Originally Posted by
Jack D. Ripper
Ellison won't be the first billionaire to bleed cash on an aviation ego trip.
Why would Minres effectively subsidise cheap FIFO services for competitors?There is no way they will get the economies of scale necessary to offer airline pricing.
Good luck to those who go there, caveat emptor!
Do you think Chris Ellison became a billionaire because he is stupid with money? Go for a drive near Perth Airport and you’ll see MinRes’ training facility. Google the design of their new camps.
Finally someone who recognises there are long term investment costs to running a major business. They’ve obviously run their sums and realised it is advantageous to bring their FIFO transport in house - because losing $5M on their private airline outweighs losing $15M on the various cancellations and delays caused by an operator they are held hostage to, who cannot crew their flights appropriately any more.