Air Australia!
Flights are full!
Join Date: Aug 2007
Location: between supple thighs
Posts: 243
Likes: 0
Received 0 Likes
on
0 Posts
From The Australian
FORMER 1980s high-flyer Geoffrey Edelsten has emerged as a potential white knight for the troubled airline Air Australia.
The investment would be the latest in a string of purchases during a six-month spending spree that has so far yielded the entrepreneur and deregistered medico an Indonesian coalmine, 1200 US properties and a Caribbean casino.
Speaking to The Australian, Mr Edelsten said: "Some weeks ago I received an approach to look at investing in an airline, which I declined. They have since made a new approach and we will listen to what they say."
A spokesman for Air Australia said the owners were "open to the possibility of equity investment with the right partner . . . however, no commitments have been made".
Sources close to the deal say that discussions are under way to make Mr Edelsten's 28-year-old wife Brynne, a former fitness instructor, the face of the company.
"You really need to understand the business if you invest in an airline. Although I am a pilot, running a commercial airline would require a great deal of expertise to be successful," Mr Edelsten said.
"As an investment it's got to stand alone."
The deal would cement a lifelong interest in aviation for Mr Edelsten, who survived a helicopter crash at Melbourne's Moorabbin airport in December 2009.
Asked if his involvement would extend to flying, he said: "My wife won't let me. The closest I get to flying these days is with a remote control helicopter she bought me for Christmas."
Last week, The Australian uncovered a dispute between Air Australia and travel agents Flight Centre who were concerned about reports that underwriters would not provide the airline with insolvency insurance.
Formerly Strategic Airlines, Air Australia operates a limited service between a handful of Australian cities and some Southeast Asian holiday destinations. The airline was acquired by Strategic from aviation entrepreneur Paul Stoddart in July 2009 under the name OzJet.
FORMER 1980s high-flyer Geoffrey Edelsten has emerged as a potential white knight for the troubled airline Air Australia.
The investment would be the latest in a string of purchases during a six-month spending spree that has so far yielded the entrepreneur and deregistered medico an Indonesian coalmine, 1200 US properties and a Caribbean casino.
Speaking to The Australian, Mr Edelsten said: "Some weeks ago I received an approach to look at investing in an airline, which I declined. They have since made a new approach and we will listen to what they say."
A spokesman for Air Australia said the owners were "open to the possibility of equity investment with the right partner . . . however, no commitments have been made".
Sources close to the deal say that discussions are under way to make Mr Edelsten's 28-year-old wife Brynne, a former fitness instructor, the face of the company.
"You really need to understand the business if you invest in an airline. Although I am a pilot, running a commercial airline would require a great deal of expertise to be successful," Mr Edelsten said.
"As an investment it's got to stand alone."
The deal would cement a lifelong interest in aviation for Mr Edelsten, who survived a helicopter crash at Melbourne's Moorabbin airport in December 2009.
Asked if his involvement would extend to flying, he said: "My wife won't let me. The closest I get to flying these days is with a remote control helicopter she bought me for Christmas."
Last week, The Australian uncovered a dispute between Air Australia and travel agents Flight Centre who were concerned about reports that underwriters would not provide the airline with insolvency insurance.
Formerly Strategic Airlines, Air Australia operates a limited service between a handful of Australian cities and some Southeast Asian holiday destinations. The airline was acquired by Strategic from aviation entrepreneur Paul Stoddart in July 2009 under the name OzJet.
Join Date: Nov 1999
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
Says it all really. Anyone still think that it is not probably a basket case.
Edelesten would be seen as a last ditch investor that you troll around for when desperate. There is no natural linkage to this business. People with something to add and who could see the potential haven't seen any I would think.
They certianly don't need this sort of press. Anyone with concerns before would now be very worried.
Oh... Did someone mention vultures!!
Edelesten would be seen as a last ditch investor that you troll around for when desperate. There is no natural linkage to this business. People with something to add and who could see the potential haven't seen any I would think.
They certianly don't need this sort of press. Anyone with concerns before would now be very worried.
Oh... Did someone mention vultures!!
Last edited by Rudder; 28th Dec 2011 at 18:01.
Join Date: Oct 2009
Location: Alabama, then Wyoming, then Idaho and now staying with Kharon on Styx houseboat
Age: 61
Posts: 1,437
Likes: 0
Received 0 Likes
on
0 Posts
Sad
R.I.P AA.
Not a good news report by any means. Regardless of people's personal feelings within this competitive industry there would be some stressed staff at AA about now, best of luck to you all over the coming months.
Not a good news report by any means. Regardless of people's personal feelings within this competitive industry there would be some stressed staff at AA about now, best of luck to you all over the coming months.
R.I.P AA.
Not a good news report
Not a good news report
Strategic Group open to outside equity
BY: STEVE CREEDY From: The Australian December 30, 2011 12:00AM
STRATEGIC Group says it has overseas interest in its recently formed engineering business and restated the group's openness to outside equity investment in its airline operations.
The airline confirmed yesterday that two overseas companies had expressed interest in investing in Brisbane-based Strategic Engineering Australia, set up to carry out maintenance on its Air Australia fleet of Airbus A320 and A330 aircraft, and that talks were under way.
Join Date: Mar 2007
Location: Look up and wave
Posts: 359
Likes: 0
Received 0 Likes
on
0 Posts
Tuesday 22nd November 2011
Air Australia International P/L has been a flying school and a charter company since 1992.
