Hazo & Kendell?
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ABC News Online
Posted: Sun, 23 Jun 2002 7:15 AEST
Deadline talks being held to prevent collapse of Hazelton, Kendell deal
Eleventh hour talks are being conducted by the administrators of Hazelton and Kendell airlines to prevent the collapse of a deal with the preferred bidder for the regional carriers.
The Federal Government has set a Tuesday deadline for Australiawide to finalise the deal to buy both the airlines or lose a $5 million grant and tax exemptions.
The two administrators, Sims Lockwood for Hazelton and Mentha, Korda and Associates for Kendell held talks yesterday and will resume negotiations today to try to finalise the sale before the Government withdraws its support.
The chief executive of Australiawide, Michael Jones has admitted the deal could still collapse.
Posted: Sun, 23 Jun 2002 7:15 AEST
Deadline talks being held to prevent collapse of Hazelton, Kendell deal
Eleventh hour talks are being conducted by the administrators of Hazelton and Kendell airlines to prevent the collapse of a deal with the preferred bidder for the regional carriers.
The Federal Government has set a Tuesday deadline for Australiawide to finalise the deal to buy both the airlines or lose a $5 million grant and tax exemptions.
The two administrators, Sims Lockwood for Hazelton and Mentha, Korda and Associates for Kendell held talks yesterday and will resume negotiations today to try to finalise the sale before the Government withdraws its support.
The chief executive of Australiawide, Michael Jones has admitted the deal could still collapse.
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ABC News Online
Posted: Mon, 24 Jun 2002 7:35 AEST
Kendell, Hazelton sale deadline likely to be extended
The Federal Government's deadline for the sale of Kendell and Hazelton airlines is expected to be extended today.
Last week, Transport Minister John Anderson warned the preferred bidder, Australiawide, unless the deal was finalised by tomorrow, it would withdraw a $5 million grant and tax concessions.
Australiawide and the administrators of Kendell and Hazelton have conducted eleventh-hour talks over the weekend to try to close the deal.
A spokesman for the Australiawide consortium of shareholders, Paul Cubbin, says the Government is willing to provide a temporary reprieve by extending its deadline to Thursday.
"We would like a deal to go through whether it is this deal or whether it is a varied deal really remains to be seen," Mr Cubbin said.
"As I say, we know we can make a viable business out of the two airlines being put together, but it really comes down to how reasonable the Kendell administrators are going to be with us."
A spokesman for Mr Anderson says the administrators of Kendell and Hazelton have not yet sought an extension, but the Government is willing to leave its support on the table until the end of this week.
Posted: Mon, 24 Jun 2002 7:35 AEST
Kendell, Hazelton sale deadline likely to be extended
The Federal Government's deadline for the sale of Kendell and Hazelton airlines is expected to be extended today.
Last week, Transport Minister John Anderson warned the preferred bidder, Australiawide, unless the deal was finalised by tomorrow, it would withdraw a $5 million grant and tax concessions.
Australiawide and the administrators of Kendell and Hazelton have conducted eleventh-hour talks over the weekend to try to close the deal.
A spokesman for the Australiawide consortium of shareholders, Paul Cubbin, says the Government is willing to provide a temporary reprieve by extending its deadline to Thursday.
"We would like a deal to go through whether it is this deal or whether it is a varied deal really remains to be seen," Mr Cubbin said.
"As I say, we know we can make a viable business out of the two airlines being put together, but it really comes down to how reasonable the Kendell administrators are going to be with us."
A spokesman for Mr Anderson says the administrators of Kendell and Hazelton have not yet sought an extension, but the Government is willing to leave its support on the table until the end of this week.
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Sydney Morning Herald
Asset list blocking rural airlines sale, says buyer
By Nick O'Malley
June 24 2002
The sale of the former Ansett's regional airlines is on the verge of a last-minute collapse because the Kendell Airlines administrator has failed to properly prepare the business for sale, it has been claimed.
A major shareholder in the Australiawide consortium seeking to buy and merge Kendell Airlines and Hazelton Airlines, Pawl Cubbin, said the $16 million deal could fall through because Kendell's administrator, Mark Mentha, had not provided an adequate inventory of the airline's assets.
"I don't know if they [the administrator] are trying to pressure us into buying it without knowing the assets, or if they don't know what the assets are themselves," Mr Cubbin said.
