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20 buyers now circling Virgin Australia

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20 buyers now circling Virgin Australia

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Old 30th Jul 2020, 07:01
  #641 (permalink)  
 
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Originally Posted by MelbourneFlyer
Jayne Hrdlicka isn't letting the grass grow under her feet while she waits for Bain to officially take over Virgin Australia and appoint her as either Chairwoman or a Board director, Hawaiian revealed today that she has been appointed to the board of Hawaiian Airlines. https://www.nzherald.co.nz/business/...ectid=12351852
Phew........That’s a relief!
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Old 30th Jul 2020, 21:00
  #642 (permalink)  
 
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So much for the avirgin sale to Bain being a done deal. Reading those legal documents makes your eyes water.
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Old 31st Jul 2020, 07:54
  #643 (permalink)  
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Yes, mine too Sunny. I can't find where it says I'll get AUD 2.90 per share after the sale!!!
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Old 31st Jul 2020, 08:27
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Originally Posted by MelbourneFlyer
Jayne Hrdlicka isn't letting the grass grow under her feet while she waits for Bain to officially take over Virgin Australia and appoint her as either Chairwoman or a Board director, Hawaiian revealed today that she has been appointed to the board of Hawaiian Airlines. https://www.nzherald.co.nz/business/...ectid=12351852
Don't be so sure!

When she was head of Jetstar she was still a Board Member of Woolworths for the duration. I don't know how you can do both considering the size of both companies, plus she had other board roles as well as those two.

Common trait among many execs. Board roles are great retirement funds.
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Old 31st Jul 2020, 08:31
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But only between the hours of 9 to 5.
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Old 31st Jul 2020, 09:24
  #646 (permalink)  
 
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When she was head of Jetstar she was still a Board Member of Woolworths for the duration. I don't know how you can do both considering the size of both companies, plus she had other board roles as well as those two.
Easy. Just do a half-arsed job!
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Old 31st Jul 2020, 09:39
  #647 (permalink)  
 
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Now that QLD has closed to Sydney for an undetermined time. How does that affect Bains forecast modeling on expenses on this purchase. Do they cut and run or proceed knowing that their own pocket will be responsible for X amount of cash!
Bain have deep pockets but they also are involved in a lot of other ventures where is the line drawn.
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Old 31st Jul 2020, 11:33
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Originally Posted by Ragnor
Now that QLD has closed to Sydney for an undetermined time. How does that affect Bains forecast modeling on expenses on this purchase. Do they cut and run or proceed knowing that their own pocket will be responsible for X amount of cash!
Bain have deep pockets but they also are involved in a lot of other ventures where is the line drawn.
Ripper question Mr Ragnor!!!!!- Now, that 'we' have observed the Systemic Culture of Australian's- ref; the YSL Handbag crew....

WW2 would, Not take long today...

Good Weekend & rgds
S28- BE
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Old 31st Jul 2020, 13:41
  #649 (permalink)  
 
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Originally Posted by Ragnor
Now that QLD has closed to Sydney for an undetermined time. How does that affect Bains forecast modeling on expenses on this purchase. Do they cut and run or proceed knowing that their own pocket will be responsible for X amount of cash!
Bain have deep pockets but they also are involved in a lot of other ventures where is the line drawn.
Do you think that Virgin were making anything on their Sydney to Queensland services over the past few weeks? It would be interesting to know what the load factors were like and which flights were being covered under the Minimum Domestic Network support program and which ones Virgin were flying off their own bat.

If they were running those flights at a profit, it wouldn't have been much I wouldn't have thought. And if they weren't making anything on them, then shutting the services down works in their favour.
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Old 31st Jul 2020, 21:03
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Originally Posted by MickG0105
Do you think that Virgin were making anything on their Sydney to Queensland services over the past few weeks? It would be interesting to know what the load factors were like and which flights were being covered under the Minimum Domestic Network support program and which ones Virgin were flying off their own bat.

If they were running those flights at a profit, it wouldn't have been much I wouldn't have thought. And if they weren't making anything on them, then shutting the services down works in their favour.
Why wouldn't they make anything on the Sydney QLD routes? From what I seen demand was high even the passengers I spoke to said they wanted to travel further within Australia.

Be interesting how Bain react to the closure of QLD is all my point was. how much are they prepared to loose given the state of Australia and world economy.
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Old 31st Jul 2020, 23:41
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Originally Posted by Ragnor
Why wouldn't they make anything on the Sydney QLD routes?
Any of the usual reasons (in this case load factors - I have no idea what these have been running at in aggregate - and revenue management - the discounted fares offered as part of the Come Back ticket sales promotions wouldn't have helped) plus the added issue of dealing with travel credit redemptions.
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Old 1st Aug 2020, 00:30
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The Australian had an article a few days ago saying the expectation was that Bain would continue with the purchase but that their size would be significantly less than the 40 737’s touted.

ive also heard speculation that Clive will win his case, and the borders will be reopened. This was from multiple independent sources, all in the legal world. I can’t comment on the accuracy.

FFS, either manage the cases as they arise or go for eradication. Stop f@&king us around you dumbass premiers. A national approach is needed. This is all just political bull****. (The borders, not the virus!)
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Old 1st Aug 2020, 00:46
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I couldn’t agree more. Just lock it down again enforce the law be stricter than April/May and be done with it. The current way will lead a slow death to all industry not just aviation.


