Originally Posted by
B772
The news for QF and VA keeps getting worse. AA (American) has just announced 155 fleet units will be retired immediately. The number includes 76 x B737-800s, 9 x A330-300s, 34 x B757-200s, 16 x B767-300s and 20 x EMB 190s.
These units plus others no doubt to follow in the coming days/weeks/months will reduce the asset base value of QF and VA considerably.
Macquarie Bank are saying Qantas could be taken over by cashed-up Wesfarmers. Point to note: The Chairman of Qantas is Richard Goyder the former CEO of Wesfarmers.
A worldwide depression rather than a deep recession is now looking more likely.
Airlines that have not been mentioned as yet whose future is in doubt unless large sums of cash can be found include Thai International, Air India and Hawaiian Airlines.
The emphasis being on 'could'. I read the article, it was a typical media beat up... it went on and on about how Wesfarmers could take over Qantas, then went on to say that Macquarie had listed a dozen or so companies but had recommended that WF make a move on two companies (can't remember their names) because their business fit neatly with WF chemical businesses. So, a BIG banner with the word Qantas in bold and a big photo of a Qantas red tail or two then a piddling amount of info amounting to no recommendation or intention at all.