Search found 71 matches

by oldblueeyes
27 Jun 2020, 19:01
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

There is not so much need to talk to lessors. The fleet is shrinking thus old contracts won't be renewed. Amnd furthermore there will be enough A320family CEOs available owned by Lufthansa to replace current fleet there were the fleet is staying.
by oldblueeyes
22 Jun 2020, 19:36
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

No.. 8% EBIT is the money where a company can sustain its own investment program. Let's be fair .. as of today Brussels has no substance - the 333 are owned by Lufthans and upfront payments were made from them, the a320fam fleet is leased and all is second hand. If we look at the profitability the p...
by oldblueeyes
21 Jun 2020, 11:59
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Just to come back to reality: - Brussels was supposed to reduce its cost in the pre-Corona plan by 8% in total, in order to acheieve a sustainable financial position - even post Corona, an expected realistic scenario is to have around 2023 a market roughly at 80% of the level from 2019 As unpleasat ...
by oldblueeyes
19 Jun 2020, 22:21
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Once again: If and only If SN is going bust, what will happen with the slots??? I would not surprised LH let SN deliberately go bust. But they never wanna leave BRU behind because it would mean extra competition.(and that in these hard times, they can miss that as the pest) My gamble: they will try...
by oldblueeyes
19 Jun 2020, 14:41
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

There is a new big shareholder in the LH group whoowns now (pre-dillution 15% of the shares). And he is not happy with Austrian and Brussels, as they earn no money, so little value proposition with the Group. So, management would have to keep his wishes in mind as well. At the end of the day, both A...
by oldblueeyes
07 Jun 2020, 09:26
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Let's see the realities beside academia, where publishing in Journals and being oft named in followers research is more rated than real life practicability. The airline industry is consolidating on the long run. Regardless is some like it or not, there will be larger overall players and fewer hubs. ...
by oldblueeyes
03 Jun 2020, 13:23
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

If the Belgian state wants a seat on the board of Brussels Airlines and 25% of the shares +1 (in order to have a blocking minority), it must be a capital injection rather than a loan. You value the company at 3€ (probably even negative for the moment), raise the capital with 1€ and you get 25% of t...
by oldblueeyes
20 May 2020, 10:15
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

And? He grew by 20 Mil Pax or 70 planes / Q400 not counted. Should he have left the market to the competition? Yes, it takes some time to harmonize operstionally up to 5 AOC per Base but this crisis will Help to do it eben earlier - Q400 is out, the enheritated TUI contract is out etc You need also...
by oldblueeyes
19 May 2020, 07:05
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

And? He grew by 20 Mil Pax or 70 planes / Q400 not counted. Should he have left the market to the competition? Yes, it takes some time to harmonize operstionally up to 5 AOC per Base but this crisis will Help to do it eben earlier - Q400 is out, the enheritated TUI contract is out etc You need also ...
by oldblueeyes
18 May 2020, 23:20
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Eurowings is by far less mistakes and thought, if we look at it properly. Let's start with the typical design of low cost airlines - they work with new aircraft, take pilots from private schools paying their own expenses etc. The first brick in Eurowings in the "old" Germanwings. Well, it never made...
by oldblueeyes
18 May 2020, 18:45
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Such put/call clauses are usual if take overs are done in steps. Typically there is a valuation method agreed in advance ... something like operational profit multiplied with an industry typical multiplicator plus accumulated assets minus accumulated debt. It is the duty of the management to perform...
by oldblueeyes
18 May 2020, 15:50
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

You gave the answer in your question - it was not a full route, but a marginal point. And with dropped demand expected, the anticipated economics are not anymore given.
by oldblueeyes
18 May 2020, 11:20
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Wouldn't be simply better to have - firt of all - a consistent business model for the company? If you try to have a little bit of everything, you end up having nothing. Let's see the reality - the airline was in the last 20 yeas rather a regional airline, with the AVROs as backbone of the fleet and ...
by oldblueeyes
17 May 2020, 20:16
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

You don't understand the law and what it means. The upper limit to be considered is the upper limit for social insurance - Germany has gross value for unemployment, retirement, health insurances capped. The Payment is 69 or 67% or the net resulting from a typical net from these capped amounts. The G...
by oldblueeyes
17 May 2020, 17:31
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Flanker, why do you claim as comparison German net salaries if the law says gross?

If you have a politica Agenda stipulate it clearly, but the Argumentation should be at least supported by real and not "alternative" facts.

We're not Trumpish here.
by oldblueeyes
16 May 2020, 21:16
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

:ugeek: Let's hope these cuts will indeed result into growth again. They don't need growth (in turnover). They need more profit - as Christina Foerster explained before 'corona' started. It's all about the profits right? Can you explain then why LH are going around asking for money like beggars aft...
by oldblueeyes
16 May 2020, 13:07
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

On the other side it will create opportunities for other airlines like LOT, Vueling, Alitalia, Wizz and Ryanair to jump into those destinations which are left. Especially to East Europe Well, tge strategic Option is to let Eurowings Flyer them P2P with A320. If they can't fill more than twice weekl...
by oldblueeyes
16 May 2020, 10:41
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

Yeh a fleet of 5. With tails painted with LH, Austrian, Swiss and even an academy plane in Eurowings colors. But none in SN colors. See: SN is treated as being lesser... :roll: Again, perception vs reality... 2015 ( at that time Brussels Airlines was still a minority participation for the group), L...
by oldblueeyes
16 May 2020, 10:00
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

ACE, BLL, BRS, CHQ, CLY, PMO,CTA, FNC,FSC, HAJ, HRG, SNI, KGS, KRK, LED, LEI, RAK, RHO, SVO, SVQ, VLC, ZAD, ZAG and ZTH for the short/medium-haul CKY and OUA for the long-haul. Belgium Press says that SN could add more flights to LH Group hubs: "Brussels Airlines wants to reduce connections to the ...
by oldblueeyes
16 May 2020, 08:59
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1439
Views: 311597

Re: Brussels Airlines in 2020

There are 2 reasons: - costs - it is cheaper to let Brussels operate these flights - Austrian became the flights to MUC and FRA as well some years ago, including two additional aircraft - integration - if you align the company to the hubs, than you need more frequencies to catch situations like over...