The Federal Government has set a deadline of tomorrow for the sale of the airlines. It has threatened to withdraw a suit of $6 million in incentives for the airlines if the sale does not go ahead.
Mr Cubbin, a spokesman for Australiawide, said shareholders were angry but remained keen to proceed.
He said the consortium had had no difficulty accessing asset information from the Hazelton administrator, the accountancy firm Sims Lockwood.
A spokeswoman for the Kendell administration firm, Korda Mentha and Colleagues, said final negotiations with Australiawide were at a delicate stage and she would not discuss details of the sale.
A spokesman for the Minister for Transport and Regional Services, John Anderson, said talks would proceed today. "Anything we can do we will do, but in the end it is a commercial deal."
On Saturday it was reported that officials representing Mr Anderson had met executives from Horizon Airlines to discuss operating services should the sale of the regional services fall through.
Asset list blocking rural airlines sale, says buyer
By Nick O'Malley
June 24 2002
The sale of the former Ansett's regional airlines is on the verge of a last-minute collapse because the Kendell Airlines administrator has failed to properly prepare the business for sale, it has been claimed.
A major shareholder in the Australiawide consortium seeking to buy and merge Kendell Airlines and Hazelton Airlines, Pawl Cubbin, said the $16 million deal could fall through because Kendell's administrator, Mark Mentha, had not provided an adequate inventory of the airline's assets.
"I don't know if they [the administrator] are trying to pressure us into buying it without knowing the assets, or if they don't know what the assets are themselves," Mr Cubbin said.
The Federal Government has set a deadline of tomorrow for the sale of the airlines. It has threatened to withdraw a suit of $6 million in incentives for the airlines if the sale does not go ahead.
Mr Cubbin, a spokesman for Australiawide, said shareholders were angry but remained keen to proceed.
He said the consortium had had no difficulty accessing asset information from the Hazelton administrator, the accountancy firm Sims Lockwood.
A spokeswoman for the Kendell administration firm, Korda Mentha and Colleagues, said final negotiations with Australiawide were at a delicate stage and she would not discuss details of the sale.
A spokesman for the Minister for Transport and Regional Services, John Anderson, said talks would proceed today. "Anything we can do we will do, but in the end it is a commercial deal."
On Saturday it was reported that officials representing Mr Anderson had met executives from Horizon Airlines to discuss operating services should the sale of the regional services fall through.
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ABC News Online
Posted: Mon, 24 Jun 2002 18:47 AEST
Australiawide offered revised contract by administrators
The preferred bidder for Kendell and Hazelton airlines, Australiawide, says the administrators have offered them a revised contract for the deal.
A spokesman for the consortium says they are awaiting delivery of the new contract and will look over the revised terms tonight.
It follows claims earlier today that one of the two administrators was stalling the deal.
Australiawide and the administrators held talks all weekend to try to close the deal by tomorrow, while the Transport Minister, John Anderson, has warned that government assistance of a $5 million grant and tax concessions will be withdrawn.
Posted: Mon, 24 Jun 2002 18:47 AEST
Australiawide offered revised contract by administrators
The preferred bidder for Kendell and Hazelton airlines, Australiawide, says the administrators have offered them a revised contract for the deal.
A spokesman for the consortium says they are awaiting delivery of the new contract and will look over the revised terms tonight.
It follows claims earlier today that one of the two administrators was stalling the deal.
Australiawide and the administrators held talks all weekend to try to close the deal by tomorrow, while the Transport Minister, John Anderson, has warned that government assistance of a $5 million grant and tax concessions will be withdrawn.
Today (Tuesday) is the day to see the colour of Australiawide's money? And if the sale does not proceed what future for Kendell and Hazelton's - liquidation?
And is Inland Marketing sitting on the sidelines, waiting for the inevitable.......
And is Inland Marketing sitting on the sidelines, waiting for the inevitable.......
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Torres old mate,
Were you not sitting on the sidelines making the same noises the day YC was being sold?
" well it's past beer o'clock...." or words to that effect.
Where there is hope there is life, good luck to all at Hazos & Kendells.
Were you not sitting on the sidelines making the same noises the day YC was being sold?
" well it's past beer o'clock...." or words to that effect.
