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The future of VARA?

Old 24th Jul 2020, 10:14
  #61 (permalink)  
 
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Originally Posted by ROH111 View Post
They said QF would look different. Never waste a downturn.
Yup.....!!!!

Hmmmm, Paper 'not' worth Much at all...???, aye!!!! (vis Contracts, better put that in.... ), in these times???

Then, 'hence'- Don't, 'Walk and Talk'- you say....???? Apparently, time shall 'tell'......

Trust, 'that' is not too 'obscure'...
rgds all/& be Well
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Old 24th Jul 2020, 11:50
  #62 (permalink)  
 
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Sorry S28, I think your trust is mislaid
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Old 24th Jul 2020, 12:43
  #63 (permalink)  
 
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The biggest tell right now is how vital the rat seems to think the resource sector in WA is. Considering VARA haven't stood down any crew through mexico virus and Network canceled their stand downs just past half way through the process, the east coast offices might be just be seeing the value in their regional jet operations? We might find that these two “poor cousins from the west” have more value than the mainline slug gods have given them credit for, management seems to think so. There might be hope for the VARA mob yet. But history shows, VA doesn't make great decisions so maybe it’ll be all red and blue tails in the west yet, opportunity missed yet again no doubt
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Old 24th Jul 2020, 21:55
  #64 (permalink)  
 
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Considering VARA haven't stood down any crew through mexico virus
Spyderpig - I would be checking your source on that ... then again, makes for a great rumour.
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Old 24th Jul 2020, 22:54
  #65 (permalink)  
 
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Originally Posted by mr flappy View Post
Sorry S28, I think your trust is mislaid
GoodO then, 'Mr Flappy'........

rgds
S28- BE
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Old 25th Jul 2020, 01:52
  #66 (permalink)  
 
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Has Network taken some of the mine destinations in the north west from VARA?
If so, then what will 'Skywest' VARA have left to offer?
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Old 25th Jul 2020, 02:34
  #67 (permalink)  
 
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Some work has gone networks way as it has to vara all three recourse operations are quite busy , vara stand downs are not happening nor alliance , network did but didn’t go for long ,
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Old 28th Jul 2020, 07:50
  #68 (permalink)  
 
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Looks like Bain might want to keep the VARA operation in some form. Must be reasonably profitable for this to be considered given they have previously indicated a "one fleet type" was the way forward.
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Old 28th Jul 2020, 09:27
  #69 (permalink)  
 
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Originally Posted by slice View Post
Looks like Bain might want to keep the VARA operation in some form. Must be reasonably profitable for this to be considered given they have previously indicated a "one fleet type" was the way forward.
Possibly not that profitable given the list of concessions that the VARA Pilot Group are looking at making in the interests of holding on to their positions....
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Old 28th Jul 2020, 09:45
  #70 (permalink)  
 
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Qantas mainline brings 717’s in house.....

Hmmm, NIL editorial...., however:

Shall just, leave this here- Link/Thread: Qantas mainline brings 717’s in house

Be 'Interesting' to watch, play-out......

Be Well/& rgds all
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Old 28th Jul 2020, 09:47
  #71 (permalink)  
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What are the concessions ?
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Old 28th Jul 2020, 10:40
  #72 (permalink)  
 
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Klink, VARA return on investment has eclipsed the rest of virgin (except maybe velocity) for years, the reason VARA pilots will take a haircut is simple, greed
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Old 28th Jul 2020, 11:35
  #73 (permalink)  
 
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Originally Posted by slice View Post
Looks like Bain might want to keep the VARA operation in some form. Must be reasonably profitable for this to be considered given they have previously indicated a "one fleet type" was the way forward.
A recent affidavit said VARA were insolvent and that the external administrators can no longer proceed by way of members' voluntary (solvent) winding up.

I'm no lawyer but sounds like they weren't making money despite what some have said over the years.

Interesting to see what happens from here...
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Old 28th Jul 2020, 12:19
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Originally Posted by kair1234 View Post
A recent affidavit said VARA were insolvent and that the external administrators can no longer proceed by way of members' voluntary (solvent) winding up.
Would you care to share this affidavit you talk about?
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Old 28th Jul 2020, 12:36
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Originally Posted by kair1234 View Post
A recent affidavit said VARA were insolvent and that the external administrators can no longer proceed by way of members' voluntary (solvent) winding up.

I'm no lawyer but sounds like they weren't making money despite what some have said over the years.

Interesting to see what happens from here...
they were and are making money albeit with a few ups and downs
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Old 28th Jul 2020, 12:37
  #76 (permalink)  
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Would it be a 20% salary reduction? Pretty sure their 320 drivers get more than nw.
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Old 29th Jul 2020, 01:43
  #77 (permalink)  
 
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A recent affidavit said VARA were insolvent and that the external administrators can no longer proceed by way of members' voluntary (solvent) winding up.
There's no way in hell that information would be public so like 95% of the rest of the BS that had surfaced about VA and VARA, I calling BS
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Old 29th Jul 2020, 02:31
  #78 (permalink)  
 
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Originally Posted by Double_Clutch View Post
Would you care to share this affidavit you talk about?
https://www.fedcourt.gov.au/__data/a...it-2772020.pdf
See para 20 which describes the relationship between the VARA and VAH Newco 2 (the latter owns the former) and para 36 regarding the insolvency of VAH Newco 2.

The issue, as detailed at para 20.(d), is that VAH Newco 2 is the guarantor for 900-odd million dollars' worth of unsecured notes (AUD400M + USD350M) .

Last edited by MickG0105; 29th Jul 2020 at 03:52. Reason: Fixed link and tidied up notes currencies
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Old 29th Jul 2020, 02:33
  #79 (permalink)  
 
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Originally Posted by airdualbleedfault View Post
There's no way in hell that information would be public so like 95% of the rest of the BS that had surfaced about VA and VARA, I calling BS
​​
​​​
See above note to Double_Clutch. It is public and it doesn't look like BS.
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Old 29th Jul 2020, 03:27
  #80 (permalink)  
 
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I think this is the link Mick is referring too:

https://www.fedcourt.gov.au/__data/a...it-2772020.pdf

VAH Newco 2 in default:
$400 Mil, Unsecured Fixed Rate Notes
$490 Mil, Senior Notes

VAH Newco 2 is Sole Shareholder of Airline Investments (Ex-Skywest), which in turn holds 100% Shares in VARA.

Last edited by Blackout; 29th Jul 2020 at 03:52.
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