Management to blame for
1. Greed and trough feeding
2. Wrong Fleet
When the fleet choice decision was made a few years back it makes me wonder if it was the wrong choice for the airline, or maybe the right choice for their leasing business that may have benefited if QF was eventually spun off (post private equity). The GAAM team could have benefited handsomely.
IE; I wonder if there were other motives for the fleet choice.