Qantas mainline 737 pilots jumped at the chance for a NZ holiday secondment.
No, Qantas mainline 737 pilots operated trans-Tasman and domestic NZ flights as a normal part of patterns of flying originating in their home base.
Jetconnect is NOT a labour hire entity as many of you may think.
Yes, it is. Financial report page 5: "The principal activity of the Company during the year was the
employment and on-hire of cabin and technical crew to operate commercial aircraft flights for Tran-Tasman flying." (my bold)
Jetconnect do not operate the flights - Qantas does. Jetconnect provides the crew and the administration of the local AOC. Qantas provides the training, flight planning, aircrew rostering, sells the tickets, you name it. That's not an "airline". That's a labour hire company.
If you look closely at the financial reports you will see money in bank accounts. There was also quite a healthy deposit made to Jetstar when the NZ domestic operations were handed over.
No, you can't. The financial reports make no reference to bank accounts. The financial reports, in fact, go out of their way to point out that they do not need to report any cash flow details at all. Financial report page 5: "The Company qualifies for differential reporting exemptions as it is not publicly accountable and
there is no separation between the owners and the governing body. The Company has taken advantage of all available differential reporting exemptions, including
not preparing a Statement of Cash Flows." (my bold)
This statement actually says a lot. It is nothing more than a labour hire company completely controlled by it's parent. It is not an independent wholly-owned subsidiary airline as they would like us to think.
The numbers on the balance sheet are notional numbers created by accountants that have no bearing on the profit or loss of the "airline" if, indeed, it were an "airline".