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.
Yep, a pretty fair summation Romulus, credit to where credit is due...
AJ is very good at playing the compensation game, nothing he set up himself... taking advantage of the good work done in the past by people who now are working with JB over at Virgin...
..(RR A380 engine saga) pretty much a feature of his management style. The result, Q mainline is left with relics from the past when it comes to the "stock metal" soldering on in competition with more nimble, fuel efficient airframes in most of its competition fleets.
Certainly shines a light on the bad decisions made by the board in choosing the right people to run the overall Qantas package... but yesterday they got away with it for another year..... Even GT made a guest appearance on Lateline last night to rub salt into some old wounds...
August 23 2012 was the longest day of my life.... unbelievably depressing to watch what LC, AJ and the board got away with under the watchful eyes of our financial gurus in the media... brain dead....