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qfvhoqa
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 12:53 am

Quoting JQflightie (Reply 47):
Woo hoo PER wins because we still have B763 international services :p

Not quite..
NZ102 just left SYD, operated by 763 ZK-NCL, and PX4 will shortly depart BNE on P2-PXV. NZ also sends the 763 regularly to MEL.

You do get the only scheduled A340 into Australia.
 
DeltaB717
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 1:21 am

QF & WS have announced a reciprocal frequent flyer offering, building on their existing codeshare:
http://www.qantasnewsroom.com.au/med...-existing-code-share-relationship/

* earn your choice of QFF points or WestJet dollars when travelling on eligible flights;
* redeem QFF points on WS operated services booked with a QF flight number when connecting from a QF international flight;
* full reciprocal redemption targeted for 2017.
 
IndianicWorld
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 1:28 am

Quoting DeltaB717 (Reply 51):
QF & WS have announced a reciprocal frequent flyer offering, building on their existing codeshare:

Getting ready for a more permanent QF presence in Canada maybe  

One would expect that the 789 should see QF make a move into year round YVR service.
 
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777Jet
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 2:22 am

Quoting JQflightie (Reply 47):
Woo hoo PER wins because we still have B763 international services

I frequently see NZ 763s in SYD.

Quoting qfvhoqa (Reply 50):
Quoting JQflightie (Reply 47):
Woo hoo PER wins because we still have B763 international services :p

Not quite..
NZ102 just left SYD, operated by 763 ZK-NCL, and PX4 will shortly depart BNE on P2-PXV. NZ also sends the 763 regularly to MEL.

  

Quoting EK413 (Reply 38):
The DFW-BNE flight plan was due to forecast strong headwinds enroute & hence the early plan to operate to BNE. Better to plan ahead opposed to enroute & arange resources at the last minute.

Are there extra ground ops staff available to handle the 380 when it diverts, or do they have staff on standby that they bring in? I assume the pax stay on and just a re-fueling is done anyway???

Also, if it diverts, do the Pilots and FAs have enough duty time left to continue down to SYD after re-fueling or does another crew need to be used?
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qf002
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 6:04 am

Quoting qfvhoqa (Reply 50):
You do get the only scheduled A340 into Australia.

PR still sends A343s to SYD.
 
timtam
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 6:22 am

Quoting IndianicWorld (Reply 52):
Getting ready for a more permanent QF presence in Canada maybe

One would expect that the 789 should see QF make a move into year round YVR service

Precursor to Qantas taking a minority stake in Westjet?

 
 
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EK413
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 6:33 am

Quoting 777Jet (Reply 53):
Quoting EK413 (Reply 38):
The DFW-BNE flight plan was due to forecast strong headwinds enroute & hence the early plan to operate to BNE. Better to plan ahead opposed to enroute & arange resources at the last minute.

Are there extra ground ops staff available to handle the 380 when it diverts, or do they have staff on standby that they bring in? I assume the pax stay on and just a re-fueling is done anyway???

Also, if it diverts, do the Pilots and FAs have enough duty time left to continue down to SYD after re-fueling or does another crew need to be used?

They have resources available but not all areas are trained on the A380, I believe the caterers aren't A380 certified.

The passengers and crew usually stay onboard whilst the tech crew disembark and fresh tech crew take over.

EK413
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 7:04 am

Quoting timtam (Reply 55):
Quoting IndianicWorld (Reply 52):
Getting ready for a more permanent QF presence in Canada maybe

One would expect that the 789 should see QF make a move into year round YVR service

Precursor to Qantas taking a minority stake in Westjet?

Hopefully WS join Oneworld!
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zkncj
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 7:15 am

Quoting qf789 (Reply 49):
We did, the PER-CHC seasonal flight is being upgraded to 787-9 this summer

AKL-PER is daily 789, plus a couple of times weekly with an 763 currently. Although when the PER-CHC service goes 789, so does the extra AKL-PER services.

