Bonza has its AOC
TBM there are only 5 birds as one went back to flair and only 4 in the air so $85k
You are quoting on average 60% LF which I think could be a tad low likely closer to 75% or $312k
Leaving $87k to pay the rest, still not great, but not as bad as your post indicates
You are quoting on average 60% LF which I think could be a tad low likely closer to 75% or $312k
Leaving $87k to pay the rest, still not great, but not as bad as your post indicates
‘Until you factor in the Nauru wet lease which will be cash up front…..and you can bet Bonza is paying for the Canadian bird, so 6 is good
I wouldn’t be so sure on that anymore.
It’s been idle for nearly a month, so clearly an issue on the Canadian side getting it released from the register. Now, when looking at all the issues its Maple offshoot is facing, to put it clearly, on the verge of collapse, sounds like the Canadians are refusing to process the re-registration. They pay import taxes on new aircraft over there, and it’s well clear that Flair owed nearly $70m, so perhaps they need to pay the pro rata out before it leaves. They did issue a seizure order if they didn’t pay.
It’s been idle for nearly a month, so clearly an issue on the Canadian side getting it released from the register. Now, when looking at all the issues its Maple offshoot is facing, to put it clearly, on the verge of collapse, sounds like the Canadians are refusing to process the re-registration. They pay import taxes on new aircraft over there, and it’s well clear that Flair owed nearly $70m, so perhaps they need to pay the pro rata out before it leaves. They did issue a seizure order if they didn’t pay.
Last edited by nomess; 24th Mar 2024 at 07:10.
I wouldn’t be so sure on that anymore.
It’s been idle for nearly a month, so clearly an issue on the Canadian side getting it released from the register. Now, when looking at all the issues its Maple offshoot is facing, to put it clearly, on the verge of collapse, sounds like the Canadians are refusing to process the re-registration. They pay import taxes on new aircraft over there, and it’s well clear that Flair owed nearly $70m, so perhaps they need to pay the pro rata out before it leaves. They did issue a seizure order if they didn’t pay.
It’s been idle for nearly a month, so clearly an issue on the Canadian side getting it released from the register. Now, when looking at all the issues its Maple offshoot is facing, to put it clearly, on the verge of collapse, sounds like the Canadians are refusing to process the re-registration. They pay import taxes on new aircraft over there, and it’s well clear that Flair owed nearly $70m, so perhaps they need to pay the pro rata out before it leaves. They did issue a seizure order if they didn’t pay.
don’t worry our Bonza expert Deano969 will have the inside scoop!
About time, they should have had website bookings from day 1
They are expecting to have a fleet of 10 by years end with a new base
This number could however grow significantly if Flair go under and 777 seek somewhere to relocate the Flair fleet
Flair seem to be on life support....
They are expecting to have a fleet of 10 by years end with a new base
This number could however grow significantly if Flair go under and 777 seek somewhere to relocate the Flair fleet
Flair seem to be on life support....
The 777 Partners money trail is very complex, you really need to go digging to see what is actually going on, it’s gives me a migraine trying to look at it. It all seems to be connected to insurance offshoots funding 777s Balance Sheet.
It would be in Bonza’s best survival interest if they sold it off pronto, while still maintaining the existing loans and leases from itself to Bonza.
Bit similar to Bain. They will exit Virgin but will still have income from Virgin for decades to come from many fancy contracts signed which all benefit the original owner.
It would be in Bonza’s best survival interest if they sold it off pronto, while still maintaining the existing loans and leases from itself to Bonza.
Bit similar to Bain. They will exit Virgin but will still have income from Virgin for decades to come from many fancy contracts signed which all benefit the original owner.
I would not be surprised if the house of cards that is 777 partners comes crashing down soon, the Everton takeover seems to have let the genie out of the bottle
https://www.goodisonnews.com/2024/03...rated-the-esk/
Flair have a better chance at survival than Bonza given their size and the recent loss of a competitor. Word is the Flair aircraft will join the fleet on the 8th April, doubt she will get a paint job as that would require prepayment. Beyond that cannot see any further aircraft coming while folk and current suppliers wait to be paid.
The article, written by Ian Herbert, read: “The leading Everton financial analyst, The Esk, tells me he believes there is a mere five per cent chance of the takeover happening.
“‘The way 777 are viewed in the investment community, I also find it hard to believe another company will come in with them’.”
“‘The way 777 are viewed in the investment community, I also find it hard to believe another company will come in with them’.”
Flair have a better chance at survival than Bonza given their size and the recent loss of a competitor. Word is the Flair aircraft will join the fleet on the 8th April, doubt she will get a paint job as that would require prepayment. Beyond that cannot see any further aircraft coming while folk and current suppliers wait to be paid.
LOL - 777 partners has a 25% interest in Flair, and less than that % in terms of aircraft on lease to Flair from 777. I doubt other lease companies would send the fleet down under, just like the repos haven’t gone anywhere.
The cocaine bears always seem to find money at the last moment, I bet the Everton takeover will be approved. Flair is back selling tickets after their payment processor ditched them, disabling their site for three days.
Looks like Flair crew are getting a pay rise
https://x.com/flying_steve/status/17...859361485?s=20
Meanwhile 777 partners are having funding issues
https://www.insurancebusinessmag.com...er-483387.aspx
https://x.com/flying_steve/status/17...859361485?s=20
Meanwhile 777 partners are having funding issues
https://www.insurancebusinessmag.com...er-483387.aspx
Mildura Airport today said they carried 50,000 Bonza passengers in the prior 12 months, to and from.
