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-   -   Government Loan to Virgin Australia (https://www.pprune.org/australia-new-zealand-pacific/631164-government-loan-virgin-australia.html)

AerialPerspective 8th Apr 2020 14:49


Originally Posted by Cessna Jockey (Post 10743833)
Correct....starting with commonwealth bank and Qantas, arguably companies with plenty of competition in the private sector.

I think you’ll find monopolies like Sydney Airport Corp have Liberal fingerprints all over it. But I could be wrong.

And for the record, I’ve voted AGAINST both sides over the years and dislike them all. Sorry for the politics.

Commonwealth Bank and Qantas yes, part of Telstra also... but not for ideological reasons, in fact the opposite. They just did what the Liberals had been rabbiting on about for decades but never had the guts to do.

lucille 8th Apr 2020 20:12

Sell that totally useless, money incinerating ABC and use the funds to prop up VA. The difference in work ethic, culture and broad custom satisfaction is palpable.

Slezy9 8th Apr 2020 20:19


Originally Posted by lucille (Post 10744140)
Sell that totally useless, money incinerating ABC and use the funds to prop up VA. The difference in work ethic, culture and broad custom satisfaction is palpable.

Who exactly would would want to buy the ABC? Seems like your being a little unfair on the ABC workforce? Do you know each of them personally?

directimped 8th Apr 2020 20:32


Originally Posted by lucille (Post 10744140)
Sell that totally useless, money incinerating ABC and use the funds to prop up VA. The difference in work ethic, culture and broad custom satisfaction is palpable.


Wow.....

Clearly you don't watch ABC programming. Clearly you don't live in a bushfire/natural disaster prone area. Selling a priceless public asset that benefits millions of people to prop up a failing airline would have to be one of the worst ideas I have ever heard in my entire life.

​​​

dr dre 8th Apr 2020 23:19


Originally Posted by directimped (Post 10744159)

Wow.....

Clearly you don't watch ABC programming. Clearly you don't live in a bushfire/natural disaster prone area. Selling a priceless public asset that benefits millions of people to prop up a failing airline would have to be one of the worst ideas I have ever heard in my entire life.

​​​

It’s hillarious how those who loathe the ABC with a passion (as the media they consume tells them to) almost certainly don’t watch it. It’s telling how two of the ABC’s biggest critics (The Australian and Sky News) went down to a skeleton staff over the Xmas/NYE bushfire period and provided almost no useful help.

Want to save taxpayer dollars to save aviation jobs? Maybe cancel some of the handouts and cushy contracts awarded to those loss making News Ltd entities from the current federal government no one seems to talk about.....


das Uber Soldat 9th Apr 2020 00:21


Originally Posted by dr dre (Post 10744285)
It’s hillarious how those who loathe the ABC with a passion (as the media they consume tells them to) almost certainly don’t watch it. It’s telling how two of the ABC’s biggest critics (The Australian and Sky News) went down to a skeleton staff over the Xmas/NYE bushfire period and provided almost no useful help.

Want to save taxpayer dollars to save aviation jobs? Maybe cancel some of the handouts and cushy contracts awarded to those loss making News Ltd entities from the current federal government no one seems to talk about.....

And what, the people who criticize fox news watch it religiously do they?

Criticism of news organisations that don't share ones political beliefs is hardly the domain of any political persuasion.

B772 9th Apr 2020 01:46

No mention of the Labor Victorian Government being broke due to the activities of the VEDC (Victorian Economic Development Corporation) and the Tricontinental Merchant Bank which almost brought down the State Bank of Victoria. The Federal Labor Government then rescued the Victorian Labor Government with the Commonwealth Bank taking over the State Bank of Victoria. Due to skeletons in the closet the Labor Federal Government were then forced to sell the Commonwealth Bank. Paul Keating announced the sale of CSL in 1993 (listed on ASX in 1994) ) to raise more funds for the Labor Government to reduce the deficit.

