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Private equity take-over for Virgin Australia?

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Private equity take-over for Virgin Australia?

Old 18th Apr 2020, 03:27
  #21 (permalink)  
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Two publications with zero track record in useful aviation reporting, the clickbait rip-off-everybody-else Daily Mail and QLD's sad daily rag.
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Old 18th Apr 2020, 03:42
  #22 (permalink)  
 
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Private equity won’t want it. They will realise that Jetstar is now the Qantas attack dog. They will go for the throat on command. The ACCC is to slow and toothless to be a deterrent.

Qantas will tell Virgin (in a private offshore location) : “You Virgin guys can have 20% market share. If you try to go above that figure, we will crush you back to 15%”.

I’ve seen the same thing done in other industries.
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Old 18th Apr 2020, 03:46
  #23 (permalink)  
 
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I would have thought that at 20%, a relaunched and much leaner low cost operation with a single fleet and no diversification (a la VARA, Tiger etc etc) , would indeed survive in the Australian domestic market
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Old 18th Apr 2020, 05:01
  #24 (permalink)  
 
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This might get interesting

Channel 7 reporting several Chinese airlines considering a Virgin takeover.

Woo hoo! we're saved...or not.
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Old 18th Apr 2020, 05:40
  #25 (permalink)  
 
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Another step on the road to Australia becoming just another province of China.
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Old 18th Apr 2020, 06:14
  #26 (permalink)  
 
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Originally Posted by LexAir View Post
Another step on the road to Australia becoming just another province of China.
Without agreeing with you, I think the word you are looking for is"colony", not "province"!
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Old 18th Apr 2020, 06:46
  #27 (permalink)  
 
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The last thing a sovereign liberal democracy government needs is a CCP wholly owned airline operating in competition with a private enterprise airline. The government must surely be aware of the danger here.

Last edited by LexAir; 18th Apr 2020 at 06:47. Reason: correction
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Old 18th Apr 2020, 07:02
  #28 (permalink)  
 
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A Chinese takeover is the last thing Australia needs. The Chinese already have their fingers in too many pies.
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Old 18th Apr 2020, 07:26
  #29 (permalink)  
 
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Grrr

Originally Posted by Con Catenator View Post
I would have thought that at 20%, a relaunched and much leaner low cost operation with a single fleet and no diversification (a la VARA, Tiger etc etc) , would indeed survive in the Australian domestic market
Hell if you had 20% AND MAKING A PROFIT sure beat the last 10 years of crap management being sold as leadership!

Alliance know their niche and make money - obviously not run by people with delusions of adequacy.
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Old 18th Apr 2020, 08:07
  #30 (permalink)  
 
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Originally Posted by airspace alpha View Post
If, and I repeat if, it happens, assuming Branson pulls out would he also take the IP rights to the name “Virgin” with him?
and if so what would you call the resurrected airline?
Ansett MUST be taken.
of course you could call it Ozjet...........................


I’ll get my hat............
They could call it Red Roo Airlines for all I care, I would still fly them if they were just a bit better thnt Deathstar.
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Old 18th Apr 2020, 08:52
  #31 (permalink)  
 
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Won’t be able to be called “Virgin” Airlines because it’s well and truly f****d.
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Old 18th Apr 2020, 09:37
  #32 (permalink)  
 
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There is something I don’t get here from all those trying to dance on the VA grave.
You keep saying it hasn’t made a profit and it is 90% foreign owned. Then isn’t that a good thing that ‘foreign’ companies are wearing the cost of all this and are the ones who are going to take a haircut? Try telling the 10000 staff that they don’t pay tax to the government and passengers don’t pay GST and fees to the government as well when I keep hearing it doesn’t pay tax argument.
The worst thing that can happen for the haters isVA do go into VA, renegotiate all the leases, EBAs and other commercial items and come out the other side a leaner more competitive organisation to take on the beloved big Q. Then the Federal government might wish it did have a bit more control.
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Old 18th Apr 2020, 23:53
  #33 (permalink)  
 
