A small innovation in the 2PAXfly newsletter. You can now sign up to the weekly or the new, daily newsletter.
Since we have made blog posts more regular, sometimes with multiple posts per day during the working week, I thought I should give you the option of receiving either a daily notification or the weekly Newsletter. Now you can have either or both. Thank you, it's my pleasure.
What happened last week?
It was mostly about Virgin and the capitalist vultures circling the voluntary administrators. Friday saw 9 bids on the table, and on Monday, we are promised some more information about who is bidding and what they have to offer.
In the Futur Of Travel (F.O.T.) series, I predict the imminent demise of the A380 and the 747 'Jumbo' - which might have gone already.
Air New Zealand is resuming 20% of its operations, now that the country is heading into Level 2 restrictions. The sooner we form a Trans-Tasman bubble so I can use my passport and get on a plane, the better.
Regional airline Rex got excited about the prospect of becoming a domestic airline, and the Queensland Government threw its hat into the Virgin ring.
What's coming up?
The world seems to be loosening some restrictions, so maybe we are getting closer to whatever the new normal of international travel will be.
Trouble is, not sure I would be heading off somewhere international even if I could, what with the risks and all.
You can catch up on posts from last week below. Until next week . . .
2PAXfly – Travel News, Airline Flight and Hotel Reviews
I have previously posted about the bidders circling Virgin Australia. The deadline for the initial bids to take on Virgin Australia, currently in voluntary administration closed at 6pm this evening. A reported 9 bids were received. Two were by Australian based bidders: Tattarang – Twiggy Forest’s vehicle, which signed a confidentiality agreement (CA) preventing it […]
My favourite Aircraft Most AvGeeks will nominate the stately Jumbo – the 747, ‘Queen of the Skies’ as their favourite aircraft. Not me. My favourite aircraft is the A380, that ‘Behemoth of the Sky’. I love its size, and any premium cabin in the aircraft feels private – like the upper deck of the 747 […]
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 […]
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 […]
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 […]
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 […]
Emirates Profit, despite COVID-19 for the last 12 months was 21% up on the previous year at US$288 million. If you widen the results out to include other divisions of the Group like dnata, then the profit totals US$456 million What happened to the effect of COVID-19 you may ask? Well, the Emirates financial reporting […]
REX Holdings went into a self-requested trading halt on the Australian Stock Exchange today. The halt will continue up until Thursday 14 May, unless a statement is made to the stock exchange before then. The AFR and SMH are reporting that REX is working on raising AU$200 million to fund aircraft leasing to commence inter […]
This comes as no surprise. Qantas is deferring the delivery of any new aircraft orders during the pandemic. What are they deferring? About 21 aircraft are having their delivery deferred until after the pandemic. They include: 3 x Boeing 787s, due at end of 2020 for Qantas 18 x A321 neos, for Jetstar, due from […]
The Australian Prime Minister, Scott Morrison made some statements about the timetable for returning to ‘normal’ travel this week. The statement comes without dates unfortunately, so we are yet to know when we will be able to return to ‘normal’ travel, but we have a better idea of how it will be rolled out: Current […]