FlyBosnia reduces European operations

GLOBAL AVIATION NEWS

Swiss cuts staff, fleet

Swiss International Air Lines (Swiss) is cutting hundreds of jobs and downsizing its fleets as the company struggles to weather the disruption of Covid-19. Up to 780 employees, including pilots, cabin crew, ground crew, and technicians, could be affected by the layoffs, Swiss announced. The company’s fleet of short and medium haul planes will be reduced by ten to 59, and long haul aircraft by five to 26 - a total reduction of 15% of fleet size compared to 2019. As a result, short and medium haul flights are “likely to be reduced from their 2019 levels, while services may not yet be restored at all on a few direct intercontinental routes”, the airline wrote in a statement. Swiss had already reported plummeting finances and had hinted at reducing up to 1.000 staff, but without layoffs. The Covid-19 pandemic, which brought international travel to a halt in 2020, has been a disaster for the airline. Now, however, the company cites “structural” changes in the airline market which it reckons will result in a decline of 20% in overall demand in the medium-term future. “It has grown increasingly clear that our market is undergoing structural change, and that despite the actions which we were swift to take in response [to the pandemic], a restructuring of our company now sadly seems unavoidable” Swiss CEO, Dieter Vranckx, said in a statement. Vranckx, who replaced former CEO Thomas Kluhr at the end of last year, said the new measures aim to make savings of some $550 million, which would allow the company to “repay our bank loans as promptly as possible and to sustainably retain our competitive credentials and regain our ability to invest”. Swiss said none of the measures would have an impact on its obligations under the terms of a government-backed financial aid package made just over a year ago, when the country’s airline sector was supported with almost 2 billion Swiss francs in liquidity.
Source: Swissinfo

FlyBosnia reduces European operations

NEWS FLASH

FlyBosnia has temporarily reduced its operations on flights from Sarajevo to Rome and London Luton. The carrier has suspended services to the Italian capital until February 27, after which they are expected to resume twice per week. On the other hand, operations to London will run once per week, instead of two, until the week starting February 24 when they will operate twice, after which they will again be reduced to one weekly until the start of the 2020 summer season in late March. The one weekly service between Mostar and Rome is currently suspended and will resume on March 2.

Comments

Anonymous10:43
It will all be over soon.
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Anonymous10:46
Terrible planning, terrible approach, terrible waste of time and money.
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Anonymous12:16
bye money landering
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Anonymous14:02
There is a very good YouTube video covering a flight between Sarajevo and London. There was literally nobody in the plane. No wonder why this route has been reduced to 1 weekly:

https://www.youtube.com/watch?v=6yaFT2ibIbo
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Anonymous14:55
Just putting the last load of money in the machine
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Anonymous22:28
Are they done with money laundering? Just reading stuff about them is painful.
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Anonymous15:01
Someone is trying to spread fake news here about money laundering scheme. I guess competition and haters are working hard to spread propaganda around. Do you have any facts to support your money laundering statements? Please write down your facts and provide any information you have to support your claim.
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Anonymous17:28
There is enormous pressure for these guys now. If they survive until May, I think they may be around for some time. If not, SJJ and BiH will loose and will not be able to make up these numbers for foreseeable future. Remember, FlyBosnia is not competing directly with any airlines except Nesma Airlines. I am not sure why they need this. Let's hope their plans for summer will work. I wish them a bunch of high-paying tourists on their flights from ME, London and Rome.
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