Firstly, no-one likes to see fellow pilots screwed, it that's what you think you are in the wrong forum, even given the current pressures.
The phrase "denial of their fate" did not refer just to NAS Crews.. Of course no court action would be taking place if the "company had being doing well". Because until now, the company had been behaving iaw the law. But now that they have "abandoned" their crews in Spain as if they didn´t know them, is when that behaviour can be challenged in court. And not before. NAS played a very shady game by galvanising the pilots with the Red Nose Warriors, making them feel part of the mother ship then in a callous and premeditated manner cut them free keeping only the home bases. The Pilots woke up to a nasty smell and then started to think about compensation etc etc. And of course norwegian has assets. And cash as well. How in the world would they be alive otherwise... Norwegian will still need to collaborate closely with a number of creditors as the Company currently has limited revenues.” " In the UK we support the Spanish crews, some are even ex colleagues, but the UK pilots and BALPA realise that the only income the crews will get here is the furlough scheme and that is fading out, leaving hundreds of staff without jobs and just state aid. The SELPA action relies on the premise that the crews were in fact NAS employees and as NAS is still "active" although in a coma, that that they are entitled to the legal severances under Spanish Law. The NAS lawyers have basically said go row your own boat, now it's up to the courts to decide. Lets suppose the court rules in favour of SELPA, the initial transfer of crews was illegal etc etc, and the crews were de facto employees of NAS.. then what? blood from a stone? The fear of upsetting NAS should be banished from the minds of SELPA, stop using phrases like "our beloved company" , is this the same company that squatted on them from a great height? ,encourage other unions to support the cause and make the NAS operation in Spain impossible unless they do the honourable thing and recognise that as a majority shareholder in NAR ES that they were the "controlling mind" and had the associated financial responsibility. Sadly, any victory may be hollow ifs the banks predict, NAS will fold or be taken over, in which case all bets are off. Lastly, apologies to any Spanish crews that though I was getting pleasure from their predicament, this is not the case, I get 2 or 3 emails a day asking about 777 and 787 LPCs and recurrent and my feelings go out to the guys depending on these jobs to pay the bills. Perhaps as a "goodwill" gesture NAS could keep everyone validated FOC? |
Kirks,
It´s SEPLA, not SELPA. if the crew transfer were illegal, they were illegal even if the company had not abandoned anyone The Pilots woke up to a nasty smell and then started to think about compensation etc etc. No, it hasn't got a pot to pi** in, the assets have all been taken over by the shareholders. they simply don't have the funds to pay millions in settlements. What you cannot do in any case is disappear like nothing happened, disconnect your staff from intranet as if they´re no longer your problem, let all their ratings expire and on top of that ask them to reapply for their jobs wishing them good luck for the future. but the UK pilots and BALPA realise that the only income the crews will get here is the furlough scheme https://cimg6.ibsrv.net/gimg/pprune....0faa265a1.jpeg Sadly, any victory may be hollow ifs the banks predict, NAS will fold or be taken over, in which case all bets are off. If NAS folds completely it definitely won´t be because of their crews not doing their job, and I seriously doubt they will collapse at this point. Crews from Spain or anywhere in the network are not looking for the company to go bust. We´re just looking for the company to be responsible and to follow the law. I don´t think it´s so hard to understand and, as you say, the courts will decide. |
It looks like Spain is planning on opening up again to international tourism from July. There is a heavy Scandinavian presence in Spain and the NAS flights from the Nordic countries were always pretty full. I hope Norwegian’s new owners recognise that unless they get their act together soon and wake up from their hibernation, this business will be snatched from under their ‘Red Noses’ or by the time they wake up next spring, all the rich pickings will be gone.
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Yeah, maybe not.
I don't think a whole lot of tourists are willing to hop on a plane to Spain as long as they have 2 weeks of quarantine to look forward to upon return to Scandiland. Do you? |
I imagine that for some people, the life they've adopted during lockdown is pretty indistinguishable from quarantine, so maybe a fair number. No exercise, groceries delivered, WFH.
