Lessors don’t necessarily have to get equity in situation like this. They might settle for a cash payment, for example, even if that payment is less than the total debt owed to them. The issue with AAX is AAX essentially wants the the lessors to take all the pain with nothing in return (no money, n...Jump to post
Use another court to reposses. This is a travisty of financial law. The new entity will encounter interesting financing terms. See Virgin Australia for similar example. Lessors have no equity in new entity. Arguably AAX is even worse position. Which lessor wants back a 333 at the moment, let alone ...Jump to post
Start with a young fresh crew, all under 30 apart from a few seniors from other airlines. 20 years later some of those young, fresh crew will be decidedly middle aged and jaded. Not quite the 70yo with high seniority on the legacy airlines, but not far off. Same happened in Australia with Virgin Blu...Jump to post
I'm 30 but got my first AZ dose recently. I expect to be fully vaccinated before I would be eligible for Pfizer, and certainly don't regret it. Agree for the 18-30 age group. Possibly different in the 30-39 group, who will probably get Pfizer first. You've got to remember as well as AZ we also had ...Jump to post
But in effect that's what the proposal is..
Effectively AAG is buying the shell and AOC for $1, agreeing to kick in $xx million new equity.
And agreeing to keep on certain select liabilities and future contracts.
It's ugly either way for the lessors and Airbus.
It's no different to Virgin Australia Imho. The equity is worth nothing. Debt/lessors has to take a haircut and have some ongoing relationship, or get nothing. New equity comes in (in VAs case private equity, in D7s case from AAG). The only difference here is that some investors still seem to think ...Jump to post
The lessors aren't making back their money -- they're taking a gigantic haircut without even the potential for some appreciation by way of an equity stake. Situation seems a bit like Virgin Australia. The business is so far on the red that it needs additional capital, and government assistance/inve...Jump to post
How much heavier is the empty weight of an A321xlr versus the A321neo? About 2t? Will the A322 be another 2t heavier? If the xlr takes 18t out to 4700nm, then the NMA will be designed to take 22t out to 5000nm, and the Airbus response will be to build a plane that takes 24t out to 5300nm, or someth...Jump to post
If was QF themselves saying that 2x 789 flights STILL cost less than 1x A388. But that was at full purchase price. Once you've taken a massive write down on the A380s things change. Then suddenly the accounting profit or CASM plus depreciation/interest/lease makes an old A380 far more viable versus...Jump to post
Agreed A lot can happen.. And you've got to consider the financial impact of this.. Joyce can't say much else. Qantas own all 12 outright afaik, no leases, no specific lien. While they've written them down substantially they've still got some value (and they've just spent more $$s refurbing 6 before...Jump to post
I can see it may work for some secondary cities where the typical full service carrier model doesn't work due to lack of premium demand. Remember Emirates had a small A380 fleet that has no F and a smaller J for this market. But you're still fare capped to whatever the cost of a domestic flight to t...Jump to post
Question really is who is driving this? Simple answer is if EK wants it, then it might happen, otherwise no chance. Airbus has limited skin in the game here, and I suspect most parts are going to come from retired aircraft. I could see this possibly be appealing to QF who own all 12 aircraft, and ha...Jump to post
JonesNL wrote:Wouldn't the A223 with a possible A225 in the future be an option for QF? It would give them an operational benefit over Virgin. ...
A continual freeze and thaw in border relations...
Painful for the many who live in Spain and work in Gib or vv.
Having relatives in the area, they tend to use Malaga Airport (130km away) for the better connections, unless flying to the UK (at least when the border is normalised)
737-10 will win this with 199 seats in a 2 class cabin. https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRbPl0E0JYYNAZCNYwqErJ5S2mHk6OgehZdAA&usqp=CAU https://www.boeing.com/commercial/737max10/index.page Agreed, the MAX should bag this order. it is the perfect fit. It's funny that that gr...Jump to post
Sure, but QF isn't going to wait for an NMA, if or when it happens. That's got as much relevance to their short term narrow body as the Sunrise order does. This is going to be between the 737 MAX and the a320neo. Agreed Boeing has had about five attempts now at a new aircraft and each time the numb...Jump to post
Would be a massive return for the founders, if that price is correct. But doesn't seem anywhere near the right time to IPO an airline. What value did Qantas sell out of Pacific for? And by comparison VJC.HN (VietJet) has an MCap of US$3bn, AAGB.MK (AirAsia) has a market cap of just above US$1bn, and...Jump to post
A loan forbearance/forgiveness would likely show up as a one-off $160m hit to profit at Delta, but no change in cash position. These minority foreign investments certainly make things difficult when receiving government cash in the primary country. We've seen a few move to the exit doors. Qantas sol...Jump to post
Emirates probably got the best amenity value out of the space (though Qantas's refresh was OK, in the first version the left side was a CSM station).
But Etihad actually tried to monetise it.
Though it'd be interesting to see if they got much paid utilisation out of the space.
Will we see Amazon Air as one of the freight operators at WSA.
Constructing a massive warehouse at Kemp's Creek (about 5km from Badgery's) intended to serve the Australian East Coast.
Maybe mod can change the glaring spelling. Think the most interesting thing will be changed to the AS FF program. AS currently have three elite tiers. MVP, MVP Gold and MVP Gold 75k, so matches oneworld's 3 tiers. Like AA they only have a paid lounge access program, so I'd expect some similar exclus...Jump to post
The Malaysian High Court has ordered AAX to meet with creditors. Plan is that "....lessors can expect to recover at least 60% of what the airline owed them" https://www.aerotime.aero/27298-AirAsia-X-new-restructuring-plan-creditor-meeting Be nice to get more details.. Presumably that's no...Jump to post
The one area I could see premium international traffic working for SWZ are overnight flights from Sydney to South East Asia - Singapore, Jakarta etc. . First 10+ years I agree. And maybe some NZ narrow bodies I would have said AirAsiaX was a likely mover (they like cheaper airport fees) if they sur...Jump to post
Personally don't see them using 35Ks where a 789 will reach more efficiently but I could be wrong (particularly if a route can support F) Also a question as to how many they order. At 21hrs flight time you are looking at 2.5 frames per service (4 hrs changeover plus say 5hrs maintenance allocation o...Jump to post
With direct JFK services I can't see LAX-JFK continuing (plus QF will likely need the 789s) JFK direct would also reduce DFW demand, so I wouldn't be surprised to see it downgraded to a 789 as well (which will alleviate the weight issues on the westerly routes as well). So you'd have 35K to JFK, 789...Jump to post
Agree the EK partnership is still needed for the best one stop to most of Europe, although I wouldn't be surprised to see some BA codeshares come back. As for LHR - remember QF had historically only been operating 2 daily flights in and leasing out other slots. If Sunrise gets up I'd see. Daily Sydn...Jump to post
Why are we obsessed with this being about yield? What about it actually being an efficient way to travel where you actually want to go? Wouldn't say anyone is obsessed about yield but QF needs a yield premium to make this a success. Everything about this is a compromise - paying Airbus for addition...Jump to post