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Thread: Airline News

  1. #3626
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by helge View Post
    Robust discussion is allowed, but posters should stay on topic and refrain from personal attacks.


    No

    He hasn't
    Oh fuck off you whiny scandihooligan twat.

  2. #3627
    Thailand Expat harrybarracuda's Avatar
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    Not quite sure why it's doing it in the US... must owe most of its money there I suppose.

    MANILA: Philippine Airlines said on Saturday it was filing for bankruptcy in the United States to slash $2 billion in debt as it tries to survive an industry gutted by the coronavirus pandemic.

    The national carrier of the Philippines said the filing will allow it to restructure contracts and cut debt by at least $2 billion while getting $655 million in fresh capital when it emerges from the Chapter 11 process.

    PAL will also downsize its fleet by 25% and re-negotiate contracts to reduce lease payments.


    "Philippine Airlines will continue business-as-usual operations while finalising the restructuring of our network, fleet and organisation," senior vice president and chief financial officer Nilo Thaddeus Rodriguez said in a video message.


    As part of agreements reached with suppliers, lenders and lessors, Rodriguez said PAL will secure $505 million to execute the recovery plan. The money will later convert into airline equity and long-term debt.


    It will also obtain another $150 million in debt funding after it emerges from the restructuring process "in a few months", Rodriguez said.


    Philippine air travel volume collapsed by 75% from about 30 million passengers in 2019 to 7 million last year due to pandemic restrictions, PAL president Gilbert Santa Maria said in the same video.


    The carrier cancelled more than 80,000 flights, wiping out $2 billion in revenue, and let go of 2,300 employees.


    Its main shareholder injected more than $130 million in emergency liquidity and a non-strategic asset was sold for more than $70 million.

    Santa Maria said PAL now operates 21% of pre-pandemic flights to 70% of its usual destinations.
    Philippine Airlines files for bankruptcy

  3. #3628
    Thailand Expat harrybarracuda's Avatar
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    A documentary about Boeing's flying coffin.


  4. #3629
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    Quote Originally Posted by harrybarracuda View Post
    Not quite sure why it's doing it in the US... must owe most of its money there I suppose.



    Philippine Airlines files for bankruptcy
    It was much nicer than Cebu Air

  5. #3630
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    A legal case about

    Quote Originally Posted by harrybarracuda View Post
    Boeing's flying coffin
    A patsy has been fingered:
    Former Boeing 737 MAX Chief Technical Pilot Indicted for Fraud


    Thursday, October 14, 2021

    "A federal grand jury in the Northern District of Texas returned an indictment today charging a former Chief Technical Pilot for Boeing with deceiving the Federal Aviation Administration’s Aircraft Evaluation Group in connection with their evaluation of Boeing’s 737 MAX airplane, and scheming to defraud Boeing’s U.S. based airline customers to obtain tens of millions of dollars for Boeing.

    According to court documents, Mark A. Forkner, 49, formerly of Washington State and currently of Keller, Texas, allegedly deceived the FAA AEG during the agency’s evaluation and certification of Boeing’s 737 MAX airplane. As alleged in the indictment, Forkner provided the agency with materially false, inaccurate, and incomplete information about a new part of the flight controls for the Boeing 737 MAX called the Maneuvering Characteristics Augmentation System (MCAS).


    Because of his alleged deception, a key document published by the FAA AEG lacked any reference to MCAS. In turn, airplane manuals and pilot-training materials for U.S.-based airlines lacked any reference to MCAS — and Boeing’s U.S.-based airline customers were deprived of important information when making and finalizing their decisions to pay Boeing tens of millions of dollars for 737 MAX airplanes.


    “Forkner allegedly abused his position of trust by intentionally withholding critical information about MCAS during the FAA evaluation and certification of the 737 MAX and from Boeing’s U.S.‑based airline customers,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division. “In doing so, he deprived airlines and pilots from knowing crucial information about an important part of the airplane’s flight controls. Regulators like the FAA serve a vital function to ensure the safety of the flying public. To anyone contemplating criminally impeding a regulator’s function, this indictment makes clear that the Justice Department will pursue the facts and hold you accountable.”


    “In an attempt to save Boeing money, Forkner allegedly withheld critical information from regulators,” said Acting U.S. Attorney Chad E. Meacham for the Northern District of Texas. “His callous choice to mislead the FAA hampered the agency’s ability to protect the flying public and left pilots in the lurch, lacking information about certain 737 MAX flight controls. The Department of Justice will not tolerate fraud – especially in industries where the stakes are so high."