PER,MEL,SYD,BNE all currently see the 763 from NZ, although NCK just left and NCN next month so the fleet will be down to 3x 763 for the reset of the year. Which mainly cover SYD-RAR, DPS-AKL, KIX-AKL, SGN-AKL, along with a couple of tasman flights/pacific flights.

Most Tasman/Pacific 763 services over the next couple of months are getting changed to an 772,77W or 789.
 
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qf2220
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 7:33 am

Quoting timtam (Reply 55):

Im pretty sure that would be quite a way down the list of capital priorities for QF at the moment - unless you have other thoughts?
 
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 7:42 am

Quoting zkncj (Reply 58):

Th extra PER flights ended a few weeks ago so no more 763's to PER, are they scheduled to BNE now maybe 1-2 weekly? SYD,MEL are regular.

NCL leaves next. NCN left in 2006.

AKL-MNL also for the 763's later this year. I'm not sure how updated the schedules are but TBU has 763's loaded for summer again but is now getting 772's.
 
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KarelXWB
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 8:29 am

Apologies if this has been posted before. Qantas on the A380:

http://50skyshades.com/news/airlines...alking-to-boeing-on-777x-jets-exec

Quote:
Australia's Qantas Airways Ltd plans to keep its Airbus Group long-haul A380 aircraft in service beyond 2020, when many will be around 10 years old, a senior executive said, even as it conducts talks with Airbus rival Boeing Co on the latter's next-generation B777X jets.

"The A380s do a great job on the markets that they operate," said Gareth Evans, head of the company's international business, speaking to Reuters in an interview on Thursday. Qantas currently operates a fleet of 12 of the jumbos.

Also, Qantas extends its A380 support contract with Spairliners until 2025:

http://www.lufthansa-technik.com/pre...spairliners-qantas-extension/10165

Quote:
Qantas Airways Ltd., the Australian flag carrier based in Sydney, has renewed its Integrated Component Care contract with Spairliners who have been providing services since the A380 entry into service in 2008. The contract is effective from 01st of January 2016 and covers component pooling and repair solutions of all Line Replaceable Units (LRUs) for Qantas' Airbus A380 aircraft fleet. As a result of the new agreement the contract provides an additional transportation service to and from Qantas' Homebase in Sydney and all line stations.
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a320fan
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 9:31 am

Anyone know anything more about the JQ A321 slide deployment in MEL this morning? News reports are quite vague, other than the fact the crew has been suspended. It appears to be the L2 door, so my first idea about the primary exit door being opened before it was disarmed appears to not be the case (No reason to open L2).
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 9:32 am

Quoting zkncj (Reply 58):
Quoting qf789 (Reply 49):
We did, the PER-CHC seasonal flight is being upgraded to 787-9 this summer

AKL-PER is daily 789, plus a couple of times weekly with an 763 currently. Although when the PER-CHC service goes 789, so does the extra AKL-PER services.

AKL-PER is not daily at this time of year. It can be as few as five flights a week.
It sounds like english, but I can't understand a word you're saying
 
JQflightie
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 9:55 am

Quoting a320fan (Reply 62):

I've seen the photo's, I don't know how this happened as JQ Crew do not touch doors except to arm/disarm the rest is done from ground crew, and if the crew member did forget to disarm the door, by opening Airbus doors from outside automatically disarms the door if in armed mode.
There has to be more to this story.
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DeltaB717
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RE: Australian Aviation Thread Part 141

Wed May 25, 2016 11:27 pm

Quoting JQflightie (Reply 64):
Quoting a320fan (Reply 62):
I've seen the photo's, I don't know how this happened as JQ Crew do not touch doors except to arm/disarm the rest is done from ground crew, and if the crew member did forget to disarm the door, by opening Airbus doors from outside automatically disarms the door if in armed mode.
There has to be more to this story.

I did read somewhere that the FA inadvertently opened the door, which I take to mean this happened while disarming.
 
