It doesn't take a genius to figure out where the money is in aviation.
Let the airline take all the risk selling tickets and providing infrastructure. The real money is made in owning the airliner and leasing it to the airlines. The leasing company gets paid regardless. It gets a guaranteed hourly rate. There is barely any risk, palm it off to another airline if need be. The model is in huge demand anyway. It will always make money. Half the times they don't even own the engines. If one goes bang, the power by the hour manufacturer slaps on another and the cash game continues.
Have a look at how many different shelf companies own the major airlines fleet in Australia.
So who is tied up with all this? That is the question. I wonder if Joyce has his fingers in any of those pies.
Conflict of interest?