What is Virgin Australia's strategy (post-administration)?

[AIRwin]

Hrdlicka says Virgin Australia is IPO-ready when ‘market reopens’

Speaking in Dubai, Jayne Hrdlicka defended the carrier from market critics who say it is losing share to its larger rival Qantas and budget airline Jetstar.

www.afr.com

 

[simmomelb]

IIRC Bain had said something similar about Jayne when she was appointed a board member of HA in Honolulu, before they announced her as CEO to replace Scurrah.

Confirmed Paul Scurrah has accepted a role for Crown Casino, so the search for a replacement continues.

 

[AIRwin]

Confirmed Paul Scurrah has accepted a role for Crown Casino, so the search for a replacement continues.

Paul Scurrah or John Borghetti?

Ex-Virgin boss John Borghetti appointed Crown Resorts chairman

Bill McBeath, a veteran US casino executive who ran The Cosmopolitan in Las Vegas, will step aside but remain on the Blackstone-owned gaming group’s board.

www.afr.com

 

[simmomelb]

Paul Scurrah or John Borghetti?

Ex-Virgin boss John Borghetti appointed Crown Resorts chairman

Bill McBeath, a veteran US casino executive who ran The Cosmopolitan in Las Vegas, will step aside but remain on the Blackstone-owned gaming group’s board.

www.afr.com

Ignore me

Thanks for the correction

 

[jakeseven7]

Ex-Virgin boss John Borghetti appointed Crown Resorts chairman

Bill McBeath, a veteran US casino executive who ran The Cosmopolitan in Las Vegas, will step aside but remain on the Blackstone-owned gaming group’s board.

www.afr.com

Dies with laughter. Go JB

 

[Saab34]

Hrdlicka says Virgin Australia is IPO-ready when ‘market reopens’

Speaking in Dubai, Jayne Hrdlicka defended the carrier from market critics who say it is losing share to its larger rival Qantas and budget airline Jetstar.

www.afr.com

Private Equity doesn’t normally hang on in this long.

Qatar still hasn’t jumped yet. One would imagine they would have a very high price on this for a partial buy in.

 

[twinaisle]

Private Equity doesn’t normally hang on in this long.

Qatar still hasn’t jumped yet. One would imagine they would have a very high price on this for a partial buy in.

They're riding the tigers back now so no hoping off. VA is a little cash cow so they would be smart to hold on and have QR invest

 

[simmomelb]

Private Equity doesn’t normally hang on in this long.

Qatar still hasn’t jumped yet. One would imagine they would have a very high price on this for a partial buy in.

Bain has held on to others for much longer. I suspect they are more than okay to hold onto VA for now until they are offered a very lucrative offer/offers.
It sure does sound as though Qatar Airways could be one of those now (at this point).

 

[Brizz]

It sure does sound as though Qatar Airways could be one of those now (at this point).

Fingers crossed - I like the idea of converting to Avios and having access to all the other airlines!

 

[HS-TQE]

Unrelated to VA, although related to IPOs, the Private Equity companies behind Mexican fast food chain GyG are set to float GyG on the ASX shortly.

Guzman y Gomez (GYG) is set for an ASX IPO. Here's what we already know

Guzman y Gomez (GYG) is planning to list on the ASX with an initial public offering (IPO). Here’s what we know about the plans.

www.fool.com.au

 

[33kft]

Fingers crossed - I like the idea of converting to Avios and having access to all the other airlines!

Oneworld airlines.... Be interesting to see how that would work

 

[MooTime]

Unrelated to VA, although related to IPOs, the Private Equity companies behind Mexican fast food chain GyG are set to float GyG on the ASX shortly.

Guzman y Gomez (GYG) is set for an ASX IPO. Here's what we already know

Guzman y Gomez (GYG) is planning to list on the ASX with an initial public offering (IPO). Here’s what we know about the plans.

www.fool.com.au

Not really relevant to this thread.

Although there only raising $240M. VA raising lot more and completely different sector so not apples for apples.

 

[Saab34]

Long Haul is certainly not happening anytime soon. The USA is obviously United dominated now. The only real area that I see working is Japan, but even then, we are now seeing some capacity coming back in from all players. I think widebodies are likely done and dusted at Virgin for now. Sad, but probably for the better in regards to its long term viability.

Virgin Australia: No plans for long-haul flights, says strategy chief

Virgin Australia's “very clear" network strategy doesn’t involve resuming the kind of long-haul services it flew in the past, says Virgin's strategy chief.

karryon.com.au

 

[Must...Fly!]

Long Haul is certainly not happening anytime soon. The USA is obviously United dominated now. The only real area that I see working is Japan, but even then, we are now seeing some capacity coming back in from all players. I think widebodies are likely done and dusted at Virgin for now. Sad, but probably for the better in regards to its long term viability.

Virgin Australia: No plans for long-haul flights, says strategy chief

Virgin Australia's “very clear" network strategy doesn’t involve resuming the kind of long-haul services it flew in the past, says Virgin's strategy chief.

karryon.com.au

Sadly agree. I would rather see the airline survive and thrive with narrow body aircraft than roll the dice on an unlikely winning bet on wide body. Maybe one day

 

[elanshin]

Sadly agree. I would rather see the airline survive and thrive with narrow body aircraft than roll the dice on an unlikely winning bet on wide body. Maybe one day

QR investment and wetlease one or two aircraft? VA flight to DOH? Maybe HND?

 

[antycbr]

QR investment and wetlease one or two aircraft? VA flight to DOH? Maybe HND?

If the QR government is denied additional capacity they may make a point through VA.

 

[jakeseven7]

If the QR government is denied additional capacity they may make a point through VA.

A few of VA2’s workplace culture initiatives and core values may have to be quietly deleted if that happens

 

[ben95]

QR investment and wetlease one or two aircraft? VA flight to DOH? Maybe HND?

I can see a strategy of up to 5 small long ranger wide body (787-9 probably is the ideal choice) working. Flying AUS-DOH-LHR in the QR/BA/IB/VA EJB and then AUS-HND. You can do those 2 routes daily still have a spare that flies SYD-PER once a day maybe. The strategy probably won’t work if it’s not part of a metal-neutral JV.

You’d never know. If QR is seriously interested and fails to get more slots it might lease aircraft to VA at deep discount to incentivize that to happen. Since in the EJB everyone shares revenue so it’s effectively as good as QR itself flying.

 

[elanshin]

I can see a strategy of up to 5 small long ranger wide body (787-9 probably is the ideal choice) working. Flying AUS-DOH-LHR in the QR/BA/IB/VA EJB and then AUS-HND. You can do those 2 routes daily still have a spare that flies SYD-PER once a day maybe. The strategy probably won’t work if it’s not part of a metal-neutral JV.

You’d never know. If QR is seriously interested and fails to get more slots it might lease aircraft to VA at deep discount to incentivize that to happen. Since in the EJB everyone shares revenue so it’s effectively as good as QR itself flying.

Could also be a DOH - AUS - NZ tag flight.

 

[dajop]

Sadly agree. I would rather see the airline survive and thrive with narrow body aircraft than roll the dice on an unlikely winning bet on wide body. Maybe one day

There are a number of very successful, very profitable airlines that only operate narrow bodies and do so by being disciplined and not diverting resources into expensive long haul routes in very competitive markets with dubious profitability. I’m thinking Southwest, Easyjet and Ryanair.