What is VA doing? (2021 strategy)

HS-TQE

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VA1 had a terrible relationship with Indonesia, the government even banned Tigger from flying there altogether. Let’s hope Bain/VA2 have a better relationship.
More like Borghetti-era incompetence. Indonesia only granted Tiger a temporary license whilst they get their paperwork sorted with the aircraft, they didn't do it in time and tried to present themselves as the 'victim'.
 

AustraliaPoochie

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As for food (buy on board), except most likely no bacon/ham on food (rolls/sandwiches) on flights to and from DPS.
As for their flights, with VAi flying east coast to DPS, this gives people an opportunity to get something from there to SIN, and then KUL, to get cheap flights around Asia, I think D7 (Air Asia) has stopped its far reaching int flights, ie, KUL - Aust.
With VAi flying Aust east coast to DPS, VFF miles can be "burned" to get redemption seats/P+P, and then el cheapo from there to other parts of Asia, which is a good thing.
 

Vic

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Heh,
Wonder how they are going to meet the " net zero emissions"... target.
Electric powered or solar powered planes?
Nuclear powered perhaps?
Planes have to burn fuel.
Or maybe who knows, what the world will be like in 2050, or if Virgin or them by another name, will still be around.
Edit: back to main gist of this thread, still no news of what VA2/VA3/VA3.25's plans are, partner wise, going forward.
Depends on the source of the fuel, and resulting emissions overall. The idea is to STOP adding carbon to the atmosphere. Or remove it. Not to stop burning fuel.

On a seperate note, reading the OP. Love Malapropisms
 

AustraliaPoochie

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VA should indeed join D7 in an alliance, as tipped on here a while back with that big logo.
Just had a quick look, didn't realise it, but on the D7 website, its even showing Malindo and Scoot flights, esp PER to KUL!
 

HS-TQE

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D7 Long Haul are currently in the Malaysian equivalent of Voluntary Administration/Chapter 11. Air Asia Malaysia short haul international (under the AK code) are not affected.

Some of the Air Asia group A330s has been handed back to lessors, and it's highly tipped that D7 Long Haul be downsizing to a handful of A330s and the upcoming A321XLRs.

I'd suspect D7 will return to Australia, but with the A321XLRs if D7 Long Haul manages to stick around.

And as for that Virgin Australia - "a 'Value Alliance' member" banner I've posted sometime back, AirAsia group (D7 and AK) is not part of the Value Alliance group, that's led by Scoot, Nok, Jeju and Cebu Pacific with connections to European carriers (Wizzair, etc) via Scoot Long Haul.

EDIT: Seems AirAsia.com are also selling SQ, CX interlines as well. QR also pops up on the AirAsia booking engine via Doha! (that's one long connection).
 
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MooTime

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Just found out today that my place of employment, staff of few thou Aus wide, city & regional (US based company, although very much global) has replaced Virgin as their domestic & International air carrier with Qantas. (maybe it was the new green status that swung them)

Why / How / Reasoning of course I'm not privy to those details, but there you are.

I see I get some piddly discount for leisure travel.

I'll stick by you VA.
 

MooTime

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Make of this what you will. Tax offsets, less metal, staff sackings or upcoming Bunnings / Officeworks FB link, ha massive contributor so far.

Great positive, now let the opponents paint the negative wall.

Screenshot_2021-12-01-21-14-01-45_40deb401b9ffe8e1df2f1cc5ba480b12.jpg
 

jakeseven7

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Just found out today that my place of employment, staff of few thou Aus wide, city & regional (US based company, although very much global) has replaced Virgin as their domestic & International air carrier with Qantas. (maybe it was the new green status that swung them)

Why / How / Reasoning of course I'm not privy to those details, but there you are.

I see I get some piddly discount for leisure travel.

I'll stick by you VA.

It might well be VA2 are not even tendering anymore for business accounts at all anymore… - they fired almost all of their corporate sales and BD team. It’s really not their focus anymore per all their PA releases…
 
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dajop

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Make of this what you will. Tax offsets, less metal, staff sackings or upcoming Bunnings / Officeworks FB link, ha massive contributor so far.

Great positive, now let the opponents paint the negative wall.

What accounting tricks have led to a statutory $3.7b profit, for a group that pre-pandemic, with a larger fleet, more frequencies and a bigger network only accrued $5.5b revenue?
 

MooTime

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What accounting tricks have led to a statutory $3.7b profit, for a group that pre-pandemic, with a larger fleet, more frequencies and a bigger network only accrued $5.5b revenue?
True, but all I could add is that there was an awful lot of fat..... Bain have brought in weight watchers, lite n easy & removed lot of Shanty leases.

Are these doc's in complete to be seen by Joe public or just the final headline figure we see?
 

jakeseven7

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What accounting tricks have led to a statutory $3.7b profit, for a group that pre-pandemic, with a larger fleet, more frequencies and a bigger network only accrued $5.5b revenue?


