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Old 3rd Mar 2020, 20:22
  #52 (permalink)  
CurtainTwitcher
 
Join Date: Jul 2014
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If people are not divining the alteration in circumstances, they are fools. COVID-19 / Coronavirus is likely to become a non-insurable event globally within a very short space of time, it has already begun in NZ.


CORONAVIRUS IMPACTS NO LONGER AN INSURABLE TRAVEL EVENT
Insurance agents are reporting that insurance companies now deem coronavirus to be a ‘known event’ globally. Travel insurance purchased after 2 March no longer covers losses or additional costs associated with Covid-19; for example, Medical costs, Cancellation/Delay, Loss of deposits etc. anywhere in the world. Travel insurance still offers cover for other unforeseen events as outlined in individual policies - such as a broken leg, lost baggage or the impacts of a significant weather event.
source A review of things you need to know before you go home on Tuesday; Kāinga Ora changes rates, car sales up,log prices slump, Govt. warns banks, RBA cuts, swaps recover, NZD up, & more

Expect leisure travel demand to be in freefall. Likely timeframe? 18 months to 2 years.

NZ is considering implementing a travel restrictions from Australia. Coronavirus: PM did not rule out trans-Tasman travel restrictions as first person-to-person transmission in Australia

If people haven't already put two and two together, the Aviation industry is facing a far larger crisis than 9-11, SARS and the GFC combined. I have no doubt that within months of a yes vote, AIPA will be sitting down at the table to work out how to manage pilot numbers to keep everyone with some income until we move to the next phase after the initial wave has passed around the globe.

A no vote at this point? A new entity for the A350 and an invitation to go to FWA and ask for the agreement to be terminated under the cloak of the virus. You may wish to google Aurizon 2015 case, there is a precedent for FWA to unilaterally cancel an expired agreement at an employers request.

Even though Alan has won this round through a combination of rat cunning and rank opportunism , it will still be a pyrrhic victory, he probably won't be able to save his bonus. Hard rain is coming to the industry, even for Alan.

Prepare and vote accordingly.


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