Ozjet's final landing
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OZX is the only remaining airworthy ship. All others grounded for various reasons. If OZX does not go into storage maintenance or get released from the pound to have a run it will also be grounded.
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If they had been on the straight and narrow from the start and not tried to do things on the cheap I think they would be still flying. Ozjet had some good contracts in WA, a shame to see it dissolve as there were some good people in the operation.
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Ozjet
Heavylift will no longer provide financial support to its subsidary Ozjet after ongoing losses, thus placing the Company in receivership. Ozjet hasn't really been make long term sustainable returns since Stoddard came up with that crazy idea to run a pure business class service up and down the eastern ports.
Norfolk Is business was OK, but ongoing maint costs keeping the 732 going kept on eating into the earnings on this part of the business.
Aka Ansett & AirNewZealand situation.
Heavylift is a great company with a fanatastic business model, it bought Ozjet really to gain the AOC.
As of Friday all Heeavylift suppliers & staff have been paid.
Heavylift will actually convert one of the 732 to a freighter, SAE have already have a proposal in for the job.
Norfolk Is business was OK, but ongoing maint costs keeping the 732 going kept on eating into the earnings on this part of the business.
Aka Ansett & AirNewZealand situation.
Heavylift is a great company with a fanatastic business model, it bought Ozjet really to gain the AOC.
As of Friday all Heeavylift suppliers & staff have been paid.
Heavylift will actually convert one of the 732 to a freighter, SAE have already have a proposal in for the job.
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SpoilerFloat,
And there is what is wrong with the industry generally. Someone like you and obviosulsy NL who think they can incur costs and then walk away. The debts are NL's no matter what company is involved. It needs to come out of one pocket or the other.
The reality is what we have here is NL and co incuring debts on the basis that they can walk away because it is a limited liability company structure. They are just using structures to support and protect themselves to the detriment of others. The creditors did not agree to provide working capital.
The concept that he took over the debts of Ozjet as alluded in some press is farcicle. If he had paid for the company without the debt, the money would have come out of his pocket and then Stodart would have paid the debts. This is a case of where those creditors have been used as a form of financing without any say in it. It is almost certain that NL could not put his hand in his pocket to pay for the company outright.
As to it being CASA's fault for not putting the 727F's on the AOC, give me a break. HL has been a flag of convenience operator all along. When the Seirra Leonne option closed out what did NL do. Go and get an AOC in the Phillipines another leading light in the regulatory world. Why not Australia at that point if there were no shortcuts taken. HL is without doubt Australian Based. The fact that CASA and the Aussie Government permit this is the disgrace. The fact that Defence even charter them (and others in the same situation) is beyond belief.
This whole business model that you refer to as being great is in fact almost immoral. At the very best its uncompetative and does untold damage to the viability and sustainability of other operators and hence jobs and security of jobs. The business model that you incur debts that you dont pay because you have a structure that lets you compartmentalise your liabilities without recourse is also immoral.
To be here on your first post supporting this is amazing in itself.
...Spray Finished....
You have a good day
And there is what is wrong with the industry generally. Someone like you and obviosulsy NL who think they can incur costs and then walk away. The debts are NL's no matter what company is involved. It needs to come out of one pocket or the other.
The reality is what we have here is NL and co incuring debts on the basis that they can walk away because it is a limited liability company structure. They are just using structures to support and protect themselves to the detriment of others. The creditors did not agree to provide working capital.
The concept that he took over the debts of Ozjet as alluded in some press is farcicle. If he had paid for the company without the debt, the money would have come out of his pocket and then Stodart would have paid the debts. This is a case of where those creditors have been used as a form of financing without any say in it. It is almost certain that NL could not put his hand in his pocket to pay for the company outright.
As to it being CASA's fault for not putting the 727F's on the AOC, give me a break. HL has been a flag of convenience operator all along. When the Seirra Leonne option closed out what did NL do. Go and get an AOC in the Phillipines another leading light in the regulatory world. Why not Australia at that point if there were no shortcuts taken. HL is without doubt Australian Based. The fact that CASA and the Aussie Government permit this is the disgrace. The fact that Defence even charter them (and others in the same situation) is beyond belief.
This whole business model that you refer to as being great is in fact almost immoral. At the very best its uncompetative and does untold damage to the viability and sustainability of other operators and hence jobs and security of jobs. The business model that you incur debts that you dont pay because you have a structure that lets you compartmentalise your liabilities without recourse is also immoral.
To be here on your first post supporting this is amazing in itself.
...Spray Finished....
You have a good day
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Good post Rudder. I have often wondered if the lessons of what happened to the Australian Maritme industry would be lost/forgotten in a deregulated aviation environment; there's the answer.
I think spoilerfloat= Heavycargo. Not sure, just opinion.
