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The HfP chat thread – Saturday 12th June

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We are running this daily chat thread on Head for Points during the coronavirus outbreak.

Historically, the daily ‘Bits’ articles were the de facto repository for random comments and questions.  With the news flow being lighter, we are running fewer ‘Bits’ articles.

The comments under this article are where you should post questions about travel and, indeed, anything else on your mind.  At this tricky time, and given that many of you are at home, we want the HfP community to have a place to chat.

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Old chat threads are hidden from the HfP home page.  If you want to look for something in an old thread, click here.  This brings up all the articles in our ‘General’ category which includes the chat threads.

Comments (274)

  • Paul Pogba says:

    The Slasher has an interview in the Torygraph:

    British Airways owner may spin off UK flag carrier, says ex-boss Walsh

    “There’s nothing to say that bits of IAG could not be sold off or cut loose. That was always my thinking when I was there as the CEO. If one part of the business wasn’t performing, or was underperforming, or didn’t make sense, then you could dispose of that part of the business.”

    He adds: “I don’t think that will happen, but it could happen.”

    https://www.telegraph.co.uk/business/2021/06/12/british-airways-owner-may-spin-uk-flag-carrier-says-ex-boss/?li_source=LI&li_medium=liftigniter-rhr

    • mark2 says:

      Surely that comes under the heading of ‘stating the obvious’. He has to say something.

      • Paul Pogba says:

        Thats partly why I cropped a bit that included “I dont think it will happen” 🙂 My take on the gist of the article was that the sky would fall in on Britain due to the travel restrictions and that might lead to BA being spun out because the European part of the business will do just dandy because everything there is back to normal.

        But it got me wondering, if the other (albeit smaller) sister airlines do all return to profitability and this is wiped out by the English airline does it make sense for IAG to push BA into administration? BA loses its long standing pension liabilities to the state Pension Protection Fund and IAG can forget about the debt racked up over the last year. At what point does it become logical for IAG write it off and let Doyle run “New BA” owned by the current creditors?

        Under normal circumstances offloading your pension liabilities on to the taxpayer wouldn’t really cut it with the public but right now they might have some sympathy.

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