Captain QANTAS
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The Fin Review Forgot...
That Dixon has a short fuse and a mouth like a sewer.
That when he couldnt get a P/C seat on QF from SIN to SYD he spent 7 large on a Sing Air seat.
That he has 3 children not 2
That he has plenty of enemies..36000 of them
That he abused LHR ground staff when he nad Mrs.D couldnt sit together due to commercial requirements.
That Dixon's self characterization as a hard man is actually code for I am a little ****e .
That rather than spend time with a computer onboard, he drinks a bottle and a half of red and then passes out.
That he is where he is because of the magic circle club.
That he doesnt give a rats rissole about employee morale.
That my parrot loves Dixons photo...it cured him of constipation. Not Dixon...the parrot.
That there is a Q to supply the sword upon which Dixon can commit sepuku.
That when he couldnt get a P/C seat on QF from SIN to SYD he spent 7 large on a Sing Air seat.
That he has 3 children not 2
That he has plenty of enemies..36000 of them
That he abused LHR ground staff when he nad Mrs.D couldnt sit together due to commercial requirements.
That Dixon's self characterization as a hard man is actually code for I am a little ****e .
That rather than spend time with a computer onboard, he drinks a bottle and a half of red and then passes out.
That he is where he is because of the magic circle club.
That he doesnt give a rats rissole about employee morale.
That my parrot loves Dixons photo...it cured him of constipation. Not Dixon...the parrot.
That there is a Q to supply the sword upon which Dixon can commit sepuku.
Last edited by Le 3rd Homme; 31st Mar 2007 at 23:07.
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Can you imagine the dinner party scene when this deal was put together a couple of years back......
Dixon at the head of the table " okay James ( Packer ), we'll get you on the board first and make sure you speak to Costello and get him on side. Marg, you use your influence to get the FIRB on side. I'll continue to talk the company down at every opportunity so that these idiot shareholders start to believe the take-over deal is the best they'll ever see. Peter you just echo everything I say because as Chief Financial Officer it will be more convincing coming from you......WE'LL BE RICH I TELL YOU, RICH!!! More money than you can imagine, then we'll just walk away and who gives a sh#t"
Well the wheel has turned you despicable bunch of industrial rapists!
GUARD
Dixon at the head of the table " okay James ( Packer ), we'll get you on the board first and make sure you speak to Costello and get him on side. Marg, you use your influence to get the FIRB on side. I'll continue to talk the company down at every opportunity so that these idiot shareholders start to believe the take-over deal is the best they'll ever see. Peter you just echo everything I say because as Chief Financial Officer it will be more convincing coming from you......WE'LL BE RICH I TELL YOU, RICH!!! More money than you can imagine, then we'll just walk away and who gives a sh#t"
Well the wheel has turned you despicable bunch of industrial rapists!
GUARD
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Le 3rd Homme.......I nearly fell off my jumpseat laughing at your post....spot on
Darth, Brown , Il Duce,the Dame and the rest of the Teletubbies are in for some serious STRESS over the coming weeks.
We should not be overly surprised at the tactical disaster this bid has turned out to be. The above team have mismanaged a litany of other "cock ups" over the last few years.Eg: Jetstar Asia, poor fleet selection ( read: passing on 777-er and retaining 743)Closing Heavy Maint at SYD, Outsoucing IT to India.........on and on it goes, not to mention MORALE
I reckon there should be a full blown Public Enquiry into this bid with an Independent Financial scrutiny.
As has been stated before, we are not stupid, we have all seen through this game of "noughts & crosses".
The gig is up you Clowns.
The stench of the rotting carcass is all a bit much for me
Darth, Brown , Il Duce,the Dame and the rest of the Teletubbies are in for some serious STRESS over the coming weeks.
We should not be overly surprised at the tactical disaster this bid has turned out to be. The above team have mismanaged a litany of other "cock ups" over the last few years.Eg: Jetstar Asia, poor fleet selection ( read: passing on 777-er and retaining 743)Closing Heavy Maint at SYD, Outsoucing IT to India.........on and on it goes, not to mention MORALE
I reckon there should be a full blown Public Enquiry into this bid with an Independent Financial scrutiny.
As has been stated before, we are not stupid, we have all seen through this game of "noughts & crosses".
The gig is up you Clowns.
