LOCO´s
Is that the same OLT who wants to buy the stricken Contactair in Germany?
One of the first European Loco structured Operator was Debonair with F50´s and got bitten in Oct. 1999. About the time when RYR was due to implement the NG´s. Easyjet was rising on the horizon......
Many traditional Airline Managers underestimated the effect that LOCO has. Counteracted too late and now market forces are demanding the toll.
There are not too many real LOCO structured operations out. Some name themselves that way and just offer low fares to compete but are not lean on the fixed costs, they will follow that path.
The glory times in many industries are down the drain, Aviation is just one of them. It is hypocrisy, global warming, CO2 emmission, enviornmental protection = needed but the general public does not care, they just travel, the cheaper the better. Who pays the price later? who cares.....majority not.
It cannot be healthy for any Gross National Product to search for the bottom target. That price is huge, the cheaper the better.