1. #8101
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    Quote Originally Posted by Neverna View Post
    Surely the company had "strong" Euros to buy fuel.
    Not when only 2 of 9 operating bases are in countries with the Euro.

    The fact it was a British regional airline and the company name is British Midland Regional Limited ...is kinda self evident.

  2. #8102
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    Quote Originally Posted by Dragonfly View Post
    not soon enough, I wonder what silly surprises Maybot is reserving for our amusement next week
    The surprise is that the EU have agreed with May to make last minute concessions, er, clarifications, which they reckon will be enough to get through a Parliament with a gun at its head.

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    Quote Originally Posted by NamPikToot View Post
    Buttfly is going to love it once ze Yermans change the official language to Yerman, move the parliament to Berlin and change the Euro to Mark....only joking.
    They haven't reached that endgame yet.

  4. #8104
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    Quote Originally Posted by NamPikToot View Post
    Buttfly is going to love it once ze Yermans change the official language to Yerman, move the parliament to Berlin and change the Euro to Mark....only joking.
    I didn't realize Germans were enemies of the state, or that Germany wasn't an ally anymore

    oh wait, you are stuck on V day with Churchill supporters and the old pensioners like Chass

    little England indeed, stuck in the past

  5. #8105
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    Quote Originally Posted by Switch View Post
    Don’t worry yourself insignificant troll. The British are leaving. Perhaps not as soon as you would like, but they are leaving.
    of course you are leaving, and in case you didn't get the message when we are showing you the door, is that we will not renegotiate the shit deal we gave you

    don't forget to close the other end of the Eurotunnel on your way out

  6. #8106
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    no doubt the Brexiteers will tell us it had nothing to do with uncertainty over Brexit or buying aviation fuel with a very weak pound.
    very little to do with brexit actually, more to do with mismanagement, poor forward planning and the problems affecting all small airlines throughout europe.

    February 5 2019 11:03 AM


    German holiday airline Germania collapsed on Tuesday after it failed to secure financing to meet a short-term cash squeeze and said it would cancel all flights immediately.

    The insolvency of Germania, which carried around four million passengers each year, follows on from the failure of Germany's second-biggest airline, Air Berlin, in 2017, and underscores the turbulence in the European airlines industry.

    Britain's Monarch Airlines and Alitalia have also filed for insolvency in recent years.

    Germania, founded in 1986, blamed rising fuel prices, a stronger dollar, delays in integrating new aircraft into its fleet as well as a high number of maintenance services for the cash shortage.

    "Unfortunately, we were ultimately unable to bring our financing efforts to cover a short-term liquidity need to a positive conclusion," Chief Executive Karsten Balke said in a statement.

    Germania's 37 aircraft mainly flew German sun-seekers to more than 60 destinations in Europe, North Africa and the Middle East. It said all flights had been halted overnight after it filed for bankruptcy late on Monday.

    Balke thanked the airline's staff and apologised to passengers who had booked directly with the airline who it said would not be entitled to alternative flights.

    "The horror for German air travellers continues," said Klaus Mueller, head of the Federation of German Consumer Organisations.

    The Federal Association of the German Aviation Industry said airlines, including those belonging to the Lufthansa Group , TUIfly and Condor, would offer stranded Germania passengers special rates to return to Germany.

    Europe's largest budget airline Ryanair, which posted its first quarterly loss since 2014 on Monday, said it expected further consolidation in the industry over the next 12-18 months due to overcapacity.

    It predicted a further rise in oil prices would put the squeeze on smaller airlines that can't afford to increase their oil price hedging.

    Germania's own financial problems emerged at the start of January when it said it was examining several financing options to secure its short-term liquidity needs.

    It said on January 19 it had received a commitment for €15m in funding that would secure its medium and long-term future, but at the end of last week it confirmed media reports that it had delayed paying wages.

