Search found 847 matches

by Poiu
02 May 2020, 14:52
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

Passenger wrote: 02 May 2020, 13:19
sean1982 wrote: 02 May 2020, 11:17 Makes me a bit more confident our tax money wont be dumped in a bottomless pit.
Yep, I share that feeling with you.
Young Sean and Passenger sharing a feeling, who would have thought, strange times indeed!
by Poiu
02 May 2020, 11:57
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

The government is playing it hard with LH. They want a business plan for the period 2020-2025 with significant investments into SN and they want a vote on the board, or no money. Makes me a bit more confident our tax money wont be dumped in a bottomless pit For reference: Germany wants 25% of Lufth...
by Poiu
01 May 2020, 22:00
Forum: Latest aviation news
Topic: Impact of the coronavirus crisis on aviation
Replies: 835
Views: 186965

Re: Impact of the coronavirus crisis on aviation

sn26567 wrote: 01 May 2020, 20:57
EasyJet Switzerland should be able to cover its liquidity needs via its parent company, says the Swiss government which at the same time provided an important loan to Swiss and Edelweiss.

Very strange discrimination, if true!
Level playing fields anyone?
by Poiu
01 May 2020, 14:39
Forum: Latest aviation news
Topic: Ryanair (Holdings) in 2020
Replies: 95
Views: 34985

Re: Ryanair (Holdings) in 2020

You CAN ask for a refund from Brussels Airlines. I have been refunded by them for all my planned flights in March for instance. It will however take time So let’s stop the discussion then: please provide us with the way to ask for a refund from Brussels Airlines! The website says you can ask for a ...
by Poiu
01 May 2020, 12:56
Forum: Latest aviation news
Topic: Ryanair (Holdings) in 2020
Replies: 95
Views: 34985

Re: Ryanair (Holdings) in 2020

The CEO of Ryanair went on BBC this morning to defend his company against claims it holds on to the money of millions of its passengers who are waiting for reimbursement of their unusable tickets. He stated his company normally receives about 10,000 requests for refund (per month?), has doubled adm...
by Poiu
28 Apr 2020, 11:29
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

If we think like that, oh boy. Where did all our taxpayers money went to like for everything? Do you find that all our taxpayers money is always well spent? Is the total amount of taxpayers money ever spent less than 290 million? I can start a list with gazillion things where I think my taxpayers m...
by Poiu
28 Apr 2020, 10:58
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

initially the question is not what's good for Belgium, but what's good for Brussels Airlines to survive this crisis and I think the African ops have proven to be paramount in the survival of Brussels Airlines. Are they paramount? African ops are not viable without connecting passengers, SN has 3 A3...
by Poiu
28 Apr 2020, 09:52
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

A blocking minority in Brussels Airlines for €290m maybe, but in Lufthansa, he is delusional. Even if the price was right (and it is very far from), the German government would never allow it. They'd rather increase their own cash infusion by €290m to keep Belgium out A blocking minority for 290 mi...
by Poiu
20 Apr 2020, 23:50
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

as far as I can remember, sn brussels airlines was not in the red until the very unfortunate decision to merge with Virgin Express. SNBA was not profitable, state aid and the sale of LHR slots kept them around zero, but not really profitable. 2002: loss 35 million, 2003 profit 1 million, 2004 profi...
by Poiu
20 Apr 2020, 22:53
Forum: Latest aviation news
Topic: Impact of the coronavirus crisis on aviation
Replies: 835
Views: 186965

Re: Impact of the coronavirus crisis on aviation

The oil prices so deep in the negative figures is indeed incredible. Never seen that in my long life! Minus 37,63 $ per barrel at the closing in New York. Airlines should start to hedge at that price. It’s futures for May delivery at -37, you will have to pay a lot for storage which is the big prob...
by Poiu
18 Apr 2020, 15:12
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

nordikcam wrote: 18 Apr 2020, 14:55 In fact, but given the apparent results of Eurowings, can we say that this is flamboyant management?
Would you be so kind to clarify “apparent results” and “flamboyant management “ as I, and probably many others, have no idea what you are talking about?
by Poiu
18 Apr 2020, 15:07
Forum: Latest aviation news
Topic: Air Antwerp in 2020
Replies: 48
Views: 10927

Re: Air Antwerp in 2020

TLspotting wrote: 18 Apr 2020, 13:45
VLM had a route, 10 years ago I believe between BRU and LCY.
Yes indeed, and they discontinued it because of disappointing pax numbers.
by Poiu
18 Apr 2020, 10:21
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

If Belgium bails out SN, it will be through funds from the National Bank, so I think that this appointment is not a coincidence. Something must be brewing indeed, as the change was planned at the general meeting, planned in May, it’s a bit surprising it has been rushed through in the midst of an ex...
by Poiu
16 Apr 2020, 10:48
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

A bit like what Citybird was to Sabena, but directly owned. However, going with something like Birdy would be a royal mistake. Both setups were almost identical in fact: -Citybird damp-leased two MD11s to Sabena. (Sabena pilots seconded to Citybird and damp-leased back, Sabena cabin crew) -Birdy us...
by Poiu
10 Apr 2020, 15:28
Forum: Latest aviation news
Topic: Norwegian in 2020
Replies: 42
Views: 13308

Re: Norwegian in 2020

Bloomberg is not very optimistic about the future of Norwegian, unsustainable growth and past debt (sounds a bell?) are quoted as the biggest reasons why the Norwegian state may not bail them out. https://www.bloomberg.com/opinion/articles/2020-04-09/coronavirus-norwegian-air-shuttle-tries-a-despera...
by Poiu
10 Apr 2020, 14:43
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

Unfortunately the consolidated loss does matter as, it’s in the books: 90 million plus 40 for 2019. During the years you quote debt went up from 400 to 500 million and 125 million state aid was converted into junk shares The marginal profit was based on unsustainable growth. What sums this thread u...
by Poiu
10 Apr 2020, 11:42
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

One of Belgium’s leading economists, Geert Noels, is not impressed by the bailout, on Twitter he talks about throwing money away and LH conning the Belgian state a second time. Based on a non-informative article in de standaard? De beste stuurlui staan aan wal. Haters gonna hate, that sums up this ...
by Poiu
10 Apr 2020, 10:24
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

On another note. Davignon expects support from the state. Pre-liminary figure is 300 million EUR. LH is also at the table with the government. He is expecting to company to shrink 25-30% in order to survive. My personal opinion: after the hostile take over from LH, I hope de government makes a hard...
by Poiu
10 Apr 2020, 09:23
Forum: Latest aviation news
Topic: Brussels Airlines in 2020
Replies: 1626
Views: 387044

Re: Brussels Airlines in 2020

According several newspapers Mr D is confident that the Belgian state will bailout SN, although it will be a shrunk version.