Originally Posted by Bonegi1
(Post 9700259)
I suspect t_cas is from the village and if he is he won't admit it. Pprune gets monitored and 'nice' posts are manufactured to protect the brand.
Yet again an alternate point of view potentially at odds with your own and the author is accused of being some form of management... |
Yet again an alternate point of view potentially at odds with your own and the author is accused of being some form of management... |
The capital injection you are referring occurred as new shares issued. That's my point exactly. He used that capital injection to pay down debt, but is claiming that the paying down of the debt has been a result of normal business. If he was able to pay down debt from normal cashflow then, in the absence of a serious downturn, it would stand to reason that he would be able to continue to pay down similar amounts of debt going forward without having to resort to more capital raising. I won't be holding my breath. |
Originally Posted by virginexcess
(Post 9700327)
That's my point exactly. He used that capital injection to pay down debt, but is claiming that the paying down of the debt has been a result of normal business. If he was able to pay down debt from normal cashflow then, in the absence of a serious downturn, it would stand to reason that he would be able to continue to pay down similar amounts of debt going forward without having to resort to more capital raising. I won't be holding my breath.
|
Originally Posted by The Bullwinkle
(Post 9700301)
I guess he only made that comment because you would never hear anything like that coming from any of the frontline staff, the actual workers! (Greasy pole climbers excluded)
Not an office dweller. I also try to be a realist. |
I could be wrong but my understanding is that some if not all of the money that came from the shareholders (Etihad last minute) was used to get rid of the very high interest US debt. So there is still money "owed" (possibly the same amount) but less to external institutions. Anyway, as I said, pretty fair chance it's a great deal more complex than that.
I guess people don't understand and thus feel anxious with bills to pay. Hoping for the best. |
Originally Posted by The Bullwinkle
(Post 9700058)
I'm starting to think this is a standard QANTAS strategy.
Send Gary Toomey to Ansett, that gets rid of them. Send Borghetti to Virgin. Looks like they're going the same way! |
Wherever they got the money, it's certainly not from their operations - oh look unlevered free cash flow had been negative for the last 5 financial years.
http://i.imgur.com/9x9unfG.png in MM AUD That's not the whole story. JB also managed to turn a c. $5.6 billion company to a $2 billion one in the span of 10 years! That's not accounting for inflation! http://i.imgur.com/ZYLwds4.png |
Whilst I have no experience in this what so ever, when did JB join virgin?
2007/8 somewhere and they were worth not much at the time Every CEO is lumbered with previous CEO's past choices. Think 380/lack of 777. In virgins case EMB. I agree he has not made many good decisions but he didn't turn a 5.6 B$ company into the one it is today. AJ didn't turn QF around either. 400m$ is the fuel price,,250m$ is less interest on the massive right down. You can float any figures to prove your point, every company does it all the time. Read through the figures and you'll realise airlines are a crap investment. I just hope they last us all long enough for a good retirement |
Every CEO is lumbered with previous CEO's past choices. Think 380/lack of 777. In virgins case EMB. JB was the one who introduced A330's and it's been a total cluster f@&k since day one, and cost millions and millions of dollars. He's also responsible for the lowest level of staff engagement in the history of the airline. It was bad under Godfrey; he's taken it to a completely new low! |
All white 737 parked up in Melbourne?
|
VH-VOR which was one of the VAI tiger 737s been re-configured into virgin config to operate some virgin services before being sent back to tiger at a later date...:ugh:
|
Is there any truth in the yarn that a number of people Qantas didn't want ("let go") are now doing JB's bidding at VA?
|
Early 2010 Aussie FO.
|
Of course, Ken, but you knew that right? Fishing?
|
For a million dollars a year, I guess they'll do whatever they're told!
|
Originally Posted by The Bullwinkle
(Post 9701356)
I'll call bull**** on this one.
JB was the one who introduced A330's and it's been a total cluster f@&k since day one, and cost millions and millions of dollars. He's also responsible for the lowest level of staff engagement in the history of the airline. It was bad under Godfrey; he's taken it to a completely new low! |
Aussie FO, the decision to purchase the ejet was the right one at the time, and in my opinion, still is. Which by default makes the decision to remove them no so clever.
There is a definite place for a 100 seat jet in our market, QF cant get enough 717's and the crews and punters love the Embraer. The investment has been made in getting engineering and crew up to speed on the airframe, the training facilities are all here and we are throwing it away. We will now fly 176 seat jets with 76 punters on them on some routes, at a loss, to "rationalise" the fleet. Yes there is a place for sensible fleet rationalisation, but I suspect this isn't it. The ATR's were a huge mistake. I would think that keeping the ejet until the e2 came along, then pass the "classic" ejet to vara and replace the f100 would have been a smart move. Do all the training here, leverage off 10 years of operating the Embraer, happy crews who were flying it, happy punters, inflight wifi ife, etc etc etc. the 6 170's could and did do what the ATR's were leased for, and let's face it, give the travelling public the choice of a jet or turboprop, frequent flyer points aside, they would pick the jet nearly every time. In the widebody world, both the 777 and the 330 are spectacular aeroplanes, but perhaps the better option was to and grab some of the whitetail "terrible teens" 787-8 which are (or were at the time) parked up at everett and use them with a common crew across the 777 group. The terrible teens were heavy and didn't meet performance guarantees but were cheap and had the necessary capability to do transcontinental and Asia. |
Interesting points, Charma.
I have often wondered how the VA Embraer CASK's compared to the QLink Q400's. My assumption was that the Q400's were probably cheaper but VA had the advantage of the "Jet appeal". I've never paxed on an Embraer so I don't know how internal comfort actually compares. As to how the Embraers compare to the B717 operation is another interesting one. Especially given that the B717 operation is fully outsourced (on a deal apparently "too good to refuse"). I have paxed quite often on the B717's and they are very appealing from a passenger point of view (quiet and spacious). But costs aside, it is quite probable that the big advantage QF has in this regional market is simply the frequent flyer program (hence loyalty), which probably drives up yields for QF that VA can't compete with. If true, VA may have been better off in the long run as a single type low-cast carrier, code-sharing with foreign airlines and Rex. Jetstar's bread and butter has relied almost entirely upon it's A320 fleet (I don't think JQ's experiments with other types such as A330/B787 and Dash-8's in NZ have made any money yet). I recall when JQ tried A330's trans-continental for a short period - didn't work for them. |
Flypelican and Velocity have just signed a deal. This could perhaps lead to a closer relationship between VA and Flypelican and give VA access to other regional centres in NSW.
FlyPelican - Earn Points with Velocity |
All times are GMT. The time now is 20:45. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.