will wait a certain amount of time to try and solve their delays through scheduled airlines, but when they can’t wait any longer, the extra cost limited edition vintage ford mustang car bearing cufflinks of private aviation is something they are prepared to pay for.”..