Originally Posted by sunfish
To put that yet another way, why aren't there penalties for the Board and Alan Joyce for their belated decision to cancel a stack of B787???????
Somewhat bizarrely the 787 situation is one of Joyce's big wins.
The aircraft is late.
He's getting about $100M in compensation from Boeing next year regardless.
He can cancel 787 options but still keep that compensation.
Not too shabby an outcome. Of course, had the 787s turned up on time and the fuel savings etc flowed to the bottom line then the whole fleet strategy would have been vindicated.
Whoever set that 787 contract up was one smart cookie and pulled one over Boeing IMHO.
Doesn't mean the rest of the airline is being run well but somebody played an absolute blinder in procurement.