WW "airlines to go bust"
Oct 19, 2018, 1:05 pm
#211
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Im fairly certain, that the flyBE slots are part of the BA pool, but if an airline uses them for three continous years, they then fall into the ownership of the airline/s who use them.
Oct 20, 2018, 5:01 pm
#213
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Oct 20, 2018, 5:52 pm
#214
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Oct 21, 2018, 1:53 am
#215
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no - for sure I am not. See posts 3 and 4 here: https://www.pprune.org/terms-endearm...privatair.html
Oct 22, 2018, 4:14 am
#216
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Meanwhile, the other Irishman's opinions
https://www.theguardian.com/business...ichael-o-leary
Micheal O'Leary talking about how other airlines have it worse than his:
Micheal O'Leary talking about how other airlines have it worse than his:
The Ryanair chief executive, Michael O’Leary, said he expected more airlines to go bust as the budget carrier posted a 7% drop in profits because of rising fuel prices and strikes hitting costs and bookings.
O’Leary predicted a grim winter for the aviation industry, with oil prices, interest rates and the US dollar rising and fares falling.
He said Ryanair was better hedged than most rivals against the rise in oil prices, adding: “It is inevitable that more of the weaker, unhedged, European airlines will fold this winter.”
O’Leary predicted a grim winter for the aviation industry, with oil prices, interest rates and the US dollar rising and fares falling.
He said Ryanair was better hedged than most rivals against the rise in oil prices, adding: “It is inevitable that more of the weaker, unhedged, European airlines will fold this winter.”
Oct 22, 2018, 9:34 am
#217
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A quote from our very own Raffles at HfP today...
“The unfortunate truth is that you should be wary about booking with ‘secondary’ carriers at the moment. Whilst you money is protected as long as you pay with a credit card, you will still be out of pocket since the cost of buying replacement tickets on another carrier at short notice is unlikely to be cheap. Even established carriers such as Flybe are looking very weak, and Norwegian could still go over the edge.”
“The unfortunate truth is that you should be wary about booking with ‘secondary’ carriers at the moment. Whilst you money is protected as long as you pay with a credit card, you will still be out of pocket since the cost of buying replacement tickets on another carrier at short notice is unlikely to be cheap. Even established carriers such as Flybe are looking very weak, and Norwegian could still go over the edge.”
Oct 22, 2018, 10:02 am
#218
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no - for sure I am not. See posts 3 and 4 here: https://www.pprune.org/terms-endearm...privatair.html
Oct 22, 2018, 1:42 pm
#219
Join Date: Jul 2014
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I saw that as well. I got hits from a Swiss/German business site saying the airline was bust and then a later dated press release from Lufty re the India route. Surely Fritz hasn’t been sleeping on the job?
Oct 22, 2018, 4:03 pm
#220
Ambassador: Emirates Airlines
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I can only find one site that says they are in liquidation. With another few site quoting that. I'd be inclined to trust LH for now.
Oct 22, 2018, 4:06 pm
#221
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Actually, Privatair is the latest in a fairly short list of Swiss airlines to disappear, starting with Darwin Airline and running through SkyWork in Berne to Privatair which is based in Geneva. There's nothing left in Swiss aviation now, as SWISS belongs to Lufthansa and Helvetic Airways and Edelweiss Air belong to SWISS, which in turn belongs to Lufthansa. A real shame, but the country is too small to support loads of airlines.
Oct 22, 2018, 7:22 pm
#222
Join Date: May 2011
Posts: 2,378
A quote from our very own Raffles at HfP today...
“The unfortunate truth is that you should be wary about booking with ‘secondary’ carriers at the moment. Whilst you money is protected as long as you pay with a credit card, you will still be out of pocket since the cost of buying replacement tickets on another carrier at short notice is unlikely to be cheap. Even established carriers such as Flybe are looking very weak, and Norwegian could still go over the edge.”
“The unfortunate truth is that you should be wary about booking with ‘secondary’ carriers at the moment. Whilst you money is protected as long as you pay with a credit card, you will still be out of pocket since the cost of buying replacement tickets on another carrier at short notice is unlikely to be cheap. Even established carriers such as Flybe are looking very weak, and Norwegian could still go over the edge.”
I've seen other people mention this and just dismissed it as it seemed unlikely, but the more I research it the more it seems like thats the case.
Nov 5, 2018, 5:12 am
#223
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Nov 5, 2018, 2:20 pm
#224
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Skift has some background: https://skift.com/2018/11/05/iceland...rival-wow-air/
This looks like a marriage of convenience for the carriers. Both are struggling, as is the wider Icelandic tourism industry. We’ll have to wait and see whether one is better than two.
...
The deal is still subject to Icelandair shareholder approval and due diligence. It must also get sign off from Icelandic competition regulators.
...
Consolidation within the Icelandic aviation sector comes during a difficult time for the wider tourism industry.
Travelers had flocked to the country in the wake of the 2008 financial crisis but the industry is cooling.
Icelandair and Wow Air have also had their own problems. Icelandair’s CEO Björgólfur Jóhannsson resigned in August after the carrier slashed its profit outlook and it is still looking for a permanent successor.
Wow Air, meanwhile, was reportedly on target to make a financial loss in its current financial year.
...
The deal is still subject to Icelandair shareholder approval and due diligence. It must also get sign off from Icelandic competition regulators.
...
Consolidation within the Icelandic aviation sector comes during a difficult time for the wider tourism industry.
Travelers had flocked to the country in the wake of the 2008 financial crisis but the industry is cooling.
Icelandair and Wow Air have also had their own problems. Icelandair’s CEO Björgólfur Jóhannsson resigned in August after the carrier slashed its profit outlook and it is still looking for a permanent successor.
Wow Air, meanwhile, was reportedly on target to make a financial loss in its current financial year.
Nov 5, 2018, 3:59 pm
#225
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