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20 buyers now circling Virgin Australia

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20 buyers now circling Virgin Australia

Old 3rd Jul 2020, 01:16
  #541 (permalink)  
 
Join Date: Dec 2000
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What a beat up story that one is, I think Virgin can afford to give back 4 engines at the moment. They probably have a spare 50 at the moment.
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Old 3rd Jul 2020, 01:21
  #542 (permalink)  
 
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Mr. Bahama, I know a genius doctor, Dr. Trump, who will prescribe a course of disinfectant injections. That and a tin foil hat should do the trick🙈🙈. Also stay out of the polar regions and below FL350, it all helps.......
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Old 3rd Jul 2020, 01:30
  #543 (permalink)  
 
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Originally Posted by ozbiggles View Post
The union person leaking this dribble ( it ainít intell) would be familiar to many at Qantas and he is making a right tool of himself at the moment looking for payback for himself. Like everyone else he has no idea what Bain are going to do. Like all companies who were going to bail VA out there was always going to be cuts, just like EVERY other airline in the world. None of that result was brain surgery. Indeed there were sone big cuts before it went into VA.
Ain't that the truth.
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Old 3rd Jul 2020, 01:30
  #544 (permalink)  
 
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The Independent Australia article is satire. Like the Onion. No tinfoil needed.
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Old 3rd Jul 2020, 01:48
  #545 (permalink)  
 
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Originally Posted by No Idea Either View Post
Mr. Bahama, I know a genius doctor, Dr. Trump, who will prescribe a course of disinfectant injections. That and a tin foil hat should do the trick🙈🙈. Also stay out of the polar regions and below FL350, it all helps.......
A smart comment for simply posting a link. Perhaps your time would be better spent reading the comments on workplace.
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Old 3rd Jul 2020, 02:38
  #546 (permalink)  
 
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I am not sure if the inner workings of Voluntary Administration versus US style Chapter 11, but under Chapter 11, equipment can be handed back to lessors on an "as is where is" basis. I have seen aircraft returned to lessors which are no longer airworthy due to expired scheduled maintenance. The lessor has been responsible for conducting outstanding maintenance and flying the aircraft back to the chosen parking destination.
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Old 3rd Jul 2020, 03:09
  #547 (permalink)  
YRP
 
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Originally Posted by SpyderPig View Post
The 737 can do all the mining contracts. Probably more profitable too once you take the cost base of VARA away and all itís associated silos.
No it canít
For the benefits of some of us from the oppositely oriented parts of the world, what are the mining contracts and whatís special about them for aircraft types? And why are they called FIFO for that matter?

Do they fly in to rough strips eg gravel airfields? Iím guessing no... in northern Canada some of the older 737s are still in use for operation to gravel runways. The newer ones and buses donít come with gravel kit as an option is my understanding.
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Old 3rd Jul 2020, 03:28
  #548 (permalink)  
 
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FIFO- Fly in Fly out. Probably like Canada most of the mines are remote from the cities so the workers will fly in for say 2 weeks then fly out back to a capital city for two weeks. Contracts vary but that would be one type.
The mines are like most companies looking for the cheapest option and the very old Fokkers are much cheaper compared to a 737. Most strips now for the bigger mines are pretty good for being in the middle of nowhere and are bitumen and satellites make things easier.
My rough guide. There are probably people here who do it for a living so will have better info.
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Old 3rd Jul 2020, 03:37
  #549 (permalink)  
 
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There's one operator in Australia flying jets in to gravel strip using BAe146 /Avro RJ for the FIFO contracts. They have also started operating Dash 8 Q400s in to gravel strips as well.
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Old 3rd Jul 2020, 03:42
  #550 (permalink)  
 
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Originally Posted by YRP View Post
For the benefits of some of us from the oppositely oriented parts of the world, what are the mining contracts and what’s special about them for aircraft types? And why are they called FIFO for that matter?

Do they fly in to rough strips eg gravel airfields? I’m guessing no... in northern Canada some of the older 737s are still in use for operation to gravel runways. The newer ones and buses don’t come with gravel kit as an option is my understanding.
As Ozbiggles said. Also, nothing special about the aircraft types required but generally the contracts are very lucrative to the airlines. Because they are so lucrative the airlines will do just about whatever it takes to appease the customers which means operating when and where the customer asks.
The complication of that is that an airline (inherently used to high utlisiation on scheduled routes) invariably needs a larger number of airframes that will see lower overall utilisation (for some reason the shift changes at nearly every mine site seem to occur at the same time). As a result, largish fleets of older less efficent types have a niche - and what easier way to get hold of lucrative contracts and cheap older aircraft than to buy up the operators of them as Qantas and Virgin have done over the last several years.
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Old 3rd Jul 2020, 04:12
  #551 (permalink)  
 
