Originally Posted by
knobbycobby
If Airbus close the A380 production line Qantas can cancel the A380 orders with ZERO penalty.
Joyce will replace A380 with 777 A350 from 2022
What is interesting is what book value is assigned to these aircraft?
Analysts, at least those who were not 'picked' to cover Qantas and attend 'special briefings' were long concerned with the book value of Qantas aircraft. It was something that puzzled as the value appeared high.
A top 4 auditor and executive management agree on book value. Such a lucrative job doesn't see too many questions asked!
Little Napoleon used (timed) the write down (impairment) of the International fleet in 2014 to claim the 'biggest loss' in Qantas' history. Unions fell over themselves to accept a pay freeze.
That the 'loss' was on paper and 'amazingly' coincided with a 'transformation' due less depreciation, the VERY NEXT YEAR, meant that all those incredibly co-incidental executive options could vest right when the share price accelerated!
Wash, rinse and repeat?
https://www.reuters.com/article/us-a...-idUSKCN1Q1259