Qantas Asia chances critiqued, and a note from Emirates | Plane Talking
Ben is close to the nub of the flying rat woes:
Planetalking:
A more interesting issue is why Emirates would issue such a statement in Australia? It closely follows the recently brief excitement over a possible closer relationship with Emirates, which closely followed Qantas suddenly remembering to make an exceptionally late filing of a profit downgrade to the ASX, with devastating consequences for the share price.
No answer is offered here, other than to note that Qantas is under the dual threats of a rating downgrade and a leveraged buy out, assuming the risks for a private equity punt at this stage, in terms of global finance, and locally, in terms of the state of Qantas, are not too high