Where there is hope there is life, good luck to all at Hazos & Kendells.
Last edited by dirtylittlefokker; 25th Jun 2002 at 09:09.
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Tues "Canberra Times"
Airline still hopes to make deal deadline
By MONIKA BOOGS
Australiawide Airlines hopes to still meet today's Federal Government deadline to finalise the deal to buy Kendell and Hazelton airlines.
Australiawide spokesman Armon Hicks said last night he was expecting a new and revised contract from the Kendell administrators.
He understood that the contract would be more commercially acceptable to Australiawide and address some of its concerns about the sale.
The deal to buy Kendell and Hazelton was delayed earlier this month.
One of Australiawide's major shareholders said the delays were being caused by the Kendell administrators, Mark Mentha and Mark Korda, as they had failed to provide an asset register.
The Government, frustrated at the delay over the sale, issued a warning last week that the deal needed to be finalised by today or a $5 million grant and other tax exemptions would be lost.
Mr Hicks said discussions had been carried out yesterday with the Kendell administrators and the Government.
Australiawide would examine the contract overnight and if it was acceptable sign it.
"We are committed to this transaction," he said. "We want to buy these airlines. We believe our business plan is sustainable over the long term."
A spokesman for Federal Transport Minister John Anderson said the Government had not yet been asked to extend its deadline.
"If it comes down to it we will look at extending it," he said.
Airline still hopes to make deal deadline
By MONIKA BOOGS
Australiawide Airlines hopes to still meet today's Federal Government deadline to finalise the deal to buy Kendell and Hazelton airlines.
Australiawide spokesman Armon Hicks said last night he was expecting a new and revised contract from the Kendell administrators.
He understood that the contract would be more commercially acceptable to Australiawide and address some of its concerns about the sale.
The deal to buy Kendell and Hazelton was delayed earlier this month.
One of Australiawide's major shareholders said the delays were being caused by the Kendell administrators, Mark Mentha and Mark Korda, as they had failed to provide an asset register.
The Government, frustrated at the delay over the sale, issued a warning last week that the deal needed to be finalised by today or a $5 million grant and other tax exemptions would be lost.
Mr Hicks said discussions had been carried out yesterday with the Kendell administrators and the Government.
Australiawide would examine the contract overnight and if it was acceptable sign it.
"We are committed to this transaction," he said. "We want to buy these airlines. We believe our business plan is sustainable over the long term."
A spokesman for Federal Transport Minister John Anderson said the Government had not yet been asked to extend its deadline.
"If it comes down to it we will look at extending it," he said.
dirtylittlefokker. Yeah, Mate, I am very sceptical as to where the Australian regional airline industry is headed and equally concerned for the future of it's hundreds of great, loyal and dedicated workers, including yourself and Mrs dlf, who have contributed so much to regional airlines for at least the past fifteen years.
I am concerned that regional airlines that have served Australia so well over many decades may fall at bargain basement prices to those who may be incapable of providing the capital, expertise or service expected, particularly by Australia's rural communities.
And I am equally concerned those airlines are being sold off, after being plundered and pillaged by a succession of Official Managers, Receivers and Liquidators under the guise of "fees". The '89ers continually whinge about the Silver Bogey, the Fat Man et al., however those guys were in kindergarten compared to the plundering that happened over the past ten months or so - to the detriment of both staff and creditors.
And of course, what part the "Clayton's" grounding of Ansett by CASA ultimately played in that airline's demise. And the rumour a certain virgin may soon be similarly raped.
And that "Ansett Ticket Tax" - reputedly collecting around $750,000 per day - which the Ansett staff have not yet seen! And will we also see a future "airline staff" tax if the resold regional airlines also fail in the future?
Dirtylittlefokker, you and Mrs dlf are smart enough to realise that what has happened over the past ten months (a year for YC) are not indicative of a healthy Australian airline industry.
I hope I'm wrong - I hope the Australiawide deal goes ahead.
But after Tesna, who knows?
I am concerned that regional airlines that have served Australia so well over many decades may fall at bargain basement prices to those who may be incapable of providing the capital, expertise or service expected, particularly by Australia's rural communities.
