Originally Posted by
PlasticFantastic
That's true, but Qantas wrote off the value of its 747 fleet, so hasn't benefitted from depreciation on that fleet for years.
Actually yes they did as the 'loss' in FY15 from the CGU impairment of the 747 fleet, meant no corporate tax payable for the next few years, a gift that kept on giving.
The question remains that even with the inspection, what realisable value have these aircraft?
Qantas may be the one trick pony holding them on balance sheet at an unrealistic book value. Might be good to fool the staff again for another round of pay freezes, with such a 'confronting loss', then an 'amazing transformation' with well timed options for the insiders.
https://www.michaelwest.com.au/qanta...-timing-caper/