Edinburgh
Re: Edinburgh
These are the last set of full year accounts on the Edinburgh Airport Website.
https://edinburghairport.s3-eu-west-1.a ... ements.pdf
They have since spent a further £70m on capital projects. The full year 2019 accounts are not available on their website.
Anyone able to figure out how highly leveraged EDI is?
There was talk on the Lufthansa thread about making sure that routes aren't lost from GLA to EDI as a result of EDI adopting an aggressive strategy to retain routes. I have a suspicion that their debt levels and amounts owed due to the amount of expansion they have carried out since GIP took them over that they may not be able to offer any incentives to retain routes as they will need to raise as much cash as possible to service their debts.
Here's the latest set of AGS accounts for comparison purposes.
https://s3.eu-west-2.amazonaws.com/docu ... b20e1b07f9
https://edinburghairport.s3-eu-west-1.a ... ements.pdf
They have since spent a further £70m on capital projects. The full year 2019 accounts are not available on their website.
Anyone able to figure out how highly leveraged EDI is?
There was talk on the Lufthansa thread about making sure that routes aren't lost from GLA to EDI as a result of EDI adopting an aggressive strategy to retain routes. I have a suspicion that their debt levels and amounts owed due to the amount of expansion they have carried out since GIP took them over that they may not be able to offer any incentives to retain routes as they will need to raise as much cash as possible to service their debts.
Here's the latest set of AGS accounts for comparison purposes.
https://s3.eu-west-2.amazonaws.com/docu ... b20e1b07f9
Re: Edinburgh
AA are bringing their 787s to EDI from next Summer
Re: Edinburgh
BACF to close EDI base
Release date: 12/05/2020
The British Airline Pilots Association (BALPA) has announced that it was formally notified of proposed redundancies at BA CityFlyer this afternoon. The airline operates British Airways branded flights out of London City and Edinburgh Airports.
72 potential pilot redundancies were notified out of 248, mainly at Edinburgh where BA CityFlyer is proposing ending operations. In addition, the company warned that its whole future remained uncertain as British Airways, its parent company, was still reviewing its own future.
Brian Strutton, BALPA General Secretary, said: “CityFlyer had been a successful part of BA so this is yet more shocking and devastating news. While the Chancellor fanfares his Job Retention Scheme the aviation industry continues to haemorrhage jobs.
“The Government is making this crisis worse for aviation by imposing restrictions on flying and forcing airlines into a death spiral.
“BALPA will fight for every job in CityFlyer at London City and Edinburgh Airports which rely on this important and efficient airline.”
Release date: 12/05/2020
The British Airline Pilots Association (BALPA) has announced that it was formally notified of proposed redundancies at BA CityFlyer this afternoon. The airline operates British Airways branded flights out of London City and Edinburgh Airports.
72 potential pilot redundancies were notified out of 248, mainly at Edinburgh where BA CityFlyer is proposing ending operations. In addition, the company warned that its whole future remained uncertain as British Airways, its parent company, was still reviewing its own future.
Brian Strutton, BALPA General Secretary, said: “CityFlyer had been a successful part of BA so this is yet more shocking and devastating news. While the Chancellor fanfares his Job Retention Scheme the aviation industry continues to haemorrhage jobs.
“The Government is making this crisis worse for aviation by imposing restrictions on flying and forcing airlines into a death spiral.
“BALPA will fight for every job in CityFlyer at London City and Edinburgh Airports which rely on this important and efficient airline.”
https://tinyurl.com/EGPFAmazon
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Re: Edinburgh
I'm probably not the only one who's surprised to hear they are closing the EDI operation. Especially given the relatively 'niche' nature of their business. Was the LCY-JFK service also BACF or mainline ? I gather that's to go too. Sad times for all in aviation right now.Clive wrote: ↑Tue May 12, 2020 9:25 pm BACF to close EDI base
Release date: 12/05/2020
The British Airline Pilots Association (BALPA) has announced that it was formally notified of proposed redundancies at BA CityFlyer this afternoon. The airline operates British Airways branded flights out of London City and Edinburgh Airports.
72 potential pilot redundancies were notified out of 248, mainly at Edinburgh where BA CityFlyer is proposing ending operations. In addition, the company warned that its whole future remained uncertain as British Airways, its parent company, was still reviewing its own future.
Brian Strutton, BALPA General Secretary, said: “CityFlyer had been a successful part of BA so this is yet more shocking and devastating news. While the Chancellor fanfares his Job Retention Scheme the aviation industry continues to haemorrhage jobs.
“The Government is making this crisis worse for aviation by imposing restrictions on flying and forcing airlines into a death spiral.
“BALPA will fight for every job in CityFlyer at London City and Edinburgh Airports which rely on this important and efficient airline.”
Re: Edinburgh
The LCY-JFK flights are mainline BA and were crewed by a small group of Airbus Shorthaul pilots based out of LHR and I think by LGW Cabin Crew.
As for Cityflyer, Willie Walsh said to the Transport Select Committee the other day that LCY will probably be the last airport to start to resume ops due to the profile of the passengers there.
BA are also interested in removing the scope clause in the mainline pilots contracts that currently prevents Cityflyer operations at LHR or LGW.
As for Cityflyer, Willie Walsh said to the Transport Select Committee the other day that LCY will probably be the last airport to start to resume ops due to the profile of the passengers there.
BA are also interested in removing the scope clause in the mainline pilots contracts that currently prevents Cityflyer operations at LHR or LGW.
Re: Edinburgh
You (and others) would be right to be surprised if they were indeed "closing the EDI operation". Although the post from poster 'Clive' includes the text "..mainly at Edinburgh where BA CityFlyer is proposing ending operations.." the actual press release on the BALPA website (https://www.balpa.org/Media-Centre/Pres ... -Chancello) says "mainly at Edinburgh where BA CityFlyer is proposing closing its crew base" (my emphasis).Allen McL wrote: ↑Wed May 13, 2020 9:02 am I'm probably not the only one who's surprised to hear they are closing the EDI operation. Especially given the relatively 'niche' nature of their business. Was the LCY-JFK service also BACF or mainline ? I gather that's to go too. Sad times for all in aviation right now.
So presumably BACF flights EDI<>LCY will continue, albeit perhaps at a lower frequency.
Re: Edinburgh
The proposal is to close the EDI base, not end flights. Presumably EDI (and GLA) flights will continue from LCY.G-WATP wrote: ↑Wed May 13, 2020 12:11 pmYou (and others) would be right to be surprised if they were indeed "closing the EDI operation". Although the post from poster 'Clive' includes the text "..mainly at Edinburgh where BA CityFlyer is proposing ending operations.." the actual press release on the BALPA website (https://www.balpa.org/Media-Centre/Pres ... -Chancello) says "mainly at Edinburgh where BA CityFlyer is proposing closing its crew base" (my emphasis).Allen McL wrote: ↑Wed May 13, 2020 9:02 am I'm probably not the only one who's surprised to hear they are closing the EDI operation. Especially given the relatively 'niche' nature of their business. Was the LCY-JFK service also BACF or mainline ? I gather that's to go too. Sad times for all in aviation right now.
So presumably BACF flights EDI<>LCY will continue, albeit perhaps at a lower frequency.
https://tinyurl.com/EGPFAmazon
Using this link cost nothing but your Amazon purchases can help me to fund the hosting of EGPF Forum and keep it free.
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