Virgin 3.1
Join Date: Jun 2009
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Wouldn't have thought so
But I sure am not an employment lawyer expert type person
Their employment terminated thus redundancy payment & now new employees of a new entity
Would have been a stretch to have that in a clause of re-employment - please pay back to the new entity , the redundancy money you got from previous employment at old entity
The redundancy wasn't that great anyway ? , or am I wrong yet again
Didn't the previous contract have it "capped" at 18 weeks or something, I thought the legal min was 2 weeks for every year ? (other airlines in Aust get 4 weeks for every year if CR)
But I sure am not an employment lawyer expert type person
Their employment terminated thus redundancy payment & now new employees of a new entity
Would have been a stretch to have that in a clause of re-employment - please pay back to the new entity , the redundancy money you got from previous employment at old entity
The redundancy wasn't that great anyway ? , or am I wrong yet again
Didn't the previous contract have it "capped" at 18 weeks or something, I thought the legal min was 2 weeks for every year ? (other airlines in Aust get 4 weeks for every year if CR)
With the return of the crews made redundant, are they required to pay back any of the pay out cash or has it worked out to be a golden handshake. You would have to think they had it best- good pay out 12 months off and slip right back in to the left on the good cash. If you were senior I’m sure there was no doubt that you would be back in the time frame in the EBA.
With the return of the crews made redundant, are they required to pay back any of the pay out cash or has it worked out to be a golden handshake. You would have to think they had it best- good pay out 12 months off and slip right back in to the left on the good cash. If you were senior I’m sure there was no doubt that you would be back in the time frame in the EBA.
**** comment
Pretty much all those I know made redundant used the funds to try and just survive. The cash ran out pretty quick.
Not many if any would be in the position to repay anything.
Not many if any would be in the position to repay anything.
With the return of the crews made redundant, are they required to pay back any of the pay out cash or has it worked out to be a golden handshake. You would have to think they had it best- good pay out 12 months off and slip right back in to the left on the good cash. If you were senior I’m sure there was no doubt that you would be back in the time frame in the EBA.
But what would you expect of someone who can’t even count?
Little bird tells me that some crews are being rostered for Max difference training?
So a return NZ airfare now totals about $250-$300 of taxes and charges. Renders low cost airlines on the Tasman unsustainable, great work Jacinda.
The airline is approaching the same number of 737s as pre administration. There is a strong push for ‘efficiency’ especially with the new EA.
The decision to close NZ bases was probably in the mix before going into administration which makes it hard to think they will open them back up. Especially if the ZQN flying is anything to go by for what the NZ schedule will look like - early departures from AUS across the Tasman and back late arvo. That sort of flying can easily be crewed ex Aus.
Many years ago Fiji increased it departure tax from something small ($99?) to $250 and life went on and the tourist numbers kept on increasing. So yes passing the cost on will hurt but there’s always more to the picture. Jacinda has to recover the $120b and rising, she’s spent keeping COVID out, because it want come from government efficiencies.
You’d have to think this is unlikely. Lots of recruitment going on (and more to come) that would have a fair number of the WB crew back on the 73 - but all based in Oz.
The airline is approaching the same number of 737s as pre administration. There is a strong push for ‘efficiency’ especially with the new EA.
The decision to close NZ bases was probably in the mix before going into administration which makes it hard to think they will open them back up. Especially if the ZQN flying is anything to go by for what the NZ schedule will look like - early departures from AUS across the Tasman and back late arvo. That sort of flying can easily be crewed ex Aus.
The airline is approaching the same number of 737s as pre administration. There is a strong push for ‘efficiency’ especially with the new EA.
The decision to close NZ bases was probably in the mix before going into administration which makes it hard to think they will open them back up. Especially if the ZQN flying is anything to go by for what the NZ schedule will look like - early departures from AUS across the Tasman and back late arvo. That sort of flying can easily be crewed ex Aus.
The utilisation of VANZ crew (as well as VAI BNE) was particularly low especially when compared to what the VAA crew were doing. Based on that - I would think it’s more likely that Aus crew would overnight in AKL as opposed to starting a new base if the aircraft is schedule to start the day early in the morning in NZ. Having said that, with the opening of ADL there seems to be a push to reduce overnights? When things were ‘normal’ ADL had a lot of aircraft that overnighted - I wonder if AKL will have the same when things pick up, or if it’s more likely to be 3-4 which wouldn’t warrant a base.
