And you worry about J*S*
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Join Date: May 2002
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And you worry about J*S*
SINGAPORE Inc just won't give up until they have gutted what is left of the once proud aviation industry in Oz, and Oz politicians sell their conscience for 1st class upgrades / privilidges / look after the family etc 
Airline still eyes US route
December 10, 2006 02:45pm
Article from: AAP
SINGAPORE Airlines will continue to campaign for a right to share the lucrative trans-Pacific route to the US from Australia with Qantas, an airline senior executive said today.
Singapore Airlines vice-president for partnerships TK Mun said the airline is keeping a close eye on the route despite its application to fly being rejected by the Australian Government this year.
"The subject is very much alive; nothing is forever," Mr Mun said.
He was speaking at a gathering of the Star Alliance group of airlines which this week welcomed its newest member, Turkish Airlines, in Istanbul.
"We need to find the right time and right circumstances and to be able to convince all stakeholders that we have a role to play on the route," Mr Mun said.
He said there was a lot of consumer interest in Singapore winning access to the route, which would provide customers with more choices and contribute to tourism.
He said Singapore Airlines was not looking to take a stake in the private equity-led takeover attempt on Qantas, where a consortium that includes Macquarie Bank and Texas Pacific Group are looking to take 49 per cent ownership of the airline.
"TPG and the other interested parties will probably pick up that 49 per cent," Mr Mun said.
He said the heavily regulated aviation industry is one of the last to experience the leveraged buy-outs of the giant private equity players.
"We are watching very closely what is happening and this is in the initial stages of development so we do not know yet how things will develop and what will be the Australian government's position," Mr Mun said.
"But we are convinced that you will continue to see the kangaroo on the plane because the national carrier must be in the hands of, controlled and effectively owned by Australians."
He said in the airline industry there is not a free play of market forces that can be found in other industries such as banking, insurance and telecommunications.
"Other industries do allow market forces to decide what is best but under the current framework that has been in place for 60 years in the aviation industry this is not permissible," Mr Mun said.
Airline still eyes US route
December 10, 2006 02:45pm
Article from: AAP
SINGAPORE Airlines will continue to campaign for a right to share the lucrative trans-Pacific route to the US from Australia with Qantas, an airline senior executive said today.
Singapore Airlines vice-president for partnerships TK Mun said the airline is keeping a close eye on the route despite its application to fly being rejected by the Australian Government this year.
"The subject is very much alive; nothing is forever," Mr Mun said.
He was speaking at a gathering of the Star Alliance group of airlines which this week welcomed its newest member, Turkish Airlines, in Istanbul.
"We need to find the right time and right circumstances and to be able to convince all stakeholders that we have a role to play on the route," Mr Mun said.
He said there was a lot of consumer interest in Singapore winning access to the route, which would provide customers with more choices and contribute to tourism.
He said Singapore Airlines was not looking to take a stake in the private equity-led takeover attempt on Qantas, where a consortium that includes Macquarie Bank and Texas Pacific Group are looking to take 49 per cent ownership of the airline.
"TPG and the other interested parties will probably pick up that 49 per cent," Mr Mun said.
He said the heavily regulated aviation industry is one of the last to experience the leveraged buy-outs of the giant private equity players.
"We are watching very closely what is happening and this is in the initial stages of development so we do not know yet how things will develop and what will be the Australian government's position," Mr Mun said.
"But we are convinced that you will continue to see the kangaroo on the plane because the national carrier must be in the hands of, controlled and effectively owned by Australians."
He said in the airline industry there is not a free play of market forces that can be found in other industries such as banking, insurance and telecommunications.
"Other industries do allow market forces to decide what is best but under the current framework that has been in place for 60 years in the aviation industry this is not permissible," Mr Mun said.
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Open it right up to every Tom ,Dick and Harry Airline and the Pacific will once again end up as a sea (or should that be an ocean) of red ink as it was in the late 80's where no one could make a buck on the run.
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But according to the genius of Fran Bailey, the tourism minister it would be a bonus to have more airlines flying the pacific...
Stupid politicians, she already forgot the late 80's Max, mind you she don't need to worry.........
Stupid politicians, she already forgot the late 80's Max, mind you she don't need to worry.........
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if qantas is a private company not a public one
whos interest does it serve to protect the routes
better for the goverment to open the skys than assist the millionares factory rip off aussie comsumers..macquairy loves the free market let them live in a sea of red ink..the workers are getting shafted anyway at least they will have cheap fares to compensate them for loss of jobs,income,staff travel ect ect
whos interest does it serve to protect the routes
better for the goverment to open the skys than assist the millionares factory rip off aussie comsumers..macquairy loves the free market let them live in a sea of red ink..the workers are getting shafted anyway at least they will have cheap fares to compensate them for loss of jobs,income,staff travel ect ect
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On last night's news someone was telling Sandra that Macquarie was also looking at getting a slice on Toll Holdings. The same Toll holdings that owns a slice of Virgin Blue. Anyone want to be a fly on the wall at the ACCC over the next few weeks?
