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

Lasiorhinus 30th May 2014 07:34


Vincent Aviation Saabs ferrying to Townsville | Australian Aviation

It’s regrettable that another regional airline has gone into receivership, however as the national carrier we will help the community where we can,” QantasLink CEO John Gissing said in a statement. “We understand how important access to air transport is to regional Australia, especially for medical and business purposes.”
Has anyone told AJ yet? And come to think of it, there's a pattern here of airlines managed by people called Alan/Allan giving themselves payrises while the company burns around them.

thorn bird 30th May 2014 09:10

Well John,
if your senior management had have supported the "Industry" instead of your own self centered agenda, maybe, just maybe, CAsA may have been checked. Its eventually going to come back and bite you on the ass, but by then there will be no GA left to back you up.

yr right 30th May 2014 09:50

Think Broome air services had there 1900 with them as well

Toodogs 30th May 2014 14:01

If any of the Vincent pilots are interested, Skytrans will be hiring 3x First Officers for their Cairns base, starting mid July. :ok:

Eastwest Loco 30th May 2014 15:06

Qantaslink on white charger is riding in to save stranded passengers on some NSW routes with "rescue fares".

Anyone with fares booked through a credit card can of course go to the card company and reject the charge due to non delivery of goods/service as happened when Ansett fell over.

QF Industry release follows.

Best all EWL

Qantas today announced it will provide special relief airfares for customers impacted by Vincent Aviation going into receivership.

QantasLink CEO John Gissing said the airline would do what it could do assist impacted customers.

“It’s regrettable that another regional airline has gone into receivership, however as the national carrier we will help the community where we can,” Mr Gissing said.

“Effective immediately, discounted relief airfares will be offered to customers who hold a valid Vincent Aviation ticket between Narrabri and Sydney.

"We understand how important access to air transport is to regional Australia, especially for medical and business purposes.

Vincent Aviation customers in Narrabri who currently hold a valid ticket will be able to book a discounted relief airfare from QantasLink’s closest ports, Moree ($96 one way) and Tamworth ($82 one way).

Impacted customers can access the relief airfares via the Qantas Contact Centres on 13 13 13 or at Qantas Airport Sales Desks.

Following the collapse of Brindabella Airlines in December 2013, Qantas immediately offered discounted relief airfares for impacted customers.

Background:

Vincent Aviation went to receivership on 28 May 2014
Vincent Aviation took over the Narrabri – Sydney route following the collapse of Brindabella Airlines in December 2013

manymak 30th May 2014 22:40

Oh no. Toodogs you've mentioned the S word! Now we shall await the thread drift from cactus!:uhoh:

XPT 31st May 2014 01:36

this is just free advertising for QF link, filling aircraft, which would otherwise have empty seats.


Big discounts ? Probably less than $1.

Cactusjack 31st May 2014 02:16


Oh no. Toodogs you've mentioned the S word! Now we shall await the thread drift from cactus!
'S Word?'. Too many to choose from-
Savaloy?
Symbiotic?
Septuplets?
Sled?
Semen?

Trojan1981 31st May 2014 03:21

I spent quite a bit of time on Vincent's 146 and SAABs last year, supervising charter contracts. Peter was pushing hard for more and more, offering rock bottom, market penetration prices while the broker made substantial profits. I knew little about the smaller NT operations in recent times (I was there when they flew into Suai though) but Peter was pushing hard for higher utilization of the 146 and Saabs on the east coast. Peter struck me as a genuine guy, but I think that relying on brokers to do your bidding, while flying in crew from NZ and offering limbo-low prices was completely unsustainable. We have too many players fighting over minuscule profits, while being hampered at every turn by glacial, inflexible regulation and ripped off by sharks who have no interest in the future of the industry.

I wish all the retrenched crews the best of luck for the future.

Skystar320 31st May 2014 04:23

But they had good secure contracts for the B1900C/D aircraft so surely there would have been a positive cash flow?

If he was aiming for higher utilization of the Saab's why did he buy x 4 in the first place?

Wouldn't it be wise to start off with one or two then expanding?

Eastwest Loco 31st May 2014 07:04

XPT - the fare levels are in there and do not mention "subject to availability" and they are at better than good levels.

