Search found 594 matches

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by getluv
Tue Apr 21, 2020 6:06 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

The bringing out of employees to front a press conference and promo vids to save the company makes me believe the PR on VA being most foreign owned is a big issue. The 10 parties interested in VA, are only interested for their assets which seem to be a dime a dozen on the open market. Unfortunately ...

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by getluv
Mon Apr 20, 2020 2:31 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

In some ways the Velocity program is going to drive what happens. Given that this is of substantial value in the group, it is going to want to be preserved and recovered. But the thing that gives it value is a running airline where points can be redeemed. Without that, points holders see substantia...

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by getluv
Mon Apr 20, 2020 12:16 pm
Forum: Civil Aviation
Topic: New Zealand Aviation Thread - April 2020
Replies: 302
Views: 39402

Re: New Zealand Aviation Thread - April 2020

I'm sure crewing those mining contracts would pretty much make the entire situation unviable.

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by getluv
Mon Apr 20, 2020 12:14 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

The ol 'SQ' fake news chestnut that's been ongoing for the past 5 years. The other I'm assuming Virgin Group/Branson but isn't contributing for numerous (and 'arguably' selfish reasons) I don't think SQ has ever wanted to put more money into VA. However, they still have someone on the board yet eit...

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by getluv
Mon Apr 20, 2020 12:07 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

Well I mean the last big company to go into administration was Channel 10. They returned stronger. All it takes is one keen buyer and because Aus has such a lucrative domestic market in terms of monetary value and feeder value, I think VA very well may get a cashed up owner who takes it to QANTAS N...

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by getluv
Mon Apr 20, 2020 12:04 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

The problem was giving them a seat at the board table not because they had a substantial holding. Consequently you had an airline with no strategic direction.

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by getluv
Mon Apr 20, 2020 11:54 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

In addition, Voluntary Administration isn't always a death knell, but is certainly a better option than a creditor/court appointed Receivership. I've seen voluntary administration used in the mining industry successfully (and expensively) to hold back creditors, whilst the Directors recapitalise. A...

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by getluv
Mon Apr 20, 2020 11:42 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

Just needing clarification here, they haven't actually collapsed right? There's still a chance for a buyer to save them? Definitely. It remains highly likely that it will re-emerge from administration though it will be smaller operation. In addition, Voluntary Administration isn't always a death kn...

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by getluv
Mon Apr 20, 2020 11:06 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

News Corp is reporting that Joyce and his senior staff are having celebratory drinks tonight...... I call BS from either you or the TWU. Not sure in a social distancing world this would be possible. Doesn't seem to be an article on news.com.au. https://www.airliners.net/forum/viewtopic.php?f=3&...

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by getluv
Fri Apr 17, 2020 2:30 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

My 2 cents on what VA should become: scrap all international, scrap all wide bodies, scrap TT, scrap business class and just return to domestic trunk and key leisure routes. I think an all economy layout with the first 3-5 rows with extra legroom for corporates and frequent flyers. I think it needs...

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by getluv
Fri Apr 17, 2020 2:24 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

My 2 cents on what VA should become: scrap all international, scrap all wide bodies, scrap TT, scrap business class and just return to domestic trunk and key leisure routes. I think an all economy layout with the first 3-5 rows with extra legroom for corporates and frequent flyers. I think it needs...

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by getluv
Fri Apr 17, 2020 2:10 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

On another note, if the AFR paywall articles are to go by, it suggest one of the firms interested in VA could convert the 'successor to' VA back to its LCC domestic only roots, while dropping Regional, Tiger and International entirely. Either way, whoever the purchaser is and whether they go 'full ...

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by getluv
Fri Apr 17, 2020 6:48 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

My 2 cents on what VA should become: scrap all international, scrap all wide bodies, scrap TT, scrap business class and just return to domestic trunk and key leisure routes. I think an all economy layout with the first 3-5 rows with extra legroom for corporates and frequent flyers. I think it needs...

