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Virgin Australia to be privatised ?

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Virgin Australia to be privatised ?

Old 4th Apr 2016, 09:56
  #61 (permalink)  
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Further to SVHC comments above, A mate from Alliance told me today that they are taking over the EML flying and most likely GLT as well. So it looks like the Brisbane ATR base is about to get smaller.
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Old 4th Apr 2016, 11:57
  #63 (permalink)  
 
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Thanks Icarus, exactly what I was trying to say and Leadsled can try and wriggle his way out of it by leaving one of the definitions out, not to mention turning a discussion into some sort of competition
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Old 4th Apr 2016, 23:30
  #64 (permalink)  
 
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Leadsled is not wrong though.

When I first saw the thread title I was somewhat amused.

It is terminology usage.
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Old 5th Apr 2016, 15:13
  #65 (permalink)  
 
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BPA - Is this likely to be for all EML flights?

I fly this route regularly so wonder if i should be expecting to see an Alliance plane sitting at the gate soon!
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Old 6th Apr 2016, 04:55
  #66 (permalink)  
 
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Originally Posted by Anotherday View Post
The Australian view: An amazingly well run Aussie company that Air NZ have no choice but to exit from due to needing capital to fight tough competition in its home market.

The rest of planet earth including analysts and Air NZ view: another Aussie dog of a company that, in spit of restructuring is still basically a pennies in the dollar LCC. Changing the collar doesn't mean you have a new dog. Blowing through $150 mill in cash reserves to make $60mill profit doesn't make sense in any other first world country.

Air NZ sell, take a $200mill write down and move on. 10 yrs from now they'll be glad it was only $200mill.

We're about to find out what VB is really worth, I'm guessing not much.
It's worth billions if you listen to the hype within the bubble but outside it's a case of cold reality. It has been one of the most hyped up companies I've seen for a long time, every article for the last 3 years has lauded over what a genius the mail room boy is and fueled the rather ordinary book 'game change' which was not worth the money and all along some of us have been asking 'but what about the return on shareholder's funds' 'when are they ever going to make a profit' and 'how long can the mail room occupant retain the job while spending without earning' and now the chickens are coming home to roost... it was all hype after all and now the real accounting starts...

Last edited by AerialPerspective; 4th Dec 2017 at 06:35. Reason: Sp
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Old 6th Apr 2016, 11:21
  #67 (permalink)  
 
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CurtinTwitcher, thanks for the post, reminded me of a previous article with the same union making comment, yet from a different angle.

What an amazing turnaround in engagement in such a short period of time.

On March 21, the AFR quoted:

In the latest newsletter from The Association for Virgin Group Pilots (VIPA), union president John Lyons said the level of disengagement was "astonishing" and short- and long-term illness was at an all-time high. He blamed a lack of co-operation and communication between departments.

Virgin Australia aims for $500 million balance-sheet fix | afr.com


Fast forward to April 1, the AFR quoted:

"It is a far better place to work at than it was years ago. He has done a remarkable job turning Virgin around there are no two ways around it," says John Lyons, the president of the Association for Virgin Australian Australia Group Pilots, which represents about 50 per cent of the carrier's pilots.
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Old 7th Apr 2016, 06:59
  #68 (permalink)  
 
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Singapore just did a little deal to up their ownership, interesting times.

Singapore Airlines boosts stake in Virgin Australia
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Old 7th Apr 2016, 07:31
  #69 (permalink)  
 
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Any truth that VA are in a negative cashflow situation, and various creditors are unpaid? All unfounded rumours, but certainly not a sustainable position if this is even close to accurate.
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Old 7th Apr 2016, 08:18
  #70 (permalink)  
 
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Singapore Airlines boosts stake in Virgin Australia
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Old 7th Apr 2016, 23:19
  #71 (permalink)  
 
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Yes that is correct flamingmoe
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Old 8th Apr 2016, 01:42
  #72 (permalink)  
 
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Conniver, have you got a link to the 1 April quote? I find it hard to believe as it completely contradicts everything I've read from VIPA to date.

Lot of first time posters on here. Few of the lads coming out the woodwork!
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Old 8th Apr 2016, 03:48
  #73 (permalink)  
 
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Berealgetreal

You could go back to Curtain twitcher's post number 50,

Virgin shareholder spat sparks aviation shake-up | afr.com

Your shocked that VIPA is contradicting itself??
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Old 15th Apr 2016, 12:29
  #74 (permalink)  
 
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Cheers Keith, I missed it.

An incredible turn around indeed! Confusing to say the least.
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Old 19th Apr 2016, 01:04
  #75 (permalink)  
 
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Air New Zealand sale could mean big payday for Virgin Australia's John Borghetti

Air New Zealand's failed attempt to oust Virgin Australia chief executive John Borghetti could have the ironic result of the airline boss receiving a payout of around $8 million if Singapore Airlines makes a successful takeover bid

Air NZ CEO quit the board because he didn't have the numbers to sack JB.
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Old 19th Apr 2016, 03:39
  #76 (permalink)  
 
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Since Mr Borghetti's appointment in May 2010, Virgin shares have fallen by 27.6 per cent while shares in rival Qantas have risen by 60.5 per cent.
And that, ladies & gentleman, is why these people get paid the millions they do...
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Old 19th Apr 2016, 04:10
  #77 (permalink)  
 
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What, so they can employ the most creative accountants they can, and manage to manipulate the stock price, on which their bonuses are based? Neither of them are worth the money they are paid. Not even close.
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Old 4th May 2016, 02:03
  #78 (permalink)  
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With the share price back to 31c and a published NTA of 15c the outlook is not 'rosy'.
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Old 4th May 2016, 05:44
  #79 (permalink)  
 
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China Southern and Hainan are quoted to be interested.

Singapore really needs to take control of this mob. Money doesn't appear to be an issue.
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Old 24th May 2016, 03:30
  #80 (permalink)  
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With the Virgin Aust (VAH) share price now at a historic low and a corresponding low market capitalisation it would be interesting to know if VAH are in breach of any lease or loan covenants.
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