The stench of the rotting carcass is all a bit much for me
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The AFR articles was written in anticipation of a successful bid as it mentioned several times of the soon-to-be-director. What a bloody joke? One would have thought that the editorial staff of the Fin would have been able to correct these inaccuracies.
A couple of other points
- Dixon was never on the diplomatic staff of the Australian Govt. He was a hack in what was known as the News and Information Service. To the best of my knowledge, these lower down spin doctors were never on the diplomatic list the same way as Consular staff do not make the diplomatic list.
- Dixon has never worked in most of the areas mentioned such as cabin crew and network development. He's always been a marketing man with some responsibility for these areas but he's never worked in them as stated.
All in all, a pretty ordinary piece of fluff that gives journalism a bad name.
A couple of other points
- Dixon was never on the diplomatic staff of the Australian Govt. He was a hack in what was known as the News and Information Service. To the best of my knowledge, these lower down spin doctors were never on the diplomatic list the same way as Consular staff do not make the diplomatic list.
- Dixon has never worked in most of the areas mentioned such as cabin crew and network development. He's always been a marketing man with some responsibility for these areas but he's never worked in them as stated.
All in all, a pretty ordinary piece of fluff that gives journalism a bad name.
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Rumour has it that a certain regulatory body is taking a good hard look at the actions of a certain company's board members with regard to shenanigans relating to a proposed take over..........
BRING IT ON!!!!!!!
BRING IT ON!!!!!!!
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If Darth wants to be known as captain Qantas then uniforms section should get him a red jump suit like some 'B" grade movie with a big 'Q" on the front and his underpants on the outside.
He would be sure to impress his secretarial staff in that outfit and he could do his interviews in it.
He would be sure to impress his secretarial staff in that outfit and he could do his interviews in it.
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GD was never Captain Qantas. He has been, for the last four years at least, Captain Jetstar. or Captain Greed.
Whilst some of the emotions here are understandable, maybe we should wait until the Rotund Chick has sung......
Whilst some of the emotions here are understandable, maybe we should wait until the Rotund Chick has sung......
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Serious students of corporate strategy call business magazines "business pornography" and treat them accordingly. Adulatory articles such as the one on Mr. Dixon are not unknown.
I bet I could find a few ones on Adler, Bond, Richardson, Kennedy, Rich and suchlike, lauding their talents, connections, brilliant business strategies and scintillating commercial insights and of course the companies they built....like HIH, FAI, OneTel, Alpine printing and...Jetstar Asia.
I bet I could find a few ones on Adler, Bond, Richardson, Kennedy, Rich and suchlike, lauding their talents, connections, brilliant business strategies and scintillating commercial insights and of course the companies they built....like HIH, FAI, OneTel, Alpine printing and...Jetstar Asia.
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Legacy Airline???
Over the last 3 years the LEGACY AIRLINE mantra/spin has been thrown around us all like some subliminal message reminicent of a scene out of A Clockwork Orange!
Darth/Brown et al would bang on about it at every Staff Forum, every media event, with: "blah, blah , oh and this is the reason for your wage freeze ....and don't forget we are a Legacy Airline".
YEAH RIGHT ( and we're not allowed to ask about your 60 big ones??)
Now, if Marg, Darth and the Teletubbies are punted if/when the Bid goes down , then I reckon we'll have a right to call this collective "gaggle".
...OUR LEGACY.
Then, maybe......we'll be able to move on as an airline and this period in our history will best be remembered as just "Wind Shear" ( aka : our Legacy)
Lest we Forget.
Darth/Brown et al would bang on about it at every Staff Forum, every media event, with: "blah, blah , oh and this is the reason for your wage freeze ....and don't forget we are a Legacy Airline".
YEAH RIGHT ( and we're not allowed to ask about your 60 big ones??)
Now, if Marg, Darth and the Teletubbies are punted if/when the Bid goes down , then I reckon we'll have a right to call this collective "gaggle".
...OUR LEGACY.
Then, maybe......we'll be able to move on as an airline and this period in our history will best be remembered as just "Wind Shear" ( aka : our Legacy)
Lest we Forget.
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Interesting that the article describes Geoffrey as a 'Labor man' - as evidenced by his humble approach to executive remuneration, his keen desire to work constructively with unions, and of course his passionate opposition to Workchoices.
