PPRuNe Forums - View Single Post - Fallacy or Fact - Qantas International losses
Old 29th Jul 2011, 02:43
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Animalclub
 
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BRUCE BUCHANAN: I think that's completely false. And you know their ownership through the relationship with HTT is part of the wholesale structure that they use to provide a land content for the business.

And Tour East business has expanded into some of these other areas. It's not part of the Qantas Group and Qantas Group has a minority interest in that business.

BARBARA MILLER: Thirty seven per cent's quite a large stake.

BRUCE BUCHANAN: It's still a minority interest. They can't call the shots in that business.
Way back in my TAA days TAA had a subsidiary AAT with Ken Grenda as Chairman. It had two General Managers (one Englishman and an American). The company eventually went out of business... even Ken resigned before it happened as no doubt he saw the writing on the wall.

This same American turned up as General Manager of Tour East in Asia (there were several companies based in different countries). This group of companies offered (sold) ground arrangements in their respective country and were controlled by Australian owners so is it true that just 37% is contolled by an Australian entity?

Is Tour East still operating in other Asian contries? Doing what?

Who or what is HTT?
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