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I hate to rain on your parade, but I would be very surprised if OzJet (and it's AOC) were sold. |
It would be very surprising for Strategic to buy Ozjet although they appear to be floundering around trying to get an AOC one way or the other. I thought they had in fact made an application quite some time ago, Perhaps they need to just get on with it.
There is really no sense in the Ozjet AOC. An old Boeing AOC is a long way from an Airbus operation. Unless of course they want to operate that equipment. While the purchase doesn't require CASA's approval, I bet they wouldn't like it if it is felt that it is a shortcut to an Airbus operation. If they are hellbent on buying one, I would think there is only one Airbus AOC about that they they would have any chance of getting and that has 180 minutes EDTO to boot. All the check and training in place, manuals, maintenance systems and Airbus experienced people. Maybe they have tried that already. |
I agree, it will never happen
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Love ya work!
Betaman,
HotDog & FGD135 I rarely enter into a battle of wits with unarmed opponents, but for you guys I will make an exception |
A bit like dogs engaging in bum-sniffing. To see what the other one is made of or maybe an opportunity for a quickie? If Strategic are having problems with their AOC application, buying Ozjet is a misguided way around the problem. Their smooth CEO may spend big with other peoples money but by now he must know a bit about the way CASA works.
So the game plan is something else. And neither NJS, Network, Alliance nor Skywest would be keen on the something else so they sniff as well. The worst they can do by showing interest is drive the price up a bit. |
Nobody has signed anything as yet...
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From this "Heavy Cargo" post just some 12 months ago to the current debacle......you know Nick, you really should have taken the deal.:ugh:
Nick LEACH funded cash to HeavyLift Cargo Airlines to buy OZ Jet the entire company , routes, AOC, aircraft , paid the debt and all will truck on . The HeavyLift guys will help turn the ship ( OZ Jet ) around. There maybe new equipment like QCs which will help lower costs for both operators. HVY can now add a couple of B757QC or B737-300 QCs to fly domestic so the cargo guys ( HeavyLift ) can fly domestic freight when the pax guys ( OZ Jet ) are sleeping at night. The HVY International and outsized operation will remain. There is a long term deal with Solomons and pax traffic rights coming for Noumea and PNG all current HeavyLift ports. All ten aircraft 6 HVY and 4 OZ are owned nil debt or loans beats a leased operator all day long. HVY have extensive ground equipment and engineering and many new jobs will be advertised next Friday including Engineers and Engineering managers, tech crew B737 and B727, cabin crew , station managers etc. HVY have plenty ( $$$ ) and play hardball for keeps, so the carriers and people whom spoke ill about OZ Jet prior to the purchase may want to pull their heads in going forward now it has a big brother |
If nothing signed and no money for essential staff to attend work, it's an Own goal for OzJet-HeavyLift. Free kick to Alliance. Game is in overtime until noon today.
Strategic team will need another few months in training before playing at AOC level. |
Unless Strategic were to assume liability for the total debts of OzJet - which appears most unlikely - it would need a creditor's deed of arrangement for Strategic to acquire only the company and it's AOC, for whatever is the going price for an AOC.
Technically it is possible; historically I don't recall any similar schemes getting up. If that scheme is proposed, staff should consider they probably have a significant voting block by numbers and should consider maximisation of payment of their entitlements as their first and only priority. If no scheme is proposed which would financially benefit staff, the Administrator must be directed to further investigate the share holder's alleged secured debt; distinct possibility the company knowingly traded insolvent and any financial transactions which occurred after the company became insolvent, including any transactions of a preferential nature. |
'......whatever is the going price for an AOC'.
Today - about a million or two. Tomorrow, priceless - as in worthless. |
AOC Extraction ex Administration
Giday Torres-
Was not the YC one extracted ex Administration (without the total liability going with it)??, via/with the backing of the major (secured) Financial Creditors- who's voting power of course exceeded the general creditors via dollar value. Rgds 28- BE |
Can someone explain to a simple line pilot what the benefits are of buying an existing AOC (if you could get it without any company debt) for a different aircraft type and adding the new type, over starting from scratch?
Just from what I've heard, the cost is going to be about the same, so is it that it might be a couple of months quicker (assuming it's done right the first time)? |
......buying an existing AOC (if you could get it without any company debt) |
Ok, if you don't want to call it "buying" an AOC, then let's call it acquiring a company that has an AOC, and ditching everything you don't want and replacing it with what you do want. Same same...:ugh:
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Growler, the benefits of buying a basket case like Ozjet would only be strategic in nature; pardon the pun. To keep someone else out of something that could be profitable in the future. Maybe contracts coming up with a couple of mining companies and a government department which all need air transport to remote locations? Some locations being surrounded by ocean? Some locations being close to a long runway under RAAF control?
But from all accounts the opportunity to do that is now gone. Thanks to old Nick. |
buy Ozjet you have to buy Ozjet's debt.there would have to be some pro's as gas chamber has alluded to but i don't think there are?i heard the Ozjet was tushed up by Stoddart to sell to Heavilift who thought they could get the AOC (Ozjets) to replace the Sierra Leone one.all turned to ****e now the whole thing's one big mess. pity cause Ozjet was doing Ok in the ad hoc charter game.
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good one guys
Capn Bloggs cheers mate:ok:
grrowler & gas-chamber thanks for making perfect sense.:ok: I can't believe this topic has gone on for so long & still ppl are arguing about "buying AOC's":ugh: 3 holer said You cannot buy an AOC! As is evidenced by the initial sale of Ozjet to Heavy Lift, when that went through did Ozjet have to stop flying & re-apply for their AOC? Not to mention other changes of ownership in recent history like Ansett to Air New Zealand then subsequently the failed Tesna bid, Virgin to Patricks then subsequently to Toll, Macair when it was sold to Byrt & Co, Pelair & Airlink to Rex, NJS to Cobham etc etc. |
So NL stuffs the offer around and ends up with zip.
Seems a real bright move. Maybe he want to buy the carcass back!! |
Section28- BE
Yes, I forget about that one. You are correct - the company, Flight West Airlines Pty Ltd, was acquired with an AOC and assets. But the circumstances were very different. The company was not insolvent and was able to pay it's debts. Frankly, creating Flight West Airlines is part of my life I'd sooner forget. It's descendant is not a monument to the wonderfully dedicated and professional men and women, pilots, engineer and staff that built the original airline. An AOC is a piece of paper with no real value. It may be varied or withdrawn at CASA's pleasure. For Strategic to buy OzJet (comapny and thus AOC) and change it to meet Strategic's purpose, operations, aircraft type and operational staff would be akin to buying a Holden Kingswood and converting it, bit by bit, to a Ford Falcon V8. There are those who believe, probably quite correctly, that acquiring an existing AOC avoids the gross incompetence and procrastination of CASA's intransigent, bloated and egotistical bureaucracy. And that definitely is worth something! :ok: |
Yes, I forget about that one. You are correct - the company, Flight West Airlines Pty Ltd, was acquired with an AOC and assets. But the circumstances were very different. The company was not insolvent and was able to pay it's debts. |
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