PPRuNe Forums - View Single Post - QF Group possible Redundancy Numbers/Packages
Old 29th Aug 2020, 23:27
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Wingspar
 
Join Date: May 2006
Location: Australia
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It’s interesting in a recent interview with Bloomberg (20/08/20), AJ said the following;

It’s a sensible decision to assume the 380’s and 777’s(787’s) need to be parked for at least a year and so we can save the costs associated with those aircraft and help reduce the cash burn for our international business.”

I think AJ contradicted himself there and let the cat out of the bag by declaring it was a ‘decision’ to ground the 380 and 787 fleet purely to reduce long term cash burn. In regards to labor, it might satisfy stand down provisions now but would appear the long term grounding of these fleets is a commercial decision by QF and based on that, won’t satisfy stand down provisions post restrictions being lifted.



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