    Continues here:

    Former Boeing 737 MAX Chief Technical Pilot Indicted for Fraud | USAO-NDTX | Department of Justice

    No mention of being advised, to act in this manner, by the Boing Boing board members, yet.
    A tray full of GOLD is not worth a moment in time.

  6. #3631
    Thailand Expat harrybarracuda's Avatar
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    He should be on at least manslaughter charges as well.

  7. #3632
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    Heathrow will be allowed to raise passenger charges by up to 56% under plans announced by the aviation regulator.

    The Civil Aviation Authority (CAA) is consulting on increasing the cap on the west London airport’s price per passenger from £22 last year to between £24.50 and £34.40.

    It is proposing that the exact figure will depend on factors such as passenger demand and commercial revenue, with prices higher if Heathrow continues to struggle in those areas.

    The range is planned to come in effect from summer 2022, with an interim cap of £30 being introduced at the beginning of the year.

    The charges are ultimately paid by passengers as airlines add the cost to the price of tickets.


    Heathrow had called for the cap to range from £32-£43 for the five-year period being consulted on.


    The airport said in July that its losses from the Covid-19 pandemic had hit £2.9 billion.


    Passenger numbers in September were just 38% of pre-pandemic levels.

    CAA chief executive Richard Moriarty said: “While international air travel is still recovering, setting a price control for Heathrow Airport against the backdrop of so much uncertainty means we have had to adapt our approach.

    “Our principal objective is to further the interests of consumers while recognising the challenges the industry has faced throughout the Covid-19 pandemic.


    “These initial proposals seek to protect consumers against unfair charges, and will allow Heathrow to continue to appropriately invest in keeping the airport resilient, efficient and one that provides a good experience for passengers.”


    Earlier this year, the CAA announced that Heathrow would be allowed to raise an additional £300 million from increased charges due to the pandemic.


    The regulator said on Tuesday that it is not planning to adjust this amount.


    Heathrow had asked last year for the total to be set at £2.6 billion.


    Consultations on the interim price cap and the wider proposals will run until November 17 and December 17 respectively.

    Plan to allow Heathrow to raise passenger charges - BelfastTelegraph.co.uk

  8. #3633
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    Makes the proposed "tourist fee" of 300 baht seem like a good deal. So much for the indignation of many posters saying "Only in Thailand"

  9. #3634
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by aging one View Post
    Makes the proposed "tourist fee" of 300 baht seem like a good deal. So much for the indignation of many posters saying "Only in Thailand"
    It's Bt500 and the difference is in the UK we know what it's for and where it goes. It's regulated.

    Don't try and compare that with a big bucket of money slopping around in a Thai trough.

  10. #3635
    Thailand Expat harrybarracuda's Avatar
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    So Air Passenger Duty in the UK is scaled according to distance and class.

    The charge for Economy Long Haul is going up to 91 pounds about Bt4,200.

    Budget 2021: Long haul holidays to get more expensive but Air Passenger Duty is slashed on domestic flights

  11. #3636
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    Thai Airways to sell 42 jets, cut workforce to reduce costs


    Thai Airways International Plc will sell 42 planes and cut nearly a third of its workforce as part of a plan to slim down the fleet and cut costs, the head of its restructuring committee said on Monday.

    The airline, which was in difficulty well before the pandemic struck, is going through a bankruptcy-protected restructuring.

    Piyasvasti Amranand, who is leading the effort, said that the planes being sold are old and not energy efficient. He said 16 jets on lease will be returned.

    After the sale, the airline will have 58 planes across four types.

    Thai Airways has been losing money nearly every year since 2012.


    Mr Piyasvasti said the airline planned to add more flights especially from Europe over the next few months as travel recovers.


    On Monday, the Thai government reopened the country for quarantine-free travel for vaccinated tourists.


    Mr Piyasvasti said that Thai Airways will reduce the number of workers from 21,300 to 14,500 by December 2022.


    To help with cash flow, the airline will conclude a 25 billion baht credit agreement with financial institutions by next year and is in talks with the government for an additional 25 billion baht, he said.


    The airline booked a profit of 11.1 billion baht in the six months ending in June from a loss of 28 billion baht during the corresponding period a year earlier after reducing expenses.

    Thai Airways to sell 42 jets, cut workforce to reduce costs

  12. #3637
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    Quote Originally Posted by harrybarracuda View Post
    The airline booked a profit of 11.1 billion baht in the six months ending in June
    I'm not shooting the messenger but a big profit during the pandemic, how do they pull that rabbit out of the hat ?, the accountants really know how to restructure,

    HOPE WELLS eternal in the land of smoke and mirrors, LOS Land Smirks

    Ministry eyes Hopewell payment delay

  13. #3638
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    BA and Virgin did a simultaneous take off from London to celebrate the reopening of the US.


