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Government Loan to Virgin Australia

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Government Loan to Virgin Australia

Old 5th Jun 2020, 05:02
  #1281 (permalink)  
 
Join Date: May 2002
Location: In a box
Posts: 241
Originally Posted by B772 View Post
Regardless of the outcome there will be tears this month.
Some articles are stating at least 2000 staff will go. I will probably be one of them. Yes there will be tears, we will lose our house.
Servo is offline  
Old 5th Jun 2020, 05:33
  #1282 (permalink)  
34R
 
Join Date: Jul 2002
Location: Brisbane
Age: 49
Posts: 226
Servo I sincerely hope it doesn't pan out that way.

Look out for each other people.... things for all airlines here about to get very real for those without the benefit of many years of service.
34R is offline  
Old 5th Jun 2020, 07:49
  #1283 (permalink)  
 
Join Date: Aug 2003
Location: Australia
Posts: 449
things for all airlines here about to get very real for those without the benefit of many years of service
Some with up to 15 years service have already been made redundant.
John Citizen is offline  
Old 5th Jun 2020, 08:33
  #1284 (permalink)  
 
Join Date: Feb 2011
Location: Oz
Posts: 698
Took Tiger 8 months to get a AOC for 3 Aircraft. Proving flight was the night before operational launch. They are the only operator who got it first go. They had a Singapore operation to walk the Safety body through which helped build confidence with Canberra. Any new operator might not have that luxury and will face a 12-18 month start.
PoppaJo is offline  
Old 6th Jun 2020, 00:08
  #1285 (permalink)  
 
Join Date: Jul 2010
Location: Asia
Posts: 860
I remember a news report in which CASA stated that for a start up airline with all it's infrastructure in place, the issue of an AOC would take a minimum of nine months. During that time you are burning through cash, it's all outgoings nothing incoming. Those FOIs don't come cheap either while they're sifting through all the manuals looking for spelling mistakes.
krismiler is offline  
Old 15th Jun 2020, 21:34
  #1286 (permalink)  
 
Join Date: Jun 2001
Location: Jungle
Posts: 508
Originally Posted by Blackout View Post
Well there are some interesting dates to note at this point in time,

1. June 11th -Government subsidies ceases.
2. June 12th -Binding bids.
3. June 16th -Administrators become liable for Aircraft leases.
4. June 30th- Administrators close sale, liquidate or have received further funding to operate.
It will be interesting to see if the Administrators continue operating with leased aircraft from today. VARA’s A320s a case in point.
smiling monkey is offline  
Old 15th Jun 2020, 21:40
  #1287 (permalink)  
 
Join Date: Apr 2020
Location: Chester
Posts: 7
Taken in isolation, VARA's cash flow might just support the A320 lease payments.
TCAS v2 is offline  
Old 15th Jun 2020, 22:06
  #1288 (permalink)  
 
Join Date: Feb 2011
Location: dubai
Posts: 59
On Flightradar, VARA flights out of Perth this morning, including A320 VH-YUD, are operating
Rashid Bacon is offline  

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