Putting all those eggs in the WAAC basket never seemed like a real good idea to me.

There's a reason others decided not to touch JAR training!

The first rule of running a business which is to have bums on seats or perish seems to have been forgotten....why would people sit on overpriced seats in a clapped out aeroplane when they can get better quality and value a couple of minutes away. The GFC barely scratched the surface here in WA so cannot explain the drop in numbers and relying on cash flow from overseas particularly in this industry is a Really Bad Idea.

The article reminds me of case studies we used to do at uni....! This one would have been easy.

Best of luck to the new President

Those idiots that bought WAAC sahould be put in jail!!!!

Taking a $650000 overdraft to pay creditors. Ouch!!! :eek: Its a pretty weak excuse blaming the GFC for their sticky situation. It has only been in the last couple of months that flying training has taken a downturn at Jandakot. Perhaps the bigger blame should be put on buying WAAC or should I say a few pieces of 2nd hand office furniture. :ugh: Good luck to the new president but I think trying to get RACWA back on the straight and level will be harder than trying to raise the Titanic.

Congrats to 'AirSic' for the INITIAL post back in JULY 2010.

Well spotted !!!

But alas, not enough 'remedial action' taken in time by 'members generally' - against the ludicrous actions of 'those at the helm'....

As previously stated - It is a CLUB!!

So now would be a good time for 'Club Members' to take a more active interest in the future of Their Club.....

A good start might well be to support the efforts of the NEW Club Pres.

Cheers:ok::ok:

well well well....3 holes in the ground! RACWA is one of em'
 

The very first article in TARMAC TOPICS, November edition...

Letter from the New President....

"the previous management and committee have kept a lot from the members" THAT IS DIPLOMATIC FOR 'THEY LIED TO US ALL!'

Part of Murrayfield has been sold - didn't help the finances one bit!

Previously UNENCUMBERED lot of Murrayfield, NOW UNDER MORTGAGE as $650,000 Overdraft required - JUST TO PAY EXISTING CREDITORS!

Bank Loan, SURE TO BE DEFAULTED IF SITUATION DOESN'T CHANGE! Guess what? Unlikely to change this year.

"Debt must be paid by End of Year at latest" OOHHHHH Dear, thats 8 weeks away!

I reckon, the guys at the bank must have looked at this as an opportunity to ensure that the club goes belly up, knowing that Murrayfield will be Reposessed and are thinking - 'we could then buy our own airfield and at mortgagee repo rates!' (MY Sarcastic thoughts - I doubt the bank is that bright!)

AH, JG, PL....you all should be taken out to the middle of the airfield and done away with!!! At the very least you should personally be held accountable for the financial loss of what was once a viable club.

I challenge the 3 of you - attend the club and face the members - face the wrath of those that have given so much and will now watch the whole sordid affair come to a grinding halt!

Eye ball to eye ball, look at those people that you have deceived and lied to!

No wonder AH asked to be let go from his contract early and didn't want to hang around....he knew what was happening and how little time was left. The BSh1t about the banks wanting "personal guarantors" for new A/C, the BSh1t about WAAC being a vital and solid investment.....what a crock!

We attempted to tell you...you wouldn't listen.

We called an EGM, you rocked up with lawyers! and still wouldn't listen.

You shrugged anyone that was ever going to help you from the membership, with "that's not the way I like to do things" "I want each division of the company to run on its own merits and be profitable on its own or I will get rid of it".

Come back to the club the three of you so we can hang you by the small balls you have and use you as a windsock!

You should hang you heads in shame!!!!!

In Denial or Just Don't Know?

Made an inquiry last week about what C172's they might be selling now, or when the new fleet arrives.

Told by the CEO that they were absolutely run off their feet with instructing and each and every aircraft was fuly committed to current flying activities.

Is this an accurate comment - or is he in denial?

happy days,

:ugh:As Club member for over 30 years..I think I want to be sick...the last comittee MUST MUST be acountable for this, surely you can not pay out huge amounts, walk away, and say.."oh IM sorry"...but then again looking at Wall Street in the last few years maybe you can.