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Originally Posted by industry insider View Post
I am not sure if the inner workings of Voluntary Administration versus US style Chapter 11, but under Chapter 11, equipment can be handed back to lessors on an "as is where is" basis. I have seen aircraft returned to lessors which are no longer airworthy due to expired scheduled maintenance. The lessor has been responsible for conducting outstanding maintenance and flying the aircraft back to the chosen parking destination.
The mysterious Chapter 11.It's a lawyer's lollypop. As a kid in the 70s I remember airlines in the US could fly for years in Chapter 11, and it's also a mechanism to be merged.
For instance, American Airlines today is a result of combining, Trans Caribbean,Air California,Eastern,Reno Air,Ozark/TWA,US Airways.
Same story for Delta and United which are a result of 5 or 6 smaller airlines. I think the only airline that didn't merge was poor old Braniff.
The only ones I can think of downunder :
ANA & Ansett forming Ansett-ANA
TAA/Australian merged into Qantas
Eastern/Sunstate/Southern forming Qantaslink throw in Impulse.
Where am I going with this. Well surprisingly with most airlines on the brink the word merger has not popped up.
Everyone is fighting to keep their name alive.


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Old 3rd Jul 2020, 04:22
  #552 (permalink)  
 
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Originally Posted by Servo View Post
The Independent Australia article is satire. Like the Onion. No tinfoil needed.
From Independent Australia's About Us:
Independent Australia is a progressive journal. Our main editorial focus is on federal politics, democracy, the environment, human rights, Australian identity, Indigenous issues, economics, finance, health, law and the justice system.

Established in June 2010, IA supports quality investigative journalism, as well as citizen journalism and a diversity of voices. We believe Australians are short-changed by the mass media — and so this publication is dedicated to seeking out the truth and informing the public.

Independent Australia believes in a fully and truly independent Australia — a nation that determines its own future, a nation that protects its citizens and its environment. A land that is fair and free.

IA supports independent, non-partisan politics and as a matter of editorial policy, we ensure that our editors are not members of any political party.
Seriously? Does that sound like The Onion to you?

The Onion runs obvious parodies like 'Study Finds It Would Be Extremely Satisfying To Have Intercourse With An A-List Celebrity' ; IA runs stories like 'Vaping 'victory' is far from a win, just another LNP con'

Klan has been banging on about Virgin's sponsorship of a CCP foothold in regional GA for years now.

Last edited by MickG0105; 3rd Jul 2020 at 04:23. Reason: Formatting
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Old 3rd Jul 2020, 04:45
  #553 (permalink)  
-41
 
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Originally Posted by Tommy Bahama View Post
A smart comment for simply posting a link. Perhaps your time would be better spent reading the comments on workplace.
Hello everyone!

But..... like, OMG how dare you, like, Workplace is such virtuous, safe place for gender equality, management propaganda, rainbows and lets not forget the all important pictures of lovely puppy's in the office.

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Old 3rd Jul 2020, 04:50
  #554 (permalink)  
 
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Let’s see if Workplace remains the land of Unicorns and Fairies once the Redundancies start getting announced😳
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Old 3rd Jul 2020, 04:56
  #555 (permalink)  
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Does anyone think they will acknowledge the looming 1000's of sackings prior to August 21st?
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Old 3rd Jul 2020, 04:57
  #556 (permalink)  
 
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Originally Posted by slice View Post
Letís see if Workplace remains the land of Unicorns and Fairies once the Redundancies start getting announced😳
This. Will be VERY interesting. I am sure the IT department will be instructed to remove all privileges VERY quickly, when someone is made redundant.
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Old 3rd Jul 2020, 04:59
  #557 (permalink)  
 
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Originally Posted by MickG0105 View Post
From Independent Australia's About Us:

Seriously? Does that sound like The Onion to you?

The Onion runs obvious parodies like 'Study Finds It Would Be Extremely Satisfying To Have Intercourse With An A-List Celebrity' ; IA runs stories like 'Vaping 'victory' is far from a win, just another LNP con'

Klan has been banging on about Virgin's sponsorship of a CCP foothold in regional GA for years now.
Wow. There you go. Conceded. Very interesting article then. *Scratches head. Not too sure what to think of it now.
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Old 3rd Jul 2020, 05:16
  #558 (permalink)  
 
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Now theyíve taken control of the finances, whatís the likelihood of the creditors voting down the offer next month? They must be fairly confident itís going to get get over the line to come this far.
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Old 3rd Jul 2020, 05:17
  #559 (permalink)  
 
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Originally Posted by Servo View Post
Wow. There you go. Conceded. Very interesting article then. *Scratches head. Not too sure what to think of it now.
Apart from having quite a few "facts" completely wrong in that article, I don't see how virgin's plans to build the school were secret. Infact Mr me too JB was sprouting it in the media far and wide that they were going to build a pilot school after Qantas announced theirs.
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Old 3rd Jul 2020, 05:23
  #560 (permalink)  
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Originally Posted by Servo View Post
This. Will be VERY interesting. I am sure the IT department will be instructed to remove all privileges VERY quickly, when someone is made redundant.
Did it with the TT guys during a PS live stream - shortly after they asked TT redundancy questions their Accounts deactivated prior to their terminations.
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