Government Loan to Virgin Australia
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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 CEO’s do have ego’s 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.
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 CEO’s do have ego’s 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.
Paragraph you you seem to be pretty bitter about life in general. You must be fun at parties.
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?
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?
What are you on about?
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 CEO’s do have ego’s 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.
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 CEO’s do have ego’s 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.
You don't like virgin. We get it. Go play canasta or whatever geriatrics struggling for purpose post retirement are supposed to do.
Paragraph I’m 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 people’s throats. I bet you were popular on the flight deck 
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Paragraph I’m 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 people’s throats. I bet you were popular on the flight deck
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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.
....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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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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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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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
Frydenberg said this morning that govt won’t be bailing out, the airline has to go through all ‘commercial processes’ (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
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
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 don’t know enough about the state of Virgins maintenance and documentation.
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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.
