Montenegro airlines now halted.
Another airline collapses due to COVID-19's impact
Montenegro Airlines ceased its operations on Saturday after the small country's new government refused to continue financing the indebted national carrier.www.traveller.com.au
Small Balkan country of about 630K and on the back of a recent election win for a conservative party.
Have flown them once about 10 years ago.
Little bit of trivia - not the first airline to bear its IATA code -YM - to go under. In fact one airline that had that code went under twice.
AIRwin
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Japan's ANA on 'wartime' footing to implement COVID reforms
Management decisiveness and fresh thinking by young employees ease crisis impact
asia.nikkei.com
kelvedon
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That won’t help the proposed Qantas JAL alliance. How will the ACCC viewJapan's ANA on 'wartime' footing to implement COVID reforms
Management decisiveness and fresh thinking by young employees ease crisis impact
this ?
AIRwin
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Malaysia fate will soon be known
Malaysia Airlines boss says may have to shut down if restructuring plan fails - report
Malaysia Airlines may have to fold if its lessors decide not to back its latest restructuring plan, the airlines' group chief executive was quoted as saying in a report on Saturday.in.reuters.com
Malaysia Airlines' debt restructuring nears completion - parent company
The parent company of Malaysia Airlines said on Thursday it was nearing the end of a debt restructuring process which it hopes will be completed by the end of the first quarter of this year.
www.reuters.com
AIRwin
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AirAsiaX with massive debt restructuring proposal
AirAsia Long-Haul Arm Pitches Dramatic Overhaul to Survive
AirAsia Group Bhd.’s long-haul arm proposed a sweeping restructuring plan that would wipe out almost 63.5 billion ringgit ($15.3 billion) in debt and save the Malaysian carrier from being dragged under by aviation’s worst-ever crisis.www.bloomberg.com
Looks like a massive haircut
AirAsia X shows court creditors’ support for revamp plan
KUALA LUMPUR: Most of AirAsia X Bhd’s (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganisation, court documents filed this month show.
moa999
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More on AAX
www.flightglobal.com
AirAsia X restructuring places creditors in a bind
AirAsia X's debt restructuring negotiations highlight the dilemma creditors face when deciding whether to stand by a struggling airline during the Covid-19 pandemic.
www.flightglobal.com
ethernet
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Fold is an emotional word. I like 80/20 rule, when you run at 20% capacity or your business is chapter 11'ed. But in the US Chapter 11 is situation normal.
SWOT Analysis required.
Plus: Interest rates at an all time low.
Plus: Those making no profits have higher share valuations.
Neg: Fancy leaseback finance schemes a disaster for those remaining in business.
Neg: Premium classes make plane routes profitable. Teleconferences, quarantine lockup risks, and perks downgrades means less big payers. Dr's exempt.
Neg: Wage rise stagnation in the cattle classes
Neg: Travel Insurance - I believe is now worthless for those who plan ahead.
Plus: Huge pent up demand/backlog for stranded pax.
Neg: International paperwork and tests = less impulse buying
Plus: I own no airline shares.
Opportunity: Govts will back dead horses, when the rich scream overgeared luxury segments die when the liquidations begin.
Threat: Banks want their loans paid and serviced.
Opportunity: Airlines introduce demand scheduling
Opportunity: Best to let the airline fold, govt and taxpayers absorb the socialised loss, then phoenix when things pick up.
Opportunity: Helicopter money, free money, irresponsible credit
Threat: If .au does not recognize less well known foreign covid shots, QF's share of pax will be in the toilet. Bye bye foreign education sector.
Threat: Foreign debt insurance. So far the fools are going along with MMT.
Opportunity: Travel Bubble. No, I am not convinced. First accidental leak, and they will can it within 24 hours, creating distrust.
Threat: Unlike the EU, Australia does not have airline ticketing laws that prevent pax from being stranded/left in the lurch. Another reason not to fly.
Threat: Overseas airlines, especially ones that have phoenixed.
Threat: Knee-jerk announcements from CMO's , irrational risk plans, secret agendas, groupthink
I think more airlines will go, new ones will spring up on rip-off routes, and overall air travel remain in a slump until the three C's. Certainty, Credit, Consistency come back.
SWOT Analysis required.
Plus: Interest rates at an all time low.
Plus: Those making no profits have higher share valuations.
Neg: Fancy leaseback finance schemes a disaster for those remaining in business.
Neg: Premium classes make plane routes profitable. Teleconferences, quarantine lockup risks, and perks downgrades means less big payers. Dr's exempt.
Neg: Wage rise stagnation in the cattle classes
Neg: Travel Insurance - I believe is now worthless for those who plan ahead.
Plus: Huge pent up demand/backlog for stranded pax.
Neg: International paperwork and tests = less impulse buying
Plus: I own no airline shares.
Opportunity: Govts will back dead horses, when the rich scream overgeared luxury segments die when the liquidations begin.
Threat: Banks want their loans paid and serviced.
Opportunity: Airlines introduce demand scheduling
Opportunity: Best to let the airline fold, govt and taxpayers absorb the socialised loss, then phoenix when things pick up.
Opportunity: Helicopter money, free money, irresponsible credit
Threat: If .au does not recognize less well known foreign covid shots, QF's share of pax will be in the toilet. Bye bye foreign education sector.
Threat: Foreign debt insurance. So far the fools are going along with MMT.
Opportunity: Travel Bubble. No, I am not convinced. First accidental leak, and they will can it within 24 hours, creating distrust.
Threat: Unlike the EU, Australia does not have airline ticketing laws that prevent pax from being stranded/left in the lurch. Another reason not to fly.
Threat: Overseas airlines, especially ones that have phoenixed.
Threat: Knee-jerk announcements from CMO's , irrational risk plans, secret agendas, groupthink
I think more airlines will go, new ones will spring up on rip-off routes, and overall air travel remain in a slump until the three C's. Certainty, Credit, Consistency come back.
oz_mark
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I guess the airlines will spin out, but HNA Group has commenced bankruptcy proceedings
www.scmp.com
(Hainan Airlines, Hong Kong Airlines, Beijing Capital, and others.)
HNA Group enters bankruptcy restructuring as it buckles under debt
HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.
www.scmp.com
(Hainan Airlines, Hong Kong Airlines, Beijing Capital, and others.)
Major
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Silk Air has finally been absorbed by SIA.
oz_mark
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There go my 592 Reward$ miles :-(
Get paid up to 25% in real cash from your everyday purchases from leading companies such as Virgin Australia, Booking.com, Coles, Apple, Microsoft and much more. Free to join and no catches!
AFF Supporters can remove this and all advertisements
jakeseven7
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I guess the airlines will spin out, but HNA Group has commenced bankruptcy proceedings
HNA Group enters bankruptcy restructuring as it buckles under debt
HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.
(Hainan Airlines, Hong Kong Airlines, Beijing Capital, and others.)
Remember when they were the saviour of the old VA1 airline?! Wow how things change.
oz_mark
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If nothing else, I appreciated their investment in my travelling comfort!
(I still don't know how JB convinced them it was a good idea)
jakeseven7
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JB sold a lot of people a lemon with VA1 he certainly had a silver tongue that’s for sure!
drron
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Not an air line but no more Lear jets.
sg.finance.yahoo.com
Bombardier to lay off 1,600, halt Learjet production
The layoffs include 800 people in Canada, mostly in Quebec, and 250 in Wichita where Learjet is made, Martel later told reporters. Bombardier, which had previously planned to break even on free cash flow in 2020, now expects to turn cash flow-positive between 2021 and 2023. Bombardier has shed...