TAAE about to bite dust?
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Sheepie,
TAAE (or TAA, as they prefer to be known of late) are an operator providing aircraft and crews to service the heavy part of AaE’s network. The freight ‘belongs’ to AaE (essentially QF domestic freight and Australia Post). Companies such a DHL use aircraft as large and fast trucks to carry their own product, and are in the main uninterested in carrying other company’s freight other than as top-up, or operating on another company’s behalf.
Whilst a foreign aircraft and crewing company may be interested, it is unlikely to be “a money earner’ at current contracted rates. In fact, this has just been conclusively demonstrated. TAAE was the low bidder in a low cost sector of the market.
The problem confronting AaE is that last year they went from having two 727 contractors, Air Cargo Australia and IAF, to only one, TAAE (a re-badged Air Cargo Australia, with new owners), thus effectively putting all their eggs in one basket. If AaE are forced to prop up TAAE to ensure their own network performance, the ‘low bid’ operator may well have turned out to be the higher cost operator. Red faces indeed!
TSI,
What the ‘new owners’ prefer in the way of equipment, 310 or others, is almost irrelevant in this context. That decision has always been made by the customer, AaE.
Buster,
Not sure what you mean by the QF way? Care to elaborate?
Snooze
TAAE (or TAA, as they prefer to be known of late) are an operator providing aircraft and crews to service the heavy part of AaE’s network. The freight ‘belongs’ to AaE (essentially QF domestic freight and Australia Post). Companies such a DHL use aircraft as large and fast trucks to carry their own product, and are in the main uninterested in carrying other company’s freight other than as top-up, or operating on another company’s behalf.
Whilst a foreign aircraft and crewing company may be interested, it is unlikely to be “a money earner’ at current contracted rates. In fact, this has just been conclusively demonstrated. TAAE was the low bidder in a low cost sector of the market.
The problem confronting AaE is that last year they went from having two 727 contractors, Air Cargo Australia and IAF, to only one, TAAE (a re-badged Air Cargo Australia, with new owners), thus effectively putting all their eggs in one basket. If AaE are forced to prop up TAAE to ensure their own network performance, the ‘low bid’ operator may well have turned out to be the higher cost operator. Red faces indeed!
TSI,
What the ‘new owners’ prefer in the way of equipment, 310 or others, is almost irrelevant in this context. That decision has always been made by the customer, AaE.
Buster,
Not sure what you mean by the QF way? Care to elaborate?
Snooze
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One wonders how hard AaE had the screws into the back of TAAE for the 'lowest' price.
Wouldn't be the first operator to have the screws come out through the chest at the hands of a freight company now would they?
Wouldn't be the first operator to have the screws come out through the chest at the hands of a freight company now would they?
Thread Starter
I've just been told that TAAE has gone into administration.
They will operate tonight and tomorrow night and it is still an uncertian future after that at this stage.
Hope it all works out for the sake of the staff although from reading some of the other posts, I must say it doesn't look good.
TSI. Still think they are in good shape and there is a chance of raising anything for that other basketcase Trans World????
They will operate tonight and tomorrow night and it is still an uncertian future after that at this stage.
Hope it all works out for the sake of the staff although from reading some of the other posts, I must say it doesn't look good.
TSI. Still think they are in good shape and there is a chance of raising anything for that other basketcase Trans World????
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Word on the apron last night was that AAe have been told by the administrators that the B727s would not be flying thursday night (tonight).
AAE are apparently throwing money at the administrators on a daily basis to try and keep the aircraft in the air.
If the 727s don't fly tonight...... well what a
fight its going to be to move all that freight.
Hope something can be sorted out, for the sake of the crew and all at TAAE. (not to mention everyone who won't be getting there express fright)
AAE are apparently throwing money at the administrators on a daily basis to try and keep the aircraft in the air.
If the 727s don't fly tonight...... well what a
fight its going to be to move all that freight.Hope something can be sorted out, for the sake of the crew and all at TAAE. (not to mention everyone who won't be getting there express fright)
Bottums Up
Night Watch,
I saw a 72 freighter with the freight door open on the ground at Cairns last night (Thurs). Heard the beast talking to BN Ctr on departure for Townsville. They were told to keep the speed up all the way to the field to go number one to Sunstate xxxx. What a race! 
As an aside, IMHO the 727-200 is the horniest looking aircraft ever built!
As an aside, IMHO the 727-200 is the horniest looking aircraft ever built!
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administration
ur2
Its not BS they are under administration and are only airborne because AaE has agreed to pick up the tab for THE MOMENT.
Oblivion is all but a step away
(administration went into effect 5 pm on the 16th I think)
Its not BS they are under administration and are only airborne because AaE has agreed to pick up the tab for THE MOMENT.
Oblivion is all but a step away
(administration went into effect 5 pm on the 16th I think)
Thread Starter
TSI,
Wow, that's the best spin I've ever heard put on a company in the predicament of TAAE. You should lay off whatever your smoking!
The fact is that they owe many millions of dollars, can't pay it and the only reason they are operating is because while under administration they don't have to pay any past debts.
The administrator only has to cover ongoing debts after they take over and their own fees. The bigger the job (or mess) they can make of it the better for them. It's like putting the fox in charge of the chicken house. Ask the Ansett guys whether this is true or not.
I'm aware of one creditor, a one man band that is owed $50K and is now in dire straights because he can't walk away from the debts he incured as a result of TAAE.
