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Virgin Australia bidder Cyrus favours full-service but only B737s

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Virgin Australia bidder Cyrus favours full-service but only B737s

Old 28th May 2020, 02:56
  #21 (permalink)  
 
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Which kinda needs to happen. Why keep the problem? Why keep the same people who made it so complicated, now tasked to simplify things. Righto, that's a recipe for success isn't it....

The same people who sponsored and wasted millions on failed checkin systems
The same people who failed two crew management systems
The same people who introduced 170/190 fleet then removed it, copy paste for ATR & 330.

The systemtic issue with the Business is, its being run by the snag club who have no corporate experience (or tertiary education) and only know how to run a 737 or simple business. So when the complexities came, the vendors came with products, they quickly accepted the inflated price of services they were offering. I feel sorry for the FltDeck if anything. You're the ones who have spent decades and money getting to where you are today, only to find it being truly underestimated by the boys club who only know what they want to know.
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Old 28th May 2020, 03:20
  #22 (permalink)  
 
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Originally Posted by Buster Hyman View Post
I clearly don't know the rules around this but, with that scenario in mind, could a new owner buy the TT AOC & set up, then VA goes into receivership?
You can’t just buy an AOC but you can buy an organisation (read company) holding an AOC but you then have to deal with the Administrators of the company.
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Old 28th May 2020, 03:36
  #23 (permalink)  

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Originally Posted by On eyre View Post
You can’t just buy an AOC but you can buy an organisation (read company) holding an AOC but you then have to deal with the Administrators of the company.
So, if they were going to sell off TT (AOC), it would've had to have been done prior to Administration?
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Old 28th May 2020, 03:55
  #24 (permalink)  
 
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Originally Posted by Ragnor View Post
That might work out alright really. Aviation is not going to be busy until next yr the individual governments are dragging their heals soon no one will have money to travel. New VA in 12 months might work out better because QF and JQ will be in that position this time next yr.
What position is that?
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Old 28th May 2020, 04:54
  #25 (permalink)  
 
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So, if they were going to sell off TT (AOC), it would've had to have been done prior to Administration?
No it could be sold tomorrow if the Administrator so desired. They won't because the last thing they need is more competition.
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Old 28th May 2020, 04:58
  #26 (permalink)  
 
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Originally Posted by neville_nobody View Post
No it could be sold tomorrow if the Administrator so desired. They won't because the last thing they need is more competition.
They'd also be buying TT's 'debts', liabilities and balance sheet with the AOC.

Considering that TT was operating as a separate structure under VAH, the debts that were accumulated in the books under TT will be transferred to the 'new owner' of TT's AOC if an interested party was to 'buy' the TT AOC.
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Old 28th May 2020, 05:17
  #27 (permalink)  
 
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Buying Tiger complete with all its debts and liabilities might just be the simplest and cheapest way to get a ready made airline complete with approved' personnel. crews, infrastructure, aircraft and an exsisting route network.

It would certainly be cheaper and less traumatic than buying Virgin and trying to resurrect and reconfigure what is basically a hollow carcass.

CC

Last edited by Checklist Charlie; 28th May 2020 at 05:18. Reason: .
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Old 28th May 2020, 05:22
  #28 (permalink)  
 
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Buying Tiger complete with all its debts and liabilities might just be the simplest and cheapest way to get a ready made airline complete with approved' personnel. crews, infrastructure, aircraft
There is only one small problem, they made 220 Tiger pilots redundant back in April. I guess they can re-employ them. Then do they use A320 or B737? Which sim centre do they use for re validations etc
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Old 28th May 2020, 07:02
  #29 (permalink)  
 
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There is only one small problem, they made 220 Tiger pilots redundant back in April. I guess they can re-employ them. Then do they use A320 or B737? Which sim centre do they use for re validations etc
If Indigo was involved, which given their previous involvement with setting up Tiger Singapore and penchant for low cost carriers, isn’t beyond the realms of possibility, their 600+ NEOs on order would make that decision a no brainer.
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Old 28th May 2020, 07:31
  #30 (permalink)  
 
