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WW "airlines to go bust"

   
Old Sep 18, 23, 7:33 am
  #1471  
 
Join Date: Dec 2013
Posts: 945
Only in Dutch for now - https://www.tijd.be/ondernemen/lucht.../10493393.html (or archived at https://archive.ph/gd2RE)
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Old Sep 18, 23, 7:35 am
  #1472  
 
Join Date: Nov 2022
Programs: British Airways Executive Club - Silver, Nectar, Tesco
Posts: 789
Originally Posted by BearX220
Source / link? I knew they were struggling but can search up nothing to support this.
Belgian newspapers and TV reporting it - links on twitter if you just search the name
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Old Sep 18, 23, 7:40 am
  #1473  
 
Join Date: Sep 2001
Location: midway between EDI and DND
Programs: BA Gold, AA Plat for Life, ex BD Gld (RIP)
Posts: 619
Originally Posted by BearX220
Source / link? I knew they were struggling but can search up nothing to support this.
There's quite an interesting article at https://www.aviation24.be/airlines/air-belgium/air-belgium-is-cancelling-all-scheduled-passenger-flights-to-focus-on-acmi-and-freight/ Possibly the relevant bit for the BA wet lease to ORD is "Cargo and ACMI (passenger and cargo - i.e. wetlease) activities will continue as a going concern through the duration of the proceedings and beyond, the aim being to be able to strengthen these two lines of business in the future." (My italics)
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Old Sep 18, 23, 7:51 am
  #1474  
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Join Date: Jul 1999
Location: ORD/MDW
Programs: BA/AA/AS/B6/WN/ UA/HH/MR and more like 'em but most felicitously & importantly MUCCI
Posts: 19,622
Originally Posted by superscot
Possibly the relevant bit for the BA wet lease to ORD is "Cargo and ACMI (passenger and cargo - i.e. wetlease) activities will continue..." (My italics)
Thank you everyone. The current BA/KF arrangement for ORD has another two months to run.
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Old Sep 18, 23, 7:56 am
  #1475  
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Join Date: Jul 2002
Programs: Mucci des Hommes Magiques et Magnifiques
Posts: 18,653
Always sad to read these reports.
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Old Sep 18, 23, 8:45 am
  #1476  
 
Join Date: Jun 2015
Location: LHR, LGW
Programs: BAEC
Posts: 3,182
Originally Posted by AAtticus
Air Belgium has asked the courts for insolvency protection against creditors.
They will stop / have stopped all scheduled passenger flights but want to continue with charter and cargo.
Doing a simple google search and under news, it seems this has been looming for some time, with talks about refinancing, avoiding bankruptcy etc back in 2022. Whilst sad for all employees should this play out that way, it looks like it's been on the cards for a while. The pandemic is probably still a healing wound for many businesses.
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