VAH - Virgin Australia Holdings

[qldfrog]

Do you think the Queensland government should have a stake in an airline?

As a Qlder and so associated non willingly to our supreme incompetent Premier, the answer is
NO NO NO please God have pity on us...

 

[Miner]

As a Qlder and so associated non willingly to our supreme incompetent Premier, the answer is
NO NO NO please God have pity on us...

Sorry @qldfrog - you called your premier incompetent ! In which way? I am prepared to pay half of my super for her nice smile . Surely the voters were enchanted to vote for her to make her Premier. So why complaint ??????????????

 

[qldfrog]

Sorry @qldfrog - you called your premier incompetent ! In which way? I am prepared to pay half of my super for her nice smile . Surely the voters were enchanted to vote for her to make her Premier. So why complaint ??????????????

Do not blame me, labour candidates were rare, no one in the party wanted to be defeated so she was selected in absence of anyone else and got elected.
The tragedy of democracy..
I am keen for anyone pointing on anything good she has achieved , any qld labour supporter to help here?
Mandated election at start of pandemic, corruption/favoritism, more and more public servants, increasing debt and raiding PS super funds to fill some of the budget debts
And just listen to her speak for 5 minutes.where is the intellect: i recently looked at her career, never got a job politician since daddy put her in place
Irrespective of her/your side of politics, a disgrace.
Juggling with Adani shows the moral compass.
But she might put her name in history by funding a collapsed foreign airline

 

[qldfrog]

Do not blame me, labour candidates were rare, no one in the party wanted to be defeated so she was selected in absence of anyone else and got elected.
The tragedy of democracy..
I am keen for anyone pointing on anything good she has achieved , any qld labour supporter to help here?
Mandated election at start of pandemic, corruption/favoritism, more and more public servants, increasing debt and raiding PS super funds to fill some of the budget debts
And just listen to her speak for 5 minutes.where is the intellect: i recently looked at her career, never got a job politician since daddy put her in place
Irrespective of her/your side of politics, a disgrace.
Juggling with Adani shows the moral compass.
But she might put her name in history by funding a collapsed foreign airline

I. Boted for some decent labour premier premier here but bight bight and worse her are reaching summum in in negative.Anns Blight was crooked but bright enough, Paluchet..

 

[sptrawler]

I. Boted for some decent labour premier premier here but bight bight and worse her are reaching summum in in negative.Anns Blight was crooked but bright enough, Paluchet..

Your going to have to repeat that, I think you broke into your native tongue, or started stuttering.

 

[qldfrog]

Your going to have to repeat that, I think you broke into your native tongue, or started stuttering.

I know..only on my phone and this forum, discussed a while back with Joe.basically what i type is mangled and corrections not appearing as they are made.i have to post, do an edit..which itself is mangled then post again and re-read.
And if i miss one step..late at night or interrupted..you get the above.
I believe it is due to interaction between keyboard auto corrector, satellite lag,and i suspect some forum based spelling check or formatting behaviour..not that i post an many other platforms but FB or wechat do not behave that way.
I found a solution if i go into desktop mode but then it gets pretty tedious to view ASF on the phone.

 

[qldfrog]

The above only needed one edit

 

[qldfrog]

Back to poor Virgin collapse..i have always felt treated like **** when flying Virgin.Worse was a Bali trip a coule of years ago and i only flew Virgin after that when i had no choice or for codeshare imposed.Never a good experience...

 

[Miner]

Do not blame me, labour candidates were rare, no one in the party wanted to be defeated so she was selected in absence of anyone else and got elected.
The tragedy of democracy..
I am keen for anyone pointing on anything good she has achieved , any qld labour supporter to help here?
Mandated election at start of pandemic, corruption/favoritism, more and more public servants, increasing debt and raiding PS super funds to fill some of the budget debts
And just listen to her speak for 5 minutes.where is the intellect: i recently looked at her career, never got a job politician since daddy put her in place
Irrespective of her/your side of politics, a disgrace.
Juggling with Adani shows the moral compass.
But she might put her name in history by funding a collapsed foreign airline

Well said @qldfrog on this and few other posts on this thread.
I did not see any mention of the way Adani deal was signed off and involvement of QLD Premier's husband's role as a consultant.
Australian politics was never so corrupt .
Returning on VAH, some good signs are hopefully appear.
Let's hope.