With our surplus budget now going to an expected deficit of 1 Trillion Dollars we are at risk of becoming a Banana Republic. If our coal and mineral exports collapse our dollar will collapse. If anyone thinks VA will be bailed out, lent money or any other assistance they are in fairy land. There will be more important institutions/companies requiring assistance in the coming months.

mattyj 9th Apr 2020 01:50

News organizations shouldn’t have any discernible political beliefs..they’re there to report news, not influence it. Anything like that should be firmly labeled as editorial or opinion

Buster Hyman 9th Apr 2020 02:40


Originally Posted by mattyj (Post 10744351)
News organizations shouldn’t have any discernible political beliefs..they’re there to report news, not influence it. Anything like that should be firmly labeled as editorial or opinion

Exactly. Stopped buying Newspapers years ago for this very reason. I will look at Fairfax news sites & then the News sites & try to figure out where the balance is. As for TV news, I watch the work experience kids on ABC News 24 for a laugh, but generally rely on SBS to avoid seeing Football matters being the lead story! (Love the Footy, but after the "news" thanks)

morno 9th Apr 2020 03:06

And this has what to do with Virgin being broke?

Blueskymine 9th Apr 2020 03:19

I’d hate to say it because I really really want virgin to hang around. I’ve got plenty of friends there.

However Jetstar will be Australia’s second airline if it all goes belly up (Virgin). The ACCC will mandate QF split it and that’ll be that.

Perhaps scoot or the like will jump in and pry it away under government direction.

Having said that - I think virgin will still be here. Once we are through this little hurdle, it’ll all come back with a vengeance.

Buster Hyman 9th Apr 2020 03:26


Originally Posted by morno (Post 10744396)
And this has what to do with Virgin being broke?

About as much as this post.

VH-ABC 9th Apr 2020 04:45


Originally Posted by Blueskymine (Post 10744401)
I’d hate to say it because I really really want virgin to hang around. I’ve got plenty of friends there.

However Jetstar will be Australia’s second airline if it all goes belly up (Virgin). The ACCC will mandate QF split it and that’ll be that.

Perhaps scoot or the like will jump in and pry it away under government direction.

Having said that - I think virgin will still be here. Once we are through this little hurdle, it’ll all come back with a vengeance.


you covered pretty much the entire board there bud!

morno 9th Apr 2020 04:56


Originally Posted by Buster Hyman (Post 10744404)
About as much as this post.

Of course you’d reply when I’m asking what your rant about media bias has to do with the topic at hand :rolleyes:. Keep fetching those papers grandpa

C441 9th Apr 2020 05:38

[QUOTE=wheels_down;10743652]

Originally Posted by ampclamp (Post 10743585)
He didn’t say those words exactly. It’s more how you think it was to be interpreted, in your words. It was neither confirm or denial you could draw many strings from that.

Here ya go. You can listen word for word:
ABC Radio Paul Scurrah.

Buster Hyman 9th Apr 2020 05:46


Originally Posted by morno (Post 10744438)
Of course you’d reply when I’m asking what your rant about media bias has to do with the topic at hand :rolleyes:. Keep fetching those papers grandpa

Yet you're the one that doesn't get. Time to find a new dummy.

Tommy Bahama 9th Apr 2020 06:08

[QUOTE=C441;10744450]

Originally Posted by wheels_down (Post 10743652)
Here ya go. You can listen word for word:
ABC Radio Paul Scurrah.

Scurrah sounds desperate. Getting the 1.4B might be one thing just wait till you have to pay it back with the Government looking at the books....now that ain't going to be pretty.

morno 9th Apr 2020 06:13

And now Virgin announces that they’re stopping ALL domestic flights bar one return SYD-MEL.

If that’s not a company in desperation I don’t know what is.

Icarus2001 9th Apr 2020 06:14

"Just about every government in the world is supporting their airlines..." and so is the the Australian government.

How much has the UK government lent to BA or Virgin Atlantic?

Icarus2001 9th Apr 2020 06:18


And now Virgin announces that they’re stopping ALL domestic flights bar one return SYD-MEL on a Saturday.
Err the opposite of that I believe.
Every day EXCEPT Saturday.

https://www.executivetraveller.com/n...dney-melbourne

They mean RPT I guess? FIFO still operating through VARA?

DanV2 9th Apr 2020 06:23

https://www.executivetraveller.com/n...dney-melbourne

VA axes what remains of the domestic network except for a single SYD-MEL service. This leaves only the single SYD-MEL service and the charters as the operating flights in the VA network.

Are we witnessing the death knell of VAH?

smiling monkey 9th Apr 2020 07:45


Originally Posted by Icarus2001 (Post 10744470)
Err the opposite of that I believe.
Every day EXCEPT Saturday.

https://www.executivetraveller.com/n...dney-melbourne

They mean RPT I guess? FIFO still operating through VARA?

If Virgin goes under, can VARA survive on its own or will Virgin take VARA down with it?

