EY ups stake in VA to 21.24%

Discussion in 'Travel News' started by markis10, May 20, 2014.

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  1. TomVexille

    TomVexille Enthusiast

    Nov 12, 2013
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    Keeping up with the others?
     
  2. samh004

    samh004 Enthusiast

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    How much longer till all their shares are owned by 3 overseas airlines/their governments, and VA are basically a private company? :p
     
  3. Himeno

    Himeno Established Member

    Jun 15, 2011
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    Wouldn't this be getting close to the limit when VA can't be considered an "Australian Carrier"?
     
  4. TomVexille

    TomVexille Enthusiast

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    #5 TomVexille, May 20, 2014
    Last edited by a moderator: May 20, 2014
  5. lovestotravel

    lovestotravel Senior Member

    Sep 18, 2008
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    So what's in this for EY, SQ - Longer term I seem them flying AUS-USA and NZ well they want NZ customers.....
     
  6. dk4

    dk4 Established Member

    Mar 23, 2010
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    LOL full circle to how they started out in Australia, 100% privately foreign owned by the UK's Virgin Group.

    Thank goodness for foreign investment, or Qantas could be charging an even more outrageous amount of money, for a service that would have been "enhanced" to even less than third world standards!
     
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  7. samh004

    samh004 Enthusiast

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    NZ wants less competition with their services ;)

    I recall Pacific Blue, while loss making, was well regarded and offered great service, until it closed because of an alliance :p
     
  8. Aussie_flyer

    Aussie_flyer Established Member

    Apr 26, 2009
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    yet the public are enraged that Qantas could be majority foreign owned yet they don't mind if its Virgin AUSTRALIA
     
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  9. dajop

    dajop Senior Member

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    The company operating VA's international services must be at least 50% Australian owned, as for the domestic operations, it doesn't matter so much. I guess the fact it flies around Australia, employees thousands of Australians directly and indirectly, means it is still an Australian Carrier, just like Tim Tam's and Vegemite are considered Australian products, even though they are in fact US owned, no-one would consider Vegemite to be American!
     
  10. atreides

    atreides Member

    Sep 4, 2011
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    More EY and SQ

    Less NZ
     
  11. anat0l

    anat0l Enthusiast

    Dec 30, 2006
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    Apart from adopting the name of the nation in their airline name (and flying the flag motif with the flying maiden), since when has VA ever actually exuded or proclaimed any particular pride in being an Australian carrier, or being Australian for that matter? It's not even to the extent where the bigger brother Virgin Atlantic provocatively announced that they were the British flag carrier.

    This is why no one cares as much about the "Australianism" of Virgin Australia compared to Qantas, because as far as everyone else is concerned, there are either already real doubts as to whether VA is Australian anyway, or... guess what... people just don't care. It's just another airline, and it just so happens it is the other airline that flies domestically in Australia (barring all the other smaller fish).

    Of course, the free market says anything goes, so long as it complies with the law. You could sell offal as prime cut meat as long as people are willing to believe and buy it.
     
  12. 777

    777 Established Member

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    It closed before the alliance. I doubt the NZ competition authorities would have approved if it had happened the other way around.
     
  13. Fruitcake

    Fruitcake Established Member

    Feb 22, 2011
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    Virgin Australia New Zealand (ie Pacific Blue) is still in existence flying ZK registered 737s on behalf of Virgin Australia. They perform a similar role for VA that Jetconnect does for QF.

    I suspect that if it were not for the original franchise limitations on the use of "Virgin" in the name of an airline flying non-domestic routes that Pacific Blue would have been known as Virgin Blue NZ from its beginning.
     
  14. 777

    777 Established Member

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    I assumed the post was referring to Pacific Blue domestic NZ ops which are no longer but ended before the NZ/VA tie up.
     
  15. Fruitcake

    Fruitcake Established Member

    Feb 22, 2011
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    100% correct re the domestic ops, I didn't think of those. Thanks.
     
  16. Himeno

    Himeno Established Member

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    If they want access to Australian international route rights, they have to be majority Australian owned.
     
  17. dajop

    dajop Senior Member

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    Not true, only the subsidiary that wants access to Australian international route rights needs to be majority Australian owned, so clever organisations can set up a structure and arrangements between companies to facilitate this. VA does not have any international route rights, but provides operational services to Virgin Australia International Operations Pty Ltd, which has a separate ownership structure (albeit of as I can understand minimal shareholder value), which does have international rights. One can argue whether this is in the "spirit" of the law, but it certainly complies with it, otherwise VA wouldn't be flying to LAX or AUH.
     
  18. under the radar

    under the radar Established Member

    Apr 8, 2010
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  19. dajop

    dajop Senior Member

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