Re: Coronavirus (Covid19)
Posted: Thu Apr 16, 2020 1:39 pm
Lightning McQueen wrote:Brodlach wrote:Trump wants the US fully open May 1st
And I want a weekend away with 2 nymphomaniac supermodels.
Again?
Lightning McQueen wrote:Brodlach wrote:Trump wants the US fully open May 1st
And I want a weekend away with 2 nymphomaniac supermodels.
amber_fluid wrote:Lightning McQueen wrote:Brodlach wrote:Trump wants the US fully open May 1st
And I want a weekend away with 2 nymphomaniac supermodels.
Again?
I agree the best way forward is to cut the owners out. A couple of the owners would be more than happy to walk away from VA as they have other issues to deal with.Q. wrote:Jim05 wrote:Virgin Australia is owned byQ. wrote:Booney wrote:Virgin Australia asking the government for a $1.4bn loan to avoid going into administration.
Chinese Conglomerate HNA Group own 20% of Virgin Australia and have refused to provide any financial assistance despite asking for the $1.4Bil handout. Any taxpayer bailout ends up in their hands and the rest of the foreign owners.
Singapore Airlines 20%
Etihad 20%
HNA Group 20%
Nanshan 20%
Richard Branson 10%
Public shares 10%
All the others apart from Branson have said no as they are dealing with their own debt issues.
They are a good airline and we need 2 airlines in this country as they employ 10,000 Australians and have many thousands who are indirectly employed with them. They are a vital piece of our tourism industry but unfortunately due to the last CEO being terrible they lost too much money. The new CEO is excellent and has only been in the job 12 months but had Virgin on the road to profitability before this pandemic broke out. I don’t agree with just giving them a hand out but would be happy if they were helped out some way. Going into voluntary administration might be the only way forward and that would atleast get rid of a couple of deadweight owners
This is actually a Singapore government sovereign wealth fund called Temasek Holdings.
The latest accounts of the Singapore Government’s Temasek Holdings show it has S$313bn (AUD$364bn) in total assets, which is 1,300 times its share of the $1.4bn sought by Virgin Australia, based on its stake in Virgin Australia. 36 percent of its assets are liquid, such as held in the form of cash or “cash equivalents”, representing A$131bn.
Our Government has the power, should they push a quick act through Parliament, to buy Virgin’s business on “just terms”. The whole lot - pilots, engineers, flight attendants, check-in staff, landing slots, terminals.
am Bays wrote:Q. wrote:Virgin Australia is owned byJim05 wrote:Q. wrote:[quote="Booney"]Virgin Australia asking the government for a $1.4bn loan to avoid going into administration.
Chinese Conglomerate HNA Group own 20% of Virgin Australia and have refused to provide any financial assistance despite asking for the $1.4Bil handout. Any taxpayer bailout ends up in their hands and the rest of the foreign owners.
Singapore Airlines 20%
Etihad 20%
HNA Group 20%
Nanshan 20%
Richard Branson 10%
Public shares 10%
All the others apart from Branson have said no as they are dealing with their own debt issues.
They are a good airline and we need 2 airlines in this country as they employ 10,000 Australians and have many thousands who are indirectly employed with them. They are a vital piece of our tourism industry but unfortunately due to the last CEO being terrible they lost too much money. The new CEO is excellent and has only been in the job 12 months but had Virgin on the road to profitability before this pandemic broke out. I don’t agree with just giving them a hand out but would be happy if they were helped out some way. Going into voluntary administration might be the only way forward and that would atleast get rid of a couple of deadweight owners
This is actually a Singapore government sovereign wealth fund called Temasek Holdings.
The latest accounts of the Singapore Government’s Temasek Holdings show it has S$313bn (AUD$364bn) in total assets, which is 1,300 times its share of the $1.4bn sought by Virgin Australia, based on its stake in Virgin Australia. 36 percent of its assets are liquid, such as held in the form of cash or “cash equivalents”, representing A$131bn.
Our Government has the power, should they push a quick act through Parliament, to buy Virgin’s business on “just terms”. The whole lot - pilots, engineers, flight attendants, check-in staff, landing slots, terminals.
am Bays wrote:Lightning McQueen wrote:Brodlach wrote:Trump wants the US fully open May 1st
And I want a weekend away with 2 nymphomaniac supermodels.
Who have their own liquor store and "tobacco" plantation...
amber_fluid wrote:Lightning McQueen wrote:Brodlach wrote:Trump wants the US fully open May 1st
And I want a weekend away with 2 nymphomaniac supermodels.
Again?
Brodlach wrote:
Males this time
Lightning McQueen wrote:amber_fluid wrote:Lightning McQueen wrote:Brodlach wrote:Trump wants the US fully open May 1st
And I want a weekend away with 2 nymphomaniac supermodels.
Again?
Yeah, they hooked up with each other last time and it was cold outside.
Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
Booney wrote:Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
No changes for the next 4 weeks.
I reckon at the end of that we'll definitely see changes, restaurants, pubs etc.
Booney wrote:Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
No changes for the next 4 weeks.
I reckon at the end of that we'll definitely see changes, restaurants, pubs etc.
Booney wrote:Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
No changes for the next 4 weeks.
I reckon at the end of that we'll definitely see changes, restaurants, pubs etc.
amber_fluid wrote:Booney wrote:Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
No changes for the next 4 weeks.
I reckon at the end of that we'll definitely see changes, restaurants, pubs etc.
I’m not sure why they don’t put a date on it.
Make it June 1st........... unless we see high cases reported daily.
Businesses can at least then plan towards that date and inform employees of rosters etc.
Jase wrote:
From a selfish point of view, I would prefer to see Kid's sport opened up first, purely because Senior Miss Jase is bouncing off of the walls and desperate to get back to competition gymnastics...
amber_fluid wrote:Booney wrote:Brodlach wrote:Watching ScoMo, most positive he has been.
Reckon we will be moving to less restrictions within the month, 6 weeks tops
No changes for the next 4 weeks.
I reckon at the end of that we'll definitely see changes, restaurants, pubs etc.
I’m not sure why they don’t put a date on it.
Make it June 1st........... unless we see high cases reported daily.
Businesses can at least then plan towards that date and inform employees of rosters etc.
Booney wrote:I reckon he's got it right here, he's said enough to suggest in 4 weeks we'll be looking at lifting restrictions without actually saying in 4 weeks we'll be lifting restrictions.