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Excel Airways

Old 2nd Sep 2008, 16:46
  #361 (permalink)  
 
Join Date: Oct 2004
Location: Costa del Yorkshire by the sea
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XL are dropping the Caribean just for the winter to increase flights to Orlando.
The 330 currently at Manch will be wet leased to Finnair for the winter so the Caribean 76 will fill that gap.

Same thread/topic running in T&E

HFS
holyflurkingschmitt is offline  
Old 2nd Sep 2008, 17:00
  #362 (permalink)  
 
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Have also heard that bmi are making approaches on XL...
Count von Altibar is offline  
Old 2nd Sep 2008, 18:29
  #363 (permalink)  
 
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They could do with a 'Better' Management team that's for sure.

XL are not the 'sharpest in the droor'
BYALPHAINDIA is offline  
Old 2nd Sep 2008, 18:45
  #364 (permalink)  

PPRuNe Secret Agent!



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'sharpest in the droor'
Err...ahem!


If that was a joke, sorry I missed it! 2nd glass of Rioja!
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Old 2nd Sep 2008, 20:58
  #365 (permalink)  
 
Join Date: Mar 2003
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Can anybody confirm a link between XL and the Canadian group Sunwings? I heard that Sunwings operate some of the XL flights etc? Just that i have a mate who is a sunwings FO and was wondering how this might affect them?
Finals19 is offline  
Old 3rd Sep 2008, 01:20
  #366 (permalink)  
 
Join Date: Oct 2004
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Thumbs up

XL operate Sunwing flights through the winter In Canada with 738's (wet leased aircraft), hopefully with the re-financing going through, it will be the same as last year !!!

HFS
holyflurkingschmitt is offline  
Old 3rd Sep 2008, 09:27
  #367 (permalink)  
 
Join Date: Jan 2004
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It was rumoured earlier in this year that easyJet where looking at excel airways for it's slots. Rumour is (!) if easyjet get more than 25% of LGW slots they get the north terminal.
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Old 3rd Sep 2008, 09:38
  #368 (permalink)  
 
Join Date: Jul 2007
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Quick business lesson required here please. Why would bmi be interested in XL? Completely different business model, completely different fleet of aeroplanes etc etc. Suely that's just a massive headache that bmi could do without at the moment?
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Old 3rd Sep 2008, 10:37
  #369 (permalink)  
 
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It would be intresting to see bmi have XL, I highly doubt it, I mean, if they did, the 737's would go to bmibaby? Can you imagen a bmibaby colours on a B739 and time soon, dont really think so... However they have A332 on order, which bmi want, well, they did
OliWW is offline  
Old 3rd Sep 2008, 20:19
  #370 (permalink)  
 
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Have heard that BMI are interested in moving their Manchester Carribbean work to lgw , maybe that is where that comes in !
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Old 3rd Sep 2008, 20:44
  #371 (permalink)  
 
Join Date: Aug 2007
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XLA286/7 To Kefalonia

Heyy I am travelling of this flight on Sunday ? Does anybody know what type of aircraft oparates this flight ?

Cheers
Matty1990 is offline  
Old 3rd Sep 2008, 20:48
  #372 (permalink)  
 
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I would guess either a 738 or a 739ER, most likely the latter as it seems to be making the longer routes.
MUFC_fan is offline  
Old 4th Sep 2008, 15:38
  #373 (permalink)  
 
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XLA286 MAN-EFL ops on a B739, currently due to be G-XLAR this Sunday.
Aliens62 is offline  
Old 8th Sep 2008, 13:50
  #374 (permalink)  
 
Join Date: Jul 2007
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Question

Anyone heard how they got on with their restructuring last week...hopefully "no news is good news"
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Old 8th Sep 2008, 16:44
  #375 (permalink)  
 
Join Date: Apr 2008
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My contacts in/around Gatwick tell me not very well, but I am not sure how to interpret that.
Skywalker4551 is offline  
Old 8th Sep 2008, 19:16
  #376 (permalink)  
 
Join Date: Oct 2003
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Interpret it thus:
Would your contacts be the usual gossip around the ramp or low level employees speculating? Otherwise would you care to share with us their bonafides.
Even some fd have got no news and so create their own just be popular and in the know. Sad [email protected] 24 hrs later that spurts from the mouth of a ground worker as fact. Disgraceful.
There is no new news as yet. Anything else is gossip.
Everyone from cleaners to caterers to uncle tom cobbley.
All of which are not privvy to the details.