Well I hope Clive wins, that will set the precedent for the other states won’t it?
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Old 1st Aug 2020, 02:14
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Originally Posted by Ragnor
Well I hope Clive wins, that will set the precedent for the other states won’t it?
It depends on the ruling but probably not.

There are two issues for the Federal Court to consider in Clive's (and the Commonwealth's) action against the WA government;
  1. Can the states exercise border control in the pursuit of managing public health ostensibly contrary to the intent of s 92?
  2. If yes, is the states' right to do so absolute or must it be subject to some form of reasonableness test?

It's widely accepted that the states can exercise border control in the pursuit of managing public health and other matters such as agricultural protection and quarantine so the matter will likely turn on the issue of reasonableness, that is, should Western Australia be allowed to impose a total border closure when that includes restricting travel from Tasmania and South Australia, states with very low new case counts. That's a bit of a slippery slope issue for a court and might likely come down to dualing public health experts. One way or another the matter will end up in the High Court so don't expect it to be resolved conclusively by the Federal Court next week.

The reason that any decision is unlikely to impact other states, say Queensland, is that if the ruling is based on reasonableness Queensland can probably demonstrate that they have been reasonable in their approach; they re-opened and then only re-imposed restrictions selectively based on point of origin new case data.
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Old 1st Aug 2020, 04:33
  #655 (permalink)  

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Originally Posted by goodonyamate
Stop f@&king us around you dumbass premiers. A national approach is needed. This is all just political bull****. (The borders, not the virus!)
Indeed, but it does go to the heart of the Commonwealth, in that it is a Federation brought about by the States themselves. I was always quite happy with the status quo until recent events.

It was annoying to watch people with no actual knowledge of responsibility, putting the blame at ScoMo's feet for the Bushfires. It's also not a Federal matter in a pandemic, but Aged Care is of course. If this was to become the catalyst for change in these matters, then I'd have no issue at all. It's just a matter of getting all those 'dumbass' Premiers to agree to the relinquishment of their States power. At the end of the day, when push comes to shove, the States have acted like independent Nations so our Island status has been muted somewhat.

When QEII departs & there's a solid push for a Republic...again...then perhaps that'll be the time to make a few other changes. Bottom line, get your kids into Law because this is gonna be a cash cow for decades!
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Old 1st Aug 2020, 10:59
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Originally Posted by goodonyamate
The Australian had an article a few days ago saying the expectation was that Bain would continue with the purchase but that their size would be significantly less than the 40 737’s touted.
Link please?
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Old 2nd Aug 2020, 01:00
  #657 (permalink)  
 
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"When QEII departs & there's a solid push for a Republic...again...then perhaps that'll be the time to make a few other changes. Bottom line, get your kids into Law because this is gonna be a cash cow for decades!"
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I can't agree more regards the Republic debate, but I don't agree with your defence of SmugMug in regards the bushfires. he ignored experts and we lost countless precious tracts of National Forests.Having said that I don't envy his job at the moment, I liken it to herding cats.
One thing is for sure when this pandemic is all over there will be a lot to look at, but we digress this is meant to be a thread on Virgin.
Unless the borders can be opened up soon without serious help from the government Virgin and indeed Qantas are in deep doo doo.
Wouldn't a vaccine be nice, and people acting responsibly too...........
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Old 2nd Aug 2020, 06:09
  #658 (permalink)  

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Originally Posted by Cravenmorehead
but I don't agree with your defence of SmugMug in regards the bushfires. he ignored experts and we lost countless precious tracts of National Forests..
Did you not know that Bushfires are a State jurisdiction? Happy to concede that his holiday & tour of communities was poor, but the responsibility of the Federal Govt. is support only. This, of course, is what lead to the point I was making, that a constitutional change could incorporate the expectations of the community rather than just a change to the Head of State.

*Sorry. Epic thread drift here...
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Old 2nd Aug 2020, 08:05
  #659 (permalink)  
 
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Originally Posted by MickG0105
It depends on the ruling but probably not.

There are two issues for the Federal Court to consider in Clive's (and the Commonwealth's) action against the WA government;
  1. Can the states exercise border control in the pursuit of managing public health ostensibly contrary to the intent of s 92?
  2. If yes, is the states' right to do so absolute or must it be subject to some form of reasonableness test?

It's widely accepted that the states can exercise border control in the pursuit of managing public health and other matters such as agricultural protection and quarantine so the matter will likely turn on the issue of reasonableness, that is, should Western Australia be allowed to impose a total border closure when that includes restricting travel from Tasmania and South Australia, states with very low new case counts. That's a bit of a slippery slope issue for a court and might likely come down to dualing public health experts. One way or another the matter will end up in the High Court so don't expect it to be resolved conclusively by the Federal Court next week.

The reason that any decision is unlikely to impact other states, say Queensland, is that if the ruling is based on reasonableness Queensland can probably demonstrate that they have been reasonable in their approach; they re-opened and then only re-imposed restrictions selectively based on point of origin new case data.
Clive is wasting his time. Even if he wins, they will have a Plan B so the restrictions will effectively remain in force.

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Old 2nd Aug 2020, 08:07
  #660 (permalink)  
 
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The Australian had an article a few days ago saying the expectation was that Bain would continue with the purchase but that their size would be significantly less than the 40 737’s touted
I was under the impression that the size of the "remade" VA was going to be about 70 B737.

Where does the 40 come from, or is this a revised number ??

Would really be interested to see the Australian article that said all this.
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