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02-07-2020, 12:03 PM
#17751
Junior Member
Originally Posted by winner69
Extension of WLG runway into Cook Strait ludicrous plan but they seem hell bent on pissing off the locals in still pursuing it.
It's a combination of local politicians wanting a legacy project, and their erroneous assumption that carriers were lining up to fly long haul to Wellington pre-covid. Infratil didn't even want to even stump up their full share of the project cost compared to their equity in the airport company, which tells you how much return they expect to see from it.
Singapore Airlines had to be subsidised by Wellington ratepayers to fly the Singapore-Melbourne-Wellington route, to the tune of $800,000 per year. Air NZ has stated they have no interest in flying long haul out of Wellington with a runway extension, and that was all in pre-covid times. Seems like a huge expenditure for questionable and uncertain gains.
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02-07-2020, 12:24 PM
#17752
Originally Posted by winner69
Today at the hearing into the Wellington airport expansion, the Wellington airport gave evidence that they and airnz expect things to be back to normal flight levels, with a covid19 vaccine, by 2021.
Let's see if this optimistic prediction ages well.
An effective vaccine distributed throughout the world and to a level that is effective herd immunity by 2021 let alone during 2021. Not going to happen on that time line. Don't have the verified trial completed of a vaccine yet....
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02-07-2020, 12:34 PM
#17753
Foran's 800 day plan is for travel to be back to 70% by August 2022. I think he's very optimistic.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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02-07-2020, 09:38 PM
#17754
Originally Posted by Raz
An effective vaccine distributed throughout the world and to a level that is effective herd immunity by 2021 let alone during 2021. Not going to happen on that time line. Don't have the verified trial completed of a vaccine yet....
This is a big point a large number of people don't understand.. pointless to preach this since most in the investing community don't have a scientific background so don't actually understand how these things work.
Especially cringe when I hear CNBC news telling me the market went up on VACCINE HOPE!@!@
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03-07-2020, 11:25 AM
#17755
Originally Posted by Mogul
Still pissed off with Air NZ. So flying Jetstar tomorrow. Cheaper.
Safer, (free mask and wipes upon request) and cheaper. As for the AIR share price all I can say is that its pretty obvious the second round of stimulus cheques have started to flow
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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03-07-2020, 11:42 AM
#17756
Originally Posted by Beagle
Safer, (free mask and wipes upon request) and cheaper. As for the AIR share price all I can say is that its pretty obvious the second round of stimulus cheques have started to flow
The last week of July is the cut off for the US stimulus cheques so lets see if that has any effect on the market in time. A lot of people are risk adverse now on flying, no one in my family wants to re-engage with the world let alone flying anywhere ...
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03-07-2020, 12:03 PM
#17757
The amount of time its taken AIR to short out the basics of PPE and Crews surely indicates why as investors we have always traded NZ stocks since it almost impossible to determine there performance until its to late. FBU ect.
It also shows that NZ AIR and the government have found the logistics of implementing new behavioural systems , IT , train civilian staff at all part of the chains to be a SLOW process taking months. It will take much much longer to get a system in place for a safe opening up of parts of the border. Hence why many of the old hands here are waiting for a much lower share price or maybe have removed air lines off the investing radar for good.
Last edited by Waltzing; 03-07-2020 at 12:04 PM.
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03-07-2020, 08:04 PM
#17758
AIR getting 4 new Dreamliner engines delivered. Hopefully they will work as expected https://www.stuff.co.nz/business/ind...ckland-airport
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03-07-2020, 08:25 PM
#17759
Great, they finally get these engines when they no longer need them. That's Rolls Royce "service" for you.
Speaking of so called RR service standards....why do I get the feeling that AIR are simply playing Russian Roulette with passenger safety ? https://www.stuff.co.nz/business/122...mestic-flights
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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03-07-2020, 09:15 PM
#17760
yes i have posted a couple of those. Amazing ..... leads to assume more companies and organisations in NZ are run like that....she 'll be right ...
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