The fall of the dominoes
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at 06:41 by cwoodward.
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capetonianmParticipantGermany’s future without Lufthansa German Airlines
Will Lufthansa go bankrupt next week?
Juergen T SteinmetzMay 16, 2020 06:31
Germany’s future without Lufthansa German AirlinesLufthansa is part of the success story of the Federal Republic of Germany, and an example to many airlines in the world. Lufthansa is truly global, but also truly German.
Without Lufthansa, world aviation may not be the same. Will Coronavirus be able to destroy this giant player in the airline industry?
Lufthansa German Airline and the Lufthansa Group may be preparing for bankruptcy. This was reported in the German magazine “Capital”I sincerely hope that sensationalist piece of journalism has no solid foundation.
17 May 2020
at 21:56
transtraxmanParticipantWill this airline really bite the dust?
“Thai Airways Is Planning To Start Bankruptcy Proceedings”, (Simple Flying 18-5-20)
“Bangkok considers placing Thai into bankruptcy protection”, (ch-aviation 18-5-20)
19 May 2020
at 21:53
transtraxmanParticipantThis justifies the international flight cancellations on the Civil Aviation Authority of Thailand¨s (CAAT) prohibition of incoming flights till 30 June……..
“Thai Airways extends international flight cancellations”, (Business Traveller, 19-5-20)
………which also denies that the Thai government will permit Thai Airlines to go bankrupt.
“Thai Airways rescued from brink of bankruptcy”, (Travel Weekly, 19-5-20)
https://www.travelweekly.co.uk/articles/371787/thai-airways-rescued-from-brink-of-bankruptcy
19 May 2020
at 21:53
cwoodwardParticipantThere was never any chance that the Thai government would let Thai Airways go bankrupt. The loss of face would have been unemaginable.
Hopefully this defacto restructuring will result in a better and less corrupt management.
A once great airline that has for the past decade (longer perhaps) be limping along under the stress of unqualified government interference a very poor management and a heavy burden of corruption.20 May 2020
at 09:00
AMcWhirterParticipantAs we suggested last month it was unlikely TG would be allowed to fail.
It’s a survivor like AZ.
20 May 2020
at 11:03
capetonianmParticipantA once great airline that has for the past decade (longer perhaps) be limping along under the stress of unqualified government interference a very poor management and a heavy burden of corruption.
I thought you were talking about SAA, but you didn’t mention outright theft!
5 users thanked author for this post.
20 May 2020
at 11:09
AMcWhirterParticipantAustrian Airlines (OS) could fail according to this report from Airliners.de [DE]
It says “Connfidence is slowly returning to Austrian Airlines that the airline will survive the corona crisis.”
OS needs state aid. It plans to restart limited operations on June 14.
However it seems almost impossible OS could fail given it’s part of the Lufthansa Group.
21 May 2020
at 13:24
capetonianmParticipantHowever it seems almost impossible OS could fail given it’s part of the Lufthansa Group.
I certainly hope it doesn’t, one of my very few preferred airlines.
Someone seems to think that LH group could fail – if the article I posted at #998899 has any substance. I’d never heard of E-Turbo News before, it came up on one of my news feeds. Does this publication, or its publisher Juergen T Steinmetz, have any credibility?
21 May 2020
at 13:51
AMcWhirterParticipantThere is lockdown in place for the Philippines. Little if any international travel right now.
It means that PAL’s future in uncertain.
It is losing $300 million a month (I assume it’s US$) although PAL has had “$600 million fresh capital approved by its shareholders last February.”
21 May 2020
at 15:14
travelworld2Participant“Someone seems to think that LH group could fail” Is that possible?
It depends what you mean by “fail”. Cease trading, go into liquidation and be forever removed from the skies, like Monarch? Not a chance. But to restructure via an insolvency process and be reorganised as a slimmer entity- yes, that is not impossible. Others may do too, most notably Virgin Atlantic.
21 May 2020
at 17:03
FaroFlyerParticipantTravelworld2, here is an article on the LH proposed bailout
Lufthansa Reaches Agreement With German Government Over 9 Billion Euro Bailout Deal
21 May 2020
at 18:32
capetonianmParticipantCoronavirus and debt push Hertz to file for bankruptcy protection
The heavily indebted 102-year-old car rental company has been unable to withstand the pandemichttps://www.telegraph.co.uk/news/2020/05/23/coronavirus-debt-push-hertz-file-bankruptcy-protection/
23 May 2020
at 07:47
AMcWhirterParticipantLufthansa bailout – government makes conditions.
The airline’s supervisory board was due to meet yesterday (Friday) but its meeting is now postponed until Monday.
23 May 2020
at 11:32
cwoodwardParticipantFiji Airways yesterday retrenched 50% of its employees -about 900. Flight crew and engineers were retained
In latter years this has become a strong small airline which is essential to the south pacific and particularly to the Fiji tourism industry which is worth about $2 billion and accounts for a third of the countries GNP.
It would be a devastating blow to the Fiji economy if it were to fall over. However there is some hope that Australia and or New Zealand will offer assistance.26 May 2020
at 08:50 -
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