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MacBunny to the rescue
New tack expected in $11bn bid for Qantas
By Geoff Easdown
April 06, 2007 12:00am
Article from:
</IMG>
THE $11.1 billion Qantas bid will go unconditional within weeks under a new deal Airline Partners Australia is negotiating with its bankers.
BusinessDaily believes the plan involves a second extension of the $5.45-a-share offer beyond the present cut-off date of April 20.
The partners are also expected to flag a plan next week under which the buyout will become unconditional once the syndicate acquires 70 per cent of Qantas shares.
At present, the Australian-North American buyout group has to win acceptances from 90 per cent of shareholders to draw on the $10.1 billion "covenant-lite" debt facility negotiated with its lending syndicate.
During the past week a Macquarie Bank-led bid team has been on the phones seeking to restructure the offer.
Yesterday, a senior Qantas source told BusinessDaily to be prepared for the bid to hot up next week.
A clear indication a new deal looms emerged on Tuesday when Deutsche Bank, one of the foreign banks funding the buyout, advised the stock exchange it was building a stake in Qantas. Between Friday of last week and last Tuesday, Deutsche lifted its holding from 5.4 per cent to 10.86 per cent.
Shaw Stockbroking's senior analyst Brent Mitchell said yesterday that APA and Qantas board and management had too much to lose to let the deal collapse.
"They have invested too much in this and there is their credibility going forward," said Mr Mitchell.
The new strategy is aimed at sidestepping a deal-blocking manoeuvre by two institutional shareholders that want more for their shares. UBS Nominees and Balanced Equity Management, which hold 14 per cent of the airline, have gathered sufficient shares to block the bid as it stands.
According to sources, the buyout group, comprising Allco Finance, Macquarie Bank and North American interests TPG and Onex Corp, has told Qantas management to expect a major announcement after the Easter break.
APA is believed to have adopted the view that a 70 per cent acceptance level will snare about 40 per cent of Qantas stocks now held by hedge funds.
By obtaining the hedge fund holdings, APA would lift its present stake from 30.6 per cent to more than 70 per cent.
Once the deal goes unconditional APA is bound to pay sellers within a month, giving security to the hedge funds which risk huge losses if the bid collapses and the price of Qantas shares plunges.
The buyout partners believe that by getting the hedge fund holdings they will trigger further sales by various managed funds who have held Qantas as a top 500 stock.
Managed funds invest in index stocks and under the plan, once APA gets to 70 per cent the liquidity of the carrier's stocks will fall, causing them to drop out of the index. As a result the index funds would be forced to sell.
Shaw's Brent Mitchell said: "Obviously if they declare the bid unconditional and let it complete they (APA) will end up with a certain percentage of Qantas stock.
"They would then be able to come back later with a higher bid to clean up the rest, " Mr Mitchell said.
Mr Mitchell said he would not be surprised to see a revised offer emerge after Easter which would give the hedge funds "a reasonable short term gain".
"They would stand to pick up the difference between $5.15 a share which they have been buying at and APA's formal $5.45 bid," he said.
Mr Mitchell said the deal may now have to be made in two stages.
Looks like the MacBunny will be coming after all to deliver those eggs laden with $$$$ for Darth & his Teletubbies.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
What I want to know now is:
1.How did the Govt award the ( 4 year ) $900m Defence contract to a Company with no transparent Tender process, particularly at a time when this APA deal is been negotiated ??
2. The Army( mmm...."Defence" word again) Captain (???) who has been caught alledgedly knocking off ROCKET LAUNCHERS.
HOW THE HELL DOES THIS HAPPEN???
This had the potential for a disaster far greater than 9/11. For some lunatic to sit on top of a building as a 744 departs heavy from SYD is too frightening to contemplate??
Again, lets see a full and open enquiry in to both of the above.
Chance of it happening.????
I believe in the Easter Bunny.
By Geoff Easdown
April 06, 2007 12:00am
Article from:
</IMG>THE $11.1 billion Qantas bid will go unconditional within weeks under a new deal Airline Partners Australia is negotiating with its bankers.
BusinessDaily believes the plan involves a second extension of the $5.45-a-share offer beyond the present cut-off date of April 20.
The partners are also expected to flag a plan next week under which the buyout will become unconditional once the syndicate acquires 70 per cent of Qantas shares.
At present, the Australian-North American buyout group has to win acceptances from 90 per cent of shareholders to draw on the $10.1 billion "covenant-lite" debt facility negotiated with its lending syndicate.
