Which Airlines may be next to Fold?

[ozfflyer]

thomas cook gone

jet airways india gone

cobalt gone

numerous otheer EU operators gone

JQ NZ domestic goning

Condor next ?

Norwegian ?

 

[jakeseven7]

Massive redundancies looming at American



American Airlines to cut 19,000 jobs when federal aid expires in October

https://www.cnbc.com/2020/08/25/american-airlines-is-cutting-19000-jobs-when-federal-aid-expires-in-october.html

 

[drron]

Norwegian's exit seems to be gathering speed.

Norwegian Air About To Run Out Of Money (Again)

Despite recent government aid, Norwegian Air will run out of money within months, and is now looking for new investors.

onemileatatime.com

Delta having some problems.

Delta On Hook For $300M In Loans Made To Gol

Delta may have to repay $300M in loans made to its previous Brazilian partner Gol.

loyaltylobby.com

But Doug Parker doing just fine.

Fascinating: Doug Parker's Compensation, Stock Sales

Here's a look at the roughly $250 million in compensation that American Airlines' CEO has received in the past several years.

onemileatatime.com

 

[AIRwin]

'Survival Team' set up for Thai Airways

A so-called "Survival Team" has been formed to work out a business plan for Thai Airways International (THAI) to support the debt rehabilitation of the carrier, according to a source at the airline.

www.bangkokpost.com

Mismanagement, graft sank THAI, says panel

Mismanagement linked to dozens of executives and corruption have led to the downfall of Thai Airways International Plc, according to the deputy transport minister.

www.bangkokpost.com

 

[drron]

A setback for Avianca as court rules out Government loan.

Court Blocks Colombia's $370 Million Loan To Avianca

The Colombian government was supposed to give Avianca a $370 million loan, but that has now been blocked by a court. Here's why.

onemileatatime.com

 

[p--and--t]

Not an airline, but just as sad for the staff and travellers.

Due to the continual lockdown of our external borders and no indication of when they might reopen, Gate1Travel AU&NZ is shutting up shop permanently, all deposits being refunded and all staff now out of a job.

All tours worldwide for the parent company in the US have been cancelled through March 2021.

A sad day for all those involved.

 

[jakeseven7]

Airline related - DNATA fires 1000 Australians. Seems like the oil money from Emirates dried up


DNATA TO MAKE 1,000 EMPLOYEES REDUNDANT



Dnata is set to make around 1,000 workers redundant, Australian Aviation can reveal.

The business has yet to publicly confirm numbers but said in a statement on Monday afternoon the job losses would, “where possible”, come through a combination of voluntary redundancy and flexible working.

However, a memo sent to staff obtained by Australian Aviation reveals the numbers will be “in the order of 1,000 roles from our workforce”.

Dnata has been unable to claim JobKeeper – which provides struggling Australian businesses with $1,500 per employee, per fortnight – because it’s owned by a “sovereign entity”. Dnata is controlled by the Emirates Group, which is in turn run by the state government of Dubai.

Dnata to make 1,000 employees redundant

The TWU has claimed dnata is set to make 1,000 workers redundant – many of whom have been unable to claim JobKeeper because the catering company is ineligible.

australianaviation.com.au

 

[drron]

Lufthansa has announced further fleet reductions with all A380 and A340-600 planes to be retired and only reactivated if there is an unexpected rise in demand.

Official: Lufthansa Retiring Entire A380 & A340-600 Fleet... Probably

Lufthansa will retire its entire A380 and A340-600 fleet, and will only reactive it "in the event of an unexpectedly rapid market recovery."

onemileatatime.com

Not folding but Fiji airways are returning planes whose lease is up so flew a B737 from NAN-UK.

Fiji Airways 737's Epic Journey To Europe

The lease ended on a Fiji Airways Boeing 737. Here's how the plane flew all the way from Nadi, Fiji, to Teesside, United Kingdom.

onemileatatime.com

 

[AIRwin]

Qatar Air Gets $2 Billion State Aid to Weather Virus Crisis

 

[MEL_Traveller]

Qatar Air Gets $2 Billion State Aid to Weather Virus Crisis

QR's results, a $1.9 billion loss, were to March 31 2020. Will be interesting to see how the pandemic proper affects their profits. They have done a great job keeping air corridors open around the world.

 

[AIRwin]

Bloomberg - Are you a robot?

 

[moa999]

Air Asia Japan set to close

AirAsia to Shut Down Its Japanese Operations, Nikkei Reports

Leaves Peach (ANA) and Jetstar Japan (JAL, Qantas, Mitsubishi) as domestic LCC and JALs Zip Air.

 

[AIRwin]

Ethiopian Airlines Limits South African Offer to Pilots, Planes

 

[AIRwin]

Malaysia Airlines parent company says group is running out of cash

SINGAPORE (REUTERS) - Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah. Read more at straitstimes.com.

www.straitstimes.com

 

[moa999]

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

 

[AIRwin]

Malaysia Airlines parent company says group is running out of cash

SINGAPORE (REUTERS) - Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah. Read more at straitstimes.com.

www.straitstimes.com

Khazanah may stop funding parent of Malaysia Airlines

The parent of Malaysia Airlines has warned leasing firms that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters. Read more at straitstimes.com.

www.straitstimes.com

 

[AIRwin]

Malaysia's sovereign fund Khazanah says Firefly could become new national airline: Report

KUALA LUMPUR (REUTERS) -Malaysia's Khazanah Nasional has the option to channel funds to low-cost carrier Firefly which could become the country's national airline if Malaysia Airlines (MAS) was shut down, the head of the sovereign wealth fund was quoted as saying on Wednesday (Oct 14). Read more...

www.straitstimes.com

 

[oz_mark]

Malaysia fate will soon be known

Reuters | Breaking International News & Views

Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.

in.reuters.com

Air Asia X liquidating its Indonesian ops

AirAsia X to liquidate Indonesia operations amidst pandemic | New Straits Times

AIRASIA X is liquidating its Indonesian arm in a bid to survive the virus pandemic that has left the low-cost airline’s planes grounded since late March.

www.nst.com.my

 

[oz_mark]

Talk that the Cathay Dragon brand is to be retired

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: SCMP

Hong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post reported on Tuesday, citing sources.

www.reuters.com

 

[MEL_Traveller]

Talk that the Cathay Dragon brand is to be retired

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: SCMP

Hong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post reported on Tuesday, citing sources.

www.reuters.com

Oh Now that is an airline I will be sad to see go. Lot's of fond memories of Dragonair.

 

[AIRwin]

Oh Now that is an airline I will be sad to see go. Lot's of fond memories of Dragonair.

Tigerair and now Dragonair - Crouching Tiger Hidden Dragon...