Alan vs VA
I thought Joyce's comments were directed at even treatment by the government for all airlines, after a suggestion that VAH might be bailed out preferentially and re-capitalised.
Apart from the principal that governments should not be in the business of capitalising private airline operators, the reality is not good for VAH because of its pre existing perilous finance metrics.
QAN has the internal and external commercial financial resources to sustain a significant non flying period, but make no mistake, pilots will eventually be made redundant as it will take years to recover back to a pre COVID position.
It's impossible to know how VAH will emerge from this. Things can change daily.
Apart from the principal that governments should not be in the business of capitalising private airline operators, the reality is not good for VAH because of its pre existing perilous finance metrics.
QAN has the internal and external commercial financial resources to sustain a significant non flying period, but make no mistake, pilots will eventually be made redundant as it will take years to recover back to a pre COVID position.
It's impossible to know how VAH will emerge from this. Things can change daily.
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The ACCC is on Joyce's case:
https://www.theguardian.com/australi...as-coronavirus
https://www.theguardian.com/australi...as-coronavirus
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There is a big difference between urging strong competitors like Banks and supermarkets to co-operate and propping up businesses which were in a perilous state BEFORE Coronavirus. COVID19 should not be an excuse to save failed businesses any more than it should be an excuse for an unregulated monopoly.
The shareholders of VA have allowed their business to be mismanaged to the point where it is today. I have no sympathy for them.
I have enormous sympathy for the 10,000 staff who will suffer as a result of their lack of leadership. This is where the anger should be directed.
As a taxpayer, I would be appalled to see Branson, who already profiteered enormously from VirginBlue (to the detriment of yours and my superannuation), be supported by the Australian Government. Same goes for the rest of the shareholders.
The Government need a solution which minimises job losses, preserves entitlements and avoids propping up failed investments by foreign billionaires and airlines.
Time for leadership
The shareholders of VA have allowed their business to be mismanaged to the point where it is today. I have no sympathy for them.
I have enormous sympathy for the 10,000 staff who will suffer as a result of their lack of leadership. This is where the anger should be directed.
As a taxpayer, I would be appalled to see Branson, who already profiteered enormously from VirginBlue (to the detriment of yours and my superannuation), be supported by the Australian Government. Same goes for the rest of the shareholders.
The Government need a solution which minimises job losses, preserves entitlements and avoids propping up failed investments by foreign billionaires and airlines.
Time for leadership
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There is a big difference between urging strong competitors like Banks and supermarkets to co-operate and propping up businesses which were in a perilous state BEFORE Coronavirus. COVID19 should not be an excuse to save failed businesses any more than it should be an excuse for an unregulated monopoly.
The shareholders of VA have allowed their business to be mismanaged to the point where it is today. I have no sympathy for them.
I have enormous sympathy for the 10,000 staff who will suffer as a result of their lack of leadership. This is where the anger should be directed.
As a taxpayer, I would be appalled to see Branson, who already profiteered enormously from VirginBlue (to the detriment of yours and my superannuation), be supported by the Australian Government. Same goes for the rest of the shareholders.
The Government need a solution which minimises job losses, preserves entitlements and avoids propping up failed investments by foreign billionaires and airlines.
Time for leadership
The shareholders of VA have allowed their business to be mismanaged to the point where it is today. I have no sympathy for them.
I have enormous sympathy for the 10,000 staff who will suffer as a result of their lack of leadership. This is where the anger should be directed.
As a taxpayer, I would be appalled to see Branson, who already profiteered enormously from VirginBlue (to the detriment of yours and my superannuation), be supported by the Australian Government. Same goes for the rest of the shareholders.
The Government need a solution which minimises job losses, preserves entitlements and avoids propping up failed investments by foreign billionaires and airlines.
Time for leadership
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My guess is the government will punch through a whole bunch of revised bankruptcy legislation to make it easier to Phoenix large companies if its in the national interest (probably similar to chapter 11 in the states). Ie allowing them to tear up all existing contracts, EBAs, leases etc provided the administrator can demonstrate that the resurrected company can be profitable. Means the government won’t have to nationalise company’s or “pick winners” and still gets to save some jobs.
