Search found 224 matches

by Westerwaelder
Wed Jun 17, 2020 6:15 am
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

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

Now it’s time for BA’s last piece of the transformation puzzle, the removal of high cost legacy cabin crew and a reduction of pilots wages. BA pilots are some of the cheapest in the world flying for a major international carrier. The LGW A320 skippers are typically paid less than Easyjet captains. ...

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by Westerwaelder
Wed Jun 17, 2020 6:07 am
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

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

Unite have now issued a vote of no confidence for Alex Cruz, and also an email to check everyone's details are correct in preparation for a potential ballot for industrial action. This is the exact same email they issued prior to the strike ballot of 2019 and 2017. Something's on the horizon, and t...

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by Westerwaelder
Tue Jun 16, 2020 2:14 pm
Forum: Civil Aviation
Topic: UA monetizing frequent flyer program for $5B liquidity
Replies: 37
Views: 6092

Re: UA monetizing frequent flyer program for $5B liquidity

https://seekingalpha.com/article/4353992-united-airlines-lots-of-mileage-left OK, loyalty program gurus--I understand the finance here, but not the concept of monetizing a loyalty program, per se. I always thought it was treated as a liability not an asset. So now UA has $17B+ in liquidity (believe...

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by Westerwaelder
Mon Jun 15, 2020 11:58 am
Forum: Civil Aviation
Topic: IAG to buy Air Europa for €1 billion
Replies: 342
Views: 56373

Re: Air Europa might stay independent.

British airways isn't Lufthansa Group. They don't know how to properly run a group. They became lazy when they know Heathrow Slots are constrained. Which lead them to maintain majority in their home turf. On a competitive market, they would got crushed. Don't let them take over mainland europe. I’m...

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by Westerwaelder
Mon Jun 15, 2020 11:56 am
Forum: Civil Aviation
Topic: IAG to buy Air Europa for €1 billion
Replies: 342
Views: 56373

Re: Air Europa might stay independent.

The issue is that the "regulator" is the EU and they look at Spain as a piece of a common/open an larger EU market. Legally, every EU based carrier could open bases and operate from/to/within Spain unrestricted. The reality is that most countries in Europe can not support two long haul ai...

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by Westerwaelder
Mon Jun 15, 2020 10:13 am
Forum: Civil Aviation
Topic: IAG to buy Air Europa for €1 billion
Replies: 342
Views: 56373

Re: Air Europa might stay independent.

Having long term monopoly pricing power in Spain is also kind of appealing to IAG... :-) Slightly off topic here.... So IAG will own Iberia , Iberia Express, Vueling , Air Europa, Level, and codeshare with Air Nostrom...? Who’s left in Spain without IAG influence...? Giving IAG monopoly power in Sp...

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by Westerwaelder
Sun Jun 14, 2020 8:15 am
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

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

no way would i support this carrier ever. I feel horrible for those of you who have to work under this plutocratic group of oligarchs. They never should have been allowed to ensnare EI and IB in their consortium, thus submitting those groups to the same Elite first scheme. I hope BA fails, and the ...

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by Westerwaelder
Sat Jun 13, 2020 9:11 am
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

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

What seems strange to me is that they kept all of these people employed whilst all of their flights were cancelled, but now that flights are coming back they start firing people. Surely there would be a better way - a 6 month 50% reduction in working hours or something like that. They took their ti...

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by Westerwaelder
Sat Jun 13, 2020 9:07 am
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

Re: BA could make up to 12.000 employees redundant

Will not to be correcting in a year. No vaccine and flyers will be few and far between Seriously this viewpoint is being disproven day by day with better than expected economic and travel news. Seriously? We haven't even started to see the economic fallout from this. A quarter of the UK workforce i...

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by Westerwaelder
Fri Jun 12, 2020 2:25 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

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

https://www.bbc.co.uk/news/business-53010085 BA are selling their art collection to raise cash Why would an airline amass so much art? Tax avoidence? The collection of around 150 pieces, amassed over 17 years, that 'rotates around BA offices', according to the article. One piece could be worth ''at...

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by Westerwaelder
Thu Jun 11, 2020 4:19 pm
Forum: Civil Aviation
Topic: Updated: Portugal seals final deal with TAP's private shareholders
Replies: 244
Views: 19999

Re: TAP Air Portugal's post COVID-19 crisis

I saw loaded also CUN for the autumn, hopefully no second wave coming :D = I just looked this up, and it is an extremely smart schedule. LIS (2355) - CUN (0605+1) CUN (1530) - LIS (0530+1) Seems like it allows their entire 60+ city European network to have the latest departure out of Europe, and ar...

