International Consolidat... Share Discussion Threads

[waikenchan] 15/3/2020 17:28

This is begging to have the beginnings of 1929 markets crashes. Share bought with leverage, record high asset prices / debt levels. Won't be long till we see people jumping from buildings after losing their wealth.

[jailbird] 15/3/2020 17:23

Smartie,

You want an independent Brexit Britain

The chancellor is borrowing 600b to invest in the economy

Current economical growth about to fall and Cos begin to fail.

Consequence - massive unemployment and no tax revenues from corporates and businesses or working ppl.

They have to bailout Cos to keep workforce in jobs

[montyhedge] 15/3/2020 17:19

SAS also said 90% of staff to be suspended.

[loganair] 15/3/2020 17:11

BREAKING Scandinavian Airlines to suspend all flight operations:


Due to the coronavirus and the measures implemented by national authorities, the demand for air travel is essentially non-existent. SAS has therefore decided to put most of its operations on hold, starting Monday March 16 and until necessary prerequisites for commercial air traffic returns.

To support our customers, we will in the next few days do our utmost to uphold a certain level of operation to enable travelers to return from their destinations.

[hamhamham1] 15/3/2020 17:11

Well, anyway, we are all in a right pickle for a while.
I looked up that German company you mentioned, even if their vaccine works and is fast tracked it's over a year away according to that article..

[m1k3y1] 15/3/2020 17:08

Routesonline
British Airways 17MAR20 – 16APR20 US Inventory update as of 0600GMT 15MAR20

[m1k3y1] 15/3/2020 17:05

You may be right Ham.........
I met him once, he is not the same person he portrays when interviewed.
No longer the peoples entrepreneur...if he ever was.

[smartie6] 15/3/2020 16:53

Stop with your own self interests. Let this go to the wall. It deserves to with years of mismanagement, doesn’t it?
More importantly where’s the humanity. Now 35 dead and all you and the government are interested in is protecting your own wealth and pension pots.

[hernando2] 15/3/2020 16:52

In the main bank bondholders were bailed out, there was a huge row about senior and junior debt and the Govt paid up.

They may have changed the rules for bonds following that, i haven't kept up, i am sure bondholders will want compensated, that's why they buy bonds.

Administration would be the answer i think.

[waikenchan] 15/3/2020 16:51

If you were going to bail one airline out it would be IAG.

[hamhamham1] 15/3/2020 16:49

Didn't Branso sue the gov when he lost a bid for a health care contract?

[loganair] 15/3/2020 16:12

airBaltic grounded from 17th March - In order to serve a large number of passengers willing to travel to and from Riga before international air traffic is suspended to Latvia on March 17, airBaltic has added additional flights on March 16.

Following the already announced staff reductions, airBaltic will in the upcoming days be in continued discussions with our staff and unions on details, how the new situation will affect the employment and future of our employees.

[m1k3y1] 15/3/2020 16:05

This was back in December
Branson Drops Air France Deal to Keep Control of Virgin Atlantic


No wonder he is screaming for help.

[sr2day] 15/3/2020 15:58

Richard Branson commercial space travel project on the back burner.Virgin should not be bailed. payback time.

[waikenchan] 15/3/2020 15:45

It going to get bailed out when the share price has crashed. Looks at banks for example - bailed out only when shareholders have have lost their savings etc.

Do you think the govt want to be seen helping share and bond holders? Absolutely not!

[loganair] 15/3/2020 15:29

Germany will close its borders with France, Austria and Switzerland from Monday, according to the German newspaper Bild.

Closing of the border was not only to contain the Covid-19 epidemic but also to prevent panic bulk purchases by foreigners which was apparently causing supply problems in areas around the borders.

[m1k3y1] 15/3/2020 14:46

Logan.... maybe but they have never really made a profit.

[loganair] 15/3/2020 14:45

m1 - One of my favourite airlines to fly with is Alitalia. I have often flown with them from Spain to the UK via Rome or Milan.

[loganair] 15/3/2020 14:43

Morocco has suspended all international passenger flights to and from its airports as a protective measure against the spread of coronavirus, the foreign ministry said.

[loganair] 15/3/2020 14:36

The Italian government is close to taking full control of Alitalia.

The government would take control of both Alitalia’s aviation and land operations through a public vehicle, the report said, adding the plan would be implemented “in a short time”.

Daily La Repubblica to day said Rome was planning an immediate intervention in favour of the air transport industry worth 500 million euros followed by other measures worth 3 billion euros, which would help nationalize Alitalia.

[loganair] 15/3/2020 14:29

Jet2 Suspends Flights Between UK And France.

[m1k3y1] 15/3/2020 14:20

well, the sooner all of this is dealt with the better.
A tough, speedy response, rather than a slow, drawn out approach.