Impact of the coronavirus crisis on aviation

Join this forum to discuss the latest news that happened in the world of commercial aviation.

Moderator: Latest news team

Post Reply
User avatar
Conti764
Posts: 1777
Joined: 21 Sep 2007, 23:21

Re: Impact of the coronavirus crisis on aviation

Post by Conti764 »

Passenger wrote: 28 Apr 2020, 00:20
sn26567 wrote: 28 Apr 2020, 00:06 US President Donald Trump suggested that the government should try to buy four to five years’ worth of plane tickets in advance at a discount to inject struggling US airlines with money. (Note: this is a better idea than injecting bleach in the body to fight coronavirus :mrgreen: )
Fact Check: Trump did NOT urge people to inject disinfectants to thwart coronavirus hoax alert.
https://leadstories.com/hoax-alert/2020 ... virus.html
No, indeed he didn't. But the question asked:
And then I see the disinfectant, where it knocks it out in a minute. One minute. And is there a way we can do something like that, by injection inside?
is already beyond dumb when DHS Under Secretary for Science and Technology William Bryan explicitly mentioned that bleach and isopropyl alcohol kill the virus in 5 minutes and 30 seconds respectively. So, no Donald, there is no way you can inject bleach or isopropyl alcohol into a human body.

But hey, the Trumpster Army around the world is yet again downplaying another stupidity of their Hero.

flightlover
Posts: 663
Joined: 12 Aug 2008, 08:26

Re: Impact of the coronavirus crisis on aviation

Post by flightlover »

737MAX wrote: 28 Apr 2020, 07:36
Conti764 wrote: 28 Apr 2020, 00:30
But hey, the Trumpster Army around the world is yet again downplaying another stupidity of their Hero.
Yup. I still cannot understand how it is possible, but...
It would have been a solution if his believers would have tried it themselves.

TLspotting
Posts: 2439
Joined: 19 Mar 2017, 10:22
Location: Uccle/Ukkel, BE
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by TLspotting »

LOT flew 10 tons of medical stuff from Taiwan to Poland.

2 AF weekly flights from 11 May from Paris CDG to Bordeaux, Brest and Montpellier.
4 SIA A380 flew to Alice Springs for storage.
Eastern Airways would like to resume ops on 26 May.

Egyptair flew from Brisbane to Cairo, to repatriate passengers.
LOT in talks for 787F converted.

Argentina suspends international flights until September.

D-AIHD (A346) and D-AIMD (A388) ferried to Teruel.
F-HPJE left Paris to Tarbes.
Turkish Airlines suspends all flights until 28 May.
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Daily review:

Air Nostrum closes without an agreement the negotiation of the second ERTE due to coronavirus. The airline proposed a new temporary adjustment for its 1,439 workers until the end of the year, although it agreed to reduce it to September 2020.

Air Tahiti Nui, Air Tahiti and Air Caledonie issued a statement, jointly seeking just over €1 billion in state support.

ANA Holdings
said it would not release an earnings forecast for the full year amid the pandemic that has caused an unprecedented slump in air travel and could further stagnate the global economy.

Austrian Airlines announces the conversion of the first of two B777 started at Austrian Technik in Vienna. The removal of 270 of the 306 passenger seats from all travel classes has started.

Avianca Holdings asked the government for financing for the airline as it sees no other alternative to face the crisis. The carrier is willing to repay a loan, if needed.

Bangkok Airwayswill resume domestic flight operations from 15 May 2020 onwards.

Boeing will resume B787 operations at Boeing South Carolina, with most teammates returning on 03-04 May 2020. The return includes all operations that were temporarily suspended on 08 April 2020.

Boliviana de Aviacion
reported a loss of about US$30 million, a debt that is compounded by the leases that must be paid from 14 aircraft that are not operating.

Copa Airlines
said it may not have enough liquidity to survive the coronavirus crisis despite cutting costs. Under a conservative estimate it could burn through almost 70% of its available cash by 2020 end.

