In 2006 Tom Horton, the American Airlines CEO, (the highest paid Airline Executive in the world at the time) stated that you "can't bank market share" and earned $20 million in two years and left and of course the rest is history(Chapter 11). The second highest paid was Geoff Dixon. One can only think that the current management team will continue to run the airline down until it is in such a state that they will be able to avoid it's employee liabilities. The problem is there will be NO airline left in Australia owned by Australians and we will rely on overseas' carriers to do the heavy lifting. Of course the current Government is so naive that they believe everything management tell them. If they bought 25% and did some due diligence on the the last 5 years they will see what the real plan is. As was uttered so many times in the US "the assets will go private the and debt will go public". In the current political vacuum of decency and honesty (Nick Xenophon excepted) do not expect anything to be done about it anytime soon.
Last edited by busdriver007; 5th May 2014 at 09:03.