Please log in or register. Registered visitors get fewer ads.
Forum index | Previous Thread | Next thread
More on Air Asia 18:06 - Oct 20 with 1742 viewsMickB

FT ran a long piece today on Tony Fernandes travails. Basically his operating companies are very overstretched. Too much debt and too many shiny new planes not earning their keep. So they are trying to raise new debt and to shrink, which at the moment can mean closing down operations rather than selling them. They doubt it will collapse but expect it to emerge as a very much smaller & poorer company.
2
More on Air Asia on 23:03 - Oct 20 with 1447 viewsdavman

Surviving has to be the benchmark for these airlines. There will be a demand and a market for their services when (if) we get back to 'normal'. Companies that merely exist at that turning point will be able to grow once more extremely quickly. BUT, can they hold on until that day; that's the question for all industries, not just airlines.

Cinemas, Bowling Alleys, Gyms, Leisure Centres, the entirety of shop based retail, restaurants, pubs, social clubs, cruise ships, travel companies, trainlines, bus companies, hairdressers, salons, massage parlours (still a job, chaps...), lap dancing clubs, markets - you name it and its just a case of hanging in there.

Also the suppliers for those aircraft Air Asia and others have sitting there. The planes aren't being used, so no new orders for Boeing / Airbus / General Electric / Rolls Royce. Their supply base for all the hydraulic systems, control systems, wings, undercarriages, wheels, computers, cockpit instrumentation will also dry up. How on earth are they gonna keep going?

Gonna be a tough winter and spring for many.

At least QPR will cheer us all up, won't they?

Can we go out yet?
Poll: What would you take for Willock if a bid comes this month?

2
About Us Contact Us Terms & Conditions Privacy Cookies Advertising
© FansNetwork 2024