MERGED: Alan's still not happy......
Join Date: Aug 2009
Location: Lisbon
Posts: 995
Likes: 0
Received 0 Likes
on
0 Posts
Steve, Luke Mangan perhaps?? Then again the way QF is going if there are still meals on board in the next few years it will probably be a menu designed by the Southpark Chef!
Join Date: Jul 2012
Location: Sydney
Posts: 51
Likes: 0
Received 0 Likes
on
0 Posts
Petition
Why would QF staff sign a petition on a board and CEO who decided to shutdown an Airline for their own greed....
Everyone in QF should boycott the petition and see who really actually signs it, not a heap of idiots that think Joyce will look after them. Tell him their dreaming!
Joyce just doesnt want the domestic bottom line hurt otherwise he cant continue to prop up Jetstar Japan/Jetstar Asia/Jetstar Hongkong/Jetstar International...
Why is it that every employee can see that Jetstar group doesnt make any money but the media swallow every word the CEO says as being totally believeable...its a joke!
Where have all the people who really want to know the truth gone?
Everyone in QF should boycott the petition and see who really actually signs it, not a heap of idiots that think Joyce will look after them. Tell him their dreaming!
Joyce just doesnt want the domestic bottom line hurt otherwise he cant continue to prop up Jetstar Japan/Jetstar Asia/Jetstar Hongkong/Jetstar International...
Why is it that every employee can see that Jetstar group doesnt make any money but the media swallow every word the CEO says as being totally believeable...its a joke!
Where have all the people who really want to know the truth gone?
Join Date: May 2008
Location: Somewhere cold and damp
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
Where have all the people who really want to know the truth gone?
The public won't realise the truth until it is too late. If you don't believe me, look back to Ansett.
Where's the petition to get rid of the current board? That's one I'd be happy to sign.
Goddamslacker,
Gee, should I trust the legally required and issued accounts that say Jetstar IS making money or the rumblings of some Qantas staff who say that despite all the evidence showing otherwise that Jetstar makes no money???
Gee, should I trust the legally required and issued accounts that say Jetstar IS making money or the rumblings of some Qantas staff who say that despite all the evidence showing otherwise that Jetstar makes no money???
1A_Please
I'm sure the CEOs of the banks would just be delighted to invest $500M of shareholder funds into a company that has seen its value fall by 75% in 7 years.....not!!!
I'm sure the CEOs of the banks would just be delighted to invest $500M of shareholder funds into a company that has seen its value fall by 75% in 7 years.....not!!!
You may or may not be aware that some banks already have a large stake in Qantas. From the 2013 Annual Report (page 165):
CBA: 225,886,843 ordinary shares (9.97% of issued shares) / approx $259M
NAB: 112,201,803 ordinary shares (5.01% of issued shares) / approx $129M
The dollar values are based on today's close on the theory that they still hold the same amount of shares since the issue of the report which might not be the case.
Now don't interpret my comments that because the banks own a stake in Qantas that it is a good buy. I am sure that they have made a lot of losses on various investments along the way to their major profits (CBA: $7B+, NAB: $5B+). And as for investment advice, I am not offering it and as all investment firms say, "this does not take into account your financial situation or goals, please consider if this product is right for you prior to making your decision" (or something to that extent).
404 Titan
What part of Virgin Australia (International) being 51% Australian owned don’t you understand. It is Virgin Australia (Domestic) that is majority owned by Etihad, Singapore Airlines and Air New Zealand. They are two separate companies with two separate listing on the ASX. Both airlines comply 100% with the foreign ownership rules.
What part of Virgin Australia (International) being 51% Australian owned don’t you understand. It is Virgin Australia (Domestic) that is majority owned by Etihad, Singapore Airlines and Air New Zealand. They are two separate companies with two separate listing on the ASX. Both airlines comply 100% with the foreign ownership rules.
