Go Back  PPRuNe Forums > PPRuNe Worldwide > Australia, New Zealand & the Pacific
Reload this Page >

VA/Rex/Tiger August announcements???

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

VA/Rex/Tiger August announcements???

Old 27th Aug 2019, 06:06
  #61 (permalink)  
 
Join Date: Aug 2018
Location: Not far away
Posts: 36
Originally Posted by Capt. On Heat View Post


With the rumours of the loss reported tomorrow sounds even more likely to me. Singapore have been waiting a loonnnggggg time wanting to get proper access to the Aussie market - I read a brief article from an aviation publication a few months ago hinting at this kind of thing which got me wondering.

Another loss coming when Qantas posts another decent profit, share price is depressed (depressing still...) so delist from ASX as minimal private shareholders, Etihad and HNA aren't exactly in a strong position themselves so primed to sell, SQ take control and rebrand Tiger to Scoot to compliment their existing brand. Seems to me it's definitely more possible than bringing back E190s 😆
A good theory, and although I personally doubt the eventuation; Singapore couldnít do a worse job of running the place??
Mr Google Head is offline  
Old 27th Aug 2019, 06:25
  #62 (permalink)  
 
Join Date: Sep 2003
Location: The Back Paddock
Posts: 136
Haha yes, I'd second that 😂😂😂
Capt. On Heat is offline  
Old 27th Aug 2019, 06:41
  #63 (permalink)  
 
Join Date: Jul 2008
Location: Australia
Posts: 105
I remember a time where SQ was considered the answer to a domestic airlines problems. At the end of the day unless SQ have an absolute guarantee of a return they will not commit.
Lookleft is offline  
Old 27th Aug 2019, 06:45
  #64 (permalink)  
 
Join Date: Aug 2018
Location: Not far away
Posts: 36
Originally Posted by Lookleft View Post
I remember a time where SQ was considered the answer to a domestic airlines problems. At the end of the day unless SQ have an absolute guarantee of a return they will not commit.
they sound too sensible to become the knight in shining armour in that case?
Mr Google Head is offline  
Old 27th Aug 2019, 07:37
  #65 (permalink)  
 
Join Date: Apr 2010
Location: Asia
Posts: 622
Donít forget SQ are largely responsible for a lot of the mess today so of course they should take full control, its partly their mess. Tiger was under SQ control for the first 5 years run out of its Singapore office.

Singapore injected the most cash and kept the bonds alive. EY and SQ had heavy involvement in the tinkering behind closed doors. Tiger becoming a Virgin problem was part of that process. You want cash..well your getting Tiger also.

EY and SQ also encouraged the capacity wars earlier this decade, and financed it.

The next issue is financing the large Boeing payment due in less than 12 months.
wheels_down is offline  
Old 27th Aug 2019, 09:49
  #66 (permalink)  
 
Join Date: Mar 2010
Location: brisbane
Age: 35
Posts: 68
Originally Posted by WillieTheWimp View Post

Rebranding Tiger will be putting lipstick on a pig. It will not fix the culture of this place which is one of its big problems. If VA know what is good for them, they would offload the wreck for the $1 they (over) paid for it.
Agreed. Off loading it for a Dollar would be cheaper than paying out lease costs and redundancies.
davidclarke is offline  
Old 27th Aug 2019, 23:38
  #67 (permalink)  
 
Join Date: Feb 2011
Location: Oz
Posts: 561
Farewell MM
PoppaJo is offline  
Old 28th Aug 2019, 00:31
  #68 (permalink)  
 
Join Date: Aug 2002
Location: there
Posts: 688
315 Large lost‼️750 Villagers Out‼️Stormy times ahead‼️ The Kool aid is gone.
slice is offline  
Old 28th Aug 2019, 01:46
  #69 (permalink)  
 
Join Date: Jun 2005
Location: east
Posts: 170
Just roll it into QF group!!!
Scooter Rassmussin is offline  
Old 28th Aug 2019, 04:43
  #70 (permalink)  
 
Join Date: Jul 2018
Location: Sydney
Posts: 32
And as always, the results come out and the dreams and rumours are dead. Nothing ever happens.
Ladloy is offline  
Old 28th Aug 2019, 05:17
  #71 (permalink)  

Evertonian
 
Join Date: May 2000
Location: #3117# Ppruner of the Year Nominee 2005
Posts: 9,837
Originally Posted by Ladloy View Post
Nothing ever happens.
I know of 750 people who would disagree.
Buster Hyman is online now  
Old 28th Aug 2019, 05:23
  #72 (permalink)  
 
Join Date: Mar 2013
Location: Doomagee
Age: 6
Posts: 640
i live in hope that the new bloke has his shit in a pile and he leads us to the promised land, as opposed to the last bloke who lead us to the steps of the bankruptcy court.
What do you think now Snakecharmer?

Iíve always said give the new guy a go like you
would any new employee finding their way. What Iíve observed is that the new guy is the exact opposite to the old guy. I recall when GH was here, a lot of the cost cutting seemed to be slanted toward meals/accom and things that involved operational staff. Then there was the never business class issue. Wasnít the end of the world for me personally.

