Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

VA big loss

Old 7th Aug 2016, 21:45
  #21 (permalink)  
 
Join Date: Feb 2002
Location: NSW
Posts: 190
Reading peoples mail in the mail room doesn't qualify one to lead an airline>>

Reading this suggest some major structural and business decisions went haywire. I note that those who created the "bad scene with too many types" are now the ones attempting to fix it!
http://australianaviation.com.au/201...osting-demand/

Last edited by TBM-Legend; 8th Aug 2016 at 05:58.
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Old 8th Aug 2016, 11:25
  #22 (permalink)  
 
Join Date: Apr 2015
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The point I was making,is it was supposed to be a LCC.🛩
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Old 8th Aug 2016, 12:02
  #23 (permalink)  
 
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It is Tigerair..
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Old 8th Aug 2016, 15:14
  #24 (permalink)  
 
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Maybe time for a wage freeze... Bastards...
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Old 9th Aug 2016, 04:12
  #25 (permalink)  
 
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Pilot wages have been frozen this year. No end to EBA negotiations in sight.
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Old 9th Aug 2016, 05:06
  #26 (permalink)  
 
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My advice to anyone in Virgin is to hope for the best but plan for the worst. Have a plan B. Ask any expat.
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Old 9th Aug 2016, 06:56
  #27 (permalink)  
 
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Owned by Arab and competing Chinese companies, neither of whom are known for their empathy towards their workers. Fingers crossed a right wing Australian government with a 1 seat majority doesn't hide under the covers forever. I also believe in flying pigs and Santa..

Unfortunately employees will be mere pawns in what is going to play out here. Executives looking for a parachute and legacy to hang their resume on won't be doing more than the bare miminum for people they are supposed to be leading. Corporate greed 101. Make the employees pay for the restructuring costs that was required due to management's incompetence.
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Old 9th Aug 2016, 09:07
  #28 (permalink)  
 
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What Progress said. Summed the entire debacle up in minimal words.
Well said sweetie.
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Old 13th Aug 2016, 13:16
  #29 (permalink)  
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VA giving all bank of qld customers

10% off all domestic fares til 30 June 2017
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Old 14th Aug 2016, 07:56
  #30 (permalink)  
 
Join Date: Apr 2010
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So what? It's just a marketing strategy.

They all do it. Etihad/Emirates have live codes.

What are you trying to say BNEA320?
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Old 19th Aug 2016, 06:51
  #31 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 519
Originally Posted by Trevor the lover View Post
It's not often that I'm right, but.............troll back a few years ago on these threads when JB first took over and started his dramatic restructure. He was lauded like the second coming of Jesus Christ. The threads prove it - he was the hero.


The more I read all the huge masses of praise the more I said "I'll call him the saviour when the Virgin group returns a profit. Let's wait and see how this goes before we make JB Sir JB."


Things on here seem a bit different now!
Trevor, spot on... unfortunately the industry in many cases now is headed not by people with leadership ability combined with operational background (which despite the rhetoric JB does not have, he never worked on check in in his life or at an airport regardless of what he says publicly)... and is instead dominated by people who speak are as slick as a bad lawyer and use all the current management jargon (Don Watson is an unsung national hero...) - some of the gems that I hear every day are "Going Forward", "What's happening in your SPACE", "Now that's the discussion AROUND the restructure, let's talk about the communication PIECE", "REACH OUT to your manager" and other such nonsense that feebly attempts to pass for English these days... it's all completely sanitised and meaningless twaddle... read anyone of their announcements and I defy anyone to determine what they actually are saying in amongst the jumble of reaching out and going forward crap. There is probably a reason why JB didn't get the QF gig and I think that's probably becoming obvious now... salesperson unfortunately who appears to simply not be able to run a profitable business... I read his book also and thought it was embarrassing. I was around in some of those times and I'm not convinced there isn't an element of salesperson rhetoric in their also, I thought particularly ordinary his comments about VH-OJH - not the words a leader would write about the competitor... I contrast that with the likes of Rod Eddington who ordered newspapers off AN aircraft the day after QF1 overran the runway at BKK because that's what a leader does, that's professional... casting aspersions over the repairs to the aircraft afterward is the act of a less than professional person in my view. I'm glad I didn't buy shares.
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Old 19th Aug 2016, 06:58
  #32 (permalink)  
 
Join Date: Jul 2009
Location: Australia
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Originally Posted by Snakecharma View Post
Actually Borghetti cancelled the remaining orders for 777's when he turned up (if I remember correctly there were firm orders and options for up to 13 777's) and then introduced the 330 and the ATR72-500 and 600, bought Skywest for an outrageously inflated price thereby introducing 3 more types to the mix and then bought tiger, so I think the blame for fleet complexity can be fairly pointed directly at JB.

Virgin had two types when he turned up - the 737 and the ejet. He gave the 170's away only to replace them with ATR's which cost as much if not more to run.

Not only did he add fleet complexity of a colossal scale, he did so at premium prices because he had to have it "now".

It is easy to arm chair quarterback decisions like I am doing above, but blind freddy could see that many of the decisions made were expensive ones and ones that will stay expensive for quite a while to come.
Exactly... and it's almost as if part of it was to build up an airline that was like QF so he could prove something, QF have A330s so VA had to have them... forget that QF's A330s were practically free due to the delays in the A380... forget that QF has the scale to properly hedge fuel costs and to achieve the economies necessary for amortisation of fleet costs... I guess that's why from what I hear, he's apparently referred to in the management corridors at QF as 'Mini Me'
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Old 19th Aug 2016, 07:04
  #33 (permalink)  
 
Join Date: Jul 2009
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Originally Posted by Progress Wanchai View Post
Owned by Arab and competing Chinese companies, neither of whom are known for their empathy towards their workers. Fingers crossed a right wing Australian government with a 1 seat majority doesn't hide under the covers forever. I also believe in flying pigs and Santa..

Unfortunately employees will be mere pawns in what is going to play out here. Executives looking for a parachute and legacy to hang their resume on won't be doing more than the bare miminum for people they are supposed to be leading. Corporate greed 101. Make the employees pay for the restructuring costs that was required due to management's incompetence.
True, you can see why it's gone the way it has, also judging by the people he brought in - with only one or two exceptions they were not the best in the industry but rather people he'd worked with before...
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