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"Virgin Australia Mk II could launch in as little as three months"

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"Virgin Australia Mk II could launch in as little as three months"

Old 30th Apr 2020, 10:33
  #241 (permalink)  
 
Join Date: Apr 2011
Location: aus
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Originally Posted by RodH View Post
He probably has been called ďtwiggyĒ from when he was a kid.
John Andrew Henry Forrest
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Old 30th Apr 2020, 10:49
  #242 (permalink)  
 
Join Date: Oct 2013
Location: New Zealand
Age: 67
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Originally Posted by chookcooker View Post
good to see tall poppy syndrome is alive and well
Thank you chicken choker.
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Old 30th Apr 2020, 10:58
  #243 (permalink)  
 
Join Date: Jul 2007
Location: Singaporelah not any more
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Hey Sandy, After his little "Rat" attack last night, he has shown his reasons for Pro Chinese development, he wants to take Virgin with Chinese $. Fat chance now. .
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Old 30th Apr 2020, 11:19
  #244 (permalink)  
 
Join Date: Sep 2005
Location: NT
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Originally Posted by Paragraph377 View Post
Thank you chicken choker.
ooh snap!!

itís okay mate. Iím not rich, so no need to be jealous/bitter/twisted
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Old 30th Apr 2020, 11:38
  #245 (permalink)  
 
Join Date: Oct 2002
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His forefather- John Forrest- was the first Premier of WA, so because heís a young one off the family tree he is just a twig. Get it? Not a difficult concept, likeĒJunior ď , or ď TaddyĒ, or the myriad of other nicknames given to younger siblings
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Old 30th Apr 2020, 11:46
  #246 (permalink)  
 
Join Date: Oct 2013
Location: New Zealand
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Originally Posted by chookcooker View Post
ooh snap!!

itís okay mate. Iím not rich, so no need to be jealous/bitter/twisted
Oh dear, you thought that was a snap?! My my arenít you a conceited one. Ummm, I donít think so mate. And Iím sorry to hear that youíre not rich. Aviation has looked after me rather well !!
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Old 30th Apr 2020, 11:54
  #247 (permalink)  
 
Join Date: Mar 2005
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Shame it did nothing for your personality!
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Old 30th Apr 2020, 12:02
  #248 (permalink)  
 
Join Date: Apr 2020
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Back to the topic - there may be an interest by Forrest in VARA and the WA operation, but I can't see the attraction for the complete entity. He's not the sort of guy who would stake an operation without a guaranteed return.

It needs to be remembered that all the so called "interested parties" are just that and they will only be looking at a debt free start up using some of the assets of the carcass. So the debt has to disappear and that can only occur if the company is somehow wound up. No one is going to take a 100% haircut if the losses can be reduced to a lesser value by stopping the cash outflow now.
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Old 30th Apr 2020, 12:10
  #249 (permalink)  
 
Join Date: Jan 2007
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Originally Posted by Paragraph377 View Post
Oh dear, you thought that was a snap?! My my arenít you a conceited one. Ummm, I donít think so mate. And Iím sorry to hear that youíre not rich. Aviation has looked after me rather well !!
This account has to be some kind of elaborate troll account. Nobody not not heavily on the spectrum is this self unaware.
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Old 30th Apr 2020, 12:41
  #250 (permalink)  
 
Join Date: Oct 2013
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Talking

Originally Posted by das Uber Soldat View Post
This account has to be some kind of elaborate troll account. Nobody not not heavily on the spectrum is this self unaware.
ĎElaborateí is a big word for you to use das Uber Driver. Donít go getting yourself all confused. Now, you and Chad go and find something productive to do like write down aircraft regoís or send pen pal messages to Geoffrey Thomas.
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Old 30th Apr 2020, 13:25
  #251 (permalink)  
 
Join Date: Jan 2007
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Originally Posted by Paragraph377 View Post
ĎElaborateí is a big word for you to use das Uber Driver. Donít go getting yourself all confused. Now, you and Chad go and find something productive to do like write down aircraft regoís or send pen pal messages to Geoffrey Thomas.
Yikes.

I think there is a village somewhere looking for you kiddo.







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Old 30th Apr 2020, 21:14
  #252 (permalink)  
 
Join Date: Oct 2013
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Originally Posted by TCAS v2 View Post
Back to the topic - there may be an interest by Forrest in VARA and the WA operation, but I can't see the attraction for the complete entity. He's not the sort of guy who would stake an operation without a guaranteed return.

