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Thread: AIR NZ

  1. #14311
    An Awesome Cool Cat winner69's Avatar
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    @stevebiddle
    The @flyairnz on time performance at present truly is abysmal. Needs to be the core focus of the airline this year.

    And a few minutes later

    @stevebiddle
    More delays.. More broken planes.. The joys of flying @flyairnz
    Last edited by winner69; 01-02-2019 at 05:41 PM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

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  2. #14312
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    Yes Benny1 we need all the humour we can get with the SP of this where it is. Have a good weekend...but maybe skip hiring the architect for a refurb of the house...you never know what might happen do you...
    No butts, hold no mutts, (unless they're the furry variety).

  3. #14313
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    Quote Originally Posted by couta1 View Post
    Nearly there.
    You getting ready to do a Couta1 ?
    No butts, hold no mutts, (unless they're the furry variety).

  4. #14314
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    Quote Originally Posted by Beagle View Post
    You getting ready to do a Couta1 ?
    Only if its goes below fair value by a margin, too risky as an XOS divvy strip play currently.

  5. #14315
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    Quote Originally Posted by Beagle View Post
    Yes Benny1 we need all the humour we can get with the SP of this where it is. Have a good weekend...but maybe skip hiring the architect for a refurb of the house...you never know what might happen do you...
    Have to say I have no idea what you are on about???
    Got to admit it was a little amusing....

  6. #14316
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    Quote Originally Posted by couta1 View Post
    Only if its goes below fair value by a margin, too risky as an XOS divvy strip play currently.
    $2.50 cum an 11 cent divvy would definitely get me standing to attention https://www.dreamstime.com/stock-pho...-image48370953
    No butts, hold no mutts, (unless they're the furry variety).

  7. #14317
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    Quote Originally Posted by Benny1 View Post
    I agree sack all the engineers that will fix it!!! Some are due to leave in the next few years anyway, Let’s pay them a year’s salary to leave tomorrow so they can go to the beach and drink beer!
    We have only done that heaps of time’s before, only to re-employee them later… we love paying staff a year’s wages to only re-employee them again… ( We never seem to learn that one) I know one guy who’s done that about 4 times!!!!
    AIR is certainly not the only company guilty of that ... SPK is getting quite good at it too ...

  8. #14318
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    Quote Originally Posted by oldtech View Post
    AIR is certainly not the only company guilty of that ... SPK is getting quite good at it too ...
    Said that bit a little tongue in cheek but do realise it is well and truly an option the company may take up.
    The axe has been hanging for a couple of years now particularly in certain areas of engineering, yes well and truly before the last negotiations.
    Still won't stop the big I told you so's on here.

  9. #14319
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    Benni1 or anyone else, do any of you know where exactly AIR is at with the RR repairs and when the Dreamliners may be back in normal and full schedule service, rather than running leased or much more inefficient planes than planned !

  10. #14320
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    Quote Originally Posted by iceman View Post
    Benni1 or anyone else, do any of you know where exactly AIR is at with the RR repairs and when the Dreamliners may be back in normal and full schedule service, rather than running leased or much more inefficient planes than planned !
    Nope no idea how long this will drag on for..
    It will be for quite a while yet.
    This is not something that will be resolved this year...
    As far as the leased planes go... This is a very fluid situation.. I would most likely expect the EVA 777-300 would be the first to go.. The lease would be quite a lot more than for the other two.
    This will all of course depend on the extent of the apparent softening in tourist demand.. The schedule may reduce to a point that the airline can manage with just their own fleet allowing for a few 787's being parked up at any one time.. 4 out of service at the moment .. however some engine's will be available over the next few weeks... Again not sure how many aircraft will actually get back flying.. possibly a couple.
    Sorry probably doesn't help too much!

  11. #14321
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    Thanks Benny1. Yes this was good info. Pleased I sold out when these issues hit and based on your answer re RR issues, no need at all to rush back in for me. Just all too uncertain and risky for me to invest in an airline with such issues hanging over them.
    Last edited by iceman; 02-02-2019 at 08:11 AM.

  12. #14322
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    Quote Originally Posted by Benny1 View Post
    Nope no idea how long this will drag on for..
    It will be for quite a while yet.
    This is not something that will be resolved this year...
    As far as the leased planes go... This is a very fluid situation.. I would most likely expect the EVA 777-300 would be the first to go.. The lease would be quite a lot more than for the other two.
    This will all of course depend on the extent of the apparent softening in tourist demand.. The schedule may reduce to a point that the airline can manage with just their own fleet allowing for a few 787's being parked up at any one time.. 4 out of service at the moment .. however some engine's will be available over the next few weeks... Again not sure how many aircraft will actually get back flying.. possibly a couple.
    Sorry probably doesn't help too much!
    I have my serious hat on today. I don't understand from as legal point of view why AIR are not climbing into RR over the obvious impact on the airline with this engine issue.
    RR have a market cap of 17 Billions pounds https://www.rolls-royce.com/investors/share-price.aspx so I don't accept a fully litigious approach would have any catastrophic effect on RR.

    I'm going to be all over this issue at the next annual meeting and won't take the usual "commercial confidentiality" response without some serious barking. I can't see why AIR don't have a strong actionable case against RR and I think the losses the airline are experiencing because of this issue may be recoverable once this fiasco is sorted.

    I am watching the share price decline closely on the basis that at some point I think this becomes a BUY especially if one looks through their current issues and values the company on a DCF basis. I was surprised by Friday's fall but that may not be the end of it. Fortunately I have a fairly modest position at present but I am looking to acquire a good meaningful stake at the right time.

    Speaking of engine issues I have my own and it really rocks your confidence. Brand new ZB Commodore Calais V delivered just before Christmas. Engine seized 20 days and 850 km's later. Unlike AIR I don't take these sort of issues lying down but then again there are more than two engine manufacturers so that makes it easier...
    Last edited by Beagle; 02-02-2019 at 10:16 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  13. #14323
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    Quote Originally Posted by iceman View Post
    Benni1 or anyone else, do any of you know where exactly AIR is at with the RR repairs and when the Dreamliners may be back in normal and full schedule service, rather than running leased or much more inefficient planes than planned !
    Some guy on the internet claimed Rather Rocky Motors had received certification from the FAA and its European counterpart for a redesigned impeller blade. I would imagine these are being manufactured quickly for installation in affected engines. This replacement would require an engine removal and tear-down.

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    Marilyn
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  14. #14324
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    Quote Originally Posted by Beagle View Post
    Speaking of engine issues I have my own and it really rocks your confidence. Brand new ZB Commodore Calais V delivered just before Christmas. Engine seized 20 days and 850 km's later. Unlike AIR I don't take these sort of issues lying down but then again there are more than two engine manufacturers so that makes it easier...
    Its an Opel/Vauxhall - what were you thinking.

  15. #14325
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    A job for you Beagle ...will be extremely well paid
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    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

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