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Thread: Airline News

  1. #3251
    Thailand Expat misskit's Avatar
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    Thailand’s in-bound flight ban extended until end of June

    The Civil Aviation Authority of Thailand (CAAT) has extended the ban on all flights into Thailand, except diplomatic, technical, medical and emergency landings, until June 30th, or until there is a significant change in the global COVID-19 pandemic situation.


    The ban was originally to end of May 31st.


    CAAT director, Mr. Chula Sookmanop, said that passengers and air crew on those exempted flights will be subject to 14-days in state quarantine if they want to enter Thailand.


    Meanwhile, Health Department director-general Dr. Panpi Wipulakorn said today that a recently conducted survey shows that Thai people have become less diligent about observing safety measures, with 72.5% strictly complying, compared to 77.6% in the previous survey.


    In preparation for the further easing of lockdown restrictions tomorrow (Sunday), she said health officials have told the managements of businesses and leisure facilities to cleanse all the contact points, such as escalator handrails, service counters, floors, walls and restrooms, hourly.


    Cleaning staff will be subject to temperature screenings every day and special attention must be given to the disposal of an expected increase in garbage.

    Thailand’s in-bound flight ban extended until end of June – Thai PBS World

  2. #3252
    The Fool on the Hill bowie's Avatar
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    Well, the airlines are for profit businesses. There is no magic as to what they must do to survive. It costs X amount to fly a plane from Point A to Point B. They need X number of passengers at Y ($$/passenger) to make a profit.

    They will cut back on the number of flights offered to keep the flights full or close to full. The price Y $$ will be determined by the purchasers in that, if it is too expensive, the airlines will not be able to attract enough X’s (passengers) to make a profit.

    They will shift/convert excess passenger aircraft to cargo carriers. The airlines are flexible – if they cannot adapt, and some will fit that not adaptable bill, they will die. There will be the proverbial thinning of the herd.

    But, that being said – it will be demand that will drive the pricing. The available number of passenger flights will decrease to fit the demand.

    I really can’t see flying becoming too expensive. If it in fact becomes cost prohibitive – the industry would die.


    This really goes for any business affected by Covid – you adapt and/or modify to meet your customer demand, or you die.

  3. #3253
    ความรู้ลึกลับ HuangLao's Avatar
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    For profit businesses/corporations that are equally subsidized/underwritten by the respective governments.

    There's an economic/political terminology used to describe this practice.


  4. #3254
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by HuangLao View Post
    For profit businesses/corporations that are equally subsidized/underwritten by the respective governments.

    There's an economic/political terminology used to describe this practice.

    Let me have a crack Jeff. Is it "Government Subsidy"?

  5. #3255
    Thailand Expat misskit's Avatar
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    Cabinet endorses court-sanctioned rehabilitation scheme for ailing THAI

    Thailand’s cabinet has decided to let financially-strapped Thai Airways International enter a court-sanctioned rehabilitation scheme, under the Thai bankruptcy laws.


    Speaking at a news conference today (Tuesday), Prime Minister Prayut Chan-o-cha admitted that it was a difficult decision for him to choose between injecting new funding into the ailing airline, letting the airline file for bankruptcy or entering a rehabilitation programme under the country’s bankruptcy laws.


    The cabinet, he said, chose the court-sanctioned rehabilitation scheme, believing that the option is the best for THAI, so that the national flag carrier will be able to resume operations after going through a rehabilitation process to address internal problems in the organization.


    “I would like everyone to go back and think about why we had THAI from the outset and whether THAI should continue to be a competitive organization that will bring fame and revenue to the Thai people,” said the Prime Minister, adding “It is about time we have the courage to undertake a court-sanctioned rehabilitation scheme.”


    The Prime Minister said that he chose rehabilitation because he could not let the beleaguered national flag carrier to go under, which could have led to the mass layoff of over 20,000 staff.


    “(I believe) we don’t want to see this happen and the Government is fully supportive of this scheme, so the airline can resume operations, albeit without Government financial support,” said the Prime Minister, as he explained that, under the rehabilitation scheme, the court will appoint professionals to manage the rehabilitation plan after the airline has undergone a major structural overhaul.


