-
05-04-2020, 02:17 PM
#16361
Originally Posted by winner69
Wanted to give a credit but after saying no twice and saying rather have the cash they said OK and got in bank 3 days later. London trip for 4 of us so was quite a lot and they weren’t Flexi fares or anything like that.
Wise move W69 - because they are stopping flying to London from October anyhow!
-
05-04-2020, 02:20 PM
#16362
Originally Posted by Sideshow Bob
Wise move W69 - because they are stopping flying to London from October anyhow!
They were through Hong Kong and Singapore code share jobs on a AIR ticket.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
05-04-2020, 02:39 PM
#16363
Originally Posted by winner69
Wanted to give a credit but after saying no twice and saying rather have the cash they said OK and got in bank 3 days later. London trip for 4 of us so was quite a lot and they weren’t Flexi fares or anything like that.
Oh, fair enough, bit bloody cheeky of them to think people will be happy with a credit when you're talking those sort of figures...I'm not sure I'd sleep at night if I knew Air NZ was looking after that kind of money for me...would rather risk it on the shares, almost!
-
05-04-2020, 02:49 PM
#16364
Originally Posted by Lease
Well, that means Government have no intention to nationalize AIR. That's great!
Coronavirus will eventually pass and life will return to normal, so as AIR. May take years but will be, and SP as well.
Inferences were made that if their stake in AIR went up they would take a more proactive hands on role. $900m loan will get converted to equity as sure as night follows day so there's going to be a major cash issue at some stage. How much a major future rights issue might be supported by existing minority shareholders will determine the Govt's ultimate stake but I think its a fair bet that the Govt will have to underwrite the issue. I doubt they will nationalize it but its quite conceivable they could end up with 80% like they did in the last bailout in 2001 or potentially even 90% this time.
They haven't got the capital to last years, maybe not even enough to survive 2020 hence my contention a massive rights issue is a certainty at some stage later this year.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
05-04-2020, 08:19 PM
#16365
Member
Agree Beagle.
I'd say they definitively have not got the cash to last until the end of the year.
The way I see it their international is poked until late 2021, domestic will be 50% for the next year, I reckon they need another 1 billion to get through this, assuming our borders are largely closed the next 1
year.
-
05-04-2020, 08:56 PM
#16366
Member
Are the AIR directors relying on the safe-harbours yet? Only a matter of time. Tick tock. Now is the time for at least half the management (exec, senior, middle) to go (and yes I feel for them, but they'll find roles elsewhere).
-
05-04-2020, 09:07 PM
#16367
Yep, it's time for AIR to do a full reset and become lean and mean. The future has no place for a fat overweight airline, even if they do have a domestic monopoly...it won't last.
A bit off topic, but will be interesting to see if Rolls Royce manage to use this issue to get on top of those shoddy engines. And how old are those new 737 Max planes going to be by the time Boeing clears all of it's stock? What are Airbus and Boeing going to look like out the other side of all this?
-
05-04-2020, 09:15 PM
#16368
One million Chinese students stranded in America wishing to return home, one student saying she paid a travel agency $12,000 for an economy class ticket from Chicago to Xiamen.......... This may be the cost of FUTURE FLYING limited seats and high costs
Old Saying.......... User Pays
-
06-04-2020, 06:39 AM
#16369
Originally Posted by dreamcatcher
One million Chinese students stranded in America wishing to return home, one student saying she paid a travel agency $12,000 for an economy class ticket from Chicago to Xiamen.......... This may be the cost of FUTURE FLYING limited seats and high costs
Old Saying.......... User Pays
Well, that will keep the freedom campers out 👍
-
06-04-2020, 08:28 AM
#16370
Member
Originally Posted by IAK
Well, that will keep the freedom campers out 👍
And the Kiwis in.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks