Donate Bitcoin

Donate Paypal

PeakOil is You

PeakOil is You

Airline Bankruptcy / Merger / Layoffs Pt. 2

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Airline Bankruptcy / Merger / Layoffs Pt. 2

Unread postby Outcast_Searcher » Sun 08 Aug 2021, 11:53:01

Newfie wrote:New normal. Something has changed in the psyche.

New normal as long as the virus persists at a dangerous level and traveling is more of a hassle and risk.

Given how few people (under 10%, STILL, despite what's happening) I see paying ANY attention to the CDC and WHO public indoor space mask recommendations (employees OR customers), I'm actually surprised airlines aren't getting more back to normal.

Maybe people are willing to take X risk in their everyday lives, but not 10X (or whatever) from flying?

The good news is that as long as it lasts, it's a net positive for AGW. The bad news is that it appears that not only is Covid-19 a long term "thing", but with the variants, it's a long term IN OUR FACE thing, which will interfere with the quality of life, whether anti-vaxxers, etc. wake up to that or not.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
User avatar
Posts: 9832
Joined: Sat 27 Jun 2009, 21:26:42
Location: Central KY

Re: Airline Bankruptcy / Merger / Layoffs Pt. 2

Unread postby JuanP » Sun 05 Sep 2021, 19:04:09

"Italy’s Biggest Airline Ends Its Operations From October 15 Due to Financial & Coronavirus Crisis"

“Alitalia is terminating its activity due to the lack of investment. In addition, the company was put under public administration in 2017, while the pandemic situation worsened the situation even more.”

"Philippine Airlines files for bankruptcy" ... bankruptcy

"Philippine Airlines, Asia’s oldest carrier, has filed for Chapter 11 bankruptcy in the United States to pursue a lender-backed restructuring plan…"

"The Airline Failures and Bankruptcies So Far in the Pandemic" ... -pandemic/

"The bankruptcy filing Friday by Philippine Airlines is the latest aviation casualty of the pandemic.

Skift has compiled a list below to show you the extent of the damage. Certainly, some airlines chose the cover of the pandemic to decide to cease operations, or restructure, even though financial challenges existed long before the world knew what Covid was.

The $74 billion in aid delivered to U.S. airlines clearly helped those carriers escape their worst fates, but the threats remain deep into the pandemic as the spread and fear of the Delta variant slowed air travel in late summer and perhaps into early fall."

Flybe (UK) Files for Bankruptcy 3/2020
Trans States (U.S.) Ceased Operations 4/2020
Compass (U.S.) Ceased Operations 4/2020
CityJet (Ireland) Files for Bankruptcy 4/2020
Virgin Australia Files for Bankruptcy 4/2020
Air Mauritius Files for Bankruptcy 4/2020
Avianca (Colombia) Files for Bankruptcy 5/2020
Thai Airways Files for Bankruptcy 9/2020
TAME (Ecuador) Liquidation 5/2020
LATAM (Chile) Files for Bankruptcy 5/2020
SunExpress (Deutschland) Announces Ceasing Operations 6/2020
One Airlines (Chile) Ceased Operations 6/2020
NokScoot (Thailand) Ceases Operations 6/2020
LIAT (Antigua) Ceases Operations 6/2020
Jet Time (Denmark) Files for Bankruptcy 7/2020
Virgin Atlantic (UK) Files for Bankruptcy 8/2020
AirAsia (Japan) Ceases Operations 10/2020
Cathay Dragon (Hong Kong) Ceases Operations 10/2020
Ravn Air (U.S.) Files for Bankruptcy 10/2020
Norwegian Air Files for Bankruptcy 11/2020
InterJet (Mexico) Files for Bankruptcy 4/2021
Philippine Airlines Files for Bankruptcy 9/2021
"Only Americans can hurt America." Dwight D. Eisenhower
"We have met the enemy and he is us." Pogo
Heavy Crude
Heavy Crude
Posts: 1587
Joined: Sat 16 Aug 2014, 15:06:32

Re: Airline Bankruptcy / Merger / Layoffs Thread (merged)

Unread postby Subjectivist » Wed 22 Sep 2021, 15:17:59

Tanada wrote:Island Air Bankruptcy, regional Hawaiian airline.