IATA called on regulators to take urgent action to help civil aviation operate seamlessly and safely between states during the pandemic, as well as to help facilitate the restart when the virus is contained.

LOT is in talks with Boeing) to modify its B787 jets into temporary cargo carrier, in a move that could help to narrow losses from the crisis.

NokScoot has extended his flight suspension to 31 May 2020.

Porter Airlines will be extending its flight suspension by another four weeks to 01 June 2020 due to the ongoing pandemic.

Singapore Airlines has parked four of its A380s and three B777-200ERs at Alice Springs in Australia for storage, adding to two A320s from subsidiary Scoot.

Sunwing Travel Group announced that it will bring 1,800 employees back on the payroll through the Canada Emergency Wage Subsidy program.

SWISS expected to be granted US$1.5 billion in state aid, in the form of bank loans guaranteed by the federal coffers. The repayment will depend on future profits.

Thai Airways International will not get a loan guarantee from the government, who says the assistance would breach loan requirements for state enterprises because the carrier has recorded net losses for three years in a row.

Argentina banned all commercial flight ticket sales until September 2020, one of the toughest travel bans in the world, prompting an industry outcry that the new measure will put too much strain on airlines and airports.
André
ex Sabena #26567

User avatar
MD-11forever
Posts: 212
Joined: 21 Jan 2004, 00:00
Location: Molenstede
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by MD-11forever »

sean1982 wrote: 29 Apr 2020, 07:41 Since when does this forum allow pro Trump propaganda mods?
Very true. Some posts over here are completely ridiculous and have nothing to do with aviation.
On the contrary, it seems that I'm reading a forum of Fox news or something like that...

User avatar
luchtzak
Posts: 11484
Joined: 18 Sep 2002, 00:00
Location: Hofstade, Zemst - Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by luchtzak »

MD-11forever wrote: 29 Apr 2020, 09:58
sean1982 wrote: 29 Apr 2020, 07:41 Since when does this forum allow pro Trump propaganda mods?
Very true. Some posts over here are completely ridiculous and have nothing to do with aviation.
On the contrary, it seems that I'm reading a forum of Fox news or something like that...
A few comments:

- political posts removed
- next time please flag the message that - according to you - violate the forum rules
- back on topic!

TLspotting
Posts: 2439
Joined: 19 Mar 2017, 10:22
Location: Uccle/Ukkel, BE
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by TLspotting »

TLspotting wrote: 28 Apr 2020, 22:25 Turkish Airlines suspends all flights until 28 May.
And so does Anadolujet.
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Daily review (with the usual remarks):

Aeropuertos Argentina 2000 requests the closure of El Palomar airport and the transfer of all flights operating there to Buenos Aires Ezeiza, as a result of the pandemic.

Air Algérie to reportedly restructure aspects of the business to avert a potential bankruptcy as a result of the impact from the pandemic.

AirAsia Group does not intend to take any new aircraft deliveries in 2020 because of the sharp fall in demand from the crisis, and was revisiting its order book with Airbus.

Airbus has warned that the aviation industry could take as long as five years to recover to the levels seen before the pandemic, as customers try to secure their survival by cutting thousands of jobs.

Alaska Air Cargo announced it will fly passenger jets as cargo-only flights to carry essential goods throughout its domestic network.

Avianca Holdings expects to require significant incremental financing in order to fund its operations as its cash reserves are diminishing. As the carrier cannot readily access sufficient private sector funding, it has therefore engaged in discussions with the different governments, including Colombia.

Bamboo Airways adjust its schedule to show all international flights as “sold out” until 24 October 2020.

Boeing is working with investment banks on a multibillion-dollar bond-fueled financing package, aiming to shore up its balance sheet. The proceeds could amount to US$10 billion or more.

Camair-Co has contacted the Minister of Finance to request financial support to cover expenses amid the pandemic. The carrier is to lay off 64% of its staff at a cost of US$2.4 million.

