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Search: Posts Made By: MickG0105
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Forum: Australia, New Zealand & the Pacific
5th Aug 2020, 00:52
Replies: 119
Views: 51,887
Posted By MickG0105

So this would be one of the more interesting...

So this would be one of the more interesting pieces.



Mr Hughes was appointed two years ago to tidy up dormant corporate entities and not only hadn't he managed to make much headway in that...
Forum: Australia, New Zealand & the Pacific
3rd Aug 2020, 22:14
Replies: 119
Views: 51,887
Posted By MickG0105

The Tiger AOC is also still current -...

The Tiger AOC is also still current - https://www.casa.gov.au/search_aoc/Tiger%20Airways

Interesting to note that the Tiger AOC was re-issued in June and is current till 2023. All the other...
Forum: Australia, New Zealand & the Pacific
3rd Aug 2020, 08:30
Replies: 119
Views: 51,887
Posted By MickG0105

FNP is also one of theirs. It's been parked up...

FNP is also one of theirs. It's been parked up since May. Interestingly or otherwise, the only A320 that VARA isn't flying is the one that they own outright; the other five are leased.
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Forum: Australia, New Zealand & the Pacific
1st Aug 2020, 00:00
Replies: 119
Views: 51,887
Posted By MickG0105

Based on early advice to the administrator (that...

Based on early advice to the administrator (that we now know to have been incorrect) Newco 2 was slated for voluntary liquidation and the relevant notices were issued around that...
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 23:49
Replies: 119
Views: 51,887
Posted By MickG0105

No idea - there's just not enough publicly...

No idea - there's just not enough publicly available data to say one way or the other. Any assessment would be a guess. The fact that the FIFO stuff continued to run while everything else was on...
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 13:24
Replies: 119
Views: 51,887
Posted By MickG0105

The DOCG issue is essentially moot - we've known...

The DOCG issue is essentially moot - we've known about the value of the issued notes since the get-go. The only thing that some of the notes being guaranteed by Newco 2 does is change Newco 2's...
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 07:21
Replies: 119
Views: 51,887
Posted By MickG0105

If you want to get into the nuances of Deeds of...

If you want to get into the nuances of Deeds of Cross Guarantee - https://www.keypointlaw.com.au/keynotes/guarantee/
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 02:18
Replies: 119
Views: 51,887
Posted By MickG0105

I was answering S28's query regarding Deeds of...

I was answering S28's query regarding Deeds of Cross-Guarantee - a DOCG is not a financial guarantee.

The fact that Newco 2 is the guarantor for three tranches of unsecured notes issued by VAH is...
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 01:39
Replies: 119
Views: 51,887
Posted By MickG0105

Thanks for that, I had somewhat blithely missed...

Thanks for that, I had somewhat blithely missed the 2019. I was reading it as 2020 given that 24 April was proximal to the business entering administration this year. That's possibly even more...
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 01:04
Replies: 119
Views: 51,887
Posted By MickG0105

Okey doke, S28, so my understanding of Deeds of...

Okey doke, S28, so my understanding of Deeds of Cross Guarantee is that they are largely used to simplify the reporting requirements for complex businesses. It is important to note that the...
Forum: Australia, New Zealand & the Pacific
31st Jul 2020, 00:37
Replies: 119
Views: 51,887
Posted By MickG0105

Yes, that's a point I think that I touched on...

Yes, that's a point I think that I touched on earlier. The fact that Geoff Smith was still a director is odd in of itself; you would have thought that any and all such directorships would have...
Forum: Australia, New Zealand & the Pacific
30th Jul 2020, 22:30
Replies: 119
Views: 51,887
Posted By MickG0105

G'day Blackout, No, not really. Entering...

G'day Blackout,

No, not really. Entering voluntary administration is usually undertaken on the assumption or knowledge that the business is or is about to become insolvent. And while just because...
Forum: Australia, New Zealand & the Pacific
30th Jul 2020, 10:16
Replies: 119
Views: 51,887
Posted By MickG0105

VAH Newco 2 is not VARA; they are two separate...

VAH Newco 2 is not VARA; they are two separate but related entities.

VAH Newco 2 is the sole shareholder of an entity called A.C.N. 098 904 262 Pty Ltd - it was one of the 38 business entities...
Forum: Australia, New Zealand & the Pacific
29th Jul 2020, 22:20
Replies: 119
Views: 51,887
Posted By MickG0105

I'll very happily be corrected here but having...

I'll very happily be corrected here but having had the time now to read the various submissions, applications and affidavits relating to VAH Newco 2 and, by connection, VARA, this whole thing appears...
Forum: Australia, New Zealand & the Pacific
29th Jul 2020, 03:49
Replies: 119
Views: 51,887
Posted By MickG0105

Yes, thanks for that - wrong affidavit in my...

Yes, thanks for that - wrong affidavit in my original post. I'll correct that.
Forum: Australia, New Zealand & the Pacific
29th Jul 2020, 02:33
Replies: 119
Views: 51,887
Posted By MickG0105

See above note to Double_Clutch. It is public...

See above note to Double_Clutch. It is public and it doesn't look like BS.
Forum: Australia, New Zealand & the Pacific
29th Jul 2020, 02:31
Replies: 119
Views: 51,887
Posted By MickG0105

https://www.fedcourt.gov.au/__data/assets/pdf_file...

https://www.fedcourt.gov.au/__data/assets/pdf_file/0019/78112/Affidavit-2772020.pdf
See para 20 which describes the relationship between the VARA and VAH Newco 2 (the latter owns the former) and...
Showing results 1 to 17 of 17


 
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