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Friday, October 24, 2014

Sad day for New Zealand Aviation


Following on from the May receivership of Vincent Aviation Australia, the parent company, Wellington based Vincent Aviation New Zealand, has now been placed into receivership, with Receivers BDO placing a public notice today.

This comes as a result of court proceedings started last week by ANCL Investments the owner of BAe 146 ZK-ECO which flew for Vincent Aviation and had been operating in Australia.
Happier Times - BAe 146 ZK-ECO departing Brisbane

As always my thoughts are with the Vincent Aviation staff, including friends, who are impacted by this decision.

Read more from the Dominion Post on the Receivership HERE or an earlier article from the Wairarapa Times-Age on the court action HERE

Thursday, October 23, 2014

Latest NZ Hobbit Safety Video - "The Most Epic Safety Video Ever Made"

Air New Zealand the Airline of Middle Earth has released the latest and last inflight safety video in its Hobbit series in time for the December launch of the final Hobbit movie.

The video features several Hobbit stars including Elijah Wood and fellow Whovians will enjoy the appearances of Sylvester McCoy.

The video is directed by acclaimed Kiwi director Taika Waititi who makes a cameo appearance as the wizard, and also features cameos from Sir Peter Jackson and Sir Richard Taylor.


Friday, October 17, 2014

VA to take full control of TT for just $1


Media outlets report Virgin Australia CEO John Borghetti is set to take up the remaining 40% stake in low cost carrier TigerAir Australia for the princely sum of just $1.

Taking full ownership of TigerAir Australia has always been part of the Virgin Australia strategy as part of their 'Virgin Vision 2017' plan.

Borghetti is quoted as saying he intends to have the struggling carrier back in profitability ahead of schedule before the end of 2016, by leveraging the resources of the wider Virgin Australia group.



So what exactly does $1 get Virgin?  Obviously 40% of remaining shares, but also a fleet of 13 A320 aircraft, obvious current debt, the rights to operate the TigerAir Australia in Australia, but also the rights to operate the brand on a number of short haul international routes from Australia.

This international expansion would likely see TigerAir competing against Jetstar on routes to Bali and other south east Asian locations and may open up the opportunity for TigerAir to enter slim Trans Tasman routes, especially those that have previously been flown and dropped by the major carriers.

The transaction is expected to be completed by the end of the year pending permission from regulatory authorities and shareholders.

You can read more on the plan via Australian Business traveller or The Australian

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