Of course all the things wrong in Qantas are the fault of previous management when Qf was government owned. Under the first private management the buildings at Mascot (qcc,d etc) were sold. If my memory serves me correctly it was on a 10% yield with a 20 year lease and 5% rent increases per annum. That original buyer resold them in the early 2000s having made big money. Just another classic mistake by the boards and management who have bought this company to its knees.