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Virgin Australia - Phoenix Rising from the Ashes?

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Virgin Australia - Phoenix Rising from the Ashes?

Old 21st Apr 2022, 06:38
  #21 (permalink)  
ebt
 
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Originally Posted by DanV2 View Post
If there are any F100s at VARA that needs replacing, it's probably more likely that Bain will acquire more A320ceo leases to replace any of the F100s, especially those from the ex-Tiger Australia or ex-Tiger Singapore/Scoot fleets. Largely for commonality purposes.
I think I read recently that VARA was taking another two A320s to add to its fleet. At some point they will need to make a call on the F100s, however all the cheap E190-E1s have now been taken up by that other operator, so a natural replacement may be some ways off. My sense is though that once a major mining company that has wants to reduce their Scope 3 emissions completes their tender process, there may be a few moves to newer equipment in the 100 seat category. Bottom line is that for some of the airports and charters that VARA flies in, the A320 will be too big and not capable, so they will need to replace the F100s, sooner rather than later.
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Old 21st Apr 2022, 07:10
  #22 (permalink)  
 
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My sense is though that once a major mining company that has wants to reduce their Scope 3 emissions completes their tender process, there may be a few moves to newer equipment in the 100 seat category.
That is not a very long list of jet aircraft in that category.
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Old 21st Apr 2022, 07:20
  #23 (permalink)  
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Originally Posted by ebt View Post
I think I read recently that VARA was taking another two A320s to add to its fleet. At some point they will need to make a call on the F100s, however all the cheap E190-E1s have now been taken up by that other operator, so a natural replacement may be some ways off. My sense is though that once a major mining company that has wants to reduce their Scope 3 emissions completes their tender process, there may be a few moves to newer equipment in the 100 seat category. Bottom line is that for some of the airports and charters that VARA flies in, the A320 will be too big and not capable, so they will need to replace the F100s, sooner rather than later.
禅hen why continue to invest in A320痴 when they池e considered too big for the 100 seat market? Couldn稚 they just run them on rpt services and have them half empty into the mine sites? I知 sure the mining companies would keep their risk down by staying with the 320 instead of going for another fleet type.
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Old 21st Apr 2022, 08:38
  #24 (permalink)  
 
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cant wait and see how JH will destroy VOZ soon
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Old 21st Apr 2022, 10:12
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VARA's A320s are also scheduled on intra-WA RPT runs, as well as some PER-DRW and PER-ADL runs on behalf of VA mainline in-between mining charters.
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Old 21st Apr 2022, 10:23
  #26 (permalink)  
 
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Originally Posted by mates rates View Post
Imagine what they could have done if they kept their EMB 190痴👍
Spot onhave a look at the routes QQ are currently doing for VA in the F70/100 and the E190, they were all done by the VA in the Ejet.

The problem with VA is they think the 737 can do every route in Australia and the current management have still failed to fix this.

Australia like the rest of the world need 100 seat jets. VB had the right idea, but then JB came along and all he wanted was wide bodies.

During the GFC the Ejets saved VB has they moved a lot of the flying from 737s to the Ejets. Not one Ejet pilot was displayed or forced to move base during the GFC, yet a number of 737 pilots (FOs) were.



Last edited by Zinfandel; 21st Apr 2022 at 10:34.
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Old 21st Apr 2022, 11:24
  #27 (permalink)  
 
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PE has a lot of capital V1 Bang...
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Old 21st Apr 2022, 19:45
  #28 (permalink)  
 
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Originally Posted by Logan31 View Post
Heard the rumour nz bases to open up in the near future for VA
You have been posting that for the last 18 months.
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Old 21st Apr 2022, 21:52
  #29 (permalink)  
 
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Originally Posted by whoiam View Post
cant wait and see how JH will destroy VOZ soon
If you're alluding to the 'toxic culture' rumours in the media, ANYONE who worked at that company knows that the culture was thoroughly toxic to the point that many, many good people left or were pushed out the door who showed a modicum of talent or experience for YEARS before Bain took over. The epitome of that toxic culture was people who clearly had zero ability and zero track record constantly being promoted beyond their level of competence.