Chorus Aviation has executed the US$100 million unsecured revolving credit facility first announced on 06 April 2020. The facility is for general corporate purposes and repayable in two years.

Lufthansa Group says its repatriation flight schedule will preliminary be extended until 31 May 2020 due to continuing national and international travel restrictions.

Lufthansa is preparing to file for bankruptcy as talks intensify over an €9 billion German government rescue. A potential court filing, known as Schutzschirm, would protect Lufthansa from creditors for three months as it restructures its finances.

SAS majority owner, Jacob Wallenberg, calls for “a very large sum” of state aid if the carrier is to be saved, as the impact of the pandemic is severe.

SpiceJet has asked the government for relief to ease the strain on its cash flow as it seeks to navigate the challenges brought on by the coronavirus.

TAP Air Portugal to receive state support, as Minister Pedro Nuno Santos says that the airline is unable to survive without public intervention. As a result, the shareholder structure will be affected.

Turkish Airlines has extended the cancellation of international flights to 28 May 2020.

Uzbekistan Airways has closed reservation for all flights until 30 June 2020.

Wizz Air (Hungary) to prolong the suspension of all its routes to and from Poland until 09 May 2020 inclusively, as a result of the extension of quarantine restrictions by Poland.

Wizz Air to prolong the suspension of all its routes to and from Ukraine until 11 May 2020 inclusively, as a result of the extension of quarantine restrictions by Ukraine.

Yakutia received a loan from the government in the amount of US$448 million in the context of the pandemic. The carrier to also defer lease payments to save cash.

European Commission has approved a Swedish state guarantee of up to approximately €125 million on a revolving line of credit in favour of SAS (Sweden) to partially compensate it for the damage suffered due to the outbreak.

French government’s financial support of Air France comes with the expectation that the airline keeps buying planes from Airbus, says Finance Minister Bruno Le Maire. He added that the government could also support Airbus “massively when needed”.
André
ex Sabena #26567

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Eurocontrol latest update on airline and state measures - showing a few small changes in the weeks ahead.

Image

Image
André
ex Sabena #26567

Passenger
Posts: 6861
Joined: 06 Dec 2010, 20:54

Re: Impact of the coronavirus crisis on aviation

Post by Passenger »

Open letter from the Belgian aviation society (at BRU): SOS !

https://www.tijd.be/opinie/algemeen/SOS ... t/10224033

(update with content: soon...)

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Passenger wrote: 30 Apr 2020, 10:17 Open letter from the Belgian aviation society (at BRU): SOS !

https://www.tijd.be/opinie/algemeen/SOS ... t/10224033

(update with content: soon...)
Why didn't the CEOs of Air Antwerp and Air Belgium, and those of ANR, CRL, LGG, OST sign this letter? Then it would really be representing the whole Belgian aviation industry.

It's not only BRU that needs to be saved, but the entire Belgian aviation industry.
André
ex Sabena #26567

Passenger
Posts: 6861
Joined: 06 Dec 2010, 20:54

Re: Impact of the coronavirus crisis on aviation

Post by Passenger »

sn26567 wrote: 30 Apr 2020, 11:02
Passenger wrote: 30 Apr 2020, 10:17 Open letter from the Belgian aviation society (at BRU): SOS !
https://www.tijd.be/opinie/algemeen/SOS ... t/10224033
(update with content: soon...)
Why didn't the CEOs of Air Antwerp and Air Belgium, and those of ANR, CRL, LGG, OST sign this letter? Then it would really be representing the whole Belgian aviation industry.