Unfortunately that still probably means widespread job losses and by by to the wide body fleet, ATRs, possibly tiger as well.... but it’d be better than than the whole show falling over
Unfortunately that still probably means widespread job losses and by by to the wide body fleet, ATRs, possibly tiger as well.... but it’d be better than than the whole show falling over
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Over speed - agree.
I also wouldn’t be surprised to see increased regulation, up to the old 2 airline agreement to be introduced for a period post COVID to allow carriers to strengthen balance sheets and avoid predatory start-ups from killing off those who stumble out of this wounded but operating.
I also wouldn’t be surprised to see increased regulation, up to the old 2 airline agreement to be introduced for a period post COVID to allow carriers to strengthen balance sheets and avoid predatory start-ups from killing off those who stumble out of this wounded but operating.
There is a big difference between urging strong competitors like Banks and supermarkets to co-operate and propping up businesses which were in a perilous state BEFORE Coronavirus. COVID19 should not be an excuse to save failed businesses any more than it should be an excuse for an unregulated monopoly.
The shareholders of VA have allowed their business to be mismanaged to the point where it is today. I have no sympathy for them.
I have enormous sympathy for the 10,000 staff who will suffer as a result of their lack of leadership. This is where the anger should be directed.
As a taxpayer, I would be appalled to see Branson, who already profiteered enormously from VirginBlue (to the detriment of yours and my superannuation), be supported by the Australian Government. Same goes for the rest of the shareholders.
The Government need a solution which minimises job losses, preserves entitlements and avoids propping up failed investments by foreign billionaires and airlines.
Time for leadership
The shareholders of VA have allowed their business to be mismanaged to the point where it is today. I have no sympathy for them.
I have enormous sympathy for the 10,000 staff who will suffer as a result of their lack of leadership. This is where the anger should be directed.
As a taxpayer, I would be appalled to see Branson, who already profiteered enormously from VirginBlue (to the detriment of yours and my superannuation), be supported by the Australian Government. Same goes for the rest of the shareholders.
The Government need a solution which minimises job losses, preserves entitlements and avoids propping up failed investments by foreign billionaires and airlines.
Time for leadership
Alan, like a good CEO, is way ahead of you. He is already planning the post pandemic Qantas. Like any good operator, that means destroying competitors and building barriers to entry against new players.
Unfortunately for pilots, engineers and cabin crew, that means that screwing you, as well as the Australian public and Australian tourist industry is part of his plan.
My own post pandemic plan would be to sell seats at cost in order to boot strap the domestic and international tourist industry in return for limiting competition. However that won’t happen. Qantas, the Sydney leach, will suck the life out of Australian air travel yet again.
Question: What anal lubricant to they supply in the Chairman’s lounge?
Unfortunately for pilots, engineers and cabin crew, that means that screwing you, as well as the Australian public and Australian tourist industry is part of his plan.
My own post pandemic plan would be to sell seats at cost in order to boot strap the domestic and international tourist industry in return for limiting competition. However that won’t happen. Qantas, the Sydney leach, will suck the life out of Australian air travel yet again.
Question: What anal lubricant to they supply in the Chairman’s lounge?
"Extremely short memories by some QF drivers here." (Sorry. The quote function doesn't seem to be working properly on my Mac.)
I wouldn't worry too much about the few Timmy - I'm sure you aren't.
Most of us have sisters, brothers, fathers, mothers, cousins, mates and even just casual acquaintances at Virgin. We don't want to see them out of a job anymore than we too want to be unemployed.
I wouldn't worry too much about the few Timmy - I'm sure you aren't.
Most of us have sisters, brothers, fathers, mothers, cousins, mates and even just casual acquaintances at Virgin. We don't want to see them out of a job anymore than we too want to be unemployed.
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Exactly. Talks about mismanagement, yet who were they competing against back then? A Virgin Blue (or Australia if it was called that at the time) that was barely making any money. If you can't make money from dominating the market (imagine if QF had 3-4 more domestic competitors) then you can't go and bang on about the mismanagement of another company and they're asking for a bailout, especially after you went and asked the government for $3billion dollars. Hypocritical really.
I heard all Tiger pilots have been stood down allegedly.