It helps to speak Icelandic to get all of this clip, produced by Sveinn Gdmarsson, the London correspondent of the Icelandic National Broadcasting Service, but yours truly is in there giving the Airline Business perspective of the industry's outlook.
That bit, you'll understand, but the rest of it you won't because it is in Icelandic, unless of course you come from the island. In it, I make the hardly earth-shattering revelation that more airline failures are likely in the second half. This was shot before the Zoom grounding, so my prediction already came true.
The INBS naturally keeps tabs on its home flag carrier Icelandair. Sveinn tells me the latest from the north is that it has announced further lay-offs. I can't confirm this because all the newspaper reports in the past few days are in Icelandic - can anyone help?
Icelandair hopes that it doesn't have to follow through all of the recent lay-offs. Icelandair has fired third of their pilots in the last three months.
Reasons for this is recession in aviation because of incresing price of oil and the ecenomic recession. Icelandair hopes they don't have to lay off more pilots or cabin crew.
Acording to Icelandair, they have hired unusually many pilots in the last 4 years, but the resent lay-offs are very disappointing. Icelandair are looking for new projects, and worst-case scenario means they will start hiring pilots again next spring.
24 pilots have been fired in the last few days after Icelandair lost a contract in Venezuela. President of the Icelandic Pilots Association says these latest pilots to get the sack have been with Icelandair for over 4 years. In total Icelandair has fired 112 pilots in the last 3 months. This is the worst lay-offs in the history of Icelandair.