20 buyers now circling Virgin Australia
The issue is with companies 100% owned by a foreign government. Dnata's ownership can ultimately be traced back, through Emirates, to the UAE government.
Yigy2, remember I said these deals are characterised by a “flowers and chocolates”start and a “divorce court” end. Bain already know what their exit strategy is. They won’t tell you or anyone else. That’s the divorce court end. Mr. Murphy, God bless him Yigy, is giving you the “flowers and chocolates” front end, that is exactly what that article depicts.
Lets hope I’m wrong again, but I have bitter experience of the behaviour of VC’S once the ink is dry on the final agreement. It isn’t pretty.
BTW, Bain will have signed a /“heads of agreement “ if the details of what the Administrators have told them aren’t true then no deal.
Lets hope I’m wrong again, but I have bitter experience of the behaviour of VC’S once the ink is dry on the final agreement. It isn’t pretty.
BTW, Bain will have signed a /“heads of agreement “ if the details of what the Administrators have told them aren’t true then no deal.
I fail to see how Bain, however malignant they might be, would be any worse for employees than the liquidation of Virgin. The Enterprise Agreements in place stand legally until renegotiated. The bulk of the Head Office personnel are non EA employees so that might be where some aggressive action is taken early on. Bain will fight hard on those EAs I am sure, but if it is basically just the 737 operation going forward then there isn’t a whole lot of fat to be trimmed. They would have to go head on into T & Cs to get anything significant which they may well do, but if they start with the ‘Jetstar’ approach that’s what they will wind up with.
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... and so on Friday, the choker chain went on Paul from Lady Jayne and he'll now be just the delivery man of the changes. Put those Jocelyn's aside kids, atleast try and look busy this time.
I flew with many, many crew who milked every cent they could and funnily enough are now complaining the loudest about Bain's impending arrival.
Save the company.... Save your job.... Work on the rest later
.......move more towards a productivity based EA
1. Massive reductions in crew overnights,
2. Much more roster and day of operations flexibility with associated reduction in crew numbers required - subject to CASA and FRMS. This on top of a reduction in the numbers of aircraft,
3. Base rationalisation,
4. Reductions in basic salaries, DTA, overtime conditions,
5. Less crewing/operational/administration support.
Bain (Carla) will leave no stone unturned in driving costs down to the lowest possible number. It will be a very different work environment, but you will have a job for the longer term.
All of the above and Cut it to the bone in every area and it might stand a chance. Get rid of staff travel and save on FBT big time, pay Branson a pittance for the name or change it, down grade hotels and use crew buses, no more fancy HQ overheads and operate to the minimum there and make the customers number one and be on=time. Don't get off the script and use the Southwest model of one type and forget flying to USA/Japan, HK etc. Focus, focus focus.... and it all might work
Senior exec pay limited and no fancy bonuses. They need to be on contracts....
Senior exec pay limited and no fancy bonuses. They need to be on contracts....
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All of the above and Cut it to the bone in every area and it might stand a chance. Get rid of staff travel and save on FBT big time, pay Branson a pittance for the name or change it, down grade hotels and use crew buses, no more fancy HQ overheads and operate to the minimum there and make the customers number one and be on=time. Don't get off the script and use the Southwest model of one type and forget flying to USA/Japan, HK etc. Focus, focus focus.... and it all might work
Senior exec pay limited and no fancy bonuses. They need to be on contracts....
Senior exec pay limited and no fancy bonuses. They need to be on contracts....
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Things that will probably change:
1. Massive reductions in crew overnights,
2. Much more roster and day of operations flexibility with associated reduction in crew numbers required - subject to CASA and FRMS. This on top of a reduction in the numbers of aircraft,
3. Base rationalisation,
4. Reductions in basic salaries, DTA, overtime conditions,
5. Less crewing/operational/administration support.
Bain (Carla) will leave no stone unturned in driving costs down to the lowest possible number. It will be a very different work environment, but you will have a job for the longer term.
1. Massive reductions in crew overnights,
2. Much more roster and day of operations flexibility with associated reduction in crew numbers required - subject to CASA and FRMS. This on top of a reduction in the numbers of aircraft,
3. Base rationalisation,
4. Reductions in basic salaries, DTA, overtime conditions,
5. Less crewing/operational/administration support.
Bain (Carla) will leave no stone unturned in driving costs down to the lowest possible number. It will be a very different work environment, but you will have a job for the longer term.