And I am equally concerned those airlines are being sold off, after being plundered and pillaged by a succession of Official Managers, Receivers and Liquidators under the guise of "fees". The '89ers continually whinge about the Silver Bogey, the Fat Man et al., however those guys were in kindergarten compared to the plundering that happened over the past ten months or so - to the detriment of both staff and creditors.
And of course, what part the "Clayton's" grounding of Ansett by CASA ultimately played in that airline's demise. And the rumour a certain virgin may soon be similarly raped.
And that "Ansett Ticket Tax" - reputedly collecting around $750,000 per day - which the Ansett staff have not yet seen! And will we also see a future "airline staff" tax if the resold regional airlines also fail in the future?
Dirtylittlefokker, you and Mrs dlf are smart enough to realise that what has happened over the past ten months (a year for YC) are not indicative of a healthy Australian airline industry.
I hope I'm wrong - I hope the Australiawide deal goes ahead.
But after Tesna, who knows?
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Yes Torres, I still wait with baited breath to see the final outcome. But with nothing else around and the "major/s" consolidating without opposition, one has to try and be as positive as possible. Just a bit of a leg pull, don't take it to heart!
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Posted: Tue, 25 Jun 2002 7:35 AEST
Australiawide offered revised contract
The preferred bidder for Kendell and Hazelton airlines, Australiawide, says the administrators have offered them a revised contract for the deal.
Last night, a spokesman for the consortium said they were awaiting delivery of the new contract and planned to look over the revised terms.
It followed claims yesterday that one of the two administrators was stalling the deal.
Australiawide and the administrators held talks all weekend to try and close the deal by today when Transport Minister John Anderson has warned that Government assistance of $5 million and tax concessions will be withdrawn.
Meanwhile, the Australian Seafood Industry Council is warning many operators could be brought to their knees if the sale of Kendell and Hazelton is not finalised within the next few days.
The council's chief executive says the $2.5 billion industry has been under considerable difficulty since the collapse of Ansett, adding the uncertainty is not helping anyone.
Russ Neal says air travel is critical for access to export markets and if a solution is not found quickly the industry will suffer.
Australiawide offered revised contract
The preferred bidder for Kendell and Hazelton airlines, Australiawide, says the administrators have offered them a revised contract for the deal.
Last night, a spokesman for the consortium said they were awaiting delivery of the new contract and planned to look over the revised terms.
It followed claims yesterday that one of the two administrators was stalling the deal.
Australiawide and the administrators held talks all weekend to try and close the deal by today when Transport Minister John Anderson has warned that Government assistance of $5 million and tax concessions will be withdrawn.
Meanwhile, the Australian Seafood Industry Council is warning many operators could be brought to their knees if the sale of Kendell and Hazelton is not finalised within the next few days.
The council's chief executive says the $2.5 billion industry has been under considerable difficulty since the collapse of Ansett, adding the uncertainty is not helping anyone.
Russ Neal says air travel is critical for access to export markets and if a solution is not found quickly the industry will suffer.
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ABC News Online
Posted: Wed, 26 Jun 2002 7:26 AEST
D-day approaches for Kendell, Hazelton contracts
The preferred bidder for regional airlines Kendell and Hazelton says tomorrow is D-day for the finalisation of contracts for the takeover deal.
The Federal Government had threatened to withdraw an offer of a $5 million grant and tax concessions, if Australiawide Airlines was unable to finalise the airlines' sale yesterday.
However, a spokesman for Transport Minister John Anderson says that offer could be extended.
Australiawide spokesman Armon Hicks says he received a revised contract for the Kendell sale yesterday, and it should be finalised tomorrow.
Mr Hicks says it has been difficult because of the intricacies involved in the sale.
Meanwhile, an aviation expert says the takeover of Sydney Airport by the Macquarie Bank should not affect regional air travellers.
Peter Harbison from the Centre for Asia Pacific Aviation says there have been certain conditions placed on the sale by the Federal Government, including ring fencing slots.
He says Sydney Airport will not be a problem in the future of services to areas such as northern New South Wales.
Posted: Wed, 26 Jun 2002 7:26 AEST
D-day approaches for Kendell, Hazelton contracts
The preferred bidder for regional airlines Kendell and Hazelton says tomorrow is D-day for the finalisation of contracts for the takeover deal.
The Federal Government had threatened to withdraw an offer of a $5 million grant and tax concessions, if Australiawide Airlines was unable to finalise the airlines' sale yesterday.
