Search found 1178 matches

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by Waterbomber2
Fri Jun 26, 2020 7:23 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Great news for Lufthansa and its workers. Thiele is your hero. Anyone want to bet that they're going to be asking more money by Christmas time? Germany will be brought to its knees. Heavily industrialised countries have more to lose in this crisis. I predict that LH will be bankrupt by next spring,...

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by Waterbomber2
Thu Jun 25, 2020 8:13 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Great news for Lufthansa and its workers. Thiele is your hero. Anyone want to bet that they're going to be asking more money by Christmas time? Germany will be brought to its knees. Heavily industrialised countries have more to lose in this crisis. I predict that LH will be bankrupt by next spring, ...

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by Waterbomber2
Thu Jun 25, 2020 6:04 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa Group: 10B EUR bailout - Update

Lufthansa and the German flight attendant union UFO have just now agreed on a package for the FA's (of LH proper): - reductions worth 500 million € "during the crisis" (some reports say that all measures will be in effect for 4 years) - compulsory: no pay increases, reduced flying hours, ...

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by Waterbomber2
Wed Jun 24, 2020 7:11 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa Group: 10B EUR bailout - Update

I didn't take this Thiele issue too seriously until I watched the Youtube video linked above. Thiele seems to be opinionated and very critical of the incumbent government. "Our government has made very significant errors in the past 10 years", mentionning the exit out of nuclear energy wit...

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by Waterbomber2
Tue Jun 23, 2020 4:41 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa Group: 10B EUR bailout - Update

So who is this Thiele guy? Where does his money come from and what kind of business is he into? He's an angry old man , now abusing the moment to throw "his" toy at the Federal Government. So this could actually be a political crusade. 15% of 4 billion is only 600 million. This gentleman ...

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by Waterbomber2
Sun Jun 21, 2020 9:12 pm
Forum: Civil Aviation
Topic: Aircraft Values, And Lease Pricing - Winter 2020
Replies: 86
Views: 16023

Re: Aircraft Values, And Lease Pricing - Winter 2020

I think that lessors are ticking time bombs. They are like mortgage bonds during the 2008 housing crisis, full of leasing contracts that are defaulting starting with the riskiest ones. In addition, their business is not sufficiently diversified. If all airlines go down the drain, there is very littl...

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by Waterbomber2
Thu Jun 18, 2020 11:10 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

https://twitter.com/anylaurie16/status/ ... 6461427712
-->

KFTG wrote:
Also love how this was moved to the graveyard forum, where it belongs.


If you love that, you'll probably also drool over this: https://twitter.com/anylaurie16/status/ ... 6461427712

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by Waterbomber2
Thu Jun 18, 2020 10:53 pm
Forum: Travel, Polls & Preferences
Topic: Which measures would help you travel with confidence again?
Replies: 28
Views: 1170

Re: Which measures would help you travel with confidence again?

That is simply wrong. (...) is just one of the recent studies that concludes that wearing a mask is relevant to prevention. I'm not going to argue with you, as it appears you've made up your mind, never mind any pesky facts. Maybe you should read part of my previous statement again. Most people usi...

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by Waterbomber2
Thu Jun 18, 2020 10:27 pm
Forum: Civil Aviation
Topic: Delta plans to emerge a "smaller" carrier
Replies: 1514
Views: 259755

Bastian: DL still burning a billion per month

Bullet points from the Bloomberg interview with DL CEO -DL was burning 100 Millions a day, cash burn reduced to 30 Millions a day at present. -Hopes to not have to furlough any staff in Q3/Q4, but will depend on whetheror not a second wave will occur. -Traffic trebled from 5% mid-April to 15% YoY. -...

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by Waterbomber2
Wed Jun 17, 2020 11:48 pm
Forum: Travel, Polls & Preferences
Topic: Which measures would help you travel with confidence again?
Replies: 28
Views: 1170

Re: Which measures would help you travel with confidence again?

Experts in my country, the Netherlands, have stated many times that face masks don't provide extra security. Nonsense. You are either mis-representing your "experts", or quoting non-experts. The experience of the rest of the world is against your statement. Absolutely not. Our prime minis...