I bet if you did a graph of sick leave vs months you could actually see it heading skyward in 2015. In the end it just turns into a massive false economy.

Fast forward to today and whilst its no holiday at least its heading in the right direction. Get people on side and theyíll bend over backwards for you. More bees with honey than vinegar as goes the saying.

Thats just my take on it. Obviously Iím not in the 750 group but am in the group that does a yearly medical and sim sessions with few to no options if it closes.
Berealgetreal is offline  
Old 28th Aug 2019, 10:49
  #73 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 589
Originally Posted by Mr Google Head View Post


A good theory, and although I personally doubt the eventuation; Singapore couldnít do a worse job of running the place??
You seem to forget the utter debacle of Tiger which they owned outright and then quietly offloaded so as to save face. I wish people would stop painting SQ as this great, brilliant and genius outfit... they have some damn incompetent people working for them as I learned during a cutover many years ago where they sent people who had no idea what they were doing and the handling airline had to set everything up and practically train the staff as well... they are profitable because they sit at the cross-roads of the world in a trading hub and have been able to capitalise on it for decades as well as capture a lot of Australia Europe traffic by fudging their location and operating through services along with the majority of their staff being employed at what is by any objective definition a Police State. They are not much chop really when it all comes down to it. They will not take over VA/TT because if they do they know now there will be no one else to palm it off to like they did with TT in order to save face once they make a hash of it again like they did with TT.
AerialPerspective is offline  
Old 28th Aug 2019, 11:07
  #74 (permalink)  
 
Join Date: Apr 2010
Location: Asia
Posts: 622
I can see why they deferred the upcoming order. I mean a billion for debt...a billion for Boeing. Wait a minute....they donít have 2 billion.
wheels_down is offline  
Old 31st Aug 2019, 08:54
  #75 (permalink)  
 
Join Date: Jun 2001
Location: Jungle
Posts: 478
I can see where the rumours of the Ejets returning are coming from. When you're paying $45 mil per year in leasing costs to have them parked, and at the same time wet leasing Alliance to fly your regional routes, it makes more sense to bring them back and have VARA operate them. It's a no brainer in airline management 101.
smiling monkey is offline  
Old 31st Aug 2019, 12:02
  #76 (permalink)  
 
Join Date: Aug 2002
Location: no fixed address
Posts: 151
Originally Posted by smiling monkey View Post
I can see where the rumours of the Ejets returning are coming from. When you're paying $45 mil per year in leasing costs to have them parked, and at the same time wet leasing Alliance to fly your regional routes, it makes more sense to bring them back and have VARA operate them. It's a no brainer in airline management 101.
No Airline Management would admit they were wrong. Ever.
VH-ABC is offline  
Old 31st Aug 2019, 23:10
  #77 (permalink)  
 
Join Date: Dec 2001
Location: Australia
Posts: 160
If the Ejets make a comeback, the return to service costs after storage are significant.
Arctaurus is offline  
Old 1st Sep 2019, 00:59
  #78 (permalink)  
 
Join Date: Feb 2018
Location: Hyperspace
Posts: 65
Originally Posted by smiling monkey View Post
I can see where the rumours of the Ejets returning are coming from. When you're paying $45 mil per year in leasing costs to have them parked, and at the same time wet leasing Alliance to fly your regional routes, it makes more sense to bring them back and have VARA operate them. It's a no brainer in airline management 101.
To bring them back would mean ignoring the reason VA pulled out of E-Jets in the first place. As wasteful as it seems, it is cheaper to pay the $45m than absorb the operating losses which would be incurred in running them.

Then there are the start-up costs, there goes another $12-$15m VA donít have.

What surprises me is that VA have persisted in asking what they are for these aircraft rather than offer incentives to get them let out. Better to incur $10m in incentive costs and save $35m than the current scenario.

Definitely not the smartest guys in the room
Arthur D is offline  
Old 1st Sep 2019, 01:47
  #79 (permalink)  
 
Join Date: Jan 2004
Location: melbourne
Posts: 241
They did try to sub lease some of them and actually got one painted up in Jetgo colours. That didn't even make it through the delivery flight before they went down. While the original reason to mothball the fleet didn't seem to have much thought behind it GH was well know to want to cut back on expensive crew. As for letting these out now talking to one of the leasing companies looking at the aircraft they are not in good condition now. It means the $45 Million in leasing costs is going to be nothing compared to the lease return cost. That is going to be well above that number.

Knowing that there simply aren't a spare 750 people in the head offices it does mean there is more to the redundancies then just the office. I hope thy keep going but there now needs to be some pretty drastic action and it looks like it is coming. Not too many things that can be done without causing financial or regulatory issues. As for the cash position it is good to see KN back in there. He is a good operator so hopefully he can keep it all looking good.
coaldemon is offline  
Old 1st Sep 2019, 13:03
  #80 (permalink)  
 
Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
Posts: 4,292
Any meat on the rumour about another third party operating the E-jets?
Wizofoz is offline  

Thread Tools
Search this Thread

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.