"Virgin Australia Mk II could launch in as little as three months"
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Originally Posted by normanton
Oh boy. More debt and inaccurate financial information being given to the ASX. This could get interesting.
Ever heard of a little thing called an exchange rate? A lot of the debt was in $US.
Also employee entitlements are not really a reportable debt when a company is still trading. But it automatically turns into a debt when in administration.
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Originally Posted by Chadzat
Ever heard of a little thing called an exchange rate? A lot of the debt was in $US.
Also employee entitlements are not really a reportable debt when a company is still trading. But it automatically turns into a debt when in administration.
Also employee entitlements are not really a reportable debt when a company is still trading. But it automatically turns into a debt when in administration.
Scurrah is that you?
Call it Australian Airlines (oh wait - isn't that owned by QF)
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
Join Date: Oct 2013
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Originally Posted by normanton
Oh boy. More debt and inaccurate financial information being given to the ASX. This could get interesting.
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Employee entitlements are $450 million according to business journos on the news reports tonight.
With around $7 Billion AUD debt to reconcile with creditors as part of the VA process, the administrator has a gargantuan task ahead of them to get agreement between the players.
PG
With around $7 Billion AUD debt to reconcile with creditors as part of the VA process, the administrator has a gargantuan task ahead of them to get agreement between the players.
PG
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Join Date: Oct 2013
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Originally Posted by -41
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Originally Posted by Chris2303
Call it Australian Airlines (oh wait - isn't that owned by QF)
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
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Originally Posted by BNEA320
maybe
but not on every occasion.
Was at SYD one evening few years ago, changing my QF flight at service desk, when all these JQ pax turned up. I think JQ service desk had just palmed them off. .
but not on every occasion.
Was at SYD one evening few years ago, changing my QF flight at service desk, when all these JQ pax turned up. I think JQ service desk had just palmed them off. .
Righto.
Join Date: Apr 2001
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Originally Posted by Chris2303
Call it Australian Airlines (oh wait - isn't that owned by QF)
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
Just call it Tiger, which they bought for $1 and tell Tricky Dick he can keep his logo saving $$$$$$$
The Chinese love tigers..... they just can't eat a whole one in one sitting
(I know .... bad Dad joke)
Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
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They traded with a limited liability company that is now in administration- they are a creditor like anyone else and have no right to take out individual liens.
Originally Posted by Dale Hardale
Begs the question - if the company is found to be already insolvent, when were the directors first aware that solvency was a real problem and did they act legally ??
Edit: as of 5.02 (EST I guess) SMH reports the Admin claims 7B in debt in submitted court docs.
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Don't vehicles require certain certification to be Airside?
....maybe they stepped over the line here, and I'd love to see some fines of breaching Air Nav Regs issued to Perth Airport smartasses by CASA
....maybe they stepped over the line here, and I'd love to see some fines of breaching Air Nav Regs issued to Perth Airport smartasses by CASA
Originally Posted by Buttscratcher
Don't vehicles require certain certification to be Airside?
....maybe they stepped over the line here, and I'd love to see some fines of breaching Air Nav Regs issued to Perth Airport smartasses by CASA
....maybe they stepped over the line here, and I'd love to see some fines of breaching Air Nav Regs issued to Perth Airport smartasses by CASA
