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Old 22nd Nov 2011, 12:56
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BOAC
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Join Date: Mar 2000
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A gloomy picture

Rather than fretting about why one airline thread is allowed to blossom on R&N while another keeps bouncing into here, we need to look at the big picture. I fear this will not be the last of these events.

Winter is a notorious time in the UK for the finances of those airlines/operators who are in the charter market. It is (amazingly) just over 19 years that the 'guaranteed' bank loan for DanAir's winter 1992/3 was whipped from under them by . .. and over 20 since Air Europe went.

I sadly think we need to be braced for a major cold blast for the whole travel trade this winter. Of course, any 'demise' offers comfort for the survivors, but they themselves are dependent on banks' willingness to extend credit.
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