  14. #3639
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    Quote Originally Posted by david44 View Post
    I'm not shooting the messenger but a big profit during the pandemic, how do they pull that rabbit out of the hat ?, the accountants really know how to restructure,
    Probably by including the potential sales price of the planes . . . wouldn't surprise

  15. #3640
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    Quote Originally Posted by panama hat View Post
    Probably by including the potential sales price of the planes . . . wouldn't surprise
    Sold fixed assets.

  16. #3641
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    Zipair is the first budget airline to fly from Asia to the US

    As tourists finally begin to take to the skies again, a low-cost airline in Japan is set to become the first budget carrier to fly from Asia to North America. Zipair Tokyo Inc announced today that it is launching flight service between Tokyo’s Narita Airport and Los Angeles International Airport in California, the first budget airline to do so.


    Zipair is a subsidiary of Japan Airlines that started flying in the middle of the Covid-19 pandemic last year, apparently faring better than 2 budget airlines that had aimed to launch in Thailand until the pandemic hit. Now Zipair is stretching its wings and launching a Christmas gift for budget travellers. The new flight service will commence on December 25 flying from Japan to the US.

    The low-cost carrier will begin its long-haul expansion by running the Tokyo – Los Angeles route 3 times a week and then intends to evaluate the demand for adding more flights to that route or expanding to fly to other cities on the American West Coast like San Francisco or Seattle for example. The trans-Pacific flight has been in Zipair’s sights since they began operation according to the company’s president.


    “Ever since the introduction of Zipair, one of our key goals was to establish a flight across the Pacific. Our mission is to define a new standard in the air travel industry by offering a unique low-cost business model on long-haul international routes.”


    The flights will utilise Boeing 787-8 aircraft for the Tokyo to Los Angeles route and other international routes. And the flights are keeping their budget promise with one-way ticket prices starting as low as 7,900 baht, which is about 27,500 yen or US $240.


    Zipair is the first budget airline to fly from Asia to the US | Thaiger

  17. #3642
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    Thai AirAsia (TAA) has announced mass layoffs and extended furloughs after struggling with the impact of the pandemic, despite the country's reopening on Nov 1.
    Tassapon Bijleveld, executive chairman of Asia Aviation (AAV), the largest shareholder of TAA, made the announcement to TAA's employees on Wednesday, indicating that the real situation in terms of the aviation outlook remains unstable, prompting the company to reduce its fleet size next year and consequently reduce its workforce to maintain financial stability over the long run.
    "Even though we've negotiated with suppliers and banks to help offload aircraft leasing costs, and we may get additional liquidity after restructuring this month, our balance sheet cannot be strong enough if those expenses still run. We have to permanently cut the fleet for at least two years or until international and domestic flights fully recover," Mr Tassapon said at the internal meeting.
    TAA announced on Monday that its fleet size would be cut from 60 to 54 as revenue from international routes is still limited due to different reopening policies from country to country.
    Mr Tassapon added that the airline had already bottomed out in the third quarter, and it estimated that the domestic market should fully recover by mid-2022, while international flights might gradually return to 20-30% of 2019 levels. The best-case scenario for international routes is that TAA resumes 50% of pre-pandemic scheduled flights by the end of next year.
    "It's hurtful to take such a decision, but it's based on reality which we cannot answer as to when the situation will improve. We have to wait until revenue from international routes comes back and that will depend on the entry regulations of Thailand and overseas destinations," said Mr Tassapon.
    According to the announcement, TAA is deciding on the number of layoffs this week and will announce the list of employees to be laid off by next week. The company is also launching an early retirement programme for those who are willing to leave.
    TAA and six other airlines in the country submitted a proposal to the government in April 2020, asking for soft loans to help sustain jobs for over 20,000 employees following the impact of the first nationwide lockdown in the second quarter of that year.
    They had to wait until the third quarter of this year to get a response from the Export-Import Bank of Thailand (Exim Bank), which has the duty to look after those airlines. However, the financial support each airline receives is different, while a few airlines, including TAA, still haven't received assistance.
    Mr Tassapon said that due to the volatile situation, TAA has to maintain furloughs and pay cuts but will assess the situation every two months and gradually remove the cuts when the financial situation improves.
    In its third-quarter financial results, TAA reported total revenue of 457 million baht and a net loss of 2.09 billion baht. The restructuring plan set to be proposed to shareholders at a meeting on Nov 26 is expected to generate additional funds of 14 billion baht from new investors.

    Thai AirAsia lays off staff amid aviation woes

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