COVID-19 impacts on Australian airlines

If they swoop back in and buy it, what happens to all the staff? The name? Can it be back up and running quickly?

 

there is all those people with credit for cancelled flights too - there were no refunds. They are creditors too

 

Staff entitlements I believe they get, I was more so asking if the new owners can get the airline up and running ASAP, as in not years.

Anyone know if the new owners can get the company up and running straight away? I was under the impression you couldn’t and it’s a very timely process.

 

So, VAH is going VA

 

Airforce recruitment is generally limited to those in a narrow age band.

I don't think that will be happen for a generation, possibly longer. Large UAVs are a different situation, they are highly regulated by CASA but are unmanned, operating in remote airspace only. The military is rapidly moving in this direction.

There is little appetite in terms of regular public transport to make such a step in a highly regulated and safe industry where crew are the last line of defence to system malfunctions. Technology can currently assist with diagonsis of problems but it still isn't a replacement for crew analysis of a left field problem in a dynamic environment.

 

lt's only one bunch of morons , keep the faith , every country is having trouble with some. like those idiots and their toilet paper , we're now known as those two all over the world , they think that's Australians . Up in my area though l'm really proud myself of how people have been and the good will about. And also with customers l've dealt with too from all over oz, phone, gees people have been good it's really surprised me.

 

Bought Qantas today. Let’s see what happens

 

Reading between the lines, a private company with vested interest will buy

lets see

government is out

 

This is only the start.

The west is history.

Another 15,000 people straight to centrelink.

 

Virgin's balance sheet in their 31 December 19 HY report is pretty woeful, and lending more money to them is probably not going to end well. How is it going to be repaid?

Apparently they are paying Richard Branson $15m per year for the name, so maybe he should refund a few years worth, just for good
will reasons.

Maybe a 1 for 1 share rights issue could ease the pain a bit at say 10c a share, so all the "major shareholders" can stump up some coin.

Stephen Mayne had an excellent article on 20 April on his website in his collaboration with the Eureka Report (this is not a free plug, just a reference, as I dont think I can post a link) regarding a restructure, where the govt dilutes the other shareholders, amongst other things, is excellent.

And the administrators should immediately renegotiate the aircraft leases, as parked jets must surely be worth 30c on the dollar.

 

Yep!
I’m the queen of Qantas, but you won’t see it published in the news anywhere

 

Depends what ends up happening.. no guarantee it will be sold as a going concern. Each of these assets such as terminal rights, frequent flyer programmes, aircraft leasing rights, whatever else could be split off separately and sold to the highest bidders by a private equity vulture.

 

It hasn't happened yet. It feels like a lehmans brother moment, If this falls who's next

 

Qantas isn't flying internationally until the end of the year they reckon. Most of their flying is overseas.

 

I think its 50:50 international and domestic.

Edit: Link found. (Qantas 2019 Data book). Key info has been added as screenshot images.

Redirect Notice

Interestingly, the International portion of the business significantly lags behind the other segments in terms of EBIT, especially if you compare the revenue to the EBIT.

Jetstar is a reasonably significant portion of Qantas' business too. Along with the loyalty programme, which is still profit making.
Also know that fuel prices are right down now, they should be able to take advantage of this fact.