Alan WAS in negotiations with a bank in May 2013 for the sale of the JQ Asian franchises.
The deal fell thru as the offer price was not high enough.
Perhaps he may have dropped the price?
MC, I don't know about that deal, AJ has had so many deals on the boil I lost track. All I have ever heard about J* Asia that it is an "amazing business" billed by the management as the savior for the Qantas group... I think many in the business world believed that until the warm up for the grounding, this story broke, then blow me down a few months later BB goofed with his offshore wage assessments.... Bells started ringing for me from that day on.. Something is not quite right.. (video below)
Some cracks in the pillars started to form after this news story went to air, creating some doubt, first the Jetstar Vietnam venture started sending out weird messages, then I recalled that senate inquiry where Nick X hit a home run with this Gem
Whoop Woop, What's going on I thought... (please note the videos are not in date order, they were compiled as memory markers for myself and before Q banned my first Youtube channel, already a year's work by that stage.)
My main purpose for doing the video channel was because a lot was going on and as we all know many pilots were not in the country when Qantas news stories went to air, I was hoping it would help them catch up when they got back home or have easier access via YouTube whilst on a layover..
I always believed J* was funded by QI from the start, but at the time it fell on deaf ears with the Labor government still grumpy over the grounding.. or so most of us thought.. Hindsight is a wonderful thing, but after watching the story below when it broke, it dawned on me that Clifford and AJ were using J* Asia as a tool to divert attention away from a secret "big picture" plan, at the time I didn't really know what they were up to, just a gut feeling I had.. I felt they were deliberately running QI mainline down, you guys knew it on here, I knew it but the mainstream media where just cruising along other than the ABC at the time, to their credit.
I think everyone on here would agree with me, things settled down a year or so after the grounding, Alan was happy and so were you guys on here up until the EK thing was announced.
Alan was so positive in this inside business interview about QI, things were looking up, so I thought.
From here on until today, Clifford & Joyce in my view have lead everyone on a wild goose chase, in business terms, the shareholders, the media and most importantly its customers, from one reporting period to the next with tons of mixed messages knowing all along the grand plan was to run down QI, bleeding it dry by funding the offshore Jetstar ventures creating slots which today I now believe will become QI MKII slots in five years time or less... These ba$tards are bean counters, they are cold hard nosed double speaking people who are proud of their behaviour. Sadly the Australian corporate world probably think they are fantastic as well, these MBA spin types are so far removed from garden variety Australians like most of us on here, they have lost sight of the damage they do to families (the staff that make it happen for them, particularly in the Qantas case.) when they make mistakes they run off like wimps to the biggest Grand Poobah's of suited wimps,
Canberra, probably bribe them with chairman's club invites and upgrades to help get their mistakes covered once and for all..
And ASIC, forget them, they are only interested in small fry, Mum & Dad who owns a small chain of fish shops, crime: "having a go" at filling in the company registration form incorrectly because they were successful at selling too many chips.. unlike Clifford & Joyce, who appear to prefer $100,000,000 gambling chips, which are redeemable in Canberra after consumption.. And get a bonus for the inconvenience of flying on a dash 400.
Good to see the above video again, the double speak from both Abbott & Shorten is shameful (even old union Bill brushed aside the question "should Alan Joyce fall on his sword." (sic) Abbott was busy babbling on about keeping his house in order, err staying on script.. They knew what's going on at Qantas, they are all in on it in my view. A sad day for Australia.
At least Pascoe got it right the day before, better late than never I guess.
But alas, right on cue, this little gem in the Australian today, more double speak from all the collected Poobah's in Canberra rewarding Clifford & Joyce, who have been dining out on the good Qantas name, now well in her nineties.
CABINET ministers are preparing to give Qantas their “reluctant” approval for emergency help as the airline launches a radical overhaul to stem mounting losses to be revealed within days.
Support is building for a “standby debt facility” to cut the airline’s borrowing costs after it releases its financial report tomorrow, despite fierce objections to the idea within Coalition ranks yesterday. As the government drafts legislation to repeal the airline’s foreign ownership limits, it sees the debt guarantee as the only practical assistance in the short-term given the outright rejection of financial aid. The Qantas proposal was not on the federal cabinet agenda last night and Tony Abbott signalled yesterday it could take “further discussion in the weeks and months ahead” to finalise the outcome. But The Australian was told there were no other options than to set up a debt guarantee to help Qantas invest in new aircraft when ratings agencies had cut its bonds to junk status.
