flee 5 Report post Posted March 24, 2020 SIA will need government aid to survive impact of Covid-19, say analysts Read more at https://www.todayonline.com/singapore/covid-19-sia-will-need-government-aid-survive-covid-19-outbreak-say-analysts Share this post Link to post Share on other sites
flee 5 Report post Posted March 24, 2020 With financially sound airlines like SIA needing govt. aid, what about financial basket cases like MAG? Should the Malaysian govt. save it or let it go? Several months ago, MAVCOM concluded that we have overcapacity in the Malaysian market. Surely, it would be foolish for the govt. to help all the airlines without some very strict and painful terms and conditions. There is no point helping them if all they do is burn the money competing against one another. How can the govt. solve this conundrum? Interesting to see what MoT/MoF/MITI intends to recommend and what the cabinet decides... Share this post Link to post Share on other sites
flee 5 Report post Posted March 24, 2020 Special flight to bring back M'sians from Bangladesh scheduled tomorrow https://www.nst.com.my/news/nation/2020/03/577713/special-flight-bring-back-msians-bangladesh-scheduled-tomorrow Share this post Link to post Share on other sites
KK Lee 5 Report post Posted March 24, 2020 45 minutes ago, flee said: With financially sound airlines like SIA needing govt. aid, what about financial basket cases like MAG? Should the Malaysian govt. save it or let it go? Several months ago, MAVCOM concluded that we have overcapacity in the Malaysian market. Surely, it would be foolish for the govt. to help all the airlines without some very strict and painful terms and conditions. There is no point helping them if all they do is burn the money competing against one another. How can the govt. solve this conundrum? Interesting to see what MoT/MoF/MITI intends to recommend and what the cabinet decides... As MAS has no chance to recover in next few years, believe the country could make do wth AK and OD. If these two airlines become duopoly and expensive, gomen could always issue new AOC. Share this post Link to post Share on other sites
flee 5 Report post Posted March 24, 2020 Qantas will operate A380 direct flights between Australia and London https://www.airlive.net/starting-tomorrow-qantas-will-operate-a380-direct-flights-between-australia-and-london/ Share this post Link to post Share on other sites
flee 5 Report post Posted March 24, 2020 Parking pain: Airlines, airports hunt for storage space as pandemic idles planes https://www.reuters.com/article/us-health-coronavirus-airlines-parking/parking-pain-airlines-airports-hunt-for-storage-space-as-pandemic-idles-planes-idUSKBN21B0EP Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 25, 2020 Not sure if MH KUL-LHR flight will skyrocket soon but I do expect it to happen anytime from now. British tourists in Malaysia ordered to return home KUALA LUMPUR: All British nationals currently in Malaysia for holiday have been advised to return to the United Kingdom following an increased nationwide effort to curb the spread of Covid-19. British High Commissioner to Malaysia Charles Hay, in a Facebook video post today, said the holidaying British nationals should do so as soon as possible. “We strongly recommend that all British Nationals visiting Malaysia should return to the UK now, while commercial routes are still available. https://www.nst.com.my/news/nation/2020/03/577839/british-tourists-malaysia-ordered-return-home Share this post Link to post Share on other sites
jahur 0 Report post Posted March 25, 2020 (edited) Movement restriction order extended to april 14. Edited March 25, 2020 by jahur Share this post Link to post Share on other sites
flee 5 Report post Posted March 25, 2020 No extra help for airlines, chancellor says The UK chancellor has told airlines to find other forms of funding and not turn first to the government for help getting through the coronavirus crisis. Demand for tickets has collapsed forcing companies to ground aircraft. Aviation bosses have been lobbying the government for a targeted aid package to stop firms going under as a result of the slump in demand. But in a letter on Tuesday Rishi Sunak said the government would only step in as "a last resort". Mr Sunak instead urged airlines to try and raise money from shareholders. https://www.bbc.com/news/business-52027342 Share this post Link to post Share on other sites
