...and you can't prove that they are heavily subsidised! Who is subsidising them? Not the Toowoomba Council.

Yeah I don't think that particular council would need to give subsidies because they only own the older Toowoomba City Airport which is strictly GA. But even if a council does subsidise an airline to provide services that's hardly a crime.

Only last week it came out in the ongoing defamation case Wagners v Jones that one of Jones' claims was that the Wagners had bribed Qantas, specifically Alan Joyce, to provide services to their new airport. Wagners denied that any subsidy or incentive was provided to Qantas. Put whatever spin you like on that but commercial incentives exist throughout business and commerce and would rarely fall within the scope of bribery.

In the case of any regional airport trying to attract an airline to service a particular route there would rarely be more than one operator even interested in the route. Who else apart from JetGo is interested in the proposed Karatha service or was interested in their Illawarra services? Who else apart from Air North was interested in Wellcamp/Melbourne? I don't think Qantas faced much, if any, competition to get Wellcamp/Sydney and Rex, the only other current operator there is flying government subsidised routes. If there are to be incentives, so be it because sadly that is part of the price of having regional air services.

Here's the link. It's behind a paywall but if you have a sub to any of the other NewsCorp tabloids eg Herald Sun, Daily Tele, Advertiser, Mercury it should be accessible.

Category: | The Courier Mail

Otherwise, can you copy and paste the article for those without access?

Brisbane-based JetGo hits financial turbulence

Glen Norris, The Courier-Mail

May 29, 2018 8:55pm

Subscriber only

JET NO GO? WE hope the old joke that to make a million bucks from an airline you start with $10 million doesn’t apply to Brisbane regional carrier JETGO. Chief executive Jason Ryder sent an email to staff last week warning them the carrier was facing increasingly tough financial times. JETGO runs scheduled flights to Townsville, Rockhampton, Dubbo, Wagga Wagga and other regional centres.But it has been experiencing a crash crunch due to unexpected maintenance costs and a key Japanese private equity firm not proceeding with a planned investment. JETGO appointed corporate advisers The Investment Collective to run the ruler over the business with a view to presenting a proposal to a group of new investors.JETGO managing director airlines Paul Bredereck tells your diarist that times are challenging but there is a plan to move forward. He says the company has cut its Brisbane-Tamworth route, saving about $70,000 a month, while there are now reduced services on other routes including to the Gold Coast. JETGO, which operates a fleet of five Embraer regional airliners, employs about 105 people and last year flew about 100,000 passengers.Bredereck says the carrier’s point-to-point service is popular with parents wanting to send their unattended children to visit their grandparents in regional centres because there is no need to change planes in Sydney and other major centres. JETGO also has been popular with regional folk wanting to attend medical appointments in Brisbane.The carrier was founded in 2011 by Ryder and Aaron Mulder, both experienced pilots. City Beat spies tell us the carrier provides a pretty nice service at a reasonable cost so let’s hope the needed cash is forthcoming. Running an airline can be a brutal business.

Accompanying Courier Mail Illustration of Jason Ryder by Brett Lethbridge.
The Archibald Prize beckons…..

Survival
 

WHats the verdict? You think they going to make it?

I think they will hang on as usual, but I wouldn't be buying a ticket on them tomorrow.

But it has been experiencing a crash crunch due to unexpected maintenance costs -

What unexpected costs other than invoices?

and a key Japanese private equity firm not proceeding with a planned investment -

investment is a key word!


JETGO appointed corporate advisers The Investment Collective to run the ruler over the business with a view to presenting a proposal to a group of new investors.

An interesting measurement of gaining investment.


JETGO managing director airlines Paul Bredereck tells your diarist that times are challenging but there is a plan to move forward. He says the company has cut its Brisbane-Tamworth route, saving about $70,000 a month, while there are now reduced services on other routes including to the Gold Coast.

Seems if all services are cut the most savings will be made.


JETGO, which operates a fleet of five Embraer regional airliners,

FACT CHECK required!


employs about 105 people and last year flew about 100,000 passengers.

employs 105 certainly not full time.


Bredereck says the carrier’s point-to-point service is popular with parents wanting to send their unattended children to visit their grandparents in regional centres because there is no need to change planes in Sydney and other major centres.

One hell of a mark plan sponsored by British paints!


JETGO also has been popular with regional folk wanting to attend medical appointments in Brisbane.

With stiff competition from the RFDS for free.

The carrier was founded in 2011 by Ryder and Aaron Mulder, both experienced pilots. City Beat spies tell us the carrier provides a pretty nice service at a reasonable cost so let’s hope the needed cash is forthcoming. Running an airline can be a brutal business.

Lets hope they do, but if not -

not leave others out of pocket - but that just a dream.

Sounds pretty ordinary so I thought i'd just leave this link here for employees in the event the proverbial hits the fan very shortly.

www.jobs.gov.au/fair-entitlements-guarantee-feg.

You will be able to claim: your unpaid wages—up to 13 weeks, your unpaid annual leave and long service leave, payment in lieu of notice—up to five weeks, redundancy pay—up to four weeks per full year of service.

Once appointed generally the insolvency firm will point you in the right direction once they've ensured they will be paid :*.

Let's hope everybody gets their fair suck of the sav

DCT BALLS

What's this all about?

is it just me or has the whole booking engine and all links related to it disappeared from the JETGO website. An old google cached link to it takes you straight to a 404 Page?

That is a breach of copyright - posting a link is not.

Voluntary administration, still conducting 'limited charter', but no more RPT. (Jetgo FB page).