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Virgin headed for another disaster, says REX chairman

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Virgin headed for another disaster, says REX chairman

Old 13th May 2020, 12:54
  #161 (permalink)  
 
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Can't be OZ, I believe in everything the government tells me
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Old 13th May 2020, 23:27
  #162 (permalink)  
 
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Three frontrunners emerge in the race to buy Virgin Australia

Ex 'the NEWDAILY' (Updated: 27m ago) link here: https://thenewdaily.com.au/finance/f...gin-australia/

Extract/qoute here:
"Three frontrunners have emerged in the race to buy Virgin Australia.

Before Friday’s deadline for non-binding initial offers, investment firms Brookfield, BGH Capital and Bain Capital have emerged as the favourite parties to lead consortiums that buy the beleaguered airline.

The Australian Financial Review said there was an outside chance that iron ore magnate Andrew ‘Twiggy’ Forrest, or the state governments of Victoria, New South Wales and Queensland could lead a potential fourth group of bidders.

And the Queensland government has since announced plans to bid for the airline, with new state Treasurer Cameron Dick describing the government as “a serious contender” that had made good progress in discussions with the administrators.

Sources close to the bidding process told the AFR the fourth contender would join forces with one of the other consortiums if its bid fell through, with the “serious number crunching and bidding” expected to get under way next week," ......................................
Rgds
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Old 14th May 2020, 02:52
  #163 (permalink)  
 
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Originally Posted by BNEA320 View Post
latest news - qld govt to bid on VA
They should just stick to their area of expertise, like stuffing up the rail network.
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Old 14th May 2020, 03:02
  #164 (permalink)  
 
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And the Queensland government has since announced plans to bid for the airline, with new state Treasurer Cameron Dick describing the government as ďa serious contenderĒ that had made good progress in discussions with the administrators.
oh the unions would be rubbing their hands together about this one, just imagine it being government owned and with the Labor party in power!! Industrial action for all and we could even implement traffic controllers (Lolly pop people) on each bay being paid 100k a year, add a few more WHS Officers aswell union mandated of course! Sounds like a recipe for future success!!!! Or for nothing to change...

I honestly believe this would be the worst outcome if Virgin are to succeed long term..

Bain and Co and the private equity mobs might make some tough decisions and right sizing initially but I think with their intense focus on cost and turnarounds at least it will keep the airline going for a long time even if they do sell it off a few years later they will have built a sustainable foundation.
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Old 14th May 2020, 03:10
  #165 (permalink)  
 
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They should just stick to their area of expertise, like stuffing up the rail network.
Paul Scurrah might be in the job market soon
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Old 14th May 2020, 10:02
  #166 (permalink)  
 
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Bain and Co and the private equity mobs might make some tough decisions and right sizing initially but I think with their intense focus on cost and turnarounds at least it will keep the airline going for a long time even if they do sell it off a few years later they will have built a sustainable foundation.
Yeah, right! With Jayne Hardlicker only working 9 till 3 so she can pick up the kids!!!
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Old 14th May 2020, 10:19
  #167 (permalink)  
 
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Costs and turnarounds won't involve Hrdlicka - her track record at Jetstar and A2 were not exactly stellar.
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Old 14th May 2020, 11:08
  #168 (permalink)  
 
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Originally Posted by Dale Hardale View Post
Paul Scurrah might be in the job market soon
Hmmmmm

Yes, gotya thinking there Mr 'Hardale'.............

However, 'apparently' the 'said' individual to/of which you refer/speak- does have inter-modal experience, with Parallel Rails ..............., and is multi-task/discipline capable/valuable- Apparently....????

Anyhoo- let us see, what tomorrow may bring.... and how it all unfolds/the chips fall ????

Rgds
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Old 15th May 2020, 02:31
  #169 (permalink)  
 
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I hope the managers and safety department donít get ahold of todayís Australian newspaper, multiple photos of a First Officer conducting a walk around not complying with A1 manual and uniform policy.
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Old 15th May 2020, 03:01
  #170 (permalink)  
 
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Originally Posted by SHVC View Post
I hope the managers and safety department donít get ahold of todayís Australian newspaper, multiple photos of a First Officer conducting a walk around not complying with A1 manual and uniform policy.
Arenít the safety department too busy wandering around the Village halls chatting to one another, having 2 hour coffee breaks, then repeat and recycle the process. VA 2 should get rid of the old and bring in the new. A few Muppets in that department that have been there far too long.
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Old 16th May 2020, 11:54
  #171 (permalink)  
 
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It is not the Pilot or Cabin Crew costs that are much difference between QF and VA it s the ground crew where there is a big difference. QF ground crew are mainly employed under the QGS rates which are lower than VA, There are 5 ports that are VA staffed and cost substantially more per person than he contracted ports. That is where any new owner will make labour cost changes plus there will be a lot less than before the virus. Most are saying half at best will return.
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Old 16th May 2020, 14:28
  #172 (permalink)  
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So we are now suggesting that the ground crew should join the race to the bottom ? The whole industry is a mess .

It has to return to a position where going flying costs MORE than a Uber to the airport.

It has to return to a place where we donít see ĎAviation Guruí GT saying .... this xxxxxx will result in lower airfares..

The race to the bottom HAS to stop ..

An Airline should be a a complete thing.. from check in to catering to engernering .. to pilots and cabin crew..


They should all be employed by the Airline the work for at proper wages.

Rant over
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Old 16th May 2020, 23:27
  #173 (permalink)  
 
Join Date: Jan 2004
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Everyone will be taking haircuts in the post COVID world not just the Pilots or the Ground Crew. 20% less activity will mean that most businesses will be loss makers unless they can cut their costs by at least 30%. You may not see it in the cost of your latte but that is the way it will go in most industries particularly Tourism and support industries. Rolls Royce is having nightmares as the smarter ones in their 1,000 customers want a 20% cut to the TCA costs of their engines on A330's and A350's (not to mention the untimely end to the A380 and their engines on it) causing them to be instantly in a loss making position. There will be a lot of jobs going in Airbus, Boeing, GE and Rolls over the next few months. Race to the Bottom. Nope it is going to be who survives through this one and the recessions that are occurring around the world. Proper wages are a matter of relevance in the market. There will be many unemployed experienced Airline Pilots in the Asia Pacific area for the next few years. The employed ones will be the lucky ones.
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Old 17th May 2020, 02:28
  #174 (permalink)  
 
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An Airline should be a a complete thing.. from check in to catering to engernering .. to pilots and cabin crew..
In a perfect world I agree. It would make for a much better airline. However if that were to happen you would just be held hostage by all the service unions and there is nothing you can do about it. You can't fire them. You have to either endure strikes and shutdown your entire airline or negotiate higher wages. Problem with paying high wages for low skilled jobs is that all the licensed and skilled labour looks at what the non skilled labour gets and starts wondering why they are getting ripped off. Basically this is what happened to Australian manufacturing and is still happening in rural areas with manufacturing and processing. Plants are still being shutdown because the costs are to high.
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Old 18th May 2020, 00:08
  #175 (permalink)  
 
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So we are now suggesting that the ground crew should join the race to the bottom ? The whole industry is a mess .

It has to return to a position where going flying costs MORE than a Uber to the airport.

It has to return to a place where we donít see ĎAviation Guruí GT saying .... this xxxxxx will result in lower airfares..
This is the only sensible post here.. except for mine of course
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