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by getluv
Fri Apr 17, 2020 4:31 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

https://mobile.abc.net.au/news/2020-04-17/virgin-australia-coronavirus-unions-voluntary-administration/12157010 IMO, I'd say the chances of the private firms taking over VA is higher than the last ditch effort to grab a government loan. Getting the 'successor' back to its DJ roots, regardless if th...

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by getluv
Fri Apr 17, 2020 4:26 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

It would probably be the most far playing ground if VA goes under, would be NZ (Since QF already has JQ in the the New Zealand Domestic Market) NZ could buy the TT or VARA at reduced rate, thinking they would likely go with VARA as resource contracts with the F100s with be away to keep some incomin...

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by getluv
Thu Apr 02, 2020 1:48 pm
Forum: Civil Aviation
Topic: Australian Government Does Not Plan to Bailout Virgin Australia - Could Create New Airline
Replies: 64
Views: 11110

Re: Australian Government Does Not Plan to Bailout Virgin Australia - Could Create New Airline

It is impossible for QF to breach the 49% foreign owned cap rule. By law it will start selling the foreign held shares on a LIFO basis. I understand that's how it is supposed to work in theory. A poster on last month's Australian thread asserted that not only is this level of foreign ownership brea...

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by getluv
Thu Apr 02, 2020 12:18 pm
Forum: Civil Aviation
Topic: Australian Government Does Not Plan to Bailout Virgin Australia - Could Create New Airline
Replies: 64
Views: 11110

Re: Australian Government Does Not Plan to Bailout Virgin Australia - Could Create New Airline

It is impossible for QF to breach the 49% foreign owned cap rule. By law it will start selling the foreign held shares on a LIFO basis. Whilst it is likely that VA will not return in its previous form, it will probably re-emerge from an administration process (the closest we have to US Chapter 11) a...

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by getluv
Thu Apr 02, 2020 10:57 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - April 2020
Replies: 1158
Views: 117274

Re: Australian Aviation Thread - April 2020

Yes I have seen the news, the Government has refused to inject money into VA, lots and lots of talk about VA gong under, but do you think they rely will go bust and never fly again? Do you rely think that the Government would QF be the only airline where you can bet QF will charge like a wounded bu...

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by getluv
Fri Mar 27, 2020 6:23 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

"Singapore Airlines has raised US10.5 billion through Singapore Inc, which raises the question - is a takeover of Virgin Australia on the horizon." Once again - Fake News, as per the numerous other articles in the past 5 years. The bailout money given to SQ is to pay their ongoing debts d...

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by getluv
Thu Mar 26, 2020 2:19 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

VA credit rating cut again by S&P From the Guardian. Virgin Australia’s credit rating cut to CCC S&P has cut Virgin Australia’s credit rating to CCC, deep in junk territory, after the airline grounded 125 planes due to the coronavirus pandemic, warning the airline was at risk of defaulting o...

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by getluv
Wed Mar 25, 2020 12:02 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

ACCC does have the power to split a company, so essentially they could break JQ off from QF if they wanted to. The Australian Government is better off offering money to Air NZ to run a competitor. VA is experiencing what a lot of companies and people are going through when you don’t have reserves o...

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by getluv
Wed Mar 25, 2020 9:52 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

NZ doesn't have the track record in Australia. Although Ansett had similar problems, NZ bit more than they can chew at the time thanks to Selwyn 'Borghetti' Cushing and his sidekick Gary Toomey, and their 2nd failure ended in the clash of the egos between Luxon and Borghetti. Saying that, SQ isn't ...

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by getluv
Wed Mar 25, 2020 9:16 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

Realistically, it does have to be VA. If they do collapse, what other investor is ever going to enter the Australian market? Not only from he inherent risks in the airline industry, but on top of that the risk of a new pandemic, which likely hadn't been factored in to the equation beforehand. I rea...

