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VA pilots worried about employment 2021

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VA pilots worried about employment 2021

Old 13th Mar 2020, 04:42
  #341 (permalink)  
 
Join Date: Apr 2003
Location: USA
Posts: 333
Originally Posted by T-Vasis View Post

Not quite right. He has many years both in airlines and the travel industry at various levels. He does not need to be a specialist. That's why he has a leadership team. He needs to make good business decisions based on the information provided to him. Having a background in aviation means nothing anyway. A) you learn as you go, B) it is about business acumen and strong leadership in a CEO role. There are enough smart people to advise him as requirerd.



Not quite. They can refinance their debt, as they have done previously. Whilst obtaining further debt is challenging - it isn't impossible. I hear that Finch rated VA today as B+ and stable.

Entertaining read on PS @ https://www.smh.com.au/business/comp...17-p53sa6.html
Will anyone take the finch rating seriously anymore?
havick is offline  
Old 13th Mar 2020, 05:10
  #342 (permalink)  
 
Join Date: Jun 2007
Location: deepest darkest recess of your mind
Posts: 1,017
Finch, probably not.
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Old 13th Mar 2020, 05:58
  #343 (permalink)  
 
Join Date: Nov 2006
Location: Auckland, New Zealand
Posts: 5
Originally Posted by AerialPerspective View Post
sell it to Qantas for $1 or Air NZ or Delta...
Why sell it?

It has few assets - just let it go.

That is a purely theoretical view and doesn't take account of the pain caused to the staff. Oh wait - that doesn't happen anyway these days, does it?
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Old 13th Mar 2020, 06:03
  #344 (permalink)  
 
Join Date: Aug 2010
Location: Gate_15L
Age: 48
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Your all so full of $h!t....

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Old 13th Mar 2020, 06:05
  #345 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 150
Originally Posted by Chadzat View Post
i guess my sarcasm was lost on you AP. That was my point exactly.

the misinformation on this thread is astounding and it is pretty disappointing to read comments from posters who would like to see VA fail. Your cash facts are misleading also. Cash in bank is cash in bank. It doesnt matter where it originated from. VA has about $1 billion, QF has about $1.7 billion. Yes QF also has assets they can sell but that is different to cash in bank...
I'll meet you half way and yes, I did miss the sarcasm... my bad.

Whatever Qantas' cash, it's evident that they are far more capable of weathering a storm like this than VA and no, I don't want to see VA fail either, but I am astounded at the continual string of bad decisions that have happened at VA and while I hope it doesn't fail, if it does, it will be the staff that pay the price, not the people who've stuffed up repeatedly and collected millions for their trouble.
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Old 13th Mar 2020, 06:06
  #346 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 150
Originally Posted by Chris2303 View Post
Why sell it?

It has few assets - just let it go.

That is a purely theoretical view and doesn't take account of the pain caused to the staff. Oh wait - that doesn't happen anyway these days, does it?
The point of suggesting it be sold is so that there is at least some chance the people will keep their jobs by being absorbed into another operation.
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Old 13th Mar 2020, 06:20
  #347 (permalink)  
 
Join Date: Nov 2006
Location: Auckland, New Zealand
Posts: 5
Originally Posted by AerialPerspective View Post
The point of suggesting it be sold is so that there is at least some chance the people will keep their jobs by being absorbed into another operation.
I can't see QF buying it, they've nothing to gain apart from a monopoly

Similarly NZ. They were not impressed with their previous association with VA and they were badly hurt in the AN debacle so there will be no way they will buy into an Australian domestic carrier.

DL?????
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Old 13th Mar 2020, 10:35
  #348 (permalink)  
 
Join Date: Jun 2001
Location: sierra village
Posts: 474
Originally Posted by Gate_15L View Post

Your all so full of $h!t....

Gate15L... chill.... this is a pilot rumour network. A profession not known for an especially high minimum intellect entry requirement. The ability to engage the autopilot and retract the undercarriage pretty much gets you lifetime membership. Hence you read the vitriol and nonsense on these threads.

Sorry for my despair, but the great toilet paper panic has pretty much broken any faith I had in Australia.
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Old 13th Mar 2020, 11:21
  #349 (permalink)  
 
Join Date: Sep 2019
Location: Qld
Posts: 134
Originally Posted by Chris2303 View Post
I can't see QF buying it, they've nothing to gain apart from a monopoly

Similarly NZ. They were not impressed with their previous association with VA and they were badly hurt in the AN debacle so there will be no way they will buy into an Australian domestic carrier.

DL?????
NZ had a huge role to play in the AN collapse, aside from Peter Abeles, Murdoch, Unions, etc.

NZ at the time had their "own version of Borghetti" in the form of (then Chairman) Selwyn Cushing, a bloke with so much ego he used his veto rights to block SQ from buying News Corp stake of AN, despite fully knowing that his company (NZ) did not have the balance sheet to fix a ailing AN. Cushing was just one of the blokes that put the final nail in AN's coffin, with Toomey as his "sidekick".

Also to add, "the so called Messiah SQ" isn't the 'messiah' that many like to think either, considering SQ also has a mediocre record at investments in Australia and overseas (The NZ/AN bankruptcy debacle, Virgin Atlantic losses, the failed Tiger Airways Australia attempt and now the overspending of CapEx at Virgin Australia with very minimal to no return).