Lastly, on AIPA support on this issue:
To me the AIPA is there to support their members. Now obviously they have had their issues with Qantas management over time representing whilst representing their members interest, but they must see the current Qantas ownership limitations as something that hinders their members interest, hence their support on this topic. I am not saying a change on this current legislation will save Qantas or that they can't be saved without the change but if it is not in AIPA's interest (and in turn their members) for Qantas to fail despite any grievances with the management.
Just my humble opinion.
Last edited by Check_Thrust; 20th Nov 2013 at 18:36. Reason: Font size
Join Date: Aug 2010
Location: Hotels Mainly
Posts: 59
Likes: 0
Received 0 Likes
on
0 Posts
You know how selfish ceos are!!!
Id say he's really worried about his next bonus.
I guess he has spent last years $5 million bonus already and is now worried about his next.
I guess he has spent last years $5 million bonus already and is now worried about his next.
Join Date: Apr 2008
Location: Sydney
Posts: 265
Likes: 0
Received 0 Likes
on
0 Posts
Checkthrust,
The "banks" themselves don't own part of Qantas - rather they form individuals holdings that are managed by the banks as part of managed funds
(eg. BT - Westpac, Count - Commonwealth, MLC - NAB)
or as part of Nominee acconts controlling super funds.
See the NAB substantial shareholder announcement on 27/9/13 (search ASX) and you will see most of the shares are for MLC and Antares Capital.
In almost any major Australian company you will see the banks and a few other Nominee companies in the Top 20
The "banks" themselves don't own part of Qantas - rather they form individuals holdings that are managed by the banks as part of managed funds
(eg. BT - Westpac, Count - Commonwealth, MLC - NAB)
or as part of Nominee acconts controlling super funds.
See the NAB substantial shareholder announcement on 27/9/13 (search ASX) and you will see most of the shares are for MLC and Antares Capital.
In almost any major Australian company you will see the banks and a few other Nominee companies in the Top 20
Join Date: Jul 2010
Location: Melbourne
Age: 54
Posts: 113
Likes: 0
Received 0 Likes
on
0 Posts
Qantas pilots seek to turn Joyce petition against Jetstar | Plane Talking
Hear! Hear!
The stand announced by the new president of AIPA, Nathan Safe, has not been given any media coverage other than in the Financial Review, so in the interests of the bringing it into the open, this is the statement.
The Australian and International Pilots Association has given its support to amending the Qantas Sale Act, provided that any new foreign investment streams are directed into Australia and not into unproven overseas ventures.
“The current Australian aviation environment has evolved rapidly and AIPA recognises that this necessitates a shift in position. Therefore AIPA is now willing to support amending the Qantas Sale Act (QSA),” said AIPA President Nathan Safe.
“The problem we have at the moment is an un-level playing field: Virgin is free to access foreign investment channels that Qantas cannot due to the restrictions of the QSA. It is therefore clear that the only viable policy approach is for the QSA to be reviewed.
“However, if changes to the QSA are justified to ensure the Australian industry is not disadvantaged against foreign competitors, then it is absolutely vital that any advantages gained through its amendment must flow straight to Qantas’s Australian operations.
“Therefore, AIPA would support changes to the QSA, but only if the foreign investment that flows from those changes is used to invest in Australian aviation and Australian jobs. Under such changes, new streams of foreign investment could not be used on the sort of unproven forays into Asia that we have seen Qantas Group pursue through Jetstar and other subsidiaries in recent years.
“While specific ownership restrictions in the QSA may have become unsuited to the modern environment, the fundamental purpose of the Act – to ensure that the vital economic and social benefits that come from public ownership of national airline are still achieved under private ownership – is as important as ever.
“So if Qantas management is truly seeking changes to the QSA in order to support its local operations, the local economy, and local jobs, then there is no reason that such a caveat should present a problem.
“AIPA will be advancing the benefits of such a legislative change to the federal government. We would encourage all other Qantas stakeholders – including management – to do likewise.
