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JETGO Airlines to launch Brisbane-Karratha-Singapore services

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JETGO Airlines to launch Brisbane-Karratha-Singapore services

Old 28th May 2018, 13:58
  #181 (permalink)  
 
Join Date: Aug 2007
Location: Aus
Posts: 203
The plot thickens!
Its highly probable, given a successful application by Dubbo Council to wind up Jetgo, that the assets could vest to a liquidator (notwithstanding the PPSR). The financiers may be on the inside in an attempt to get the show back on track, but given they may not be aviation experts, its just as likely its now all about asset protection and loss minimisation.

I do hope they insist on some changes in management and make a go of it. Good machines, great opportunities and a significant competitive advantage. Who in their right mind thinks just 4-5 airframes spread thinly across three states from virtually the top to the bottom of Australia is a smart plan for a successful airline.
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Old 28th May 2018, 14:21
  #182 (permalink)  
 
Join Date: Nov 2013
Location: Equatorial
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It’s a tough gig no matter what. I too hope they sort it out and fly on. They have been going sometime now. Agree in regards to the spreading it thin. Chasing the work? I still wonder how anyone competes with Alliance when it comes to charter, they have economy of scale for sure.

Airlines/ RPT always going to be a tough call unless it’s a perfect route. Remember the travelling public want LCC fares no matter what.... Obviously thy can’t have always.

Airnorth was mentioned somewhere here, captive market no competition and planes with no pilots? Not to mention talking about thin routes, you can’t tell me that Wellcamp RPT isn’t heavily subsidised.

As has been said the 135/145 a great cheap machine both capital cost and to operate. I do wonder when larger aircraft come when you can have a baby bus (318/319) operate for less with more seats.

Hopefully JG really do fly on!
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Old 28th May 2018, 16:04
  #183 (permalink)  
 
Join Date: Feb 2015
Location: Winterfell
Posts: 72
Originally Posted by Direct_Balls View Post
They have a critical shortage of business acumen .... and history of belligerent behavior towards the award and employment rights within Australia.
So I am not at all surprised they think they can get away with not paying passenger taxes etc. etc. to a local council.

Here's 2 weeks notice,

DCT BALLS
mate you nailed it!


Last edited by Ned Stark; 28th May 2018 at 16:54.
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Old 29th May 2018, 02:36
  #184 (permalink)  
 
Join Date: Feb 2002
Location: NSW
Posts: 8
you can’t tell me that Wellcamp RPT isn’t heavily subsidised.
...and you can't prove that they are heavily subsidised! Who is subsidising them? Not the Toowoomba Council.
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Old 29th May 2018, 05:37
  #185 (permalink)  
 
Join Date: Dec 2001
Location: Brisvegas
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reciever appointed
So are you standing by that comment continueapproach 737?
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Old 29th May 2018, 06:41
  #186 (permalink)  
 
Join Date: Mar 2016
Location: Queensland
Posts: 94
Originally Posted by TBM-Legend View Post
...and you can't prove that they are heavily subsidised! Who is subsidising them? Not the Toowoomba Council.
Yeah I don't think that particular council would need to give subsidies because they only own the older Toowoomba City Airport which is strictly GA. But even if a council does subsidise an airline to provide services that's hardly a crime.

Only last week it came out in the ongoing defamation case Wagners v Jones that one of Jones' claims was that the Wagners had bribed Qantas, specifically Alan Joyce, to provide services to their new airport. Wagners denied that any subsidy or incentive was provided to Qantas. Put whatever spin you like on that but commercial incentives exist throughout business and commerce and would rarely fall within the scope of bribery.

In the case of any regional airport trying to attract an airline to service a particular route there would rarely be more than one operator even interested in the route. Who else apart from JetGo is interested in the proposed Karatha service or was interested in their Illawarra services? Who else apart from Air North was interested in Wellcamp/Melbourne? I don't think Qantas faced much, if any, competition to get Wellcamp/Sydney and Rex, the only other current operator there is flying government subsidised routes. If there are to be incentives, so be it because sadly that is part of the price of having regional air services.

Last edited by LostProperty; 31st May 2018 at 04:09.
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Old 30th May 2018, 11:48
  #187 (permalink)  
 
Join Date: Feb 2015
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Not a glowing piece in the courier mail today. However the caricature of the CEO was hilarious.
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Old 31st May 2018, 05:14
  #188 (permalink)  
 
Join Date: Mar 2016
Location: Queensland
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Originally Posted by Ned Stark View Post
Not a glowing piece in the courier mail today. However the caricature of the CEO was hilarious.
Here's the link. It's behind a paywall but if you have a sub to any of the other NewsCorp tabloids eg Herald Sun, Daily Tele, Advertiser, Mercury it should be accessible.

