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UK government says no industry-wide bailout for aviation

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UK government says no industry-wide bailout for aviation

Old 1st Apr 2020, 12:31
  #141 (permalink)  
 
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Originally Posted by ORAC
Because many are pension schemes with massive deficits and a marginally profitable airline on the side. Start a new airline and you eliminated one of the major costs.
Maybe if the virus took out a significant number of pensioners in said schemes then the deficits would be much reduced, don'tcha think so?
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Old 1st Apr 2020, 13:35
  #142 (permalink)  
 
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https://news.sky.com/story/coronavir...ilout-11966892

Will be interesting to hear WW & MOL reaction to this.
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Old 1st Apr 2020, 13:50
  #143 (permalink)  
 
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Getting Airbus, RR and LHR to write pleading letters on their behalf - sounds like panic mode for Virgin
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Old 1st Apr 2020, 15:40
  #144 (permalink)  
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IAG

Originally Posted by clipstone1
LTN MAN - if your argument is to be followed, the UK Government should not bail out BA, the Spanish government should?
So you are saying IAG is a Spainish company??
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Old 1st Apr 2020, 16:16
  #145 (permalink)  
 
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Originally Posted by 77
So you are saying IAG is a Spainish company??
Yes, it is.
It is a company with Registered Office in Madrid, quoted on the London Stock Exchange and the Madrid Stock Exchange. The Head Office is in London.

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Old 1st Apr 2020, 18:25
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Originally Posted by nicolai
Yes, it is.
It is a company with Registered Office in Madrid, quoted on the London Stock Exchange and the Madrid Stock Exchange. The Head Office is in London.
Glencore has its registered office in Jersey. I’ve been there to have a look, it’s a PO Box. Are Glencore (the biggest mining and commodities corporation in the world as understand it) a Jersey company? No they absolutely are not.
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Old 1st Apr 2020, 18:51
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Getting Airbus, RR and LHR to write pleading letters on their behalf - sounds like panic mode for Virgin
Especially, as they themselves have refused to comment!
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Old 1st Apr 2020, 20:58
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Originally Posted by RexBanner
Glencore has its registered office in Jersey. I’ve been there to have a look, it’s a PO Box. Are Glencore (the biggest mining and commodities corporation in the world as understand it) a Jersey company? No they absolutely are not.
Errrmmm yes they are. An analogy for example, an aircraft complies with the rules of it's state of registry and follows the rules of the airspace it flies through and jurisdictions it flies to. No different to any other business that operates internationally. If you have a problem with that then it's back to the stone age for us all with definately no air travel!
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Old 1st Apr 2020, 21:23
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......oh and isolating ourselves from our colleagues in Govts across Europe who want a collaborative approach).... .
I have to say that EU govts don't appear too collaborative at present.
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Old 1st Apr 2020, 23:15
  #150 (permalink)  
 
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Originally Posted by Private jet
Errrmmm yes they are. An analogy for example, an aircraft complies with the rules of it's state of registry and follows the rules of the airspace it flies through and jurisdictions it flies to. No different to any other business that operates internationally. If you have a problem with that then it's back to the stone age for us all with definately no air travel!
So they’ve got a PO Box in Jersey for tax purposes, no footprint in terms of staff and no operational nerve centre there whatsoever, just a PO Box, it’s in name only. You genuinely believe they’re really a Jersey company? Good one. Keep them coming.
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Old 2nd Apr 2020, 12:39
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Originally Posted by Jim59
Not being part of the CAT industry I can understand why air transport might be at the bottom of the support list. Without passenger air transport irresponsibly carrying the virus to virtually every corner of this planet in a remarkably short period of time we would not have this pandemic that is causing so much harm to the rest of the economy - not to mention those who unfortunately have not recovered or will not in the future. APT to/from affected areas should have ceased right at the start. It didn't due to greed.
Quite right, third time too, it was the commercial air carriers during Spanish Flu and the Black Death.
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Old 2nd Apr 2020, 22:17
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UK’’s alleged Patient Zero was a GP who flew back into the UK...via a brief stop over with friends who got infected. So that must be at least two flights.