In the same way that olderairhead=ringin - Some inside info on that one.
If Heavy lift acquire a 732, will that generate funds for the administrator to pay staff entitlements?
I think spoilerfloat= Heavycargo. Not sure, just opinion.
In the same way that olderairhead=ringin - Some inside info on that one.
If Heavy lift acquire a 732, will that generate funds for the administrator to pay staff entitlements?
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Crew rest
This will probably have to end in a similiar way to that of Sky.
Time consuming, but the Government scheme (GEERS ) will probably be the only way that entitlements might be obtained as I would have thought that Oz would have be structured in such a way that it would not have many assets.
Unfortunately Oz needs to be declared bancrupt (or go into liquidation)before GEERS can be accessed.
This will probably have to end in a similiar way to that of Sky.
Time consuming, but the Government scheme (GEERS ) will probably be the only way that entitlements might be obtained as I would have thought that Oz would have be structured in such a way that it would not have many assets.
Unfortunately Oz needs to be declared bancrupt (or go into liquidation)before GEERS can be accessed.
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Have a read of the latest Norfolk Islander where the Finance Minister all but writes off the $800k that Ozjet owe the government. Friends on Norfolk tell me you can increase that amount by 50% when you include what else is owed by OJ out there. So, $1.2m - even if they sold the aircraft they'd barely be able to settle one debt let alone all the others.
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As for other operators ops in the country, its in the CAO's or CAR's somewhere. Perfectly legal since 1988! Vincents do it up in DRW I am lead to believe ops the B1900's on the ZK register. Wouldn't it be cheaper to get a B733 and convert it to a freighter, or get a 732F from the dessert? However whats the difference in a B721F and a B732F in weight and volume size? Also adding another type to the fleet wouldnt that add a lot more cost?
Flags of convenience
As for other operators ops in the country, its in the CAO's or CAR's somewhere. Perfectly legal since 1988!
- they be registered in an ICAO contracting state
- the aircraft may operate from, but not within, Australia
- the operator hold an Australian foreign operator's AOC
With NZ registered aircraft, CASA have a degree of control via their agreements with CAA NZ. With aircraft registered elsewhere they do not.
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Once the OZ Jet dead wood and people complaining like you are gone it may well fly again ? We will see what the rejected parking police working at CASA want to do ? Stay tuned. 
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HC, why would the rejected parking police at CASA want to do anything? Ozjet's self destruction has just saved them a lot of bother. As for helping in any way, forget it, CASA is not in the resurrection business. If you want to continue in aviation, how about a return to Sierra Leone, where there is considerable scope and where you must still have contacts.
Of course you would have to be based there this time round.
Of course you would have to be based there this time round.
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HC....no integrity, no credibility. How many more broken promises, how many more lies. Blame the MEL management or deadwood as you call it all you like, but the dozens of broken promises (refer the PER airport spokesman) and outright lies appear to have all started from the 7th floor in Castlereagh St in Sydney. Who bled Ozjet of its working capital to the point of starvation and made this appointment of an administrator inevitable? Is it true that you have a charge over Ozjet that means you will get whatever is left and all the other creditors, big and small, will get nothing? Very clever!
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Spoilerfloat aka Penny Pittstop aka heavy Cargo aka NL please explain...?
"Heavylift will actually convert one of the 732 to a freighter, SAE have already have a proposal in for the job."
So, you are about to spend $1.5 million on a B732 worth $150,000 to get a 10 ton payload freighter. A plan.
Especially when you already claim to have an Aussie registered B727 freighter all ready to go, just waiting for the nod from CASA. Whats the holdup? The small matter of heavy maintenance? Maybe an engine overhaul? An approved system of maintenance? Crew training? Engineers? A hangar for the occasional visit? Spares? Support from Boeing? You could have 20 tons of payload and quite a schmicko operation for the same 1.5 mill.
Ah but there's a catch to all this. Those unreasonable people at CASA blocking you for no good reason. Sic the lawyers onto them, that will show them.
Keep up with the medication.
"Heavylift will actually convert one of the 732 to a freighter, SAE have already have a proposal in for the job."
So, you are about to spend $1.5 million on a B732 worth $150,000 to get a 10 ton payload freighter. A plan.
Especially when you already claim to have an Aussie registered B727 freighter all ready to go, just waiting for the nod from CASA. Whats the holdup? The small matter of heavy maintenance? Maybe an engine overhaul? An approved system of maintenance? Crew training? Engineers? A hangar for the occasional visit? Spares? Support from Boeing? You could have 20 tons of payload and quite a schmicko operation for the same 1.5 mill.
Ah but there's a catch to all this. Those unreasonable people at CASA blocking you for no good reason. Sic the lawyers onto them, that will show them.
Keep up with the medication.