“Of course, AIPA recognises that amendments to the QSA may only be part of a suite of changes required to level the playing field adequately.”
The Australian and International Pilots Association has given its support to amending the Qantas Sale Act, provided that any new foreign investment streams are directed into Australia and not into unproven overseas ventures.
“The current Australian aviation environment has evolved rapidly and AIPA recognises that this necessitates a shift in position. Therefore AIPA is now willing to support amending the Qantas Sale Act (QSA),” said AIPA President Nathan Safe.
“The problem we have at the moment is an un-level playing field: Virgin is free to access foreign investment channels that Qantas cannot due to the restrictions of the QSA. It is therefore clear that the only viable policy approach is for the QSA to be reviewed.
“However, if changes to the QSA are justified to ensure the Australian industry is not disadvantaged against foreign competitors, then it is absolutely vital that any advantages gained through its amendment must flow straight to Qantas’s Australian operations.
“Therefore, AIPA would support changes to the QSA, but only if the foreign investment that flows from those changes is used to invest in Australian aviation and Australian jobs. Under such changes, new streams of foreign investment could not be used on the sort of unproven forays into Asia that we have seen Qantas Group pursue through Jetstar and other subsidiaries in recent years.
“While specific ownership restrictions in the QSA may have become unsuited to the modern environment, the fundamental purpose of the Act – to ensure that the vital economic and social benefits that come from public ownership of national airline are still achieved under private ownership – is as important as ever.
“So if Qantas management is truly seeking changes to the QSA in order to support its local operations, the local economy, and local jobs, then there is no reason that such a caveat should present a problem.
“AIPA will be advancing the benefits of such a legislative change to the federal government. We would encourage all other Qantas stakeholders – including management – to do likewise.
“Of course, AIPA recognises that amendments to the QSA may only be part of a suite of changes required to level the playing field adequately.”
Also, does anyone know why VAH have incorporated Skywest in Singapore (page 135)?
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 15
Posts: 1,057
Received 0 Likes
on
0 Posts
deaf ears in Canberra?
Thank you WorthWhat for putting that right, great post! 
For those who missed it,
His track record so far? I guess it's a trust thing... 
For those who missed it,
Qantas cries will fall on political deaf ears
The escalating hostilities between Qantas and Virgin Australia indicate that, while the Australian domestic aviation market might be a duopoly, it is an intensely competitive one. In the near term, that says Qantas’ pleas to Canberra for help are going to fall on deaf ears.
Qantas cries will fall on political deaf ears | Business Spectator
The escalating hostilities between Qantas and Virgin Australia indicate that, while the Australian domestic aviation market might be a duopoly, it is an intensely competitive one. In the near term, that says Qantas’ pleas to Canberra for help are going to fall on deaf ears.
Qantas cries will fall on political deaf ears | Business Spectator
Last edited by TIMA9X; 21st Nov 2013 at 05:24. Reason: video story for pilots away working
Join Date: Dec 1999
Location: I prefer to remain north of a direct line BNE-ADL
Age: 48
Posts: 1,286
Likes: 0
Received 33 Likes
on
10 Posts
AIPA's statement is a subtle round about way of telling Joyce to fob off elsewhere, good work Nathan! The amount of money QF has been pi$$ing against a wall with mass loss making overseas ventures with Joyce at the helm is just ludicrous, no other company would get away with it. Meanwhile QF is now burdened with mainly 80's era fuel guzzlers, even Garuda couldnt make a buck out of...
Join Date: Jul 2006
Location: Australia
Posts: 1,188
Likes: 0
Received 0 Likes
on
0 Posts
9th August 2012
"Qantas is now free to run our business as we see fit and not be dictated by union officials who do not have the airlines best interest at heart." Olivia Wirth
And what a fine job of managing the airline they have done!
So why the need to ask employees for help now?
"Qantas is now free to run our business as we see fit and not be dictated by union officials who do not have the airlines best interest at heart." Olivia Wirth
And what a fine job of managing the airline they have done!
