Tag: bankruptcy
Has Air France made a pact with the devil?
The French and Dutch governments have saved Air France and KLM, as have almost all governments, in different proportions, for their national airlines. A happy ending concluded rather promptly at the beginning of the crisis which allowed to reassure...
Airlines: will the last become the first?
The airlines are experiencing a shock of rare violence. For some the shock is over (i.e. they have secured their medium-term financial future), for others not (they are looking for funding which they may or may not find) but...
Lufthansa refuses state aid…for now
While negotiations between Lufthansa and the German State, after having dragged on, finally came to a conclusion before yesterday, the airline has finally announced that it needed to think before accepting.
The problem does not seem to come from the...
Why talks between Lufthansa and the German government are dragging on
While Air France-KLM has quickly concluded a financial support plan from the French government and the same is expected from the Dutch government in the near future, things seem to be dragging on at Lufthansa, whose discussions with the...
Air France, a real-fake rescue? Myths and facts
The news came last week: the State announced its rescue plan for Air France, one of the first airlines to see the light of the COVID-19 storm.
Indeed, even if it will only take place in a few weeks, the...
Will the COVID-19 be the death of low-cost airlines?
The fact that a major crisis will hit the airline industry in 2020/2021 was something expected but not really for the reasons we know today. We were expecting a sectoral crisis of overcapacity and not a global health crisis,...
COVID-19 cancellations and commercial measures. What options for airlines?
Following the different measures taken to stop the spread of COVID-19, the airlines are facing a wave of cancellations never seen before. At first it was due to customers who were afraid to travel or were "banned" from certain...
Will States save airlines?
No need to explain much: airlines are in bad shape. In very bad shape. Some have already closed down and others are on the verge of doing so.
Some examples?
Flybe to start with. Not necessarily a good example, though....
Alitalia in the crosshairs of the European Union ….
The European Union has decided to investigate the 400 million euros loan granted to Alitalia by the Italian state.
A state is not formally prohibited from lending money to an airline as long as it is on the same...