Cyprus-Forum.com

[Kikapu]

Business Insider
Airlines will be required to bring back 32,000 workers in order to get $15 billion in aid from Congress' long-awaited coronavirus relief package

Graham Rapier
Mon, December 21, 2020, 7:46 PM GMT+1

US airlines are set to get $15 billion in relief funds from Congress' economic aid agreement, reached Sunday.

According to CNBC, the funding will require airlines to recall more than 32,000 furloughed workers.

The $900 billion bill's full text has not yet been released, but a summary obtained by Business Insider shows the highlights beyond transportation relief.

https://www.yahoo.com/news/airlines-rep ... 32444.html

[Paphitis]

Business Insider
Airlines will be required to bring back 32,000 workers in order to get $15 billion in aid from Congress' long-awaited coronavirus relief package

Graham Rapier
Mon, December 21, 2020, 7:46 PM GMT+1

US airlines are set to get $15 billion in relief funds from Congress' economic aid agreement, reached Sunday.

According to CNBC, the funding will require airlines to recall more than 32,000 furloughed workers.

The $900 billion bill's full text has not yet been released, but a summary obtained by Business Insider shows the highlights beyond transportation relief.

https://www.yahoo.com/news/airlines-rep ... 32444.html

It’s similar over here.

Our wages are subsidised by the Australian Government. The condition of the Government Aid is that pilots are not to be laid off if they are to receive this subsidy. Mine has been subsidised so of I got laid off, it’s likely the company will have to pay back the subsidies to the tax man. The Subsidy is $750 per week.

Also, the 32000 are all airline employees. Mostly Check In, Operations, Baggage and Ground Handlers. Most companies are outsourcing all that except for operations and cabin crew to private companies like Swiss Port. So many won’t be returning to their original employers.

[Kikapu]

Business Insider
Airlines will be required to bring back 32,000 workers in order to get $15 billion in aid from Congress' long-awaited coronavirus relief package

Graham Rapier
Mon, December 21, 2020, 7:46 PM GMT+1

US airlines are set to get $15 billion in relief funds from Congress' economic aid agreement, reached Sunday.

According to CNBC, the funding will require airlines to recall more than 32,000 furloughed workers.

The $900 billion bill's full text has not yet been released, but a summary obtained by Business Insider shows the highlights beyond transportation relief.

https://www.yahoo.com/news/airlines-rep ... 32444.html

It’s similar over here.

Our wages are subsidised by the Australian Government. The condition of the Government Aid is that pilots are not to be laid off if they are to receive this subsidy. Mine has been subsidised so of I got laid off, it’s likely the company will have to pay back the subsidies to the tax man. The Subsidy is $750 per week.

Also, the 32000 are all airline employees. Mostly Check In, Operations, Baggage and Ground Handlers. Most companies are outsourcing all that except for operations and cabin crew to private companies like Swiss Port. So many won’t be returning to their original employers.

The question is, are there any jobs for these 32,000 people to go back to since the aviation industry is still in the toilet?

This all seems window dressing to me, to get 32,000 off unemployment and count them as “employed”. They will get more money as “employed” than getting unemployment Cheque so that is a plus, but they will once again be furloughed once the $15 billion is exhausted in the next few months unless the aviation industry make a dramatic comeback.

[Paphitis]

Business Insider
Airlines will be required to bring back 32,000 workers in order to get $15 billion in aid from Congress' long-awaited coronavirus relief package

Graham Rapier
Mon, December 21, 2020, 7:46 PM GMT+1

US airlines are set to get $15 billion in relief funds from Congress' economic aid agreement, reached Sunday.

According to CNBC, the funding will require airlines to recall more than 32,000 furloughed workers.

The $900 billion bill's full text has not yet been released, but a summary obtained by Business Insider shows the highlights beyond transportation relief.

https://www.yahoo.com/news/airlines-rep ... 32444.html

It’s similar over here.

Our wages are subsidised by the Australian Government. The condition of the Government Aid is that pilots are not to be laid off if they are to receive this subsidy. Mine has been subsidised so of I got laid off, it’s likely the company will have to pay back the subsidies to the tax man. The Subsidy is $750 per week.

Also, the 32000 are all airline employees. Mostly Check In, Operations, Baggage and Ground Handlers. Most companies are outsourcing all that except for operations and cabin crew to private companies like Swiss Port. So many won’t be returning to their original employers.

The question is, are there any jobs for these 32,000 people to go back to since the aviation industry is still in the toilet?

This all seems window dressing to me, to get 32,000 off unemployment and count them as “employed”. They will get more money as “employed” than getting unemployment Cheque so that is a plus, but they will once again be furloughed once the $15 billion is exhausted in the next few months unless the aviation industry make a dramatic comeback.

Eventually yes. Most people have been furloughed.

But, there were some voluntary redundancies. These guys are paid out, and usually older pilots almost ready to retire within a few years. A years salary was enough to secure their retirements. These guys won’t be coming back but they could work for another airline if they wanted to.