34R 9th Apr 2020 08:10

VARA is Virgin

Blueskymine 9th Apr 2020 08:15


Originally Posted by 34R (Post 10744539)
VARA is Virgin

VARA is Skywest. Seperate AOC.

The cats arse will be back. The fokker 50s ferried back in from whoever, wherever, and they’ll roll on again. Like last time.

34R 9th Apr 2020 08:20


Originally Posted by Blueskymine (Post 10744542)
VARA is Skywest. Seperate AOC.

The cats arse will be back. The fokker 50s ferried back in from whoever, wherever, and they’ll roll on again. Like last time.


Hope you're right....... What was the AOC status for VANZ and Tiger?
Genuine question

neville_nobody 9th Apr 2020 08:23

If VARA have their own AOC there is a chance it could be resuscitated and sold off.

machtuk 9th Apr 2020 08:26

RIP VA, the little leprechaun will be very pleased!

DanV2 9th Apr 2020 08:33

Skywest and Hazelton/Kendall (now REX), which were all on separate AOCs from mainline AN's AOC, was sold off and restarted when AN collapsed.

VA regional is using the Skywest AOC. So it'll likely be the same case if VA was to file voluntary administration shortly, Skywest (VA Regional) would be restarted through the existing VARA AOC as soon as it's possible after administration.

normanton 9th Apr 2020 08:46

Minus the Virgin name, so Branson who didn't come to the rescue can't make his 10%.

-41 9th Apr 2020 08:49

a standalone VARA would be easily destroyed by AJ.

Sunfish 9th Apr 2020 08:52

So we get left with ******* Qantas. Here comes $1000 Melbourne Sydney flights and $3000 economy to Europe. All to keep a bunch of cosseted prima donnas in Sydney. Get rid of Qantas. They are a bunch of parasites.

Bankstown 9th Apr 2020 08:52


Originally Posted by neville_nobody (Post 10744546)
If VARA have their own AOC there is a chance it could be resuscitated and sold off.

The AOC is separate:
Holder Name:
VIRGIN AUSTRALIA REGIONAL AIRLINES PTY LTD
Town/City:
WELSHPOOL
State:
WA
AOC Holder Country:
Australia
Type of AOC:
Australian
CASA Office:
Western Region
Operations:
Aircraft Charter, RPT
AOC Application Status:
Issued
Issue Date:
27/09/2019
Expiry Date:
30/09/2022

-41 9th Apr 2020 09:00

She'll be right QQ will buy the mainline 73 AOC 😂 minus the Branson baggage

ABP 9th Apr 2020 09:15


Originally Posted by DanV2 (Post 10744473)
https://www.executivetraveller.com/n...dney-melbourne

VA axes what remains of the domestic network except for a single SYD-MEL service. This leaves only the single SYD-MEL service and the charters as the operating flights in the VA network.

Are we witnessing the death knell of VAH?

Qantas about to announce 1B737, 1A230 and 1DH8 operation too.

normanton 9th Apr 2020 09:26


Originally Posted by Sunfish (Post 10744575)
So we get left with ******* Qantas. Here comes $1000 Melbourne Sydney flights and $3000 economy to Europe. All to keep a bunch of cosseted prima donnas in Sydney. Get rid of Qantas. They are a bunch of parasites.

Sunfish you are a parasite yourself.

Colonel_Klink 9th Apr 2020 10:05


Originally Posted by morno (Post 10744467)
And now Virgin announces that they’re stopping ALL domestic flights bar one return SYD-MEL.

If that’s not a company in desperation I don’t know what is.

You have states closing down their borders - absolutely no one is flying.

Have you been to an airport recently? I have:
Melbourne - was empty with hardly any cars driving from the Tulla up to departures or arrivals.
Sydney - we taxied for 34L (as they were only using one runway) and there wasn’t a single arrival or departure the whole time, and we were the only ones taxiing.
Gold Coast - we were the only RPT flight for the day

In case you haven’t realised, the country is in lockdown. What’s the point in flying empty aircraft around? I’m not sure what loads on QF (I would be genuinely interested to know) are like, but they are very very low on VA.

And as the poster above said, QF aren’t far from doing a similar thing. To be honest, I’m glad VA got in first with this - I would hate to know how much money is being spent flying around empty planes.

Sunfish 9th Apr 2020 10:47

My interest is the development of the australian economy.

