Will Easyjet cancel its Airbus order?
https://www.forbes.com/sites/marisagarcia/2020/03/30/as-easyjet-grounds-fleet-founder-threatens-board-demanding-airbus-order-cancellation/
Is this a new beginning? |
Who would take it instead? FR.
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Originally Posted by jafar
(Post 10733290)
https://www.forbes.com/sites/marisagarcia/2020/03/30/as-easyjet-grounds-fleet-founder-threatens-board-demanding-airbus-order-cancellation/
Is this a new beginning? |
If Stelios was so worried about the future of EJ he could have refused his £60m dividend payout!
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EJ should go back to the board for funds. Then Stelios could give back the 60m
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I would suggest a 4. something billion pound/euro airplane order would be the last thing to be considering if you need to increase short to medium term liquidity.
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EJ will probably give it’s crews an option on an airbus each in lieu of a redundancy payment
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Might not have
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Might not have to cancel if they cut their fleet by 30%
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Originally Posted by Phantom4
(Post 10733595)
Might not have to cancel if they cut their fleet by 30%
There are some bizarre thinking cuts going on surely, this is only temporary and will require plenty of staff and take up from residual recovery speeds. The slots will be eaten up by those that want them and those that will be out of the blocks first will capitalize. Keeping passengers on side is key also. BA and others will be in waiting to take the slots from others that may fall by the wayside. Return preparations should be going on now. Boris didn't want the second runway so if there is less take up, he and others will be happy. Survival of the fittest in more ways than one. |
Originally Posted by DaveReidUK
(Post 10733372)
No, a new beginning would be Stelios resisting the temptation to chuck his weight around.
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Acquiring new aircraft right now would be a act of blind faith.
It will be at least a year until the extent and nature of the sector's recovery is known. |
Originally Posted by jafar
(Post 10733290)
https://www.forbes.com/sites/marisagarcia/2020/03/30/as-easyjet-grounds-fleet-founder-threatens-board-demanding-airbus-order-cancellation/
Is this a new beginning? |
Nothing will start regular flying until a vaccine is widely distributed. Minimum of 2 years. If we are lucky.
In this 2 year period Airbus and Boeing currently plan to deliver 2000 + aircraft. This is not a 9/11 type event. No one will want a new aircraft for several years. No one will be able to afford a new aircraft. :-) |
What exercises my concern is the thought of travelling through an airport and availing myself of the surrounding transport infrastructure only weeks, or months after a major pandemic.
Our next holiday abroad will be next year - I want proof that this is sorted before I sit next to another pax pr queue through Security. |
Originally Posted by sheepless
(Post 10733891)
Nothing will start regular flying until a vaccine is widely distributed. Minimum of 2 years. If we are lucky.
In this 2 year period Airbus and Boeing currently plan to deliver 2000 + aircraft. This is not a 9/11 type event. No one will want a new aircraft for several years. No one will be able to afford a new aircraft. :-) The reality is, as we starting to see in Italy and Spain, the population cannot be quarantined or isolated for 2 years. Life will have to get back to normal before that or we will see a complete breakdown of society. I'm betting on a staged release of the restrictions over the next 6-9 months. |
How is China's airline industry doing these days? Are they slowly returning to business as normal as lockdowns seem to be ending?
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Have a look at flight radar and it looks a lot better than Europe. Depends on load factors but freight demand is high.
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Will every airline cancel most of their orders?
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Interesting 'take' on the situation in the Business section of The Times today.
A strange eruption on Mount Stelios |
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