Does anyone have any insights as to what may come out of the so called QANTAS review.

26 replies

moa999

Qantas - Qantas Frequent Flyer

Member since 02 Jul 2011

Total posts 835

whipper,

Dixon ordered the A330s and the B787s.

B787s in 2005

A330s along with additional A380s in 2006

Its more recent management that canned some of the B787 orders

PLATY

Member since 19 Jan 2012

Total posts 138

A simple question Whipper - how much did AJ actually gain by grounding the airline for its cost (memory may be faulty but losses of 200m spring to mind).

You think that offsets a very modest pay claim?

The anti-staff line really grates. These are the people who make the airline what it is. They deserve to get paid for that. And get paid given the context of the country in which they live = Australia.

Dixon was prepared to get a $100 million bonus (= 1,000s of staff salaries and didn;t have a probelm with it...

Joyce is a poor leader (and so was Dixon), time to stop blaming others for their failings

PLATY

Member since 19 Jan 2012

Total posts 138

And Whipper, it would seem the alliance with EK hasn't stemmed the losses (with a $1 billion loss looming), any more than Joyces other brainwaves - try 7 or is it 11 A320s sitting idle in JQ HK/Asia.  

Can't blame the local workers for those can you? 

TheRealBabushka

Member since 21 Apr 2012

Total posts 2,059

A quick question: If Qantas collapses and a new airline is reconstituted from its ashes, would this new airline be burdened by the Qantas Sale Act?

Could Qantas pull a Swiss?

PLATY

Member since 19 Jan 2012

Total posts 138

Recast the question - what are the limits on Jetstar 

moa999

Qantas - Qantas Frequent Flyer

Member since 02 Jul 2011

Total posts 835

If the Qantas Airways Ltd (or any future name) is purchased then still subject to QSA.   If it was an asset purchase only then new airline would not be burdened by the QSA,

but Australia doesn't have a Chapter 11 provision - which means no court employee negotiations, no debt negotiations etc.

An insolvency process would result in most of the assets being sold off.

Would be more like a Mexican process. ie. You might have an investor group trying to buy certain assets, but it would be very difficult.

TheRealBabushka

Member since 21 Apr 2012

Total posts 2,059

But Qantas is cash rich with not much debt?

Sell Jetstar and prime it with QF execs. Then go the nuclear option, which AJ is famous for and engineer a QF share price crash followed by a rapid fire sale of assets to Jetstar. Jetstar then rebrands itself - I'll go with Qantas Empire Airways for nostalgic reasons. Since it is no longer required to be Australian majority owned, it goes back to the drawing board with BA and start where it left off, trying very hard to forget the foolish mistake of going to bed with Emirates.

PLATY

Member since 19 Jan 2012

Total posts 138

Actually suspected the long term game plan was always to erode QF and promote JQ only to rebrand JQ as some sort of QF moniker years later once QF was essentially toast.

Also (although with no evidence) suspect Joyce is in league with Dixon to this today (just idle speculation) and the long term game plan is still the private equity bid that previously eluded Joyce hence why other candidates for CEO were excluded) with Jouyce as the inside person...

PLATY

Member since 19 Jan 2012

Total posts 138

erratum: eluded Dixon not Joyce

AusFlyer

Member since 10 Mar 2011

Total posts 137

Ooh ahh... Conspiracy theories abound!

PLATY

Member since 19 Jan 2012

Total posts 138

Just having fun, Ausflyer, and making the point that if there is a private equity takeover certain individuals stand to gain ridiculous amounts of money...

PLATY

Member since 19 Jan 2012

Total posts 138

If QF is cash rich why the histrionics about capital raising?

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