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Originally Posted by Icarus2001 View Post
There is only one small problem, they made 220 Tiger pilots redundant back in April. I guess they can re-employ them. Then do they use A320 or B737? Which sim centre do they use for re validations etc
Suprise Suprise. They conveniently got through the new single AOC just before they made the “Difficult Decision” to drop the TT and Vainz guys under the bus. The union guys who are all senior VA were happy to sit back and watch while preserving their own asses
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Old 28th May 2020, 11:05
  #31 (permalink)  

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Originally Posted by neville_nobody View Post
No it could be sold tomorrow if the Administrator so desired. They won't because the last thing they need is more competition.
Thanks. I was trying to understand if they could siphon off TT for a quick sale, regardless of what that would mean long time. Unlikely for sure, but just getting my head around the process.

Originally Posted by 2020Balance View Post
Suprise Suprise. They conveniently got through the new single AOC just before they made the “Difficult Decision” to drop the TT and Vainz guys under the bus. The union guys who are all senior VA were happy to sit back and watch while preserving their own asses
So, it's all moot? The TT AOC was merged was it? (Am I reading that right?)
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Old 28th May 2020, 11:49
  #32 (permalink)  
 
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Originally Posted by Buster Hyman View Post
Thanks. I was trying to understand if they could siphon off TT for a quick sale, regardless of what that would mean long time. Unlikely for sure, but just getting my head around the process.


So, it's all moot? The TT AOC was merged was it? (Am I reading that right?)
Yep. Vaa pilots will now crew any future TT and Vainz flying after Pauly, Stewie and Timmy Vapour threw the guys under the bus


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Old 28th May 2020, 11:54
  #33 (permalink)  
 
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Originally Posted by 2020Balance View Post
Suprise Suprise. They conveniently got through the new single AOC just before they made the “Difficult Decision” to drop the TT and Vainz guys under the bus. The union guys who are all senior VA were happy to sit back and watch while preserving their own asses
Strangely however there is still an AOC for Tiger Airways Australia Pty Limited shown on the CASA website current until 2022 so maybe your surprise might have been premature.
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Old 28th May 2020, 12:41
  #34 (permalink)  
 
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Yes. However Vaa crew can now operate former TT and Vai flying if and when they ever operate again. Primarily the reason why they were all made redundant. Good luck to the few at the top of the GDOJ at the end of the bargain basement process.
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Old 28th May 2020, 14:11
  #35 (permalink)  
 
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Originally Posted by 2020Balance View Post
Yes. However Vaa crew can now operate former TT and Vai flying if and when they ever operate again. Primarily the reason why they were all made redundant. Good luck to the few at the top of the GDOJ at the end of the bargain basement process.
So the AOC’s weren’t merged as you suggested. And if the Tiger Airlines Australia Pty Limited was sold off separately by the administrator, the new owners of that company would probably not be compelled to employ any former TT or VA crew.
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Old 29th May 2020, 02:23
  #36 (permalink)  
 
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If TT was sold off and the TT crew were employed, would transmission of business apply?
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Old 29th May 2020, 02:38
  #37 (permalink)  
 
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It is a moot point, there is no way they would sell off TT and associated AOC as it would then make Virgin totally worthless. The new company would start with far less debt so why would anyone then want to purchase VA.
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Old 29th May 2020, 03:05
  #38 (permalink)  
 
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Out of interest, how much would TT's AOC be worth? Are we talking millions of dollars worth?
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Old 29th May 2020, 03:41
  #39 (permalink)  
 
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Originally Posted by VH DSJ View Post
Out of interest, how much would TT's AOC be worth? Are we talking millions of dollars worth?
I think Virgin picked it up for $1. Must only be worth 50 cents now.
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Old 29th May 2020, 03:52
  #40 (permalink)  
 
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Originally Posted by Climb150 View Post
I think Virgin picked it up for $1. Must only be worth 50 cents now.
They paid a total of $35,000,001 for Tigerair; $35 million for 60 percent back in 2013 and then $1 for the balance the following year.
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