Strategic Aviation to buy Ozjet
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Strategic Aviation to buy Ozjet
I have it from a good source that Strategic Aviation is going to buy what is left of Oz Jet 
. According to an insider, strategic is only taking on OZ Jet to get an AOC. Why? because despite CASA stating that "an AOC can not be bought", it is quite clear it can.
While this is good news for the Oz Jet guys and girls, one has to wonder what the hell are the managers at Strategic thinking? Even if they buy the company, getting an AOC transfered with a completly new management structure approved is not a task that can be done in a matter of a few months. If they are thinking of putting the A330 and 320 on the Oz Jet AOC then it could take up to 12 - 18 months to get it all approved by CASA.
. According to an insider, strategic is only taking on OZ Jet to get an AOC. Why? because despite CASA stating that "an AOC can not be bought", it is quite clear it can. While this is good news for the Oz Jet guys and girls, one has to wonder what the hell are the managers at Strategic thinking? Even if they buy the company, getting an AOC transfered with a completly new management structure approved is not a task that can be done in a matter of a few months. If they are thinking of putting the A330 and 320 on the Oz Jet AOC then it could take up to 12 - 18 months to get it all approved by CASA.
Maybe, but I wouldn't bet on it. They were "going to buy" SAW as well, just that the price they offered was not gonna cover the administrators fees, let alone any of the employee's entitlements, etc, so not accepted (rumour).
As mentioned elsewhere, it would most likely be cheaper and certainly result in a much "cleaner" AOC, to start from scratch with the Airbus manuals.
As mentioned elsewhere, it would most likely be cheaper and certainly result in a much "cleaner" AOC, to start from scratch with the Airbus manuals.
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Oh dear!
Their website is pretty flash but I think they may have to reword some of their press releases.
Like this little gem.
Pretty bold statement.
Like this little gem.
The airline will launch with an Airbus A330-300, which Mr James said was one of the safest aircraft in
aviation history. The Airbus will have the flexibility of being able to be configured with business, premium
economy and economy seats and will support Strategic Airlines’ access to a range of planes to meet
customers’ needs.
aviation history. The Airbus will have the flexibility of being able to be configured with business, premium
economy and economy seats and will support Strategic Airlines’ access to a range of planes to meet
customers’ needs.
Pretty bold statement.
The Reverend
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safest aircraft in
aviation history.
aviation history.
A very BOLD statement to make about an extremely safe aircraft whose unfortunate accident of late, that has so far not even been located; let alone any factual reason yet discovered for the tragedy.
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safest aircraft in
aviation history.
aviation history.
Even if that recent accident was later found to be a fault of the aircraft, it would still be "one of the safest aircraft in aviation history".
Learn to read and comprehend, betaman
Whispering "T" Jet
Getting back to the original topic. Sorry to tell you Australianguy(and your mates, good source and insider) but you cannot buy an Australian AOC.
If you could, then Heavylift would have had an AOC now. (Ozjet's!)
Now I am not saying Strategic are not interested in buying Ozjet, that may well be. However, if they are buying Ozjet because they think they can avoid the CASA paperwork and bureaucracy of obtaining an Australian AOC, then they are going to be disappointed. Just ask Nick.
Strategic does not have to apply to CASA to takeover Ozjet. As someone said before, what is that **** "good source" and "insider" are smoking!
If you could, then Heavylift would have had an AOC now. (Ozjet's!)
Now I am not saying Strategic are not interested in buying Ozjet, that may well be. However, if they are buying Ozjet because they think they can avoid the CASA paperwork and bureaucracy of obtaining an Australian AOC, then they are going to be disappointed. Just ask Nick.
Word there is that application has been made to CASA for Strategic to take over Ozjet.
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Buy an AOC
Strategic would need to buy OzJet and do a deal with the creditors of OzJet through the administrator. Then they could restart the company with one (or more) B737-200's, probably easiest would be ex OzJet aircraft. Next add a new type to the AOC; A320? It would be a lot simpler and quicker than starting from scratch. CASA could be helpfull if the staff of OzJet would be retained. OzJet management and Strategic management are somewhat familiar with each other already?
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agree
the Act is clear - and esp., given others have (admirably) failed at trying to get such a pitch up;
"an AOC is not like a taxi plate or a broadcasting licence - nor should it be."
AT
the Act is clear - and esp., given others have (admirably) failed at trying to get such a pitch up;
"an AOC is not like a taxi plate or a broadcasting licence - nor should it be."
AT
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According to an insider, strategic is only taking on OZ Jet to get an AOC. Why? because despite CASA stating that "an AOC can not be bought", it is quite clear it can.
Leave that to the PPRuNe'rs.
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Of course you can buy an AOC; an example would be the sale of Macair. Should strategic buy the AOC of Ozjet, all that will be required is the approval of the new management structure. From there one would assume that Strategic would apply to have the A330 and 320 added to the AOC. And rumour has it that Strategic has applied to CASA for the approval of a new management structure for Ozjet. Good luck
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you cannot buy an AOC...... but the AOC belongs to a company, and you can buy an existing company with an AOC and retain the AOC with a few approved changes in the management structure. pretty simple really.
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Strategic Aviation to buy Ozjet
No surprises there. Strategic announced last month they
were planning to buy a regional carrier. Also, it is no surprise
that Strategic is interested in Ozjet since there is a management
link between the two. Good luck to them!
were planning to buy a regional carrier. Also, it is no surprise
that Strategic is interested in Ozjet since there is a management
link between the two. Good luck to them!
