Enigin Money

Ash is in the air but where is the cash - Enigin

£2.2 billion! That is the estimated cost of the crisis to the aviation industry and tour operators - not to mention all the other areas of business affected by the Volcanic Ash disruption.

A debate is now under way as to whether it is truly the airlines responsibility to pay out to customers, whether they should receive state aid or whether is can simply be put down to an “act of God”.

What about the banks? Can’t they help - they are the peoples banks after all, and more then happy to help themselves out when in a crisis.

Lloyds Bank today announced they have made a returned profit for the first 3 months of the year. And apparently, according to them the economic conditions are “more benign”. Well not for the airlines and 1000s of people stranded around the world, coming back to huge bills and overdrafts they have had to use!

So come on Labour, Lib Dems and Conservative, your well into your race now. Your decisions and suggestions on this huge crisis for the nation can maybe save our souls - not just yours!

Enigin and Volcanic Ash

Can you believe the disruption caused by an erupting Volcano, in Iceland?!?!

It has only truly hit me in the last day or so the impact this has really had on so many people. On the news they were discussing the financial implications. Many of the airlines are most likely already bankrupt due to the amount of money they are losing on a daily basis. As well as the cost at sending the naval ships, and extra ferries, coaches etc. And then the burden being added to all the holidaymakers as they have to extend time away or find other means to get home. Many of them starting to run out of money! Then what?

And the effect on businesses. It must be costing them a bomb! Apparently taxi companies are making a lot from this “disaster” as many business men are instead using a taxi to get around, including to europe as it is there quickest and easiest option. I can’t even begin to imagine the cost that must involve.

It is actually quite daunting to think how long this could go on for plus the ongoing problems afterwards. Individually for the public, the governments, businesses, airlines and countries! Lets hope it sorts itself out soon and all consider all those people stranded, basically all around the world.