    All stakeholders will be notified of the cabinet’s decision today, said the Prime Minister, adding that he hopes THAI will be able to stage a comeback.


    “THAI was regarded as the cultural ambassador that helped to promote Thailand throughout the last 60 years, from one generation to another, be they cabin crew, mechanics, ground staff or others. I, and all Thais, hope that this rehabilitation programme will restore THAI to its former glory. This is my decision and that of the cabinet today,” said the Prime Minister.


    Cabinet endorses court-sanctioned rehabilitation scheme for ailing THAI – Thai PBS World

  6. #3256
    Thailand Expat harrybarracuda's Avatar
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    Start by axing the freeloaders.

    And axing the freebies.

    You'd be amazed how much money you'll save.

  7. #3257
    Thailand Expat harrybarracuda's Avatar
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    The union did a quick about face on this. I'm guessing they were told either play the game or the airline would fold.

    The Finance Ministry will sell 3.17% of its stake in the financially-troubled Thai Airways International (THAI) to the state-run Vayupak 1 Fund, with the aim of stripping the airline of its state enterprise status.

    Transport Minister Saksayam Chidchob held a teleconference to inform THAI executives of the decision on Wednesday.

    He has given THAI a free hand in selecting up to 30 professionals to be appointed as rehabilitation planners.

    After that list is forwarded to Prime Minister Prayut Chan-o-cha for his consideration on Monday, it will be submitted to the Central Bankruptcy Court.

    The share sale will strip the airline of its state enterprise status, which entails legal restrictions, particularly under the the 2000 State Enterprise Labour Relations Act.

    Those restrictions currently stand in the way of fulfilling the court-ordered restructuring of the airline.

    THAI's labour union on Monday strongly opposed the plan as it will result in the dissolution of the union.

    But Finance Minister Uttama Savanayana on Wednesday said the Vayupak 1 Fund will move to buy the shares as soon as possible.

    He added the shares could change hands at a below-par price without breaking any regulations.

    Once concluded, the matter will be forwarded to the cabinet for its consideration.

    The Finance Ministry holds 51.03% of the shares in THAI, while the Government Savings Bank holds 2.13%. Selling 3.17% of the ministry's shares will reduce the two state entities' stake in the airline to below 50%.

    The shares are expected to sell for 600-700 million baht, a source at the ministry said.

    A crucial part of the rehabilitation plan is to remove the airline's state enterprise status.

    A source in the Transport Ministry said it is estimated that 6,000 of the 21,000 THAI employees will be laid off under the plan and receive compensation equivalent to 10 months' salary.

    A meeting of the executive board of the Vayupak 1 Fund chaired by deputy finance permanent secretary Jumpol Rimsakorn is today expected to approve its share purchase from the ministry.

    The source said careful consideration will be given to the share purchase price.

    THAI's share price on the stock market has gone up in recent days and the share purchase price should be set based on the average prices in the previous seven days of trading, plus a discount of 15-20%.

    Meanwhile, the Department of Cooperative Promotion director-general Pichet Viriyapaha said the 82 cooperatives which invested in THAI's debentures worth 42 billion baht have solid financial standing.

    The agency is attempting to stem panic withdrawals of cash by some members of the cooperatives, who are fearful the national carrier will not be able to service its debts.

    Of the 82 cooperatives, the Electricity Generating Authority of Thailand cooperative has the biggest investment valued at 8.2 billion baht.

    Mr Pichet said that not all cooperatives' debentures mature at the same time, allowing the airline room to breathe and a wide window of repayment spanning from this year until 2034.

    This year, debentures worth 1 billion baht held by 21 cooperatives are due.

    However, once the court accepts the airline's bankruptcy petition and sets the process in motion, the debentures will be reflected in the rehabilitation blueprint with revised repayment terms.

    He said the cooperative members' investment in THAI is relatively small compared to the savings cooperatives' 3.3 trillion baht nationwide tally.

