Aero Lloyd ceasing operations (merged)

[EDDNHopper]

Was surprised to learn from the news this morning that Aero Lloyd is bankrupt and ceased all operations today. Any views or comments from insiders? Thanks.
EDDNHopper

[Doodles]

Apparantly so according to all the press

[evolante]

Quite a big fleet of aircraft. Looks like some are owned by Aero Lloyd:-

Model MSN Owner
A320-232 D0565 ILFC
A320-232 D0575 BAVARIA INTL AIRCRAFT LEASING
A320-232 D0580 BOULLIOUN AVIATION SERVICES
A320-232 D0659 MERLAN MANAGEMENT
A320-232 D0661 ILFC
A320-232 D0667 ILFC
A320-232 D0990 SINGAPORE A/C LSG ENTERPRISE
A320-232 D1459 AERO LLOYD FLUG
A320-232 D1935 BOULLIOUN AVIATION SERVICES
A320-232 D1996 SINGAPORE A/C LSG ENTERPRISE
A321-231 G0787 ILFC
A321-231 G0792 SINGAPORE A/C LSG ENTERPRISE
A321-231 G0954 ILFC
A321-231 G1004 ILFC
A321-231 G1195 AERO LLOYD FLUG
A321-231 G1199 ILFC
A321-231 G1218 ILFC
A321-231 G1408 AERO LLOYD FLUG
A321-231 G1421 ILFC
A321-231 G1438 AERO LLOYD FLUG
A321-231 G1487 AERO LLOYD FLUG

Question:- Under German Bankruptcy Law, am I right in saying that the owners and lessors cant go anywhere near the assets (bit like US Ch 11) until the airline has had a chance to try to restructure??
:confused:

[Man Flex]

I think easyJet have just found the answer as to where they will find 300 qualified airbus pilots!

Sorry, that does sound a bit insensitive. I truly hope that all employees with Aero Lloyd are treated well and find secure employment elsewhere.

[N1005C]

Just saw a brief report on German tv 2DF, mainly info and advice for stranded pax. 1 page info (in German) on www.aerolloyd.de

[Kerosene Kraut]

Looks like a very sudden change in their bank's and main owner's strategy to me.

[malandro]

In Eurpean press today Aerolloyd, German charter outfit with 12.5% of market, carrying 3.5million pax per year have declared themselves bust. Another bad news story - sorry guys, know the feeling, been there done that.....

[JKP505]

Sad news, I remember when I was a kid, which wasn't that long ago, maybe 17 years ago, I was on my hols in Crete waiting to go home. A plane landed at HER which I thought was Concorde, it was, as I learned about two years later an MD83 operated by Aero Lloyd!

So is this definately the end of the airline? No going back? It's come a bit out of the blue, as nothing has been mentioned in the rags about their situation. In fact, I haven't heard about the airline for a couple of years, good or bad, or plans. Well, maybe the silence said it all...

Who does this leave in Germany on the charter market? Condor, Hapag-Lloyd, Germania, Air Berlin and LTU can't think of any others at the minute. Another thing which makes it so surprising is that Germany has had a relatively low in/output of LCCs, if a charter airline was going to fail, I would have expected maybe Spain, Italy or the U.K.

[Doug the Head]

I´m wondering if they there will be an Aero Lloyd part 2, just like Air Holland (part 2 and 3) or AirLib(erté).

Or if they will pull the plug completely and let LTU, Condor/Thomas Cook Air Berlin and Hapag Lloyd pick up the crumbs?

[kinsman]

Very sad to hear this news.

The German tour operators and airlines are in a mess at the moment rumours abound about TUI. Not a happy time.

Good luck guys hope you find a soft landing.

[charterguy]

BBC has this: -

German charter airline Aero Lloyd.
The now-insolvent carrier is 66%-owned by BayernLB, the Bavarian state bank.

But on Thursday the bank said it would no longer underwrite Aero Lloyd.

Passengers booked through travel agencies would have to be re-booked onto other airlines, Aero Lloyd said, while those it had booked itself would have to make their own arrangements.

Stuck

Of the 8,500 customers which Aero Lloyd said were left stranded by its decision to cease operations at 0400 GMT on Thursday, 4,000 were waiting at German airports.

Another 4,500 are stuck in foreign countries, including about 1,000 booked through Thomas Cook on holidays in Greece and Egypt.

Thomas Cook said it was seeking alternative flights to get its customers home, while German travel group TUI said it was working with its other partners to make alternative arrangements for its 1,300 stranded customers.

Aero Lloyd, which was founded in 1981 and has 1,400 staff, flew to 60 destinations in 13 countries using a fleet of 20 Airbus aircraft.

BayernLB took a stake in the company in 1987, and had been underwriting a restructuring.

But that plan has now been rejected, Aero Lloyd said.

"Despite an extensive three-year redevelopment and restructuring concept from the new Aero Lloyd management... BayernLB has now decided not to take the necessary capital measures to stabilise AeroLloyd's balance situation," the airline said in a statement.

[LVL CHG]

Perhaps some of the Aero Lloyd pilots could find jobs at V-Brid or GermanWings.

Good luck to all involved!

[Hackhackwhosthere?]

Have just heard from a colleague of mine that Easyjet are planning to give presentations at the Sheraton Hotel in Frankfurt Airport on Tuesday 21 October - next week.

Presumably they are looking to attract some of the ex Aero Lloyd pilots to join their fleet of expanding Airbuses.

They have ordered 120 A319s and have ambitious expansion plans in Europe - rumours are that their next two crew bases will be in continental Europe and they will be full of Airbuses.

Looks like this could be good news for some Airbus rated pilots in Germany today!

The timing of the event is not certain, but believed to be from 1000L through to 1600L. Easyjet are sending over some of their key recruiters for the event so they must mean business.

Tom.

[EDDNHopper]

German press have it this afternoon that the liquidator for Aero Lloyd aims at "resuming operations as quickly as possible".
Allegedly fleet is to be downsized by "5 to 6 aircraft".

Anybody here to verify?

[Spuds McKenzie]

Yep, read that too in DER SPIEGEL.
And it looks like the Bayerische Landesbank is getting the flak for its actions.
Apparently they've pulled the plug without even informing Aero LLoyd management.