‘It is axiomatic that this requires Australian companies to be outward looking and internationally competitive to grow and prosper for the benefit of the Australian economy. To be clear, that term benefit means investment, international sales through competitiveness and resulting jobs and prosperity.

To achieve the above requires seamless and efficient international travel capability, inbound and outbound, from Australia.

Qantas does not provide anything like a service that supports the rest of the Australian economy.

To put that another way, your ‘30,000” jobs are at the expense of maybe 500,000++ Australian jobs because you act as a gatekeeper or parasite, preventing fast seamless access for Australian business to the rest of the world. In addition, your international services are biased towards Sydney which gives NSW a larger share of inbound investment than it warrants.

You and your management are quite capable of strangling any economic recovery post Covid - 19. Therefore it would be better for Australia to either nationalize you or let you go to the wall so that we can have true unfettered competition.

To put that another way, Qantas monopoly is a disaster for the Australian economy.

Nothing personal. You are just an economic pest.

dr dre 9th Apr 2020 10:56


Originally Posted by Colonel_Klink (Post 10744660)
And as the poster above said, QF aren’t far from doing a similar thing. To be honest, I’m glad VA got in first with this - I would hate to know how much money is being spent flying around empty planes.

QF basically have already.

Loads are low on all airlines but there are goods and people that still need to be moved intercity by air quickly, they can’t wait for the long times that road transport takes in Australia. Freight, mail, organ transplants, compassionate travel, transfer of key critical health, emergency and government personnel. A lot of trade is now being done online and by order instead of in stores, lots of that goes by air and the current freight only fleet isn’t big enough to carry it all, there’ll need to keep some pax aircraft airborne transporting a lot of that freight so they might as well sell some tickets. There is only a skeleton network operating, but the government will need to subsidise that bare skeleton network for critical issues. It actually wouldn’t cost too much for a few months as it’d be no more than a one or a few flights per day between cities.

The airlines will also need to keep some pilots current or when the lockdowns are lifted and 5 million Australians want to travel and visit their family and friends all over the country again (in China as soon as the lockdowns were lifted people flocked everywhere) and get the economy back on track there won’t be enough current pilots to fly them all suddenly.

cloudsurfng 9th Apr 2020 11:04


Originally Posted by Sunfish (Post 10744687)
My interest is the development of the australian economy.

‘It is axiomatic that this requires Australian companies to be outward looking and internationally competitive to grow and prosper for the benefit of the Australian economy. To be clear, that term benefit means investment, international sales through competitiveness and resulting jobs and prosperity.

To achieve the above requires seamless and efficient international travel capability, inbound and outbound, from Australia.

Qantas does not provide anything like a service that supports the rest of the Australian economy.

To put that another way, your ‘30,000” jobs are at the expense of maybe 500,000++ Australian jobs because you act as a gatekeeper or parasite, preventing fast seamless access for Australian business to the rest of the world. In addition, your international services are biased towards Sydney which gives NSW a larger share of inbound investment than it warrants.

You and your management are quite capable of strangling any economic recovery post Covid - 19. Therefore it would be better for Australia to either nationalize you or let you go to the wall so that we can have true unfettered competition.

To put that another way, Qantas monopoly is a disaster for the Australian economy.

Nothing personal. You are just an economic pest.

this is a brilliant post. Long enough to print out and use as toilet paper.

SandyPalms 9th Apr 2020 11:23


Originally Posted by Sunfish (Post 10744687)
My interest is the development of the australian economy.

‘It is axiomatic that this requires Australian companies to be outward looking and internationally competitive to grow and prosper for the benefit of the Australian economy. To be clear, that term benefit means investment, international sales through competitiveness and resulting jobs and prosperity.

To achieve the above requires seamless and efficient international travel capability, inbound and outbound, from Australia.

Qantas does not provide anything like a service that supports the rest of the Australian economy.

To put that another way, your ‘30,000” jobs are at the expense of maybe 500,000++ Australian jobs because you act as a gatekeeper or parasite, preventing fast seamless access for Australian business to the rest of the world. In addition, your international services are biased towards Sydney which gives NSW a larger share of inbound investment than it warrants.

You and your management are quite capable of strangling any economic recovery post Covid - 19. Therefore it would be better for Australia to either nationalize you or let you go to the wall so that we can have true unfettered competition.

To put that another way, Qantas monopoly is a disaster for the Australian economy.

Nothing personal. You are just an economic pest.

axiomatic? Been a while mate, welcome back.


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