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by getluv
Wed Mar 25, 2020 9:05 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

Yes I definitely don't see EY or HNA coming to any party, HNA at least may be lucky to survive. One route of investment I could see is if VA is considered worthless, and the Australian government comes in with an investment in the airline where EY, HNA etc surrender their shares in return for the c...

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by getluv
Wed Mar 25, 2020 2:59 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

Problem is that none of the shareholders are in a financial position to support VA whatsover. Branson only has a minority stake (10%) but I do agree with your point regarding the license fee that he obviously benefits from. 2 of them are basically already bankrupt in "administration" befo...

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by getluv
Thu Mar 19, 2020 5:30 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

are all the executives and everyone else at HQ earning all the big bucks going to be stood down or not receive any pay at all (including previous bonuses and shares and the like not yet paid)? i think not I think you will find AJ and all directors are not taking salary for rest of financial year. A...

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by getluv
Wed Mar 18, 2020 9:53 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

QF/JQ Route-by-route cuts announced https://www.qantasnewsroom.com.au/media-releases/qantas-group-network-changes/ https://www.qantasnewsroom.com.au/media-releases/qantas-group-outlines-customer-and-employee-impact-of-coronavirus-related-network-cuts/ -All international flights cancelled. - 2/3rds o...

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by getluv
Tue Mar 17, 2020 12:09 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

I get that it is a crisis but i think it is a bit rich for the cancelled flights to be kept as travel vouchers. Lots of international travellers would be booking 6 months out meaning they only have 6 months to use this voucher. Which isnt enough time to know what is happening with this event. Given...

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by getluv
Mon Mar 16, 2020 11:47 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

Like Air NZ did yesterday, REX have requested a trading halt.

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by getluv
Mon Mar 16, 2020 11:30 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

I get that it is a crisis but i think it is a bit rich for the cancelled flights to be kept as travel vouchers. Lots of international travellers would be booking 6 months out meaning they only have 6 months to use this voucher. Which isnt enough time to know what is happening with this event. Given...

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by getluv
Mon Mar 09, 2020 10:41 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

That is a massive downgrade in capacity. The International business must now be losing serious money. Melbourne radio published a seat map for tomorrow's scheduled MEL-NRT flight with only 16 seats allocated. I flew to CNS over the weekend and flights there (QF) and back (VA) were both only about 1...

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by getluv
Mon Mar 09, 2020 9:59 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - March 2020
Replies: 987
Views: 99832

Re: Australian Aviation Thread - March 2020

QF Group Coronavirus Update https://www.qantasnewsroom.com.au/media-releases/qantas-group-update-on-coronavirus-response/ Notable reductions until Mid-September - 8 A380s Grounded until September - SYD-PER-LHR to replace SYD-SIN-LHR from 20 April with B787 - BNE-ORD launch delayed til September - BN...

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by getluv
Tue Feb 25, 2020 10:28 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

The results are horrendous when you consider QF's results were mostly flat on an underlying basis. $14.5M underlying profit. Down 97% from last year. It recorded a statutory loss of $89M compared to a $74M profit last year. - 3-5% capacity cuts this 2H20 and FY21. - Another $50M-$75M hit expected in...

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by getluv
Wed Feb 19, 2020 10:15 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

QF and CZ are codeshare partners.

CZ gives QF quite a bit of access to southern China.

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by getluv
Mon Feb 17, 2020 7:40 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

It’s all a moot point -

- According to SA, they were making a profit with the A340 to Perth;
- SA need to survive;
- VA need to survive - a new low today.

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by getluv
Sun Feb 16, 2020 1:37 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

Question on QF and LA. Some years ago, QF and SA were prevented from working together on the South African route as there was insufficient completion. Are we going to get to the same decision point for QF/LA at some stage? Both of them are codesharing on each others services, though not sure of the...

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by getluv
Sun Feb 16, 2020 6:07 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

Question on QF and LA. Some years ago, QF and SA were prevented from working together on the South African route as there was insufficient completion. Are we going to get to the same decision point for QF/LA at some stage? Both of them are codesharing on each others services, though not sure of the...

