Originally Posted by
lowerlobe
Sunfish,
So you are looking forward to the Ryanair effect.
So is that what happened to Ansett?
From my recollection what happened to Ansett was:
- Rod Eddington was brought in to prepare AN for sale at a price that would create value for the exiting owners.
- Rod fulfilled that requirement admirably and sold out to Garry Twomey at AirNZ at a super-premium price
- Air NZ didn't check under the carpets when it rushed its due diligence
- When Twomey discovered the lurking dry rot under the carpets it was too late
- A new entrant (VB) came in and stole the lowest price territory. BTW, VB has imitated many of RyanAir's tactics.
- September 11..., followed by September 12, 2001.
- And the winner is... Qantas!
The situation with QF now is quite different. And very unlike most people's post-marital retrospective self-analysis. Whatever that might have to do with anything...
VHCU