VA pilots worried about employment 2021
Little Irish F%^K got his wish. Asshole.
Ignoring one mans ego, it would be in QF best interest that VA do survive. Better the weaker rival you know than the a new kid on the block who may well be that much stronger than you are.
I for one hope VA make it and wish them the best.
Evertonian
Okay, so hypothetically, if Ryanair were to enter the market, that would change the whole dynamic here. Would it mean QF would diminish Domestically & JQ would take a bigger role in order to compete on a level playing field with them? There would still be a demand for the 'premium' QF product on some routes, but one would imagine them conceding others to JQ.
Early days but history suggests QF will retain capacity in line with their “s” curve profit maximisation strategy. As to the makeup of that capacity.. that’s beyond me.
Worth considering the different markets. UK has a population of 70m. Wider EU population 500m. Australia is not cracking 25m. Any entrant may operate to a different business model than their traditional home market as required.
Worth considering the different markets. UK has a population of 70m. Wider EU population 500m. Australia is not cracking 25m. Any entrant may operate to a different business model than their traditional home market as required.
Would it mean QF would diminish Domestically & JQ would take a bigger role in order to compete on a level playing field with them?
Are Ryanair even more serious about the whole prospect than they are for charging to use onboard toilets? I have my doubts.
Bearing in mind that the article stated that Ryanair is a British Airline, I would take the whole suggestion with a few grains of salt. Ryanair is an Irish Airline, it holds a British AOC for Brexit planning.
I think the story started because someone plucked the name of a LCC out of the air and decided it would be a good idea. Its amazing how short the aviation memories are. Does anyone recall how Tiger was going to wipe the floor when they started because they were backed by SIA and were going to go trans-Pacific with A330's? Didn't end well.
Reading the article I’m a little confused.
The government assistance of $1,500 per fortnight in supposed to be paid directly to the employee by the company, provided they keep them employed. I get that the poor souls at Tiger and in NZ who have been retrenched don’t qualify, but how can Virgin use any of this money to prop up the business, other than to mitigate the wages bill for the small number of staff not currently stood down.
If the money doesn’t go directly to an active employee, then my understanding is the company can’t use it for any other purpose.
Or am I missing something?
The government assistance of $1,500 per fortnight in supposed to be paid directly to the employee by the company, provided they keep them employed. I get that the poor souls at Tiger and in NZ who have been retrenched don’t qualify, but how can Virgin use any of this money to prop up the business, other than to mitigate the wages bill for the small number of staff not currently stood down.
If the money doesn’t go directly to an active employee, then my understanding is the company can’t use it for any other purpose.
Or am I missing something?
I think the story started because someone plucked the name of a LCC out of the air and decided it would be a good idea. Its amazing how short the aviation memories are. Does anyone recall how Tiger was going to wipe the floor when they started because they were backed by SIA and were going to go trans-Pacific with A330's? Didn't end well.
normanton I fail to see how VA has a net worth is between $500-800m. Net worth has nothing to do with daily share turnover value. Putting it simply the liabilities are greater than the assets. VA has to be careful they do not trade when insolvent. The directors are in a precarious position and have to be careful they do not breach their duties under the Act.
normanton I fail to see how VA has a net worth is between $500-800m. Net worth has nothing to do with daily share turnover value. Putting it simply the liabilities are greater than the assets. VA has to be careful they do not trade when insolvent. The directors are in a precarious position and have to be careful they do not breach their duties under the Act.
So the government basically are saying no dice on the funding plea and all but outright telling the world they are willing to lower the barriers for a new carrier to start up...is the outcome of this basically dictating the end for VA now?
From what I have read lately PS has all but said they may not be able to survive without it and the fin review seems to believe there is only 3 months of cash til they run out completely, unless things improve drastically in the aviation industry in less than 3 months, what are the options now? Sell off 3/4 of the fleet and operate a skeleton operation? I can't imagine the 330/777 will be taking to the skies again if these latest articles on finances are correct.
From what I have read lately PS has all but said they may not be able to survive without it and the fin review seems to believe there is only 3 months of cash til they run out completely, unless things improve drastically in the aviation industry in less than 3 months, what are the options now? Sell off 3/4 of the fleet and operate a skeleton operation? I can't imagine the 330/777 will be taking to the skies again if these latest articles on finances are correct.
If I was the minister I would be asking how much the owners of the company are putting in to help save all these jobs. If a billionaire businessman is putting in zero why should the Australian taxpayer?
It may be worth having a look at what Branson did with Flybe, before it went bankrupt.
A very good point.
It may be worth having a look at what Branson did with Flybe, before it went bankrupt.
as a lender of last resort is an indication that fund raising in the market place was unsuccessful.