However, a spokesman for Transport Minister John Anderson says that offer could be extended.
Australiawide spokesman Armon Hicks says he received a revised contract for the Kendell sale yesterday, and it should be finalised tomorrow.
Mr Hicks says it has been difficult because of the intricacies involved in the sale.
Meanwhile, an aviation expert says the takeover of Sydney Airport by the Macquarie Bank should not affect regional air travellers.
Peter Harbison from the Centre for Asia Pacific Aviation says there have been certain conditions placed on the sale by the Federal Government, including ring fencing slots.
He says Sydney Airport will not be a problem in the future of services to areas such as northern New South Wales.
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The asset register verification has kept everyone on their toes at KD this past week. Particularly sorting out the CRJ bits from the turboprop bits, that alone could effect the price paid for Kendell. I mean they've just realised that the stores are half full of CRJ bits that were originally included in the sale price. Smart huh?
And if someone could come clean about the CRJ pilot training issue - who paid for the 28 CRJ jocks to upgrade to 737 and a new career at Virgin? Does it comply with the enterprise agreement or does it provide a "Favour" from the administrators?
Incase your unfamiliar with it, apply the following and see what you come up with!
21. QUALIFICATION RENEWAL ON TERMINATION
21.1 If, when a pilot on permanent hire is to terminate, any of his qualifications including an instrument rating or other flight rating or endorsement which:
21.1.1 Was required by the company at the time of engagement; or
21.1.2 Whilst not so required, was utilised by the Company within the period of up to one year immediately preceding the pilot s termination date has lapsed through no fault of the pilot or is due for renewal during the period extending up to three calendar month beyond his termination date. Then either the qualification/s shall be renewed or the reasonable cost of the renewal/s shall be met by the Company no later than on the pilot's last day of work.
Provided that in a case of summary dismissal or termination without notice where it is not practicable for the cost of renewal to be paid on the pilot's last day of work, such payment shall be made as soon as possible but not later than one week after such last day of work unless the termination is being grieved in which case payment may be deferred pending the outcome of any dispute.
21.2 Provided further that the Company's obligation in this clause shall not be construed to extend to renewal of an endorsement on an aircraft type not operated by the Company during the six month period immediately preceding the date of notice of the pilots termination or which has become obsolete or whose incidence or type of application is such as to indicate that the pilot would not subsequently obtain work flying it.
21.3 This clause shall have no application where a pilot resigns (except in the case of redundancy) for the purpose of employment as a pilot.
What is the difference in cost for an SF3 endorsement compared to a 737?
And if someone could come clean about the CRJ pilot training issue - who paid for the 28 CRJ jocks to upgrade to 737 and a new career at Virgin? Does it comply with the enterprise agreement or does it provide a "Favour" from the administrators?
Incase your unfamiliar with it, apply the following and see what you come up with!
21. QUALIFICATION RENEWAL ON TERMINATION
21.1 If, when a pilot on permanent hire is to terminate, any of his qualifications including an instrument rating or other flight rating or endorsement which:
21.1.1 Was required by the company at the time of engagement; or
21.1.2 Whilst not so required, was utilised by the Company within the period of up to one year immediately preceding the pilot s termination date has lapsed through no fault of the pilot or is due for renewal during the period extending up to three calendar month beyond his termination date. Then either the qualification/s shall be renewed or the reasonable cost of the renewal/s shall be met by the Company no later than on the pilot's last day of work.
Provided that in a case of summary dismissal or termination without notice where it is not practicable for the cost of renewal to be paid on the pilot's last day of work, such payment shall be made as soon as possible but not later than one week after such last day of work unless the termination is being grieved in which case payment may be deferred pending the outcome of any dispute.
21.2 Provided further that the Company's obligation in this clause shall not be construed to extend to renewal of an endorsement on an aircraft type not operated by the Company during the six month period immediately preceding the date of notice of the pilots termination or which has become obsolete or whose incidence or type of application is such as to indicate that the pilot would not subsequently obtain work flying it.
21.3 This clause shall have no application where a pilot resigns (except in the case of redundancy) for the purpose of employment as a pilot.
What is the difference in cost for an SF3 endorsement compared to a 737?
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Ex_One,
Of the "CRJ jocks" I know that are now working for DJ all of them payed out of their own pockets for the 737 endorsement.