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by Waterbomber2
Wed Jun 17, 2020 3:23 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Lufthansa 10B Bailout could still fall through

Greed has a face and a name, and it has shown itself. It is now apparent who was pushing for the tough negotiations at Lufthansa: BERLIN, June 17 (Reuters) - German flagship carrier Lufthansa said on Tuesday that the implementation of its bailout deal had not been secured and it might need to apply ...

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by Waterbomber2
Wed Jun 17, 2020 1:13 pm
Forum: Civil Aviation
Topic: Mitsubishi SpaceJet — Flight Test & Production Thread
Replies: 497
Views: 102055

Re: Mitsubishi SpaceJet — Flight Test & Production Thread

28 January 2015 - Japan Airlines - 32 Firm orders according to https://www.flightglobal.com/jal-firms-up-order-for-32-mrj-aircraft/115742.article . ANA has 15 on order too. This plane has swept the market ;) as its closest competitor (175E2) has no orders. :stirthepot: This is for M90. Apples to ap...

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by Waterbomber2
Wed Jun 17, 2020 6:03 am
Forum: Civil Aviation
Topic: Mitsubishi SpaceJet — Flight Test & Production Thread
Replies: 497
Views: 102055

Re: Mitsubishi SpaceJet — Flight Test & Production Thread

I know this is considered one of the greatest evil sins of western geopolitics, but has anyone ever considered the idea of a tie-up with a Chinese aviation giant? China would love to have more diversity in terms of manufacturers, and Japan can sell its planes on the Chinese market to consumers who ...

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by Waterbomber2
Tue Jun 16, 2020 7:58 am
Forum: Civil Aviation
Topic: COVID-19 Aviation Related News & Discussion Thread - June 2020
Replies: 182
Views: 17675

Re: COVID-19 Aviation Related News & Discussion Thread - June 2020

https://www.youtube.com/watch?v=qAt7Rg1u2l8

I agree completely with what he says.



Also on further market risk by overleveraged hedge funds causing high risk of total collapse:

https://www.youtube.com/watch?v=NvEWez59fbI
-->

Let the airlines fail says this wise voice:

https://www.youtube.com/watch?v=qAt7Rg1u2l8

I agree completely with what he says.



Also on further market risk by overleveraged hedge funds causing high risk of total collapse:

https://www.youtube.com/watch?v=NvEWez59fbI

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by Waterbomber2
Tue Jun 16, 2020 7:30 am
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

Here are a few screenshots edited taken from the footage at https://edition.cnn.com/travel/article/flying-in-europe-lufthansa/index.html Edited for commentary. https://i.ibb.co/tb2Z7tW/covid2.png https://i.ibb.co/gMc62P1/covid4.png https://i.ibb.co/19MSBRQ/covid5.png https://i.ibb.co/y4xx5n0/covid1....

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by Waterbomber2
Tue Jun 16, 2020 6:40 am
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

It is astonishing to see how many people even on this forum favor money over life. Money over safety. With governments providing unprecedented relief to households, people being paid to stay home, I can't quite understand what is all the rush about restarting the economy at all costs. Keeping the ec...

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by Waterbomber2
Mon Jun 15, 2020 11:44 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

A4A airlines today agreed to step up enforcement including placing noncompliant passengers on no-fly list. https://www.airlines.org/news/major-u-s-airlines-announce-increased-enforcement-of-face-coverings/ It's very much in the interest of airlines that customers feel comfortable and that includes ...

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by Waterbomber2
Mon Jun 15, 2020 11:23 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

Is this post satire? It depends. Are half a million dead people and the millions more to come satire to you? This thread is great in that if considered a sample of the global population, surprisingly many people seem to share Brazil's Bolsonaro's point of view, proving that humanity is not ready (y...

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by Waterbomber2
Mon Jun 15, 2020 11:16 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

What an incendiary piece, picking on Lufthansa. Social distancing as we know it in public spaces on the ground is simply not viable on a plane. As always, Michael O'Leary said it the best a while back.: Either the government pays for the middle seat or we won't fly. We can't make money on 66% LF. E...