Another company has now renamed itself to Air Australia and is offering cheap flights to foreign destinations. And the Australian Government Department in charge of registering names will not stop anyone from using anyone else’s company name unless the original company can prove the new company is damaging the original company.
Lots of people have been calling and emailing us through our website to find out more on the price and destinations of these cheap flights.
We are still only a flying school and air charter company. We suggest to them the old adage “ If it sounds too good to be true, it probably is” . The price of these trips do seem to be too good to be true.
About 10-12 years ago a company calling themselves Air Australia World Travel offered $99 Return flights to Bali from various places in Australia. This new company seems to have all the markings of them. As far as I know, no one made it to Bali on their offer but lots of people called me bitchin’ and wanting their money back after the company disappeared overnight with their money. As I offered to these irate folks, “Fools and their money are easily separated.” I truly hope I do not have to say this to anyone else but I suspect I will.
Chuck McElwee
Managing Director
Air Australia International P/L
Air Australia International P/L has been a flying school and a charter company since 1992.
Another company has now renamed itself to Air Australia and is offering cheap flights to foreign destinations. And the Australian Government Department in charge of registering names will not stop anyone from using anyone else’s company name unless the original company can prove the new company is damaging the original company.
Lots of people have been calling and emailing us through our website to find out more on the price and destinations of these cheap flights.
We are still only a flying school and air charter company. We suggest to them the old adage “ If it sounds too good to be true, it probably is” . The price of these trips do seem to be too good to be true.
About 10-12 years ago a company calling themselves Air Australia World Travel offered $99 Return flights to Bali from various places in Australia. This new company seems to have all the markings of them. As far as I know, no one made it to Bali on their offer but lots of people called me bitchin’ and wanting their money back after the company disappeared overnight with their money. As I offered to these irate folks, “Fools and their money are easily separated.” I truly hope I do not have to say this to anyone else but I suspect I will.
Chuck McElwee
Managing Director
Air Australia International P/L
sounds like a conspiracy to me
Join Date: May 2010
Location: More than 300km from SY, Australia
Posts: 817
Likes: 0
Received 0 Likes
on
0 Posts
A380 Over melbourne - Boxing Day 2011 QF 11
d concord:
So long as it involved a FLY-BY of the MCG on Boxing Day!!!
http://www.pprune.org/dg-p-reporting...melbourne.html
Have fun!!
So long as it involved a FLY-BY of the MCG on Boxing Day!!!
http://www.pprune.org/dg-p-reporting...melbourne.html
Have fun!!
Last edited by Up-into-the-air; 31st Dec 2011 at 08:12. Reason: add thread link
Join Date: Dec 2011
Location: Brisbane
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
Looks like the insurance issues with Flight Centre are drawing to a close.
Cookies must be enabled | The Australian
FLEDGLING carrier Air Australia has moved to end a stand-off with Flight Centre over its financial details. Flight Centre spokesman Haydn Long confirmed yesterday that the travel company had signed a preferred airline deal with Air Australia after the airline moved to allay concerns about its finances.
Join Date: Nov 1999
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
Its all of their doing Tourismman. Nobody has been proved wrong in any way.
They were the ones that had their solvency questioned by companies that they needed on side (which by the way there have been no reports that they have satisfied... Hopefully they have or this will rear its head again
As alluded to, 30 seats on an A330 may not be a winning formula but neither is it on an A320.
The people I know that work there are great guys and in fairness don't appear to bag the company any more than any other company gets it so they must be doing something OK.
Like I keep saying, I hope it works out for them but don't think it will.
They were the ones that had their solvency questioned by companies that they needed on side (which by the way there have been no reports that they have satisfied... Hopefully they have or this will rear its head again
As alluded to, 30 seats on an A330 may not be a winning formula but neither is it on an A320.
The people I know that work there are great guys and in fairness don't appear to bag the company any more than any other company gets it so they must be doing something OK.
Like I keep saying, I hope it works out for them but don't think it will.
Join Date: Jan 2011
Location: Brisbane
Posts: 14
Likes: 0
Received 0 Likes
on
0 Posts
30 seat?
Rudder I'm not sure where you get 30seats from? Most a320 flights have been about 120 to 140 on them. A330 have been getting great loads as well. If your 30 seat story is correct than it would of been just one flight. I have been on qantas flights and had most the cabin to my self. I'm not sure why you have to be so negative for?
Join Date: Nov 1999
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
Bobo,
Go up a couple of post and you will see where the 30 seats come from. All in the context of an A330. And clearly in the context of Brisbane to Melbourne RPT service. Well if true, its bad on an A320 as well.
I really couldn't care less how they go personally. Happy for them to succeed for a number of friends sakes. I have been aware of other issues that I have not thrown in the mix intentionally. The issues here in the forum of recent times have been very public and of Strategics doing entirely.
Strategic makes no sense and as I keep saying I doubt that they will succeed. just an opinion but hey, I've been wrong before and will be again. I will be more than happy to be proved wrong in this case.
Go up a couple of post and you will see where the 30 seats come from. All in the context of an A330. And clearly in the context of Brisbane to Melbourne RPT service. Well if true, its bad on an A320 as well.
I really couldn't care less how they go personally. Happy for them to succeed for a number of friends sakes. I have been aware of other issues that I have not thrown in the mix intentionally. The issues here in the forum of recent times have been very public and of Strategics doing entirely.
Strategic makes no sense and as I keep saying I doubt that they will succeed. just an opinion but hey, I've been wrong before and will be again. I will be more than happy to be proved wrong in this case.