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20 buyers now circling Virgin Australia

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20 buyers now circling Virgin Australia

Old 5th May 2020, 06:58
  #81 (permalink)  
 
Join Date: Jan 2008
Location: Fieldsworthy
Posts: 82
Originally Posted by Lookleft View Post
His constant references to his overseas travel?
His bizarre ideas to blackmail political candidates to support GA?
His constant references to himself when topics are about you know, actual flying?
His constant references to people he knows that give him "special insight" into government, politics and business?
His pathological hatred of all things Qantas?
His pathological hatred of all things CASA and ATSB?

Or to put that another way, no one was interested in being subservient to his narcissistic postings so he has stormed off in a huff.
You forgot to mention hatred of Sydney.

Announcing your own departure from here is akin to a cry for help and the rest are supposed to coax the departee back with begging and pleading. It doesn't matter if you're happy or sad to see him go because in a little while he'll be forgotten just like so many others who come and go.

Personally I thought his posts added to the average level of intelligence found here and I often copied his style when ranting on the brain surgeons' rumour network about how things should be.
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Old 5th May 2020, 08:31
  #82 (permalink)  
 
Join Date: Feb 2020
Location: Houston
Posts: 185
He's a keen sailor, He's probably like a lot of us, love Sydney, but hate the absolute joke of an airport and anything associated with it.
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Old 5th May 2020, 08:55
  #83 (permalink)  
rmm
 
Join Date: May 2002
Location: BNE
Posts: 248
It's straying from the topic but he's been checking in quite regularly. You only have to look at his public profile.
This may change now as he's been outed.
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Old 5th May 2020, 09:04
  #84 (permalink)  
 
Join Date: Oct 2005
Location: Fliegensville, Gold Coast Australia
Posts: 0
H's been outed??
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Old 5th May 2020, 09:11
  #85 (permalink)  
 
Join Date: Feb 2020
Location: Houston
Posts: 185
It's straying from the topic but he's been checking in quite regularly. You only have to look at his public profile.
This may change now as he's been outed.
So you check to see if he's checking in? Why?
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Old 5th May 2020, 09:39
  #86 (permalink)  
rmm
 
Join Date: May 2002
Location: BNE
Posts: 248
So you check to see if he's checking in? Why?
Purely & simply to see if he lived up too his word.
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Old 5th May 2020, 12:03
  #87 (permalink)  
 
Join Date: Dec 2006
Location: australia
Posts: 662
So are there still 20 tyrekickers (sorry, interested parties) circling VA?
Administrator's gotta say what he administrators gotta say, bit like a house auction where bids are submitted by persons only seen by the auctioneer in the far, far distance.

More questionable financials will be discovered to a point where VA becomes untouchable. Receivership.
Individual assets may then be released (primarily from an operational perspective Tiger AOC and VARA) who can regenerate as new entities and operate, grow and employ as they see fit.
If nothing else might minimise the VA Village mentality that has proven so....interesting.

Hopefully I'm wrong, IF some consortium comes along learn from the AN experience: if it contains a component of airline experience then there's a chance SOMETHING of an airline may be possible.
IF the consortium has NO component of airline experience they will just be there to rape and pillage and turn a profit by doing so. Refer Lew and Fox and AN2, couldn't run far or fast enough after stamping their little feet.

Macquarie might invest in infrastructure but they would NEVER invest in an airline; they may be brutal but they are in any game to make money, airlines (generally) do not. However if they can rip it apart.....

Twiggy? Buy the VARA component, run primarily as a closed airline, charge a sh*tload of $$ for seats charged to the mining ops, "airline" makes money, costs used as tax losses for the mining ops and guaranteed FIFO.

Alliance? Someone slides up and suggests an investment for expansion hope they'd say "yeah, maybe....but run the alliance way and no VA Village idiots", now THAT could be viable.

Cheers.

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Old 5th May 2020, 12:20
  #88 (permalink)  
 
Join Date: Feb 2020
Location: Houston
Posts: 185
They may be brutal but they are in any game to make money
What I have noticed and experienced from this time is that there are a bunch of financial institutions being pragmatic about this mess. I know of Macquarie being extremely accomodating with obligations. Maybe they're thinking: it's better to delay receiving payment and getting it in full, rather than repossessing an object, trying to re-sell in a non-existent market and getting sweet [email protected] all? On a bigger scale, are lessors thinking this way? Dunno.

