Originally Posted by
non_state_actor
Looks like VAH are in play. If Singapore get it will be QF's longstanding worst case scenario. They have always feared Singapore in the Australian market and the Pacific.
Yeah nah. SIA has been planning to "take over" VAH for the past 5 years and it's all turned out to be "fake news" every time.
Also, QF isn't likely to fear "SIA" anytime soon, SIA has a prior dismal record with their record in Australia.
Strike 1: Air New Zealand (including Ansett) 25%
Strike 2: Tiger Airways Australia - 100% via Tiger Airways Holdings.
Strike 3: Virgin Australia 20%
Even with full control of their second attempt in Australia (Tiger Airways), SIA still couldn't get it right with the maintenance debacles. Their VAH shareholdings has just been a complete mess with 4 competing shareholders at the table, SIA has had plenty of opportunities to "take over VA" over the years but chose not to do so.
The Air NZ/Ansett bankruptcy debacle is self explanatory.
If SIA couldn't get their prior attempts right (especially when they had full control of their 2nd attempt through Tiger), there's little chance of SIA getting a "4th attempt" right.