Royal QLD Aero Club in VA
Join Date: Oct 2005
Location: Oz
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Get back to basics..
They need to regroup and get back to grass roots flying training. Private, recreational, commercial students. It can all be achieved. It has in the past...it will again.... with the right people steering the ship. It is not bloody difficult!!
Join Date: Nov 2008
Location: australia
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The ownership details and what will happen and be offered in the future will no doubt be in the Deed of Company Arrangement.
Some previous staff may not be offered jobs back there and the GU cadets have spread among a number of schools at AF and Redcliffe but some have held off to see what happened not wanting to go to Basair etc.
Vet Fee Help and OS cadets may well be where the company is headed given the new owners connections.
Don't have to ponder too long to work out where the new owners come from - which country has been buying up big in Australian business lately? And why not if the Australians can't have the confidence in their own country to invest in it.
Some previous staff may not be offered jobs back there and the GU cadets have spread among a number of schools at AF and Redcliffe but some have held off to see what happened not wanting to go to Basair etc.
Vet Fee Help and OS cadets may well be where the company is headed given the new owners connections.
Don't have to ponder too long to work out where the new owners come from - which country has been buying up big in Australian business lately? And why not if the Australians can't have the confidence in their own country to invest in it.
Join Date: Nov 2008
Location: australia
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Crunch time for the Deed of Company Arrangement is coming up on Thursday 19th May. No staff have been paid anything yet. If the Chinese don't pay up its liquidation unfortunately.
Another Vet Fee Help disaster has surfaced with the Qld College of Australian Training going into VA with 450 students effected.
Yet another example of how hopeless this scheme is in its current form with the 3 month delays before the Commonwealth pays the providers, not to mention the courses not being targeted to areas of genuine need.
From my observations there is no pilot shortage in Australia so $100k sponsorships should be dumped.
Pay as you go pilots who fly when they can afford it have greater motivation and those and a smattering or ex ADF pilots will meet Australia's airlines needs adequately.They have served us well to date.
Another Vet Fee Help disaster has surfaced with the Qld College of Australian Training going into VA with 450 students effected.
Yet another example of how hopeless this scheme is in its current form with the 3 month delays before the Commonwealth pays the providers, not to mention the courses not being targeted to areas of genuine need.
From my observations there is no pilot shortage in Australia so $100k sponsorships should be dumped.
Pay as you go pilots who fly when they can afford it have greater motivation and those and a smattering or ex ADF pilots will meet Australia's airlines needs adequately.They have served us well to date.
PeterC:
Off topic, but that is not going to happen without a complete reform of the Tax system and financial regulation.
Innovative businesses built in Australia do exist, but unfortunately their business strategy almost always involves being bought out by a foreign competitor.
The latest, yesterday, was Hydrawise - an australian manufacturer of an innovative irrigation controller that connected to the internet, it adjusted irrigation levels according to real time weather information from your nearest weather station, you adjust your irrigation via a web page/subscription service from anywhere in the world and you could turn your irrigation on/off via an iPhone App.
…….Got the email yesterday, its just been sold to Hunter international (USA).
need to invest less negatively gearing over-priced real estate and more on innovation and building businesses.
Innovative businesses built in Australia do exist, but unfortunately their business strategy almost always involves being bought out by a foreign competitor.
The latest, yesterday, was Hydrawise - an australian manufacturer of an innovative irrigation controller that connected to the internet, it adjusted irrigation levels according to real time weather information from your nearest weather station, you adjust your irrigation via a web page/subscription service from anywhere in the world and you could turn your irrigation on/off via an iPhone App.
…….Got the email yesterday, its just been sold to Hunter international (USA).
via peterc005:
Australians need to invest less negatively gearing over-priced real estate and more on innovation and building businesses.
Australians need to invest less negatively gearing over-priced real estate and more on innovation and building businesses.
.
Join Date: Feb 2009
Location: dans un cercle dont le centre est eveywhere et circumfernce n'est nulle part
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But but but.. I thought the Queen had to approve the use of Royal in the name. If not I'll be sticking it to "The Squadron" at Kirribilli. They charged me extra for that little service.