I've been extremely impressed with a number of organisations (big ones) and the relief they're providing. I've benefitted in a number of ways, I'll remember who's provided it and who hasn't. I'm sure business will be doing the same. This is a big time for reputations to be made and destroyed. Perth Airport comes to mind, what an embarrassment. I'm sure that when things are back on track and money's being made, the airlines will unite against these arse-clowns, it's started already. How are Sydney and Melbourne airports behaving? It'll be interesting.
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Old 6th May 2020, 02:58
  #89 (permalink)  
 
Join Date: Jul 2007
Location: BAO
Posts: 297
Virgin Australia says it could triple its earnings post coronavirus

"triple its earnings to $5B....."
ex Sky News link here: https://www.skynews.com.au/details/_6154160259001

Rgds
S28- BE
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Old 6th May 2020, 05:11
  #90 (permalink)  
 
Join Date: Jul 2008
Location: Skating away on the thin ice of a new day.
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Revenue, earnings, turnover whatever...... how about a profit.
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Old 6th May 2020, 05:40
  #91 (permalink)  
 
Join Date: Aug 2019
Location: Straya
Posts: 38
Poor sunfish. He was destined to unravel the moment the injustice of the transgender lobby and feminists stopping schoolboys taking rifles on trams was perpetrated. Get well soon champ.

he seems a smart dude. I never agree with a word he says but the forum is a better place with him here.
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Old 6th May 2020, 06:46
  #92 (permalink)  
 
Join Date: Feb 2020
Location: Houston
Posts: 185
I never agree with a word he says but the forum is a better place with him here.
Never? Not even once?
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Old 6th May 2020, 07:08
  #93 (permalink)  
Whispering "T" Jet
 
Join Date: Jun 2001
Location: Melbourne.
Age: 64
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Being a cricket tragic, I would have liked to see Sunfish get those last two runs before retiring. 8000 looks better in the Cricketer's Almanac than 7998 but then again, he had a wicked sense of humour!
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Old 6th May 2020, 09:07
  #94 (permalink)  
 
Join Date: Jan 2010
Location: Hong kong
Posts: 3
Taking a cold hard look from a distance at VA as a business it seems to me that the 20 potential buyers eagerly circling this sought after prize asset are largely little more than administrators hype unless of course the creditors are prepared to largely write off the A$7 billion of debt.

Otherwise why would anyone believe that this is anything other than a dead dog of a business that has lost huge amounts of shareholders cash.

What is actually worth investing in ?

Some aircraft – no shortage of those at knock down prices.

Experienced management – plenty of those about who are almost certainly going to be better trained and more productive than the present mob.

Infrastructure - nothing there that is not easily replaceable and in the right location.

Customer base -fickle at best.

Brand – tarnished

Pilots – unfortunately no shortage of available experienced crew



The real value is perhaps only the possibility of profit to be made and value to be built at some time in the fairly distant future.

Any interested investor is almost certainly going to be a cashed up existing large operator with deep pockets and a strong supportive shareholder base looking for a long term strategic investment.

Are there any of those about at the moment ?

If not I rather suspect that Virgin Australia is in all likelihood unfortuantly another failed dead airline.
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Old 6th May 2020, 09:08
  #95 (permalink)  
 
Join Date: Aug 2019
Location: Straya
Posts: 38
Originally Posted by Hoosten View Post

Never? Not even once?


Poetic licence dictates I have to take a binary position: either I’m all in, or I’m all out.
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Old 6th May 2020, 09:45
  #96 (permalink)  
 
Join Date: Feb 2020
Location: Houston
Posts: 185
Sorry about the late reply, I had to google that then understand it ;-)
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Old 6th May 2020, 09:47
  #97 (permalink)  
 
Join Date: May 2013
Location: Mostly here, sometimes over there...
Posts: 221
Hey Galdian
Nice to see you here, though there's not much happening at the mo'
How's it all going?
Hope you're doing ok
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Old 6th May 2020, 11:04
  #98 (permalink)  
 
Join Date: Jul 2007
Location: BAO
Posts: 297
Deloitte/Virgin- "Committee of inspection"

This maybe, relevant to all- that ARE 'In' it-

"the Administrators’ Proposed COI comprising 35 members representative of all categories of creditors."
Link to the 'said' proposed COI group/statement here: https://www2.deloitte.com/content/da...ors-050520.pdf

Rgds
S28- BE


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Old 6th May 2020, 12:01
  #99 (permalink)  
 
Join Date: Dec 2006
Location: australia
Posts: 662
Greetings Buttscratcher

Enforced retirement for now (probably permanent, time will tell) due the MAX screwup but that leads into the CV situation.
Get to do stuff on the property to fill in time so better off than some.
Occasionally knock off some bunnies, very satisfying after you've assigned them some nemesis from the past!

Amazing how the pilot landscape's changed so violently in such a short time, started with the MAX courtesy Boeing and CV19 just keeps the fun rolling along.
Hope all OK for you and family.
Cheers
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Old 6th May 2020, 12:43
  #100 (permalink)  
 
Join Date: Sep 2018
Location: Melbourne
Posts: 678
"IF" VA comes back under some sort of guise they will come back in a very fragile market! The whole country has been decimated on so many fronts (forget the world) so yield will be low at least in the foreseeable future.
To make any attempt work the new "Co" will have to be a very lean operation. Now what can be cut!
Leasing? Hardly!
Maint? Nope!
Fuel? They wish!
Airways charges? Hardly!
Airport leases and associated costs? In yr dreams!
CREW/personel? Exactly!
The hunan element is the only area that can be squeezed & they will come flocking!
Interesting times ahead! If the flying game returns anywhere near pre the CV BS then it won't return for everyone!
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