flee 5 Report post Posted March 25, 2020 I think that the UK chancellor is operating on sound business principles. Can't always be profit kept by owners and cronies, losses borne by taxpayers (via government bailouts). If they have not got enough finance, they should downsize or close shop! Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 (edited) AirAsia X 9M-XXP A330-343E is now on Italy ground to rescue Malaysians home. Departed yesterday 25th March 2020 4:30am https://www.flightradar24.com/data/aircraft/9m-xxp Edited March 26, 2020 by JuliusWong Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 Meanwhile AirAsia Malaysia is mounting several flight to rescue stranded Malaysians despite the current total lockdown in India. https://www.thestar.com.my/news/nation/2020/03/26/stranded-malaysian-just-wants-to-return-home Share this post Link to post Share on other sites
jahur 0 Report post Posted March 26, 2020 16 hours ago, flee said: I think that the UK chancellor is operating on sound business principles. Can't always be profit kept by owners and cronies, losses borne by taxpayers (via government bailouts). If they have not got enough finance, they should downsize or close shop! Folks get retrenched. Peoples flight get screwed hurr durrr and you wonder why UK has not impose a proper movement or lockdown restriction. People still cramping in trains and people going to work. My cousin working in a private chiropractic which should not be essential services is now asked to work as usual. People heading out without knowing if their job is essential or not cause the gov wont pay a nickle to keep them at home and their high tax rate meant nothing all these while. For the airline industry even private, low cost and flag carriers in usa and china and Me3 are now getting rescued now with gov injections. If all airlines are closed how are they going keep people moving around and the economy running and you have a legion of workers ranging from engineering, itc, frontline, hospitality servicing all from multiple ecosystem now without jobs. You're recommending them to change profession and leave their passion job? Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 Sam Chui has published an article on worldwide fleet grounding. https://samchui.com/2020/03/26/covid-19-grounded-airplanes-photography/#.XnwsWIgzZpk Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 Virgin Australia has grounded 80% of their Group flight, and stood down 8,000 staff. Out of these 1000 includes Tigerair Australia's 220 pilots. At the same time, it would increase domestic capacity reductions from 50 to 90 per cent. It was intending to permanently close its New Zealand cabin crew and pilot base, and its Tigerair Melbourne pilot base. https://australianaviation.com.au/2020/03/1000-stood-down-virgin-staff-likely-to-be-made-redundant/ An emotional farewell by New Zealand-based cabin supervisor Cassy during her last flight yesterday: https://australianaviation.com.au/2020/03/watch-virgin-cabin-crew-cassys-emotional-farewell-speech/ Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 Due to COVID lockdown, RB has temporarily suspended its RB Link routes, both ATR 72 9M-LGC and 9M-LGD returned to Subang Airport yesterday 25th March 2020. https://www.flightradar24.com/data/aircraft/9m-lgc https://www.flightradar24.com/data/aircraft/9m-lgd Share this post Link to post Share on other sites
flee 5 Report post Posted March 26, 2020 (edited) 4 hours ago, jahur said: Folks get retrenched. Peoples flight get screwed hurr durrr and you wonder why UK has not impose a proper movement or lockdown restriction. People still cramping in trains and people going to work. My cousin working in a private chiropractic which should not be essential services is now asked to work as usual. People heading out without knowing if their job is essential or not cause the gov wont pay a nickle to keep them at home and their high tax rate meant nothing all these while. For the airline industry even private, low cost and flag carriers in usa and china and Me3 are now getting rescued now with gov injections. If all airlines are closed how are they going keep people moving around and the economy running and you have a legion of workers ranging from engineering, itc, frontline, hospitality servicing all from multiple ecosystem now without jobs. You're recommending them to change profession and leave their passion job? Many people are also criticising Boeing for asking the US govt. to bail them out. In good times, they are only pleasing the directors/shareholders and screwing suppliers and customers. Now, in bad times they are asking taxpayers to bail them out? I think that there must be a balance - the aviation industry isn't the only one that is hurting. Everywhere else, we see the same thing happening. Governments are having to choose what bailouts that need to be given. In the UK, the NHS is the critical one and the govt needs to pump in funds to keep them moving. Other people will just need to get in line and wait! I don't think that aviation is a big priority in the UK for bailouts as there are more critical places for taxpayers to pump their money in. Flybe has been allowed to collapse - so I am sceptical if any other UK airline is any different from Flybe in terms of deserving taxpayers' money. Edited March 26, 2020 by flee Share this post Link to post Share on other sites
