AIR - Air NZ.

[Snow Leopard]

http://www.nzherald.co.nz/business/n...ectid=11924331

Wow..who knew an A380 takes over 300,000 liters of aviation fuel to fill it up !

Yeah. There is nothing worse than pulling in to get a few litres for the motorbike and seeing one of those bad boys in the queue ahead of you .

[Beagle]

Yeah. There is nothing worse than pulling in to get a few litres for the motorbike and seeing one of those bad boys in the queue ahead of you .

Too funny !!!

[tobo]

Each RR Trent 900 has been cleared to eventually certify at 81,000 lbs of thrust (more than 75,000 HP). It is currently being run at 76,500 lbs (about 71,000 HP) (ie. 53,000kw)
x 4 engines = 212,000kw.
Serious peddling might produce 400kw, so need 530 passengers peddling hard.

So a bit short but not so out of the question.

Think of the other advantages.
Good for not getting stiff legs. . .but need to feed the passengers more calories.
And give them a discount for fuel saved.

[meltical]

So for emergency backup contingency, install this high tech device at all seating positions and get the passengers to provide input to drive the generator to drive the electric turbo engines and hey presto problems solved... who needs fuel...

Attachment 9180

you reckon team NZ could start flying some Air NZ planes around

[Poet]

Each RR Trent 900 has been cleared to eventually certify at 81,000 lbs of thrust (more than 75,000 HP). It is currently being run at 76,500 lbs (about 71,000 HP) (ie. 53,000kw)
x 4 engines = 212,000kw.
Serious peddling might produce 400kw, so need 530 passengers peddling hard.

So a bit short but not so out of the question.

Think of the other advantages.
Good for not getting stiff legs. . .but need to feed the passengers more calories.
And give them a discount for fuel saved.

A reasonably fit person on a bike could sustain around 200 Watts of power output, so 530 people pedaling hard together could maybe manage 100kW in total. A long long way short of 212,000 kW.

[Fatboyj]

Can Air claim compensation from whoever for the massive numbers of cancellations and extra costs associated with this fiasco? Thankfully the SP has stopped its slide today.

[Beagle]

Can Air claim compensation from whoever for the massive numbers of cancellations and extra costs associated with this fiasco? Thankfully the SP has stopped its slide today.

Good question and I am sure their lawyers will be looking into that. There also exists the possibility that they may have business interruption insurance for this sort of thing. I am just assuming it dents their current year's profit by about 1.5 cps as a one-off matter and won't affect future year's earnings so have just lowered my valuation by 1.5 cps. In the meantime here's an update regarding the situation. http://www.msn.com/en-nz/news/nation...cid=spartandhp

[peat]

Can Air claim compensation from whoever for the massive numbers of cancellations and extra costs associated with this fiasco? Thankfully the SP has stopped its slide today.

I dont know the terms or type of their policies and cover however it is possible under one of the standard extensions to the agreement which I have pulled from a generic policy below

You are insured for business interruption resulting directly from property damage to thebuildings, plant, equipment, or supply lines, located in New Zealand, of any public utility thatsupplies:1. power or gas, or2. water or sewage disposal, or3. telecommunications,to your business.


(having worked on EQ BI claims for years, I do have some experience in this area)

[Scrunch]

Assuming this sort of event is covered, there could also be the issue of the policy excess. For a company making the sort of money AIR do, they may effectively self unsure all but the really big stuff. A couple of weeks and everything should be back to normal.

[Beagle]

Assuming this sort of event is covered, there could also be the issue of the policy excess. For a company making the sort of money AIR do, they may effectively self unsure all but the really big stuff. A couple of weeks and everything should be back to normal.

Quite correct, policy excess could be quite a few million. I am sure AIR management will have something to say on the subject at next Thursday's annual meeting....which is right beside the on the water boat show in the Viaduct harbor which starts on the same day...how convenient is that ! http://www.auckland-boatshow.com/ Can't see much work being done that day ! Not sure who engineered that coincidence but I'd like to give them a pat on the back