WW "airlines to go bust"
#1396
Join Date: Sep 2012
Location: Surrey, UK
Posts: 514
It's really quite a sensible (and normal) thing to do right now, easy way to get cash through the door. In reality, it looks like these are 2 new dreamliners, so it means that VS doesn't have to find the cash to pay the final delivery payments plus will get some money as they will have paid pre-delivery payments leading up to receiving the aircraft.
#1397
Join Date: Dec 2004
Programs: BA GGL, A3*G, Mucci de l'expertise des Apps
Posts: 3,386
Following the Irish part of Norwegian going into "examinership" a few weeks ago, they are now putting the main Norwegian part into bankruptcy protection in Norway:
https://www.thelocal.dk/20201208/nor...tion-in-norway
https://www.thelocal.dk/20201208/nor...tion-in-norway
#1398
Join Date: Dec 2012
Location: MAN, PSP
Programs: BAEC
Posts: 221
Looks like a sad end of the road for Norwegian - at least for long-haul
https://www.msn.com/en-gb/lifestyle/...rk/ar-BB1cK7SJ
"The Oslo-based airline is to abandon its transatlantic and Asian network of long-haul flights – many of them based at the Sussex airport.
"Around 1,100 UK crew will be made redundant, along with a similar number in France, Italy, Spain and the US."
https://www.msn.com/en-gb/lifestyle/...rk/ar-BB1cK7SJ
"The Oslo-based airline is to abandon its transatlantic and Asian network of long-haul flights – many of them based at the Sussex airport.
"Around 1,100 UK crew will be made redundant, along with a similar number in France, Italy, Spain and the US."
#1399
Join Date: Feb 2018
Programs: Mucci, BAEC Silver, IHG Platinum Elite
Posts: 1,068
Looks like a sad end of the road for Norwegian - at least for long-haul
https://www.msn.com/en-gb/lifestyle/...rk/ar-BB1cK7SJ
"The Oslo-based airline is to abandon its transatlantic and Asian network of long-haul flights – many of them based at the Sussex airport.
"Around 1,100 UK crew will be made redundant, along with a similar number in France, Italy, Spain and the US."
https://www.msn.com/en-gb/lifestyle/...rk/ar-BB1cK7SJ
"The Oslo-based airline is to abandon its transatlantic and Asian network of long-haul flights – many of them based at the Sussex airport.
"Around 1,100 UK crew will be made redundant, along with a similar number in France, Italy, Spain and the US."
#1401
Join Date: Apr 2012
Location: LON
Programs: Mucci, BAEC, Eurostar
Posts: 3,511
According to London Air Travel, there are 37 787s to be rehomed. They also note that it might be a blow to BA's joint business on transatlantic flights, since it's still under review by the CMA.
#1403
Join Date: Jul 2019
Location: UK
Programs: BA Silver
Posts: 992
Not really a surprise, unfortunately - they've had some number of escapes and the luck was always going to run out.
Bad news for consumers as that's a competitor gone (granted their pricing was not sustainable) and bad news for Gatwick as well. Hopefully the short haul can make it through.
Bad news for consumers as that's a competitor gone (granted their pricing was not sustainable) and bad news for Gatwick as well. Hopefully the short haul can make it through.
#1408
Join Date: Apr 2012
Location: LON
Programs: Mucci, BAEC, Eurostar
Posts: 3,511
#1409
Join Date: May 2007
Programs: BA Blue, EI Silver, Honours Gold, Marriott Gold
Posts: 1,228
The fate of these 787s will be interesting, Im sure they wont be scrapped but might hasten the scrapping of 767s and even early A330s and 777s as most airlines have more than enough 787s and A350s on order and little demand to fill the aircraft they have got. I wonder if an airline like Jet2 might see an opportunity to introduce modern, high capacity jets at a good price - possibly even power by the hour. They could offer increased capacity on some European routes and launch the likes of Orlando, which would fit their model well. Im not sure many other long-haul destinations would though. I could see them having use for 6-12 for that kind of work. There are plenty of A330s around too, which they have leased-in previously.
#1410
Join Date: Aug 2003
Location: London, UK
Programs: bmi DC, BAEC
Posts: 1,292
I think the competitive landscape will be so utterly changed by COVID-19 that the CMA will have little to do except sit back. Their main tool seems to be making slots available on a remedy basis. Slots will be plentiful at most, if not all major airports in the coming years - unless IAG commits to burning money at LHR.
I think it was an EU-US route, but I can't remember which one. It seemed like a good way of avoiding pice gouging by the airlines involved.