Chief AIR operations and safety officer selling down shares earlier this week as did Chris Luxon himself recently but the chief himself assures shareholders that this engine issue is not a safety issue... but he's off to visit Rolls Royce to seek assurances that all is being done to expedite repair of faulty engines ASAP. Mixed messages there.
News like this in the media can not be good for AIR
And now the FAA appear to be looking into it again. Optics on this not looking good. Shame our mate Chris doesn't give us some more colour around the real reason he's off to see Rolls Royce. You'll be releived to be flying to / from South America on the old technology 777-200 I assume ?
Last edited by Beagle; 28-09-2018 at 06:36 PM.
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
Yes probably nothing to worry about except a serious disruption to AIR´s schedule, huge restrictions on the Dreamliner´s flights, recently announced pullback on growth plans on new routes as a result and customer confidence seriously undermined as many people now don´t want to fly on the affected planes. Fine to look the other way but this is a very serious unresolved issue for AIR. How serious it will turn out to be is anybody´s guess but in my view it would be silly not to take this risk into account.
Yes Beagle I am pleased to be flying the old 777-200 on my travels. Wouldn´t fly that distance on the Dreamliners now if that was the option.
Well you know what they say about how to make a small fortune ...
Start with a large fortune then start an airline....
Seriously though... They must be taking the pi$$...$500,000 won't keep them in fuel for more than a few days.....
LOL You wouldn't be able to get all the processes and leases together and organise the regulatory Civil aviation authority approvals for that. This is a rort probably by an unemployed executive with nothing to do looking to fleece people so he can have a fancy salary while he p***** into the wind. Chris Luxon must be "terrified" lol
Last edited by Beagle; 01-10-2018 at 09:59 AM.
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
$500k to start an airline? Someone is dreaming. If they don't even know enough about the business to have a reasonable idea of the start up costs then I would be staying well clear.
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Originally Posted by Beagle
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