flee 5 Report post Posted March 26, 2020 225 Malaysians arrive at KLIA from Bangladesh https://www.malaymail.com/news/malaysia/2020/03/26/225-malaysians-arrive-at-klia-from-bangladesh/1850459 Share this post Link to post Share on other sites
jahur 0 Report post Posted March 26, 2020 1 hour ago, flee said: Many people are also criticising Boeing for asking the US govt. to bail them out. In good times, they are only pleasing the directors/shareholders and screwing suppliers and customers. Now, in bad times they are asking taxpayers to bail them out? I think that there must be a balance - the aviation industry isn't the only one that is hurting. Everywhere else, we see the same thing happening. Governments are having to choose what bailouts that need to be given. Again you are calling out on big corporations. How about employees and production workers wellbeing? Might as well callout to China for cashing out ACR Hna group and CRH when state funds could be diverted into important needs no? I think China made more sense than to dispose off 50k worth of workers. Free market my ass. Share this post Link to post Share on other sites
flee 5 Report post Posted March 26, 2020 Singapore mini Budget measures: Quote ❖ Aviation Sector • Enhanced Jobs Support Scheme for businesses whose activities are based principally in the aviation sector, with a total of 75% wage offset, capped at a monthly wage of $4,600 • $350m Enhanced Aviation Support Package to provide cost relief for airlines, ground handlers and the cargo industry, as well as to maintain a minimum level of connectivity ❖ Tourism Sector • Enhanced Jobs Support Scheme for hotels, travel agencies, tourist attractions, cruise terminals and operators, and Meetings, Incentives, Conferences, Exhibitions (MICE) venue operators, with a total of 75% wage offset, capped at a monthly wage of $4,600 • $90m for tourism recovery efforts to help the sector rebound strongly when the time is right Share this post Link to post Share on other sites
flee 5 Report post Posted March 26, 2020 2 hours ago, jahur said: Again you are calling out on big corporations. How about employees and production workers wellbeing? Might as well callout to China for cashing out ACR Hna group and CRH when state funds could be diverted into important needs no? I think China made more sense than to dispose off 50k worth of workers. Free market my ass. I was just talking about the industry and using some companies as illustrations/examples. Aviation is both a capital and labour intensive industry. It is highly regulated. It is not something that private enterprise alone can handle. Companies like Boeing cannot just tell the govt. to piss off in good times and come begging for bailouts in bad times. As for employees, they will know that they are working in a world that is cyclical and there will be good times and bad times. So good personal financial management should be practiced. Most of us know that the cycle of boom and bust takes place approximately every 10-15 years. So it would be good financial planning to spend according to your means, not over borrow, and set aside something for a rainy day. China is different because their business models are different and have different objectives to fulfill - so they will make decisions based on their agenda. Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 4 hours ago, flee said: 225 Malaysians arrive at KLIA from Bangladesh https://www.malaymail.com/news/malaysia/2020/03/26/225-malaysians-arrive-at-klia-from-bangladesh/1850459 Flight was done by A330-233 9M-MTZ. https://www.flightradar24.com/data/aircraft/9m-mtz Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 26, 2020 AirAsia grounds most of its fleet due to Covid-19 (VIDEO) KUALA LUMPUR, March 26 — Low-cost carrier AirAsia Group has announced it is temporarily ‘hibernating’ most of its 255-strong fleet across its network, in light of the ongoing Covid-19 pandemic worldwide. The ‘hibernation’ is also applicable to long-haul budget carrier AirAsia X, and all affected guests have been immediately notified via email and SMS. https://www.malaymail.com/news/malaysia/2020/03/26/airasia-grounds-most-of-its-fleet-due-to-covid-19-video/1850526 Share this post Link to post Share on other sites
flee 5 Report post Posted March 26, 2020 Donated medical supplies from Jack Ma, Alibaba Foundations arrive in M'sia https://www.thestar.com.my/news/nation/2020/03/26/covid-19-donated-medical-supplies-from-jack-ma-alibaba-foundations-arrive-in-m039sia Share this post Link to post Share on other sites
flee 5 Report post Posted March 26, 2020 Temporary Hibernation of AirAsia Group Fleet https://newsroom.airasia.com/news/temporary-hibernation-of-airasia-group-fleet Share this post Link to post Share on other sites