kids, the idea still is to take Qantas private, then clean out the management and make a killing. The major investors in QF are New York hedge funds who are the instigators of the plan.
The APA boyz first tried to buy the business at a premium valuation, when that failed they set about driving the price down so they could get it on the cheap.
it is obvious to anyone who looks that the airline is catastrophically mismanaged as evidenced by Tony Abbotts contempt for its overtures to Government, as evidenced by its tie up with Emirates, as evidenced by its disastrous Asian forays, as evidenced by its preference for grounding its fleet rather than negotiating, as evidenced by the canibalization of its markets by Jetstar and as evidenced by its continuous abysmal treatment of its staff. This is no accident.
The first thing on gaining control of Qantas will be the reversal of every policy Alan Joyce has adopted.
The end result is a privately owned national flag carrier with 65% of the domestic market and perhaps 50% of the international market. Profit baby! Profit!