You want to use videos on you tube to assess the financial viability of a company? Really

How have they survived for five years then?

Sad to see rumours calling their financial viability into question. Such rumours are usually self fulfilling prophecies.

Jetgo does have FIFO contracts which I would hope keeps cash flow stable enough to continue trading.

I guess history has a play on the vibe.

Successful flying companies in Australia are rare, successful RPT airlines in Australia even rarer.

World wide it is tough doing well with an airline, Australia with higher costs and CAsA even tougher.

Many charter companies and airlines have gone bust in Australia, and when that happens they owe lots of money to many creditors including staff.

I have no idea of Jetgo's financial position and if they are trading insolvent or not but chances are there is a lot of money owed to staff (as in holiday pay/wages), maintenance facilities, parts suppliers, fuel suppliers, airports and other required creditors. If Jetgo do shut shop and repeat history the money owed to many small operators can be enough to break them. Have a thought for say a pilot that took on a job after paying for a type rating as in a previous post.

So while I hope they do well and prosper. I also wish that if they can not, that they don't bring everyone they can gain credit from down with them.

The visual indicators are not that of roses.

Airlines that ask a new pilot to fork out for a rating, hotel etc on no pay until type rated are only tightening the noose around their own neck. Sure you might save 50K in the short term but long term you're losing 100K plus, as the employee will leave at the first opportunity. Sometimes even after only 6 months. The flow on effect on the bottom dollar is enormous.

Whilst I agree with the thrust of your argument that a "good" company will look after and invest in their employees, I cannot agree with your maths.

Up until recently there has been a steady available supply of people willing to pay for their type rating. That supply is drying up as the pool of pilots gets smaller. (Ref: CASA annual report) That being said how does a pilot leaving after six months cost the company $100K if they have paid for their type rating?

For me the real issue is places like Air North who cannot get people to fly their Metro aircraft so have them parked. That really costs money.

Can you explain how you came up with $100K cost of a plot leaving if the replacement pilot pays for their type rating as well?

[QUOTE=Icarus2001;10146194

For me the real issue is places like Air North who cannot get people to fly their Metro aircraft so have them parked. That really costs money.
/QUOTE]

A couple of years ago it was not a big problem, however the new Brist-oh? regime have a unique (OK, not that unique in aviation) business model. Perversely, they believe that they are actually improving their cashflow by not paying the contracted captain in a timely fashion. The problem of parked Metros (and now the two grounded, engineless, E-jets) is self induced.

Yes of course. New pilot finishes type rating. Employer now pays for travel and accomodation to Europe for company conversion, again for the cyclic in 6 months, employee on full salary, uniform, etc. The company now is also repaying the type rating loan back. Next comes the inefficient utilisation of the asset whilst company ground courses are completed and these cost money and line training. Now the newish pilot leaves for Virgin or Qantas as they never intended to be loyal to the company as the company wasn't to them, and the cycle repeats. The issue now is this short minded inefficient business practice leaves big gaps between recruiting and training a new pilot and as these aircraft sit on the ground with noone to fly them, the company loses money and the customer. 100K was a ball park based on my 35 years plus in industry involved in these studies worldwide. Usually it costs the company more.
'Treat Your People Well, and They Will Run The Company For You'. Yes a quote from Branson and this is right on the money :ok:

Could this be correct about Air North?

Also where are the experts who stated that JetGo, which is the thread, have aircraft parked sans engines??

They have expensive ballast which, by spending $$$$$$$$, may be used as engines again. Continuing maintenance is expensive, but so is the alternative 😉

There's one parked up with Clive Palmers old jets at BN sans engines with the markings covered up. Right near the second jet which hasn't moved since it was delivered a month ago.

Not a good way to run an airline methinks!

How to explain it to the directors and shareholders.....🤔

What was the name of that Truck driving school, Mav? :ouch:

...and your bank, aircraft leasing companies, engine power by the hour RR, customers, airports, fuel company, AirServices and the staff..!

Truckmaster!

Air North have five E170s registered - ANF, ANV, ANT, ANO and SWO. ANT has not flown since 23rd February but the other four have all flown in the last 24 hours so only ANT could possibly be sans engines. It could also be under repair somewhere although nearly three months does seem a long time to be out of service.

It's unclear to me if some people here are actually talking about JetGo, the subject of the thread, or Air North or somehow alleging that both airlines have financial difficulties.