They had around 110,000 seats into Mildura over the year.
I don’t think you can turn that around regardless what you do. Likely too big of a machine into such a location.
Not sure how long they intend of giving some of these routes. I would assume 2 years would be suffice. I wonder if a low cost route to the Sydney basin would work.
They had around 110,000 seats into Mildura over the year.
I don’t think you can turn that around regardless what you do. Likely too big of a machine into such a location.
Not sure how long they intend of giving some of these routes. I would assume 2 years would be suffice. I wonder if a low cost route to the Sydney basin would work.
Mildura Airport today said they carried 50,000 Bonza passengers in the prior 12 months, to and from.
They had around 110,000 seats into Mildura over the year.
I don’t think you can turn that around regardless what you do. Likely too big of a machine into such a location.
Not sure how long they intend of giving some of these routes. I would assume 2 years would be suffice. I wonder if a low cost route to the Sydney basin would work.
They had around 110,000 seats into Mildura over the year.
I don’t think you can turn that around regardless what you do. Likely too big of a machine into such a location.
Not sure how long they intend of giving some of these routes. I would assume 2 years would be suffice. I wonder if a low cost route to the Sydney basin would work.
So let's have a closer look at your claim
AB MQL routes are
Sunny Coast 2 weekly
Melbourne 2 weekly
Goldy 2 weekly but this has only been running a few months
So for the majority of the past 12 months there have been just 4 return services per week
4 x 2 x 188 x 52 is 78,208 which is way short of your 110,000 available seats
Factoring in Gold Coast for 3 months adds around 9,500 available seats
So around 88,000 seats over the year or a LF of 57% with Gold Coast included
That said, I can not find a press release anywhere supporting your claim of 50,000
So let's have a closer look at your claim
AB MQL routes are
Sunny Coast 2 weekly
Melbourne 2 weekly
Goldy 2 weekly but this has only been running a few months
So for the majority of the past 12 months there have been just 4 return services per week
4 x 2 x 188 x 52 is 78,208 which is way short of your 110,000 available seats
Factoring in Gold Coast for 3 months adds around 9,500 available seats
So around 88,000 seats over the year or a LF of 57% with Gold Coast included
That said, I can not find a press release anywhere supporting your claim of 50,000
AB MQL routes are
Sunny Coast 2 weekly
Melbourne 2 weekly
Goldy 2 weekly but this has only been running a few months
So for the majority of the past 12 months there have been just 4 return services per week
4 x 2 x 188 x 52 is 78,208 which is way short of your 110,000 available seats
Factoring in Gold Coast for 3 months adds around 9,500 available seats
So around 88,000 seats over the year or a LF of 57% with Gold Coast included
That said, I can not find a press release anywhere supporting your claim of 50,000
Bonza's B38Ms have a 186Y configuration, not 188.
They have proven they can drive demand in these areas. The only issue is, the aircraft is likely just too big. I don’t know if introducing smaller types would fit the low cost model in which they operate. Scoot is going EJet very soon. Could be an option.
However, the whole idea of the 777 Partners deal-e-o is to lease out MAX Jets to its victims, not jungle jets.
Bonza will be in Sydney soon.
However, the whole idea of the 777 Partners deal-e-o is to lease out MAX Jets to its victims, not jungle jets.
Bonza will be in Sydney soon.
Mildura Airport today said they carried 50,000 Bonza passengers in the prior 12 months, to and from.
They had around 110,000 seats into Mildura over the year.
I don’t think you can turn that around regardless what you do. Likely too big of a machine into such a location.
Not sure how long they intend of giving some of these routes. I would assume 2 years would be suffice. I wonder if a low cost route to the Sydney basin would work.
They had around 110,000 seats into Mildura over the year.
I don’t think you can turn that around regardless what you do. Likely too big of a machine into such a location.
Not sure how long they intend of giving some of these routes. I would assume 2 years would be suffice. I wonder if a low cost route to the Sydney basin would work.
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Mildura has a high rate of Itinerant population, but I doubt many would continue to use Bonza unless their reliability improves. The demand that Bonza has seen in that area at least is more curiosity, and some decent marketing, the lack of reliability has cost them a lot of repeat loads though from what I've heard. I doubt there is anyway they can sustain regular profitable loads though, there's just not enough regular travelers for a regular 737 load. Except maybe two flights a week at peak times in peak seasons, unfortunately those peaks occur at every other country port at the same time and then you have a week of dribble. The rest of a the week frequent Dash or SAABs meet demand easily. There's already a lot of grumbling from country ports that have lost their frequent SAAB service in favor of a once or twice a day Dash at poor timings, if that, makes it hard to commute for a day trip for appointments and such, so they have to book to stay overnight and so on.
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They are probably cannibalising their own markets. Operating Mildura to a one SEQ destination is one thing, but then to introduce a second SEQ destination, operating on the same days, is a tough ask.
They keep connecting the dots to some of these regional areas from other locations, but it’s likely just all too much for some of these regions.
Winter is coming, what do people want? They want Sydney and Melbourne to anything sun. Wouldn’t you go fishing where the fish are?
They keep connecting the dots to some of these regional areas from other locations, but it’s likely just all too much for some of these regions.
Winter is coming, what do people want? They want Sydney and Melbourne to anything sun. Wouldn’t you go fishing where the fish are?