    Meanwhile, the THAI workers union has reversed its stance and now says it will not stand in the way of the government's plan to reduce its stake in the national carrier, the union's president said on Wednesday.
    Ministry to cut THAI stake

  8. #3258
    Thailand Expat klong toey's Avatar
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    Maybe Thai will start a GoFundMe rescue package what could possibly go wrong with that funding method.
    Guess we will be looking for a new airline to fly back to Blighty if and when things reach some kind of normality better use our airmiles up before they get repossessed .

  9. #3259
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    6,000 people laid off today, they will be paid 10 months compensation in line with the law.

    [COLOR=rgba(0, 0, 0, 0.84)]Source: [/COLOR]https://www.nationthailand.com/business/30388241

  10. #3260
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by aging one View Post
    6,000 people laid off today, they will be paid 10 months compensation in line with the law.

    [COLOR=rgba(0, 0, 0, 0.84)]Source: [/COLOR]https://www.nationthailand.com/business/30388241

    "The rehabilitation of the airline has to be approved by the creditors and it is likely to take at least one year, sources said."
    What about the shareholders?

  11. #3261
    Thailand Expat misskit's Avatar
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    Nearly 6,000 THAI staff to be laid off

    Thai Airways (THAI) will have to dismiss more than 6,000 employees after entering a bankruptcy procedure and a debt moratorium of Bt200 billion, the government said on Thursday.


    The Cabinet decided to push THAI into a bankruptcy procedure under the Bankruptcy Act BE2483 (AD1940) and ordered the Ministry of Finance to sell its majority stake in the airline.

    THAI will stop repaying all debt and start from scratch, the government said. According to the size of its debt, 30 per cent of its over 20,000 employees, or over 6,000 people, will have to be dismissed. They will receive a 10-month compensation as per the labour law.


    The rehabilitation of the airline has to be approved by the creditors and it is likely to take at least one year, sources said.

    Nearly 6,000 THAI staff to be laid off

  12. #3262
    Thailand Expat
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    Pakistan International Airlines passenger plane crashes in Karachi

    A Pakistan International Airlines plane has crashed in Karachi on a flight from Lahore, aviation officials say.

    The plane, which was reported to be carrying 90 passengers, was flying from Lahore to Jinnah International Airport, one of Pakistan's busiest airports.

    Pictures shared on social media show smoke rising from the crash site, a residential area.

    Emergency services have arrived at the scene.

    Pakistan International Airlines passenger plane crashes in Karachi - BBC News

  13. #3263
    Thailand Expat
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    PIA aka Perhaps I'll Arrive

    Not the first flight after 2 months sitting on ground, had flown several legs earlier. Landing gear problem to start with, apparently, followed by loss of engines on GA. Early days for this one...

  14. #3264
    Thailand Expat harrybarracuda's Avatar
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    I opened a thread in T& A News. Mods can merge or leave, up to them.

  15. #3265
    Thailand Expat harrybarracuda's Avatar
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    Debt-ridden Thai Airways International (THAI) has lost its state enterprise status after the Vayupak 1 Fund bought a 3.17% stake from the Finance Ministry on Friday, a source at the fund said.

    The stake purchase was undertaken at a price of four baht per share, said the source. The purchase cut the Finance Ministry's holding in the national carrier to 48%, immediately stripping the carrier of its state enterprise status.

    The Vayupak 1 Fund has the status of a juristic person, not a state enterprise, even though it was established by a 2003 cabinet resolution, said the source.


    THAI shares closed at 4.90 baht on Friday, down 0.35 baht or 6.67%, in trade worth 285.2 million baht.


    A source at the Finance Ministry said the airline will now submit its application to the Central Bankruptcy Court for rehabilitation under the bankruptcy law, with THAI proposing itself as the rehab planner.


    "That process needs to be done as soon as possible, otherwise creditors may submit themselves to the court as planners," said the source.

    In addition, if the government wants to have its representatives serve as plan administrators, they must first sit on the THAI board. By law, only members of the board can be nominated as plan administrators by the debtor. Creditors, however, can oppose the debtor's proposal.

    THAI has outstanding debts worth 200 billion baht, 30% of which is domestically owned.