The people who knew what they were doing were easy to spot, because they didn't last long. From what I've heard, a LOT of the offending managers have gotten the boot since Jayne took over, so from my perspective, she's batting .100 so far, certainly compared to someone who run up billions in debt and even got an AO for their 'services' to the industry.
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Old 21st Apr 2022, 22:56
  #30 (permalink)  
 
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Originally Posted by AerialPerspective View Post
If you're alluding to the 'toxic culture' rumours in the media, ANYONE who worked at that company knows that the culture was thoroughly toxic to the point that many, many good people left or were pushed out the door who showed a modicum of talent or experience for YEARS before Bain took over. The epitome of that toxic culture was people who clearly had zero ability and zero track record constantly being promoted beyond their level of competence.

The people who knew what they were doing were easy to spot, because they didn't last long. From what I've heard, a LOT of the offending managers have gotten the boot since Jayne took over, so from my perspective, she's batting .100 so far, certainly compared to someone who run up billions in debt and even got an AO for their 'services' to the industry.
Yup - apparently a toxic culture is sacking managers who were running a business that went broke.
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Old 21st Apr 2022, 23:12
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Originally Posted by PoppaJo View Post
You have been posting that for the last 18 months.
They probably will open a NZ base at some point. They will probably also have an EBA that pays below JetConnect.
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Old 21st Apr 2022, 23:21
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Originally Posted by AerialPerspective View Post
If you're alluding to the 'toxic culture' rumours in the media, ANYONE who worked at that company knows that the culture was thoroughly toxic to the point that many, many good people left or were pushed out the door who showed a modicum of talent or experience for YEARS before Bain took over. The epitome of that toxic culture was people who clearly had zero ability and zero track record constantly being promoted beyond their level of competence.

The people who knew what they were doing were easy to spot, because they didn't last long. From what I've heard, a LOT of the offending managers have gotten the boot since Jayne took over, so from my perspective, she's batting .100 so far, certainly compared to someone who run up billions in debt and even got an AO for their 'services' to the industry.
There痴 still a few left in flight ops that could make way for more competent staff. Hopefully the new CP makes some moves to clear out anyone deemed incompetent.
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Old 21st Apr 2022, 23:51
  #33 (permalink)  
 
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the yearly profits which could be in the billions if they play their cards right
Have a look at the profits Qantas were bringing in pre covid.
They weren't bringing in billions regularly (in fact only once, in 2016, 2 years after a 2.8 billion loss), and there was some pretty "imaginative" accounting across the Qantas Group to even get the figures they did in the other years.
Meanwhile the opposition now has more debt than virgin did when it went into administration.
It's just taken them longer to run out of "imaginative" accounting ideas, but...they haven't ended up in administration, or sold off, so they must still be doing something right. VA are very, very lucky to even still be in existence
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Old 22nd Apr 2022, 01:24
  #34 (permalink)  
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Originally Posted by v1bang View Post
禅hen why continue to invest in A320痴 when they池e considered too big for the 100 seat market? Couldn稚 they just run them on rpt services and have them half empty into the mine sites? I知 sure the mining companies would keep their risk down by staying with the 320 instead of going for another fleet type.
Because it's about different horses for different courses - it's not a one-size fits all approach. Some mine strips (or other regional airports like ALH) can take A320s, others are limited to F100s or other equivalent 100 seaters, so there will always be a role for those smaller jets in FIFO. Just look across the tarmac at Network where they are still running their F100s even with the huge growth in A320s. Miners like having the ability to flex capacity (and cost) up and down as they need to, so it's better to have more than one type available.

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Old 22nd Apr 2022, 04:48
  #35 (permalink)  
 
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Originally Posted by Traffic_Is_Er_Was View Post
They weren't bringing in billions regularly (in fact only once, in 2016, 2 years after a 2.8 billion loss), and there was some pretty "imaginative" accounting across the Qantas Group to even get the figures they did in the other years.

It's just taken them longer to run out of "imaginative" accounting ideas, but...they haven't ended up in administration, or sold off, so they must still be doing something right. VA are very, very lucky to even still be in existence
Apples and oranges.

VA has new management, new owners, a new strategy, less debt and a new cost base. It is only similar to the old VA by name.

Qf has the same (albeit great) management however a lot more debt.

Both airlines will continue to survive and be extremely profitable.


