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

Qantas to get A321 NEO

Old 8th Oct 2021, 10:06
  #101 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 84
Originally Posted by neville_nobody View Post
Let me guess, the cost of the ground equipment affected someones budget and therefore their bonus but they could pay workers comp forever without impunity.

Someone should write a book on all the stupid short term self serving decisions made by airline management. It would be quite interesting.
Well, it's no surprise in that organisation, since 'Sir Peter' ordered the A320, an aircraft that had the same mission as the 737-300 and then ordered the 737-300 as well.

And you're probably correct, it was the capex element but the stupid thing about that is their accountants were obviously morons as said ground equipment would have provided an ongoing deduction against profits based on depreciation.

By that point though I suspect the owners of AN in that era (pre-Air NZ) were well into their asset stripping program, TV Stations, Land, Newspapers, all removed from Ansett Holdings and aircraft bought to leverage TNT's entry into Europe.

I can't remember where but I read many years ago about how the entire DC-9 fleet which had a 'written down value' of $600K per airframe, was sold to a shelf company in a tax haven for that value, then on-sold for their individual market value of $6M per airframe. I'll leave it up to people to guess who the TWO owners of the alleged 'shelf-company in a tax haven' were.......

I'm not sure that happens today (it would be illegal in a public company) but certainly manipulation of the market occurs via so-called share buybacks. Buy-backs used to be illegal in the United States until "W" came along because they were considered by the FEC and the Treasury to be market manipulation.

They still are.
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Old 8th Oct 2021, 10:11
  #102 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 84
Originally Posted by Roj approved View Post
And it still goes on to this day :-(
Even at a micro level such as a CEO deciding its important for his a-se to sit in a premium cabin seat but not a Pilot who is paxing across the country to effect the operation of an aircraft with 200-300 people on board....... that was the epitome of arrogance and self-importance, while on the way to running the company he headed into the ground as evidenced by Administration and on-sale of what was left to a private equity company.
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Old 19th Oct 2021, 02:19
  #103 (permalink)  
 
Join Date: Sep 2013
Location: Sand dune
Posts: 198
Originally Posted by airdualbleedfault View Post
A220 to Notwork?
Tell him he's dreamin
I guess if they sold the entire Dutch oven fleet they'd have enough for a deposit...... for 1 A220
The rumour has grown enough legs to get the boys and girls over there to consider bending over for a crappy agreement though. Gotta get that new hardware at all costs hey kids
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Old 19th Oct 2021, 03:28
  #104 (permalink)  
 
Join Date: Apr 2005
Location: Perth WA
Posts: 564
Originally Posted by airdualbleedfault View Post
A220 to Notwork?
Tell him he's dreamin
I guess if they sold the entire Dutch oven fleet they'd have enough for a deposit...... for 1 A220
Do they not lease aircraft in Australia then? 🤔 Having said that yes I guess the A220 is to good for Aussie market...🤭
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Old 19th Oct 2021, 03:56
  #105 (permalink)  
 
Join Date: Feb 2011
Location: Oz
Posts: 1,046
The whole purpose of making these WA contracts work is by not operating factory fresh wizz bang new aircraft. Itís all about maximising profit. They have the contract, they know the earnings available, they are not about to go and burn that all on new French built aircraft.

Virgin are taking on a few A320s, offloads those near new 737s back to the east.
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Old 19th Oct 2021, 05:53
  #106 (permalink)  
 
Join Date: Apr 2005
Location: Perth WA
Posts: 564
French built? Ummmm no ....but I get the contracts and the "need" not to concentrate on customer experience and comfort .
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Old 19th Oct 2021, 06:42
  #107 (permalink)  
ebt
 
Join Date: Feb 2006
Location: Perth
Posts: 186
Originally Posted by PoppaJo View Post
The whole purpose of making these WA contracts work is by not operating factory fresh wizz bang new aircraft. Itís all about maximising profit. They have the contract, they know the earnings available, they are not about to go and burn that all on new French built aircraft.

Virgin are taking on a few A320s, offloads those near new 737s back to the east.
That may be the case now, but BHP and Rio are both talking a big game about reducing their Scope 3 emissions, which covers the air transport to/from site. It's likely that will mean stepping from F100s to A320ceos and maybe E1 series E190s in the first instance, but it's conceivable that if QF bought some shiny new A220s/E2s for the east coast that in time they would find their way West in a few years.
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Old 19th Oct 2021, 08:22
  #108 (permalink)  
 
Join Date: May 2017
Location: Cavill
Posts: 24
Originally Posted by Blitzkrieger View Post
The rumour has grown enough legs to get the boys and girls over there to consider bending over for a crappy agreement though. Gotta get that new hardware at all costs hey kids
Like rolling over the current one?
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