    Meanwhile, the Finance and Transport ministries will jointly set up a "superboard," a new panel to monitor the rehabilitation plan for the carrier.

    The board will be chaired by Deputy Prime Minister Wissanu Krea-ngam, who oversees the government's legal affairs.

    The superboard itself will not implement the plan but only "scrutinise" the work and report its progress to Prime Minister Prayut Chan-o-cha, Transport Minister Saksayam Chidchob said yesterday after talks with Mr Wissanu and Finance Minister Uttama Savanayana.


    It was earlier reported that the two ministries were locking horns over the composition of the new board set to supervise the airline after the Finance Ministry's stake sell-off.


    The Transport Ministry, for example, wanted to pack the board with its own people.


    Mr Saksayam said the superboard will submit a list of candidates to serve as potential rehab planners for court approval.


    The Transport Ministry already has four representatives in mind to form the superboard, he said.


    They are deputy Transport Minister Thaworn Senneam, who supervises THAI; Chaiwat Tongkamkoon, permanent secretary for transport; Chayathan Promsorn, chief of the Office of Transport and Traffic Policy and Planning; and Pirapan Salirathavibhaga, a former justice minister.

    Other members will be nominated by the Finance Ministry after the cabinet officially allows it to play a role on the superboard.

    But Mr Uttama said what he is really concerned with at the moment is the ongoing trade of THAI shares on the stock market, whose price has skyrocketed "unusually".


    "I've asked the Stock Exchange of Thailand to look into the issue to find out whether it's normal," Mr Uttama said.

    Thai Airways loses state enterprise status after stake sell-off

  16. #3266
    Thailand Expat
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    Thai Smile will be starting operations again from 1 June, at least from Udon -> Bangkok International, if anyone is interested.

    The alternative is VietJet or going to Don Mueang.

  17. #3267
    Thailand Expat harrybarracuda's Avatar
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    Five years? Everyone will have forgotten about it by then. Which is probably the idea.

    The Central Bankruptcy Court has accepted the Thai Airways International (THAI) case and set the first hearing for August - with the restructuring process expected to take five years.

    The court said on Wednesday the first hearing would start at 9am on Aug 17.

    It ordered its acceptance of the case be announced in at least one daily newspaper at least twice, no more than seven days apart. The court's decision will also be announced online.

    It ordered copies of THAI's bankruptcy process request be sent to its creditors and other parties.

    The court also stated that creditors of THAI could oppose the restructuring process for up to three days prior to the first hearing. After that, the court would consider that creditors agree with the process.

    THAI filed its bankruptcy request with the court on Tuesday, seeking protection to continue business pending debt restructuring and rehabilitation.

    The company has outstanding debts totalling 200 billion baht, 30% of which are owned domestically.

    Deputy Prime Minister Wissanu Krea-ngam said the court’s decision resulted in an automatic stay, preventing the airline's creditors from suing it in Thailand. They could only file debt repayment petitions.

    He said the court would likely take about three months considering the rehabilitation petition. If it agreed with it, it would take another three months to work out a rehabilitation plan that would be then sent to creditors for acknowledgement, and then back to the court for approval.

    “It will take about six months to submit a rehabilitation plan to the court. Then the rehabilitation process will take about five years,” Mr Wissanu said.
    Bankruptcy court accepts THAI case

  18. #3268
    Thailand Expat harrybarracuda's Avatar
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    Gosh, there's a big fucking surprise....

    Ryanair worst airline for flight cancellation refunds, finds Which?
    Ryanair worst airline for flight cancellation refunds, finds Which? | Business | The Guardian

  19. #3269
    Thailand Expat
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    Quote Originally Posted by Troy View Post
    Thai Smile will be starting operations again from 1 June, at least from Udon -> Bangkok International, if anyone is interested.

    The alternative is VietJet or going to Don Mueang.
    They have cancelled the evening flight from Udon but kept the morning one for June. I guess there weren't enough takers to make it worthwhile. Screws me up a tad, difficult to get to airport for morning flight and a 12 hour wait for international flight.