During the past week a Macquarie Bank-led bid team has been on the phones seeking to restructure the offer.
Yesterday, a senior Qantas source told BusinessDaily to be prepared for the bid to hot up next week.
A clear indication a new deal looms emerged on Tuesday when Deutsche Bank, one of the foreign banks funding the buyout, advised the stock exchange it was building a stake in Qantas. Between Friday of last week and last Tuesday, Deutsche lifted its holding from 5.4 per cent to 10.86 per cent.
Shaw Stockbroking's senior analyst Brent Mitchell said yesterday that APA and Qantas board and management had too much to lose to let the deal collapse.
"They have invested too much in this and there is their credibility going forward," said Mr Mitchell.
The new strategy is aimed at sidestepping a deal-blocking manoeuvre by two institutional shareholders that want more for their shares. UBS Nominees and Balanced Equity Management, which hold 14 per cent of the airline, have gathered sufficient shares to block the bid as it stands.
According to sources, the buyout group, comprising Allco Finance, Macquarie Bank and North American interests TPG and Onex Corp, has told Qantas management to expect a major announcement after the Easter break.
APA is believed to have adopted the view that a 70 per cent acceptance level will snare about 40 per cent of Qantas stocks now held by hedge funds.
By obtaining the hedge fund holdings, APA would lift its present stake from 30.6 per cent to more than 70 per cent.
Once the deal goes unconditional APA is bound to pay sellers within a month, giving security to the hedge funds which risk huge losses if the bid collapses and the price of Qantas shares plunges.
The buyout partners believe that by getting the hedge fund holdings they will trigger further sales by various managed funds who have held Qantas as a top 500 stock.
Managed funds invest in index stocks and under the plan, once APA gets to 70 per cent the liquidity of the carrier's stocks will fall, causing them to drop out of the index. As a result the index funds would be forced to sell.
Shaw's Brent Mitchell said: "Obviously if they declare the bid unconditional and let it complete they (APA) will end up with a certain percentage of Qantas stock.
"They would then be able to come back later with a higher bid to clean up the rest, " Mr Mitchell said.
Mr Mitchell said he would not be surprised to see a revised offer emerge after Easter which would give the hedge funds "a reasonable short term gain".
"They would stand to pick up the difference between $5.15 a share which they have been buying at and APA's formal $5.45 bid," he said.
Mr Mitchell said the deal may now have to be made in two stages.
Looks like the MacBunny will be coming after all to deliver those eggs laden with $$$$ for Darth & his Teletubbies.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
What I want to know now is:
1.How did the Govt award the ( 4 year ) $900m Defence contract to a Company with no transparent Tender process, particularly at a time when this APA deal is been negotiated ??
2. The Army( mmm...."Defence" word again) Captain (???) who has been caught alledgedly knocking off ROCKET LAUNCHERS.
HOW THE HELL DOES THIS HAPPEN???
This had the potential for a disaster far greater than 9/11. For some lunatic to sit on top of a building as a 744 departs heavy from SYD is too frightening to contemplate??
Again, lets see a full and open enquiry in to both of the above.
Chance of it happening.????
I believe in the Easter Bunny.
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Unfortunatly
the amount of money spend so far on the bid is in the tens of millions, not only by the syndicate but also by QF (Wyhlie &Co).They may well succeed as they continue to get lots of support from within QF/ government. downwside is the lowering/change the bid/structure will cost APA many more millions (estimates run around 200 million). another reason Darth
is going to say we have to increase cost savings. and as mentioned in the newspaper, directors of Qf/APA (dame already looks like a goose)have too much to loose to let the bid fail.
is going to say we have to increase cost savings. and as mentioned in the newspaper, directors of Qf/APA (dame already looks like a goose)have too much to loose to let the bid fail.
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Quote “Shaw Stockbroking's senior analyst Brent Mitchell said yesterday that APA and Qantas board and management had too much to lose to let the deal collapse”
Never has a quote been more accurate…….
I have a much better title for Darth and that is Captain Enema.
As far as the Defence contract is concerned ,is there anyone on the Qantas board who knows anyone in the Department of Defence?
Never has a quote been more accurate…….
I have a much better title for Darth and that is Captain Enema.
As far as the Defence contract is concerned ,is there anyone on the Qantas board who knows anyone in the Department of Defence?