Join Date: Nov 2008
Location: australia
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GA regulated by other than CASA? Seriously!
The Chinese viewed the books and creditors prior to submitting the Deed of Company Arrangement. How else would they have worked out what to bid.
However it is unlikely that the transfer of RTO, CRISCOS, Vet Fee Help, AOCs etc to the new identity could happen in a couple of weeks given the way we all know Governments work, so its possible that it will not be all done and dusted by 19th May.
Time is on the side of the new potential owners, so the creditors may be asked to extend the date and if they want any money should agree.
The bidders are probably still trying to figure out what to do with RQAC and its Directors. Do they support it or if they run into blockages from the Directors simply liquidate it and trade on with AAA and ATAE, the entities that bring in the income?
Time will tell.
The Chinese viewed the books and creditors prior to submitting the Deed of Company Arrangement. How else would they have worked out what to bid.
However it is unlikely that the transfer of RTO, CRISCOS, Vet Fee Help, AOCs etc to the new identity could happen in a couple of weeks given the way we all know Governments work, so its possible that it will not be all done and dusted by 19th May.
Time is on the side of the new potential owners, so the creditors may be asked to extend the date and if they want any money should agree.
The bidders are probably still trying to figure out what to do with RQAC and its Directors. Do they support it or if they run into blockages from the Directors simply liquidate it and trade on with AAA and ATAE, the entities that bring in the income?
Time will tell.
Join Date: Nov 2008
Location: australia
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The RQAC Group will be back in business with a well resourced operation. There will no doubt be some students who will come back given the grumbles around the field, about how they are being treated by some other providers. Some staff will also be invited back most likely - depending on demand.
Don't be concerned about the red flag on the pole outside RQAC.
Ponder which flag flies outside REX.
Look at who owns VIRGIN. Who owns CAE OXFORD in Melbourne, Flight Training Adelaide or China Southern Academy in WA, Airways Aviation at the Gold Coast - the list goes on.
One can ponder and rave on about Australian ownership until the cows come home (also moving that way in the cattle industry as well) but its a reality in the global economy that Australia just happens to be part of.
Don't be concerned about the red flag on the pole outside RQAC.
Ponder which flag flies outside REX.
Look at who owns VIRGIN. Who owns CAE OXFORD in Melbourne, Flight Training Adelaide or China Southern Academy in WA, Airways Aviation at the Gold Coast - the list goes on.
One can ponder and rave on about Australian ownership until the cows come home (also moving that way in the cattle industry as well) but its a reality in the global economy that Australia just happens to be part of.
Join Date: Jul 2010
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Too many people in Australia prefer over-priced negative geared real estate investments, rather than doing the hard work and taking a punt to build businesses that work.
I felt sick in the stomach when that clueless asshole Hockey made comments that led to the end of Australian auto production. You'd have to be clueless to drive a BMW when Commodores are such good cars. I love my Commodore.
How about Gippsland Aeronautics going to India after all of that work and achievement? What a waste that can never be replaced.
I felt sick in the stomach when that clueless asshole Hockey made comments that led to the end of Australian auto production. You'd have to be clueless to drive a BMW when Commodores are such good cars. I love my Commodore.
How about Gippsland Aeronautics going to India after all of that work and achievement? What a waste that can never be replaced.
peterc005 I originally took that as a tongue in cheek comment and found myself nodding along as I read it, but on reflection I think you're deadly serious? Australia's car industry had been on the ropes for decades and anyone who thinks that you can compete in a small market with the sort of productivity they had, is dreaming. As for the whole negative gearing furphy, although some of the big end of town have done very nicely out of Sydney of late, there are a hell of a lot of investors out there wondering just when these amazing gains are going to kick in. Ask anyone who got suckered into the mining towns after the initial steep increases, how that property investing thing is going for them. I don't like seeing Australian firms, farms etc sold off either, but that's global business - no shortage of Aussie money in the US or UK for that matter.
