Network Aviation - Perth

[Windshear]

Network Aviation sold to Qantas Link they need the facilities to start the Dash Q400 program in W.A. :)

[vee tail]

So whar happens to the F100 and the Braz!!

[Mach E Avelli]

Pure speculation, but with all those shiny Q400s on order wouldn't they want a one-type fleet? Their end-game is probably not FIFO as much as feed QF/JQ. FIFO often has aeroplanes parked up for half the day, so does not lend itself to expensive new kit. RPT is another matter altogether.
There is another thread running on this takeover. Someone with delusions about seniority on that one. Time to merge?

[3 Holer]

INTEGRATION with Qantaslink...............standby for some serious pilot group hugs! :E

[Capn Bloggs]

standby for some serious pilot group hugs!
Not necessary. Just make it seniority based on alphabetical order! :E

[flyingfox]

Good one Bloggs. Would reverse alphabetical be OK with you? :E

[gas-chamber]

Pilots bumped from a jet back to a prop will retain jet pay. Bras pilots will get bypass pay. yeh, right.

[teggun]

Has the deal actually been done yet, or still in the process?

[Going Boeing]

standby for some serious pilot group hugs!

Past experience shows that Qantas management has no interest in integrating pilot groups - they prefer the divide and conquer style of HR. :ugh:

[Section28- BE]

The AFR 05/10/10- 'understands' that QF are 'in the final stages of negotiations for an agreed purchase....'- no ASX announcement yet.

Quote based on the AFR article- ex the Business Spectator website:

Qantas to buy WA charter airline: report

Published 7:01 AM, 5 Oct 2010
QUICK SUMMARY (http://www.businessspectator.com.au/bs.nsf/Article/Qantas-to-buy-WA-charter-airline-report-pd20101005-9WQZ6?OpenDocument&rf=s) | FULL STORY
Qantas is hoping to extend its presence in the lucrative charter flight market in Western Australia by acquiring one of the major airlines offering services to fly-in, fly-out mining sector workers, The Australian Financial Review reports.
The national carrier is in the final stages of negotiations to buy WA-based Network Aviation, which runs chartered flights to mining communities across the state, the newspaper says in an unsourced report.
Network Aviation's board met on Friday to discuss the $30 million-plus takeover, which would see Qantas take on a fleet of nine aircraft and 150-odd employees, the report says.
The AFR says the airline's price tag is equal to about six times 2010 financial year earnings before interest, tax, depreciation and amortisation.

Rgds
S28

[Monopole]

30 million is a long way from 100 million.