    Air Berlin, which served around 30 million passengers a year filed for insolvency in 2017 and ceased operations. Many of its aircraft were absorbed by bigger rival Lufthansa.
    https://www.independent.ie/business/...-37784466.html

  7. #8107
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    Tax, you silly Dentist economist wannabee

    Brexit is the trigger, for the weak UK companies, how can you rejoice over this?

    your country is already weak and many small UK companies are suffering, and your anwser is "let them eat cake" and enjoy "Brexit" ?

    of course Brexit is not the cause, it's just the last drop that will make the whole ship sinks, and you are looking forward to it?

    strange people indeed,

  8. #8108
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    Quote Originally Posted by Troy View Post
    As an EU citizen I don't need to and if I did my third national wife would have needed an A1 in German with 18 months to reach B2. The Treaty of Rome allowed her entry and be able to learn English to a higher standard instead. If I change citizenship her visa is revoked.

    Switch, I can post the letter in German if you are not convinced. An agreement allows for full EU rights in the future. No deal means 3 months to get citizenship, third national visa or Foxtrot Oscar.
    Searching for something unrelated and found this.

    https://www.gov.uk/guidance/living-in-germany

    Im sure you are up to speed anyway.

  9. #8109
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    Quote Originally Posted by taxexile View Post
    no doubt the Brexiteers will tell us it had nothing to do with uncertainty over Brexit or buying aviation fuel with a very weak pound.
    very little to do with brexit actually.....problems affecting all small airlines throughout europe.

    https://www.independent.ie/business/...-37784466.html
    From your own article: "Germania, founded in 1986, blamed rising fuel prices, a stronger dollar,"

    British Midland Airways Limited are buying the same expensive fuel with a very weak pound, not to mention the effects of a weak pound on it's customers who are largely based in the UK ..a pound much weaker than either the Euro or the Dollar.

    Are you able to comprehend?

  10. #8110
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    Quote Originally Posted by Dragonfly View Post
    Tax, you silly Dentist economist wannabee

    Brexit is the trigger, for the weak UK companies, how can you rejoice over this?

    your country is already weak and many small UK companies are suffering, and your anwser is "let them eat cake" and enjoy "Brexit" ?

    of course Brexit is not the cause, it's just the last drop that will make the whole ship sinks, and you are looking forward to it?

    strange people indeed,
    It seems that you, and a few others are totally unaware of the slow down in global economy.
    Blaming everything on Brexit is just too easy for you. While the uncertainty over Brexit may have exacerbated matters, you are too dim to notice that the wealthy north of Europe, as well as the med MS are falling apart at the seams, along with China and the USA.
    Are you going to blame global economic collapse on Brexit too?

    What a silly little wanker of unspecified origin you are. lol ��

  11. #8111
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    Chass, you old man, Brexit is only making things worse, and as usual, you missed the point, you poorly educated man

    why would you choose to speed up the sinking of your own ship as a matter of principle is just too fucking strange to grasp,

    but again I don't lie in a bed full of stinking piss 24 hours a day

  12. #8112
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    British Midland Airways Limited are buying the same expensive fuel with a very weak pound, not to mention the effects of a weak pound on it's customers who are largely based in the UK ..a pound much weaker than either the Euro or the Dollar.
    the euro has dropped around 15% to the dollar over the past couple of years and airlines hedge their fuel purchasing years in advance.
    all the smaller airlines are clinging on by their fingernails right now.

    there are so many of them in competition with each other, so of course many will fail. brexit is but a small part of it.

  13. #8113
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    d'fly

    Tax, you silly Dentist economist wannabee

    d'fly

    but again I don't lie in a bed full of stinking piss 24 hours a day
    but we all know you would pay big money to lie in a bed full of stinking piss all day you filthy pig.

  14. #8114
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    Quote Originally Posted by Dragonfly View Post
    but again I don't lie in a bed full of stinking piss 24 hours a day
    Neither does Chas, I bet he gets the best care his meagre pension can buy in his bamboo hut in nowhere buttfuk.

  15. #8115
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    Quote Originally Posted by stroller View Post
    Neither does Chas, I bet he gets the best care his meagre pension can buy in his bamboo hut in nowhere buttfuk.
    Where I live is no concern of yours yereman druggie.

    The invertebrate kids himself that he’s young and smart, but we all know that’s just him telling himself stories. He’s an over confident troll, with a very small brain, and an even smaller imagination.
    He can’t even imagine fresh insults, the pathetic little worm.

    I can’t wait to see him covered in the dust and rubble when his home country collapses. I’m sure the U.K. will send foreign aid, tents and blankets, to comfort him and his broken countrymen.

