Airlines, Airports & Routes Topics about airports, routes and airline business.

Styrain Spirit

Old 24th Mar 2006, 12:36
  #1 (permalink)  
Thread Starter
 
Join Date: Nov 2001
Location: London Whipsnade Wildlife Park
Posts: 5,040
Likes: 0
Received 0 Likes on 0 Posts
Styrian Spirit are bankrupt?

According to this report they are:

http://news.moneycentral.msn.com/pro...324&ID=5594624
Buster the Bear is offline  
Old 24th Mar 2006, 14:17
  #2 (permalink)  
 
Join Date: Jan 2000
Posts: 677
Likes: 0
Received 0 Likes on 0 Posts
Two regionals (Air Wales (ok not totally but certainly out of sched. pax ops) and Styrian) gone in 2 days - coincidence or sign of things to come? Discuss.....
brabazon is offline  
Old 24th Mar 2006, 15:54
  #3 (permalink)  
LUXury is a 13,000 ft runway
 
Join Date: Jan 2004
Location: The Centre of Western Europe
Posts: 162
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Buster the Bear
Yes they are and, unlike Air Wales, they have pulled the plug with immediate effect and pax are stranded. But there are various "special offers" by rival companies (Austrian, Swiss, Air France) for those who are stranded, os so the Website says...
tom de luxe is offline  
Old 24th Mar 2006, 15:58
  #4 (permalink)  
 
Join Date: Dec 2004
Location: Barton Upon Humber
Posts: 1,986
Likes: 0
Received 0 Likes on 0 Posts
Styrian Spirit had codeshare agreements with Air France (CDG routes) and Swiss (ZRH routes)
airhumberside is offline  
Old 24th Mar 2006, 16:23
  #5 (permalink)  
 
Join Date: Feb 2006
Location: Europe
Posts: 280
Likes: 0
Received 0 Likes on 0 Posts
Styrian Spirit stops OPS

As well the Austrian Regional Carrier Styrian Spirit ended up beeing bancrupt.
Newspapers wrote that politicians ****** up a take over. Instead of getting new money a/c and crews are grounded since today. Great - some more pilots on the market....

They had 4 CRJs(3 200, 1 700) and a workforce of 152 employees.
tomuchwork is offline  
Old 24th Mar 2006, 20:10
  #6 (permalink)  
"The INTRODUCER"
 
Join Date: Jun 2001
Location: London
Posts: 437
Received 0 Likes on 0 Posts
Details

Yup, shame but always going to be a tough business case.
Algy is offline  
Old 24th Mar 2006, 20:51
  #7 (permalink)  
 
Join Date: Jun 2002
Location: SE Asia
Posts: 141
Likes: 0
Received 0 Likes on 0 Posts
Is there a list of airline shutdowns failures anywhere? My guess is that it would make horrendous and worrying reading for anyone who works in the industry. Amazing really... what is it that draws us to it like moths to a flame....since in a lot of cases the pay is not great....given the apparent risk in job security terms......
View From The Ground is offline  
Old 25th Mar 2006, 19:34
  #8 (permalink)  
 
Join Date: Dec 2003
Location: Switzerland
Posts: 118
Likes: 0
Received 0 Likes on 0 Posts
I was very surprised when I heard the message. From the outside it looked they're business worked well, they introduced new routes and bought bigger planes (from -200 to -700 and they wanted to aquire a -900) and their growth seemed to be slow & solid.

Sad they left, good service, good staff and a business model, I thought could have worked out...
Voeni is offline  
Old 5th Apr 2006, 03:10
  #9 (permalink)  
 
Join Date: Oct 2000
Location: Australia
Posts: 241
Received 0 Likes on 0 Posts
View from the ground,

What seems to be a fairly complete list is shown here...
Wing Root is offline  
Old 14th May 2006, 00:11
  #10 (permalink)  
 
Join Date: Nov 2004
Location: Europe
Posts: 295
Likes: 0
Received 0 Likes on 0 Posts
Styrain Spirit

I just read that Styrian Spirit (CRJ operator out of Graz) is bankrupt and no longer operating. Is that true? It operated both CRJ 200s and a 700 I believe on a mix of services from Graz and Zurich. I flew into STR recently and didn't see the normal flight that I used to see there but I assumed it was late...

If this is true I am sorry for the crews. Anyone know if they would be picked up by other carriers in the area? Would Lufthansa Cityline pick them up?

I had a good conversation with a crew about 9 months ago and they were very nice and professional. I wish them all luck!
Riker is offline  
Old 14th May 2006, 06:55
  #11 (permalink)  
 
Join Date: Apr 2005
Location: Salzburg
Posts: 106
Likes: 0
Received 0 Likes on 0 Posts
Riker,

affirmative, Styrian Spirit went bankrupt on March 28th 2006 and stopped flying that day.

http://www.styrianspirit.com

Servus, Simon
Austrian Simon is offline  
Old 14th May 2006, 18:57
  #12 (permalink)  
 
Join Date: Jun 2001
Location: at the edge of the alps
Posts: 452
Received 1 Like on 1 Post
Apparently the load factor on some of the newer routes they expanded into was well below 50%.

They got some capital from the state of Carinthia although they were almost bankrupt at the time and would have needed more capital (from more provinces) to continue operations. There was no political will to give that money and no (more) private investment either.