It would require a Creditor's Deed of Arrangement for Strategic to buy the shares in the OzJet operating company (which holds the AOC). As they will not be interested in assuming liability for OzJet's debts, I imagine a number of creditors, including staff, will be seeking some form of satisfaction before agreeing to the scheme.
Until full details are provided to the creditors for their approval, this thread (and the rumours herein) are a total non event.
The transaction has nothing to do with CASA and it would be totally inappropriate for CASA to accept or consider any "approval of a new management structure for Ozjet" application from Strategic and, as OzJet is controlled by the Administrator, he can not be apply to CASA without Creditors approval.
You can not "buy" an AOC. The legal entity "Macair" did not change; only the shares changed ownership.
Until full details are provided to the creditors for their approval, this thread (and the rumours herein) are a total non event.
The transaction has nothing to do with CASA and it would be totally inappropriate for CASA to accept or consider any "approval of a new management structure for Ozjet" application from Strategic and, as OzJet is controlled by the Administrator, he can not be apply to CASA without Creditors approval.
"Of course you can buy an AOC; an example would be the sale of Macair."
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Torres.....at long last someone talking some sense. Process exactly as you have described and by no means a foregone conclusion with expressions of interest to the Administrator also coming from at least two other bidders thought to be Alliance & Skywest, both of whom would not be keen to see Strategic given a free kick. Also suspect there may be a few creditors keen to support rival bids if they provide a better financial outcome.
Next creditors meeting 24th June and until then people can speculate all they like.
Next creditors meeting 24th June and until then people can speculate all they like.
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There is always one or in this case two!
HotDog & FGD135
I rarely enter into a battle of wits with unarmed opponents, but for you guys I will make an exception.
Correct my bolding, your deductive powers are obviously wasted on PPRune.
I didn't mention anything about the "unfortunate accident of late" YOU did.
The point of my post, which was obviously lost on you & FGD, is the ridiculous statement made in the press release which has no basis in fact. It is akin to that other gem of a saying often quoted in press releases "worlds best practice".
FGD135 maybe your reading & comprehension skills could do with a bit of polish up.
I included the whole paragraph rather than quote, as you did, a small portion. This was to avoid being taken out of context so the reader can make up their own mind. It matters not that the aircraft is supposed to be "one of the safest" or "the safest" it is still a stupid statement to make about any aircraft.
PS You guys aren't EADS salesmen perchance?
Back to the topic.
Australianguy: I have friends & former colleagues who have been caught up in the Ozjet & SAW mess so I sincerely hope this is not just another exercise in futility.
I rarely enter into a battle of wits with unarmed opponents, but for you guys I will make an exception.
That is your BOLD, I presume?
A very BOLD statement to make about an extremely safe aircraft whose unfortunate accident of late, that has so far not even been located; let alone any factual reason yet discovered for the tragedy.
A very BOLD statement to make about an extremely safe aircraft whose unfortunate accident of late, that has so far not even been located; let alone any factual reason yet discovered for the tragedy.
I didn't mention anything about the "unfortunate accident of late" YOU did.The point of my post, which was obviously lost on you & FGD, is the ridiculous statement made in the press release which has no basis in fact. It is akin to that other gem of a saying often quoted in press releases "worlds best practice".
Even if that recent accident was later found to be a fault of the aircraft, it would still be "one of the safest aircraft in aviation history".
Learn to read and comprehend, betaman
Learn to read and comprehend, betaman
I included the whole paragraph rather than quote, as you did, a small portion. This was to avoid being taken out of context so the reader can make up their own mind. It matters not that the aircraft is supposed to be "one of the safest" or "the safest" it is still a stupid statement to make about any aircraft.
PS You guys aren't EADS salesmen perchance?
Back to the topic.
Australianguy: I have friends & former colleagues who have been caught up in the Ozjet & SAW mess so I sincerely hope this is not just another exercise in futility.
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Why would any Australian HC AOC holder (like the ones mentioned) lodge an expression of interest??? Surely they would only be trawling for information. Strategic may be in a bit of a spell here with their aircraft being delivered shortly and no AOC in sight yet; that could be expensive...!
Anyone could lodge "an expression of interest" with the Administrator to acquire the company (and thus the AOC) under a scheme of arrangement. I have no idea why and would be very surprised if an existing AOC holder would be interested in going through the process, gaining creditors agreement etc. I think the creditors would not be interested unless there was a very significant financial benefit in the deal.
Occasionally, the original share holders/Directors may offer to buy back the company in Administration (and thus AOC) through a negotiated dividend (cents in the dollar) on the debts.
Ansett Airlines (company and AOC) was for sale for at least a year, perhaps longer, before being relinquished back to CASA for cancellation.
I hate to rain on your parade, but I would be very surprised if OzJet (and it's AOC) were sold.
Occasionally, the original share holders/Directors may offer to buy back the company in Administration (and thus AOC) through a negotiated dividend (cents in the dollar) on the debts.
Ansett Airlines (company and AOC) was for sale for at least a year, perhaps longer, before being relinquished back to CASA for cancellation.
I hate to rain on your parade, but I would be very surprised if OzJet (and it's AOC) were sold.