  20. #3270
    Thailand Expat harrybarracuda's Avatar
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    Dubai: Following the UAE Federal Government’s announcement to lift restrictions on transit passengers services, Emirates will offer passenger services to 16 more cities on its Boeing 777-300ER aircraft from June 15. With travel restrictions remaining in place in most countries, customers are reminded to check entry and exit requirements before their journeys.

    Flights to the following cities will be available for booking on emirates.com or via travel agents: Bahrain, Manchester, Zurich, Vienna, Amsterdam, Copenhagen, Dublin, New York JFK, Seoul, Kuala Lumpur, Singapore, Jakarta, Taipei, Hong Kong, Perth and Brisbane.

    In addition, from June 8, Emirates will offer flights from Karachi, Lahore and Islamabad for travellers from Pakistan who wish to connect onwards to other Emirates destinations.

    With this latest announcement, Emirates will be offering flights for passengers on the back of its scheduled cargo operations from Dubai to 29 cities, including existing flights to London Heathrow, Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney, Melbourne and Manila (from 11th June).

    Customers can book to fly between destinations in the Asia Pacific and Europe or the Americas, with a convenient connection in Dubai, as long as they meet travel and immigration entry requirements of their destination country.

    Working closely with the UAE authorities, Emirates continues to take a measured and phased approach to flight resumption and rebuilding connections between Dubai and the world.

    Health and safety first

    Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers.

    Travel restrictions

    Customers are reminded that travel restrictions remain in place, and travellers will only be accepted on flights if they comply with the eligibility and entry criteria requirements of their destination countries. Residents returning to the UAE can check the latest requirements at: Flying you home | Help | Emirates United Arab Emirates

  21. #3271
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    ^useful info thanks. Emirates is one of a handful of airlines offering free changes to your itinerary during C19 measures.

  22. #3272
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    ...add to list of airlines to avoid:

    Airline in Pakistan Crash Saw 52 Safety Incidents in Half Century

    By Faseeh Mangi and Anurag Kotoky
    June 5, 2020, 5:00 AM GMT+7
    https://www.bloomberg.com/asia


    • Pakistan Airbus crash in Karachi killed 97 people last month
    • PIA accumulated $3 billion of losses as of last year


    A security personnel stands beside the wreckage of the plane crash in Karachi on May 24. Photographer: Asif Hassan/AFP via Getty Images

    A deadly Pakistan International Airlines Corp. crash that killed 97 people in May has put a plan to revive the company, which has more accumulated losses than any other publicly-traded carrier in Asia, in jeopardy.

    The state-run airline, known as PIA, had just posted its first gross profit in eight years, was starting to fly again after a two-month nationwide lockdown, was on the verge of reviving a direct route to the U.S., and had proposed revival plans to the government. But the Airbus SE A320 jet crash into a residential neighborhood in Karachi has reignited questions about its viability.

    “It’s possible that PIA becomes the last choice for travelers,” said Khurram Schehzad, chief executive officer at Karachi-based advisory Alpha Beta Core Solutions. “The public sector airline has a bad reputation with timing and service in the past, and this would impact the airlines business even more. Many people would be inclined to fly competition, for now.”

    The malaise at the airline stems from frequent labor strife, changes in leadership -- the airline has had six chief executive officers in five years -- and red tape. That in turn has added to the woes of the carrier, which last reported a net income a decade and a half ago, and has suffered 52 safety-related incidents in the 54 years of its existence, according to data from Aviation Safety Network.

    PIA spokesman Abdullah Hafeez Khan didn’t respond to a request for a comment.

    PIA, and Pakistan’s aviation sector in general, is managed by either generalist bureaucrats, or military officers, or a combination of the two, according to Mosharraf Zaidi, a senior fellow at Islamabad-based think tank, Tabadlab. That leads to a highly bureaucratic and unaccountable system in which plane crashes are only the most extreme manifestation, Zaidi said.

    PIA had accumulated $3 billion of losses as of last year, hurting its ability to take on rivals. Apart from middle-eastern heavyweights such as Emirates Airline and Etihad Airways PJSC, the ailing carrier also faces new local competition in Airblue Ltd., emerging carrier SereneAir and upcoming AirSial Ltd., and is losing market share in the process.

