Qantas likely to merge
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Qantas likely to merge
Merge with who? Any ideas of whats likely to happen?
Qantas likely to merge
Wednesday, August 27, 2008
Qantas should merge with another major carrier in the near future, according to outgoing Chief Executive, Geoff Dixon.
Speaking to ABC Radio on the weekend, Mr Dixon has supported a merger with another major airline saying that it would not be different to what existed now.
However, industry officials are already casting doubt on the plan, citing the Qantas Sales Act which stipulates that no foreign airline can own more than 25 per cent of the carrier, and no group of airlines can acquire more than 35 per cent, leaving total foreign ownership at a maximum 49 per cent.
Australia’s national carrier would also have to convince politicians that the merger would be the best move for the interests of the country, after earlier government efforts to join the flying kangaroo with Singapore Airlines failed.
Despite the difficulties, Mr Dixon remained insistent a merger would be on the cards.
"Qantas would always be Australian and would always have the great majority of its jobs and its business in Australia," Mr Dixon said.
"But there has to be a level of maturity when it comes to a discussion on this”
"Other airlines are starting to merge and we must be part of that.”
"It doesn't mean the kangaroo will go. It doesn't mean the brand will go. It will be probably very similar to what it is now. People have got to understand that this will happen."
Source = e-Travel Blackboard: D.M
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"Qantas would always be Australian and would always have the great majority of its jobs and its business in Australia," Mr Dixon said.
Or will it be the majority of Qantas jobs in Australia will be held by Australians?
"But there has to be a level of maturity when it comes to a discussion on this”
"It doesn't mean the kangaroo will go. It doesn't mean the brand will go. It will be probably very similar to what it is now. People have got to understand that this will happen."
People have got to understand this will happen.....or do people have to understand this is what Darth wants...
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Regretfully with $35 Billion in aircraft orders, there are any number of 'predators' who know what that can mean and will snap up the Roo if & when the price is right.
As the departing CEO knows, best defence Qantas has is to cosy up to a new partner. Provided of course, whoever it is the Roo wants to marry can win over all who understand that Australia, Qantas, Staff, and many associated with aviation would now be seriously financially troubled, had the APA Qantas Takeover Bid succeeded.
Unfortunately not much evidence yet that those responsible for the Roo's well being have learned from history.
As the departing CEO knows, best defence Qantas has is to cosy up to a new partner. Provided of course, whoever it is the Roo wants to marry can win over all who understand that Australia, Qantas, Staff, and many associated with aviation would now be seriously financially troubled, had the APA Qantas Takeover Bid succeeded.
Unfortunately not much evidence yet that those responsible for the Roo's well being have learned from history.
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We`lost QF as an Aussei icon when 'darth' stepped in, he started the rot. Now it's a Co. that's floundering & ripe for the picking.
Yeah right you Wally. Gee they must be floundering with a $970 million profit. Crikey some crap is written here.
Yeah right you Wally. Gee they must be floundering with a $970 million profit. Crikey some crap is written here.
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"777" floundering doesn't have to mean it's about money, unlike yr thoughts it's about the people who make the Co., that's the part that's floundering 'cause their being shafted!...sheeeeez, some people !
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If they buy Australia it'll be for the oil reserves, not the Airline...
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After the snow job that was the spin put by Darth and his apprentice Maggie about the take over you would have to take anything said by Darth with a grain of salt....
The company has just made another record profit in difficult times and with other airlines folding yet.....doom and gloom again and the only way to fix it is to sell....sorry..I mean merge..sorry slip of the tongue there.
Thankfully the sale act was enacted and wisely so....
The company has just made another record profit in difficult times and with other airlines folding yet.....doom and gloom again and the only way to fix it is to sell....sorry..I mean merge..sorry slip of the tongue there.
Thankfully the sale act was enacted and wisely so....
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"Qantas would always be Australian and would always have the great majority of its jobs and its business in Australia," Mr Dixon said.
So two years ago Mr. Dixon was trying to privatise the airline and now he says it needs to merge with another carrier??????????????????????????????????????
This just doesn't f***ing compute!
Exactly what is he trying to maximise, long term shareholder value? I don't think so at all. I think he is trying to pump some life into the short term share price by suggesting that QF is "in play" as a merger target.
This just doesn't f***ing compute!
Exactly what is he trying to maximise, long term shareholder value? I don't think so at all. I think he is trying to pump some life into the short term share price by suggesting that QF is "in play" as a merger target.