Porkie pies again ???
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Porkie pies again ???
In this afternoon's paper (Sydney Daily Telegraph)...
Mmmmmmm. What's his agenda THIS time??? Trying desperately to shore up the languishing share price? More imminent bad news? Or simply just more of the same bull5h1t and 'the cheque's in the mail' or 'I'm here to help you' garbage that we've heard all before, and WAY too often ? Pardon my cynicism. 
QANTAS would not leave Australia, the company's chief executive said today, while complaining about foreign ownership restrictions on the flying kangaroo.
Geoff Dixon told a transport conference in Canberra that despite all the speculation around the company's future, there was no intention for it to depart Australia.
"Qantas, of course, and I mean this, has no intention of uprooting from Australia," he said.
But Mr Dixon said the foreign ownership restrictions imposed on Australia made it much harder for Qantas.
He said Qantas faced many airlines which were government-owned and had government support.
The restrictions on foreign ownership on Qantas made it extremely hard to raise the necessary funds to expand.
"What these national ownership and control restrictions also do, is limit the access to capital in the world's most capital-intensive industry," he said.
Qantas is in a big savings drive.
Mr Dixon revealed the company planned to ditch about 20 per cent of its management support positions within the next six months.
"In the next six months we will reduce management support positions by about 20 per cent," he said.
"We're still going to go ahead very aggressively with our two-brand strategy, with Jetstar taking on international operations.
"And we are committed to major ongoing investment in new, more efficient aircraft.
"And we are evaluating other opportunities."
Geoff Dixon told a transport conference in Canberra that despite all the speculation around the company's future, there was no intention for it to depart Australia.
"Qantas, of course, and I mean this, has no intention of uprooting from Australia," he said.
But Mr Dixon said the foreign ownership restrictions imposed on Australia made it much harder for Qantas.
He said Qantas faced many airlines which were government-owned and had government support.
The restrictions on foreign ownership on Qantas made it extremely hard to raise the necessary funds to expand.
"What these national ownership and control restrictions also do, is limit the access to capital in the world's most capital-intensive industry," he said.
Qantas is in a big savings drive.
Mr Dixon revealed the company planned to ditch about 20 per cent of its management support positions within the next six months.
"In the next six months we will reduce management support positions by about 20 per cent," he said.
"We're still going to go ahead very aggressively with our two-brand strategy, with Jetstar taking on international operations.
"And we are committed to major ongoing investment in new, more efficient aircraft.
"And we are evaluating other opportunities."
Last edited by captaindejavu; 14th Jun 2006 at 02:37.
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Remember Geoff Dixon used to be in Foreign Affairs. Recall the language of A. Downer (You can't recall!!) when he explains AWB, Higgs and so on
What Geoff has said is Qantas (HQ) will remain in Australia. That is Qantas in this context. Qantas, the entity, will outsource engineering and maintenance, cabin crew, pilots, financial services, call centres, etc., from its Australian HQ.
So when he says, Qantas will not leave Australian shores, he is not telling porkies
What Geoff has said is Qantas (HQ) will remain in Australia. That is Qantas in this context. Qantas, the entity, will outsource engineering and maintenance, cabin crew, pilots, financial services, call centres, etc., from its Australian HQ.
So when he says, Qantas will not leave Australian shores, he is not telling porkies
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Yep, you're absolutely correct. He obviously doesn't regard Qantas as including crew, engineers, and all those pesky Australian workers. Just the HQ.
Still..... the rhetoric questions I posed... stand. What's he REALLY up to, or what does he secretly know, to warrant making these comments at this time? I betcha ASIC isn't being kept fully informed.
Still..... the rhetoric questions I posed... stand. What's he REALLY up to, or what does he secretly know, to warrant making these comments at this time? I betcha ASIC isn't being kept fully informed.
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"Qantas, of course, and I mean this, has no intention of uprooting from Australia," he said.
",and I mean this"
So what his message is in this release is that he normally doesn't mean it.
That's not really a revelation to anyone though, is it.
",and I mean this"
So what his message is in this release is that he normally doesn't mean it.
That's not really a revelation to anyone though, is it.
