PPRuNe Forums

PPRuNe Forums (https://www.pprune.org/)
-   Australia, New Zealand & the Pacific (https://www.pprune.org/australia-new-zealand-pacific-90/)
-   -   Virgin 3.1 (https://www.pprune.org/australia-new-zealand-pacific/640283-virgin-3-1-a.html)

Paragraph377 6th May 2021 05:32

Virgin 3.1
 
The Australian Securities and Investments Commission has reveal for the first time the full scale of the airlineís strife before it was rescued - a $3.1bn loss in the year ending June 30, 2020, and it is carrying an ongoing debt of $1.2 bn.

Under the leadership of Borghetti and then ĎScuzí, the airline was dead in the water and COVID banged the final nail in its coffin. So as much as people hate Bain and Mrs Jayne, without the two of them there would be no Virgin Australia at all, and in turn there would literally be no pilots, cabin crew and other Human Resources that make an airline possible.

My fear is that with current rumours being that International flying wonít resume until 2022, and that is very possible considering this pandemic is now in its 16th month, what is the Government going to do to ensure all of our domestic airlines stay alive??

kingRB 6th May 2021 06:18


Originally Posted by Paragraph377 (Post 11039513)
what is the Government going to do to ensure all of our domestic airlines stay alive??

They're not worried about that - kick that can down the road, just like the budget - someone elses problem in the future. The current plan is keep city lockdowns going when they get 1 or 2 cases of covid

PoppaJo 6th May 2021 06:34

https://www.google.com.au/amp/s/aust...rm-merger/amp/

greenslopes 6th May 2021 10:09

Virgin Australia chief executive Jayne Hrdlicka says she’s prepared to wear the financial pain of ultra low airfares of $39 between key destinations like Sydney and Melbourne for an extended period to ensure passenger volumes rebuild.

“The pain of it for the first two or three, to get the next twenty-five, you know it works,” she said at a hotels conference in Adelaide on Thursday.

“We need to get the volume back in the industry,” she said.
https://static.ffx.io/images/$zoom_0...216bc48e07e1c9Virgin CEO Jayne Hrdlicka with the backdrop of Adelaide Oval. Ben Searcy

“Whatever the price it’s going to take to get people back in the air that’s what we’re going to support for a while,” she told the AHICE conference.

But there would be a point where those extremely low fares ended, and fares costing $79, $99 or $115 became more prevalent.

Anti Skid On 6th May 2021 11:59


Originally Posted by kingRB (Post 11039537)
They're not worried about that - kick that can down the road, just like the budget - someone elses problem in the future. The current plan is keep city lockdowns going when they get 1 or 2 cases of covid

Each to their own I suppose; I am just happy I am living in a country where public health is taken seriously and not somewhere like India. The bottom line is both NZ and Australia are both significantly better off than countries that didn't implement appropriate measures and had their economies destroyed. I've been out for dinner with the missus this evening, I can do that because of those measures, Try saying that in the USA, UK, mainland Europe, etc....

Double_Clutch 6th May 2021 12:31

HR essential to running an airline.... bwahhhhaaaaa!

Servo 6th May 2021 13:11

I'm sure she is happy selling $39 airfares when the majority of her pilots are on 50% pay, but expected to be available 100%.

Doesn't mention that in the article.

havick 6th May 2021 14:05


Originally Posted by Anti Skid On (Post 11039716)
Each to their own I suppose; I am just happy I am living in a country where public health is taken seriously and not somewhere like India. The bottom line is both NZ and Australia are both significantly better off than countries that didn't implement appropriate measures and had their economies destroyed. I've been out for dinner with the missus this evening, I can do that because of those measures, Try saying that in the USA, UK, mainland Europe, etc....

Iíve been out for dinner the entire time in the USA.

KRUSTY 34 6th May 2021 21:45


Originally Posted by Servo (Post 11039777)
I'm sure she is happy selling $39 airfares when the majority of her pilots are on 50% pay, but expected to be available 100%.

Doesn't mention that in the article.

I thought the pilots remain on their previous EBA T&Cís until such time they certify a new agreement?