 

[Dona Ferentes]

VA was always pretty ho-hum. Always about $5 a seat lower than QF. Their yield management looked amateurish, and the collection of odd-bods in "Business Class" all looked like freeloaders or relatives. Hardly a full fare payer among them. But I took them in preference to Jetstar on the routes I use (OOL, CBR, HBA).

 

[Colm Doc]

Do not blame me, labour candidates were rare, no one in the party wanted to be defeated so she was selected in absence of anyone else and got elected.
The tragedy of democracy..
I am keen for anyone pointing on anything good she has achieved , any qld labour supporter to help here?
Mandated election at start of pandemic, corruption/favoritism, more and more public servants, increasing debt and raiding PS super funds to fill some of the budget debts
And just listen to her speak for 5 minutes.where is the intellect: i recently looked at her career, never got a job politician since daddy put her in place
Irrespective of her/your side of politics, a disgrace.
Juggling with Adani shows the moral compass.
But she might put her name in history by funding a collapsed foreign airline

Hi, I agree that Labour’s support of the Adani mine was disgusting and a betrayal of labour voters but the proposal of backing VA is just a loan and could protect some QLD jobs.

 

[Colm Doc]

Hi, I agree that Labour’s support of the Adani mine was disgusting and a betrayal of labour voters but the proposal of backing VA is just a loan and could protect some QLD jobs.

Are we not supposed to be discussing the stock market not politics? Sorry

 

[qldfrog]

Hi, I agree that Labour’s support of the Adani mine was disgusting and a betrayal of labour voters but the proposal of backing VA is just a loan and could protect some QLD jobs.

A loan to an overseas company which is and has been unprofitable now even in boom time, this loan will be a few cents distribution after bankruptcy

 

[qldfrog]

A loan to an overseas company which is and has been unprofitable now even in boom time, this loan will be a few cents distribution after bankruptcy

As for job, refusing to open the borders when we have an Australian captive domestic tourism market..tells a lot about the incompetence of this government.they are mad...
Bring back a Goss or Beattie, at least they had some brain and were not corrupt

 

[Colm Doc]

As for job, refusing to open the borders when we have an Australian captive domestic tourism market..tells a lot about the incompetence of this government.they are mad...
Bring back a Goss or Beattie, at least they had some brain and were not corrupt

Time will tell if protecting Queensland against the virus was smart or not (short time pain, long term gain) VA will be foreign owned one way or another. State government involvement would keep the company in Queensland, that should be good for QLD? As a Qantas shareholder I’m not sure if a single airline is good for Australia or just good for me. Thoughts?

 

[Miner]

As for job, refusing to open the borders when we have an Australian captive domestic tourism market..tells a lot about the incompetence of this government.they are mad...
Bring back a Goss or Beattie, at least they had some brain and were not corrupt

I respectfully disagree the call that stopping the borders is a mistake. It is for a change good strategic direction that governments have taken. France did not - they are suffering. Our international lunatic pornstar and Casanova in USA failed even to recognise Corona was a real threat inspite having such an elite intelligence department, Harvard and Wharton trained management gurus, millions of spies, and thousands of satellites. Those were mistakes.
Lets look at NZ - small country but a smart one. For a change this time our politicians even belated, behaved appropriately. We Aussies are real impatient and always pass the bucks to politicians. No politics but we send the politicians.

Corona is a disaster - but is a short term. 1930 depression was there and we came back.
But with a small population if we say short term closure of borders is a wrong decision and suggestions to correlate VAH failure is partly due to border closure - I believe, is a bigger mistake.
Look at Alliance (AQG) and Qantas - how they are surviving ?
In fact AQG is booming.