JQflightie
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RE: Australian Aviation Thread Part 141

Thu May 26, 2016 12:52 am

Quoting DeltaB717 (Reply 65):

So if that FA did open the door, at door 2, which has a cover over the door operating handle it would have to be removed and opened deliberately. The door could have malfunctioned. A pax could have had their foot on the slide bustle and kicked the door operating handle, a number of things could have happened.
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777LRF
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RE: Australian Aviation Thread Part 141

Thu May 26, 2016 8:45 am

BNE has been operating with a displaced threshold on RWY 01/19 all day today. According to the spotters pages it's due to EK434 damaging the foot of runway 01 while departing. So the available take off distance is 2689m which has been fine for all flights so far including the QF and VA heavies to LAX. According to the NOTAM it seems like the left side PAPI and ILS isn't available for RWY 01.
 
TN486
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RE: Australian Aviation Thread Part 141

Thu May 26, 2016 2:06 pm

Quoting 777LRF (Reply 67):
due to EK434 damaging the foot of runway 01 while departing

How did this happen??
remember the t shirt "I own an airline"on the front - "qantas" on the back
 
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qf789
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 1:30 am

Air New Zealand Ltd.’s stake in Virgin Australia Holdings Ltd. has attracted several potential buyers and talks are under way about a possible deal, said Richard Branson, the billionaire founder of Virgin Group Ltd.

http://www.bloomberg.com/news/articl...or-air-nz-s-virgin-australia-stake

I have noticed that the freight flights operated between PER & MEL have been operated by QF A332 this week instead of the usual 733, anyone know why?

QF's A388 VH-OQB had a technical issue in DXB earlier this week

http://www.theqantassource.com/qanta...a380-vh-oqb-dubai-technical-issue/
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xiaotung
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 1:45 am

Quoting qf789 (Reply 69):

Air New Zealand Ltd.’s stake in Virgin Australia Holdings Ltd. has attracted several potential buyers and talks are under way about a possible deal, said Richard Branson, the billionaire founder of Virgin Group Ltd.

To be honest, Brandon really didn't say anything. Rumour has it that SQ didn't put Scoot CEO Campbell Wilson to the top job at the combined Scoot/Tiger is because they potentially have reserved him to be the future VA CEO once SQ take over VA. His current role at SQ is rather a temporary one. For NZ not to lose their strategic advantage, selling the shares to SQ is the safest bet.
 
jrfspa320
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 1:52 am

Quoting qf789 (Reply 69):

Maybe the 733 is in maintenance or something?

I wonder how the freight capacity of a 733F compares to the hold of an A330, bet there isn't much difference.
 
JQflightie
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 2:54 am

Quoting qf789 (Reply 69):

Correct, the cargo flights are being done with A332s, they are in the flight attendant bid books Mainly Wednesday, Thursday and Friday for this coming bid period.
When is my next holiday?
 
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777Jet
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 3:04 am

Quoting EK413 (Reply 56):
The passengers and crew usually stay onboard whilst the tech crew disembark and fresh tech crew take over.

Do they fly the fresh tech crew up from SYD or something once the diversion into BNE has been confirmed?
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qf002
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 6:26 am

Quoting xiaotung (Reply 70):
Rumour has it that SQ didn't put Scoot CEO Campbell Wilson to the top job at the combined Scoot/Tiger is because they potentially have reserved him to be the future VA CEO once SQ take over VA.

But why does SQ have to "take over" VA for this happen? One major shareholder is already agitating for a change so if SQ wanted Borghetti out and for a new strategy to be implemented then all they need to do is work with NZ to make that happen.

Nothing NZ has said suggests that there is a dispute with other shareholders, only with management. Now that could simply be a courtesy to avoid tarnishing their direct relationship with SQ but I'm certain something would have leaked out if there were tensions between shareholders.
 
CXfirst
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 11:12 am

Quoting qf002 (Reply 74):
But why does SQ have to "take over" VA for this happen? One major shareholder is already agitating for a change so if SQ wanted Borghetti out and for a new strategy to be implemented then all they need to do is work with NZ to make that happen.