In a surprise twist to the Island Air bankruptcy case, the trustee overseeing the liquidation filed a last-minute motion this morning disclosing that Hawaiian Airlines’ parent company has agreed to purchase the operating certificate and other assets of the failed company for $750,000.

Hawaiian Holdings Inc. said it would buy the operating certificate for $450,000 and immediately provide cash advances to pay for Chapter 7 administrative expenses. Hawaiian said it would buy other assets, such as ground-service equipment, furniture and frequent-flier lists, for $300,000.

Bankruptcy Judge Robert Faris said he was prepared to grant the motion to dismiss the case until the trustee came through with the surprise buyer. Faris gave preliminary approval to the sale. A hearing on the sale is set for Jan. 5.

Hawaiian spokesman Alex Da Silva said the decision to buy the operating certificate was a way to bring in-house the company’s turboprop airline, ‘Ohana by Hawaiian, rather than outsource the contract as it is now to Idaho-based Empire Airlines.

Da Silva said the state’s largest carrier formed a new wholly-owned subsidiary, Elliott Street Holdings, to purchase the stock of Island Air and assume ownership of Island Air’s Federal Aviation Administration operating certificate as well as other assets. ‘Ohana by Hawaiian, which launched service in March 2014 and now has three 48-seat ATR-42s, flies between Honolulu and Molokai, Honolulu and Lanai, Kahului and Kona, Kahului and Molokai, Kahului and Hilo and Lanai and Molokai.

“If approved, the sale will allow ‘Ohana by Hawaiian to assume oversight of operations currently provided under contract by Empire Airlines,” Da Silva said. “Those operations would include the hiring of pilots, flights attendants, and customer service and maintenance crews (who now are all Empire employees). We believe that assuming the FAA certificate will greatly benefit our guests by improving the efficiency and reliability of ‘Ohana by Hawaiian.”

If the sale is approved, then the trustee’s attorney, Simon Klevansky, said he would reconvert the case to a Chapter 11 reorganization bankruptcy and Hawaiian would buy new shares of what essentially would be a shell company.

Klevansky said the trustee is still working on trying to enable the more than 400 Island Air employees to gain access to their 401(k) retirement accounts.

Island Air filed for Chapter 11 bankruptcy on Oct. 16 and ceased operations on Nov. 10. It converted the case to Chapter 7 on Nov. 15.

Hawaiian Air Assets Sold

This seems like the most logical place for this news.

Guy Noris wrote:Regional Turboprops Offer Growth For Bevy Of Technologies | Aviation Week Network

Credit: GE Aviation

For its future turboprop engines, GE Aviation may ultimately combine technologies evaluated in its RISE Open Fan program—jointly conducted with CFM partner Safran—with hybrid-electric capabilities also under development. An early example of this technology included a 2016 demonstration of a megawatt-class, high-power-density and high-efficiency electrical motor/generator driving an 11-ft.-dia. propeller on a test stand at the company’s Peebles Test Operation in Ohio.

Representing an early opportunity for the application of lower emissions hybrid-electric and fuel-cell propulsion systems, the regional turboprop market is now the focus for a growing number of innovative technology programs. Some operators and manufacturers are signing up for conversions of turboprops to hydrogen-electric power trains, while others are waiting to see results from several hybrid-electric turboprop demonstrator programs now getting underway.

Guy is a Senior Editor for Aviation Week, based in Colorado Springs. Before joining Aviation Week in 2007, Guy was with Flight International, first as technical editor based in the U.K. and most recently as U.S. West Coast editor. Before joining Flight, he was London correspondent for Interavia, part of Jane's Information Group.
II Chronicles 7:14 if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.
User avatar
Light Sweet Crude
Light Sweet Crude
Posts: 4667
Joined: Sat 28 Aug 2010, 07:38:26
Location: Northwest Ohio


Return to Peak Oil Discussion

Who is online

Users browsing this forum: No registered users and 18 guests