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Originally Posted by PoppaJo
(Post 10404557)
Tiger getting newer 737s now? Say whaaat! |
Depends on what your lease costs are. Bit hard to run an lcc with doubled lease costs. |
Originally Posted by porch monkey
(Post 10404622)
Depends on what your lease costs are. Bit hard to run an lcc with doubled lease costs. |
Originally Posted by davidclarke
(Post 10404689)
Show me a successful LCC running old aircraft? |
Were is the evidence that the aircraft moving to TT are '15 years old'? One would suspect that the transfer plan would leverage the youngest out of the mix, with the oldest to be returned to lessors or sold as the MAX's arrive?
There is obviously economic benefits by leveraging a single type for the group that supports not just engineering, but training and other support provisions. Tiger is small, and will not become the behemoth like Jetstar - so it makes sense for the small operator to take advantage of group scale and economies to optimise profitability. |
Originally Posted by T-Vasis
(Post 10405238)
[font="arial"]Were is the evidence that the aircraft moving to TT are '15 years old'? One would suspect that the transfer plan would leverage the youngest out of the mix, with the oldest to be returned to lessors or sold as the MAX's arrive?
VOY 14.7yrs VUB 14.5yrs VUD 14.4yrs YVA 7.7yrs |
Originally Posted by MonsterC01
(Post 10404739)
SouthWest ring any bells! |
All those carriers have large fleets and can substitute or funnel people around the network with very little in the way of delay. It’s less forgiving at Tiger, with a fleet of older aircraft it’s no secret the engineering problems are elevated, and one or two aircraft down, be it hours of days, is 10% of the network! |
Which is exactly the same issue tiger has always had. And will continue to do so regardless of A/c type or age. Fleet size and capacity are the drivers for making up flights on cancellation and tech issues. |
Originally Posted by porch monkey
(Post 10405343)
Which is exactly the same issue tiger has always had. And will continue to do so regardless of A/c type or age. Fleet size and capacity are the drivers for making up flights on cancellation and tech issues. |
Originally Posted by T-Vasis
(Post 10405238)
There is obviously economic benefits by leveraging a single type for the group that supports not just engineering, but training and other support provisions.
https://cimg0.ibsrv.net/gimg/pprune....ac8d5b5a95.jpg |
VNB has left Tiger this week for VARA. The rest of the Tiger fleet are later build with newer Airbus upgrades that carry larger lease bills so probably won’t transfer as like Network they only seem to take on the $hitboxes. |
I would think that this is just related to lease arrangements. It makes sense to get the LCC cASK down as low as possibe, and give the higher yielding regional airline the 320's.
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Show me a successful LCC running old aircraft? Started out with old classics and then grew from there. Tiger has just been a cluster f@#k and throwing some newer aircraft at it won’t make an ounce of difference! |
Originally Posted by The Bullwinkle
(Post 10405545)
Ummm..... Ever heard of Virgin Blue? Started out with old classics and then grew from there. Tiger has just been a cluster f@#k and throwing some newer aircraft at it won’t make an ounce of difference! |
Originally Posted by WillieTheWimp
(Post 10406166)
Ummm...In the past 5 years alone Virgin has lost 1 billion. Since it's ASX IPO in 2003 share price has gone from upwards of $2 to now being worth $0.20. Shareholders receiving perhaps a handful of dividends since its listing. Debt/equity ratio well in excess of 200%.
Tiger is without a doubt a total cluster f@#k but don't kid yourself about Virgin being successful. Actually if we’re going to get specific the Virgin Blue / Virgin Australia 737 operation has always made money. The B737 has always been an accountants aircraft. And the VO, VB, VU aircraft which have been the backbone of the Virgin fleet for the last 15 years have always been the most reliable. In fact I think the most issues I have now days would be with the newer SFP 737’s. If you don’t stuff around with them cutting holes in the roof and adding wifi/electric everything to them their dispatch reliability is something like 99%. Thats why I have to laugh when good old Merrin starts mouthing off about wanting the newer ones course they’re more reliable. I suppose this is the aviation guru that told a meeting of VARA management when they were meeting to discuss what to do with the aging Fokker fleet to,”just go and buy more of them”. Who says you need experience in aviation to run an airline! �� The only danger facing Tiger if they get the dirt cheap leases on the older B737’s is that they might actually make a profit. |
Virgin Blue / Virgin Australia 737 operation has always made money. |
It is worth noting that Tigerair is (at least at the half-way point) profitable at an EBITDA level. Accelerated depreciation rates are what sunk the numbers which are non-cash impacts. Even with the $12m fuel and FX impact - TT would have reported a small operating profit. |
Ummm...In the past 5 years alone Virgin has lost 1 billion. We haven’t been either Virgin Blue OR profitable in the last 5 years! |
Whilst VA's interest cover and financial leverage are not good at all - it is profitable. With free cashflow in the $m's.
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