The fact of the matter is that there is no guarantee that there is anything going forward. The future rests entirely with the wants of AAE as the existing contracts would have toppled due to the act of insolvency. AAE will use the situation to restructure to thier own benifit.
Now lets look at some of your other wisdom on this topic and what is now known as fact.
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Post No 1
"good try d_concord (aka **** ******). TAAE is in good shape except the ex Ansett guys that joined want the same conditions as they had with Ansett and it won't happen. hence EBA negotiations have stalled, five pilots have joined Virgin and the usual bullsh!t rumours abound.
Buster, the A310 is still on schedule, only problem is there may not be any Perth pilots left to crew it."
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Post No 2
TAAE is a subsidary company of Trans World. according to my sources here in HK trans world needs an injection of capital yesterday. looks like TAAE will be put on the market sooner than planned to raise the funds. whether the new owners will go with the A310 who knows (sorry Buster, only found this out today!) but the 727s will be around for a while yet.
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Post No 3
concorde dave, TAAE are in good shape they are still operating and will do so until a buyer is found.
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All a Crock of ****.
The last strike out is that my name isn't Dave or do the letters of my name equal what is in your first post.
Wow, that's the best spin I've ever heard put on a company in the predicament of TAAE. You should lay off whatever your smoking!
The fact is that they owe many millions of dollars, can't pay it and the only reason they are operating is because while under administration they don't have to pay any past debts.
The administrator only has to cover ongoing debts after they take over and their own fees. The bigger the job (or mess) they can make of it the better for them. It's like putting the fox in charge of the chicken house. Ask the Ansett guys whether this is true or not.
I'm aware of one creditor, a one man band that is owed $50K and is now in dire straights because he can't walk away from the debts he incured as a result of TAAE.
The fact of the matter is that there is no guarantee that there is anything going forward. The future rests entirely with the wants of AAE as the existing contracts would have toppled due to the act of insolvency. AAE will use the situation to restructure to thier own benifit.
Now lets look at some of your other wisdom on this topic and what is now known as fact.
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Post No 1
"good try d_concord (aka **** ******). TAAE is in good shape except the ex Ansett guys that joined want the same conditions as they had with Ansett and it won't happen. hence EBA negotiations have stalled, five pilots have joined Virgin and the usual bullsh!t rumours abound.
Buster, the A310 is still on schedule, only problem is there may not be any Perth pilots left to crew it."
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Post No 2
TAAE is a subsidary company of Trans World. according to my sources here in HK trans world needs an injection of capital yesterday. looks like TAAE will be put on the market sooner than planned to raise the funds. whether the new owners will go with the A310 who knows (sorry Buster, only found this out today!) but the 727s will be around for a while yet.
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Post No 3
concorde dave, TAAE are in good shape they are still operating and will do so until a buyer is found.
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All a Crock of ****.
The last strike out is that my name isn't Dave or do the letters of my name equal what is in your first post.
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It's interesting sitting back and looking at all the defenders here, no one really knows what the adminstrators or AaE will do/decide as I believe now it is completely in there hands.
My bet is that they will walk and that "d_concord" is correct with his info - doubters such as TSI and co take note.
History shows that Compass II was wound up for the sake of 5 mil. my sources tell me that TAAE are in for at least double that and maybe more, one of the guys in maintainance tells me that most of the aircraft if not all are up for major checks in the next 6 - 8 mths, that's big money. Another rumour flying around is that they have been locked out of the simulator by the other partners, from all perspectives life looks fairly dire for them I'd say unless "the Fairy God Mother comes over the hill and pulls a large rabbit out of the hat"
My bet is that they will walk and that "d_concord" is correct with his info - doubters such as TSI and co take note.
History shows that Compass II was wound up for the sake of 5 mil. my sources tell me that TAAE are in for at least double that and maybe more, one of the guys in maintainance tells me that most of the aircraft if not all are up for major checks in the next 6 - 8 mths, that's big money. Another rumour flying around is that they have been locked out of the simulator by the other partners, from all perspectives life looks fairly dire for them I'd say unless "the Fairy God Mother comes over the hill and pulls a large rabbit out of the hat"
Whispering "T" Jet
TSI - are you joking? Any Company in administration are having corporate / trading difficulties. Now, I would like your clarification on a couple of points:
1. What would a Cathay pilot know about the internal goings on of TAAE ?
2. What evidence do you have to support the claim that TAAE is "in good shape" ?
3. EBA negotiations never stalled at TAAE, they are still on-going!
4. Three (3) pilots, at present, have joined Virgin. Why have you stated five (5) pilots?
D_Concorde - when you say "fact is they owe many millions of dollars". Whom do TAAE owe this money to ?
The "one man band", who you claim, is owed $50K - is that you?
Not true, the only reason we are operating is because the administrator is paying the bills. Chapter 11 rules do not apply here in Oz.
1. What would a Cathay pilot know about the internal goings on of TAAE ?
2. What evidence do you have to support the claim that TAAE is "in good shape" ?
3. EBA negotiations never stalled at TAAE, they are still on-going!
4. Three (3) pilots, at present, have joined Virgin. Why have you stated five (5) pilots?
D_Concorde - when you say "fact is they owe many millions of dollars". Whom do TAAE owe this money to ?
The "one man band", who you claim, is owed $50K - is that you?
the only reason they are operating is because while under administration they don't have to pay any past debts.
Last edited by 3 Holer; 19th Jul 2003 at 05:59.
