Regardless the kind of information that means I would never fly with them again.
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But good to hear that they found a quick solution to bring the Qantas CEO (who happened to be on the first plane) home for New Years eve:
http://www.stuff.co.nz/travel/travel...-New-Years-Eve
Their clearly know how to treat important passengers and have their priorities right. I am sure the wait for the other passengers in Dubai is just so much more pleasant when knowing that the really important people got their flight home in time:D.
Hi Roger,
Good on you for reviewing your investment decisions and to use the outcome for some learning. That's the best way to capitalize on mishaps. I am currently in the same process (and can report that I made a bit of money this year with AIR ;), that's more than I can say about some other investments). Very useful process, and I might expand on that in the next couple of days (when I am finished ... today is more for the beach ...).
Hope your assessment where AIR is going is right - I still think it can go either way from here.
Anyway - happy and prosperous New Year to you and anybody else on sharetrader. Looking forward to plenty of educational discussions in 2017.
I hear you, but the reality is there is a priority order. EG, on AIR, if a flight is cancelled, the ground staff immediately allocate Gold Elites to the next flight (s) with seating available, followed by Gold, Silver, etc, before you even get to the counter. If you don't have a loyalty card, you are custard. This applies to most, if not all airlines.
I was on a cancelled flight out of Invercargill (and was GE at the time) and was flying with 2 colleagues who were 'custard class' This was my first ever cancelled flight whilst being GE, and I was not expecting to be treated any differently, so we all joined the queue to rebook. I was surprised to find I was already booked on next available, whilst my colleagues were 4 hours later.
As an aside, one of them had a young family to get home to, for me it didn't matter if I was late, so I offered to swap flights. The ground staff looked at me twice, but were happy to follow orders. In appreciation my colleague bought me a Powerball random dip, which struck first division and 26million powerball.:eek2:
Nah, didn't:p...... happy 2017 investing everyone:t_up:
I'll tell you another dirty little secret about cancelled flights.
Often the putting up stranded passengers in hotels and transport to and from are the responisibility of the ground handling contractor who is often bulk funded for this.
If the cancellations and accomdation costs during the contract period are below projections the contractor gets to trouser the funds. On the other hand if costs exceed projections the extra cost comes out of the contractors wallet. So if you are grounded due to a cancellation you are often at the mercy of a contractor motivated to minimise costs.
In one instance I was involved with a flight was cancelled and we were booked on an alternative flight at a nearby airport late at night. Unfortunately we were held up getting to this airport. Because the airline had a different ground handling contractor at each airport and there was no co-ordination between them they failed to hold the flight so we were stuck in a hotel overnight when a 15 or 20 minute delay to the plane could have got everone on board and happily on their way.
Boop boop de do
Marilyn
PS. Poor optics for the CEO of Queer and Nasty Airlines to be winging his way home while fellow passengers were still stranded. All customers are equal but not as worthy as their executives.
[QUOTE=Xerof;649989]I hear you, but the reality is there is a priority order. EG, on AIR, if a flight is cancelled, the ground staff immediately allocate Gold Elites to the next flight (s) with seating available, followed by Gold, Silver, etc, before you even get to the counter. If you don't have a loyalty card, you are custard. This applies to most, if not all airlines.
I was on a cancelled flight out of Invercargill (and was GE at the time) and was flying with 2 colleagues who were 'custard class' This was my first ever cancelled flight whilst being GE, and I was not expecting to be treated any differently, so we all joined the queue to rebook. I was surprised to find I was already booked on next available, whilst my colleagues were 4 hours later.
As an aside, one of them had a young family to get home to, for me it didn't matter if I was late, so I offered to swap flights. The ground staff looked at me twice, but were happy to follow orders. In appreciation my colleague bought me a Powerball random dip, which struck first division and 26million powerball.:eek2:
That is true and experienced that however that is different than kicking people off the next flight to make room...never seen that happen.....
I was in the neighborhood so stopped by the airport viewing area yesterday evening and was treated to the rare sight of an AIR Dreamliner landing while another was first in the queue on hold ready for takeoff. I must admit it gave me a quiet sense of satisfaction to see these two new modern and highly efficient aircraft working hard for us shareholders during our holiday's.
With nine of these highly efficient birds now online and no major heavy maintenance due on them for the first nine years I watched the second one take off into the sunset and thought to myself...I wonder if people are underestimating the degree of new efficiencies these bring to AIR ?
What airlines actually pay for aircraft is usually a closely guarded commercial secret but its no secret that nobody pays list price.
The list price is now apparently over U.S.$250m for the 787-9 and Chris Luxon did let it slip at the 2015 annual meeting that they cost AIR only $150m to AIR after receiving a very special launch discount.
I had thought previously he'd meant $U.S.150m (although U.S. currency certainly wasn't mentioned when he talked of the $150m purchase cost) but maybe he meant $150m $Kiwi ?
If so that would represent an extraordinarily good deal for the 787-9 version and perhaps even better than larger airlines, see this link, an oldie but a very good one for considering what sort of bargain we really got considering what they are rumored to cost to produce ! http://www.forbes.com/sites/afonteve.../#44de1e80450c
I think this Dreamliner acquisition which had its roots about a decade ago, (9 on hand now, 3 more firm orders over the next 3 years and 6 more options) sets AIR up very nicely for operational efficiency for the next 15-20 years. New ATR600's are a real accountants aircraft too, extremely cheap to run.
Anyway it seems money still talks, (no surprises there and that will never change) and lots of money still talks loudly no matter who's doing the talking, see discounts Iran AIR say they're getting on their $10 billion dollar deal. https://www.nbr.co.nz/article/carry-...unts-ng-198318
If you're bored in the holidays and want to know about the interesting way Boeing accounts for the costs on these aircraft among many other things, this is an interesting read https://en.wikipedia.org/wiki/Boeing_787_Dreamliner
Hey Roger - looks like you'll have to fly Jetstar to Queenstown next trip - no room on the ground for your private jet
http://www.stuff.co.nz/business/8803...ts-turned-away
LOL mate. Tough at the top when there's no space to park one's Gulfstream 650 isn't it !
My one's ready next month and I can't even take it to Queenstown :D http://www.bing.com/videos/search?q=...=0&FORM=VDMCNL
AIZ going well on ASX today
Bodes well for 220 plus tomorrow
This is going to be a great year
No worries
I forgot Air was dual listed! Will check it out.
Looking at yahoo charts and comparing AIZ and QAN
https://au.finance.yahoo.com/q/bc?s=...l&q=l&c=QAN.AX
QAN share price has outperformed AIZ over 1, 6, 12 and 24 month periods
Hmm - might need to swap if I want to have an airline stock longer term. QAN has the advantage of being bigger and listing on a bigger home exchange
Bea bugger if NZDAUD reached parity though
Think of your carbon footprint Roger; something more down to earth perhaps
A tiny house with wings for walls - Westphoria - Sunset
Well circa 9% net dividend for foreseeable future does look compelling