TAAE about to bite dust?
 

TAAE are in serious financial trouble and it is rumoureed that Tuesday is "D" day for them.

Pelair and NatJet are both looking to pick up the pieces so here's hoping there aren't a bunch more guys and girls looking for jobs.

Only took 8 months!! So much for financial viability tests.

"Hero's"
 

IF they go down, it just goes to show any Airline that wants to survive shouldn't employ "Hero's" to manage/run them.

QF take note! :E

TAAE? :confused:

Hmmm...so, I take it, the A310 will not be coming then????

So Pelair and Natjet can shift 10 to 20 tons a lift? I don't think so. Gonna have to look further afield than that.

Shouldn't be a major problem "Dale Harris" as the Contractee's being AAE are 50% ea. owned by Aust Post and Qantas.

Qantas have been bleating about downturns due to SARS, Iraq War etc etc, I would imagine they would have a few idle 767's and plenty of belly space to shift ample amount of tonnage overnight.

:ok: :ok:

leftfrontside

Well done, that's about the quickest offthread response possible. Not to mention the obvious lack of industry understanding or knowledge demonstrated in both you posts thus far.

Don't forget your Clearasil

Ding:yuk:

good try d_concord (aka **** ******). TAAE is in good shape except the ex Ansett guys that joined want the same conditions as they had with Ansett and it won't happen. hence EBA negotiations have stalled, five pilots have joined Virgin and the usual bullsh!t rumours abound.
Buster, the A310 is still on schedule, only problem is there may not be any Perth pilots left to crew it.:{ :{

dingo - will be on leave from CX in November. back in Perth on the 2nd see you at the OBH Sunday session then !!

Perhaps when discussing remuneration, it may be prudent to refer to the Pilots’ (General Aviation) Award 1984, as amended, found here, for B727 salaries and allowances, and bear in mind that the salaries and class / qualification allowances cannot be negotiated downwards in any EBA negotiation.

Observe then the current pay structure at this operator, and bear in mind that claims can be retrospective.

The potential payouts here would give financial problems to any operator.



(not) dreamin'

Good to hear TSI. The last thing the local industry needs is another casualty!

Lefty, read my post. The words "Pelair" and "Natjet" give it away.......... I am quite sure QF WON'T let AaE fall down in any substantial way.

You're right "DH" read into your post QF.

As 50% shareholders they will not let AaE falter but my sources tell me that "d_concord" is on the ball TAAE is about to go, which apart from some slight inconvenience would not be a great problem to QF

:ok:

...........and so...it's Tuesday
...any news?????????

TAAE is a subsidary company of Trans World. according to my sources here in HK trans world needs an injection of capital yesterday. looks like TAAE will be put on the market sooner than planned to raise the funds. whether the new owners will go with the A310 who knows (sorry Buster, only found this out today!) but the 727s will be around for a while yet.:cool:

I hope they are not hoping to raise anything out of TAAE!

I've heard that the problem is a large 7 or possibly an 8 digit number. They have been trying to find a buyer/investor for quite sometime and everyone has walked away so far.

As someone else has indicated, AAE can't let the operation stop completely as the 727 operation is now too large a part of the network. Hence the reason for seeing if NJ or Pelair can operate it. I'm betting on NJ myself.

Must be some red faces in AAE though for the original choice they made.

Someone today said to me that the only thing they were surprised about was that it took 8 months.

Rudder, you only have to look at AN to see that nothing has protection from being stopped because it is too large!:(

So..........

Today was payday, Guys and Gals.


Aside from the administrative memo confirming the 'situation', did anyone get anything?




(let's hope you're not) ..... dreamin'

Hi Buster,

I'm not suggesting that CASA can't or won't move on TAAE if there is something wrong, and I'm not suggesting that their operations aren't OK. From what I know they have some pretty good people in that area that have been trying to do the right thing..

There is always a chance that CASA can move just on the basis of financial viability as someone else hinted at.

What I suggested was that AAE would have to kick in some money to keep it afloat and operating to protect thier network at least in the short term.

Like always there will be people hurt here whether it's staff, contractors or suppliers and that has a ripple effect through the industry and it's not particularly something that is needed at the moment.

Maybe a foreign entity might be interested. It must still be a money earner. DHL maybe?


Regards
sheep:p

Hi Rudder.

Therein lies the dangers of a rumour network, especially when CASA probably use it to target their next airline!:mad:

Lets hope AAE do support it & keep it going as you suggest, rather than use the QF way!!