Network Aviation - Perth
Pure speculation, but with all those shiny Q400s on order wouldn't they want a one-type fleet? Their end-game is probably not FIFO as much as feed QF/JQ. FIFO often has aeroplanes parked up for half the day, so does not lend itself to expensive new kit. RPT is another matter altogether.
There is another thread running on this takeover. Someone with delusions about seniority on that one. Time to merge?
There is another thread running on this takeover. Someone with delusions about seniority on that one. Time to merge?
standby for some serious pilot group hugs!
Join Date: Jul 2007
Location: BAO
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QF/Network
The AFR 05/10/10- 'understands' that QF are 'in the final stages of negotiations for an agreed purchase....'- no ASX announcement yet.
Quote based on the AFR article- ex the Business Spectator website:
Rgds
S28
Quote based on the AFR article- ex the Business Spectator website:
Qantas to buy WA charter airline: report
Published 7:01 AM, 5 Oct 2010
QUICK SUMMARY | FULL STORY
Qantas is hoping to extend its presence in the lucrative charter flight market in Western Australia by acquiring one of the major airlines offering services to fly-in, fly-out mining sector workers, The Australian Financial Review reports.
The national carrier is in the final stages of negotiations to buy WA-based Network Aviation, which runs chartered flights to mining communities across the state, the newspaper says in an unsourced report.
Network Aviation's board met on Friday to discuss the $30 million-plus takeover, which would see Qantas take on a fleet of nine aircraft and 150-odd employees, the report says.
The AFR says the airline's price tag is equal to about six times 2010 financial year earnings before interest, tax, depreciation and amortisation.
Published 7:01 AM, 5 Oct 2010
QUICK SUMMARY | FULL STORY
Qantas is hoping to extend its presence in the lucrative charter flight market in Western Australia by acquiring one of the major airlines offering services to fly-in, fly-out mining sector workers, The Australian Financial Review reports.
The national carrier is in the final stages of negotiations to buy WA-based Network Aviation, which runs chartered flights to mining communities across the state, the newspaper says in an unsourced report.
Network Aviation's board met on Friday to discuss the $30 million-plus takeover, which would see Qantas take on a fleet of nine aircraft and 150-odd employees, the report says.
The AFR says the airline's price tag is equal to about six times 2010 financial year earnings before interest, tax, depreciation and amortisation.
S28
