View Full Version : Pearl Aviation Sold
Dances With Dingoes
7th Aug 2012, 03:33
Rumour has it Pearl has been sold. Anyone know if there is any truth to it? Who bought it and for what purpose?
Who bought it and for what purpose?
Hmm:rolleyes:....Clive or Gina p'haps! Tax right off...or maybe Clive was after an aviation version of the "Titanic"!:ok:
Rudder
7th Aug 2012, 05:16
Skytraders. They are up this way all the time now. Would be a good fit. Airline equipment with what Pearl have.
Just postulating boys and girls!! Don't really know to be honest. But it would set the hares running up here.:ok:
vee tail
7th Aug 2012, 07:27
Heard Alliance starting a DWN base......................:sad:
Fred Gassit
7th Aug 2012, 08:14
That's just a coincidence...
Cirronimbus
7th Aug 2012, 21:39
Who would want it? Worn out Metros and Kingairs and not much work left for them........
Lost a couple of contracts in the last few months and is going down hill anyway.
Might be cheaper to sit back and wait for the fire sale???
Fred Gassit
7th Aug 2012, 23:50
Would the land they occupy on the airport be perhaps more valuable?
Green gorilla
8th Aug 2012, 03:52
And all the engineers are employed by Pearl they may now be employed by Aerorescue.
Stationair8
8th Aug 2012, 05:32
What about the naviad calibration business?
Dances With Dingoes
13th Aug 2012, 03:24
I hear Skytrans. Any advance on Skytrans?
Would the land they occupy on the airport be perhaps more valuable?
I recon the value would have risen considerably now that the Shipp has been sunk.
Dashunder
13th Aug 2012, 04:14
I recon the value would have risen considerably now that the Shipp has been sunk.
You got that right!!!
The Green Goblin
13th Aug 2012, 05:02
I hear on the grapevine Alliance got the Granites run from the Alice?
It also seems Airnorth is stealing a few major contracts in the bread and butter that is Truscott of Pearl.
If this is the case Alliance may be after the hanger facilities in the Alice with the facilities in Darwin thrown in for good measure. Hardy may also want the Pearl facilities to house all those extra aeroplanes though.
Will be good for the Pearl guys if the opportunity is available to them to move on to bigger and better things from a night in shining armour as the company has been withering on the vine for the past ten years or so.
Does Aerorescue come with the deal too?
Maybe the Irishmen may be coming back to oversee the sale :)
Could be the boys next door need the hangar space for all those extra dashes needed for border protection though :cool:
baron_beeza
13th Aug 2012, 06:06
I always understood Pearl had dibs on more than a couple of the hangars along that line.
I am not sure what the company would currently be worth but possibly there is some truth in the value of the hangars.
Could be some interesting times ahead.
Cirronimbus
13th Aug 2012, 08:15
According to Alliance's web site (http://www.allianceairlines.com.au/docs/investor/alliance-aviation-asx-release-25-july-2012-%28newmont-deal%29-%28asx-ref-1130190%29.pdf); they have picked up the Newmont contract and are going to set up a base in Darwin.
Pearl's hangars are used by AeroRescue (separate company, same owners) too. Even if Pearl is sold, AeroRescue still need the hangars and offices (unless Cobham pick up the SAR contract then maybe they would need that space too?).
The hangars might actually be worth more than Pearl!!!
Interesting times ahead indeed!!!
falconx
13th Aug 2012, 10:01
Vincent! and go RPT against REX
Dashunder
13th Aug 2012, 10:28
Cobham pick up the SAR contract
Dont have the expertise.
Green gorilla
13th Aug 2012, 12:37
People that are employed by Pearl who work in the said hangar say its BS.
Cirronimbus
14th Aug 2012, 09:36
"Expertise"?
Who says Cobham's aircrews couldn't stand around in carparks all day smoking and gas-bagging?
If it only takes a short 'practice' flight every month to keep up the "expertise", I don't see why Cobham's frequently airborne crews couldn't do it too.
Its going to be interesting to see how all of this pans out.
Anyone know where the new Alliance base is going to be if it isn't going to be in the Pearl hangar?
Ahh gee
6th Sep 2012, 07:42
Pearl's Metros aren't flying any more (no work), Kingairs have done stuff all for a while now. Staff laid off or leaving.
Sold or stuffed?
Surviving on the proceeds of AeroRescue's SAR contract?
Not looking pretty.
How long will this go on for?
baron_beeza
6th Sep 2012, 22:49
People that are employed by Pearl who work in the said hangar say its BS.
I think they would be talking about the hangar extension, office complex and carpark though. Didn't the troops have an 'opening' party for it even ?
Shark Slayer
7th Sep 2012, 04:16
Cobham pick up the SAR contract
Dont have the expertise.
Really!
Dreamin!
diddly squat
7th Sep 2012, 11:13
So, they sold or what? :ok:
FGD135
7th Sep 2012, 13:47
So, they sold or what?
Negative...
The Green Goblin
8th Sep 2012, 01:07
Is it true the Metros have no work?
From what I recall they were flat out heading to TST. Although rumour has it they lost Alice/TGT to Alliance.
Tiger 77
8th Sep 2012, 04:42
I heard OYE and OYD (Pearl Kingairs) out in the Pilbara recently. Have they won a new contract out there or do Pearl even own them now?
Cheers,
Tiger.
Green gorilla
8th Sep 2012, 06:20
I keep an ear out for OYD was my old bus some 3500 hours on it they had a firm contract for it in 2007 but since has lived in Alice I believe.