Vincent in receivership !!!
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It is ALWAYS sad when a person loses their job. I could have this ALL wrong, I'm thinking of the employer's perspective, though, who invested time, money and aircraft hours training up the ex Brindie pilot only to have him leave a few months later when a "better" offer seemingly presented itself....
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the 146 was also on NZ register.
couldn't Vincent NZ operate some of OZ ops ?
Apparently avoids casa as they would operate under NZ caa rules. Heard much easier for an NZL airline to operate in OZ, than an OZ airline. crazy but if it avoids casa compliane nonscience, then why do we need casa at all ?
couldn't Vincent NZ operate some of OZ ops ?
Apparently avoids casa as they would operate under NZ caa rules. Heard much easier for an NZL airline to operate in OZ, than an OZ airline. crazy but if it avoids casa compliane nonscience, then why do we need casa at all ?
Last edited by XPT; 29th May 2014 at 02:54.
Originally Posted by swab
It is ALWAYS sad when a person loses their job. I could have this ALL wrong, I'm thinking of the employer's perspective, though, who invested time, money and aircraft hours training up the ex Brindie pilot only to have him leave a few months later when a "better" offer seemingly presented itself....
Regardless, a shame to see the smaller end of the commercial & RPT sector getting ripped again.
Regardless, a shame to see the smaller end of the commercial & RPT sector getting ripped again.
Hope all staff are able to find alternative employment quickly.
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Vincent Aviation's Australian operation in receivership
7:31 PM Thursday May 29, 2014
Wellington-based Vincent Aviation's Australian operation has been put in receivership in what the airline says is a bid to shore up its New Zealand business.
Vincent ran a fleet of nine leased aircraft and employed 80 people in Australia where it had set up a subsidiary largely to service the mining industry.
Chief executive Peter Vincent said the company had spent "millions of dollars" on the operation since 2001 but demand had dropped and attempts to find a buyer had failed.
"We've had three prospective purchasers fall through so in the end had no option but to put the Australian arm of the company into receivership. It wasn't forced on us by a bank or anything."
Vincent said some passengers who had paid in cash would become an unsecured creditor but that would be a "very small proportion" of passengers would be affected.
"The business has been running at a loss for some time and it got to the stage where we couldn't continue to prop it up. Trading conditions had become increasingly difficult."
He blamed the slowdown in mining and also high compliance costs.
"We're not the first airline that has failed and won't be the last probably.'
Vincent's Australian operations were based in Darwin and had just been awarded a scheduled passenger route from Sydney to western New South Wales.
In New Zealand the company flies the Life Flight Trust air ambulance, provides charter aircraft for Air New Zealand and private operators.
He said the failure in Australia had put pressure on the business.
"I'd love to say it doesn't but the situation in Australia has put a strain on New Zealand operation for a long time which we're trying to alleviate. We're hopeful that without that loss that the New Zealand company can continue. "
He said the New Zealand operation was profitable.
"It is separate and the reason we've done this is to ensure the continued viability of the New Zealand operation. It's going to take a little while for people to get confidence back in us." Vincent was set up in 1990.
7:31 PM Thursday May 29, 2014
Wellington-based Vincent Aviation's Australian operation has been put in receivership in what the airline says is a bid to shore up its New Zealand business.
Vincent ran a fleet of nine leased aircraft and employed 80 people in Australia where it had set up a subsidiary largely to service the mining industry.
Chief executive Peter Vincent said the company had spent "millions of dollars" on the operation since 2001 but demand had dropped and attempts to find a buyer had failed.
"We've had three prospective purchasers fall through so in the end had no option but to put the Australian arm of the company into receivership. It wasn't forced on us by a bank or anything."
Vincent said some passengers who had paid in cash would become an unsecured creditor but that would be a "very small proportion" of passengers would be affected.
"The business has been running at a loss for some time and it got to the stage where we couldn't continue to prop it up. Trading conditions had become increasingly difficult."
He blamed the slowdown in mining and also high compliance costs.
"We're not the first airline that has failed and won't be the last probably.'
Vincent's Australian operations were based in Darwin and had just been awarded a scheduled passenger route from Sydney to western New South Wales.
In New Zealand the company flies the Life Flight Trust air ambulance, provides charter aircraft for Air New Zealand and private operators.
He said the failure in Australia had put pressure on the business.
"I'd love to say it doesn't but the situation in Australia has put a strain on New Zealand operation for a long time which we're trying to alleviate. We're hopeful that without that loss that the New Zealand company can continue. "
He said the New Zealand operation was profitable.
"It is separate and the reason we've done this is to ensure the continued viability of the New Zealand operation. It's going to take a little while for people to get confidence back in us." Vincent was set up in 1990.
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The beginning of the end????
or a symptom that the tipping point has been reached.
GA is simply unsustainable under the current regulatory burden.
GA will be all but gone in five years, replaced by heavily subsidized entities like the RFDS to cater for essential services, Kiwiland will cater for flying training, and corporate will go to whichever tax haven offers the most attractive deal. Our domestic airlines will follow, the best thing from all this is CAsA will become irrelevant.
or a symptom that the tipping point has been reached.
GA is simply unsustainable under the current regulatory burden.
GA will be all but gone in five years, replaced by heavily subsidized entities like the RFDS to cater for essential services, Kiwiland will cater for flying training, and corporate will go to whichever tax haven offers the most attractive deal. Our domestic airlines will follow, the best thing from all this is CAsA will become irrelevant.
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Thorn bird, and as GA shrinks and industry banks to the right and enters a steep nose down attitude at close proximity to the ground guess what - CAsA will keep growing in power, salaries and rorts to Montreal! I can see it now, in the not so distant future, the CAsA DAS and CFO of the time sitting outside Fort Fumbles Brisbane office in the garden (not during summer as there are snake risks at the building) puffing on cigars as another operator goes bust, another operator gets bullied, another operator gets broken by CAsA's bottomless pit of legal money, and another airports RWY gets shortened so as to accommodate the installation of a McDonalds, duty free complex and ****ty hotel.
Vincent, Aeropelican, Macair etc etc, just airlines, who needs them and who cares!
Aviation? Who needs aviation!
Vincent, Aeropelican, Macair etc etc, just airlines, who needs them and who cares!
Aviation? Who needs aviation!
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think XPT right, in that they operated a NZL registered 146 under NZ CAA rules whih presumeably meant avoid Casa altogether.
On this theme, instead of setting up any airline in OZ, set it up in NZL, but fly in oZ. Seems muCh better way to go.
On this theme, instead of setting up any airline in OZ, set it up in NZL, but fly in oZ. Seems muCh better way to go.
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Is it me... or is it a little odd that pretty much all the aircraft have disspeared from Darwin of Vincents so damn quick?
VH-EMK has been returned to lessor Awesome Aviation as of this morning
VH-EMK has been returned to lessor Awesome Aviation as of this morning
Is it me... or is it a little odd that pretty much all the aircraft have disspeared from Darwin of Vincents so damn quick?
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