Further to my last post a read of the following PPRUNE fragrant harbour blog from archives.
http://www.pprune.org/fragrant-harbo...-bust-3-a.html
What Qantas are now doing ,CX tried on a number of years ago.
It's amazing how many names keep popping up when it comes to "Union Busting"
In March 2006 Turnbull joined Australia's Allco Finance Group, a privately owned investment bank based in Sydney, as an executive director.
Also on the Allco board was his old mate Rod Eddington. In late 2006 a group called Airline Partners Australia, consisting of a consotium involving Macquarie bank, Allco and others, made a highly leveraged takeover bid for Qantas. under the terms of the deal three Allco directors, including Eddington and Turnbull, were poised to take seats on the Qantas board. The deal fell through ater a shareholder revolt that resulted in the Qantas chairman, Margret Jackson, not standing for re-election when her term expired. By 2008 Allco was in serious financial trouble and went into administration in November with debts of more than AU$650 million leaving its shareholders cleaned out and, like Ansett seven years earlier, it's employees looking at the dole queue.