Bain Capital takes Control of Virgin Australia

jase05

Established Member
Joined
Jan 24, 2018
Posts
4,991
Qantas
Gold
Virgin
Platinum
Agree.


Anyone with that much alleged spare money should donate it to Charity - AND you get a tax deduction!

At least someone needy benefits. You kiss the money goodbye both ways.
There would be plenty on here who dabble in the stock market and probably some may have made some bad decisions in the past and lost money along the way, I definitely have. I’m not thinking about loading up on them but a small little dabble on them could be on the cards
 

exceladdict

Established Member
Joined
Mar 26, 2014
Posts
3,210
Qantas
Gold
Virgin
Gold
Even worse when you consider that Q, unlike VA I, had not ring-fenced the cash generated by QFF un-redeemed points. Q has always had it defined close to the front of the T&As for QFF points that they have no cash value. If the massive capital raising had failed, then unlike VA which had ringfenced the cash - except for one loan to VA for around 1/6th of it - QFF point holders would likely have got zero value for them in a relaunched Q.

Remember Q limited/stopped redemptions of QFF points before VA went into administration....
OT, but I cashed out substantial points in both schemes, on the basis that the meagre value was still better than the $0 I would get in the events you describe (and being locked in fortress WA). In hindsight this seems like a poor decision, but I would probably do the same again.

I wonder if we see VFF spun out from VA?
 

jakeseven7

Enthusiast
Joined
Sep 9, 2005
Posts
10,252
OT, but I cashed out substantial points in both schemes, on the basis that the meagre value was still better than the $0 I would get in the events you describe (and being locked in fortress WA). In hindsight this seems like a poor decision, but I would probably do the same again.

I wonder if we see VFF spun out from VA?

That doesn’t normally end well 😂
 

HS-TQE

Established Member
Joined
Apr 5, 2018
Posts
1,133
Qantas
Gold
Virgin
Gold
OT, but I cashed out substantial points in both schemes, on the basis that the meagre value was still better than the $0 I would get in the events you describe (and being locked in fortress WA). In hindsight this seems like a poor decision, but I would probably do the same again.

I wonder if we see VFF spun out from VA?
SQ/EY/NZ consortium led by Luxon, Goh Choon Phong, James Hogan and then-VA ceo Borghetti tried that with VFF with the 35% load-off.

It didn't end well for them.
 

HS-TQE

Established Member
Joined
Apr 5, 2018
Posts
1,133
Qantas
Gold
Virgin
Gold
My gut feel is SQ will always keep trying even if it’s a small stake.
I'd suspect it'll be through the parent Temasek grabbing a small stake rather than SQ if the Singapore Government wants to get involved in Australian Aviation in general.
That would make SQ and VA 'sister companies' under the Temasek ownership umbrella.

Can't see SQ getting involved directly for a long time (if at all) considering the current management would be aware of the failures of the predecessor management teams in Ansett, Tiger 1.0 and Virgin.
 

HappyFlyerFamily

Senior Member
Joined
Feb 25, 2020
Posts
5,337
I'd suspect it'll be through the parent Temasek grabbing a small stake rather than SQ if the Singapore Government wants to get involved in Australian Aviation in general.
That would make SQ and VA 'sister companies' under the Temasek ownership umbrella.

Can't see SQ getting involved directly for a long time (if at all) considering the current management would be aware of the failures of the predecessor management teams in Ansett, Tiger 1.0 and Virgin.
Noted. With respect, to me SQ and Singapore Government/Temasek are essentially one and the same when it comes to business/sovereign wealth decisions. The technicalities make little difference.
 

HS-TQE

Established Member
Joined
Apr 5, 2018
Posts
1,133
Qantas
Gold
Virgin
Gold
Noted. With respect, to me SQ and Singapore Government/Temasek are essentially one and the same when it comes to business/sovereign wealth decisions. The technicalities make little difference.
Noted.

I do think that the Singapore Government would mostly be concentrating on the Indian market with SQ's investment in Vistara, having kept their stake as their only overseas investment.

The Indian market generates a greater return than the Australian market especially with the political situation over the borders (edit: both domestically and internationally) here.
 
Last edited:
Sponsored Post

This is an example of a Sponsored Post, one of the many ways you can advertise on the Australian Frequent Flyer.

Other options include banner advertisements on our content and forum pages or our newsletter. You can also purchase an audio message on our podcast - or if you just want to try it out, you can sponsor a thread.

If you'd prefer not to see any advertisements (including these sponsored posts), you can become an AFF Supporter from just $6 and instantly remove all advertisements from our website!

openseat

Active Member
Joined
Jun 1, 2006
Posts
882
If it were only Singapore (either SQ or Temasek) involved, then there could be a strong single voice on the board, rather than the cacophony of voices of competing airlines/egos on the board of the earlier VA.
 

HS-TQE

Established Member
Joined
Apr 5, 2018
Posts
1,133
Qantas
Gold
Virgin
Gold
Andrew Curran at SimpleFlying talks about the possible future VA owners, and observes in the paywall articles that most observers are ruling out NZ (after their bad experiences with AN and VA 1.0) and has also ruled out SQ due to their Vistara investment (and their Indian partner Tata has recently acquired AI), so SQ are largely concentrating on the Indian market as their only overseas investment.

 

dk4

Established Member
Joined
Mar 23, 2010
Posts
1,678
Andrew Curran at SimpleFlying talks about the possible future VA owners...
So what I get out of that, by reading between the lines, is that they may be in discussions with someone to buy a chunk of the business - but are very publicly flagging that if they don't get the right price offer, then they can re-list on the ASX later instead.
 

Saab34

Established Member
Joined
Jul 22, 2008
Posts
1,991
UA buys a share then puts it on the Star, SQ then picks up its domestic Star feed regardless? Without then even buying it. Isn’t that a better option?

I think history proves that UA would be better for VA employees. SQ didn’t do a great job.
 

HS-TQE

Established Member
Joined
Apr 5, 2018
Posts
1,133
Qantas
Gold
Virgin
Gold
UA buys a share then puts it on the Star, SQ then picks up its domestic Star feed regardless? Without then even buying it. Isn’t that a better option?

I think history proves that UA would be better for VA employees. SQ didn’t do a great job.
Also a win-win for NZ.

NZ gets to keep the profitable QF codeshare partnership whilst getting pocket change revenue from the VA interlines as part of a hypothetical basic VA Star membership.
 

jase05

Established Member
Joined
Jan 24, 2018
Posts
4,991
Qantas
Gold
Virgin
Platinum
ViA has won it’s High Court appeal brought by the owners of four aircraft engines over a $500k bill for delivering the items to Florida.
 

Enhance your AFF viewing experience!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..
Top