Not sure a SQ-affiliated CEO would get accepted. NZ might not be happy with Borghetti, but someone that linked with SQ would probably push a SQ-lead agenda. Not so sure EY or NZ would like that. Borghetti might not be the right man, but at least he is impartial.

-CXfirst
 
81819
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 11:20 am

Quoting qf002 (Reply 74):
But why does SQ have to "take over" VA for this happen?

This is going to be a game of cat and mouse!

The Virgin group, along with a few Chinese carriers are all potential buyers. I'd suggest quite a few stakeholders are throwing their hat in the ring, some because they have a real interest in increasing their share holding, whilst others for the sake of driving up the purchase price.

With SQ already paying 0.48 cents for their recent share purchases they have clearly demonstrated how much they are willing to pay.

Whatever the outcome JB's days are probably numbered! This has always been a game of chess.
 
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RE: Australian Aviation Thread Part 141

Fri May 27, 2016 4:00 pm

Brisbane Wellcamp seeking approval for one off international flight

http://australianaviation.com.au/201...ff-international-passenger-flight/
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qf2220
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 2:40 am

Quoting qf789 (Reply 77):

Makes sense from a PR perspective

Somewhat surprised they've not yet got international service up and running for cargo though given thats what the airport was built for?
 
zkncj
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 2:42 am

Quoting QF2220 (Reply 78):
Somewhat surprised they've not yet got international service up and running for cargo though given thats what the airport was built for?

Surely its not that hard? If NZ got the ok for Passenger flights into MCY.
 
Sydscott
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 6:11 am

Quoting KarelXWB (Reply 61):
Qantas on the A380:http://50skyshades.com/news/airlines...alking-to-boeing-on-777x-jets-exec

Just did SYD-LAX-JFK on QF and came home JFK-HKG-SYD on CX. If those A380's are going to continue beyond 2020 they need a new business class product. The Skybeds are not even close to being comparable to the CX business product. QF need to adapt and modify the new A330 business and fit it to the A380's and they need to do it now.

Quoting CXfirst (Reply 75):
Not sure a SQ-affiliated CEO would get accepted. NZ might not be happy with Borghetti, but someone that linked with SQ would probably push a SQ-lead agenda. Not so sure EY or NZ would like that. Borghetti might not be the right man, but at least he is impartial.

If SQ wants to fork out the required $$$ to buy NZ's stake then they'll be able to appoint a friendly Board and CEO. Otherwise I agree, no-one is going to want an SQ loyalist in the top job at VA. If VA were to become a subsidiary off SQ, different ball game.
 
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EK413
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 7:26 am

Quoting 777Jet (Reply 73):
Quoting EK413 (Reply 56):
The passengers and crew usually stay onboard whilst the tech crew disembark and fresh tech crew take over.

Do they fly the fresh tech crew up from SYD or something once the diversion into BNE has been confirmed?

Correct, once the diversion has been triggered crew are arranged & positioned.

EK413
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747m8te
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 8:18 am

Quoting zkncj (Reply 79):

Quoting QF2220 (Reply 78):
Somewhat surprised they've not yet got international service up and running for cargo though given thats what the airport was built for?

Surely its not that hard? If NZ got the ok for Passenger flights into MCY.

Depends on what airline and what country it is serving is probably more the issue that the government has to approve.

This has actually got me curious, for example say CX wants to fly charters there from HKG, would they be impacted by the bilateral restrictions? I know this applies to BNE, SYD, MEL and PER as gateway ports which CX are maxed out at, but does the bilateral restrict them to operating to the 'city', such as secondary airports serving the city or just the major airports? I know Toowoomba is a couple of hours drive west of Brisbane (so not really serving Brisbane), but as the airport markets it self as Brisbane West would this have any impact? OOL is closer but is not impacted by the bilateral.

I wonder this, as when Sydney eventually gets a second airport, could CX increase flights there above the bilateral restrictions imposed on SYD? Or does it extend to other airports primarily serving the city?
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Thai77w
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 8:40 am

BWW could have unlimited flights as its not affected by the bilateral, as you quite rightly assumed.

