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-   -   Vincent in receivership !!! (https://www.pprune.org/australia-new-zealand-pacific/540583-vincent-receivership.html)

swab 28th May 2014 22:32


Originally Posted by Flying Bear (Post 8496466)

I am aware of at least one pilot who left his (obviously more solid) job to start at Vincent's, moved to Darwin and would have been there all of a week before this happened. Shame, because he was also ex-Brindies, so goes bust twice in six months...

It is ALWAYS sad when a person loses their job. I could have this ALL wrong, I'm thinking of the employer's perspective, though, who invested time, money and aircraft hours training up the ex Brindie pilot only to have him leave a few months later when a "better" offer seemingly presented itself....

Stationair8 28th May 2014 23:07

Are they still flying or is everything parked?

onehitwonder 28th May 2014 23:12

Everything parked? No all aircraft have been ferries out already

Stationair8 28th May 2014 23:34

So who is doing the Jabiru shuttle?

Chocks Away 29th May 2014 00:05

The BAE146 is back in "Welliwood" already, flew back Wednesday while others are in Townsville or heading there for storage.

XPT 29th May 2014 02:37

the 146 was also on NZ register.

couldn't Vincent NZ operate some of OZ ops ?

Apparently avoids casa as they would operate under NZ caa rules. Heard much easier for an NZL airline to operate in OZ, than an OZ airline. crazy but if it avoids casa compliane nonscience, then why do we need casa at all ?

Pseudonymn 29th May 2014 03:13


Originally Posted by swab
It is ALWAYS sad when a person loses their job. I could have this ALL wrong, I'm thinking of the employer's perspective, though, who invested time, money and aircraft hours training up the ex Brindie pilot only to have him leave a few months later when a "better" offer seemingly presented itself....

Quite of few of the ex-Brindies pilots had to get jobs outside of aviation so they could keep paying the bills. I don't know if this particular person was one of them as Flying Bear didn't say if the job they left was aviation-related or not.

Regardless, a shame to see the smaller end of the commercial & RPT sector getting ripped again.

Flying Bear 29th May 2014 06:32

Psuedo,

Swab has it right on the money, the job was a flying job and his inference is correct.

Mhayli 29th May 2014 08:57

All aircraft have not been ferried. There are still 2 1900Cs and a SF34 on the RPT apron at Darwin, as of 1830IK Thursday.

Capt Casper 29th May 2014 09:45

Perhaps they ran out of money getting an AOC [rumour].
What has CASA cost them?
I bet Vincent is not broke - just Vincent Oz!!!

Pseudonymn 29th May 2014 09:46

Thanks for clarifying Flying Bear. :oh:

chimbu warrior 29th May 2014 10:17


Regardless, a shame to see the smaller end of the commercial & RPT sector getting ripped again.
And also proof positive that the regional sector requires very unique management skills. Look at the recent past; Macair, Brindabella and Vincent all built up by individuals who understood the sector. Same businesses were subsequently sold to bigger companies who thought they knew it all, and look at the outcomes.

Hope all staff are able to find alternative employment quickly.

slamer. 29th May 2014 10:23

Vincent Aviation's Australian operation in receivership

7:31 PM Thursday May 29, 2014

http://media.nzherald.co.nz/webconte...02_620x310.jpg

Wellington-based Vincent Aviation's Australian operation has been put in receivership in what the airline says is a bid to shore up its New Zealand business.
Vincent ran a fleet of nine leased aircraft and employed 80 people in Australia where it had set up a subsidiary largely to service the mining industry.
Chief executive Peter Vincent said the company had spent "millions of dollars" on the operation since 2001 but demand had dropped and attempts to find a buyer had failed.
"We've had three prospective purchasers fall through so in the end had no option but to put the Australian arm of the company into receivership. It wasn't forced on us by a bank or anything."
Vincent said some passengers who had paid in cash would become an unsecured creditor but that would be a "very small proportion" of passengers would be affected.

"The business has been running at a loss for some time and it got to the stage where we couldn't continue to prop it up. Trading conditions had become increasingly difficult."
He blamed the slowdown in mining and also high compliance costs.
"We're not the first airline that has failed and won't be the last probably.'
Vincent's Australian operations were based in Darwin and had just been awarded a scheduled passenger route from Sydney to western New South Wales.
In New Zealand the company flies the Life Flight Trust air ambulance, provides charter aircraft for Air New Zealand and private operators.
He said the failure in Australia had put pressure on the business.
"I'd love to say it doesn't but the situation in Australia has put a strain on New Zealand operation for a long time which we're trying to alleviate. We're hopeful that without that loss that the New Zealand company can continue. "
He said the New Zealand operation was profitable.
"It is separate and the reason we've done this is to ensure the continued viability of the New Zealand operation. It's going to take a little while for people to get confidence back in us." Vincent was set up in 1990.

thorn bird 29th May 2014 10:46

The beginning of the end????

or a symptom that the tipping point has been reached.
GA is simply unsustainable under the current regulatory burden.
GA will be all but gone in five years, replaced by heavily subsidized entities like the RFDS to cater for essential services, Kiwiland will cater for flying training, and corporate will go to whichever tax haven offers the most attractive deal. Our domestic airlines will follow, the best thing from all this is CAsA will become irrelevant.

004wercras 29th May 2014 11:17

Thorn bird, and as GA shrinks and industry banks to the right and enters a steep nose down attitude at close proximity to the ground guess what - CAsA will keep growing in power, salaries and rorts to Montreal! I can see it now, in the not so distant future, the CAsA DAS and CFO of the time sitting outside Fort Fumbles Brisbane office in the garden (not during summer as there are snake risks at the building) puffing on cigars as another operator goes bust, another operator gets bullied, another operator gets broken by CAsA's bottomless pit of legal money, and another airports RWY gets shortened so as to accommodate the installation of a McDonalds, duty free complex and ****ty hotel.

Vincent, Aeropelican, Macair etc etc, just airlines, who needs them and who cares!

Aviation? Who needs aviation!

BNEA320 30th May 2014 02:44

think XPT right, in that they operated a NZL registered 146 under NZ CAA rules whih presumeably meant avoid Casa altogether.

On this theme, instead of setting up any airline in OZ, set it up in NZL, but fly in oZ. Seems muCh better way to go.

Skystar320 30th May 2014 03:05

Is it me... or is it a little odd that pretty much all the aircraft have disspeared from Darwin of Vincents so damn quick?

VH-EMK has been returned to lessor Awesome Aviation as of this morning

BNEA320 30th May 2014 03:23

Guess to stop Creditors/former staff "parting them out" with an axe !!!!!!!!!

compressor stall 30th May 2014 03:44


Is it me... or is it a little odd that pretty much all the aircraft have disspeared from Darwin of Vincents so damn quick?
What's odd about that? If you owned the aircraft, would you want it sitting around rusting at a far away airport, or back in your possession trying to lease it out to the next company?

Chocks Away 30th May 2014 03:51

Aircraft update.
:ok:


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