QF International is not for sale nor will it ever be! The money is in breaking the business apart. If they can work around the Sale Act, then they will spin off domestic which is a highly marketable entity.
So, why could they not spin off QF domestic as a separate listed entity? Release the value in that segment but retain the overall ownership caps per the sale act?
Every single analyst knows that QF domestic is the golden goose to the group!
QF domestic listed as a separate entity with someone like EK owning 30 odd percent?
Ask why?
1. Why spilt QF? All the effort for a separate AOC etc etc, not to mention the cost?
2. why are domestic CC being asked to cash in LSL? Ummmm - make the balance sheet more attractive?
3. QF ground services - outsourced. Engineering - cut to the bone. Catering - cut again. All the lean stuff into QF domestic to make it attractive (and profitable)!
I actually think that AJ would have loved to spun-off Jetstar, but the reality is that it does not hold the unrealised value that QF domestic has.
Finally, I'm sure a few top execs will be granted a load of shares in the newly listed QF Dom, and that is purely why they want to do it!!!!