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Old 22nd Apr 2022, 05:37
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Are all the mining strip runways at least 30m wide? If this is so,then the B737-700 can operate into them.I guess the problem with some of these mining contracts is they don’t need 144 seats.So they are reluctant to pay for a B737-700?
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Old 22nd Apr 2022, 06:30
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Yes, mostly 30metre. It’s not just about which aircraft “can operate into them”. The mining airports were set up around 90-100 seat aircraft. With the big advantage of no GSE for loading as F100 and BAE146 have low door sills for the hold and can be loaded from the trolley or ground.
The mine site terminals struggle with 170+ passengers at a time leaving and arriving. They prefer frequency to volume.
The 100-115seat market remains viable for FIFO. The QF guys did not understand that when taking over Network, VARA with a Skywest heritage understood much better.
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Old 27th Apr 2022, 11:21
  #38 (permalink)  
 
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Here is an AFR articlal to brighten up your day https://www.afr.com/rear-window/no-h...0220425-p5afzk
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Old 27th Apr 2022, 12:11
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It’s fiire walled anyone have the full article
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Old 27th Apr 2022, 12:46
  #40 (permalink)  
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Here you go:

For Virgin Australia staff, it痴 been a rocky road and not the sort paved with chocolate and marshmallows since management called in administrators two years ago and the airline was reborn under the ownership of private equity barbarians Bain Capital.

As the largest cohort of creditors, Virgin employees, remember, were implored to vote in favour of Bain痴 takeover, and 99 per cent of them did so after Bain boss Mike Murphy offered this unambiguous assurance: 天irgin has a great management team run by Paul Scurrah, and I壇 like to again reaffirm that we are backing Paul to successfully lead Virgin through the current turbulence and back into the skies.

The very next month, Bain removed Scurrah as Virgin痴 chief executive to install Jayne Hrdlicka, making a lie of Bain痴 explicit assurances to Virgin痴 administrators and to union leaders that she would never lead the airline.

A more incongruous candidate than Hrdlicka who ran Jetstar and The a2 Milk Company without an ounce of human feeling could scarcely have been imagined for the leadership of Virgin, a business (once) renowned for the warmth and enthusiasm of its workforce.

The past 21 months have only cemented Hrdlicka痴 reputation as remarkably tone-deaf, and as a gifted self-immolator. Recall the spectacular hit job she conducted on herself in March last year with false claims about her time at a2 Milk. As Tennis Australia president, her speeches are a real crowd favourite at the Australian Open.

There have also been multiple reports of Virgin痴 dysfunctional workplace culture and a string of senior departures. Multiple payouts were made to victims of Virgin痴 PR boss Moksha Watts handpicked by Hrdlicka who then resigned to remake herself as LinkedIn痴 most cloying networker.

Chief pilot Michael Fitzgerald was terminated last month after an extended period of medical leave and has taken a claim of bullying and harassment against Hrdlicka to the Fair Work Commission.

Booby prize?

Speaking of tone-deaf, Virgin Australia launched a competition for its staff in September to encourage their take-up of COVID-19 vaccines (to enter, employees had to provide a copy of their vaccination certificate).

Seventh prize of which there were 100 winners was a pair of Virgin Australia pyjamas, useful particularly for sleeping through Hrdlicka痴 next speech at the tennis.

Sixth prize was a Virgin lounge membership.

Fifth prize was a return economy trip anywhere in Australia and fourth prize was return business class flights.

Third prize was an extra week of annual leave.

Second prize was two nights on Hamilton Island, including business-class flights and accommodation for two people.

But first prize drum roll was lunch with Hrdlicka. There must very suddenly be a tremendous number of anti-vaxxers at Virgin Australia.

This competition closed nearly four weeks ago, on March 31, yet the winners are still to be announced. We suspect head office has contacted multiple first prize winners, each of whom has demanded a redraw.

It would require a shocking level of remoteness to believe that your frontline staff would consider an exclusive audience with their ice-cold CEO a higher reward than a free trip to paradise or a paid week off work. In fact, a disposable set of Bangladeshi-made nightwear is a far superior offer to lunch with Jayne Hrdlicka.

Personally, we壇 prefer two nights accommodation in Belanglo State Forest and lunch with Ivan Milat. It would certainly obviate the need for a booster shot
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