Originally Posted by
Street garbage
Well, we just need to vote no then. If they don't want to purchase them, then they can explain that to the Media as oil prices continue their upward trend, not the BS they hit us with at the SGM "you're angry, therefore...."
Mr Clifford sought to establish a narrative that the QSA limited 'Qantas flexibility' with fleet purchases.
Disingenuous at best, nefarious at worst.
The QSA adds precisely ZERO to the cost of capital.
What does impact the cost of capital is the borrowing capacity.
Leveraging Qantas' balance sheet has been a fruitful pastime for the incumbents.
Pick a metric and Qantas is well behind the pack, conveniently ignored by most is that the fact during the Laurel and Hardy tenure Qantas has gone backwards. Even doing nothing would have yielded 2.5% annual growth.
The fleet decision had nothing to do with the QSA, it is overdue.
They will position the pilots accordingly. It is no small feat of narrative management that against the ever more obvious backdrop of global pilot shortage, the union acquiescence to management narrative is disappointing. Almost by design.
They need a new fleet. They cannot unwind JQ and leveraging the balance sheet any further is a tricky proposition, hence the rubbish touted by aviation lightweight Mr Clifford.
Qantas need a new fleet.