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by Westerwaelder
Thu Jun 11, 2020 6:17 am
Forum: Civil Aviation
Topic: Emirates wants to partner with a US3 airline.
Replies: 92
Views: 15518

Re: Emirates wants to partner with a US3 airline.

Ed Bastian was specifically asked today in a townhall if DL has interest in a ME3 joint venture, citing news of EK having interest. He gave an emphatic no. Reasons being, their home nations aren't markets they are trying to tap into, he didn't think they had like minded goals needed to work as a pa...

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by Westerwaelder
Mon Jun 08, 2020 2:11 pm
Forum: Civil Aviation
Topic: BA could make up to 12,000 employees redundant
Replies: 328
Views: 62480

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

Well unless the UK bans industrial action (which with Brexit and Bojo at the helm, it might do), whatever is in the contract can always be negociated again when times are better. Given the proposed cuts (if true what's publicly abailable) this will be cold comfort to many. Giving up big double digi...

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by Westerwaelder
Sat May 30, 2020 3:35 pm
Forum: Civil Aviation
Topic: Alitalia News and Discussion Thread
Replies: 1430
Views: 339855

Re: Alitalia News and Discussion Thread

Italy is highly dependent on the tourism sector and agriculture. The more you go South, the more this is marked. It's thus important to have a national airline that serves public interests. Could you explain the connectivity between these two statements? Dependence on tourism and agriculture = Impo...

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by Westerwaelder
Sat May 30, 2020 3:30 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

The EU may be playing a dangerous game here. Germany is the EU's largest economy. While the possibility of it happening is VERY VERY remote, if Germany gets fed up (as the UK did) and packs their bags, the EU will be in a world of hurt. It also looks like the EU is playing against the labor groups,...

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by Westerwaelder
Fri May 29, 2020 6:34 pm
Forum: Civil Aviation
Topic: Updated: Austria's Lauda to close, be replaced with new Maltese unit
Replies: 187
Views: 23497

Re: Laudamotion closing its VIE base May 29th.

Nobody forces people to work for Ryanair. Companies have a social responsibility. And this kind of nonsense is what washes in the US. Where this leads we can all see: large parts of the population living in poverty, having no health insurance because they can't afford it, food stamps... I'm not say...

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by Westerwaelder
Fri May 29, 2020 10:55 am
Forum: Civil Aviation
Topic: Updated: Austria's Lauda to close, be replaced with new Maltese unit
Replies: 187
Views: 23497

Re: Laudamotion closing its VIE base May 29th.

peterinlisbon wrote:
Bad decision by the union. They should be grateful to have a job - if they sold enough scratchcards they might even make it over the poverty line.


No full time job should pay less than what's needed to stay above the poverty line. It's exploitation pure and simple.

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by Westerwaelder
Thu May 28, 2020 6:29 pm
Forum: Civil Aviation
Topic: British Airways network updates
Replies: 231
Views: 51062

Re: BA cancels LHR-CHS for rest of 2020

The problem is they now don’t have the aircraft fleet they had even six months ago. Also, high yield VFR and business travel has been damaged. Certainly BA will drive some traffic non-stop but to think all the Pre-COVID destinations are coming back short or even medium-term is a stretch. Of course ...

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by Westerwaelder
Thu May 28, 2020 4:04 pm
Forum: Civil Aviation
Topic: British Airways network updates
Replies: 231
Views: 51062

Re: BA cancels LHR-CHS for rest of 2020

To which (again) I'll inform you that that's only an assumption on your part... not a factual statement. You lack the numerical basis on which to claim that, specific to this (or really any) airline on a specific route. We simply do not know yet whether and to what extent they will implement their ...

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by Westerwaelder
Thu May 28, 2020 11:29 am
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: Updated: LATAM files for Bankruptcy

Kikko19 wrote:
What about Europe? does Latam has lot of traffic? who's winning the most with their demise? LH? IB? AF? AZ?


Latam isn't going anywhere fast

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by Westerwaelder
Thu May 28, 2020 11:26 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

FWIW, AF/KL is also in part owned by the French and Dutch governments, and for more than 'just' 20% too, btw. In fact, the Dutch government bought into the group only last year: what condititions did the EU attach to that purchase in 2018? None as far as I know? In The Netherlands, AMS is even arti...

