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VA pilots worried about employment 2021

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VA pilots worried about employment 2021

Old 3rd Apr 2020, 02:30
  #801 (permalink)  
 
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Originally Posted by ECAMACTIONSCOMPLETE
I agree about the recovery.

It will be sluggish domestically but even if it does come back strongly both Qantas and Jetstar will have surplus wide body aircraft (JQ 11 787s, Qantas 40ish A330s and 787s) that can fill the void, as I’m sure no one doubts that international will take quite a bit longer to come back (50 wide bodies would be around the same capacity as virgins 77 narrowbodies).

looking beyond the 18-24 month mark, JQ alone have 18 A321LRs due which could be used for growth to fill the domestic vacuum as international demand comes back, I’m sure Qantas would do similar. Beyond this point, a new entrant would be seen into the market most likely.

so the notion that the australian domestic tourism market will be crippled by the absence of virgin is false in my view.
Correct. And Qantas aren't idiots. In my opinion if VA does fall over then you can rely on the government demanding (and Qantas providing) public assurances about airfares and so on to address the price gouging risk.
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Old 3rd Apr 2020, 02:37
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Originally Posted by Vindiesel
Correct. And Qantas aren't idiots. In my opinion if VA does fall over then you can rely on the government demanding (and Qantas providing) public assurances about airfares and so on to address the price gouging risk.
Ahem are you serious? That would require a degree of moral behavior which even through this crises has been lacking.
I wouldn't ask anyone living in a part of the country where competion was already lacking as to how that would probably go.
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Old 3rd Apr 2020, 03:14
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Paul Scurrah sounding a little nervous on the ABC this morning. No doubt offering the ABC an interview in prime time to get the message out and trying to influence the government for cash. Unfortunately he knows there is little likelihood of that happening. He does not seem to understand 40% of air travel has died. It will take years for the 2019/2020 levels to return. If we end up with just QF there will still have spare capacity.
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Old 3rd Apr 2020, 03:25
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Originally Posted by C441
He was on ABC Radio's AM program this morning.

He basically states that the other owner-airlines have been approached but their owners are in the same predicament, thus cannot afford to support Virgin.
Sounds like game over in that case.
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Old 3rd Apr 2020, 03:40
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Originally Posted by C441
He was on ABC Radio's AM program this morning.

He basically states that the other owner-airlines have been approached but their owners are in the same predicament, thus cannot afford to support Virgin.
Would be interesting if a transcript becomes available.

At least that confirms to the "SQ to the rescue !!!111!" fanboys across the internet that their 'messiah' are basically concentrating on their own survival, and won't have time for VA (if at all).
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Old 3rd Apr 2020, 05:02
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When do the creditors call it game over and start thinking about their interests?

Employees are first in line
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Old 3rd Apr 2020, 05:06
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Could they sell Velocity for a billion? They own about 40-50 737s. Can anything be done here.

I mean better off selling stuff than shutting down the entire company?

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Old 3rd Apr 2020, 05:07
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Originally Posted by longjohn
When do the creditors call it game over and start thinking about their interests?

Employees are first in line

Am I incorrect in saying Annual Leave, Long Service Leave is preserved but Sick Leave and Frequent Flier points are gone?

Did Tiger and Vanz get paid out redundancies? They might have thought this was a bad outcome at the time but if paid have done well out of it.

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Old 3rd Apr 2020, 05:08
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Originally Posted by Berealgetreal
Am I incorrect in saying Annual Leave, Long Service Leave is preserved but Sick Leave and Frequent Flier points are gone?

Did Tiger and Vanz get paid out redundancies? They might have thought this was a bad outcome at the time but if paid have done well out of it.
Redundancy guaranteed by government as well as LSL and annual leave
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Old 3rd Apr 2020, 05:38
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...pay out will be on the 17th they say.
Has anyone worked out what around 230 pilots redundancy and leave payouts will amount to?
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Old 3rd Apr 2020, 05:42
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Vanz and Tiger Pilots will be better off than Vaa in the end. You don’t get a redundancy payment if the place folds.
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Old 3rd Apr 2020, 05:47
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Originally Posted by Berealgetreal
Vanz and Tiger Pilots will be better off than Vaa in the end. You don’t get a redundancy payment if the place folds.
Are you sure?
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Old 3rd Apr 2020, 06:01
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Originally Posted by Berealgetreal
Vanz and Tiger Pilots will be better off than Vaa in the end. You don’t get a redundancy payment if the place folds.

for the 10th time this thread:

https://www.ag.gov.au/industrial-rel...s/default.aspx
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Old 3rd Apr 2020, 06:04
  #814 (permalink)  

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Originally Posted by longjohn
Employees are first in line
Like the Ansett staff were?
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Old 3rd Apr 2020, 06:15
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Originally Posted by Buster Hyman
Like the Ansett staff were?
I believe that things have changed since then.
See Chookcookers link.
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Old 3rd Apr 2020, 06:22
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Thanks haven’t read much of the thread.
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