Please share with all of us what information you may have to the contrary. Continuing stories about these inept Administrators never fail to humour me.
Of the "CRJ jocks" I know that are now working for DJ all of them payed out of their own pockets for the 737 endorsement.
Please share with all of us what information you may have to the contrary. Continuing stories about these inept Administrators never fail to humour me.
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How many CRJ jocks......after 9 months of unemployment...... can afford to pay their own way onto a 737?
Sure you'll be told it came out of their own pockets, it's how it got into their own pockets that's raising curiousity.
I mean, I would like to hear some opinions on this from out there, I smell a rat! This one went off a bit too quietly to be passed off as "over the counter". Mind you rumours were breaking when the deal was allegedly done then it all went silent......and we know if us flyboys have scored a break on everyone we're gonna keep our mouths shut aren't we?
Sure you'll be told it came out of their own pockets, it's how it got into their own pockets that's raising curiousity.
I mean, I would like to hear some opinions on this from out there, I smell a rat! This one went off a bit too quietly to be passed off as "over the counter". Mind you rumours were breaking when the deal was allegedly done then it all went silent......and we know if us flyboys have scored a break on everyone we're gonna keep our mouths shut aren't we?
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ABC News Online
Posted: Thu, 27 Jun 2002 12:59 AEST
Australiawide confident of sealing regional airline deal
Australiawide Airlines says it is confident it will finalise the deal to buy the two regional airlines, Kendell and Hazelton, by the close of business tomorrow.
Spokesman, Armond Hicks, says a board meeting is scheduled for this evening to finalise the sale agreement.
He estimates Australiawide will take complete control of both Kendell and Hazelton by late August, and during the transition period the company will decide on a new name for the airlines.
"We've arrived at an agreement where we think we're pretty close to being finished with the issues that stand between us and Kendell," he said.
"The Hazelton transaction is just ready to sign, it's been ready to sign since the 7th of June."
Posted: Thu, 27 Jun 2002 12:59 AEST
Australiawide confident of sealing regional airline deal
Australiawide Airlines says it is confident it will finalise the deal to buy the two regional airlines, Kendell and Hazelton, by the close of business tomorrow.
Spokesman, Armond Hicks, says a board meeting is scheduled for this evening to finalise the sale agreement.
He estimates Australiawide will take complete control of both Kendell and Hazelton by late August, and during the transition period the company will decide on a new name for the airlines.
"We've arrived at an agreement where we think we're pretty close to being finished with the issues that stand between us and Kendell," he said.
"The Hazelton transaction is just ready to sign, it's been ready to sign since the 7th of June."
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Ex One,
As a matter of fact yes some of these CRJ guys have paid for their own endorsements on B737. From the few guys I know the money has come from partners (who are still working), loans (using equity in property etc) and some guys were working outside of aviation (eg. unloading pallets in a supermarket warehouse at $30/hr). Any other questions Mr Nosey?
As a matter of fact yes some of these CRJ guys have paid for their own endorsements on B737. From the few guys I know the money has come from partners (who are still working), loans (using equity in property etc) and some guys were working outside of aviation (eg. unloading pallets in a supermarket warehouse at $30/hr). Any other questions Mr Nosey?
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Ex-One
tis all true, many people went onto staffcv and applied like everyone else. When you look at the odds and the number recruited over the past few months, the ex KD staff, (many of whom were C&T staff) would have been looked at favourably. ALL that I know who got a guernsey paid for it themselves by equity loans or spouses or families, (Some AUD$25k others AUD$20k depending on the exchange rate at the time). Some sold assets to acomplish job secuity.
Onya, I think it was about $25 an hour for night shift. Sadly many senior captains with many hours are still doing the same thing to keep families afloat.
tis all true, many people went onto staffcv and applied like everyone else. When you look at the odds and the number recruited over the past few months, the ex KD staff, (many of whom were C&T staff) would have been looked at favourably. ALL that I know who got a guernsey paid for it themselves by equity loans or spouses or families, (Some AUD$25k others AUD$20k depending on the exchange rate at the time). Some sold assets to acomplish job secuity.
Onya, I think it was about $25 an hour for night shift. Sadly many senior captains with many hours are still doing the same thing to keep families afloat.