Come fly with me and fly me away |
| Tony Fung's new toy |
Aquis corporate jet Boeing 757-200. Last manufactured in 2005. More than 1000 built over 23 years. Commercial passenger capacity: 200. Aquis has about 30 leather first class seats, including individual recliners, lounges and dining tables. Brought out of storage and refitted earlier this year. A basic second-hand 757 is $6m$10m with a total VIP conversion price tag of $28m-$35m. Registered in Barbados: VQ-BTF. Billionaire Donald Trump’s 757 is the most high profile, costing $100m, and includes gold tap fittings. Fuel capacity: 43,490 litres. Range: 7222km. Cruising speed: 980km/h. Length: 47.32m.
Although he doesn't have the investors as yet for Aquis they can start to practice the fly in flyout routine and are the intentions to cut out the other airlines? not bad thinking, anything could happen.
Note the registered base for this aircraft (in red) Barbados the tax free haven:
https://www.google.com.au/search?sourceid=navclient&aq=&oq=barbados+tax+haven&ie=UTF-8&rlz=1T4VSND_enAU587AU587&q=barbados+tax+haven&gs_l=hp..0.0j0i22i30.0.0.2.42940...........0.KuV4u47-IqE
Check out the links below:
http://cairnsbiz.blogspot.com.au/2014/01/fungwatch.html
http://cairnsbiz.blogspot.com.au/2014/06/tony-fung-past-business-deals-and-bvi.html
This is a small proportion of what was reported in the Cairns Post today (August 19, 2014):
http://www.cairnspost.com.au/business/hong-kong-tycoon-encouraged-by-interest-in-aquis-resort-plan/story-fnjpusdv-1227028595398
HONG KONG tycoon Tony Fung is buoyed by the “positive” feedback from Chinese investors to his $8.15 billion Aquis mega-resort planned for Yorkeys Knob.
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| Tony Fung |
There were plenty of smiles, handshakes and laughter as he and son Justin escorted the first wave of eight through the Cairns International Airport terminal to the new Aquis Boeing 757 corporate jet yesterday.
They included China Poly Group Corporation president Zhang Zhengao – on his first visit to Cairns – who has had a business relationship with Mr Fung for 20 years.
“I’m doing it gingerly because I don’t have everything in my hand.
“It’s coming, progress is good, it’s not there yet, but I’m not complaining.’’
Mr Fung said the investors were backed by “very large” capital funding and the group of eight were the first he had personally hosted.
He said the investors visited the Yorkeys Knob site, the Reef Hotel Casino (which he has made a $269 million takeover bid for), the Great Barrier Reef by helicopter, other parts of the Far North and attended special dinners over the weekend.
(keep in mind that the ASX doesn't close until the 31 October, 2014 so total ownership of the Reef Hotel Casino will be in limbo till then and not forgetting the ACCC inquiry).
Mr Trout said it put to bed speculation that Aquis could not be funded, because it was clear the Fung's had access to vast amounts of investor finance.
He said Mr Zhang knew how important the Chinese market was to Cairns and ask pertinent questions about the polictical stability in Queensland and Australia.
Wonder what the answer to that was?
As far as the finance goes Tony Fung "may" have access to investor money but will they (the investor) be prepared to part with vast amounts of cash on something that may not go ahead.
The EIS is still up in the air as the Co-Ordinator General department received 250 replies and if he does his job properly he will have to scrutinise all 250 replies.
If there is found to be problems then those problems will have to be rectified and then reconsidered and all of this could another 12 months and don't forget the ACCC inquiry.
Oh! forgot there is an election in March 2015 so there could be a new government or the present one with a very small majority which in today atmosphere tends to be a good thing.
We just have to wait, wait and wait to see the results.
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