PPRuNe Forums - View Single Post - Future of Qantas in jeopardy: Joyce (Merged)
Old 14th June 2011 | 09:25
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The Black Panther
 
Joined: Sep 2007
Posts: 256
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From: Bega
Tainted pedigree #2

Independent Non-Executive Director

Barbara Ward was appointed to the Qantas Board in June 2008.
Ms Ward is on the Advisory Board of LEK Consulting. She was formerly a Director of Allco Finance Group Limited.

What a fine company Allco was, as stated earlier Allco was part of the APA Partners including Texas pacific Group, Macquarie Bak, Onex Corporation that failed in their equity buy out of Qantas

Shareholders in Allco received no capital return as stated on the web site reference.
reports the group is under investigation over $1.2 billion in transactions it conducted with its subsidiaries, joint venture partners and directors, including directors, Gordon Fell and David Coe 12/03/2009
ALLCO FINANCE GROUP LIMITED - Company Profile and Status at deListed

Allco has over A$4.3 billion in assets, and has financed over A$60 billion of transactions. In its most visible public transaction Allco was a part of Airline Partners Australia, the consortium that unsuccessfully attempted to buy Qantas. The company is now in liquidation, after previously being in administrative receivership, following difficulties in refinancing debt and a share price fall of 99% since the beginning of the subprime mortgage crisis.[1]
Allco Finance Group - Wikipedia, the free encyclopedia

Barbara has chosen not to mention Allco or APA on her CV at L.E.K. Consulting.
Advisory Board - Australia/New Zealand | L.E.K. Consulting
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