[AMcWhirter]

Re: Cityjet which has filed for bankruptcy protection.

This piece [NL] from The Netherlands reveals that Citjet holds 75 per cent of the shares in Air Antwerp (which took over the Antwerp-LCY route).

https://www.luchtvaartnieuws.nl/nieuws/categorie/2/airlines/faillissementsbescherming-voor-cityjet

[transtraxman]

There was a proposal to merge CityJet and Air Nostrum (Iberia Regional)…..
“Air Nostrum and CityJet to create the largest pan-European regional airline group,” (17 July 2018, CityJet website)

https://www.cityjet.com/news/air-nostrum-and-cityjet/

…..but there is no corresponding news item on the Air Nostrum website. So what what happened to this idea of two years ago? That merger seemed a good idea at the time.

CityJet operates or operated “wet lease contracts with Air France, Brussels Airlines and SAS”. In 2018 “CityJet employs over 1,200 staff with crew bases in Amsterdam, Brussels, Copenhagen, Dublin, Helsinki, Paris, Stockholm, Tallinn and Vilnius.” As a result of its operations for Air France, I believe that AF bought a minority shareholding in CJ. This was later liquidated when the co-operation ended.

[nevereconomy]

Receiver seems to think Cityjet could get back on its feet in time, but how much time do any of these troubled airlines have ? I imagine we will see many disappear or lots of bargains snapped up by the (more) healthy.

[AMcWhirter]

Re: VA

Virgin Australia “goes into administration”

[transtraxman]

The news has already been published on the thread “Norwegian´s Tough Winter”. This is a different source giving more information.

“Thousands of Norwegian Air jobs threatened as subsidiary firms declare bankruptcy,” (Travel Weekly 20-4-20)

https://www.travelweekly.co.uk/articles/368357/thousands-of-norwegian-air-jobs-threatened-as-subsidiary-firms-declare-bankruptcy

The end cannot be far off.

[transtraxman]

“Will Virgin Australia Be Saved?” (Simple Flying 19-4-20)

Will Virgin Australia Be Saved?

“Virgin Australia Goes Into Administration”, (Simple Flying 20-4-20)

Virgin Australia Goes Into Administration

[AMcWhirter]

For now KQ “stays afloat” by becoming a cargo airline.

Kenya Airways becomes cargo airline “to stay afloat”

[transtraxman]

It looks like South African Airways is a step closer to closing down. The rug has been pulled from under its feet as the administrators have come to the conclusion that a rescue package is most improbable.
“South African Airways rescue ‘unlikely’ as 4,700 staff offered severance,” (Travel Weekly 19-4-20)

https://www.travelweekly.co.uk/articles/368280/south-african-airways-rescue-unlikely-as-4700-staff-offered-severance

This article lays it all out in more detail. It means that all SAA´s 4,708 employees will be laid off at the end of April.
“SAA set to proceed with layoffs as liquidation looms,” (ch-aviation 19-4-20)

https://www.ch-aviation.com/portal/news/89173-saa-set-to-proceed-with-layoffs-as-liquidation-looms

[canucklad]

[quote quote=996381]“SAA set to proceed with layoffs as liquidation looms,”[/quote]

Sad news for it’s employee’s , hopefully when all this dust settles, whatever rises from the ashes will be subject to much higher due diligence and less interference

And , I’m also keeping my fingers crossed for KQ, and at least they’re thinking out of the box with their change to cargo flights !

[openfly]

Yup looks like the end of SAA…owing billions of Rand/dollars to the SA government and other institutions. This could be manna from heaven to enable SAA to extricate itself from the poo, blaming CV. Just go bust.

But give it a couple of months and SAA 2020 will rise from the ashes with no liabilities and a clean sheet. A new beginning with new/old bosses set to line their pockets with ill-gotten gains….just like before. The birth of a new cash-cow SA national airline. They will re-employ the original employees on vastly reduced salaries. That’s Africa…..sadly.

[AMcWhirter]

Air Mauritius: now under voluntary administration.

So far I cannot provide a link but the latest news is that Air Mauritius has been placed under voluntary administration by this airline’s board.

[capetonianm]

Yup looks like the end of SAA…owing billions of Rand/dollars to the SA government and other institutions ………

…… SAA 2020 will rise from the ashes with no liabilities and a clean sheet. A new beginning with new/old bosses set to line their pockets with ill-gotten gains….just like before. The birth of a new cash-cow SA national airline. They will re-employ the original employees on vastly reduced salaries. That’s Africa…..sadly.

No, the money is owed to the taxpayer who coughed up for all this. And remember who most of the taxpayers are, demographically.
The new bosses will be from the same cesspit as before and will steal in the same way. And the employees who actually work, as opposed to sitting in offices doing nothing for the carrier, as you say, will be earning a pittance. More likely they won’t even be in offices, they will be in the Kruger park or on jollies to London with their families and friends.

[canucklad]

I wonder how many airlines might consider following in the ” State of Missouri” s footsteps ….

https://news.sky.com/story/coronavirus-china-calls-for-solidarity-as-missouri-sues-over-pandemic-11976850

Especially when you consider that the case for criminal negligence could be proven by simply watching today’s CNN live broadcast from Wuhan
As they get back to normal life .they inadvertently filmed crates of live creatures crammed into a basket for people to purchase !

And before any replies with the futility of the lawsuit, i’m aware that China can’t be sued due to UN Sovereignty rules

1 user thanked author for this post.

AMcWhirter

[AMcWhirter]

Unions at SAA have agreed to job cuts to “reposition” the carrier.

Unions at SAA agree to some level of job cuts in order to reposition the cash-strapped airline

[FaroFlyer]

Although I am not sure of the full relevance to the thread, Canucklad said

“Especially when you consider that the case for criminal negligence could be proven by simply watching today’s CNN live broadcast from Wuhan
As they get back to normal life .they inadvertently filmed crates of live creatures crammed into a basket for people to purchase !”

It is easy to be emotional, but buying live “creatures” is not exclusive to China. Lobsters, anyone?

Yes, I agree that COVID-19 originated in China,in Wuhan, and yes, there was a delay before the seriousness of the virus was appreciated. However, as soon as it was realised, and reported to WHO, there was a total lock-down in Wuhan, and also in Hubei Province in which Wuhan is located. I was in Wuhan in mid January, and also elsewhere in Hubei Province. Hubei population, at 65 million, is similar to the UK.The lock down was a real lock-down with nobody allowed to leave their homes. Food was delivered, not as in ordering on line, but delivered by the Town, as in “You are locked in. This is your food”

The elected leaders of the 2 major English speaking economies failed to take the threat seriously, as did most of Europe. One of the elected leaders contracted COVID-19 and is still not facing the camera, the other is blaming anybody that he can. After all, politicians just want to be in power. It is the elected leaders in Europe who have been negligent in burying their heads in the sand. They are the ones who are negligent, not the original source.

1 user thanked author for this post.

transtraxman

[Author]

Posts