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Origin Pacific (new Zealand) Going Under - Rumor  
User currently offline777ER From New Zealand, joined Dec 2003, 12211 posts, RR: 18
Posted (9 years 3 months 2 weeks 2 days 18 hours ago) and read 2927 times:
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Only a rumor. I'm at a course in Palmerston North and one of the students on the course is training to be an aircraft mechanic in NSN. He is in his final few months of the course. He said that QO can't afford to pay their own engineers, and their fleet will be reduced even more then first planned last year. Unless QO can save more money then QO might be gone soon

Anyone else from new zealand heard about this?

18 replies: All unread, jump to last
 
User currently offlinePilotdude09 From Australia, joined May 2005, 1777 posts, RR: 4
Reply 1, posted (9 years 3 months 2 weeks 2 days 18 hours ago) and read 2875 times:

Well from the amount of routes they drop wouldnt be suprised like when they dropped the dunedin routes, the a/c were most times full.


Qantas, Still calling Australia Home.........
User currently offlineZKSUJ From New Zealand, joined May 2004, 7108 posts, RR: 12
Reply 2, posted (9 years 3 months 2 weeks 2 days 18 hours ago) and read 2868 times:

Wow. I havent heard the roumer but I knew from threads earlier on that they were in a bit of strife.

User currently offlineNZ747 From New Zealand, joined Dec 2004, 967 posts, RR: 4
Reply 3, posted (9 years 3 months 2 weeks 2 days 18 hours ago) and read 2856 times:

Origin Pacific have been screwed for a while now. I think Mr Mike Pero made a big mistake pumping cash in a company that owed hundreds of thousands, if not millions to creditors and others. Although, I must say, they have managed to stay in the game much longer than I anticipated. They used to rely greatly on Qantas ff's and connection travelers. I give them 2 years, if that.

User currently offlineVirginFlyer From New Zealand, joined Sep 2000, 4575 posts, RR: 41
Reply 4, posted (9 years 3 months 2 weeks 2 days 15 hours ago) and read 2790 times:

Quoting NZ747 (Reply 3):
I think Mr Mike Pero made a big mistake pumping cash in a company that owed hundreds of thousands, if not millions to creditors and others.

I had heard Mr Pero walked away from it a few months ago - is that true, or another unsubstantiated rumour, of which there seem to have been plenty floating over this airline.

I do hope they can pull through. Although I am an unashamed Air NZ fan, and I don't believe they are up to the same standard as the Air NZ Link operations, it would be quite a shame to lose competition on regional routes in NZ. Then again, without the feed from Qantas, life was always going to be very tough for them...

V/F



"So powerful is the light of unity that it can illuminate the whole earth." - Bahá'u'lláh
User currently offlineSunriseValley From Canada, joined Jul 2004, 5053 posts, RR: 5
Reply 5, posted (9 years 3 months 2 weeks 2 days 5 hours ago) and read 2689 times:

There was a press report just a week or two ago that Mr Pero was moving on.
When I was in NZ in April I priced QO for AKL/NSN and NSN/WLG but they were just not in the hunt! Too bad.


User currently offlineMr AirNZ From New Zealand, joined Feb 2002, 871 posts, RR: 1
Reply 6, posted (9 years 3 months 2 weeks 1 day 22 hours ago) and read 2591 times:

Mike Pero is nolonger on the QO board of directors but does maintain his 25% share in the company. As I understand it they are 'living' from hand to mouth at the moment.

Should the go belly up I believe it would be only a matter of time until someone else started another regional airline. It may be cut throat but there always seem business people out there keen to give the airline buisness a shot (old joke: how do you make a $1 million in the airline industry? Start with $5 million).


User currently offlineJafa39 From , joined Dec 1969, posts, RR:
Reply 7, posted (9 years 3 months 2 weeks 1 day 21 hours ago) and read 2566 times:

The unfortunate thing is that they couldn't really offer the traveller anything in the way of extra value.

What I mean is, if flying in an a/c that a person over 5 foot 6 inches can't stand upright in, the pay off would be dirt cheap fares, or more frequent services.

When you are 6 foot 2 inches and carry a laptop as hand luggage a trip on a Jetstream is an uncomfortable experience.

I did think that the flexi fare was awesome, whereby you could change flights with no penalty.

I'll miss them though, especially the FA's, they were a random bunch and did make life interesting!!


User currently offlineOnedude From United States of America, joined Apr 2005, 214 posts, RR: 0
Reply 8, posted (9 years 3 months 2 weeks 1 day 21 hours ago) and read 2557 times:

Qantas dropped them as a codeshare partner a few months ago - any reason?

