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Government Loan to Virgin Australia

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Government Loan to Virgin Australia

Old 19th Apr 2020, 07:16
  #781 (permalink)  
 
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Unfortunately some people feel that people
like Houston and Cosgrove (ex QF Board) make great Board members of listed companies. Based on what? Their experience is having endless supplies of Government money for their organisations with little accountability. Far different to a private company or corporation. Or is it their ability to lick their way to the top of the Defense Force? Again, no skill in that, but airline CEOís do have egoís and like their asses being kissed. Margaret Staib is another ex Defense slippery pole slider and she had a tenure with ASA, as CEO, and once again there was no love lost when she left as her performance was viewed as less than stellar.


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Old 19th Apr 2020, 07:23
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Originally Posted by Paragraph377
My comment is accurate. He left a trail behind him in both organisations. Now he is on the VAH Board where another trail of destruction is being left behind.
Iíve no idea about Angus Houstonís activityís after the ADF. But you are WRONG about his military service. He was roundly liked and respected as CAF and CDF. He did a great job and Iím not really sure what he had to do with Collins as an Air Force guy? He was CDF well after Collins was operating at a high level.

Paragraph you you seem to be pretty bitter about life in general. You must be fun at parties.
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Old 19th Apr 2020, 08:01
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Originally Posted by Paragraph377
Unfortunately some people feel that people
like Houston and Cosgrove (ex QF Board) make great Board members of listed companies. Based on what? Their experience is having endless supplies of Government money for their organisations with little accountability. Far different to a private company or corporation. Or is it their ability to lick their way to the top of the Defense Force?
Yeah, like when Houston stood up the government of the day and questioned the 'children overboard' claim. He was only 'acting' CDF at the time but they still promoted him and made him CDF AND extended his tenure.

What are you on about?
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Old 19th Apr 2020, 08:20
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Originally Posted by Slezy9
Paragraph you you seem to be pretty bitter about life in general. You must be fun at parties.
ÖÖÖ.
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Old 19th Apr 2020, 08:27
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Originally Posted by Paragraph377
Unfortunately some people feel that people
like Houston and Cosgrove (ex QF Board) make great Board members of listed companies. Based on what? Their experience is having endless supplies of Government money for their organisations with little accountability. Far different to a private company or corporation. Or is it their ability to lick their way to the top of the Defense Force? Again, no skill in that, but airline CEOís do have egoís and like their asses being kissed. Margaret Staib is another ex Defense slippery pole slider and she had a tenure with ASA, as CEO, and once again there was no love lost when she left as her performance was viewed as less than stellar.
Do you ever shut up? Every thread, the same old man yelling at clouds.

You don't like virgin. We get it. Go play canasta or whatever geriatrics struggling for purpose post retirement are supposed to do.

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Old 19th Apr 2020, 08:35
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Paragraph Iím trying to do you a favour when I say that you need to stay off PPRUNE as you are making a real C#nt of yourself, the equivalent of stopping someone from drunk texting. I cannot imagine a sadder retirement than feeling the need to get on PPRUNE to shove my controversial views down peopleís throats. I bet you were popular on the flight deck
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Old 19th Apr 2020, 08:54
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Originally Posted by H-Dog
Paragraph Iím trying to do you a favour when I say that you need to stay off PPRUNE as you are making a real C#nt of yourself, the equivalent of stopping someone from drunk texting. I cannot imagine a sadder retirement than feeling the need to get on PPRUNE to shove my controversial views down peopleís throats. I bet you were popular on the flight deck
Ha Ha! Love it! Always the professional on the Flightdeck cuz and we had lots of fun. Canít fly as long as I did in the LHS without a sense of humour or professionalism. ANZ was good to me and vice versa. As for wanting VA to fail, you are a muppet mate. Said it time and again that I donít wish to see Pilots unemployed. But I wonít hold back from showing up management and the Board for what they are. I really couldnít give two sheep whether you like that or not, cuz.



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Old 19th Apr 2020, 08:58
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I guess you could stick to being factual about the people youíre trying to drag through the gutter; that would be a start.
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Old 19th Apr 2020, 09:00
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Originally Posted by junior.VH-LFA
I guess you could stick to being factual about the people youíre trying to drag through the gutter; that would be a start.
Sorry, were you saying something??
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Old 19th Apr 2020, 10:21
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Para377 has it mostly correct. A lot of Directors are there for their connections. I was schooled by my board about the duties of Directors. It is not a. job for the faint hearted. It is not about port and cigars. It is therefore a concern to have “celebrity” Directors who may not know much about running airlines....

....And no, you won’t just pick it up on the job. You won’t even know the right questions to ask.
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Old 19th Apr 2020, 11:29
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I wonder if the head of C@Ts new school of aviation excellence is still going ahead in Tamworth? And if the new business divisions had been “Stood Up“ yet or maybe all the “Colouring In specialists” have left the village.
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Old 19th Apr 2020, 20:35
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On the news this morning Government to offer VA financial assistance few conditions of course, seems to be a big obsession where head office is. Head office must move to Western Sydney Airport precinct.
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Old 19th Apr 2020, 21:16
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No other than Peter Beattie who attracted Branson to Brisbane has entered the save Virgin crisis urging the States to stump up the money (Courier Mail 20 April) to save services to regional Australia. Given his record as a Premier, Chairman of the Commonwealth Games and Chairman of the ARL is not exactly bathed in glory a heart felt recommendation from him is probably the kiss of death. If Scurrah has urged Beattie to respond because of Scurrah's political connections, having been appointed Head of Qld Rail by Labor and his wife was former Premier Ann Bligh's (now Mrs Banking Australia) Chief of Staff it is a sign of utter desperation. The Chinese have probably read the tea leaves and will abandon the notion of any deal out of fear that Beattie might be appointed the Chairman
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Old 19th Apr 2020, 21:23
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Originally Posted by chance
The Chinese have probably read the tea leaves and will abandon the notion of any deal out of fear that Beattie might be appointed the Chairman
The 'Chinese consortium buyout' rumour is fake news.
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Old 19th Apr 2020, 21:38
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Frydenberg said this morning that govt wonít be bailing out, the airline has to go through all Ďcommercial processesí (ie, administration). Also said any attempted takeover by a Chinese govt owned airline will be blocked.

not sure what planet the nsw treasurer is on. Last thing VA needs is different state govts pulling on each arm trying to force them to relocate. Just another big decision for an already overwhelmed management
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Old 19th Apr 2020, 22:39
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Expect Virgin to announce receivership in about 20 minutes. The only other chance is perhaps Paul Little and some Melbourne heavies buying in, but I would suspect they may need to ensure they can keep the AOC, while getting rid of half the fleet. If Virgin goes into receivership, the next hurdle is how the leased aircraft get repossessed and retaining their airworthy status. I donít know enough about the state of Virgins maintenance and documentation.
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Old 19th Apr 2020, 22:53
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Even if Little et al considers a stake in VA, the debt still needs to be quarantined, which can only happen after an administration process. I'm unclear as to how an AOC is managed in this scenario however.
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Old 19th Apr 2020, 23:07
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Sunfish-
"and some Melbourne heavies buying in,"
The more things change, the more they remain- Fox and Lew, from days gone by..............

Good luck all.
Rgds
S28- BE
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Old 19th Apr 2020, 23:11
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Originally Posted by Sunfish
Expect Virgin to announce receivership in about 20 minutes.
Its been 20 minutes.....
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Old 19th Apr 2020, 23:12
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He said "about" 20 minutes, plus this is a rumour forum, so who knows whether it's true. Time will tell.
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