    “A disproportionate number of plane crashes is part of a wider malaise,” said Zaidi. “Without a wider commitment to excellence, to professionalism and to an economic transformation, no one should expect any major changes or improvements.”
    Military Links

    PIA’s current Chief Executive Officer, Arshad Mahmood Malik, is a Vice Chief of Air Staff at the nation’s air force. That’s partly prompted by a tumultuous history -- long-pending plans to sell the airline have seen violent street protests by labor unions fearing layoffs, and political parties in opposition.

    The misery of former Deutsche Lufthansa AG executive Bernd Hildenbrand is a case in point. After Hildenbrand joined as the airline’s first foreign CEO, his salary was immediately leaked to the press. Months later, he was stopped from leaving the country, citing an investigation into a plane-lease contract. Another CEO was locked into the bathroom by union members, according to the Dawn newspaper.

    Even Malik, the current CEO, was suspended for a few months this year by a court following a petition by a labor union leader. He was allowed to resume work only after the state lawyer said Prime Minister Imran Khan believes Malik was indeed the right man to manage the carrier “on ventilator.” The attorney general also assured the court that he will not be called back to the military anytime soon, according to Dawn.

    Lost Glory


    The latest crash -- the worst for PIA since 1992 in terms of fatalities -- comes as demand has been destroyed with countries imposing travel restrictions to check the spread of the coronavirus. The industry is staring at a $314 billion loss in ticket sales this year, with 70% of global capacity idled, according to the International Air Transport Association.

    PIA, which owns the iconic Roosevelt Hotel in Manhattan, is the most likely airline in the world to go bankrupt, according to a Bloomberg News analysis. Airline officials in March presented multiple bailout options to the government, as losses and debt have become too much for the company to handle alone. The airline offered to transfer some debt to the government, conduct a debt-to-equity swap or to issue a long-term bond.

    PIA, which along with neighboring counterpart Air India Ltd. once stood for the emergence of two infant South Asian nations on the world stage following independence from the British in 1947, now has current liabilities of $2 billion -- more than six times the value of its assets. The airline can’t survive without more taxpayer-funded bailouts.

    While Pakistan Air Force legend Nur Khan shepherded the airline through its heyday in the 1960s, the current regime led by a military veteran doesn’t seem to have made any difference to the company’s performance, according to Burzine Waghmar, a member of the Centre for the Study of Pakistan at SOAS University of London.
    “That their presence has not exactly led to turning such public-sector companies around profitably is acutely evident and puts paid the common assumption that the military is more efficient at managing Pakistani institutions than civilians.”
    Majestically enthroned amid the vulgar herd

  23. #3273
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by tomcat View Post
    While Pakistan Air Force legend Nur Khan shepherded the airline through its heyday in the 1960s, the current regime led by a military veteran doesn’t seem to have made any difference to the company’s performance, according to Burzine Waghmar, a member of the Centre for the Study of Pakistan at SOAS University of London.
    “That their presence has not exactly led to turning such public-sector companies around profitably is acutely evident and puts paid the common assumption that the military is more efficient at managing Pakistani institutions than civilians.”
    I don't get the "much difference" bit. No doubt the military are in it both to see what cash they can extract as well as for innumerable freebies for their upper echelons.

    In fact I think there were some rodneys on the flight.

  24. #3274
    Thailand Expat
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    As I posted previously PIA => Perhaps I'll Arrive... Heard that back in the late '80's, would never consider flying with them.

    There are those that choose to fly for the price, those that choose for the food and entertainment...and those that don't give a shit as long as arrival is the most important factor.

  25. #3275
    Thailand Expat harrybarracuda's Avatar
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    The PIA crash has gone strangely silent, although I did read they'd managed to get the data off both the CVR and the FDR.

    I assume that the official report won't say 100% that the pilots fucked it up, even though it's fairly obvious that they did.

    You might even end up with another case of the experts saying what happened and the egotistical Pakistani government/airforce coming up with their own version. It's happened before in other third world countries.

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