Yes - they may be on a predatory marketing jag, but it is very positive for disrupted passengers.

After all the Airline has burst and they don't need to be nice and could just say internally to the passengers "Go pound wet sand up your arse and serves you right!

Regards

EWL

mattyj 31st May 2014 21:04

Apparently the Saabs were going to supplement or surpass the 1900 on many routes at the same basic cost however that was based on NZ/FAA regs and because of an absurd CASA rule regarding the span of the main gear ratio to the strip width which I've long forgotten being back in the real world again..theres only a couple of places they can go in the NT with them..so that was a fizzer..good luck to the crews..tough place to make ends meet in Darwin..weeks rent in an apartment was the GDP of a pacific island nation and Vincent's pay wasn't exactly "industry best"

PLovett 1st Jun 2014 00:11

I noticed in Friday's "Australian Financial Review" an advertisement by the receiver for the company.

I presume that is the company shell, no aircraft but it seemed to suggest that it included the AOC. I thought that the AOC was automatically revoked in such cases - am I mistaken?

HeSaidWhat 1st Jun 2014 00:34

My understanding is that it is not 'revoked' but instead put in a 'holding pattern', of sorts until operations are ready to be started again. If there are changes to key post holders etc then it is back to square one for a number of the AOC elements.

Flying Mechanic 1st Jun 2014 03:16

How about the 1900's up in Myanmar?

LPS500 1st Jun 2014 05:56


because of an absurd CASA rule regarding the span of the main gear ratio to the strip width
:= Perhaps you look at NZ CAA Part 121 Appendix C.1 for your absurd rule :ugh:

terminus mos 1st Jun 2014 08:50

Sad for all the staff at Vincent. Until recently, they were not a bad outfit.

On a positive note, rumour is that there might be a ground staff job or two advertised on Seek in the next week or so for experienced check in or dispatch type people on a contract basis initially.

BNEA320 2nd Jun 2014 00:12

all fares are always subject to availability

Radix 4th Jun 2014 09:39

Vincent in receivership !!!
 
.............

TBM-Legend 4th Jun 2014 11:57

....who saw this coming???

The creditors...:uhoh:

Oktas8 4th Jun 2014 12:24


Perhaps you look at NZ CAA Part 121 Appendix C.1 for your absurd rule
I don't think B1900s or S340s are Part 121...

Part 125, if memory serves. Less restrictive than the big boys, but still more regulated than low capacity GA.

Easy to overlook that kind of detail when moving from a more progressive country to a less progressive one. :E

4 Holer 4th Jun 2014 14:37

FYI Part 135 is small aircraft Part 125 is Private/commercial like a baseball team with their own airplane six customers per year.

LeadSled 4th Jun 2014 15:10

4 Holer,
You are mixing up NZ Part 125 and FAR 125. Please get your facts straight before you stick it to somebody.
Have you noticed how Australia is going to handle this --- by regulating light aircraft charter almost per NZ Part 125, even though we are going to call it Part 135. And speaking of taxiways, CASR Part 135 aerodrome standards, alone, will eliminate most rural light aircraft charter as we have known it.


Civil Aviation Rules Part 125 CAA Consolidation
1 April 2014 2 CAA of NZ
DESCRIPTION
Part 125 prescribes the operating requirements for air operations conducted
by a holder of an Airline Air Operator Certificate issued in accordance with
Part 119 using an aeroplane that has—
(1) a passenger seating configuration of 10 to 30 seats; or
(2) a payload capacity of 3410 kg or less and a MCTOW of greater
than 5700 kg; or
(3) a single engine and is carrying passengers under IFR.
Tootle pip!!

waren9 4th Jun 2014 15:17

saabs are 121 aircraft in nz.

casa has been known to issue narrow rwy ops exemptions before.

XPT 8th Jun 2014 03:27

sounds like Vincent OZ might have been a bit like Ansett, in that the Kiwis ripped as much out as they could before letting the Australian operation fall over.


It must be almost impossible chasing money over international borders.

Radix 8th Jun 2014 05:24

............

