Today's Posts:
Indicative bids are due at the Administrators (Deloitte’s) on Friday 15 May for the continuing operation of Virgin Australia. The Administrators have previously said there are 20 interested parties circling, and it appears a slightly smaller number that has been inclined to sign the non-disclosure agreement that would get them into the data room. Some […]
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New Zealand went early and hard on prevention strategies for the pandemic. The effects on Air NZ were dramatic. Introduction The NZ Government instituted a 4 level system of alerts and went to the highest – level 4 = lockdown – restrictions on 25 March. That level was harsh, severely limiting travel and with not […]
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REX ‘discloses‘ that it has been approached by parties interested in backing the airline to start ‘domestic operations’. Since REX is already a presence in capital city to regional areas, and region to region flying, this is being interpreted as capital city to capital city flying. The statement refers to the board believing that there […]
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Queensland investment Corporation (QIC)has been appointed to manage the Queensland governments bid for Virgin Airlines according to the state’s new treasurer Cameron Dick. The State Government’s involvement could be as an equity holder, as a loan to the group, a guarantee or other financial incentive. Their interest is to ensure that the Virgin Australia head […]
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You can catch up on posts on the blog. Until next week . . .
Happy (fantasy)Travels,
Stephen
2PAXfly
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