PPRuNe Forums - View Single Post - Virgin Blue says can fend off Jetstar threat
Old 28th Apr 2004, 03:20
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TIMMEEEE
 
Join Date: Feb 2002
Location: Sydney, Australia
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Just been very politely reminded of the fact that Brett Godfrey has to remain in his present position for a 3 year period before he can cash in his share options.
Change that 2 years I mentioned to 3 - then he will bolt.

He has also mentioned cutting costs across the board by 10%.
Interesting to see who will suffer in this area.

As for SQ buying into DJ, they would wait until the share price plumetted or decreased substantially before attempting to buy any shares.
Having Jet Star enter the market may have put the dampener on SQ looking to buy shares for at least a few years until they can gauge the effects of market reality.

If they were to buy into DJ just watch wages/conditions go for a slide!
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