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Old 20th Jul 2020, 08:43
  #17 (permalink)  
Kirks gusset
 
Join Date: Nov 2002
Location: Dublin
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Like every other player they want to get going, we all take this a read, the issue with NAS is CASH.. or rather lack of it.
All services are trimmed to the bone, debts have been converted to shares, leases to PBH and contracts will be basically flexible paid only when needed, there is no more cost cutting that can be done and the "Rescue plan" agreed that reserves would be built up to allow a proper re-start when funds and demand were available, that was the deal, not before.
Now, once again, they are aggressively trying to prove a point at the same time under tremendous pressures with court cases for unpaid catering, wages in Spain, and lately refunds :
https://www.newsinenglish.no/2020/07...issue-refunds/
Wouldn't it be much better to put the house in order first and start on a stable footing? lessors aren't bothered about seeing returns, they are resigned to the facts that they lost $500 Million and won't see anything in profit until 2026. What attraction is a PBH contract if you get impounded abroad.
As for "competition" for US markets! what competition? no one wants to fly to the Corona Capital of the world and Gatwick forecasts it will be 2024 before traffic returns to pre-covid levels.
Again, no one wants to see associates on the dole, on the other hand with "Recovery" we want a proper route, not some propaganda exercise.
Kirks gusset is offline