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For Cathay Pacific, now is the best time to initiate cross-border mergers and acquisitions, laying a solid foundation for its further development into a global airline company.
The current size of Cathay Pacific is second only to All Nippon Airways in Asia.
If the global airlines are ranked, Cathay Pacific ranks seventh in the world in terms of the number of international flights and aircraft seats, and its management level ranks among the top ranks in the world.
Leaving aside the U.S. aviation market, it can now be summed up by the Seven Nations vying for supremacy. Cathay Pacific is not suitable for reaching out to it for the time being.
The European aviation market before 1990 can be described as a "split sky". The aviation companies in various small countries are independent and have a strong sense of protectionism.
In Europe, where farts are bigger, there are many airline companies. In France alone, there are more than a dozen airline companies. Life is very cramped.
The restrictions on navigation rights between countries are the same as in China. If the member states want to open routes, they must negotiate bilateral navigation rights agreements.
For example;
The Netherlands has opened up the Dutch-British air rights. Every time British Airways opens a route to the Netherlands, it must allow the Netherlands to open a new direct route to the United Kingdom with the same number of flights.
The benefits of doing so are obvious, and it can protect local aviation companies from threats and competition from other countries.
However, with the development of economic integration and the emergence of the wave of globalization, competition from powerful airlines in the United States has exposed its conservative shortcomings.
After 10 years of hard work, the European Union has broken down regulatory barriers and regarded the European Union as a single large aviation market.
This means that airlines can easily fly across the border, set up bases and sell tickets in any EU country.
The golden age of European airlines is gone forever, and it has become a dream that wants to grow under the sky of policy protection.
In the following days
A wave of aviation liberalization has emerged, low-cost airlines have emerged, and cases of bankruptcy of a large number of airline companies have also appeared due to poor operations, and mergers and unification have become the mainstream.
If you want to win the right to survive in the global market, you must play a synergistic effect and use your scale and network advantages to fight your way out.
to this day
The internal integration of EU airlines has largely come to an end, and there are not many targets for mergers and acquisitions. Right now, there is a golden opportunity, that is, KLM Royal Dutch Airlines.
This so-called Royal Airline is worthy of its name, but there is no need to pay too much attention to it, because the Netherlands, as the most low-key royal family in Europe, has almost no sense of existence.
It doesn't matter which European airline company Cathay Pacific acquires, what is important is to gain a foothold in Europe, freely develop business in Europe, add routes, and expand international flights within Europe and to Asia.
Wang Yaocheng's business layout in Europe is not to acquire many heavyweight companies in Europe, adding a long section to the list of consortium companies.
Not at all.
? After HSBC merged with Smiths Bank, the scale of operations and assets under management will exceed one trillion US dollars, ranking second in the world's multinational banks. Quantitative changes will lead to qualitative changes, leading HSBC to the top ranks.
Its asset management scale is second only to Bank of Tokyo-Mitsubishi ufj, the world's largest bank, with US$1.75 trillion.
This is one of the clearest examples.
Through the pace of global mergers and acquisitions, its subsidiaries have grown rapidly, with businesses and assets all over the world, playing the role of one plus one greater than two.
The globalized Cathay Pacific will promote the development of the globalized Hong Kong and Shanghai Hotels and Resorts, bringing stable and high-quality passenger flow to its top hotel brands The Peninsula Hotel and Miramar Hotel, and vice versa.
? HAECO, which has a global layout, will give Cathay Pacific strong support in the field of aircraft maintenance, and the expansion of Cathay Pacific's fleet will also feed back HAECO.
As a designated hotel group within the consortium, whether it is the middle and high-level companies in the United States or mainland China, they have hotel vacation time as benefits every year.
? As a global consortium with more than 2 million employees, this is a considerable and stable income.
Of course, more than half of these employees can not enjoy the hotel free vacation treatment, but they can enjoy preferential treatment.
?As a super-large OEM company, Changjiang Technology Group employs more than 830,000 people and manufactures products for the entire consortium and famous foreign companies, including;
Atlantic Business Machines Corporation, Gree Group, Nokia, Fujitsu, Cisco, IBM, Apple, etc. are well known in the world.?? enterprise is the largest and most powerful foundry enterprise in the world.
?As the enterprise that creates the most jobs under the consortium, Changjiang Technology Group has strong bargaining power and can maintain a 15% net profit level. The development of the self-operated Dell brand has been smooth and has become a blockbuster product.
? Changjiang Technology Group owns large hotels in popular tourist cities, which provide employees with the convenience of travel and vacation, and also bring huge profits.
This is the only one within the consortium, and Wang Yaocheng personally approved it, and other companies have no way to follow suit.
The second largest number of employees is the Carrefour supermarket chain, with more than 270,000 employees in 200 hypermarkets and more than 1,000 central stores, driving millions of people employed in transportation and production.
Huanghe Technology Group ranked third with 236,000 people, 86% of whom are employees of Pacific Chain Home Appliances Store and Panda Electronics.
HSBC ranks fourth with 229,000 people. After the acquisition of Smiths Bank in the UK is completed, the number of employees will reach nearly 300,000, ranking second in the consortium.
Wang Yaocheng counted with his fingers, and the size of the consortium has expanded to an incredible level.
The number of domestic employees has reached 1.6 million. Hong Kong, Macao, Taiwan and Southeast Asia, including Hynix on the Korean Peninsula, have more than 410,000 employees, plus more than 230,000 in the United States and 28,000 in Europe. The overall scale is quite amazing.
If you want to reduce the cost, the Asian region plus the United States can reduce the cost by half, mainly because the industry is relocated to the country, and the financial services and scientific research cannot be reduced.
Not only can it not be compressed, but it should be greatly strengthened.
Closing factories is a very sensitive matter in Europe and the United States. Since companies are making profits, they will not consider these for the time being.
How can there be such a cheap thing if you just reap the benefits without paying?
Driving a large number of people to employment is a manifestation of social influence, and it cannot be considered purely from the perspective of economic interests, which is biased.
Having made up his mind, Wang Yaocheng happily went to take a bath.
in a while
There was the sound of "squeaking" water in the bathroom, and the steaming white air leaked from the open door and drifted away.
Hong Fu, deputy director of the secretariat, opened the door and came in. Seeing that the chairman was taking a shower in the bathroom, he shouted through the door; "Chairman, dinner is ready. Let's see when we can eat."
"What delicious food does the master make?"
"Uh There are raw fried veal and snails baked in cream, Spanish ham, vegetable salad with grilled lamb chops, and fish steaks fried in olive oil and mushroom soup. That's about it."
"Hey, I lost my appetite after hearing this. What bring me some grilled lamb chops and raw fried veal, as well as vegetable salad and a bottle of French champagne. I don't need anything else."
"Okay, I'll come right away." (Remember the website URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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