PPRuNe Forums - View Single Post - Vincent in receivership !!!
View Single Post
Old 31st May 2014, 03:21
  #49 (permalink)  
Trojan1981
 
Join Date: May 2005
Location: nocte volant
Posts: 1,114
Received 0 Likes on 0 Posts
I spent quite a bit of time on Vincent's 146 and SAABs last year, supervising charter contracts. Peter was pushing hard for more and more, offering rock bottom, market penetration prices while the broker made substantial profits. I knew little about the smaller NT operations in recent times (I was there when they flew into Suai though) but Peter was pushing hard for higher utilization of the 146 and Saabs on the east coast. Peter struck me as a genuine guy, but I think that relying on brokers to do your bidding, while flying in crew from NZ and offering limbo-low prices was completely unsustainable. We have too many players fighting over minuscule profits, while being hampered at every turn by glacial, inflexible regulation and ripped off by sharks who have no interest in the future of the industry.

I wish all the retrenched crews the best of luck for the future.
Trojan1981 is offline