20 buyers now circling Virgin Australia
I’d be returning the favour by availing myself of a seat on the company photocopier. Of all the low, craven acts of narcissism we all have had to endure these past few years this one is the most despicable. I never liked Branson, but will now have to dial that up to visceral hatred.
The worst part about the photo idea, is that the person that came up with the idea, the exec that signed off on it and then the CEO and Branson are all still getting a fortune in pay. I just dont think it is very tasteful. Obviously not it's intent, but seriously what a silly parting gift.
Branson must really have a high opinion of himself if he thinks people who just lost their livelihood would be cheered and deeply treasure a picture personally signed in half a second by someone as esteemed as himself.....
short flights long nights
Serious question. Anyone know yet how many flight crew might lose their jobs?
My thoughts to all.
My thoughts to all.
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https://theconversation.com/cutbacks...e-bleak-141876
It eschews what Sunfish has been saying, as well as what I have been expecting.
It eschews what Sunfish has been saying, as well as what I have been expecting.
Even before the impact of the COVID-19 pandemic, Virgin had posted years of losses with debts approaching A$7 billion.Private equity owners have a poor track record in creating strong, sustainable companies with long-term prospects. At their worst they can act a bit like used-car salesmen who know how to tart up and turn a profit on a vehicle with underlying mechanical problems.
o Securing approximately 6,000 jobs when the market recovers with 3,000 roles impacted.......
rgds/the Best
S28- BE
Last edited by Section28- BE; 5th Aug 2020 at 12:22. Reason: Manners/etc.....
Think about 340 B777 and A330 crew and something like 60 ATR. So ~400 redundant. That leaves something in the order of approx 880 B737 and 120 VARA crew at a guess. Someone correct me if they have accurate numbers. Just over 400 went from Tiger and VAINZ.😔
Demand for domestic and short haul international travel is likely to take at least three years to return to pre-COVID-19 levels, with the real chance it could be longer ...
Any hopes that voluntary administration might have cured Scurrah of his spiv-like, walk both sides of the street BS evaporated with yesterday's press conference. If he's still CEO come Christmas, I'll be surprised.
The ASX statement was motherhood - technically it is full of nominative - words that can mean anything in the mind of the reader.
This is not criticism. It is difficult to understand what else you could write in the current situation. There is too much uncertainty.
The thing at the moment is to pull off a creditors meeting and approval of a DOCA. I guess you would want to keep the staff hanging on until then or the business implodes. You need a core of people who know what they are doing to run the airline.
I would imagine creditors like Western Union, who lease engines, would be being sounded out on renegotiating the leases at a very reduced rate, as would the rest of the lessors.
From reading a few lines of the court documents, this is a lawyers feast.
This is not criticism. It is difficult to understand what else you could write in the current situation. There is too much uncertainty.
The thing at the moment is to pull off a creditors meeting and approval of a DOCA. I guess you would want to keep the staff hanging on until then or the business implodes. You need a core of people who know what they are doing to run the airline.
I would imagine creditors like Western Union, who lease engines, would be being sounded out on renegotiating the leases at a very reduced rate, as would the rest of the lessors.
From reading a few lines of the court documents, this is a lawyers feast.