JETGO Airlines to launch Brisbane-Karratha-Singapore services
Sad to see rumours calling their financial viability into question. Such rumours are usually self fulfilling prophecies.
Jetgo does have FIFO contracts which I would hope keeps cash flow stable enough to continue trading.
Jetgo does have FIFO contracts which I would hope keeps cash flow stable enough to continue trading.
Australia really does have a negative vibe. Reading some comments it’s almost like people want them to fail.
its a tough market for sure, throwing constant negativity... How long have they been going now when so many said no chance?
I would hate to be up against the Fokkers at Alliance (attempted joke) with so many airframes etc.
It would certainly be great for the West to have more links. On that Silk Air have started Singapore - Broome.
its a tough market for sure, throwing constant negativity... How long have they been going now when so many said no chance?
I would hate to be up against the Fokkers at Alliance (attempted joke) with so many airframes etc.
It would certainly be great for the West to have more links. On that Silk Air have started Singapore - Broome.
Australia really does have a negative vibe. Reading some comments it’s almost like people want them to fail.
its a tough market for sure, throwing constant negativity... How long have they been going now when so many said no chance?
I would hate to be up against the Fokkers at Alliance (attempted joke) with so many airframes etc.
It would certainly be great for the West to have more links. On that Silk Air have started Singapore - Broome.
its a tough market for sure, throwing constant negativity... How long have they been going now when so many said no chance?
I would hate to be up against the Fokkers at Alliance (attempted joke) with so many airframes etc.
It would certainly be great for the West to have more links. On that Silk Air have started Singapore - Broome.
Successful flying companies in Australia are rare, successful RPT airlines in Australia even rarer.
World wide it is tough doing well with an airline, Australia with higher costs and CAsA even tougher.
Many charter companies and airlines have gone bust in Australia, and when that happens they owe lots of money to many creditors including staff.
I have no idea of Jetgo's financial position and if they are trading insolvent or not but chances are there is a lot of money owed to staff (as in holiday pay/wages), maintenance facilities, parts suppliers, fuel suppliers, airports and other required creditors. If Jetgo do shut shop and repeat history the money owed to many small operators can be enough to break them. Have a thought for say a pilot that took on a job after paying for a type rating as in a previous post.
So while I hope they do well and prosper. I also wish that if they can not, that they don't bring everyone they can gain credit from down with them.
The visual indicators are not that of roses.
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Airlines that ask a new pilot to fork out for a rating, hotel etc on no pay until type rated are only tightening the noose around their own neck. Sure you might save 50K in the short term but long term you're losing 100K plus, as the employee will leave at the first opportunity. Sometimes even after only 6 months. The flow on effect on the bottom dollar is enormous.
Last edited by "Littlebird"; 14th May 2018 at 20:34.
Sure you might save 50K in the short term but long term you're losing 100K plus, as the employee will leave at the first opportunity.
Up until recently there has been a steady available supply of people willing to pay for their type rating. That supply is drying up as the pool of pilots gets smaller. (Ref: CASA annual report) That being said how does a pilot leaving after six months cost the company $100K if they have paid for their type rating?
For me the real issue is places like Air North who cannot get people to fly their Metro aircraft so have them parked. That really costs money.
Can you explain how you came up with $100K cost of a plot leaving if the replacement pilot pays for their type rating as well?
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Parking metros doesn’t cost anything other than parking fees. Those things have long since paid for themselves..you could get a few hundred thousand for one..no one wants to charter one or worse, fly regularly in one especially in the hot NT.
Yep parking fees, insurance, maintenance schedule to keep them airworthy. I was referring to the lost income that is not replaced by swapping types. Would you want a few hundred thousand invested in a depreciating asset that is not earning a return? I certainly would not.
[QUOTE=Icarus2001;10146194
For me the real issue is places like Air North who cannot get people to fly their Metro aircraft so have them parked. That really costs money.
/QUOTE]
A couple of years ago it was not a big problem, however the new Brist-oh? regime have a unique (OK, not that unique in aviation) business model. Perversely, they believe that they are actually improving their cashflow by not paying the contracted captain in a timely fashion. The problem of parked Metros (and now the two grounded, engineless, E-jets) is self induced.
For me the real issue is places like Air North who cannot get people to fly their Metro aircraft so have them parked. That really costs money.
/QUOTE]
A couple of years ago it was not a big problem, however the new Brist-oh? regime have a unique (OK, not that unique in aviation) business model. Perversely, they believe that they are actually improving their cashflow by not paying the contracted captain in a timely fashion. The problem of parked Metros (and now the two grounded, engineless, E-jets) is self induced.
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Whilst I agree with the thrust of your argument that a "good" company will look after and invest in their employees, I cannot agree with your maths.
Can you explain how you came up with $100K cost of a plot leaving if the replacement pilot pays for their type rating as well?
Can you explain how you came up with $100K cost of a plot leaving if the replacement pilot pays for their type rating as well?
'Treat Your People Well, and They Will Run The Company For You'. Yes a quote from Branson and this is right on the money
Last edited by "Littlebird"; 14th May 2018 at 23:32.
(and now the two grounded, engineless, E-jets)
Also where are the experts who stated that JetGo, which is the thread, have aircraft parked sans engines??
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Also where are the experts who stated that JetGo, which is the thread, have aircraft parked sans engines??
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Repo is only taking the engines as the frames are worthless. Some parting out maybe. Lots of odd routes being flown (e.g Dubbo to Wollongong) to try and meet some form of schedule.
What was the name of that Truck driving school, Mav? 
How to explain it to the directors and shareholders.....��
...and your bank, aircraft leasing companies, engine power by the hour RR, customers, airports, fuel company, AirServices and the staff..!
It's unclear to me if some people here are actually talking about JetGo, the subject of the thread, or Air North or somehow alleging that both airlines have financial difficulties.