So then comes the next question..what was in it for the powers to be???....why did they destroy something..was another "agenda" in place????:ugh::ugh:

And as a last thought..it was meant to be a club...noy a fe##kig buisness, the people who changed this need to address the members and explain just what the hell as gone on......I am angry, very very angry.....

Perhaps you can all blame the insurance companies, office bearers can insure against being personally liable for their errors.

So perhaps this means they can just saunter off while the staff and creditors are left with nothing. It happens in aviation businesses and clubs all over the world over and over again, hardly anything new.

related article page 2 & 5
 

http://www.racwa.asn.au/getfile.aspx...&ObjectID=1206


If you can't download it from here, go to the Royal Aero Club website.

This is awful. I hope they survive. Many a fond memory - I grew up at that club.:(

Sell half of the old ****ty planes that sit there and dont get used. Pay off debt. Then re-finance new planes draw more people with state of the art aircraft/technology and start making money.

Simple equation to me. They have lost so many people with still running very old and outdated aircraft. I know of at least 5 people personally that have left for this reason.

The dollar is so high at the moment and its the perfect oppurtunity. But I know what will happen nothing will eventuate for 12 months then the dollar will drop right down and once again the oppurtunity will go.

Green Pilot, selling underutilised aircraft is far easier said than done. Additionally putting the club into hock for six or even seven figure sums to buy some state of the art airframes is a very big gamble which would have not guarantee at all of paying off in the short to medium term. Not to mention the fact that the club's current financial position means it would have very little chance of financing those purchases.

The dollar might be high at the moment but it's all academic if you don't have any.

The new president has made a very corageous debut statement and we all wish him and his new committee well as they try and rescue RACWA from the mess it has become due to ineptness and arrogance of some previous office bearers.

Their 152's must be worth only about $25-30000 each. They'd have to sell all of them to afford 1 new 172 (though could get a few second hand at the moment with the exchange rate!). By waiting so long to renew the fleet they are essentially left with nothing except their buildings and Murrayfield to bargain with.

Or is suppose they could pass the hat around to the members and hope someone chips in a million or two!

The value of the buildings at Jandakot is dependant on how long the lease has to run on the land they sit on and the fact that renewal of land leases is no longer automatic as it was in the days of the FAC. :mad: If the airport was built around 47 years ago and the leases were usually 25 years...hmmm... can anyone clarify?
Look at what happened to Clamback and Hennessey in Bankstown when the lease expired on their hangar.
RACWA under the previous management distanced themselves from the Jandakot Airport Chamber of Commerce and their expertise in leasing matters. I hope the new President will reconsider this, as "divide and conquer" was a policy Jandakot tenants had to fight hard against four years ago.

YPJT is right
 

There is no sense in trying to obtain further finance for the provision of new aircraft....AT THIS STAGE.

The finances are in such a bad way that there would be no possible financier who would be interested in the acquisition of the new birds and quite frankly the club could not afford the equipment.

The sale of surplus assets is a necessary move, I believe. On any said day, there are a number of planes sitting on the ground doing nothing. Having said that...the members need to exercise due diligence in relation to the assets there now.

Last weekend, after a brief walk along the flight line, there were 2 aircraft that were left, i.e. no more flying for the day...1 with the l/hand door left open and the other with the flaps left down.

I guess some members don't give a hoot about the assets, however they are in the minority. In any case, RACWA needs to be more particular about the members and their attitudes.

There is a way forward, it is tough and sometimes tough love is required. Lets just hope that the current committee and CEO acting have what it takes to get this back on track and take the tough decisions to liquidate assets, with benefits to RACWA and fight another day.:ok:

Just asking if that DH82 is still around? A check used to only
take a walkaround, forced landing and a spin (as well as the
log book currency check).

Havent flown it for yonks but just enquiring.

Everyone should get behind the new President. He can't do it single-handedly you know.

^^ oooooooooooooh while I understand your humour, thats pretty low ^^

Que..?? :confused:

The sooner that den of medicority closes its doors the better. It may have once been great but it (staff, students, leadership team(s)) continue to lead the race to the bottom when it comes to standards. Probably something to do with the incestious nature of the ppl, cpl, instructor rating, grade 3,2,1 cycle that is perpetuated at the RAC.
Instructors of any grade who have no experience beyond those red bricks are of almost no use to their students or the industry at large.