Vincent in receivership !!!
 

apparently Vincent (Australia) have gone into receivership this afternoon.


The rumoured sale must not have gone ahead.


Maybe potential purchaser, will now pick up the healthy bits.

Correct, are there any healthy bits? This is going to hurt a lot of people. I know of two small operators owed just under $100,000 each. How did the NSW government allow them to get awarded routes? Where was the due diligence?

One can only hope that this is a short term hurdle. Aust Aviation can take many more hits.

Looks like a few of the Saab's are being ferried to TSV today.

wow that's quick. Why TSV ? That's where they used to live in a previous life under Macair if not mistaken.

So much for the NSW department of transport carrying out due diligence in granting route licences.

No Cookies | Perth Now


must be old photo

thats a real shame. i hope it doesn't drag down the nz operation and that the aussie guys can find something else again soon.

NZ Ops
 

I was told very recently that the Saab 340 was going to be used on some routes dropped by Eagle Air..and that 3 would be used in NZ..at least now we all know where they are coming from.

You can't make money running 1900s against metros and saabs against Brasilias.

Airnorth hardy and chartair have the topend stitched up.

well, they started with a single f406, so they must've been doing something right at some point.

But Hardy have put there entire Metro Fleet up for sale...

With such a huge fleet and not many contracts, what actually happened? What did they actually do up in Darwin?

Presumably, management would have seen this coming, so can someone explain why less than a month ago they recruited new pilots for the Saab?

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...

Sad, but irresponsible, at least on appearances.

Sad day for everyone up there, it was at least 12 years ago when we finished the Timor operation and decided to get an Aussie AOC and stay up there, seemed a good idea at the time!
I am sure there will be a lot of finger pointing now but just think its another case of a company to big to be small and to small to be big. They are all terminal in this day and age.
Peter has helped so many people get a start over years, hope he can reap the rewards one day.

Peter is long gone. Francis Mining Group from NZ owned it....
A shame for 80 or so folks.
Big $$$$ in the red I'm told.

Recruiting for the terminally ill
 

Hi Bear,

I have a letter here from Ansett recruiting advancing me through to the final stage of recruitment on the 747 fleet.

It is dated Thursday 13 September 2001. :ugh:

[quote]Peter is long gone. Francis Mining Group from NZ owned it....
A shame for 80 or so folks.
Big $$$$ in the red I'm told.[/quote]

Interesting, seeing as I was talking to him not more than a month ago just before he got back in the BAe 146 to go back to Brisbane. :confused:

It sounds like the are another victim of the downturn in mining. They had several contracts for FIFO when I was in Darwin but that is some time ago now. I should add that regional RPT is a fraught game as well.

Yep a real shame. Some good Drivers at Vincent, who now become a part of an ever declining industry. Sad day.

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....

Are they still flying or is everything parked?

Everything parked? No all aircraft have been ferries out already

So who is doing the Jabiru shuttle?

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

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 ?

Psuedo,

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

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

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

Thanks for clarifying Flying Bear. :oh:

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.

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.

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.

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!

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.

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

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

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?

Aircraft update.
:ok: