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Search: Posts Made By: nomess
Showing results 1 to 35 of 165
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Forum: Australia, New Zealand & the Pacific
1st May 2024, 09:43
Replies: 1,023
Views: 399,888
Posted By nomess

It looks like 777 quietly started having funding...

It looks like 777 quietly started having funding issues late last year, some alarm bells in October. One would assume Bonza had been asking for further loans in recent months, and obviously knocked...
Forum: Australia, New Zealand & the Pacific
1st May 2024, 08:12
Replies: 1,023
Views: 399,888
Posted By nomess

Sure. But Bonza didn’t manage its own cash well....

Sure. But Bonza didn’t manage its own cash well. How long was the initial injection meant to last?

The Flair wet lease agreement has likely sent this to the wall a year early, purely because they...
Forum: Australia, New Zealand & the Pacific
1st May 2024, 03:49
Replies: 18
Views: 2,230
Posted By nomess

It’s about TIBA time

It’s about TIBA time
Forum: Australia, New Zealand & the Pacific
1st May 2024, 02:15
Replies: 42
Views: 14,353
Posted By nomess

It’s all happening in 777 land! ...

It’s all happening in 777 land!

https://amp.theguardian.com/football/2024/apr/30/everton-call-in-insolvency-restructuring-advisers-777-takeover-doubt
Forum: Australia, New Zealand & the Pacific
30th Apr 2024, 14:31
Replies: 1,023
Views: 399,888
Posted By nomess

The financial engineering behind this whole place...

The financial engineering behind this whole place is very complex, but one thing here is important, 777 Partners has very high interest loans tied to Bonza that they cannot get stuck with, which is...
Forum: Australia, New Zealand & the Pacific
30th Apr 2024, 05:28
Replies: 42
Views: 14,353
Posted By nomess

Unlikely to see any new entrants for a long long...

Unlikely to see any new entrants for a long long time now. Financials will obviously be released shortly from the administrators, but the analysis I did in the prior month indicated it was bleeding...
Forum: Australia, New Zealand & the Pacific
30th Apr 2024, 02:16
Replies: 1,023
Views: 399,888
Posted By nomess

Fleet will be moved to BNE from later today in...

Fleet will be moved to BNE from later today in preparation for ferry flights back to USA.

Lessor clearly had all this pre planned.
Forum: Australia, New Zealand & the Pacific
30th Apr 2024, 00:14
Replies: 42
Views: 14,353
Posted By nomess

777 offloaded its fleet to AIP recently. Bonza...

777 offloaded its fleet to AIP recently. Bonza send payments to AIP. 777 don’t own aircraft anymore.

Tim Jordan has been running an insolvency firm. Lies lies and lies for months.

Watch him...
Forum: Australia, New Zealand & the Pacific
29th Apr 2024, 22:30
Replies: 1,023
Views: 399,888
Posted By nomess

Surprised. He has been lying for months. ...

Surprised. He has been lying for months.

Default notices. Months behind. And surprised.
Forum: Australia, New Zealand & the Pacific
29th Apr 2024, 21:30
Replies: 1,023
Views: 399,888
Posted By nomess

Operations have now ceased. Good luck to all...

Operations have now ceased.

Good luck to all the front line teams, once again, screwed over by incompetent management. The front line guys are legends, I will give the company that. Not to your...
Forum: Australia, New Zealand & the Pacific
29th Apr 2024, 07:22
Replies: 1,023
Views: 399,888
Posted By nomess

The Canadians are back in town apparently, looks...

The Canadians are back in town apparently, looks like they might be taking their aircraft back home. Went up for a test flight today.

They are also starting to cancel flights this and next week. I...
Forum: The Pacific: General Aviation & Questions
28th Apr 2024, 11:23
Replies: 10
Views: 1,240
Posted By nomess

Join the Facebook page below. Information galore....

Join the Facebook page below. Information galore.

CASA ATPL Theory (ATS)
Forum: Australia, New Zealand & the Pacific
26th Apr 2024, 08:31
Replies: 1,023
Views: 399,888
Posted By nomess

Mick, I don’t believe they went into this with a...

Mick, I don’t believe they went into this with a Plan B either.

Jordan was incredibly committed to this model. No denying that, incredibly passionate. That’s great, but what if it didn’t work? It...
Forum: Australia, New Zealand & the Pacific
26th Apr 2024, 05:06
Replies: 1,023
Views: 399,888
Posted By nomess

I think it’s well documented that it’s not...

I think it’s well documented that it’s not completely red tape here. They have stumbled considerably throughout the AOC process, pre and post. That’s not all CASA’s fault. How Bonza intended to...
Forum: The Pacific: General Aviation & Questions
26th Apr 2024, 02:06
Replies: 11
Views: 1,776
Posted By nomess

That would be game changing for those folks....

That would be game changing for those folks. Don’t underestimate how important these tools are GA Pilots. Your funding and work is much appreciated gents. Your work does not go unnoticed.
Forum: Australia, New Zealand & the Pacific
25th Apr 2024, 00:51
Replies: 1,023
Views: 399,888
Posted By nomess

Correct. If you dial into the commentary...

Correct.

If you dial into the commentary pushed in recent times, it’s all about polishing a turd to would be investors who are next in line to keep a would be ponzi operation flourishing.
...
Forum: Australia, New Zealand & the Pacific
25th Apr 2024, 00:03
Replies: 1,023
Views: 399,888
Posted By nomess

According to that site they are now only offering...

According to that site they are now only offering credits. That points to having no cash left. Assuming the priority for whatever cash on hand is leases, fuel and wages.

I would strongly advise...
Forum: Australia, New Zealand & the Pacific
24th Apr 2024, 14:49
Replies: 1,023
Views: 399,888
Posted By nomess

Also ‘pretty ups’ the forward estimates which...

Also ‘pretty ups’ the forward estimates which makes the whole business look better vs reality.

It’s a stupid game to play as you are constantly in sale and markdown mode, it’s a bit like rolling...
Forum: Australia, New Zealand & the Pacific
24th Apr 2024, 11:33
Replies: 1,023
Views: 399,888
Posted By nomess

They are really trying everything to avoid...

They are really trying everything to avoid refunding, ie rerouting, put on a bus, credits, no guarantee of a refund, in some cases, no refund just a credit. Meanwhile a once prominent Jordan has gone...
Forum: Australia, New Zealand & the Pacific
23rd Apr 2024, 08:42
Replies: 1,023
Views: 399,888
Posted By nomess

The Canadians don’t appear willing to let it go...

The Canadians don’t appear willing to let it go from its register. They do have large debt tied to the government over there, might be something to do with that.

Likely have more pressing matters...
Forum: Australia, New Zealand & the Pacific
22nd Apr 2024, 09:54
Replies: 308
Views: 154,801
Posted By nomess

Ferrari. It’s a crap company. It’s been...

Ferrari.

It’s a crap company. It’s been trash for over a decade. I mean, as you say, doesn’t need to be like that, nobody has flicked the switch in xx years, why would the next few be any...
Forum: Australia, New Zealand & the Pacific
21st Apr 2024, 07:41
Replies: 1,023
Views: 399,888
Posted By nomess

In regards to a charge back, normally 1-4 months...

In regards to a charge back, normally 1-4 months after the transaction, all banks have different rules. Customers have previously had more success with Amex and Diners, ie during the Virgin...
Forum: Australia, New Zealand & the Pacific
21st Apr 2024, 05:02
Replies: 1,023
Views: 399,888
Posted By nomess

Albury worked for them. However it’s only 5% of...

Albury worked for them. However it’s only 5% of whole pie. Population is quite significant when you factor in anything within an hour radius, you can see why it worked, a market starved of low
cost...
Forum: Australia, New Zealand & the Pacific
20th Apr 2024, 18:54
Replies: 1,023
Views: 399,888
Posted By nomess

They have pulled all the recruitment ads they...

They have pulled all the recruitment ads they had, which was about 8.

It’s over folks.

Shoutout to the crews who turned up and operated a stupidly delayed 3am Mackay to Sunshine Coast service...
Forum: Australia, New Zealand & the Pacific
20th Apr 2024, 06:23
Replies: 1,023
Views: 399,888
Posted By nomess

Mick, the same government who had a crack at...

Mick, the same government who had a crack at Labor for claiming they would have bankrolled Virgin if in power, is now asking the Labor to save Bonza? The senator has no credibility.

They seem to...
Forum: Australia, New Zealand & the Pacific
20th Apr 2024, 05:17
Replies: 1,023
Views: 399,888
Posted By nomess

A buyer would be unlikely as the lessor would...

A buyer would be unlikely as the lessor would most certainly take repossession of its assets under the Cape Town convention which they are entitled to, and that timeframe in Australia is 60 Days post...
Forum: Australia, New Zealand & the Pacific
19th Apr 2024, 23:28
Replies: 2,839
Views: 1,102,046
Posted By nomess

Spirit of Tasmania was having issues a few days...

Spirit of Tasmania was having issues a few days ago with delays/cancellations from a cargo shift incident. Might be moving delayed pax over.
Forum: Australia, New Zealand & the Pacific
19th Apr 2024, 09:03
Replies: 1,023
Views: 399,888
Posted By nomess

Likely. See the below. Sources said...

Likely. See the below.

Sources said KordaMentha partner Sebastian Hams, who leads the firm’s aviation practice, was this week appointed by an entity within the 777 group to look into Bonza’s...
Forum: Australia, New Zealand & the Pacific
19th Apr 2024, 05:38
Replies: 1,023
Views: 399,888
Posted By nomess

I mean, what else is he going to say? The...

I mean, what else is he going to say?

The slightest confirmation from anyone that indicates that they ‘are sniffing around’ will cause a media frenzy, and do exactly what Icarus2001 said, bookings...
Forum: Australia, New Zealand & the Pacific
18th Apr 2024, 23:42
Replies: 1,023
Views: 399,888
Posted By nomess

It appears they have today reduced OOL flying to...

It appears they have today reduced OOL flying to one flight per week for most, and axing a few others. That should assist the cash burn, but revenue falls off a cliff. Not really a win win situation....
Forum: Australia, New Zealand & the Pacific
18th Apr 2024, 00:48
Replies: 1,023
Views: 399,888
Posted By nomess

KordaMentha had been sent in to ‘review’...

KordaMentha had been sent in to ‘review’ operations.

I think survival is a matter of weeks not months when you go over the numbers which have been announced recently, rough numbers would have it...
Forum: The Pacific: General Aviation & Questions
17th Apr 2024, 08:27
Replies: 26
Views: 4,056
Posted By nomess

I have noticed recently some CPs have built new...

I have noticed recently some CPs have built new relationships with some of the quality training places that still exist (no they are not all bad!), and pulling in crew that way. I see one CP has...
Forum: Australia, New Zealand & the Pacific
16th Apr 2024, 11:49
Replies: 308
Views: 154,801
Posted By nomess

The OP clearly cares about the future of this...

The OP clearly cares about the future of this company. No denying that. In fact, dollars seems to be only half the story here, the other half is just him wanting it to be a great place to work...
Forum: Australia, New Zealand & the Pacific
16th Apr 2024, 09:38
Replies: 1,023
Views: 399,888
Posted By nomess

Between Bonza struggling and at risk, and Rex...

Between Bonza struggling and at risk, and Rex destroying itself without a care in the world, the duopoly is about to get even stronger. They are almost impossible to challenge.

Certainly have...
Forum: The Pacific: General Aviation & Questions
16th Apr 2024, 08:10
Replies: 26
Views: 4,056
Posted By nomess

You will find they are actually filling positions...

You will find they are actually filling positions from 208 drivers amongst other GA drivers.

I don’t think half the training departments could handle so many cadets coming through the system. GA...
Showing results 1 to 35 of 165
 
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