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by Westerwaelder
Thu May 28, 2020 6:45 am
Forum: Civil Aviation
Topic: Updated: American Airlines Business & Finance Discussion
Replies: 354
Views: 65743

Re: FT: Investors bet AA will file for BK

Unfortunately it is inevitable if the industry will be smaller for the next few years. Simply don't require the numbers of staff to run the airline. Its interesting they note fleet will be about 100 frames smaller next summer. It says mostly widebodies. From my math the A330 fleet was 24, and recen...

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by Westerwaelder
Thu May 28, 2020 6:36 am
Forum: Civil Aviation
Topic: Rumor: DL to acquire 7 A350’s from QR
Replies: 96
Views: 24332

Re: Rumor: DL to acquire 7 A350’s from QR

This makes total sense. There is no way Delta has the political capital to contribute in any way to bailing out LATAM after taking US government assistance, although they really need to salvage some value out of their investment and try to move forward with a healthy partner once the recovery begin...

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by Westerwaelder
Thu May 28, 2020 6:28 am
Forum: Civil Aviation
Topic: Rumor: DL to acquire 7 A350’s from QR
Replies: 96
Views: 24332

Re: Rumor: DL to acquire 7 A350’s from QR

JAMBOJET wrote:
Are we really giving all this attention to a “rumor from a reliable source” with no link whatsoever?


Good point. So easy to get carried away..

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by Westerwaelder
Thu May 28, 2020 6:26 am
Forum: Civil Aviation
Topic: Rumor: DL to acquire 7 A350’s from QR
Replies: 96
Views: 24332

Re: ⁷: DL to acquire 7 A350’s from QR

I smell DL trying to bring QR into their fold. Would not bode well for OneWorld. Not impossible but bit of a tall order. QR out of oneworld is not unthinkable given past records but what would they get out of it? They have a great relationship with IAG which would at least be complicated by a close...

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by Westerwaelder
Thu May 28, 2020 6:19 am
Forum: Civil Aviation
Topic: British Airways network updates
Replies: 231
Views: 51062

Re: British Airways route updates

Hard to see DFW being dropped, as others had said hub to hub. Plenty of people will want to take BA on the LHR-DFW sector rather than AA; I know I have the last few times. I doubt they will let AA handle all the 3 or 4x daily flying, they should want at least one if for nothing other than 'prestige...

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by Westerwaelder
Thu May 28, 2020 6:15 am
Forum: Civil Aviation
Topic: British Airways network updates
Replies: 231
Views: 51062

Re: BA cancels LHR-CHS for rest of 2020

but it makes more sense to drive traffic through hubs now. To which (again) I'll inform you that that's only an assumption on your part... not a factual statement. You lack the numerical basis on which to claim that, specific to this (or really any) airline on a specific route. We simply do not kno...

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by Westerwaelder
Thu May 28, 2020 6:08 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

The EU should definitely attach strings to this enormous government support. Breaking up LH-group might be appropriate. LX and OS together and with their governments support can go their own way. That way LH and Germany get a very clear message that they aren’t exempt from EU regulations. Many peop...

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by Westerwaelder
Thu May 28, 2020 6:04 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

The EU should definitely attach strings to this enormous government support. Breaking up LH-group might be appropriate. LX and OS together and with their governments support can go their own way. That way LH and Germany get a very clear message that they aren’t exempt from EU regulations. Many peop...

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by Westerwaelder
Wed May 27, 2020 2:44 pm
Forum: Civil Aviation
Topic: Delta Pays $62m to Cancel purchase of 4 used A350s from LATAM
Replies: 105
Views: 19738

Re: Delta Pays $62m to Cancel A350 Purchase from LATAM

The other big shareholders are coming up with $900million and Delta owning nearly 20% stumps up $62? Delta really doesn't have a choice here. The conditions attached to government funding they took to sustain operations preclude them from making outside investments. I know they can"t do anythi...

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by Westerwaelder
Wed May 27, 2020 5:16 am
Forum: Civil Aviation
Topic: Delta Pays $62m to Cancel purchase of 4 used A350s from LATAM
Replies: 105
Views: 19738

Re: Delta Pays $62m to Cancel A350 Purchase from LATAM

Couldn't Latam-Delta find a better solution that cancellation? Could they simply transfer the order to other carriers (who needs the A350) or to the lessors? I think this is a legal way to essentially give LATAM more money to help save them. Delta pays $62M in cash and LATAM can sell / lease the pl...