So why the need to ask employees for help now?
With the weak & very poor nature of our pathetic judicial system one has to wonder how much of a chance Virgin really have in the courts here. Even though the QF employees know the real truth behind the facade that now is QF the great almighty name of QANTAS still has some clout in the eyes of the uneducated, however misguided that is I suspect that the courts will at all costs do what the Asians do, save face.
I feel for only one sector here, the QF employees, the once loyal & proud team that now have had the "Spirit of Australia" beaten out of them.
Wmk2
I feel for only one sector here, the QF employees, the once loyal & proud team that now have had the "Spirit of Australia" beaten out of them.
Wmk2
Join Date: Jun 2007
Location: deepest darkest recess of your mind
Posts: 1,017
Likes: 0
Received 0 Likes
on
0 Posts
Wally, If Alan thought he had even the tiniest shot at court action, he'd already be there. He doesn't, and he knows it. That's why he's trying to browbeat the Government. Fat chance.
Olivia Wirth, now there's a name you don't hear much anymore, Mstr Caution.
Ever since the little fella got his teeth fixed up he seems to be the only QF person you hear and see.
The funny thing from the statement
there's one union official who's happy to reap the benefits (Olivia's) of staff travel, P class as well. Love to know how these 2 got together and if they ever discuss Australia, including QANTAS employees and their interest V a major employer who is happy to off-shore jobs.
Ever since the little fella got his teeth fixed up he seems to be the only QF person you hear and see.
The funny thing from the statement
not be dictated by union officials who do not have the airlines best interest at heart
Fairfax is reporting today that QAN is under investigation for abuse of market power in its defence of GD's famed 65% "line in the sand." Apparently Strambi's comments that for every plane VA added, it would add 2 has drawn the ire of the competition watchdog.
As a strategy, the 65% was always flawed. It now threatens QF domestic's profitability and if the ACCC is angry, QF can't expect much sympathy with its current campaign against VA.
As a strategy, the 65% was always flawed. It now threatens QF domestic's profitability and if the ACCC is angry, QF can't expect much sympathy with its current campaign against VA.
Join Date: Feb 2005
Location: Bolivia
Posts: 434
Likes: 0
Received 0 Likes
on
0 Posts
From my recollection the then government was pretty P!ssed off with Alan when he grounded the company and only under sufferance supported him because he had probably acted within the bounds of the law and were reluctant to challenge his fabricated "safety" based argument, even though blind freddy could see through it.
I suspect that even in opposition, the current government would have had a fairly dim view of what transpired as well. I reckon Alan has got close to zero chance of getting any support from Canberra, and they may well be looking for an opportunity to even the score.
I suspect that even in opposition, the current government would have had a fairly dim view of what transpired as well. I reckon Alan has got close to zero chance of getting any support from Canberra, and they may well be looking for an opportunity to even the score.
Join Date: Oct 2013
Location: New Zealand
Age: 71
Posts: 1,475
Likes: 0
Received 0 Likes
on
0 Posts
Oh crumbs, the ACCC is angry! Oh no! Will they write an angry letter to Alan? Perhaps they will tell him off in a stern voice? Toothless tigers.
As for Alan being angry at VA, poor poor Alan. It would seem his beloved empire is starting to fall in around his ears. Never mind, these executives are so unbelievable that they probably even get a 'decline in profit' bonus! Nothing would surprise me.
I can't wait for the next installment of 'The men who killed Qantas'. It should hit the shelves within 2 years. New names, new players, an old story, a final eulogy for the Roo.
As for Alan being angry at VA, poor poor Alan. It would seem his beloved empire is starting to fall in around his ears. Never mind, these executives are so unbelievable that they probably even get a 'decline in profit' bonus! Nothing would surprise me.
I can't wait for the next installment of 'The men who killed Qantas'. It should hit the shelves within 2 years. New names, new players, an old story, a final eulogy for the Roo.