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19-11-2013, 11:16 AM
#1001
They've got deep pockets over there in Dubai
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19-11-2013, 12:05 PM
#1002
Member
Originally Posted by skid
They've got deep pockets over there in Dubai
They sure have, Emirates ordered 50 new A380 airbuses the other day.
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19-11-2013, 12:33 PM
#1003
Originally Posted by skid
They've got deep pockets over there in Dubai
100 billion of orders to Boeing this week
Emirates 150 odd 777s whatever they are
http://america.aljazeera.com/article...aiairshow.html
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19-11-2013, 02:21 PM
#1004
Originally Posted by TimmyTP
I travel on 777-200ERs to and from HK mostly and they are very tired IMO. A few years ago, they were spanking new and fabulous; now I often find seats and controllers in economy are broken & just looking worn. The business class cubicles have not fared well, with what looks like polyfilla in worn areas for some time now. Can't remember being in an AirNZ 767 so no comment about those.
Having said that, I suspect the US routes are more up-to-date; I get the feeling that's their focus and perhaps where the $ is.
Yes, some of the 777-200ER's are looking quite tired but they are all scheduled to be refurbished beginning in early 2014. IMO this should be done immediately, but I guess AirNZ may have deferred this upgrade for cashflow or logistical reasons.
I do wonder whether the new white coloured BP seats in the 777-300ER's will weather well, compared to the brown coloured seats which tend to hide scuff-marks/damage much better. This might lower the lifespan of the product and hence raise costs. Time will tell.
Originally Posted by TimmyTP
Business AKL to LHR return last month - ~NZD11k on NZ (would have been 777s all the way I think & similar price whichever route) vs ~NZD8k on SG (mix of 777 and A380 via Singapore). There appeared to be plenty of spare seats on AirNZ very close to departure (as a shareholder at the time, I was very interested so I kept and eye on it).
That's a very good price via Singapore, more comparable to the BP specials on AirNZ. Well done! The Oneup upgrades usually take a few empty seats from BP as do recognition upgrades, but I do get the feeling that the revenue team purposefully hold back some Oneup upgrades that otherwise would have made it, just to ensure that the system isn't being gamed.
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19-11-2013, 02:46 PM
#1005
Member
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19-11-2013, 03:30 PM
#1006
Originally Posted by percy
I find Jetstar web site easier to use, and Jetstar deals are better than AIR's.
Would not buy Qantas shares however.
Jetstar let you down in my experience. They have no qualms about cancelling a flight.
However I am also of the opinion that anecdotes don't provide a valid analysis for evaluating a company as an investment
For clarity, nothing I say is advice....
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19-11-2013, 06:21 PM
#1007
AIR sell down completed at 1.65.
http://www.nzherald.co.nz/business/n...ectid=11159607
IMO, This is quite bullish. Most sell-downs have a discount.
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19-11-2013, 06:42 PM
#1008
I cannot fathom that at all. How do the govt manage to do that. They got top price for MRP, near top for MELCA and now top price for AIR. Why would anyone want to buy at 1.65 in this placement when they were readily available on market at 1.65. Supply has now increased significantly and I cannot see them go up in the near future. Puzzling.
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19-11-2013, 06:51 PM
#1009
Originally Posted by blackcap
I cannot fathom that at all. How do the govt manage to do that. They got top price for MRP, near top for MELCA and now top price for AIR. Why would anyone want to buy at 1.65 in this placement when they were readily available on market at 1.65. Supply has now increased significantly and I cannot see them go up in the near future. Puzzling.
For many institutions AIR would have been unattractive prior to the sell down because:
1. Liquidity was poor
2. They knew a sell down was coming and just needed to wait. They probably thought they could get the shares at a discount.
These 2 factors are gone now. Also, the free float has nearly doubled. This means AIR will move up the indexes. Expect institutions to be buying in for this reason as well.
Most brokers think AIR is cheap at these levels. Consider this, AIR is trading at less than half the PE ratio of the power companies. At least AIR has potential for growth. Thus I don't think the government have got top price.
Come election time, I reckon AIR will be the only SOE float in the black.
Last edited by noodles; 19-11-2013 at 06:53 PM.
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19-11-2013, 07:23 PM
#1010
So when are you going to sell up Belg :-))
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