  16. #8116
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    Quote Originally Posted by Switch View Post
    Where I live is no concern of yours yereman druggie.

    The invertebrate kids himself that he’s young and smart, but we all know that’s just him telling himself stories. He’s an over confident troll, with a very small brain, and an even smaller imagination.
    He can’t even imagine fresh insults, the pathetic little worm.
    it's not like you being dull, poorly educated and on pension is a big inspiration for creative insults, all is said by just describing your poor state of affair

    hardly amusing I must say, just fucking pathetic

  17. #8117
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    Quote Originally Posted by Dragonfly View Post
    it's not like you being dull, poorly educated and on pension is a big inspiration for creative insults, all is said by just describing your poor state of affair

    hardly amusing I must say, just fucking pathetic
    Poor? That’s anew one. Well done, or did your Carer help?

  18. #8118
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    Quote Originally Posted by taxexile View Post
    the euro has dropped around 15% to the dollar over the past couple of years
    You sure bro?

    The graph below shows the Euro/Dollar rate for the last 4 years.

    The Euro is stronger now that it was 4 years ago.

    ....note how the Euro strengthens following the Brexit referendum.




    Lets take a look at the Pound/Dollar rate over the same period.

    The red arrow points to the exact moment the Referendum result was known.

    A sheer vertical line in a currency rate graph is almost unheard of barring a nuclear attack or other similar catastrophe.

    Note the huge shark bite that comes after, illustrating the worst Pound/Dollar rate in 35 years....





    For completeness, lets see how the Pound fared against the Euro over the same period.

    ....oh dear!

    Once more the red arrow pin points the exact moment the referendum result was know, and once more the sheer vertical line.



    Quote Originally Posted by taxexile View Post
    .......airlines hedge their fuel purchasing years in advance.
    all the smaller airlines are clinging on by their fingernails right now.
    Correct ....successful businesses work off a 5 year plan( hard numbers ) projected into the future, they might manage a 3 year plan in a pinch.

    You might ask yourself how UK companies are expected to project a plan for the remainder of 2019 never mind beyond... what kind of investor is going to touch that steaming pile of excrement? ....is Brexit uncertainty, the shit pound and failing/fleeing UK companies starting to make sense now?
    ------------


    Even the extreme Tory Brexiteer Jacob Rees Moog has moved his company to the EU, his new EU company prospectus listed Brexit as one of the risks, saying it will cause “considerable uncertainty”. Which is the kiss of death for businesses.

    Quote Originally Posted by taxexile View Post
    ........brexit is but a small part of it.
    As I've just illustrated in hard numbers, Brexit is a huge part of it.
    Attached Images Attached Images

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    I understood because of the state of flux in a Brexit concordat BMI could not secure future rights intra-EU on potential lucrative routes and without the opportunity to bid for those slots it had trouble in extending credit lines thus precipitating its collapse which might have been staved off otherwise if Brexit had not destroyed its bargaining position.
    Revenue, a fluctuating cost base and demand are perennial factors in the airline business, for BMI Brexit was the killer blow.
    Of course, to Tax, like the British based motor manufacturers and the British banks exporting billions of £ to EU based subsidiaries and the thousands of EU workers haemorrhaging out of the NHS and the care industry, any current economic trend in Britain is in fact influenced not by Brexit but by a stronger than usual breeze from the Southeast and the early arrival of the Siberian chiffchaff.

  20. #8120
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    Attached Images Attached Images

  21. #8121
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    ^So dum the only retort to hard facts he can manage is a cartoon chicken wearing a bowtie...

  22. #8122
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    NamPik is a retarded chav, don't pay attention

    will probably die with Brexit,

  23. #8123
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    Probably....

  24. #8124
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    Quote Originally Posted by foobar View Post
    no doubt the Brexiteers will tell us it had nothing to do with uncertainty over Brexit or buying aviation fuel with a very weak pound.
    A small operation with a business model that involved charging premium fares for niche routes, with an average passenger load of 18 - less than half full.

  25. #8125
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    Quote Originally Posted by foobar View Post
    The graph below shows the Euro/Dollar rate for the last 4 years.

    The Euro is stronger now that it was 4 years ago.

    ....note how the Euro strengthens following the Brexit referendum.

    You sure, bro?

    Look closely at the graph you posted ...


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