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Originally Posted by jethro_027 View Post
Agree. I can’t get my head around the arguments that VA isn’t Australian enough, not worthy of a government loan and should look to the market. But at the same time if VA goes to the market and gets Chinese money, well then that’s bad because it’s too Australian.
Spot on to both the above.
There seems to be a bit of hidden motivation,both here and on the other larger ‘Government Loan’ thread,from many of the same repeat posters.
First, it’s “Market forces should be the only determinant of VAs fate,so let it collapse.” But in the next breath,”Oh,it’s okay to allow government intervention in the market to stop fare gouging when there’s only one operator.”
Secondly,it’s “No,no,no taxpayer money for VA,let the shareholders/new investors do it.”
Then,when that is rumoured to be happening, it’s “No way,no Chinese owned domestic airline in Oz,FIRB please fix this.”
Next “Oh,get real, the story was started in some dodgy rag and no one with any credibility will report it,”.And allegedly started by an incompetent media team who took out pointless,expensive, full page anti-monopoly ads,but somehow they were so effective on this ‘fake news’,it’s now the main story relating to VA across the media.
Also,VA was/is “badly managed for over a decade,they’re a joke,they’re culture sucks,blah,blah”.But it was badly managed by somebody who got ALL his airline experience over the road at the Q,and got involved in a pi$$ing competition with their own short man.
There appears to be an inference that the level of past management/talent/ability/attitude (or lack of it) permeates through all employees at the company.Thank god this isn’t true at either VA or the Q.
There’s some truly miserable bastards around,who seem so convinced of their own supremacy that all opposition must be ground into dust,whatever the cost,or maybe the opposite.Perhaps a little insecure that the reaper may be coming for their own very valuable and highly skilled souls at any moment?
Most likely a little too much isolation fever/ red wine/fear of the unknown I reckon..
And yeah,it’s a RUMOUR site,for sure,so all bets are off,but starting or finishing a nasty-for-it’s-own-sake post with “I really hope VA survive,I really do” then sticking the knife in won’t cut it.
There’s not a lot of solidarity from some.Bit of a shame really.
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Old 19th Apr 2020, 01:01
  #34 (permalink)  
 
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Originally Posted by Renton Field View Post
Spot on to both the above.
There seems to be a bit of hidden motivation,both here and on the other larger ‘Government Loan’ thread,from many of the same repeat posters.
First, it’s “Market forces should be the only determinant of VAs fate,so let it collapse.” But in the next breath,”Oh,it’s okay to allow government intervention in the market to stop fare gouging when there’s only one operator.”
Secondly,it’s “No,no,no taxpayer money for VA,let the shareholders/new investors do it.”
Then,when that is rumoured to be happening, it’s “No way,no Chinese owned domestic airline in Oz,FIRB please fix this.”
Next “Oh,get real, the story was started in some dodgy rag and no one with any credibility will report it,”.And allegedly started by an incompetent media team who took out pointless,expensive, full page anti-monopoly ads,but somehow they were so effective on this ‘fake news’,it’s now the main story relating to VA across the media.
Also,VA was/is “badly managed for over a decade,they’re a joke,they’re culture sucks,blah,blah”.But it was badly managed by somebody who got ALL his airline experience over the road at the Q,and got involved in a pi$$ing competition with their own short man.
There appears to be an inference that the level of past management/talent/ability/attitude (or lack of it) permeates through all employees at the company.Thank god this isn’t true at either VA or the Q.
There’s some truly miserable bastards around,who seem so convinced of their own supremacy that all opposition must be ground into dust,whatever the cost,or maybe the opposite.Perhaps a little insecure that the reaper may be coming for their own very valuable and highly skilled souls at any moment?
Most likely a little too much isolation fever/ red wine/fear of the unknown I reckon..
And yeah,it’s a RUMOUR site,for sure,so all bets are off,but starting or finishing a nasty-for-it’s-own-sake post with “I really hope VA survive,I really do” then sticking the knife in won’t cut it.
There’s not a lot of solidarity from some.Bit of a shame really.
This is spot on 👏👏👏
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Old 20th Apr 2020, 02:45
  #35 (permalink)  
 
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Well, which is the lesser of two evils? To be owned by Chinese companies or to be out of a job? Perhaps the Chinese know a thing or two about running an airline to profitability which is a far cry from the efforts of previous Vrigin management?
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Old 20th Apr 2020, 03:17
  #36 (permalink)  
 
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I offer $1.00.
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Old 20th Apr 2020, 03:25
  #37 (permalink)  
 
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I offer $1.50 with a new board and Executive management team
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Old 20th Apr 2020, 03:33
  #38 (permalink)  

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After the QLD Govt. offered 200mill to VA, on condition that they kept the HQ in BNE, NSW have chipped in with an offer on condition that they move to SYD!
"New South Wales might want to bring a pea-shooter to the fight, we will bring a bazooka and we're not afraid to use it..."
Yes, lets have a bidding war & slanging match in public whilst the VA staff are just simply worried about their future...
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Old 20th Apr 2020, 05:33
  #39 (permalink)  
 
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"New South Wales might want to bring a pea-shooter to the fight, we will bring a bazooka and we're not afraid to use it..."

Good Lord has this guy been to VA's management school? This sort of attitude is why it would indeed be a good idea to relocate out of QLD. The Village obviously doesn't have a monopoly on idiots.
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Old 20th Apr 2020, 06:24
  #40 (permalink)  
 
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Originally Posted by smiling monkey View Post
Well, which is the lesser of two evils? To be owned by Chinese companies or to be out of a job? Perhaps the Chinese know a thing or two about running an airline to profitability which is a far cry from the efforts of previous Vrigin management?
"profitability" or better referred to as "the illusion of" which is what the Chinese government is good at, They can created the illusion of profitability do this with their own lot but its going to be harder task to manage an airline when they have to comply with labour laws and unions.
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