Airlines in a Crisis

SAS went out to 200 potential investors and all but a small handfull turned them down. They where eventually grouped into 2 constellations and the one chosen consisted of one airline with no money and pretty much no profit plus a couple of financiers offering loans on bad terms.  One day it could come out that the only ones ponying up actual cash for refinancing SAS is the danish state, that was investing no matter who else was in the buying group. That percentage of the upfront cash should leave the danes feeling very shortchanged when it comes to what they get in percentage of ownership. The problems with the consortium chosen came to the surface pretty much on day 1 when they wanted 3 million to flow the wrong way for SAS.  Anybody that asks for 3 million to consider coffing up 5 billion is as unserious as it gets. The actual buying airline Air France KLM comes up with no cash and the rest of the winning bidders group are just loan givers on generous terms for themselves. O...

He didn't after all manage to save SAS as SAS. Instead he sold out to Air France KLM, possibly in hope of a top position in his home country Holland.  I suggested already before he was hired that SAS needed a Scandinavian to be saved because only a local would understand SAS within the Scandinavian market and just as importantly be comitted to save it as SAS and not just a disappearing part of a bigger concern. But few in Sweden and nobody in Norway saw the value of a dedicated airline competitor in the Scandinavian market. Norway have now this year alone lost 3 of its 4 independent airlines. And the ticket prices have skyrocketed accordingly. A few low cost airlines in and south of Oslo is not going to solve that problem. And with a slow moving and bureaucratic Avinor tht think the solution for lost income is piling even more taxes onto prices, has obviously never learned the business basics about how increasing prices reduces demand and therebye income at a certain stage of the c...

How many airline have ben supportive as governments around the world have tried to handle a worldwide pandemic crisis. Today KLM tried to force the retraction of the dutch governments demand of negative tests even for crew by threatening to stop all it's Transcontinental and even european flying that would demand a crew layover to not risk that a crewmember with a postitive test was left behind. A behaviour more akin to O'Leary trying to change tax hikes by dropping all routes from certain airports than a national airline having the word Royal in its name. Even coming with stories how they have to stop trans-shipping vaccines to countries in South America with tremendous Covid19 problems. Apart from the sudden concern over crew, that was lacking before, can't see why KLM couldn't operate flights with double, or treble or quarduple or whatever it takes, sets of crews so no crew leaves the plane or stays over and everybody comes back. To at least bring out the vaccines. M...