Originally Posted by
zen krempie
The article says that this information comes from anonymous sources in the Baltics. Sounds like they are trying to spread information to convince people to buy some shares in the IPO. Why Lufthansa to invest in a company with more than half a billion on debt and current losses? They will go immediately bankrupt if creditors will demand it, or if European Commission decides that they shouldn't have taken state money, like Malev case. Many other articles are circulating for years that Lufthansa is buying TAP and Air Europa. Lufthansa is buying healthy competitors like ita and not companies with debts many times their value.
If the conditions were nice, AB wouldn't have to open to ICAO pilots. The only EASA companies that accept ICAO pilots are the ones in the Baltics. What's going on there?
Sorry to say, but these companies who are fishing pilots from third countries, better go out off business cause of bankruptcy rather cause of an accident
They ain't fooling anyone, Latvians consider wiser to invest their money in the casino, rather in the IPO. The second half will have larger losses than the first one, last months were full of long delays and cancelations. Mostly due to A220 engine issues and Carpatair Fokkers that AB leased
AB joined the rest of the Baltic
circuses airlines who hire ICAO pilots for some years now. I am afraid that this trend might expand to other EU companies thanks to EASA and local authorities. There are a lot of operators out there who prefer to have cheap labor who doesn't complain for the poor conditions. Airplanes these days fly themselves, why to pay a spoiled European and give him days off?