14th Jun 2016, 18:31 - Wikipost
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Virgin Embraer Fleet
It appears AuzPilotand and splat72 maybe the same poster.
The $1,000,000,000 capital raising is to pay 12 month loans ($425,000,000) and the remainder to prop the share capital up. There are no funds available to purchase anyone.
The $1,000,000,000 capital raising is to pay 12 month loans ($425,000,000) and the remainder to prop the share capital up. There are no funds available to purchase anyone.
Join Date: Aug 2007
Location: australia
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There may be funds there possibly ?
$584m balance start
+$425 m loan
$1009m balance
+$159m HNA purchase
+$852m right issue
$2022m balance
-$425m loan repayment
$1597m balance (extra 1b)
-250m restructure cost
$1347 balance
Maybe some spare capital to purchase another asset ? Might be possible who knows.
$584m balance start
+$425 m loan
$1009m balance
+$159m HNA purchase
+$852m right issue
$2022m balance
-$425m loan repayment
$1597m balance (extra 1b)
-250m restructure cost
$1347 balance
Maybe some spare capital to purchase another asset ? Might be possible who knows.
Join Date: Jun 2000
Location: Australia
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And while you are at it Soup Nazi, can you expand in your comment about the E190 being the wrong aircraft for Australia.
Given what happened with VARA, I can't see VA purchasing another operator ie Alliance, but I can see them having a long term agreement (5-10 years) with Alliance to take over some of the E190 and ATR routes.
Given what happened with VARA, I can't see VA purchasing another operator ie Alliance, but I can see them having a long term agreement (5-10 years) with Alliance to take over some of the E190 and ATR routes.
No being rude but let me correct your maths there,
$584m balance start
+$425 m loan
$1009m balance Correct
+$159m HNA purchase
+$852m right issue
$2022m balance
-$425m loan repayment
-$160m loan repayment (US$125M due August)
$1437m balance
-250m restructure cost (I think you will find this increases significantly)
$1187 balance
-350m (approx. delivery deposits for MAX)
$837 remaining
Back to square 1
$584m balance start
+$425 m loan
$1009m balance Correct
+$159m HNA purchase
+$852m right issue
$2022m balance
-$425m loan repayment
-$160m loan repayment (US$125M due August)
$1437m balance
-250m restructure cost (I think you will find this increases significantly)
$1187 balance
-350m (approx. delivery deposits for MAX)
$837 remaining
Back to square 1
Join Date: Aug 2007
Location: australia
Posts: 9
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Thanks for the correction TWO BAGS, as I said "who would know??" myself included.
350m for delivery slots
Where is this public info ??
Are you on the order team for VA or do you work for Boeing ??
If the are deposits would they not already have been paid?
Next delivery max due 2018 not 2016? So that capital requirement is at least two years away ?
Again please correct my mistakes, I'm sure there possible may be some.
350m for delivery slots
Where is this public info ??
Are you on the order team for VA or do you work for Boeing ??
If the are deposits would they not already have been paid?
Next delivery max due 2018 not 2016? So that capital requirement is at least two years away ?
Again please correct my mistakes, I'm sure there possible may be some.
Heard the some Australian operator has ordered 17 E2s, might be for that? Would be interesting if they are quiet enough to operate inside the curfew hours
Last edited by SpyderPig; 18th Jun 2016 at 09:24.
Personally I think the executive needs to get its **** in a pile and manage what it has appropriately before buying anything else.
The Skywest deal was great for the previous owners and that is about it.
Remember the bidding war over hazos in the period before Ansett went legs up, seems like history is repeating itself over and over.
The Skywest deal was great for the previous owners and that is about it.
Remember the bidding war over hazos in the period before Ansett went legs up, seems like history is repeating itself over and over.
Berealgetreal, I'm no fan of Rex either, but perhaps you should do some homework:
http://www.businessinsider.com.au/re...er-loss-2016-2
They have a monopoly on most of the routes they fly and I don't know of many other Aussie airlines around who can say they've pulled a profit every year since 2002, do you?
http://www.businessinsider.com.au/re...er-loss-2016-2
They have a monopoly on most of the routes they fly and I don't know of many other Aussie airlines around who can say they've pulled a profit every year since 2002, do you?
Maybe you should read my post. Which says - last thing they (Virgin) need is another type (which is clapped out).
Given they(Rex) have a "monopoly on most routes" as you say, makes sense that they would make money out of them wouldn't it?
Why would I spend my time reading about some bloody turbo prop outfit? The only time I've seen media on them is when they are writing stupid letters to would be cadets or having industrial action taken against them for one reason or another. Pretty clear where some of that profit comes from!
Wouldn't have a clue what Atr vs Saab numbers are. Who cares?
Given they(Rex) have a "monopoly on most routes" as you say, makes sense that they would make money out of them wouldn't it?
Why would I spend my time reading about some bloody turbo prop outfit? The only time I've seen media on them is when they are writing stupid letters to would be cadets or having industrial action taken against them for one reason or another. Pretty clear where some of that profit comes from!
Wouldn't have a clue what Atr vs Saab numbers are. Who cares?