Air Berlin filing for bankruptcy?
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From: TOF
http://www.telegraph.co.uk/news/worl...g-airline.html
AUA-Verkauf besiegelt: Kranich soll Flügel verleihen « DiePresse.com
Last edited by Machrihanish; 15th October 2017 at 10:56.
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From: S 51 N
How about we all stick to original theme of this thread : Air Berlin filing for bancruptcy ??
Fact is Air Berlin went bancrupt afer all these many years of losses.
Fact is the German Government took its responsibilities for its Citizens - AB Passenger - serious and enabled a well coordinated repatriation for those abroad.
Fact is the KFW credit of 150 mio Euro will be payed back from the payment of 220 mio Euro LH layed on the table for "aircraft".
So very different from that Monarch case no tax money wasted.
I tend to bet that in a month or two no "better knowing" and even more the public will waste a word on the case.
Fact is Air Berlin went bancrupt afer all these many years of losses.
Fact is the German Government took its responsibilities for its Citizens - AB Passenger - serious and enabled a well coordinated repatriation for those abroad.
Fact is the KFW credit of 150 mio Euro will be payed back from the payment of 220 mio Euro LH layed on the table for "aircraft".
So very different from that Monarch case no tax money wasted.
I tend to bet that in a month or two no "better knowing" and even more the public will waste a word on the case.
Joined: Sep 2017
Aviation Qualifications: Non-Aircrew
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From: Bremen
- "The German cartel office said it expected the European Commission to take a close look at the deal."
- "Ryanair (RYA.I) CEO Michael O‘Leary has called it a “stitch-up”, saying it would give Lufthansa a 95 percent share of the German domestic market."
- "Lufthansa has said it has a market share of 34 percent on routes to and from Germany, while Air Berlin had 14 percent. With the takeover of parts of Air Berlin that will remain below 48 percent, which Lufthansa says is equivalent to Ryanair’s market share in Ireland."
I think it's much ado about nothing.
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From: TOF
I wonder how pprune would have responded if monarch had been given a government loan and then the public informed that a committee would deal with the sale to the highest bidder. On the committee would be british airways and british airways end up buying all the good bits at a very good price...
As was BeeMed.
As was Midland.
Thank heavens.
... making dearly needy Qatar happy with ATOL money.
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From: TOF
... which, as a system, is bleeding time and again at tax payers' expense.
So the expectable boost in rail fares will free up tax money for infrastructure refurbishing, which seems a better investment than domestic flight from no less packed airports at giveaway fares.
But, yeah, ol' Eary has been wanting Air Berlin so badly for so many years now.
So the expectable boost in rail fares will free up tax money for infrastructure refurbishing, which seems a better investment than domestic flight from no less packed airports at giveaway fares.
But, yeah, ol' Eary has been wanting Air Berlin so badly for so many years now.
Last edited by Machrihanish; 15th October 2017 at 16:28.
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From: Confoederatio Helvetica
Time and again we have seen that in relatively low populated countries two or more airlines are financially unsustainable.
Only in the US, with its significant market size, do we see a plurality of (relatively) successful airlines
In an industry with a $10 per passenger profit, in good years, this shouln’t be a surprise.
If you want to make a small fortune in this business, you need to start with a large one.
Only in the US, with its significant market size, do we see a plurality of (relatively) successful airlines
In an industry with a $10 per passenger profit, in good years, this shouln’t be a surprise.
If you want to make a small fortune in this business, you need to start with a large one.
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From: TOF
Heck, from the German side, Air Berlin was meant to be a German Virgin or easyjet, but they never found the people to do it. Deutsche Bank was a driving force in the glueing together of smaller German airlines, one of which former British Airways'-IGS-successor Deutsche BA a.k.a. flydba, and IPOing that vehicle. The masters of da universe had spoken, which led former chairman of the LH supervisory board Weber to eliminate Deutsche Bank's seat in said board.
Now the modu's taxi drivers have spoken.
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From: Isla Grande
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From: XFW, Germany
Last longhaul flight landing in DUS with a special pilot feat..
https://www.youtube.com/watch?v=N78rajMN0Mo
as seen from ATC https://m.facebook.com/thomas.einwag...02720496416451
https://www.youtube.com/watch?v=N78rajMN0Mo
as seen from ATC https://m.facebook.com/thomas.einwag...02720496416451
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From: Hyeres, France
The Cooler King
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From: Europe
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From: very close to STN!!
Investigation?
You must be joking?
A little roll back and forth? What is the problem?
Live a little!
What has aviation downgraded to?
A little roll back and forth? What is the problem?
Live a little!
What has aviation downgraded to?
Last edited by stator vane; 18th October 2017 at 16:01. Reason: addition
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From: 🇬🇧🇪🇸
Pax are paying for a safe flight from A to B, not unwilling participants in a flyby. These guys should be hang, drawn and quartered. Don’t bother applying for a job at my Airline either, we don’t want you.