CX, or I should say Hong Kong/China is the target of the talks.
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SYDSpotter
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 8:57 am

Quoting 747m8te (Reply 82):
I wonder this, as when Sydney eventually gets a second airport, could CX increase flights there above the bilateral restrictions imposed on SYD? Or does it extend to other airports primarily serving the city?

I would think the restrictions would still apply. If the 2nd Sydney airport was government owned, then I could see the restriction relaxed, but as it will be privately owned/operated, the government has no such incentive to generate traffic through relaxing bilaterals.
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IndianicWorld
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 9:49 am

Quoting SYDSpotter (Reply 84):
If the 2nd Sydney airport was government owned, then I could see the restriction relaxed, but as it will be privately owned/operated, the government has no such incentive to generate traffic through relaxing bilaterals.

There is no logic in selective bi-laterals like that anyway, whether it is govt or privately owned. It would be potentially politically tricky selling a self-interest agenda in the decision making process in the eyes of business and the electorate in general.

I can see some movement on the Australia-HK bi-lateral in future but it would be a very interesting discussion to be involved with  
 
smi0006
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 10:05 am

Quoting Sydscott (Reply 80):
Just did SYD-LAX-JFK on QF and came home JFK-HKG-SYD on CX. If those A380's are going to continue beyond 2020 they need a new business class product. The Skybeds are not even close to being comparable to the CX business product. QF need to adapt and modify the new A330 business and fit it to the A380's and they need to do it now.

I think when QF announce their new 789 cabins, this product will be rolled out to the A380s, perhaps with an upgraded F cabin, or its removal completely, although I am not convinced this is that case with a new lounge in LHR coming. I think due to sector length, QF can still make money form F.

I think the 789 product will be superior to the one offered on the A330s - BE super diamond perhaps? The A330 cabin is great, unless you want to see you travel companion. And whilst this site favours privacy above all, I think there is sufficient leisure travel with QF between LAX, and LHR (not certain about DFW), that they would invest in a product where couples can actually see and talk with each other. I am always surprised by the number of families in J with QF up to the states.
 
IndianicWorld
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 10:10 am

I agree that the current QF A380 and 744/E J product is getting a bit tired.

I flew on it from MEL-LAX last year and although it is still a solid overall offering it is certainly falling behind its competitors.

The 789 should be a very interesting opportunity for QF to bring something new to the table.
 
qf002
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 12:44 pm

Quoting smi0006 (Reply 86):
I think when QF announce their new 789 cabins, this product will be rolled out to the A380s, perhaps with an upgraded F cabin, or its removal completely, although I am not convinced this is that case with a new lounge in LHR coming. I think due to sector length, QF can still make money form F.

Yes, I agree and probably a 2018 start for the A380 refurbishments to give the 787 launch as much thunder as possible.

I would suggest that it would make a lot of sense to move F upstairs to free up space for a substantially larger Y cabin downstairs. J would then fill out the rest of the upper deck (with a small bar/lounge area if there is space for it) with W moving downstairs with Y.

They could probably come close to 500 seats with something along the lines of 10F/70J/40W/380Y.

Quoting smi0006 (Reply 86):
I think the 789 product will be superior to the one offered on the A330s - BE super diamond perhaps?

I'd expect them to stick with the staggered layout for consistency but there are definitely improvements that they can make for the long-haul version.
 
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qf2220
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RE: Australian Aviation Thread Part 141

Sun May 29, 2016 9:44 pm

Quoting smi0006 (Reply 86):
Quoting qf002 (Reply 88):

Is there any suggestion that F profitability is falling? Ive not seen anything to suggest it is.
 
bbbb
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RE: Australian Aviation Thread Part 141

Mon May 30, 2016 5:32 am

CAPA have put together an interesting wrap of the regional aviation scene (Rex, Virgin, JetGo) + Airly:
http://centreforaviation.com/analysi...ansion-and-arrival-of-airly-282041
 
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qf2220
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RE: Australian Aviation Thread Part 141

Mon May 30, 2016 7:36 am

Quoting bbbb (Reply 90):

Quite interesting.