Category: | The Courier Mail
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Old 31st May 2018, 06:00
  #189 (permalink)  
 
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Otherwise, can you copy and paste the article for those without access?
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Old 31st May 2018, 06:11
  #190 (permalink)  
 
Join Date: Apr 2004
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Brisbane-based JetGo hits financial turbulence

Glen Norris, The Courier-Mail

May 29, 2018 8:55pm

Subscriber only

JET NO GO? WE hope the old joke that to make a million bucks from an airline you start with $10 million doesn’t apply to Brisbane regional carrier JETGO. Chief executive Jason Ryder sent an email to staff last week warning them the carrier was facing increasingly tough financial times. JETGO runs scheduled flights to Townsville, Rockhampton, Dubbo, Wagga Wagga and other regional centres.But it has been experiencing a crash crunch due to unexpected maintenance costs and a key Japanese private equity firm not proceeding with a planned investment. JETGO appointed corporate advisers The Investment Collective to run the ruler over the business with a view to presenting a proposal to a group of new investors.JETGO managing director airlines Paul Bredereck tells your diarist that times are challenging but there is a plan to move forward. He says the company has cut its Brisbane-Tamworth route, saving about $70,000 a month, while there are now reduced services on other routes including to the Gold Coast. JETGO, which operates a fleet of five Embraer regional airliners, employs about 105 people and last year flew about 100,000 passengers.Bredereck says the carrier’s point-to-point service is popular with parents wanting to send their unattended children to visit their grandparents in regional centres because there is no need to change planes in Sydney and other major centres. JETGO also has been popular with regional folk wanting to attend medical appointments in Brisbane.The carrier was founded in 2011 by Ryder and Aaron Mulder, both experienced pilots. City Beat spies tell us the carrier provides a pretty nice service at a reasonable cost so let’s hope the needed cash is forthcoming. Running an airline can be a brutal business.
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Old 31st May 2018, 06:17
  #191 (permalink)  
 
Join Date: Apr 2004
Location: Perth
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Accompanying Courier Mail Illustration of Jason Ryder by Brett Lethbridge.
The Archibald Prize beckons…..
Attached Images
File Type: jpg
Jason Ryder.jpg (22.4 KB, 61 views)
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Old 31st May 2018, 06:59
  #192 (permalink)  
 
Join Date: May 2018
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Survival

Originally Posted by Ned Stark View Post
Not a glowing piece in the courier mail today. However the caricature of the CEO was hilarious.
WHats the verdict? You think they going to make it?
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Old 31st May 2018, 11:15
  #193 (permalink)  
 
Join Date: Apr 2002
Location: Australia
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I think they will hang on as usual, but I wouldn't be buying a ticket on them tomorrow.
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Old 31st May 2018, 12:54
  #194 (permalink)  
 
Join Date: Oct 2017
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But it has been experiencing a crash crunch due to unexpected maintenance costs -

What unexpected costs other than invoices?

and a key Japanese private equity firm not proceeding with a planned investment -

investment is a key word!


JETGO appointed corporate advisers The Investment Collective to run the ruler over the business with a view to presenting a proposal to a group of new investors.


An interesting measurement of gaining investment.



JETGO managing director airlines Paul Bredereck tells your diarist that times are challenging but there is a plan to move forward. He says the company has cut its Brisbane-Tamworth route, saving about $70,000 a month, while there are now reduced services on other routes including to the Gold Coast.

Seems if all services are cut the most savings will be made.


JETGO, which operates a fleet of five Embraer regional airliners,

FACT CHECK required!


employs about 105 people and last year flew about 100,000 passengers.

employs 105 certainly not full time.



Bredereck says the carrier’s point-to-point service is popular with parents wanting to send their unattended children to visit their grandparents in regional centres because there is no need to change planes in Sydney and other major centres.

One hell of a mark plan sponsored by British paints!


JETGO also has been popular with regional folk wanting to attend medical appointments in Brisbane.

With stiff competition from the RFDS for free.


The carrier was founded in 2011 by Ryder and Aaron Mulder, both experienced pilots. City Beat spies tell us the carrier provides a pretty nice service at a reasonable cost so let’s hope the needed cash is forthcoming. Running an airline can be a brutal business.

Lets hope they do, but if not -

not leave others out of pocket - but that just a dream.
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Old 31st May 2018, 15:06
  #195 (permalink)  
 
Join Date: May 2018
Location: M.90
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Sounds pretty ordinary so I thought i'd just leave this link here for employees in the event the proverbial hits the fan very shortly.

www.jobs.gov.au/fair-entitlements-guarantee-feg.

You will be able to claim: your unpaid wages—up to 13 weeks, your unpaid annual leave and long service leave, payment in lieu of notice—up to five weeks, redundancy pay—up to four weeks per full year of service.

Once appointed generally the insolvency firm will point you in the right direction once they've ensured they will be paid .

Let's hope everybody gets their fair suck of the sav

DCT BALLS
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Old 1st Jun 2018, 02:59
  #196 (permalink)  
 
Join Date: Jan 2016
Location: Lower North Shore
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Originally Posted by 4 Holer View Post
Freighters going onto the AOC ?? Welcome to Miami. SkyLease Cargo
What's this all about?
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Old 1st Jun 2018, 03:00
  #197 (permalink)  
 
Join Date: Oct 2010
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is it just me or has the whole booking engine and all links related to it disappeared from the JETGO website. An old google cached link to it takes you straight to a 404 Page?
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Old 1st Jun 2018, 03:01
  #198 (permalink)  
 
Join Date: Mar 2016
Location: Queensland
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Originally Posted by dodo whirlygig View Post
Otherwise, can you copy and paste the article for those without access?
That is a breach of copyright - posting a link is not.
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Old 1st Jun 2018, 03:08
  #199 (permalink)  
 
Join Date: May 2008
Location: Australia
Posts: 549
Voluntary administration, still conducting 'limited charter', but no more RPT. (Jetgo FB page).
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Old 1st Jun 2018, 04:31
  #200 (permalink)  
 
Join Date: Feb 2015
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Originally Posted by Daddy Fantastic View Post
WHats the verdict? You think they going to make it?
Oh daddy, so… you think they’ll make it?
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