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by Westerwaelder
Tue May 26, 2020 4:54 pm
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: Updated: LATAM files for Bankruptcy

Well this is sad. I can also see the Argentina, Paraguay, Ecuador and ultimately Colombia subsidiaries getting scrapped. And about all those preaching MIA feed by AA will be key when things re-open, Latin America - South Florida traffic is almost 100% O/D. Sure, a couple of connections to MSP and C...

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by Westerwaelder
Tue May 26, 2020 4:47 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

Will be interesting see if EU just rolls over and accepts the deal without requiring any subsidiary airlines to be divested and/or limits on airport traffic share. I remember the EU insisting on Lloyds in the UK selling off a subsidiary bank to increase competition. EDIt: x-post with post above. 10...

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by Westerwaelder
Tue May 26, 2020 3:52 pm
Forum: Civil Aviation
Topic: Delta Pays $62m to Cancel purchase of 4 used A350s from LATAM
Replies: 105
Views: 19738

Re: Delta Pays $62m to Cancel A350 Purchase from LATAM

To me, this sounds more like an insurance policy on the JV. With LATAMs Chpt 11 filing, by definition all creditors are not going to get paid their full amount owed. This “deal” basically tells the judge that Delta will provide $62m to offset some of the creditors losses as long as the JV deal with...

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by Westerwaelder
Tue May 26, 2020 3:47 pm
Forum: Civil Aviation
Topic: State aid to the aviation sector amounts to $ 123 billion
Replies: 4
Views: 509

Re: State aid to the aviation sector amounts to $ 123 billion

Sometimes it is useful to zoom out a bit. Governments worldwide have now pledged airlines worth 123 billion dollars (112 billion euros) in state aid, branch organization IATA reports Tuesday. North America has pledged $ 66 billion in aid and $ 30 billion in state aid in Europe. According to IATA, s...

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by Westerwaelder
Tue May 26, 2020 7:51 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

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 Westerwaelder
Tue May 26, 2020 7:48 am
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

Did the EU have any conditions or even comments on the support given to for example Iberia and AF-KLM? I wonder if there is a difference from an EU point of view between a loan and a government taking a stake. They don't look very favourably at state ownership of companies. Not saying it's right or...

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by Westerwaelder
Tue May 26, 2020 6:56 am
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: Updated: LATAM files for Bankruptcy

Read the official press release by LATAM. They mention and thank Qatar a million times in the press release and highlight how important Qatar's help is and will be to recover. Not a single mention of Delta. Exactly. Latam know where help is coming from. And it's not from Atlanta (for reasons we all...

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by Westerwaelder
Tue May 26, 2020 6:47 am
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: Updated: LATAM files for Bankruptcy

The Delta hate is real. QR couldn’t stop delta from connecting with LA they certainly won’t be pushing DL away. They will be a thorn but I’m sure QR/DL will learn to coexist. Yes they gain more from the bankruptcy loan but that doesn’t give them full ruling power. Plus the check hasn’t been written...

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by Westerwaelder
Tue May 26, 2020 6:34 am
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: Updated: LATAM files for Bankruptcy

The Delta hate is real. QR couldn’t stop delta from connecting with LA they certainly won’t be pushing DL away. They will be a thorn but I’m sure QR/DL will learn to coexist. Yes they gain more from the bankruptcy loan but that doesn’t give them full ruling power. Plus the check hasn’t been written...

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by Westerwaelder
Sun May 24, 2020 4:51 pm
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: LATAM moving towards bankruptcy

You see DL's major investments/partners go down one by one... LATAM, VA, VS. KE and AF/KL are also in trouble but less so. I will add that VS is in trouble because the English government won't provide relief because of the 49% investment by DL. VA entered voluntary administration and they're still ...

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by Westerwaelder
Sat May 23, 2020 4:43 pm
Forum: Civil Aviation
Topic: British Airways network updates
Replies: 231
Views: 51062

Re: BA cancels LHR-CHS for rest of 2020

Just don’t see it myself. We’ll have a recession like 2008 for sure but BA still flew the vast majority of their schedule. You’ll be surprised how quickly things will come back. I think, honestly that’s delusional. BA are cutting 12,000 staff. This isn’t like 2001 or 2008. BA won't cut 12,000 staff...