User currently offlineMr AirNZ From New Zealand, joined Feb 2002, 871 posts, RR: 1
Reply 9, posted (9 years 3 months 2 weeks 1 day 21 hours ago) and read 2558 times:

To make way for the proposed Air NZ alliance.

User currently offline777ER From New Zealand, joined Dec 2003, 12211 posts, RR: 18
Reply 10, posted (9 years 3 months 1 week 5 days ago) and read 2381 times:
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I'm back from the course in Palmerston North and the holiday in the Hawkes Bay.

QF dropped QO last year to help make way for the NZ alliance. QO should just focus on their prime routes (if any), the tourist routes (ROT, ZQN etc), focus heaps on freight only flights and do more charter flights


User currently offlineMr AirNZ From New Zealand, joined Feb 2002, 871 posts, RR: 1
Reply 11, posted (9 years 3 months 1 week 4 days 22 hours ago) and read 2339 times:

Quoting 777ER (Reply 10):
QF dropped QO last year to help make way for the NZ alliance. QO should just focus on their prime routes (if any), the tourist routes (ROT, ZQN etc), focus heaps on freight only flights and do more charter flights

ROT and ZQN market saturated with NZ and QF. Freight contracts are being dished out elsewhere. There is only a very small charter market in New Zealand. Not to many rays of sunshine out there.


User currently offlineAerokiwi From New Zealand, joined Jul 2000, 2735 posts, RR: 4
Reply 12, posted (9 years 3 months 1 week 4 days 21 hours ago) and read 2292 times:

Hold on people - this is coming from some trainee engineer in Palmerston North. Hardly the most fantastic of sources. Traditionally, the general media pick up on these rumours pretty quickly and publicise them but I've seen nothing of the sort with regards to Origin.

I suspect this is pure speculation because of Mike Pero's recent (or impending) departure from the Board. This was a scheduled occurrence, as he only ever intended to be on the Board for a year. The rumours were bound to start as a consequence. now if he'd sold his shareholding, or was trying to, then I would be genuinely worried.

I'm not saying it's all roses for Origin, but this is a total rumour, let's face it. The airline is seeing tough times, sure, but who's to really know how good/bad things are there?

What are the chances of a restart of the QF codeshare? Surely QF still needs regional feed.


User currently offline777ER From New Zealand, joined Dec 2003, 12211 posts, RR: 18
Reply 13, posted (9 years 3 months 1 week 4 days 21 hours ago) and read 2292 times:
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There is only a very small charter market in New Zealand. QO did very well and seem to still do well with charters. Every week has QO has good re-positioning deals

User currently offline777ER From New Zealand, joined Dec 2003, 12211 posts, RR: 18
Reply 14, posted (9 years 3 months 1 week 4 days 21 hours ago) and read 2289 times:
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Aerokiwi

The training mechanic is based in NSN and does some training work on QO aircraft (under strict supervision). He was in Palmerston North for a course (not related to aviation).


User currently offlineAerokiwi From New Zealand, joined Jul 2000, 2735 posts, RR: 4
Reply 15, posted (9 years 3 months 1 week 4 days 21 hours ago) and read 2281 times:

Still pretty flimsy. I remember ground personnel working for Air NZ back in 1999 telling me the 737-800 was a shoe-in order for the airline.

Quite.


User currently offline777ER From New Zealand, joined Dec 2003, 12211 posts, RR: 18
Reply 16, posted (9 years 3 months 1 week 4 days 19 hours ago) and read 2245 times:
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I remember ground personnel working for Air NZ back in 1999 telling me the 737-800 was a shoe-in order for the airline. B738s would be in NZs fleet if Airbus hadn't given a last minute deal that NZ couldn't refuse, even boeing was certain they had the order

User currently offlineNZ1 From New Zealand, joined May 2004, 2268 posts, RR: 25
Reply 17, posted (9 years 3 months 1 week 4 days 19 hours ago) and read 2248 times:
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Quoting 777ER (Reply 16):
B738s would be in NZs fleet if Airbus hadn't given a last minute deal that NZ couldn't refuse, even boeing was certain they had the ord

Thats not true either. NZ were committed to the A320 due to arrangements made when we still owned AN.

NZ1


User currently offlineAerokiwi From New Zealand, joined Jul 2000, 2735 posts, RR: 4
Reply 18, posted (9 years 3 months 1 week 4 days 19 hours ago) and read 2246 times:

Yes but my point being that they were wrong.

Until I see some substance, the Origin rumour is just a piece of gossip. Though it may well be true, it helps to have a reliable, solid source. Anyone?


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