Mr Abbott declared yesterday that he wanted the airline to “flourish forever” and he acknowledged it was acting on its problems. “Qantas is doing its best to put its own house in order and this government will do what it can to ensure that it has a level playing field on which to compete, because that is the best thing that we can do for Qantas,” he told parliament.
Deputy Prime Minister Warren Truss revealed the government was “working on legislation” to level the playing field, a reference to scaling back the foreign ownership restrictions in the Qantas Sale Act.
The airline’s proposal to the government is for an early commitment to a debt guarantee to help the company borrow cash, given the difficulty of repealing the Qantas Sale Act in the short term when Labor, the Greens and others oppose the change.
Sending a general alert to corporate Australia earlier in the day, the Prime Minister warned against treating the government as an “ATM of last resort” and stood by his decisions to reject assistance for SPC Ardmona and other companies.
“It takes courage to say no, but once you say yes there is a queue a mile long,” Mr Abbott told his Coalition colleagues in a private meeting in Parliament House.
The Coalition’s internal dissent on Qantas broke out into the open, however, when Brisbane MP Teresa Gambaro railed at giving one airline emergency help that was denied to others.
Ms Gambaro said giving the airline a standby debt facility would give it an unfair advantage over competitors such as Virgin Australia.
“Qantas is an 800-pound gorilla and if we do this we will turn it into a godzilla,” she said, adding that if the debt guarantee was offered to Qantas it should also be offered to Virgin.
Another Liberal National Party MP, Warren Entsch, criticised Qantas management in a further sign of the frustration within the Coalition over the way the airline’s woes have created a political problem for the government.
The strongest attack on the company came from Labor MPs at their weekly caucus meeting in Parliament House, where six members spoke up against the company over its job cuts and its grounding of flights in the heat of an industrial dispute in 2012.
Those rebukes came after Transport Workers Union national secretary Tony Sheldon warned that a wholesale restructuring of the airline would turn it into “Aeroflot with a kangaroo on the tail”.
Qantas noted the “fresh speculation” over its fate but said the changes to be announced on Thursday would go ahead regardless of the government’s stance.
“We have said that we will be making some tough decisions in order to achieve $2 billion in cost savings over the next three years, which is a consequence of an unprecedented set of market conditions now facing Qantas,” the company said. “We’ve also said that we must take steps to reduce our costs regardless of whether the federal government acts on the uneven playing field in the Australian aviation market.”
Virgin Australia boss John Borghetti has written to all Coalition MPs urging them not to support a debt guarantee for Qantas on the grounds it would tilt the playing field in the bigger airline’s favour. Mr Borghetti’s position is that any standby debt facility for Qantas should also be extended to Virgin.
Despite the attacks on Qantas chief executive Alan Joyce and his team from caucus members yesterday, Labor is backing a debt guarantee for the company as a tangible form of assistance to head off the wider restricting that would come if the ownership rules were abolished.
Labor transport spokesman Anthony Albanese responded to the caucus complaints about Qantas by emphasising the need for the Qantas Sale Act to stay in place, noting that international air agreements required Australian ownership of the airline.
Bill Shorten told the caucus that the issues with Qantas management did not mean Labor should alter its support for Qantas workers.
Mr Truss sought to play down speculation about helping Qantas but said government was working on legislation. “If there is to be a response from the government, well that will have to take into account whatever Qantas is proposing to do on its own account,” he said.
Mr Truss said the government had “indicated an interest” in being able to legislate the easing of the curbs on Qantas and added: “We’re working on legislation to achieve that.”
Asked when the government would act, Mr Truss said: “Well, we’ll make those sorts of decisions after Thursday, but the government is philosophically attracted to level the playing field so that Qantas is able to co-operate fairly and equally with other airlines.”
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Apologies to all on here for my rant, just wanted to let you all know how I saw it all unfold, which is my view only and from the outside looking in, I have the greatest respect for you all, good luck tomorrow...
The Airline Pin Wizard - YouTube
timjbo - YouTube
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