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by Westerwaelder
Sat May 23, 2020 12:07 pm
Forum: Civil Aviation
Topic: Updated: LATAM files for Bankruptcy
Replies: 299
Views: 60739

Re: LATAM moving towards bankruptcy

*I will add that VS is in trouble because the English government won't provide relief because of the 49% investment by DL.* Do you not realize that VS chose to base itself in a tax free haven and doesn't pay taxes in the UK ? So why should the British Gov't be responsible to assist them ? Let Sir R...

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by Westerwaelder
Fri May 22, 2020 1:22 pm
Forum: Civil Aviation
Topic: Updated: Austria's Lauda to close, be replaced with new Maltese unit
Replies: 187
Views: 23497

Re: Laudamotion closing its VIE base May 29th.

seahawk wrote:
a350lover wrote:
So what's left for the A320 and LAUDA within the Ryanair group? Just Palma?


Theoretically DUS.


And STR

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by Westerwaelder
Fri May 22, 2020 11:17 am
Forum: Civil Aviation
Topic: Updated: Austria's Lauda to close, be replaced with new Maltese unit
Replies: 187
Views: 23497

Re: Laudamotion closing its VIE base May 29th.

Smart move by the unions, now they have no income. It's crazy that they refused to accept this under such circumstances while working for a cutthroat business like Ryanair. Even Austrian Airlines pilots agreed to have their salaries slashed by 43% until 2022 or 2023 can't remember now. According to...

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by Westerwaelder
Wed May 20, 2020 2:54 pm
Forum: Civil Aviation
Topic: Updated: American Airlines Business & Finance Discussion
Replies: 354
Views: 65743

Re: FT: Investors bet AA will file for BK

‘All the excess cash will go to debt repayments’ Like they’d have a choice at that point I’ve been saying this for years though, the last few years have been incredibly good for the US major airline industry They had the opportunity to pay off most of their debt and build substantial cash reserves ...

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by Westerwaelder
Wed May 20, 2020 2:37 pm
Forum: Civil Aviation
Topic: Updated: Majority of LH Shareholders are Voting for Rescue Package
Replies: 502
Views: 62152

Re: Lufthansa: 10B EUR bailout - Update

That is their right to do so. There is no obligation to give LH what others got elsewhere? We are talking about loaning quite some bit of money. It's in the interest of the taxpayer to get some reward for the bailout. Asking for a €10 billion package with essentially no strings attached feels just ...

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by Westerwaelder
Mon May 18, 2020 3:54 pm
Forum: Civil Aviation
Topic: Updated: American Airlines Business & Finance Discussion
Replies: 354
Views: 65743

Re: FT: Investors bet AA will file for BK

I am of the mindset a Chapter 11 of AA would plunge UA and DL into a similar need to compete through reduced costs done by shedding unneeded assets as AA will do. This could trigger other prepackaged arrangements too. It will he hard for UA and DL to hold out. The wisdom of AA not going through ch1...

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by Westerwaelder
Sun May 17, 2020 2:28 pm
Forum: Civil Aviation
Topic: OAG Changes 5/17/2020: UNRAVELING; DL Leaves CAK/MHT/PHF/SWF/CZM w/No Resumption Planned
Replies: 138
Views: 15781

Re: OAG Changes 5/17/2020: UNRAVELING; DL Leaves CAK/MHT/PHF/SWF/CZM w/No Resumption Planned

IB schedule is quite remarkable. Cutting MAD for BCN on BOS and SFO. Is this to signal to Norwegian that they are determined to defend their turf? The chances that Norwegian will be back with these routes are very low. As such I doubt that Norwegian is the reason for these flights. DL AMS-ATL JUL 3...

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by Westerwaelder
Sun May 17, 2020 12:01 pm
Forum: Civil Aviation
Topic: OAG Changes 5/17/2020: UNRAVELING; DL Leaves CAK/MHT/PHF/SWF/CZM w/No Resumption Planned
Replies: 138
Views: 15781

Re: OAG Changes 5/17/2020: UNRAVELING; DL Leaves CAK/MHT/PHF/SWF/CZM w/No Resumption Planned

IB schedule is quite remarkable. Cutting MAD for BCN on BOS and SFO. Is this to signal to Norwegian that they are determined to defend their turf?

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