T-Vasi, Don't take this the wrong way but you look like you have been 'drinking the Kool aid' mate. Or believe the weekly company news letter's JQ put out...
JQ-
I disagree with this on the basis that the Australian franchise makes money. I believe it has since day one.
So will a kids lemonade stand when Mom and Dad buy the shop out and also provide the the shop, lemons, sugar etc.
It must be noted that Qantas is only a shareholder, and has only partly funded these businesses. It is shared risk
Unfortunately QF has funded most Start up costs internationally , only to dilute share holdings later so IF any profits were ever made the business model still needs to recoupe losses. The original Business model would never take this into account so flawed from conception. EG, JQ Asia only profit was Leasing AC, that had no routes to fly, to JQ OZ
, A330's persisting on loss making routes for years, having to buy Value Air to be able to fly to Indo.
Or the other way to do it keep pumping money in!
How much money into JQ Japan has been injected and reduced the 'investors' holding's lately.
JPacific,
To add to FYSTI, don't forget the AC VNA -198 , brand new A320 in Australian config, gifted to JPA to help get the Exec's out of jail! 40Million + write off from QF books.
No money gets back to QF, just to 'The Party'. It's only getting expanded because Vietjet has 4x it's size in 3 yrs and it's costing some Party members a new Rolls Royce
JQHK/ Red Q all a joke that need not be discussed due so many flaws in the approach in doing business in Asia.
FFRATS.