Sydney Airport Message Board Sydney Airport Message Board  

Go Back   Sydney Airport Message Board > Aviation Industry News and Discussion > Australia and New Zealand Industry


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 15th May 2020, 03:28 PM
Greg Hyde Greg Hyde is offline
Prolific Member
 
Join Date: Sep 2008
Posts: 2,620
Default VA Mk.2

First round bids close at 6pm tonight with:

The Australian says four major bidders lined up for tomorrow's first round.

* a consortium of private equity firm BGH, AustralianSuper and Singapore's Temasek
* Canadian infrastructure investor Brookfield
* US private equity firm Bain
* India's InterGlobe Enterprises, led by Indian billionaire Rahul Bhatia who co-founded Indian budget carrier IndiGo.

Others who were "interested parties" such as Queensland's "Project Maroon" and Wesfarmers may still join one of these groups in the next four weeks, as final bids are due on June 12.

Also:

Several sources close to the process, who spoke on the condition of anonymity due to strict confidentiality agreements, said the plan includes buying eight Boeing 787 Dreamliners to replace Virgin's existing international fleet of five Boeing 777s and six Airbus A330s.

Boeing 787s have a "list price" of between $US250 million and $US338 million ($388 million to $525 million) depending on the model, although airlines normally negotiate significant discounts

https://amp.smh.com.au/business/comp...13-p54snq.html
Reply With Quote
  #2  
Old 23rd May 2020, 05:45 PM
Philip Argy's Avatar
Philip Argy Philip Argy is offline
Senior Member
 
Join Date: May 2008
Location: Drummoyne
Posts: 1,393
Default

As long as VA Mk II does not become an EasyJet! Qantas needs head to head competition; not be left to itself to service the business market!
__________________
Philip
Between 16R and 16L glide slopes (33.842252 S 151.153295 E) - wave as you fly over!
Reply With Quote
  #3  
Old 25th May 2020, 05:00 PM
Phil Stevens Phil Stevens is offline
Member
 
Join Date: Jan 2016
Posts: 69
Default

There are many business users of Easyjet, which has a good reputation in the UK. The comparison you are looking for would be Ryanair, which regards passengers as self-loading cargo.
Reply With Quote
  #4  
Old 25th May 2020, 08:27 PM
MarkR MarkR is offline
Senior Member
 
Join Date: Dec 2012
Posts: 1,361
Default

VA mk2 seems to be following a similar course to AN MK2, lots of interest but one by one they drop out, hope I am wrong!
Reply With Quote
  #5  
Old 2nd June 2020, 05:27 PM
Greg Hyde Greg Hyde is offline
Prolific Member
 
Join Date: Sep 2008
Posts: 2,620
Default

And then there were two

Virgin Australia’s administrator has just announced it’s whittled down prospective bidders to two: Bain and Cyrus Capital Partners.

Deloitte’s Vaughan Strawbridge said both parties “are well-funded, have deep aviation experience, and they see real value in the business and its future”.

The decision means that private equity firm BGH Capital and US aviation company Indigo Partners have been knocked out, ahead of a 30 June deadline for a binding agreement to be reached.

Cyrus Capital is the bidder most closely linked to Sir Richard Branson, and Australian Aviation has previously reported speculation that it plans to maintain the business as a full-service international airline.

https://australianaviation.com.au/20...paign=02062020
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +10. The time now is 01:05 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
Copyright Sydney Airport Message Board 1997-2016
Use of this web site constitutes acceptance of the Conditions of Use and Privacy Statement