DL may be an opportunity, but I can't see them investing in VA. If DL does though, I can see them reducing international to LAX and AKL only, with SkyTeam partners taking over the rest of what's left of VA's international network. The nickname "Delta Australia" does compliment their "Delta UK" (Virgin Atlantic) division though.
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Old 13th Mar 2020, 11:55
  #350 (permalink)  
 
Join Date: Aug 2017
Location: In the Cab
Posts: 122
Are any NZ crew being rostered LWOP (vol or invol?) with the reduction of flying announced?
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Old 13th Mar 2020, 12:21
  #351 (permalink)  
 
Join Date: Aug 2006
Location: Ditch
Posts: 37
Originally Posted by Double_Clutch View Post
Are any NZ crew being rostered LWOP (vol or invol?) with the reduction of flying announced?
Company totally making it up as they go and in reactionary decision making mode. Probably like most airlines.
side note: Rarotonga totally made money during PB days. Current loading I heard are very consistent and the boys always on weight limits.

Our main priority is to protect our operation and our crew members. We will do all we can to preserve as many jobs as possible by utilising surplus mitigation strategies such as LWOP, annual leave and long service leave. Where these options are exhausted we will have to consider other alternatives including Stand Down Days and this will be discussed with union representatives.“
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Old 13th Mar 2020, 18:49
  #352 (permalink)  
 
Join Date: Jan 2019
Location: Australia
Posts: 188
From the AFAP update last night - all VA737 Australian pilots will have one stand down day rostered as of next roster.

I fear this is just the beginning....
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Old 13th Mar 2020, 22:31
  #353 (permalink)  
 
Join Date: Jan 2004
Location: melbourne
Posts: 289
This is what the smarter airlines are doing. Keeps the Pilots on the books but reduces cash burn. As for whether RAR was profitable no PB pilot or VA Pilot would know. The issue now for VA is cash burn and USD exposure. Out of the Billion there would be a fair chunk that was already locked up for L/Cs and required deposits and MR's. It is the part that is left and is working capital that needs to be preserved and with the AUD at around 62 cents all the costs went up depending on hedging that may be in place. Going to be a hard few months for Airlines and then another year or so to come out of the economic malaise that will set in. There will be a few more go down
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Old 14th Mar 2020, 02:02
  #354 (permalink)  
 
Join Date: Aug 2017
Location: In the Cab
Posts: 122
So let me get this right. Not sure how this works

VA are standing down their own pilots yet they are continuing to feed QQ flying at the expense of their own staff?
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Old 14th Mar 2020, 03:15
  #355 (permalink)  
 
Join Date: Jul 2009
Location: Australia
Posts: 150
Originally Posted by Chris2303 View Post
I can't see QF buying it, they've nothing to gain apart from a monopoly

Similarly NZ. They were not impressed with their previous association with VA and they were badly hurt in the AN debacle so there will be no way they will buy into an Australian domestic carrier.

DL?????
My comment was in response to a comment about VA International, I wasn't suggesting anything about VA Domestic. However, I think DL is the only logical alternative if you want to talk about domestic. SQ are absolutely hopeless at managing anything beyond their own airline and DL has scale and would probably benefit from the investment.
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Old 14th Mar 2020, 03:21
  #356 (permalink)  
 
Join Date: Oct 2013
Location: New Zealand
Age: 69
Posts: 391
Originally Posted by Double_Clutch View Post
So let me get this right. Not sure how this works

VA are standing down their own pilots yet they are continuing to feed QQ flying at the expense of their own staff?
Correct. It is the cheapest option. Itís about $$$, and Scurrah would rather stand down VA pilots and continue to feed work to QQ. Itís a business decision based on dollars, not on loyalty. It shouldnít surprise anyone really, everyone is a number - nothing more and nothing less.

Last edited by Paragraph377; 14th Mar 2020 at 04:06.
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Old 14th Mar 2020, 03:23
  #357 (permalink)  
 
Join Date: Sep 2019
Location: In the toilets in the crew room
Posts: 18
Originally Posted by Colonel_Klink View Post
From the AFAP update last night - all VA737 Australian pilots will have one stand down day rostered as of next roster.

I fear this is just the beginning....
Yeah, would have been nice for those Tigerair Pilots and FA's to get that same choice, instead it was a bullet to the head for about 90+ Pilots and 350+ FA's.
If you think that was a smart decision by Scurra .. then I bet there is a thin line of protection for any of the VA "mainline" peeps, if it gets that far.
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Old 14th Mar 2020, 03:58
  #358 (permalink)  
 
Join Date: Sep 2008
Location: Pottymouth
Posts: 84
Just gets better...NZ govt requires anyone entering NZ to self isolate for 14 days, except pacific islands.

snakeslugger is offline  
Old 14th Mar 2020, 04:05
  #359 (permalink)  
 
Join Date: Mar 2013
Location: Doomagee
Age: 9
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Originally Posted by Colonel_Klink View Post
From the AFAP update last night - all VA737 Australian pilots will have one stand down day rostered as of next roster.

I fear this is just the beginning....
Havenít read it yet. Just VAA Pilots or the entire group?
Berealgetreal is offline  
Old 14th Mar 2020, 04:22
  #360 (permalink)  
 
Join Date: Jan 2006
Location: Sydney Australia
Posts: 2,251
Originally Posted by Chris2303 View Post
I can't see QF buying it, they've nothing to gain apart from a monopoly

Similarly NZ. They were not impressed with their previous association with VA and they were badly hurt in the AN debacle so there will be no way they will buy into an Australian domestic carrier.

DL?????
Slight thread drift, but make no mistake Chris, the AN debacle as you call it was because ANZ bit off more than they could chew. And donít get me started on what they did in the weeks leading up to the collapse!
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