If what ‘airtag’ says is correct then the CEO is required to report to the ASX asap, otherwise I imagine the director's could be in serious trouble, legally?
But, out of all of this, where is the AFAP? The AFAP took Virgin Pilots to court recently over the VIPA issue and it was supposedly ruled that the AFAP would be the recognized union. So, where are they when jobs are on the line and if what ‘airtag’ says is true about no money to pay wages from w/c 26/4/09 what is the AFAP doing? With other employee groups in other industries, their respective unions have made statements, but nothing has been seen in the media from the AFAP. Even, with respect to this issue, the TWU has made a statement regarding its members. Still, if it keeps going there will be no pilots to pay union fees and the union officials too may find themselves out of a job.
It seems like Ansett all over again with V Australia siphoning
VB funds to survive.
VB runs two other airlines Pacific Blue and Polynesian Blue. I have travelled regularly on
VB and have found 80% or more full on each flight. So, they either have some unprofitable routes or they are propping up one or more of the other airlines. Maybe, they shouldn’t have continued with V Australia? In the end, the one who ends up fighting for survival is
VB. Just as happened with Ansett.