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Most Airlines To Become Bankrupt Due To Covid-19, As Travel Restrictions & Cancellations Ground Planes source: https://mustsharenews.com/airlines-bankrupted-covid-19/ Aviation Consultancy Says Most Airlines To Be Bankrupt By End-May Unless Govts, Industries Help Them Among the range of businesses that have been affected by the Covid-19, airlines have probably been the worst hit. The increasingly severe travel advisories and restrictions that have been implemented by countries worldwide have caused airlines to cancel a massive amount of flights. That, added to the flight cancellations by customers, have caused what might be irreparable damage to profits. Now, an aviation consultant has confirmed that the damages suffered by airlines would be catastrophic, saying that the pandemic will bankrupt most airlines by the end of May. Airline bankruptcy will happen unless action is taken Sydney-based consultancy CAPA Centre for Aviation said in a statement on Monday (16 Mar) that unless world governments and the industry take action, most airlines worldwide will be bankrupt by the end of May, reported Bloomberg. Flight cancellations and travel restrictions have caused many planes to be grounded, and those that a still flying are half-empty — which leads to airlines’ cash reserves being drained rapidly, CAPA said. In fact, many airlines are probably already technically bankrupt or have breached their debt covenants in a large way, it added. Bloomberg also quoted CAPA as saying that government and industry action was needed, or: Airlines in dire straits, $161 billion in lost revenue predicted. Malaysia Airlines is one of the airlines that is facing bankruptcy due to the pandemic. Many airlines worldwide, like American Airlines and Qantas Airways, have cut their flights. Others like Sweden’s SAS have retrenched staff. European regional airline Flybe has already collapsed. The International Air Transport Association has predicted that airlines could lose as much as US$113 billion (S$161 billion) in lost revenue this year. It’s a no-win situation While we sympathise with the airlines, we also understand the need for travel restrictions and for people to cancel their travel plans. It’s truly a no-win situation for all. We hope that governments and the industry can provide much-needed help to our struggling airlines so they can stay on their feet till the pandemic is over.

Anyone using BOC credit card? I called to cancel but they insist i need to write a cancellation letter + enclose the credit card via registered mail. WHY IS IT SO TROUBLESOME?

Does anyone come across this active noise cancellation car audio before? Any audio houses in Sg providing this services? As the name imply , the Active noise cancellation works in an Active way. That is, it will capture surrounding noise and reproduce an inverse sound wave to cancel the noise, just like how some active noise cancellation headphone works. Think Audi already fitted this wonderfull technology to their A4, some of the toyota/honda have them in their high-end model too... Check out how this wonderful technology works in Audi, click on Bang & Olufsen sound systems. http://microsites.audi.com/a4microsite/htm...mp;locale=en_SG

currently on OAC and just renewed in JAN, now feel like cancel it and get from other insurer. is there any penalty from OAC for early cancellation? btw i am on their instalment using ocbc credit card. any penalty from ocbc as well? thanks.

Hi, I had book my tour in august thru one of the travel fair, the tour are suppose to be on Jan, but till now, i did not receive any confirmation or call from the agent till i call them today, i was inform that the tour was cancel due to insufficent booking of 10ppl. the airline does not allow if the tour are less than 10. Can the agent do that?since we had already make the booking?can we get any compensation, since we had taken our leave etc...