This week’s featured link:
Alitalia set for €400mn gov’t bailout after talks collapse – ch-aviation
Nobody wants to rescue Alitalia, so the burden has now fallen back on to the government. That sound you hear is another 400 million euros going down the drain at the Worst Airline Ever.
Two for the road:
Crisis-hit Hong Kong Airlines expecting substantial amount of money pumped for its survival by Saturday, CEO Sun Jianfeng says – South China Morning Post
Hong Kong Airlines is in such bad shape, it couldn’t pay the bills for inflight entertainment… or pay its people. But it looks like money is on the way to save it before a Saturday deadline. Maybe.
South Africa Waives Control of State Airline to Try Save It – Bloomberg
The South African government is throwing about $140 million into the airline, and then it is stepping back to see if an administrator can fix the airline. Seems like an interesting effort, but this airline isn’t likely salvageable. That being said, the government will probably find a way to prop it up for years to come.