Probably just the wrong business model and aircraft at the wrong time. Very bad for the pilots, who had just elected their first works council. Even worse for those who left Lauda Air and Tyrolean for Styrian.
Alpine Flyer is offline  
Old 14th May 2006, 19:29
  #13 (permalink)  
 
Join Date: Oct 2005
Location: Austria
Posts: 10
Likes: 0
Received 0 Likes on 0 Posts
Angry Dead in the water and floating up side down!

A scandal that was.... Bundesland Kaernten pumped 8 millions Euros into SS... some pilots left VO/Lauda.... without the proper leave time... so not only did the bridge burn up behind them.... so did the job... poor guys...
Alphopper is offline  
Old 15th May 2006, 00:46
  #14 (permalink)  
 
Join Date: Feb 2006
Location: Europe
Posts: 280
Likes: 0
Received 0 Likes on 0 Posts
...and Austrian is happy again. . Now they can continue keeping up the high price politics out of austrian regional airports, in this case especially LOWG.
The reason why Z2 went bancrupt is a good mix of very weak management guys(now they are f***ing around at fly niki), politicians trying to dictate new(and absolutely bad) routes like KLU - LTN or MBX - CDG. Finally as well operations guys like Manager Flight OPS and Head of Training where messing around and stressing flight crew with absolute no leader abilities!

After all there are just loosers - the province of styria(especially graz airport) is missing now a yearly income of around 1,5 million euros, the economy in the wider graz area will for sure not grow(actually newspapers write that new projects will likely start in the provinces of carinthia and salzburg instead of styria).

Maybe people will learn at least something from this lesson -

1. for the crew - never leave a winning team

2. for the next votes the styrian citizen will give the right answer to this
pricks of politicians.

Good luck of course to the non management ex employees of styrian!
tomuchwork is offline  
Old 15th May 2006, 03:02
  #15 (permalink)  
 
Join Date: Nov 2004
Location: Europe
Posts: 295
Likes: 0
Received 0 Likes on 0 Posts
Anyone know if any of the crews have been picked up elsewhere? Any other CRJ operators (would Lufthansa Cityline hire any?) or would they most likely qualify for Easy, Ryanair, Air Berlin, etc.? I am sure the former Styrian crews are very well qualified and I wish them well...
Riker is offline  
Old 15th May 2006, 06:08
  #16 (permalink)  
 
Join Date: Jun 2001
Location: at the edge of the alps
Posts: 452
Received 1 Like on 1 Post
Originally Posted by tomuchwork
...and Austrian is happy again. . Now they can continue keeping up the high price politics out of austrian regional airports, in this case especially LOWG.
Obviously it takes higher fares than those charged by Styrian Spirit to stay profitable. Let's not forget Z2 is the second airline out of GRZ to fail. Fairline failed even sooner using Saabs.

You only get politicians to "dictate" routes if you have to mix with them to get money.

Even politics is poorly advised to take equity in airlines to get routes served. The proper way to get this done in the EU is to issue a public service obligation, a kind of tender to have certain routes flown with certain frequency, equipment, quality, etc. Airlines can then bid for this route and the route is awarded to the airline asking for the lowest subsidy.

What the government of Carinthia did doesn't ensure that the taxpayer gets the connection politics wants at the best possible price.
Alpine Flyer is offline  
Old 15th May 2006, 11:25
  #17 (permalink)  
 
Join Date: Jan 2003
Location: holland
Posts: 26
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Riker
Anyone know if any of the crews have been picked up elsewhere? Any other CRJ operators (would Lufthansa Cityline hire any?) or would they most likely qualify for Easy, Ryanair, Air Berlin, etc.? I am sure the former Styrian crews are very well qualified and I wish them well...
I've heard, that 8 of them are in the selection with VO, those where the ones who already flew for VO some years ago but left for Styrian Spirit.
doglegfinal is offline  
Old 15th May 2006, 11:27
  #18 (permalink)  
 
Join Date: Jun 2001
Location: at the edge of the alps
Posts: 452
Received 1 Like on 1 Post
doglegfinal

They have good chances to be "taken back" if the left the company in a decent way and gave the company the required 6 months prior notice.
Alpine Flyer is offline  
Old 15th May 2006, 13:23
  #19 (permalink)  
 
Join Date: Feb 2006
Location: Europe
Posts: 280
Likes: 0
Received 0 Likes on 0 Posts
1. As far as I know a couple of guys voted not to go to VO selection - they take it as a "last resort" of there is really nothing else to go to. 1 former VO captain is most likely joining them as FO because he absolutely doesn`t want to leave austria. The high quality FOs(there were a couple of them) surely will get a job with cityline or some other good airline.

2. The best example , where politicians are just giving money and not interfering with management(at least not in an so obvious way) is austrian airlines group - the state still keeps his big share(lets wait what will happen if they will sell it one day), helping to get bank credits to keep this airline alive.

Fact is - some airlines do have advantages since Z2 is down, the only loosers are local investors, the province of styria and last but not least the double f***ed Z2 crews.
tomuchwork is offline  
Old 15th May 2006, 19:22
  #20 (permalink)  
Thread Starter
 
Join Date: Nov 2001
Location: London Whipsnade Wildlife Park
Posts: 5,040
Likes: 0
Received 0 Likes on 0 Posts
Grrr

The route to Luton was never advertised widely within the London area, so the passengers that were flying with Ryanair into Graz from Stansted, probably did not know the route had been resurrected albeit from London Luton.
Buster the Bear is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.