Originally Posted by
Colonel_Klink
If that is his interests, would it not be cheaper to just sign contracts with QF, Cobham, QQ, etc?
Buying an airline to ensure continuity of service seems a bloody expensive way of going about business
I mentioned part ownership. Buying into the airline ensures he gets a say. Contracts can be broken. Virgin Australia had many contracts in place, those people are now listed as creditors and have been stiffed. Andrew is a billionaire also, billionaires usually have money to burn. He would be buying ‘peace of mind’. And it doesn’t mean he can’t still have some contracts in place with other entities such as QF, Cobham et al. It’s all speculative and I’m just offering up a hypothesis to address why a mining billionaire might be interested in buying or buying into a dud airline. His interests certainly wouldn’t be in flying a once per week service from Brisbane to Longreach in summer so that retiree’s could admire old 747’s in 45 degree heat! And an investment of $50, $100, $200m is loose change to this bloke.