DLD 164: A Stupid LCC Play

There are tons of incredible things to see on a visit to Japan. Seth appears set to do roughly zero of them next week. Instead he’s flying around on a handful of Japanese LCCs. And he tries to explain why.

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Seth Miller

I'm Seth, also known as the Wandering Aramean. I was bit by the travel bug 30 years ago and there's no sign of a cure. I fly ~200,000 miles annually; these are my stories. You can connect with me on Twitter, Facebook, and LinkedIn.

One Comment

  1. AirBerlin is not dead yet, it’s shares can still be traded at the stock exchange (albeit as a penny stock). Insolvency proceedings may take years as AirBerlin may still have claims against others in its balance sheet. The administrator is now legally required to enforce those claims to better the situation for the creditors of AirBerlin. EY gave a letter of support towards AB in May 2017: “The German company published a record loss for 2016 last month, and Etihad granted the airline 350 million euros in new funds plus a letter of support promising to cover its financial obligations for the next 18 months.” (source: https://www.bloomberg.com/news/articles/2017-05-26/etihad-said-close-to-hiring-bank-to-weigh-air-berlin-stake-sale). But they pulled their support after only three months. So maybe the administrator is trying to enforce the letter of support?

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