Alan vs VA
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We can agree to disagree on that one, and that's okay! Two airlines isn't just about 10,000 jobs or maintaining the Virgin Australia brand. A monopoly affects consumerism in domestic tourism and this is much bigger than the simplistic views on monopoly issues, particularly as no other airline or business would be in a position to fill the void like Virgin Blue did when Ansett Australia left. A bailout for the main airlines will ensure Virgin Australia's survival (for a reasonable amount of time anyhow) which will hasten Australia's economic recovery, particularly in the tourism industry and others holistically.
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Joyce was about to leave Qantas after their 100th birthday at their highest share price ever (like most CEOs like to do). However, COVID-19 has ruined those plans. The only way to get the share price close to what it was recently is for VA to fold and therefore Qantas to recover more quickly than under the circumstances should VA stay. He'll either have to stay and get Qantas out of this mess, preferably to him with VA gone, or leave on a low.
Its nothing but an attempt to bring down the mail boy and what he had built.
Just a executive pissing contest.
It’s more than that wheels down, it’s survival. AJ doesn’t want VA to struggle and be bailed out because he knows it will eventually happen to the mighty QF as well, that is a handout. And with that handout will come some very restrictive conditions.....regulation at the executive management level. That’s what AJ fears most. So if VA is bailed out standby for AJ ‘ oh we can do it out own’ rhetoric for a little while, but then the hand will come out. The capital raising last week reeks of desperation.
just my 2 cents worth, and in the interest of transparency, I’m pretty biased. And some may say I’m desperate too, probably am..
just my 2 cents worth, and in the interest of transparency, I’m pretty biased. And some may say I’m desperate too, probably am..
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So this thread is Alan V VA. Check out the CEOs of all 18 AFL clubs pulling together, collaborating together, sharing good thoughts, ideas
getting through this protecting each other. Don't see any blood letting their. Same as Coles and Woolies, Myer and David Jones, Kmart and Target.
Never seen any of these CEOs carry on like a pork chop.
getting through this protecting each other. Don't see any blood letting their. Same as Coles and Woolies, Myer and David Jones, Kmart and Target.
Never seen any of these CEOs carry on like a pork chop.
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I wouldn’t want my hard earned going into a mostly foreign owned company. We need to get real in this country and start to bring stuff indoors. Restart our manufacturing industries and commence nation building projects.
SN
SN
Oh, how the worm turns. When JB took over VB, there was elated hysteria about how QF was stuffed. Virgin couldn't lose. There was faint acknowledgment of the QF blokes who were now stuffed due to the new world order. Funny how **** happens. It sucks, but i's life.
As a victim of Ansett, l understand the angst going through most of you at the moment. But remember: Things will get better, one way or the other.
Those preporting that the government will bail VA out is a misnomer. Never happened for AN won't happen now.
Those preporting that the government need two airlines: Forget it. They don't care.
As with AN, there will be some new foreign upstart that will fill the void, like VA.
Not saying anything against VA staff, but new horizons will emerge for those dedicated, like the old AN crew.
All the best.
halas
Those preporting that the government will bail VA out is a misnomer. Never happened for AN won't happen now.
Those preporting that the government need two airlines: Forget it. They don't care.
As with AN, there will be some new foreign upstart that will fill the void, like VA.
Not saying anything against VA staff, but new horizons will emerge for those dedicated, like the old AN crew.
All the best.
halas
The Chairman’s lounge wins every time.
The most that the poor citizens can ask for is direct international flights daily of each state capital. Break the Sydney centric mould.
The most that the poor citizens can ask for is direct international flights daily of each state capital. Break the Sydney centric mould.
Breaking news, ASIC has started an investigation into Joyce making false statements about Virgin re Virgin being basically bankrupt and that they had called in administrators.
It was more along the lines of they are in a precarious financial state. And he’s not wrong, that’s why VA is now begging for government assistance
https://www.smh.com.au/business/comp...31-p54fr6.html
I’m not saying that VA will get a bail out, I’m saying that AJ wants them long gone so he can have his bailout on his terms. Spruiking this 6 billion total is pure HR scare tactic. It worked on the pilots (sans covid 19 of course) so perhaps it will work on the govt too. QF may have more cash than VA but they are burning it at 3 times the rate too. I think the solvent time frame for both is pretty similar, hence the offensive tactics. Every other industry on the planet are all pulling together at the moment, including airlines, but here in OZ, as always, we are doing our own thing. Doing our best to ruin everything. There will be hardly any international travel for a few years and a slow regrow in domestic travel. It ain’t just gonna pickup where we left off.
“We have received reports of Qantas briefing journalists on the false pretense that Virgin Australia cash reserves are running out within days and that Virgin Australia has appointed administrators," Mr Scurrah wrote to the ACCC. "We are gathering together a range of examples of this conduct to send to you."
https://www.smh.com.au/business/comp...31-p54fr6.html
https://www.smh.com.au/business/comp...31-p54fr6.html
sounds quite concrete to me. When Qantas has supposedly been briefing several journalists. Or do you think Scurrah is just making it up without any foundation. We already have Joyce recorded at the staff meeting telling staff to contact their local MP to complain about the possibility of virgin receiving any government help.
When this is over there needs to be a reckoning - the so called business "leaders" that didn't step up and lead with humanity in these times need to be exposed and get sent to where they belong.
This thread, and those like it are a fantastic example of why self isolation and pprune don’t mix.
You are all going round in circles.
Go out and get some fresh air
You are all going round in circles.
Go out and get some fresh air
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We already have Joyce recorded at the staff meeting telling staff to contact their local MP to complain about the possibility of virgin receiving any government help
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VA like Ansett, regardless of being good or bad, aren't/weren't flag carriers. Only the flag carriers will survive the recession that Covid 19 is going to deliver us.
but I imagine that is the least of his worries now should what Scurrah says happened actually turn out to be correct. And if SEVERAL journalists have been briefed as he says then that is entirely different to the staff briefing and much more serious.
I imagine what happened was these SEVERAL journalists each contacted Scurrah asking for comment, each telling the same story regarding lack of cash and administration pending. I do not believe for a second that Scurrah is making this up. And it is now not his word against Joyce or Qantas, it is SEVERAL journalists word against Joyce and or Qantas.
Given that QF has squandered untold millions on various pop up airlines and side enterprises with the aim of eroding the pay and conditions of its staff, I would be compelling said organization supply it’s books for audit before any bailout is granted; no books, no bailout. AJ changes his economic narrative whenever he feels a freebie coming his way. Broke one minute, record profits the next.
I’m not suggesting that this won’t test the QF finances to the limit, but it is clear that the bailout request is a reaction to losing his grip on a potential national monopoly should VA be given a hand.
I’m not suggesting that this won’t test the QF finances to the limit, but it is clear that the bailout request is a reaction to losing his grip on a potential national monopoly should VA be given a hand.