It's not only BRU that needs to be saved, but the entire Belgian aviation industry.
Maybe because the regional airports are state-owned airports? ("state-owned": by the regional governments).
Maybe because CRL and LGG have already been served by the Walloon government? See:
https://ec.europa.eu/commission/pressco ... /IP_20_645

User avatar
lumumba
Posts: 1798
Joined: 04 Sep 2003, 00:00
Location: brussels Europe

Re: Impact of the coronavirus crisis on aviation

Post by lumumba »

Passenger wrote: 30 Apr 2020, 13:40
sn26567 wrote: 30 Apr 2020, 11:02
Passenger wrote: 30 Apr 2020, 10:17 Open letter from the Belgian aviation society (at BRU): SOS !
https://www.tijd.be/opinie/algemeen/SOS ... t/10224033
(update with content: soon...)
Why didn't the CEOs of Air Antwerp and Air Belgium, and those of ANR, CRL, LGG, OST sign this letter? Then it would really be representing the whole Belgian aviation industry.

It's not only BRU that needs to be saved, but the entire Belgian aviation industry.
Maybe because the regional airports are state-owned airports? ("state-owned": by the regional governments).
Maybe because CRL and LGG have already been served by the Walloon government? See:
https://ec.europa.eu/commission/pressco ... /IP_20_645
Air Antwerp is not a Belgian company!
Ryanair could also be there then.
Hasta la victoria siempre.

Ge203
Posts: 26
Joined: 14 Feb 2019, 13:28
Location: Brabant wallon/Waals-Brabant

Re: Impact of the coronavirus crisis on aviation

Post by Ge203 »

lumumba wrote: 30 Apr 2020, 14:33
Passenger wrote: 30 Apr 2020, 13:40
sn26567 wrote: 30 Apr 2020, 11:02

Why didn't the CEOs of Air Antwerp and Air Belgium, and those of ANR, CRL, LGG, OST sign this letter? Then it would really be representing the whole Belgian aviation industry.

It's not only BRU that needs to be saved, but the entire Belgian aviation industry.
Maybe because the regional airports are state-owned airports? ("state-owned": by the regional governments).
Maybe because CRL and LGG have already been served by the Walloon government? See:
https://ec.europa.eu/commission/pressco ... /IP_20_645
Air Antwerp is not a Belgian company!
Ryanair could also be there then.
Following your criteria SN isn't more of a Belgian company. You can consider an airline Belgian when most of its activity are in Belgium, AOC & aircraft registration are in Belgium, most jobs in Belgium, enz.

Who cares if it is owned by a foreign group? At least I don't. As long as the state aid isn't spread within the group, but stays within the Belgian branch.

User avatar
lumumba
Posts: 1798
Joined: 04 Sep 2003, 00:00
Location: brussels Europe

Re: Impact of the coronavirus crisis on aviation

Post by lumumba »

Ge203 wrote: 30 Apr 2020, 14:45
lumumba wrote: 30 Apr 2020, 14:33
Passenger wrote: 30 Apr 2020, 13:40
Maybe because the regional airports are state-owned airports? ("state-owned": by the regional governments).
Maybe because CRL and LGG have already been served by the Walloon government? See:
https://ec.europa.eu/commission/pressco ... /IP_20_645
Air Antwerp is not a Belgian company!
Ryanair could also be there then.
Following your criteria SN isn't more of a Belgian company. You can consider an airline Belgian when most of its activity are in Belgium, AOC & aircraft registration are in Belgium, most jobs in Belgium, enz.

Who cares if it is owned by a foreign group? At least I don't. As long as the state aid isn't spread within the group, but stays within the Belgian branch.
You make a point.
But I'm not sure that it's considered strategic.
Hasta la victoria siempre.

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Daily review:

Aeromexico plans to progressively resume its international operations from 01 May 2020, with the reopening of routes to Madrid, Vancouver and Sao Paulo, while flights to the US will have to wait until June 2020.

Air Europa is preparing to resume operations from 01 June 2020, as long as travel restrictions are eased.

Air France will only receive €7 billion in state aid on condition that it maps out a path to profitability and sets the goal of becoming the most environmentally friendly carrier in the world. Domestic flights will also have to be cut if a train alternative lasting less than 2.5 hours exists.

Air Seychelles to resume its domestic operations between Mahe and Praslin, effective 04 May 2020, following the removal of all restrictions on the movement of Seychellois citizens due to the pandemic.