Chocks Away 8th Jun 2014 06:31

Not quite XPT... the smart-money with Centre-Bet is on the fact that brokers used, tried to "cream too much" from the operations, given BF put out at a very cheap rate in order to get work for their aircraft.

yr right 8th Jun 2014 06:32

It was widely known around darwin for about 8 weeks before the end.

mattyj 11th Jun 2014 08:26

1900D's are hard to run a profit on. Just when everything has been going along swimmingly for a few months, an unexpected hot section, or a planned undercarriage overhaul comes up and 6 months profits go down the toilet. Hawker/Beech/Textron/Uncletomcobillee or whatever they're called are making noises about getting their parts/service section sorted out. It's been a long, expensive time coming. Even the well run, professional 1900 operation in New Zealand has fallen foul of the parent company and is on shaky ground. Apparently, AirNZ Central thought they were going to make them a tidy profit...silly!

TBM-Legend 11th Jun 2014 11:00

SAAB 340 not much dearer to run than a 1900D

Blueskymine 11th Jun 2014 13:29

Every operator who operates the 1900D goes broke in Australia.

Lovely pilots aeroplane.

dhavillandpilot 11th Jun 2014 14:08

Why is it every arm chair pilot on this forum is such an expert on the economics of running aircraft.

My guess is very few have ever owned anything bigger than a Cherrokee.

Speaking as one that has owned(be it with a large loan) aircraft the equivalent of the SAAB the formulae is very simple.

To make money on any aircraft doing less than 1000 hours per year, you need to have low capital or leasing cost. I can tell you the punters cannot tell if the aircraft has 10k or 2k hours, just so long as the presentation is up to scratch and the payments low.

When you get to around the 2000 hours per year then you can afford newer aircraft.

This parameter gets better the higher the utilisation hours.

My guess is that Vincent's were in the never never land of around 1400 to 1600 per year with high lease payments. The only people making money were the aircraft leasing company, and they were paid up front and held a deposit against default.

gaunty 11th Jun 2014 14:10

So why is this all CASA's fault or B1900 or Phfreds Whizbag 123.

2 + 2 ALWAYS = 4.

You can finangle the figures anyway you like.

You can play with "market penetration" until you're blue in the face.

You can even be a self proclaimed CASA Reg guru, but if the numbers don't work, the numbers don't work.

They didn't 2 or 3 years ago, its just amazing they lasted this long.

Pilots should be banned from the financial operating of aviation enterprises.

LeadSled 11th Jun 2014 14:41


casa has been known to issue narrow rwy ops exemptions before.
Folks,

By the hundreds, mostly for high capacity RPT. Great idea, adopt ICAO rules (after decades of using the US rules) then issue hundreds of concessions, because the ICAO SARPs knock out so many aerodromes to the RPT fleet.

Tootle pip!!

PS:

Pilots should be banned from the financial operating of aviation enterprises.
Gaunty.
Certainly pilots like you --- cast your mind back!!

mattyj 20th Oct 2014 18:48

..well!? This rumour network thing is working a bit slow this week...?

waren9 20th Oct 2014 20:38

mate told me a couple weeks ago, it was all about a couple of weeks away.

seems he might be right? :(

mattyj 20th Oct 2014 21:29

How ironic..being put into receivership by a crook and a thief who deserves to be in jail himself

c100driver 21st Oct 2014 00:39

NZ Herald this morning
 

Only two months ago, the council approved a last minute bid by the airline to start a passenger link between Masterton and Auckland - replacing the defunct Eagle Air service - and turning down a proposal by rival airline Air Chathams in the process.

The decision to back the Vincent Aviation bid came after the airline's managing director, Peter Vincent, spoke to all councillors at a closed door meeting and despite knowing that Vincent Aviation's Australian arm had gone into receivership.

Now, ANCL Investments Ltd has filed an application in the High Court at Wellington to liquidate the airline.

Failure by Vincent Aviation to start the service would be the latest in a long line of on-off attempts to sustain a successful passenger air service from Masterton.
A bird in the hand?

BNEA320 21st Oct 2014 03:19

Air Chathams Convair 580 (50 seaters)?


If Vincent NZ wound up, surely it wouldn't be that difficult to start again from scratch.


There are still 2 x Saab 340B's parked at TSV up for sale or lease.

Aerozepplin 21st Oct 2014 20:33

Chathams were going to use their metro.


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