When there is news good or bad it will be promulgated. Until then find something better to do than alarm people.

Last edited by wee one; 8th Sep 2008 at 21:37.
wee one is offline  
Old 10th Sep 2008, 11:54
  #377 (permalink)  
 
Join Date: Jul 2006
Location: Sussex
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Latest Update from Eimskip

News

10.09.08
XL Leisure Group’s refinancing not ensured

- Investors now in place to assume XL loan obligation if required-
As previously announced, Hf. Eimskipafelag Islands (“Eimskip”) (OMX: HFEIM) guaranteed a loan as part of its divestment of XL Leisure Group in 2006. According to information from XL, a process of refinancing is underway at that company. Without making any assumptions in relation to the process, the Board of Eimskip wishes to underline that, given the conditions in the European aviation market and information about the operation of XL, the likelihood that the loan guarantee will fall on Eimskip has increased.

Investors to join Eimskip

In the event that Eimskip is required to make payments under its XL loan guarantee, a group of significant investors led by Bjorgolfur Gudmundsson and Bjorgolfur Thor Bjorgolfsson will assume any potential obligation of Eimskip and delay its payment.Furthermore, it is expected that any such claim will subordinate to other claims on Eimskip. Through these actions, the impact of the loan guarantee would be limited on Eimskip’s operation. The total amount of the loan guarantee is EUR 207 million.

Gylfi Sigfússon, CEO of Eimskip:

“A successful refinancing of XL is an important goal in our aim of removing the potential impact of previously-made loan guarantees against Eimskip’s balance sheet and we hope, of course, that the XL refinancing will be completed successfully.However, at the same time we also want to point out that as with any such transaction there is no certainty and it may prove to be more difficult than expected. Even in such circumstances there is now a mechanism in place for significant, well-respected investors to then assume the loan obligation, which the Board of Eimskip believes is very positive.
As we have previuosly announced, Eimskip’s long-term goal is to bring our equity ratio to over 25%. To achieve this goal, we are working on several internal projects in order to lower Eimskip’s debt and strenghten its equity ratio.”

Eimskip - XL Leisure Group?s refinancing not ensured
bnhs89 is offline  
Old 10th Sep 2008, 13:32
  #378 (permalink)  
 
Join Date: Jul 2004
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ATI- Air Transport Intelligence

Icelandic transport and logistics firm Eimskipafelag Islands (Eimskip) is warning that there is an increasing possibility that it will have to meet loan obligations for travel company XL Leisure Group.
mary_hinge is offline  
Old 10th Sep 2008, 16:35
  #379 (permalink)  
 
Join Date: Jan 2008
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Another link here:

Internet Travel News - XL survival hopes boosted by Icelandic financiers
Finn47 is offline  
Old 10th Sep 2008, 19:13
  #380 (permalink)  
 
Join Date: Jul 2004
Location: Under a Log
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Same news, 180 degrees seperation on what is being said:

Fannie and Freddie bolster Iceland stock exchange | IceNews - Daily News

The OMX Iceland 15 rose by 1.35 percent with all but one listed company increasing in price.
The sole exception was the shipping company, Eimskip, which saw a drop of 16.5 percent amid investor fears that the company’s sale of XL Leisure Group would not complete successfully and that the company would be left responsible for a EUR 141 million (USD 200 million) loan.
mary_hinge is offline  

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