A quick review reveals the extent of the ‘tricks’ - just huge write offs. Won’t be able to do that next year….(well who knows..) Pretty meaningless number as all the analysis concurs. Doesn’t go into much detail about the capital injections Bain had to pump in to keep them flying either.

Pretty opaque now it’s under Bains skirts, so hard to cut it either way. I’m sure it got some bonuses paid 😆
 

Mattg

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What accounting tricks have led to a statutory $3.7b profit, for a group that pre-pandemic, with a larger fleet, more frequencies and a bigger network only accrued $5.5b revenue?

Well observed. In fact, this SMH article says the Virgin Australia Group only made $1.5 billion in revenue in the 2020/21 financial year.

It also says:

Virgin’s accounts show it ran at a $76.8 million underlying loss in 2021. On a statutory basis, Virgin reported a $3.7 billion profit, which included a $4.4 billion benefit from creditors claims that were wiped out when Bain bought the company out of administration.

Virgin’s current liabilities exceeded its current assets by $498 million at June 30.
 

jakeseven7

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D7 Long Haul are currently in the Malaysian equivalent of Voluntary Administration/Chapter 11. Air Asia Malaysia short haul international (under the AK code) are not affected.

Some of the Air Asia group A330s has been handed back to lessors, and it's highly tipped that D7 Long Haul be downsizing to a handful of A330s and the upcoming A321XLRs.

I'd suspect D7 will return to Australia, but with the A321XLRs if D7 Long Haul manages to stick around.

And as for that Virgin Australia - "a 'Value Alliance' member" banner I've posted sometime back, AirAsia group (D7 and AK) is not part of the Value Alliance group, that's led by Scoot, Nok, Jeju and Cebu Pacific with connections to European carriers (Wizzair, etc) via Scoot Long Haul.

EDIT: Seems AirAsia.com are also selling SQ, CX interlines as well. QR also pops up on the AirAsia booking engine via Doha! (that's one long connection).

It will be interesting to see what happens and how VA2 reacts to more pressure from Rexy and then Bonza… certainly going to be a dogfight for the leisure / budget customer and miles and miles away from JB’s QF Lite strategy to try and pick up business travellers. JB himself apparently doesn’t even fly VA2 anymore!
 

HS-TQE

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It will be interesting to see what happens and how VA2 reacts to more pressure from Rexy and then Bonza… certainly going to be a dogfight for the leisure / budget customer and miles and miles away from JB’s QF Lite strategy to try and pick up business travellers. JB himself apparently doesn’t even fly VA2 anymore!

Don't forget QF can just use JQ to compete against all three Private Equity owned rivals for the same budget/leisure market.

They can elect to keep mainline out of that battle for the most part. I mean JB was reported to back on QF those days to fly between SYD and BNE as a part of being one of the BAC boardroom members.

Maybe the VA/Value Alliance banner may 'not' be a joke after all... JH could just go 'pysche' after the recent International FSC Partners announcements and promote it as their "International Value-Orientated (tm) Partners" ;)
 

RAM

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Don't forget QF can just use JQ to compete against all three Private Equity owned rivals for the same budget/leisure market.

They can elect to keep mainline out of that battle for the most part. I mean JB was reported to back on QF those days to fly between SYD and BNE as a part of being one of the BAC boardroom members.

Maybe the VA/Value Alliance banner may 'not' be a joke after all... JH could just go 'pysche' after the recent International FSC Partners announcements and promote it as their "International Value-Orientated (tm) Partners" ;)
True but there is one big problem.

Allegedly, prior to his accension AJ window-dressed JQ's accounts (with CEO approval?) by putting all fitout costs onto Q domestic & international. Then as a major maintenance check was due, JQ handed the planes back to Q in JQ livery etc and Q fitted not only the major maintenance check costs, out of service period, cost of repainting aircraft, replacing all seating & re-config the seat plan.

Similarly, as one analyst noted - there were some curious cost allocations to do with fuel purchased for JQ flights at overseas locations such as Hawaii. Allegedly despite taking on a larger fuel load than the Q planes used - JQ's bill was very favourable relative to the Q bill.

After questions were asked about the above coincidentally JQ's profitability/margins plummetted.
 

HS-TQE

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This article is more to do with 2022, however it was said in December 2021.


This isn't the first time in regards to international flying was suggested to Virgin, via former NZ CEO Chris Luxon, however in this case JH has committed to short haul international 737 ops to Fiji later this month, Bali and eventually NZ in 2022.

It was reported previously in various News Corp and other forums during that 'heated' Luxon vs Borghetti 'no confidence' meeting that Luxon had allegedly said that VA should 'give up all international' and be a feeder to NZ, which of course ticked off JB's 'besty' in then-EY CEO James Hogan, and the then-SQ CEO.

However, if current VA CEO JH decides not to restart VA long haul in late 2022, where does this leave the HND slot? considering Bain was allegedly working with NH to scuttle their rival's (QF/JL) joint-venture.
 

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