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20 buyers now circling Virgin Australia

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20 buyers now circling Virgin Australia

Old 24th Jun 2020, 12:49
  #381 (permalink)  
 
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Let’s hope not as they do a very different role to the mainline operation and essentially are self contained within vara it may not be sold with the main operation but hopefully another party will pick up the game as it feeds a lot of people onto east coast flights
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Old 24th Jun 2020, 23:06
  #382 (permalink)  
 
Join Date: Jun 2020
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Wouldn't it be great if Pacbro started back up and left those other fulla's to it. They were always great to travel with.
#bringbackthebro
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Old 25th Jun 2020, 00:54
  #383 (permalink)  
-41
 
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VARA will definitely be gone, 737’s are more than capable of doing the viable destinations BRM KTA PHE and contracts with RIO like OCM ZNE.

With a single fleet of more than 80 737s, when many 73 will Have more attractive power by the hour leases for low utilisation WA weekday work, the 737 can do all A320 work with the benefit of dispatch reliability. They won’t need to base a VARA engineer in BME for the Fokker dispatch issues.

If a contract is not 73 economically viable they will just drop it, or get QQ to do it.

if they say it will be a single fleet there’s no future for them in the va mk2.
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Old 25th Jun 2020, 01:49
  #384 (permalink)  
 
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One would hope that VA would be strategic in releasing any owned F100ís into the open market.
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Old 25th Jun 2020, 02:48
  #385 (permalink)  
 
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With a single fleet of more than 80 737s, when many 73 will Have more attractive power by the hour leases for low utilisation WA weekday work, the 737 can do all A320 work with the benefit of dispatch reliability. They wonít need to base a VARA engineer in BME for the Fokker dispatch issues
Isn't the whole reason why they got A320s because 737 cannot land at certain Mine Sites?
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Old 25th Jun 2020, 02:55
  #386 (permalink)  
 
Join Date: Mar 2016
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Originally Posted by non_state_actor View Post
Isn't the whole reason why they got A320s because 737 cannot land at certain Mine Sites?
VARA got their first A320 back in Skywest days well before VA bought them. It was brought in for the cloudbreak contract. The charter was operated by a VB 737 on a wet lease arrangement until skywest could introduce the A320.

The only runway that I know the 737 may be an issue with is Cocos Island, though I'm not familiar with all the mining strip's VARA fly to.

Last edited by WipperSnapper; 25th Jun 2020 at 07:21.
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Old 25th Jun 2020, 06:29
  #387 (permalink)  
 
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Can't think of any mine sites that the A320 currently operates into that a 737 couldn't do the same. Anyone else?

BTW - Cocos Island will handle just about any aircraft. A 737 ain't a problem. It's also scheduled for a significant airport upgrade.
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Old 25th Jun 2020, 07:53
  #388 (permalink)  
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737 700 can do them all of which there are two remaining in the fleet. Welshpool likes to fly the A320's as much as possible on charter work, maybe they get the A320 leases for free, might have read that somewhere

VARA cancellations ex ADL / MEL when the A320 ventured east on weekends proved just how unreliable an operation it was. The loss of good will on the Indian ocean routes and Broome is unacceptable. Why would a ruthless corporate overlord gift mainline trunk routes like KGI KTA, ZNE, PHE, BME, DRW, ADL Plus subsidised Indian ocean work to another operator in the form of a VARA sale.

That's another Borghetti own goal, like TT following mainline on the same east coast sectors.

Last edited by -41; 25th Jun 2020 at 08:06.
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Old 25th Jun 2020, 11:57
  #389 (permalink)  
 
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Cocos Island is easy for the 737. Christmas Island can get a bit hairy as its not very long and has a slope. Can get a bit messy if you stuff it up.
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Old 25th Jun 2020, 12:07
  #390 (permalink)  
 
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C'mon, do you really think that after the announcement by Qantas today that any one in their right mind would buy an airline...and one owing $7b!?
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Old 25th Jun 2020, 12:34
  #391 (permalink)  
 
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Geez, then Cyrus and Bain must love wasting time.

If the Qantas announcement today caught you by surprise you would be the only one.

Last edited by ozbiggles; 25th Jun 2020 at 13:18.
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Old 25th Jun 2020, 12:47
  #392 (permalink)  
 
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Why do you hate VA Obie? You seem to love everyone's pain.
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Old 25th Jun 2020, 21:34
  #393 (permalink)  
 
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Originally Posted by Obie View Post
C'mon, do you really think that after the announcement by Qantas today that any one in their right mind would buy an airline...and one owing $7b!?
Arenít you the genius who ďpredictedĒ that virgin would go into administration.......... 8 weeks after it had already been in administration?
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Old 25th Jun 2020, 22:16
  #394 (permalink)  
 
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cyrus has withdrawn their bid
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Old 25th Jun 2020, 22:17
  #395 (permalink)  
 
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BREAKING:

Cyrus pulls out unhappy with the engagement from Deloitte.

Bain wins.

Will be interesting to hear about the Cyrus leaks when they surface about the process.
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Old 25th Jun 2020, 22:21
  #396 (permalink)  
 
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Poor handling by Deloitte, letís hope Bain donít get cold feet.
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Old 25th Jun 2020, 22:26
  #397 (permalink)  
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https://www.theage.com.au/business/c...26-p556d3.html


The New York-headquartered firm said that after submitting a bidding offer for Virgin on Monday as one of two short-listed bidders, "administrators have not returned calls, emails, or meaningfully engaged with Cyrus to progress its offer".

Cyrus said in a statement that as a result, it withdrew its offer on Friday morning.
"I am disappointed that it has become necessary to withdraw our offer," said Cyrus's founder and chief investment officer, Stephen Freidheim.

"Cyrus firmly believes that the Australian aviation industry has a bright future and would be willing to reinstate our offer if the administrators agree to re-engage in good faith, productive discussions with a view to concluding a transaction that will benefit all key stakeholders – employees, customers, Velocity members and bondholders."
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Old 25th Jun 2020, 22:31
  #398 (permalink)  
 
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Weren't Cyrus supposed to be the "union friendly" bid? It would seem that the administrators don't give any credence to the ACTU's preferred bidder. One bidder who at any point in the process can just walk away. Is this really any different to what happened to Ansett?
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Old 25th Jun 2020, 22:33
  #399 (permalink)  
 
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Originally Posted by Lookleft View Post
Weren't Cyrus supposed to be the "union friendly" bid? One bidder who at any point in the process can just walk away. Is this really any different to what happened to Ansett?
And it appears they have. Cyrus has pulled the bid.
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Old 25th Jun 2020, 22:39
  #400 (permalink)  
 
Join Date: Jul 2008
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I was referring to the remaining bidder-Bain. They have stated that they want to take Virgin back to its Virgin Blue beginnings but until they sign the change of ownership documents and transfer the money then there is no deal.
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