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From skift article
https://skift.com/2020/05/20/covids-...JbZToktaHWCi5c “Norwegian is Exhibit A for this sort of reset. Pre-crisis, it was already undertaking major reforms, enabling it to escape 2019 alive. Barely. But even its boldest steps left big questions about whether it could ever achieve success. Then the crisis came, and Norwegian was suddenly in a position to access government loan support, subject to extreme reforms. The result: Pain for all stakeholders, but also a “New Norwegian” with a business model much more likely to succeed than anything achievable pre-crisis. It’s now a less complex airline, with vastly lower costs and greater operating flexibility. Before, Norwegian was a broken airline in a world of robust demand. Now demand is much lower, but the airline is much leaner” |
Originally Posted by tprop
(Post 10791592)
Yeah, maybe not.
I don't think a whole lot of tourists are willing to hop on a plane to Spain as long as they have 2 weeks of quarantine to look forward to upon return to Scandiland. Do you? |
Oh the Scandi's will flock alright. And so will the Brits, even if they (because the Scandi's are not) are required to quarantine afterwards. The Dutch will, as will the Belgians, and as soon as the Germans can reapply their summerly claim on Mallorca being the 17th Bundesland, they will bloody well take advantage of it.
Not in the numbers of last year, obviously, but certainly enough to motivate airlines who are quick of foot to get their wares in the airs. But, and you may safely store this for later ridicule shall I be proven wrong, I predict the mother of all rebounds to take place in the North-to-Beach flying business in July, August and September. Keeping your staff on a friendly, if temporarily financial distant, footing would seem like a prudent and business conducive measure. |
Originally Posted by Icelanta
(Post 10791782)
what are you talking about? There will not be any quarantine upon return.
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Norwegian press have had interviews with some of the small time buyers and they are dreaming of the share price again rising to the 300 Nkr it was not long ago, if they just hold out for a few years. Not at all thinking about that that would price Norwegian at 9 times the value of Ryanair.
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The shares currently put out for sale in the market are swept up immediately, almost next to impossible to purchase larger portion of shares at the moment.
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A huge number of Norwegians are extremely supportive of "Norwegian" and extremely worried about a new SAS monopoly.
Might be a reason why small time investors buys shares. Per |
That’s actually quite reassuring to hear.
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No one likes a monopoly! Of course the larger shareholders had no say in the matter..
Many reported share dealings today were sales via investment companies outside of the stock exchange, the analysts are suggesting shareholders hang on but of course some larger shareholders may just want some cash at any price. Selling largish blocks will drive the price down, on the other hand, the available shares may be distributed among more potential holders and prices may rise. Closed down about 9% today. Problem with OFF BOOK trading is no one knows who owns what ! |
Why isn't NAS taking advantage of the freight price and fly the 787 with belly freight with no pax like EVERY airline is doing!?!?
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Then they would have to reemploy people and reengage the millions of agencies they partner with. Such a fragmented and complex approach to employment only works when you have economies of scale.
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This sums it up:"Meanwhile, Norwegian Air Shuttle (OL:NWC), which has only just fended off bankruptcy with a state-backed loan after a series of recapitalizations and debt restructurings, fell 7.4% after its first-quarter results were every bit as bad as feared, including a pretax loss of 3.3 billion kroner ($334 million) and the complete absence of guidance.
Both are still up smartly on the week – SAS stock has gained 14% and Norwegian Air Shuttle stock 45% - but the sharp moves downward underline how the stocks have essentially become a plaything for thrill-seekers rather than a secure long-term investment." What the airline needs is the "asian type" long term investment and not the short term speculative approach the "new shareholders" are taking. New management and focus may see it survive, but head in the sand, and clouds approach coupled with press-ganged investors will surely make it fail. Perhaps the China influence will be a good thing.. |
Originally Posted by jowong1
(Post 10795196)
Why isn't NAS taking advantage of the freight price and fly the 787 with belly freight with no pax like EVERY airline is doing!?!?
Has been looked at , hasn’t found a way to make it profitable |
Both are still up smartly on the week – SAS stock has gained 14% and Norwegian Air Shuttle stock 45% - but the sharp moves downward underline how the stocks have essentially become a plaything for thrill-seekers rather than a secure long-term investment." |
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