If the vaccine works, the industry will recover at a very fast pace as demand will sky rocket to the point the airlines will probably be overwhelmed.

If the vaccine doesn’t work, lick downs may persist for a while to 2022, but there will need to be a line drawn in the sand somewhere. Eventually what will happen more likely than not is humanity will accept COVID like any other disease and all economies will open and we will live with the pandemic. I just can’t see any other option. Countries will not be able to afford for these shit downs to continue because if they did, many countries will go to the wall. There will be a total collapse of the institutions, countries will be limited by their means to function, fund law and order and that will create massive issues, violence and even war.

From an airline point of view, parking up aircraft in the desert is a very costly exercise. Maintenance is still required and so on. You can’t just park a plane and leave it. They need to be treated with anti corrosives and all moving parts lubricated. The Avionics need to be regularly services and updated. Wheels need to be covered and shielded from the elements. Lots of things.

So they will need to get them back into service quickly otherwise there will be many bankruptcies.

[Kikapu]

Just as I thought!

Reuters
U.S. airlines prepare employee recalls as relief nears; United calls them 'temporary'

Mon, December 21, 2020, 11:17 PM GMT+1
By Tracy Rucinski and David Shepardson

CHICAGO/WASHINGTON (Reuters) -American Airlines and United Airlines said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package.

But in a staff memo, United executives warned that it expects the recall will be "temporary" as travel demand remains depressed. The relief would cover employee payroll costs until March 31, 2021.

"The truth is, we just don't see anything in the data that shows a huge difference in bookings over the next few months," CEO Scott Kirby and President Brett Hart said in the memo, released by United.

Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired.

https://www.yahoo.com/finance/news/amer ... 33987.html

[Paphitis]

Just as I thought!

Reuters
U.S. airlines prepare employee recalls as relief nears; United calls them 'temporary'

Mon, December 21, 2020, 11:17 PM GMT+1
By Tracy Rucinski and David Shepardson

CHICAGO/WASHINGTON (Reuters) -American Airlines and United Airlines said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package.

But in a staff memo, United executives warned that it expects the recall will be "temporary" as travel demand remains depressed. The relief would cover employee payroll costs until March 31, 2021.

"The truth is, we just don't see anything in the data that shows a huge difference in bookings over the next few months," CEO Scott Kirby and President Brett Hart said in the memo, released by United.

Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired.

https://www.yahoo.com/finance/news/amer ... 33987.html

This could also be in preparation for remobilisation and getting the pilots current again.

It will take an Airline like United many months to get through all the checks of all their pilots. And it's probably wise to start now as the vaccination is rolled out.

If the vaccination doesn't work, they can always stand down pilots later.

I got my fingers crossed with this vaccine. It's a very good sign the airlines are starting to make their move.

[Kikapu]

Just as I thought!

Reuters
U.S. airlines prepare employee recalls as relief nears; United calls them 'temporary'

Mon, December 21, 2020, 11:17 PM GMT+1
By Tracy Rucinski and David Shepardson

CHICAGO/WASHINGTON (Reuters) -American Airlines and United Airlines said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package.

But in a staff memo, United executives warned that it expects the recall will be "temporary" as travel demand remains depressed. The relief would cover employee payroll costs until March 31, 2021.

"The truth is, we just don't see anything in the data that shows a huge difference in bookings over the next few months," CEO Scott Kirby and President Brett Hart said in the memo, released by United.

Wrestling with a sharp downturn in travel demand amid the pandemic, American and United together furloughed more than 32,000 workers in October, when an initial $25 billion to cover six months of airline workers' salaries expired.

https://www.yahoo.com/finance/news/amer ... 33987.html

This could also be in preparation for remobilisation and getting the pilots current again.

It will take an Airline like United many months to get through all the checks of all their pilots. And it's probably wise to start now as the vaccination is rolled out.

If the vaccination doesn't work, they can always stand down pilots later.

I got my fingers crossed with this vaccine. It's a very good sign the airlines are starting to make their move.

You are reading too much into the recall. It has nothing to do with the airlines getting pilots and planes ready for a major demand for air travel in the US. It just means the airlines have received $15 billion dollars from the government to be able to pay these employees rather than they collecting unemployment. As soon as the $15 billion runs out, the majority of the 32,000 will need to return to collect unemployment.

[repulsewarrior]

"The settlement includes a $243.6 million criminal fine, compensation payments of $1.77 billion to Boeing's airline customers and an additional $500 million to a fund to compensate family members of crash victims. Boeing had previously already set aside money to pay airlines and $100 million for victims' families. It said it will take an additional charge of $743.6 million against earnings as a result of the settlement.

Under the deal, the Justice Department would defer any criminal prosecution of Boeing for three years and charges will be dismissed if it it sees no more misdeeds by the company."

https://www.cnn.com/2021/01/07/business ... index.html

[Londonrake]

https://cyprus-mail.com/2021/01/27/euro ... 7-max-jet/

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[Kikapu]

Let’s all hope there isn’t another 737 MAX crash with a faulty MCAS, or else for Boeing!