Its manageable, but may require a lowering of expectations regarding these items. We describe it as working for a ‘self service’ airline.
Ask your colleagues at JQ about what it’s like working for there regarding hotel quality, lack of crewing logistics support, EBA conditions... I’d imagine this is the future for Virgin 2.0.
Its manageable, but may require a lowering of expectations regarding these items. We describe it as working for a ‘self service’ airline.
Its manageable, but may require a lowering of expectations regarding these items. We describe it as working for a ‘self service’ airline.
you take what you can get, just remember you are stuck with it.
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Opening an Adelaide base would reduce the overnights considerably. 6am runs out of non Bases won’t be needed if corporate dollars isn’t the number one priority.
Point to Point Flying is probably where this is going. Forget 5 day trips and so on. They will probably tear up crew hotels contracts, they will become so rare that if your stuck overnight it’s the Captains credit card that will be used, and the bill will be scrutinised by finance before being handed onto many mangers desks before reimbursement.
Engineering will probably move with many other functions to Manila. There is going to be a lot of outsourcing and offshoring! Bain will no doubt question why Virgin in house a large chunk of its ground crews. Swissport can do it for half. Contract signed.
Point to Point Flying is probably where this is going. Forget 5 day trips and so on. They will probably tear up crew hotels contracts, they will become so rare that if your stuck overnight it’s the Captains credit card that will be used, and the bill will be scrutinised by finance before being handed onto many mangers desks before reimbursement.
Engineering will probably move with many other functions to Manila. There is going to be a lot of outsourcing and offshoring! Bain will no doubt question why Virgin in house a large chunk of its ground crews. Swissport can do it for half. Contract signed.
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Honest Q: what is the earliest date Bain can actually DO stuff with/to Virgin??
At the moment they can plan, postulate, anticipate, publicise to their hearts content, when is their first day of "Bain/V2" operations??
Cheers
At the moment they can plan, postulate, anticipate, publicise to their hearts content, when is their first day of "Bain/V2" operations??
Cheers
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OK thanks, thought would be sometime after the creditors agree....or not.
From the TESNA/Ansett debacle I'll hold off cracking the champers on V2 until Bain have deposited a non refundable $900M cheque (or similar) to demonstrate honest intent.
Just me and my gentle paranoia!
Cheers
From the TESNA/Ansett debacle I'll hold off cracking the champers on V2 until Bain have deposited a non refundable $900M cheque (or similar) to demonstrate honest intent.
Just me and my gentle paranoia!
Cheers
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OK thanks, thought would be sometime after the creditors agree....or not.
From the TESNA/Ansett debacle I'll hold off cracking the champers on V2 until Bain have deposited a non refundable $900M cheque (or similar) to demonstrate honest intent.
Just me and my gentle paranoia!
Cheers
From the TESNA/Ansett debacle I'll hold off cracking the champers on V2 until Bain have deposited a non refundable $900M cheque (or similar) to demonstrate honest intent.
Just me and my gentle paranoia!
Cheers
Opening an Adelaide base would reduce the overnights considerably. 6am runs out of non Bases won’t be needed if corporate dollars isn’t the number one priority.
Point to Point Flying is probably where this is going. Forget 5 day trips and so on. They will probably tear up crew hotels contracts, they will become so rare that if your stuck overnight it’s the Captains credit card that will be used, and the bill will be scrutinised by finance before being handed onto many mangers desks before reimbursement.
Engineering will probably move with many other functions to Manila. There is going to be a lot of outsourcing and offshoring! Bain will no doubt question why Virgin in house a large chunk of its ground crews. Swissport can do it for half. Contract signed
Point to Point Flying is probably where this is going. Forget 5 day trips and so on. They will probably tear up crew hotels contracts, they will become so rare that if your stuck overnight it’s the Captains credit card that will be used, and the bill will be scrutinised by finance before being handed onto many mangers desks before reimbursement.
Engineering will probably move with many other functions to Manila. There is going to be a lot of outsourcing and offshoring! Bain will no doubt question why Virgin in house a large chunk of its ground crews. Swissport can do it for half. Contract signed