I love VAH even have lost lots of points, I love the beauties and services of Virgin air hostesses more than the air hostesses from Qantas, Cathay and Singapore airlines.

BUT I would not suggest that VAH's poor management is coming from border closures.
What is Sir Richard doing with his leadership on this sick child ?

Only Government to blame for VAH ?? No.

 

[qldfrog]

As for job, refusing to open the borders when we have an Australian captive domestic tourism market..tells a lot about the incompetence of this government.they are mad...
Bring back a Goss or Beattie, at least they had some brain and were not corrupt

I respectfully disagree the call that stopping the borders is a mistake. It is for a change good strategic direction that governments have taken. France did not - they are suffering. Our international lunatic pornstar and Casanova in USA failed even to recognise Corona was a real threat inspite having such an elite intelligence department, Harvard and Wharton trained management gurus, millions of spies, and thousands of satellites. Those were mistakes.
Lets look at NZ - small country but a smart one. For a change this time our politicians even belated, behaved appropriately. We Aussies are real impatient and always pass the bucks to politicians. No politics but we send the politicians.

Corona is a disaster - but is a short term. 1930 depression was there and we came back.
But with a small population if we say short term closure of borders is a wrong decision and suggestions to correlate VAH failure is partly due to border closure - I believe, is a bigger mistake.
Look at Alliance (AQG) and Qantas - how they are surviving ?
In fact AQG is booming.

I love VAH even have lost lots of points, I love the beauties and services of Virgin air hostesses more than the air hostesses from Qantas, Cathay and Singapore airlines.

BUT I would not suggest that VAH's poor management is coming from border closures.
What is Sir Richard doing with his leadership on this sick child ?

Only Government to blame for VAH ?? No.

Misunderstood, i just point Paluchet is pretending saving jobs with my tax money while killing thousands of them via the qld border closure.
Closing Australian borders is not in question but preventing nsw or sa visitors is killing our tourist industry when it had a captured market
Incompetence.
As for virgin, let it die if it was not able to be profitable 12 months ago...
But i believe in free market and not collectivism which is so outdated nowadays

 

[qldfrog]

Misunderstood, i just point Paluchet is pretending saving jobs with my tax money while killing thousands of them via the qld border closure.
Closing Australian borders is not in question but preventing nsw or sa visitors is killing our tourist industry when it had a captured market
Incompetence.
As for virgin, let it die if it was not able to be profitable 12 months ago...
But i believe in free market and not collectivism which is so outdated nowadays

And yes it is management incompetence

 

[Dona Ferentes]

The Bondholders in Virgin, with some $2 billion held in the collapsed airline but with a claim on proceedings, were always going to be a sticking point for the 'fast and loose money' from NY.

Today, there has been a proposal for bondholders to swap their debt – and the debt of other Virgin creditors where applicable – for equity in a restructured Virgin that would then be re-listed on the ASX.

The proposal is made up of about $2 billion in debt, $800 million in new capital to stand the airline back up again and $125 million in interim funding to get Virgin through the next few months. This suggests that through some mechanism or another, at least some of the 30 institutions in the bondholder group are prepared to tip more funds in.

It won’t be surprising to see the bondholders ramp up the Team Australia nature of their bid against two big money firms out of New York. The idea is that Virgin would then return to the ASX boards with far less debt, and so be better placed to weather what will clearly be a difficult period – perhaps as long as two years – while the world recovers from the pandemic.

The entitlements of Virgin’s 9,000 workers will be honoured, the obligations Virgin has under its Velocity loyalty program will be honoured and all travel credits issued by the stricken airline will be honoured. Virgin’s management team would also be retained under the proposal.

 

[Chronos-Plutus]

Looks like Bain Capital are going to save the Virgin:
"Bain Capital agrees to buy Virgin Australia"(https://www.businessinsider.com/bain-capital-agrees-to-buy-virgin-australia-2020-6)