Servo 6th May 2021 21:55


Originally Posted by KRUSTY 34 (Post 11040033)
I thought the pilots remain on their previous EBA T&Cís until such time they certify a new agreement?

Nope. Currently stood down, stood up, stood down again. Pilots gave her and exec team benefit of the doubt and helped with an MOU to allow flexibility during ramp up. The company keeps extending the MOU, which allows phases of pay. Most are on 50%.

Wizofoz 6th May 2021 22:18


Originally Posted by havick (Post 11039814)
Iíve been out for dinner the entire time in the USA.

And 500 000+ of your countrymen are taking a dirt-nap as a result...

On Guard 6th May 2021 23:00


Originally Posted by Servo (Post 11040035)
Nope. Currently stood down, stood up, stood down again. Pilots gave her and exec team benefit of the doubt and helped with an MOU to allow flexibility during ramp up. The company keeps extending the MOU, which allows phases of pay. Most are on 50%.

Iíd kill for that opportunity- Just to have a chance at reemployment. Appreciate what you have, there are many who have nothing. I got chopped and currently have no prospects for years despite 12 at Virgin. Working Min wage and going backwards.

KRUSTY 34 6th May 2021 23:35

SERVO, I suppose there will come a time when the schedule will stabilize to a new norm. Once that occurs, as unpalatable as it may be, those on the bottom of the seniority list may have to face redundancy. If that doesn’t happen, then the practice of rolling stand ups/stand downs will only serve to severely disrupt the lives of all VA pilots.

Maybe that’s what management wants?

Clipster 6th May 2021 23:39

Iím sorry to hear it On Guard. The pilots who lost their jobs at Virgin and Tiger deserved better. I know thereís a lot of hard luck stories in aviation at the moment and I really feel for all the pilots out of work.

DanV2 7th May 2021 02:09

Speaking of former VA management. Former VA board member, former EY CEO and BFF of John Borghetti; James Hogan busted for violating mandatory quarantine in the UK.

https://simpleflying.com/etihad-ceo-uk-quarantine/

Superman1 7th May 2021 04:06

What happened to all the A330 and B777 crew? Did they get let go when the fleet did or are they being dragged along?

Agent_86 7th May 2021 04:09


Originally Posted by Superman1 (Post 11040118)
What happened to all the A330 and B777 crew? Did they get let go when the fleet did or are they being dragged along?

Unfortunately they are all gawn AFIAK...

1A_Please 7th May 2021 04:23


Originally Posted by Superman1 (Post 11040118)
What happened to all the A330 and B777 crew? Did they get let go when the fleet did or are they being dragged along?

The A332s were all returned to lessors and the crews made redundant. Likewise for the 777 crew though I heard that it is possible for them to return to VA in the future if they are happy to join short-haul crew.

Of the 5 77Ws, one was leased (VH-VOZ) and this plane has been returned to lessor. The other 4 were owned and remain parked. I'm unsure who actually owns these planes now as they were encumbered so it is possible they are now owned by the banks that lent money to pre-administration VA and who took the 777s as security. Either way, the market for pre-owned 77Ws is dire so they probably won't be flying for anyone anytime soon.

LostWanderer 7th May 2021 04:48


Originally Posted by Superman1 (Post 11040118)
What happened to all the A330 and B777 crew? Did they get let go when the fleet did or are they being dragged along?

I believe someone made a post recently suggesting a number of these former 330/777 crew have been forced to head North looking for GA work in Darwin and out bush given there is not much hiring likely to be going on in this part of the world for the foreseeable futureÖ
So if it is true or not I have no idea but do hope they find their way back to a job again soon.

There also appears to be one heck of a list of boys and girls trying to get back in the game from VANZ, Tiger and others unfortunately who all were shafted as well. I personally know a handful who havenít touched a plane in a damn long time now, not for lack of trying their butts off.

WillieTheWimp 7th May 2021 04:57

Everyone from Tigerair, VANZ, ATR, A330 and 777 were made redundant. Probably about 700-800 pilots. Some have found jobs, most have not.


All times are GMT. The time now is 09:10.


Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.