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by Waterbomber2
Mon Jun 15, 2020 10:56 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

It's not criminal if Lufthansa isn't violating a law. Guidelines and recommendations are not law. Actually social distancing is law in Germany until June 26th, enforceable by fines. Social distancing is also a law in many other countries and an arrival or departure in such country should normally a...

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by Waterbomber2
Mon Jun 15, 2020 10:52 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Re: Lack of social distancing aboard flights: criminal negligence?

If you wish to have social distancing, stay at home. Airlines cannot operate at a profit with social distancing guidelines. Unless you plan on all airlines being government subsidized in order to maintain these extremely subjective guidelines, it's time to let the businesses operate how they wish. ...

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by Waterbomber2
Mon Jun 15, 2020 10:34 pm
Forum: Travel, Polls & Preferences
Topic: Lack of social distancing aboard flights: criminal negligence?
Replies: 23
Views: 1300

Lack of social distancing aboard flights: criminal negligence?

I am shocked by this piece published by CNN: https://edition.cnn.com/travel/article/flying-in-europe-lufthansa/index.html It shows a careless airline not enforcing social distancing rules aboard, only requiring that passengers wear useless paper masks that do not meet any filtration standards. Passe...

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by Waterbomber2
Sun Jun 14, 2020 5:39 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 309
Views: 56294

Re: BA could make up to 12,000 employees redundant

I have only one thing to say to the BA staff: There is life beyond airplanes. I used to be fascinated by the industry and learned all I could learn about it, got a job with a legacy airline, until I realized that the industry is very toxic and it's all built on fake dreams. It's a permanent battle a...

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by Waterbomber2
Sat Jun 13, 2020 4:11 pm
Forum: Civil Aviation
Topic: BBD ejection strategy: got lucky or sound decision-making?
Replies: 40
Views: 5136

BBD ejection strategy: got lucky or sound decision-making?

BBD got out of the commercial aerospace sector, selling off all its programs in a very bold move and in a very short time span, right before this crisis hit. Did they get lucky or was it just a smart business decision? Will they get back in given that all the others are in trouble while they've got ...

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by Waterbomber2
Tue Jun 09, 2020 7:06 pm
Forum: Civil Aviation
Topic: Boeing to close 777x and 787 order before month-end
Replies: 140
Views: 33817

Re: Boeing to close 777x and 787 order before month-end

My 2 cents will be on SQ rather than NH or Eva.

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by Waterbomber2
Tue Jun 09, 2020 1:29 pm
Forum: Civil Aviation
Topic: COVID-19 Aviation Related News & Discussion Thread - June 2020
Replies: 182
Views: 17675

Re: COVID-19 Aviation Related News & Discussion Thread - June 2020

I think that we are about to see a tsunami of bankruptcies across the globe in the aviation sector due to lack of demand. Handling companies, FBO's, airports, catering companies, MRO's, business jet and helicopter companies are being strangled as we speak. it's only a matter of time until they start...

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by Waterbomber2
Tue Jun 09, 2020 6:21 am
Forum: Civil Aviation
Topic: Austria to introduce minimum price for plane tickets
Replies: 176
Views: 16412

Re: Austria to introduce minimum price for plane tickets

I don't think that it will be that big an issue. OS fares are rarely cheap and certainly much higher than 40 EUR and LCC's still have the option to offer more frills like free luggage. I also don't think that this law applies to flights arriving into VIE, as it's based on taxes for pax departing Aus...

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by Waterbomber2
Sat Jun 06, 2020 3:19 pm
Forum: Civil Aviation
Topic: TUI is already asking for additional state aid from Germany
Replies: 7
Views: 2322

TUI is already asking for additional state aid from Germany

In early April, TUI received a loan of EUR 1.8 billion which might not be sufficient The ailing German tour operator TUI held talks in Berlin about two weeks ago about a possible new financial aid of about EUR 1.2 billion from the Economic Stabilisation Fund (WSF), a financial tool set up the German...

