PPRuNe Forums - View Single Post - MERGED: Qantas grounded effective immediately.
Old 29th Oct 2011, 11:05
  #206 (permalink)  
Bankstown Boy
 
Join Date: Sep 2009
Location: Sydney
Posts: 101
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I'm curious. Perhaps someone with a legal background can answer.

First point: if the CEO (and other responsible officers) knew at the AGM that they were going to ground the airline, but neglected to inform the shareholders, is it either/both a breach of the ASX listing rules (not informing of a significant event) and/or a breach of the corps law, prohibiting a responsible officer from acting against the interests of ALL shareholders equally?

Second point: if Qantas is (and it is) offering tickets on all Qantas flights from Monday morning, is this not a breach of the Trade Practices Act (relating to misleading and deceptive conduct) to offer tickets on a service that you have no realistic expectation of being able to honor?

Much as I prefer Virgin as my airline, I can only feel deep distress at what has happened to Qantas. I feel for the staff and can only hope hope that you can move on to a new job once the inevitable occurs.
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