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Virgin Blue's money plane takes off
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http://www.businessspectator.com.au/...T?OpenDocument Scott Maybe thats why the plastic is or was, around the jet engines on VH-VGA, all the seats not installed, plus a delivery date some time in November. |
#2
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From the linked article
"Virgin only has a few years of opportunity to break into the trans-Pacific market with the 777s before the expansion of the Qantas A380 fleet leaves it with uncompetitive per-seat costs compared to the larger aircraft. Air treaty reforms will then throw all routes open to all comers. " This is by no means factual is it ? |
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Thanks for posting!
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I would have thought finance would have been sorted out long before the plane was basically finished
One would ASSUME that DJ/VA scraped this finance through at the last minute! NB: I have no facts to back this ASSUMPTION ONLY up, it's just a punters viewpoint |
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Virgin will probably have made progress payments on the aircraft it will own when it signed an MoU to hold a production slot, another when the contract was signed, and another will be paid upon delivery. For leases, an airline will usually pay deposit equal to a couple of months lease payments when the aircraft is ordered, a progress payment close to delivery, and then the first term payment (usually a month or a quarter) on delivery. Blue chip airlines (QF, BA, CX etc) may get more relaxed terms, while start ups may have tougher terms. Cheers
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#7
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As I understand it;
VGA is 'wrapped up' because of ongoing B777 delays associated with a shortage of galley parts and now a Boeing staff strike. The seats wont be getting installed in Seattle at any rate anyway! VGA is the only leased aircraft and only because it was the quickest 777 slot it could get. As for the rest of 'financial speculation' .. I wouldn't read too much into it to be honest. |
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So we've heard a delivery date of mid-November for VA's first bird.... will 1 month be enough of a timeframe for DJ/VA to get things all ready for VA's inaugural flight on Dec. 15th?
I'm not being skeptical, just wondering if 1 month is enough for the airline to get familiar enough with the new aircraft type and new longhaul route?
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