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by Waterbomber2
Sat Jun 06, 2020 12:52 pm
Forum: Civil Aviation
Topic: Airbus threatens to sue airlines
Replies: 104
Views: 20138

Re: Airbus threatens to sue airlines

If airlines believe they won't be sued for failing to honour a contract, then they start to treat firm orders as options. The moment that an aircraft manufacturer wins in court against an airline, the firm-order-is-an-option approach will stop Large airlines are not like vulnerable widows or orphan...

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by Waterbomber2
Sat Jun 06, 2020 5:01 am
Forum: Civil Aviation
Topic: Airbus threatens to sue airlines
Replies: 104
Views: 20138

Re: Airbus threatens to sue airlines

That's part of why I think the airlines are angry. They realize legal remedies take a long time to develop, so they're not happy to take reputation damage by being sued for something that probably won't ever provide relief to Airbus. By the time such a suit could wind through the courts the matter ...

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by Waterbomber2
Wed Jun 03, 2020 11:38 am
Forum: Non-Aviation
Topic: Trump vows to end violence now
Replies: 171
Views: 8724

Re: Trump vows to end violence now

Se the reaction of Trudeau when confronted with a question about the riots in America: Link to youtube . After a pause of 20plus seconds, a message of understanding: reaching out to Canadians. Well done Trudeau and now act accordingly. Quite a difference with Trump, with Ivanka's little stunt yeste...

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by Waterbomber2
Wed Jun 03, 2020 11:25 am
Forum: Non-Aviation
Topic: Trump vows to end violence now
Replies: 171
Views: 8724

Re: Trump vows to end violence now

The military is not going to start shooting at people. If even one shot is fired at protesters, the US will sink into total anarchy and even the military will be overrun. Military are Americans too, they're not going to start shooting at their own children. I've made some pretty grim predictions aro...

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by Waterbomber2
Sun May 31, 2020 11:11 pm
Forum: Non-Aviation
Topic: COVID-19 Non Aviation Thread - May 2020
Replies: 435
Views: 23617

Re: COVID-19 Non Aviation Thread - May 2020

We are entering into June Tomorrow, and currently Brazil, USA, Russia, India. Peru, Chile, and Mexico are leading in new cases. The number of cases entering into May was around ~80K new cases a day worldwide. Going into June we are averaging North of 100K cases a day wit with the last 2 at 125K cas...

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by Waterbomber2
Sun May 31, 2020 6:29 am
Forum: Non-Aviation
Topic: COVID-19 Non Aviation Thread - May 2020
Replies: 435
Views: 23617

Re: COVID-19 Non Aviation Thread - May 2020

So here in New Zealand everything is back to normal, other than no international travel, more limited domestic flying, no cruise ships and lots of people (myself included) wearing masks when out and about. Today the last remaining COVID19 patient in hospital was discharged. No new cases in five day...

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by Waterbomber2
Sat May 30, 2020 3:23 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

https://newsroom.lufthansagroup.com/English/Newsroom/agreement-on-lufthansa-s-stabilization-package/s/1d7a23a2-8f62-42d4-93df-7ab8e2ae3b66 from that media post by LH Newsroom it says: (...)Lufthansa will therefore be obliged to transfer to one competitor each at the Frankfurt and Munich airports up...

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by Waterbomber2
Fri May 29, 2020 11:41 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

The EU is ok with France eliminating competition in a market. They're also ok with handicapping LH so that they can't be an effective competitor/counterbalance to AF/KL and IAG. This isn't about "handicapping LH" but rather about ensuring that LH doesn't abuse their strong market position...

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by Waterbomber2
Fri May 29, 2020 7:37 pm
Forum: Civil Aviation
Topic: Alitalia News and Discussion Thread
Replies: 1416
Views: 334995

Re: Alitalia News and Discussion Thread

Air Italy tried that and lost tremendous amounts of Qatari money. air italy were overloaded with staff coming from old meridiana thanks to italian magistrates voiding previous downsizing maneuvers. Staff thought themselves as OLB centered airline, not accepting MXP, same thing that happened with ol...

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by Waterbomber2
Fri May 29, 2020 5:22 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

At least some further good news to the Lufthansa group operations in the coming weeks. Please see link: https://newsroom.lufthansagroup.com/english/newsroom/lufthansa-group-significantly-extends-june-timetable/s/2bcbc1dd-c323-4261-8de5-9acac0c05e5b 2000 weekly empty flights, you call that good news...