I like Jetgo's model and am looking forward to seeing where it goes. I wonder if QF, VA or ZL will look to imitate it, or if it will become a takeover target?
 
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zkojq
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RE: Australian Aviation Thread Part 141

Mon May 30, 2016 7:45 am

Has Airservices Australia removed the EPP (Epping) NDB near MEL? How long ago?
First to fly the 787-9
 
bbbb
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RE: Australian Aviation Thread Part 141

Mon May 30, 2016 7:53 am

Quoting ZKOJQ (Reply 92):

Has Airservices Australia removed the EPP (Epping) NDB near MEL? How long ago?

Yes, it was decommissioned four days ago on the 26th of May, 2016 along with 178 other navigation aids as part of Airservices' transition to GNSS - more details at http://www.airservicesaustralia.com/projects/nrp/
 
qf002
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RE: Australian Aviation Thread Part 141

Mon May 30, 2016 9:13 am

Quoting QF2220 (Reply 89):
Is there any suggestion that F profitability is falling? Ive not seen anything to suggest it is.

QF is not immune to industry trends.
 
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zkojq
Posts: 4386
Joined: Fri Sep 02, 2011 12:42 am

RE: Australian Aviation Thread Part 141

Mon May 30, 2016 4:52 pm

Quoting bbbb (Reply 93):
Yes, it was decommissioned four days ago on the 26th of May, 2016 along with 178 other navigation aids as part of Airservices' transition to GNSS

Ah right. It was definitely there last month! It's a shame that it's being decommissioned....one of my favorite Navaids, that was.  

I have to say that I'm a bit skeptical about so many VORs and NDBs being removed. GNSS is the future for sure, but I suspect that (generally speaking) we are heading towards an over reliance on GPS; not good if there is ever an outage.

Quoting bbbb (Reply 93):
more details at

They're also getting rid of Bolinda (BOL); I quite liked that one too.

Full list of decomissioned navaids here:
http://www.airservicesaustralia.com/...-Decommissioning-List-20160114.pdf
First to fly the 787-9
 
aerohottie
Posts: 828
Joined: Mon Mar 29, 2004 3:52 pm

RE: Australian Aviation Thread Part 141

Tue May 31, 2016 12:23 am

HNA of China to buy 13% of Virgin Australia... more to come...
https://uk.finance.yahoo.com/news/china-hna-buy-13-virgin-230217790.html
What?
 
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qf2220
Posts: 1983
Joined: Fri Aug 16, 2013 9:16 pm

RE: Australian Aviation Thread Part 141

Tue May 31, 2016 12:29 am

Quoting qf002 (Reply 94):

Agreed, it could be an indicator, but that is hardly an evidence base to build a case that QF's F performance is currently falling. That is just pure speculation on your part I think.
 
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mariner
Posts: 19473
Joined: Fri Nov 23, 2001 7:29 am

RE: Australian Aviation Thread Part 141

Tue May 31, 2016 12:31 am

Quoting aerohottie (Reply 96):
more to come...

More here:

http://www.stuff.co.nz/business/worl...china-signs-deal-with-hna-aviation

"Virgin Australia wants to get more out of China, signs deal with HNA Aviation

Virgin Australia will team up with China's largest private airlines operator in a deal it says will help it capitalise on the growing Chinese travel market.

HNA Aviation Group and Virgin will look to introduce direct flights between Australia and China and co-ordinating code-sharing, frequent flyer programmes and lounge access.

HNA Aviation Group, part of the HNA Group - a Fortune Global 5000 conglomerate - will also take a 13 per cent stake in Virgin Australia worth A$159 million (NZ$171 million) as part of the deal.

Virgin said on Tuesday morning that HNA would increase its stake in the company to 19.99 per cent over time."


mariner
aeternum nauta
 
aerohottie
Posts: 828
Joined: Mon Mar 29, 2004 3:52 pm

RE: Australian Aviation Thread Part 141

Tue May 31, 2016 1:18 am

My understanding this is new stock, diluting other shareholders holdings
What?

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