And the UK was flying into Northern Italy during the worsening crisis. Incredible. Still, hindsight I guess.
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Old 2nd Apr 2020, 22:35
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Originally Posted by covec
UKs alleged Patient Zero was a GP who flew back into the UK...via a brief stop over with friends who got infected. So that must be at least two flights.

And the UK was flying into Northern Italy during the worsening crisis. Incredible. Still, hindsight I guess.
It is similar to blaming TV shows and computer games for the violence on the streets. I see what you mean, but I believe you can not blame the medium (ie: the airline) in this situation. The issue here is the irresponsible passenger. That "doctor" knew very well the consequences of his/her actions. I know, people still booked holidays/trips after the WHO declared it pandemic. Because it is now all about "me-me-me", not because they just wanted to keep the airlines liquid.
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Old 3rd Apr 2020, 08:32
  #154 (permalink)  
 
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That is the problem when you have fully open borders. Notice Singapore have installed temperature sensing equipment at entry points, so they can check each arrival's body temp. Airport operators, airlines and Governments together are going to have to come up with some solutions to prevent this happening again. Take a look how a Sky journalist re-entered China, hoping to go to Beijing and ended in some location away from there in a 14 day lockdown and checked many times by people in full Hazmat gear! Now if China is doing that to prevent people bringing the virus back in to their country, then they must know much more about it than what they have released to the rest of the world. As for the World Health Organisation, less said just another agency without "many teeth".
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Old 3rd Apr 2020, 09:50
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Originally Posted by RexBanner
So they’ve got a PO Box in Jersey for tax purposes, no footprint in terms of staff and no operational nerve centre there whatsoever, just a PO Box, it’s in name only. You genuinely believe they’re really a Jersey company? Good one. Keep them coming.
A company on the companies register in Jersey is a Jersey registered company. What part of that do you not understand? A company that operates in several jurisdictions has to be registered somewhere and where they choose is a matter between them and the country concerned, be it for tax advantages, operational advantages or anything else. There's a very well known reason for not debating with people like you.....so I won't
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Old 3rd Apr 2020, 11:08
  #156 (permalink)  
 
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Odd, isn't it?
A completely unimportant event (in terms of the essential overall economic health of the country) like Wimbledon gets an immediate 100M (today's papers) yet aviation is more or less told to look after itself.
What a peculiar sense of priorities!
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Old 3rd Apr 2020, 11:38
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Originally Posted by meleagertoo
Odd, isn't it?
A completely unimportant event (in terms of the essential overall economic health of the country) like Wimbledon gets an immediate 100M (today's papers) yet aviation is more or less told to look after itself.
What a peculiar sense of priorities!
Wimbledon were insured
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Old 3rd Apr 2020, 16:41
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Originally Posted by RoyHudd
Once this is over, the dictators in Dubai, Abu Dhabi and Qatar will attempt to dominate the world premium air travel market. Subsidised. They will be making plans now..
Not at current oil prices they won't....
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Old 3rd Apr 2020, 16:52
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Originally Posted by ajwajw
jeez, how short sighted are you torvalds. When a company goes bust it usually leaves huge unpaid creditors, so you are happy that every supplier to these airlines goes bust as well. So short sighted and righteous
And a whole lot of unemployed people who are consuming less, paying less tax and drawing benefits. There are several "layers" of indirect consequences.
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Old 3rd Apr 2020, 18:18
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Originally Posted by Private jet
A company on the companies register in Jersey is a Jersey registered company. What part of that do you not understand?
I understand that perfectly well thanks, it’s clear that most would be able to see the argument that I was making. People have suggested that BA have no right to be bailed out by the U.K. taxpayer because the holding company that holds the shares is registered in Spain and by implication that it isn’t a British airline. That’s essentially a technicality in a situation like this, the airline is operationally a U.K. airline, it contributes enormously to U.K. coffers through paying corporation tax and employing tens of thousands of U.K. based employees who carry the British flag to all corners of the globe. I very much doubt that if push came to shove and there was a rescue package needed it would be denied because IAG (the holding company) is registered in Spain. Anyway if you want to throw your toys out the pram and storm off because someone disagrees with you on what constitutes nationality then fine, it’s clear that it’s a pretty pointless debate anyway.
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