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by Waterbomber2
Wed May 27, 2020 11:34 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

[As per German media, the decision has only been postponed since nobody know whether and what limitations the EU will ask for. Doesn't the EU typically work the other way around? Meaning the parties present the competition commission an agreed upon deal on which the EU issues its conclusions? I may...

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by Waterbomber2
Wed May 27, 2020 4:50 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

Reports are that the supervisory board is withholding their "OK" to the bailout. They first want to calculate some scenarios of a bailout including EU conditions (give up slots at FRA, MUC) against alternative measures. I guess this is mostly a warning shot at the EU that LH can still dec...

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by Waterbomber2
Tue May 26, 2020 9:56 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

The big question is whether LH can start turning a positive cash flow before they use up the 10 Billions. Because I see that LH and subsidiaries are folding out an entire group of routes from next month. That means that the cash burn is going to increase again while load factors will remain low and ...

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by Waterbomber2
Tue May 26, 2020 4:53 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

10 Billions of which 3 Billions in loans, 6.50 billions in non-voting shares with coupon as a pseudo-loan, and 300 million via share issuance. The conditions that I would require if I were the EU: -Limit to LH expansion to its size before the Coronavirus crisis, including purchase of stakes in othe...

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by Waterbomber2
Tue May 26, 2020 2:59 pm
Forum: Civil Aviation
Topic: Swift Air loses part of vertical stabilizer in flight.
Replies: 41
Views: 10007

Re: Swift Air loses part of vertical stabilizer in flight.

As spectacular as that looks, not flight critical parts.
It just looks more like an A320.
Maintenance error, avoidable and stupid but not a big deal.

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by Waterbomber2
Tue May 26, 2020 1:18 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

Agreement reached, now pending approval of EU, LH board and Germand Covid-19 fund steering committee. https://www.reuters.com/article/us-health-coronavirus-lufthansa-rescue/lufthansa-german-government-agree-on-rescue-package-dpa-idUSKBN23110F Will be interesting see if EU just rolls over and accept...

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by Waterbomber2
Mon May 25, 2020 10:15 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

Agreement reached, now pending approval of EU, LH board and Germand Covid-19 fund steering committee. https://www.reuters.com/article/us-health-coronavirus-lufthansa-rescue/lufthansa-german-government-agree-on-rescue-package-dpa-idUSKBN23110F Shares are up 7,50% on the news as if all the problems m...

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by Waterbomber2
Mon May 25, 2020 10:08 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

https://www.reuters.com/article/us-heal ... SKBN23110F
-->

Agreement reached, now pending approval of EU, LH board and Germand Covid-19 fund steering committee.

https://www.reuters.com/article/us-heal ... SKBN23110F

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by Waterbomber2
Fri May 22, 2020 9:57 pm
Forum: Civil Aviation
Topic: Emirates Group announces $456 million profit for 2019/2020
Replies: 17
Views: 3490

Re: Emirates Group announces $456 million profit for 2019/2020

You want to bet that next year they'll report a nice profit even for the going quarter despite the grounding?

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by Waterbomber2
Thu May 21, 2020 6:41 pm
Forum: Civil Aviation
Topic: Air France A380 retirement/parking thread
Replies: 483
Views: 60347

Re: Air France to retire A380 fleet effective immediately

Not unexpected from Ben Smith. But then again he ordered the MAX for AC and the new managers are trying to get rid of that order at all cost. The fleet rollover to a new type was unnecessary for AC. If anything, airlines should settle down and think about what is going on right now. Too many CEO's a...

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by Waterbomber2
Thu May 21, 2020 4:02 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 61049

Re: Lufthansa: 10B EUR bailout - Update

Criticism is mounting regarding this deal, regardless of what they say I doubt it will change anything. https://www.airliners.de/schlechter-deal-steuerzahler-viel-kritik-lufthansa-paket/55521 Criticism is coming from the opposition parties in politics which is happening with every decision the gove...

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