Qantas carve up?
FRESH from the failed $11 billion takeover bid of Qantas Airways, chief executive Geoff Dixon is to present major reconstruction plans to the board, including carving off its fleet of 200 planes into a separate company.
Qantas has just ordered 20 Boeing 787 Dreamliners, bringing its total order to 85 as it ramps up its capacity in the next phase of the company's $2 billion capital management plan.
The Qantas board is to meet next Wednesday for the first time since Airline Partners Australia (APA) failed in its attempt to take over the national carrier.
Mr Dixon was believed to be furious yesterday as he was told that the restructure plans had been made public, as he boarded a plane after attending Boeing's unveiling of its first completed 787 in Seattle.
Qantas yesterday refused to comment on speculation its directors would also consider plans to spin off the airline's Frequent Flyer loyalty scheme and its freight business.
Mr Dixon is believed to be keen to present the designs to the Qantas board regarding spinning the two businesses off while maintaining control, with the possibility of listing them as separate entities on the stock exchange.
.......This looks like we are going to see the plans that APA had for QF and Darth will take credit for them.The photo of him is that cheesy it looks like a 6 year old at a birthday party..the spin team looks like it is working hard working hard to erase the memory of the failed takeover..