Professional Pilot Training (includes ground studies)A forum for those on the steep path to that coveted professional licence. Whether studying for the written exams, training for the flight tests or building experience here's where you can hang out.
Still, there are more companies at risk of default and more debt outstanding than in several years, and credit-default swaps may cause continued headaches for credit markets, said John Atkins, a fixed-income analyst at IDEAGlobal.
Going forward "workouts can be much more convoluted," he said. "This doesn't mean things can't go wrong."
Last edited by ChrisLKKB : 21st October 2008 at 23:33.
I don't know if this is common knowledge yet however it seems Monarch are the next airline to reduce pilot numbers, following easyJet's foot steps in letting their newest pilots leave the company. Around 20 guys and girls who came from CTC are being released from the LGW base.
Airline traffic has fallen because of economic slowdown for the first time in 25 years, according to figures from the Association of European Airlines.
Overall traffic fell 1.1% in September, compared with the same month last year, while domestic traffic fell 12.4%.
Since the early 1980s, only the 11 September 2001 attacks, Sars and the Gulf Wars have caused such declines.
With European countries entering recession, traffic cannot be expected to recover quickly, the AEA said.
The association blamed the "toxic" combination of economic slowdown, declining business and consumer confidence, and fuel-driven price inflation for the fall.
Ulrich Schulte-Strathaus, general secretary of the AEA, said: "In terms of response to purely economic stimuli, these figures are the weakest our industry has seen for 25 years."
Cross-border European flights fell 1.1%, while total international flights were down 0.1%.
Alitalia, Italy's national airline that filed for bankruptcy protection in August, saw traffic fall 25%, more than any other carrier.
Spanair was down 21.1% and Icelandair was down 12.8%.
Shutting down VLC is a purely commercial decision, based on exactly what who knows.
Ryanair have anounced four Italian bases in the last month, two of those on Wensday afternoon. More new bases will be anounced in Spring, and there will be airports in Spain that will be happy to takeover where VLC left off.
I think things are quite bad enough as they are. It would probably be more constructive if you post fact, or well supported evidence.
Oh well, looks like no more flying for me for a while..
My usual mount is a shared C182, and the money to pay for the flying comes from profits (if any) made on investments. It's hard to justify the cost of private flying when the capital value of my investments has plummeted by around 40%.
At least, a very kind FTO where I did my IR offered me a relatively cheap rate to fly their FNPT-2 sim, so hopefully my expensively acquired ME/IR skills won't entirely fade away.
Anyone else in the same situation? Not looking for any sympathy, I should have seen this coming.
Yes, but it is bleeding cash - look at page 4 - the only reason for a small cash decrease is the huge gain on financing (probably USD/NOK related for purchases) - there is a NOK 312m loss on operations!
They have had a huge capital injection, and furthermore, they don't disclose any margins at all - seems to me as though they are "buying" market share at poor margins.
seems to me as though they are "buying" market share at poor margins.
Its one of two options. Grab market share on the back of cash reserve and or outside finance, when a couple of competitors withdraw from the routes, or go bust, increase the margin. If the timing is right, they could come out the other end a bigger outfit with less competition and betters margins to pay of the loans.
Option two, is maintain margin and tough it out, being prepared to contract the size of the company as predators capture market share. Trouble is, as load factors drop, so does the profit while you sit and hope the competition have overcooked it and run out of money.
If I was an airline CEO (thank god I'm not), I'd be spending a lot of time hanging around my competitors dustbins, keeping an eye out for the waste paper and discarded computer disks.
Hey guys why waste time reading this thread when we can pick up newspaper or switch on the news, will save us time clicking on all the links in the thread.
Hey guys why waste time reading this thread when we can pick up newspaper or switch on the news, will save us time clicking on all the links in the thread.
Funny you should mention all that mouse clicking. www.dontclick.it has been doing research for a no click web. I have my own web site for my farm and B+B and working on a 'No Click' version for my own purposes. Be interested to see how you cope with no clicks.
The bad news continues..
Economic troubles hit air traffic
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