Which kinda needs to happen. Why keep the problem? Why keep the same people who made it so complicated, now tasked to simplify things. Righto, that's a recipe for success isn't it....
The same people who sponsored and wasted millions on failed checkin systems The same people who failed two crew management systems The same people who introduced 170/190 fleet then removed it, copy paste for ATR & 330. The systemtic issue with the Business is, its being run by the snag club who have no corporate experience (or tertiary education) and only know how to run a 737 or simple business. So when the complexities came, the vendors came with products, they quickly accepted the inflated price of services they were offering. I feel sorry for the FltDeck if anything. You're the ones who have spent decades and money getting to where you are today, only to find it being truly underestimated by the boys club who only know what they want to know. |
Originally Posted by Buster Hyman
(Post 10795249)
I clearly don't know the rules around this but, with that scenario in mind, could a new owner buy the TT AOC & set up, then VA goes into receivership?
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Originally Posted by On eyre
(Post 10795282)
You can’t just buy an AOC but you can buy an organisation (read company) holding an AOC but you then have to deal with the Administrators of the company.
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Originally Posted by Ragnor
(Post 10795163)
That might work out alright really. Aviation is not going to be busy until next yr the individual governments are dragging their heals soon no one will have money to travel. New VA in 12 months might work out better because QF and JQ will be in that position this time next yr.
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So, if they were going to sell off TT (AOC), it would've had to have been done prior to Administration? |
Originally Posted by neville_nobody
(Post 10795316)
No it could be sold tomorrow if the Administrator so desired. They won't because the last thing they need is more competition.
Considering that TT was operating as a separate structure under VAH, the debts that were accumulated in the books under TT will be transferred to the 'new owner' of TT's AOC if an interested party was to 'buy' the TT AOC. |
Buying Tiger complete with all its debts and liabilities might just be the simplest and cheapest way to get a ready made airline complete with approved' personnel. crews, infrastructure, aircraft and an exsisting route network.
It would certainly be cheaper and less traumatic than buying Virgin and trying to resurrect and reconfigure what is basically a hollow carcass. CC |
Buying Tiger complete with all its debts and liabilities might just be the simplest and cheapest way to get a ready made airline complete with approved' personnel. crews, infrastructure, aircraft |
There is only one small problem, they made 220 Tiger pilots redundant back in April. I guess they can re-employ them. Then do they use A320 or B737? Which sim centre do they use for re validations etc |
Originally Posted by Icarus2001
(Post 10795333)
There is only one small problem, they made 220 Tiger pilots redundant back in April. I guess they can re-employ them. Then do they use A320 or B737? Which sim centre do they use for re validations etc
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Originally Posted by neville_nobody
(Post 10795316)
No it could be sold tomorrow if the Administrator so desired. They won't because the last thing they need is more competition.
Originally Posted by 2020Balance
(Post 10795412)
Suprise Suprise. They conveniently got through the new single AOC just before they made the “Difficult Decision” to drop the TT and Vainz guys under the bus. The union guys who are all senior VA were happy to sit back and watch while preserving their own asses
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Originally Posted by Buster Hyman
(Post 10795640)
Thanks. I was trying to understand if they could siphon off TT for a quick sale, regardless of what that would mean long time. Unlikely for sure, but just getting my head around the process.
So, it's all moot? The TT AOC was merged was it? (Am I reading that right?) |
Originally Posted by 2020Balance
(Post 10795412)
Suprise Suprise. They conveniently got through the new single AOC just before they made the “Difficult Decision” to drop the TT and Vainz guys under the bus. The union guys who are all senior VA were happy to sit back and watch while preserving their own asses
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Yes. However Vaa crew can now operate former TT and Vai flying if and when they ever operate again. Primarily the reason why they were all made redundant. Good luck to the few at the top of the GDOJ at the end of the bargain basement process.
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Originally Posted by 2020Balance
(Post 10795732)
Yes. However Vaa crew can now operate former TT and Vai flying if and when they ever operate again. Primarily the reason why they were all made redundant. Good luck to the few at the top of the GDOJ at the end of the bargain basement process.
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If TT was sold off and the TT crew were employed, would transmission of business apply?
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It is a moot point, there is no way they would sell off TT and associated AOC as it would then make Virgin totally worthless. The new company would start with far less debt so why would anyone then want to purchase VA.
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Out of interest, how much would TT's AOC be worth? Are we talking millions of dollars worth?
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Originally Posted by VH DSJ
(Post 10796301)
Out of interest, how much would TT's AOC be worth? Are we talking millions of dollars worth?
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Originally Posted by Climb150
(Post 10796319)
I think Virgin picked it up for $1. Must only be worth 50 cents now.
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