AirAsia resumed its scheduled domestic flights in Malaysia, and will be followed by Thailand on 01 May, the Philippines 16 May 2020, and Indonesia 07 May 2020 subject to approval from the authorities.

Airbus is in talks with the French state regarding possible support for aircraft deliveries, even though it has no liquidity problems at present.

ANA All Nippon Airways is open to supporting Skymark (Japan) and Air Do (Japan) through the pandemic.

ANA will delay the delivery of aircraft to help soften the financial blow from the coronavirus. ANA plans to receive 13 aircraft in the current fiscal year, but is shifting receipt of the A380 and the B787 from the 1H to 2H. Aircraft due in 2H will be shifted into the next fiscal year, with the B777X delayed as well.

ANA will embark on US$935 million worth of cost-cutting in April and May 2020, and will seek to keep jobs off the chopping block. A complete recovery will likely be pushed back into fiscal 2021. ANA had $2.33 billion in ready liquidity at the end of March and anticipate $8.9 billion in short-term funds. There will be no government guarantees in its cash flow.

Avianca Holdings has been negotiating with the Colombian government for US$50 million in financial aid to save the airline. The company is open to the transfer of shares.

Boeing CEO Dave Calhoun told employees that the largest US planemaker is reducing the size of its workforce by about 10% amid a steep fall in travel demand due to the pandemic.

Bulgaria Air to resume its flights from Sofia to London from 01 May 2020.

Comair is now expecting to only resume operations in either October or November 2020. Comair is lobbying the state for aid.

Etihad won’t now resume normal scheduled passenger services until 16 June 2020 at the earliest after the airline closed all online bookings for May and early June.

GECAS says it’s better positioned today versus prior downturns in asset quality, customer concentration, geographic diversity. The lessor is managing deferrals and preparing for lease restructurings, repossessions, & redeployments, with 75-80% of its customer base seeking short-term deferrals.

IAG aims to steer clear of state bailouts, hoping it will leave it in a better position when the crisis is over.

Jazeera Airways has laid off over a third of its staff and can dip into its cash reserves to get through the crisis. The carrier is not seeking state aid.

Malaysia Airlines is working closely with sole shareholder Khazanah Nasional for financial support while also taking steps to defend its cash position to sustain business during the crisis.

Philippine Airlines revised planned service resumption on Cebu – Los Angeles route until 02 June 2020, with B777-300ER.

Thai Airways International plans to seek a US$1.8 billion emergency loan to maintain liquidity and see it through a drop in demand. After the loan, the carrier plans to raise $2.3 billion baht in capital by issuing new shares around November, and use the proceeds to pay off the loan plus interest as well as to maintain liquidity.

Tunisair confirmed it is preparing a restructuring plan to face the effects of the pandemic, but also the withholding of 50% of salaries.

Viva Air Colombia is seeking a bridge loan from the government to overcome the crisis, as liquidity is low.

Wingo is seeking support from the Colombia government to guarantee loans to ensure smooth operations amid the crisis.

Austria (like Belgium) might demand a stake in Lufthansa in exchange for granting emergency aid to Austrian Airlines.

Philippine airlines are asking Congress to pass a law that would provide the industry financial support and wage subsidies as losses due to the pandemic reach US$376 million. Banks have cut off access to unused credit lines.

Singapore’s government would ensure that national carrier Singapore Airlines survives the crisis, but warned that the economy would have to open up slowly and some jobs would disappear forever.

South Korea is considering further financial support for airlines hit by the outbreak on the condition that they push for self-help measures and keep their workforce.

US Treasury Secretary Steven Mnuchin said he isn’t considering providing additional money to help airlines reeling from the impact of the pandemic.

Zambia government says the pandemic will affect the launch and operationalisation of Zambian Airways. No new launch date was set
André
ex Sabena #26567

User avatar
lumumba
Posts: 1798
Joined: 04 Sep 2003, 00:00
Location: brussels Europe

Re: Impact of the coronavirus crisis on aviation

Post by lumumba »

If I understood well Lufthansa will not fly before October!!!!!
Hasta la victoria siempre.