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by getluv
Wed Feb 12, 2020 6:43 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

ZL are simply deflecting from their own structural problems. Dont disagree but there are also regional structural issues they're up against - falling populations, drought impacts on economics and a travel choice that is far more of a luxury for regional populations than just getting in the car. I p...

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by getluv
Wed Feb 12, 2020 2:59 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

ZL are simply deflecting from their own structural problems.

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by getluv
Tue Feb 11, 2020 11:59 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - February 2020
Replies: 613
Views: 66353

Re: Australian Aviation Thread - February 2020

QF commencing SYD-OAG

11 weekly on Q200/300 from 1 May.

Link

VA shares hit another record low

Link (Paywalled)

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by getluv
Thu Jan 16, 2020 10:32 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - January 2020
Replies: 374
Views: 50038

Re: Australian Aviation Thread - January 2020

https://www.qantasnewsroom.com.au/media ... byron-bay/
-->

QF starting daily SYD-BNK flights on 29 March on a Q300. Just testing the market to start with I guess.

https://www.qantasnewsroom.com.au/media ... byron-bay/

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by getluv
Thu Jan 16, 2020 9:52 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - January 2020
Replies: 374
Views: 50038

Re: Australian Aviation Thread - January 2020

My point is how many of those 250,000 pax would have been interline pax anyway? How many of those are Gold/Elite? I can't imagine too many. Then you are telling me most book NZ/QF combination for the very few extra FFP points? I just don't buy it. Had there not been a QF alliance, those who fly fro...

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by getluv
Mon Dec 23, 2019 12:55 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

It doesn't seem like there's any spin. Fairfax made the link, presumably for that headline and the ensuing clickbait. That might be just a VARA policy that says no pets to its customers but its is possible and all other 320 operators can load pets Jetstar doesn't accept pets in its hold They will mi...

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by getluv
Mon Dec 16, 2019 8:02 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

QF have updated their schedule for HND. Timings to SYD will remain as is.

QF79 MEL 1130 HND 2000
QF80 HND 2130 MEL 0900+1

1 hour earlier in MEL after DST ends.

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by getluv
Fri Dec 13, 2019 2:45 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

Do you think the pilots should be forced to fly the new aircraft on less money? I bet management won't take a reduced salary or bonus due to the new aircraft. It's against Australian law for workers to be "worse off" under a new contract. From my understand the issues are unrelated to pay...

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by getluv
Fri Dec 13, 2019 2:26 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

Great to see some traction on this finally!! This is a huge boost for the project rest is really putting IR pressure on pilots. Do you think the pilots should be forced to fly the new aircraft on less money? I bet management won't take a reduced salary or bonus due to the new aircraft. It's against...

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by getluv
Mon Dec 09, 2019 3:48 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

Not all pilots, unionised pilots. People forget that Unions have a monetary incentive to keep negotiations going for as long as possible. In order to this they must continue to play hardball. No one looks good in an outcome of no Project Sunrise. I'm sure the numbers do stack up for PS, its just tha...

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by getluv
Mon Dec 09, 2019 12:52 am
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

https://www.qantasnewsroom.com.au/media ... -airlines/
-->

Enhanced Frequent Flyer partnership between QF and AF/KL.

QF Frequent flyers can now earn points on all AF/KL marketed flights.

https://www.qantasnewsroom.com.au/media ... -airlines/

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by getluv
Fri Dec 06, 2019 1:04 pm
Forum: Civil Aviation
Topic: Australian Aviation Thread - December 2019
Replies: 629
Views: 64884

Re: Australian Aviation Thread - December 2019

All frontline QF/JQ staff took a pay cut of 3% a few years ago to now watch the CEO and other senior managers taking home many millions. A CEO's remuneration package and targets for bonuses are approved on by shareholders. If the QF share price was still 99c, I doubt AJ would be enjoying the fruits...

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