PPRuNe Forums - View Single Post - MERGED: Alan's still not happy......
View Single Post
Old 19th Jan 2014, 18:29
  #1772 (permalink)  
busdriver007
 
Join Date: Aug 2006
Location: Sydney
Posts: 298
Received 0 Likes on 0 Posts
SOPS, The bilaterals across the Pacific are tightly held and for EK to operate this sector would mean it would be a sixth freedom right which would need US, AUS and UAE approval. Unfortunately Australia would agree to anything, UAE would want this but the US are dead against any more UAE expansion into the US and we are starting to see the same from Germany and Canada. Another way of stopping this is to lobby Australia to do the same and halt this dumping of capacity of a airline representing seven million people growing way out of proportion and doing what it is doing to Australia.
As far as a EGM happy to start the ball rolling and it would not take long for this to get up but we need the institutions to finally say they have had enough. Shareholder activism needs to get going in this country. Many Mums and Dads have a lot of money tied up in superannuation and should start to care where it is being invested.
busdriver007 is offline