It needs to be remembered that all the so called "interested parties" are just that and they will only be looking at a debt free start up using some of the assets of the carcass. So the debt has to disappear and that can only occur if the company is somehow wound up. No one is going to take a 100% haircut if the losses can be reduced to a lesser value by stopping the cash outflow now.
Unless he wants to purchase a small portion of the company not because it makes loads of money, but to simply ensure that his mining interests are serviced by a regular FIFO service. Mining is and will remain his focus, not airlines. Smart man. As a hypothetical, he buys in, if the purchased chunk is big enough he gets a seat on the Board so thatís good. But what if it isnít profitable? Does it matter? He loses say $50m per year in the airline but it keeps his mines operating which personally fills his pocket with hundreds of millions of dollars per year. Sounds good to me. Even better, he might break even on his invested component or even make a couple of bucks. But the methodology behind his buy-in is to keep his mines staffed and operating 24/7. Thatís where the money is, mining. And thatís his motivation. That said, who cares what his motivation is, if it keeps Pilots in the air then that is a good thing.


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Old 30th Apr 2020, 21:26
  #253 (permalink)  
 
Join Date: Jan 2019
Location: Australia
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Originally Posted by Paragraph377 View Post
Unless he wants to purchase a small portion of the company not because it makes loads of money, but to simply ensure that his mining interests are serviced by a regular FIFO service. Mining is and will remain his focus, not airlines. Smart man. As a hypothetical, he buys in, if the purchased chunk is big enough he gets a seat on the Board so thatís good. But what if it isnít profitable? Does it matter? He loses say $50m per year in the airline but it keeps his mines operating which personally fills his pocket with hundreds of millions of dollars per year. Sounds good to me. Even better, he might break even on his invested component or even make a couple of bucks. But the methodology behind his buy-in is to keep his mines staffed and operating 24/7. Thatís where the money is, mining. And thatís his motivation. That said, who cares what his motivation is, if it keeps Pilots in the air then that is a good thing.
If that is his interests, would it not be cheaper to just sign contracts with QF, Cobham, QQ, etc?

Buying an airline to ensure continuity of service seems a bloody expensive way of going about business...
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Old 30th Apr 2020, 22:08
  #254 (permalink)  
 
Join Date: Feb 2001
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Twiggy,

Didnt he just buy 10 MILLION Corona testing kits from China? What a top guy! Your safe now.

Although you might test positive to CCP dissidence. Careful.
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Old 30th Apr 2020, 22:40
  #255 (permalink)  
 
Join Date: Oct 2013
Location: New Zealand
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Originally Posted by Colonel_Klink View Post
If that is his interests, would it not be cheaper to just sign contracts with QF, Cobham, QQ, etc?
Buying an airline to ensure continuity of service seems a bloody expensive way of going about business
I mentioned part ownership. Buying into the airline ensures he gets a say. Contracts can be broken. Virgin Australia had many contracts in place, those people are now listed as creditors and have been stiffed. Andrew is a billionaire also, billionaires usually have money to burn. He would be buying ‘peace of mind’. And it doesn’t mean he can’t still have some contracts in place with other entities such as QF, Cobham et al. It’s all speculative and I’m just offering up a hypothesis to address why a mining billionaire might be interested in buying or buying into a dud airline. His interests certainly wouldn’t be in flying a once per week service from Brisbane to Longreach in summer so that retiree’s could admire old 747’s in 45 degree heat! And an investment of $50, $100, $200m is loose change to this bloke.
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Old 30th Apr 2020, 23:08
  #256 (permalink)  
 
Join Date: Apr 2020
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Its a thought bubble
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Old 30th Apr 2020, 23:09
  #257 (permalink)  
 
Join Date: Apr 2020
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Originally Posted by Blackout View Post
Twiggy,

Didnt he just buy 10 MILLION Corona testing kits from China? What a top guy! Your safe now.

Although you might test positive to CCP dissidence. Careful.
Yep. Then charged the government for them. That's hardly philanthropy.
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Old 30th Apr 2020, 23:13
  #258 (permalink)  
 
Join Date: Apr 2020
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P377 - Forrest has absolutely no interest in keeping pilots in the air as a primary consideration
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Old 1st May 2020, 08:21
  #259 (permalink)  
 
Join Date: Oct 2013
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Originally Posted by TCAS v2 View Post
P377 - Forrest has absolutely no interest in keeping pilots in the air as a primary consideration
TCAS. Read my post again. I never said he was interested in keeping Pilots in the air. I said he might be interested in keeping his mines operating by part owning an airline. That would be a bi-product of where his primary interests lay. A bonus though for people looking to fly planes for a living.
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Old 1st May 2020, 08:44
  #260 (permalink)  
 
Join Date: Jun 2010
Location: Sydney
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Twiggy is just after VARA. Nothing else. Vultures circling to pick at the carcus.
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