Ultimately, until we see a NZ schedule, this is all guess work. The Aus based crew have been told they will be flying the Tasman - in the short term that’s what will happen. In the long term - who knows. But it probably needs to be taken in the context that there are about 850 pilots on the list at the moment who are employed at VA, and they are about to announce more and that’s for 77 aircraft. Hard to see the need for another base opening which would again increase headcount.
Sorry - to be clear I wasn’t implying that an aeroplane only doing SYD ZQN SYD is an efficient use of an aircraft. As you said - the aircraft utilisation where the aeroplane starts early morning in AKL and ends the day in AKL is a particularly efficient use of the frame.
The utilisation of VANZ crew (as well as VAI BNE) was particularly low especially when compared to what the VAA crew were doing. Based on that - I would think it’s more likely that Aus crew would overnight in AKL as opposed to starting a new base if the aircraft is schedule to start the day early in the morning in NZ. Having said that, with the opening of ADL there seems to be a push to reduce overnights? When things were ‘normal’ ADL had a lot of aircraft that overnighted - I wonder if AKL will have the same when things pick up, or if it’s more likely to be 3-4 which wouldn’t warrant a base.
Ultimately, until we see a NZ schedule, this is all guess work. The Aus based crew have been told they will be flying the Tasman - in the short term that’s what will happen. In the long term - who knows. But it probably needs to be taken in the context that there are about 850 pilots on the list at the moment who are employed at VA, and they are about to announce more and that’s for 77 aircraft. Hard to see the need for another base opening which would again increase headcount.
The utilisation of VANZ crew (as well as VAI BNE) was particularly low especially when compared to what the VAA crew were doing. Based on that - I would think it’s more likely that Aus crew would overnight in AKL as opposed to starting a new base if the aircraft is schedule to start the day early in the morning in NZ. Having said that, with the opening of ADL there seems to be a push to reduce overnights? When things were ‘normal’ ADL had a lot of aircraft that overnighted - I wonder if AKL will have the same when things pick up, or if it’s more likely to be 3-4 which wouldn’t warrant a base.
Ultimately, until we see a NZ schedule, this is all guess work. The Aus based crew have been told they will be flying the Tasman - in the short term that’s what will happen. In the long term - who knows. But it probably needs to be taken in the context that there are about 850 pilots on the list at the moment who are employed at VA, and they are about to announce more and that’s for 77 aircraft. Hard to see the need for another base opening which would again increase headcount.
It’s all good saying it’s efficient to do SYD-ZQN-SYD, but that’s only 5 hours flight time for the frame.
That sounds like excellent utilisation to me.
Any idea when they release Captain numbers?
Do you think any more ac beyond the 77 or that’s it for a while?
Join Date: Jun 2005
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Tasman flying ambitions might have changed today for a few. NZ boosting its border charges from $20 to $46 from December 1. That’s the profit margin gone right there, if even that, in what was already a very marginal market.
So a return NZ airfare now totals about $250-$300 of taxes and charges. Renders low cost airlines on the Tasman unsustainable, great work Jacinda.
So a return NZ airfare now totals about $250-$300 of taxes and charges. Renders low cost airlines on the Tasman unsustainable, great work Jacinda.
It would be nice to think more aircraft might be arriving - but it’s hard to tell. JQ are saying they will be 110-120% of pre COVID size, plus throw Rex into the market and QF using the QQ Ejets. That is a hell of a lot of aeroplanes that will be flying around Aus next year. I think VA will likely hold at 77 aircraft, and if things are going well, the Max10s that start to arrive in 2023 will be further growth to the required numbers, and then you’ll see a phasing out some of the older aircraft that they have. That’s all pure guesswork though.
It’s all good signs at the moment. Who would have thought this is where VA would be 12 months ago.
On the eve of the first anniversary of Virgin’s ownership by Bain Capital, the Brisbane-based airline has issued a new tranche of more than nine million A-class shares destined for a handful of its latest recruits.
The new shares rank the same as the $42.2m tranche issued earlier this year to recipients including the airline’s chief Jayne Hrdlicka, which just so happened to coincide with her comments that “some people may die from coronavirus” in the path out of lockdown.
The new shares rank the same as the $42.2m tranche issued earlier this year to recipients including the airline’s chief Jayne Hrdlicka, which just so happened to coincide with her comments that “some people may die from coronavirus” in the path out of lockdown.
Margin Call - The Australian
Quick cash grab. If you were wondering why the once Woolworths CFO who in a previous life did oversee about $50b in revenue, downgraded his job to Virgin, at about $4b, that’s why.
