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Vincent in receivership !!!

Old 28th May 2014, 06:39
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Vincent in receivership !!!

apparently Vincent (Australia) have gone into receivership this afternoon.


The rumoured sale must not have gone ahead.


Maybe potential purchaser, will now pick up the healthy bits.
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Old 28th May 2014, 06:43
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Correct, are there any healthy bits? This is going to hurt a lot of people. I know of two small operators owed just under $100,000 each. How did the NSW government allow them to get awarded routes? Where was the due diligence?
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Old 28th May 2014, 06:52
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One can only hope that this is a short term hurdle. Aust Aviation can take many more hits.
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Old 28th May 2014, 06:55
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Looks like a few of the Saab's are being ferried to TSV today.
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Old 28th May 2014, 07:31
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wow that's quick. Why TSV ? That's where they used to live in a previous life under Macair if not mistaken.
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Old 28th May 2014, 07:40
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So much for the NSW department of transport carrying out due diligence in granting route licences.
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Old 28th May 2014, 07:52
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No Cookies | Perth Now


must be old photo
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Old 28th May 2014, 08:13
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Fairfax's spin on the story...
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Old 28th May 2014, 08:37
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thats a real shame. i hope it doesn't drag down the nz operation and that the aussie guys can find something else again soon.
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Old 28th May 2014, 08:39
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NZ Ops

I was told very recently that the Saab 340 was going to be used on some routes dropped by Eagle Air..and that 3 would be used in NZ..at least now we all know where they are coming from.
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Old 28th May 2014, 08:56
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You can't make money running 1900s against metros and saabs against Brasilias.

Airnorth hardy and chartair have the topend stitched up.
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Old 28th May 2014, 09:17
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well, they started with a single f406, so they must've been doing something right at some point.
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Old 28th May 2014, 09:27
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But Hardy have put there entire Metro Fleet up for sale...
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Old 28th May 2014, 09:28
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With such a huge fleet and not many contracts, what actually happened? What did they actually do up in Darwin?
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Old 28th May 2014, 10:10
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Presumably, management would have seen this coming, so can someone explain why less than a month ago they recruited new pilots for the Saab?

I am aware of at least one pilot who left his (obviously more solid) job to start at Vincent's, moved to Darwin and would have been there all of a week before this happened. Shame, because he was also ex-Brindies, so goes bust twice in six months...

Sad, but irresponsible, at least on appearances.
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Old 28th May 2014, 10:23
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Sad day for everyone up there, it was at least 12 years ago when we finished the Timor operation and decided to get an Aussie AOC and stay up there, seemed a good idea at the time!
I am sure there will be a lot of finger pointing now but just think its another case of a company to big to be small and to small to be big. They are all terminal in this day and age.
Peter has helped so many people get a start over years, hope he can reap the rewards one day.
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Old 28th May 2014, 10:35
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Peter is long gone. Francis Mining Group from NZ owned it....
A shame for 80 or so folks.
Big $$$$ in the red I'm told.
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Old 28th May 2014, 11:22
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Recruiting for the terminally ill

Hi Bear,

can someone explain why less than a month ago they recruited new pilots for the Saab?
I have a letter here from Ansett recruiting advancing me through to the final stage of recruitment on the 747 fleet.

It is dated Thursday 13 September 2001.
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Old 28th May 2014, 11:33
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[quote]Peter is long gone. Francis Mining Group from NZ owned it....
A shame for 80 or so folks.
Big $$$$ in the red I'm told.[/quote]

Interesting, seeing as I was talking to him not more than a month ago just before he got back in the BAe 146 to go back to Brisbane.

It sounds like the are another victim of the downturn in mining. They had several contracts for FIFO when I was in Darwin but that is some time ago now. I should add that regional RPT is a fraught game as well.
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Old 28th May 2014, 12:06
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Yep a real shame. Some good Drivers at Vincent, who now become a part of an ever declining industry. Sad day.
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