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Daily review:

Azul has received default notices on some of its leased aircraft, after failing to renegotiate lease terms due to the crisis. The carrier was working on a deal and believes it will be able to reach “satisfactory agreements” on them.

Boeing announces bond offering which includes debt instruments with a staggering aggregate principal amount of US$25 billion (!) across seven tranches with maturities ranging from three to 40 years. Boeing does not plan to seek additional funding through the capital markets or the US government options at this time.

Boliviana de Aviation has managed to postpone lease payments for three months and is now negotiating with each of the lessors to reduce the cost or suspend payment for as long as the aircraft are not operating.

Czech Airlines plans to return its leased A330-300, serial 425, in October 2020. The carrier’s Seoul flights not expected to resume until the end of 2020

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.

Iberia and Vueling have signed syndicated financing agreements for €800 million and €275 million respectively, pending government guarantees for these loans. The financing arrangements have a five-year term, amortising from 30 April 2023. They contain a number of non-financial covenants.

Jetstar Asia will further suspend scheduled services until 31 May 2020 due to travel restrictions.

LOT Polish Airlines extended the suspension of flights until 31 May 2020, following the Polish government’s decision.

Lufthansa pilots are ready to sacrifice up to 45% of their salaries for more than two years to help cut costs. The concessions amount to more than €350 million and make a significant contribution to the viability of the company.

Sun Country Airlines CEO Jude Bricker confirms the airline is negotiating lease payment deferrals for its B737s.

TransNusa has decided to extend the temporary suspension of services until 31 May 2020.

Tus Airways suspended all operations on 23 March 2020 following government travel restrictions.

WestJet has reached an agreement with the ALPA union, to save more than 1,000 pilot jobs at WestJet, WestJet Encore and Swoop amidst the crisis.

Wizz Air announced that several routes to and from Romania remain suspended due to the prolonging of existing travel restrictions until mid-May 2020.

Germany’s government has set out a unified position on a bailout for Lufthansa, with the airline group expected to accept a significant state stake and veto rights in exchange for a multibillion-euro package of assistance. Germany may seek a 25% stake in the carrier.

Kazakh airlines made their first regular domestic flights in more than a month on 01 May 2020, with rows of passengers seated alongside empty middle seats.

Serbia will consider buying new aircraft for Air Serbia and purchasing back the 49% stake held by Etihad.
André
ex Sabena #26567

Poiu
Posts: 847
Joined: 14 Nov 2015, 09:38

Re: Impact of the coronavirus crisis on aviation

Post by Poiu »

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?

User avatar
sn26567
Posts: 37274
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Impact of the coronavirus crisis on aviation

Post by sn26567 »

Poiu wrote: 01 May 2020, 22:00
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?
The explanations of the Swiss Government:
  • The liquidity needs of Swiss and Edelweiss are estimated to be around CHF 1.5 billion up to the end of 2020. This liquidity shortfall is to be made up by a consortium of banks with the help of COVID plus credits. 85% of the funds drawn down, but no more than CHF 1.275 billion, should be secured by federal guarantees. The conditions for the granting of federal assistance announced on 8 April 2020 can be met. A holding in Swiss or Edelweiss is not envisaged, as the success of Swiss and Edelweiss is essentially linked to their significant integration into Lufthansa Group. However, the loans will be secured by Swiss and Edelweiss shares.
  • easyJet Switzerland should be able to cover its liquidity needs via its parent company. Therefore, the conditions for a subsidiary federal commitment are not met at the moment. As its turnover is less than CHF 500 million, easyJet Switzerland also has the option of applying for a COVID bridging credit.
https://www.aviation24.be/airlines/easy ... itzerland/

But yes, indeed, the 500 million CHF turnover limit seems to have been selected so as to include SWISS and Edelweiss and to exclude easyJet Switzerland.
André
ex Sabena #26567

Post Reply