AIR - Air NZ.

[Cyclical]

Meanwhile, the share price is up a couple of cents so far this morning. What a joke.

This neat little negotiation that has been done for the pilots...can the company back track on that later down the track, or do we just have to wait until they are completely driven into the ground? It's really hard to imagine how it is sustainable, and as a tax payer and a customer, I don't want to be paying for it. At least the fares should be high enough to attract some competition back in I guess...going by the ineptitude of management shown so far in this process, they probably haven't even considered the possibility of tough competition though, be that domestic or international.

[dobby41]

I'm happy for them to be paid well when its a decent old Nor Wester blowing in Wellington .
What I don't understand 900 pilots left on the roster and maybe a dozen flights a day,this needed to be cut back more to make the airline viable. You are paying them to sit around and do nothing. How will they keep their hours up ?

Could be that the company is looking out a little longer than just the dozen flights a day.
Sack them now and it may be much harder to ramp up when they can.

[Cyclical]

Are they hoping for sympathetic treatment when the govt eventually buys them out?

A little cuddle and a golden handshake...I bloody hope not. It will be a disgrace if they've tightly contracted in this arrangement only for the inevitable carry of the can by the tax payer.

[stoploss]

Could be that the company is looking out a little longer than just the dozen flights a day.
Sack them now and it may be much harder to ramp up when they can.

dobby I don't think they will be a "little longer" if they don't get the costs right down ..... ( Firmly believe the Govt will end up owning 90 % + as we need a national airline )

[Jantar]

I don’t understand why these positions are paid so much. Sure you need mentally stable and physically fit people but flying a modern jet cannot be that hard. ..

It isn't that the job is hard to learn, but rather the cost of learning. My son is a captain flying for QANTAS internally, and currently stood down. He has now got his student loan down to $156,000 for learning to fly and getting all the relevant ratings.

[Cyclical]

dobby I don't think they will be a "little longer" if they don't get the costs right down ..... ( Firmly believe the Govt will end up owning 90 % + as we need a national airline )

Have we considered the prospect of no Air NZ? We don't seem to need NZ owned banks...

[Beagle]

"Learning to Fly" Couldn't resist ! We might as well have some fun with this. Enjoy https://www.youtube.com/watch?v=nVhNCTH8pDs

[dobby41]

Have we considered the prospect of no Air NZ? We don't seem to need NZ owned banks...

We have NZ owned banks - was thought to be a good idea.
I can't imagine an overseas airline having NZ interests at heart.

[Cyclical]

We have NZ owned banks - was thought to be a good idea.

Indeed. I'm with a "kiwi bank" and I think we all should be, but we don't need them do we.

[Brain]

It isn't that the job is hard to learn, but rather the cost of learning. My son is a captain flying for QANTAS internally, and currently stood down. He has now got his student loan down to $156,000 for learning to fly and getting all the relevant ratings.

Thanks for that. Those sort of costs will constrain pilot supply to some degree. Do you know on what basis they are paid bonuses?