AUGUST 24th - QANTAS
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Last week AJ was quite certain that his new A380-esque A320 premium carrier would be based in SIN or KUL.
Today he suggests that negotiations haven't even begun.
Anyway, QF has not even approached, informally, any authority in Singapore on the setting up of his new carrier.
Thanks to him announcing years in advance he wanted to fly longhaul Europe routes ex SIN, SQ now says they are going to start their new carrier.
With SQ's new carrier, Singapore will have 5 home-based airlines with a SIngapore AOC.
CAAS is now deliberating if Singapore has space for a 6th home based carrier - which is quite ridiculous for a tiny island of 5 mil people - and if it will be beneficial for Singapore's air services development (instead of killing everyone simultaneously)
If AJ shut his silly mouth, SQ wouldn't have thought of starting their own longhaul LCC and CAAS would have presented him an AOC on a silver platter.
It looks like he is missed the boat. Malaysia doesn't want him, Vietnam has screwed him, and I doubt he has the appetite to even begin dealing with Indonesia. Maybe Laos might take him, or East Timor.
Today he suggests that negotiations haven't even begun.
Anyway, QF has not even approached, informally, any authority in Singapore on the setting up of his new carrier.
Thanks to him announcing years in advance he wanted to fly longhaul Europe routes ex SIN, SQ now says they are going to start their new carrier.
With SQ's new carrier, Singapore will have 5 home-based airlines with a SIngapore AOC.
CAAS is now deliberating if Singapore has space for a 6th home based carrier - which is quite ridiculous for a tiny island of 5 mil people - and if it will be beneficial for Singapore's air services development (instead of killing everyone simultaneously)
If AJ shut his silly mouth, SQ wouldn't have thought of starting their own longhaul LCC and CAAS would have presented him an AOC on a silver platter.
It looks like he is missed the boat. Malaysia doesn't want him, Vietnam has screwed him, and I doubt he has the appetite to even begin dealing with Indonesia. Maybe Laos might take him, or East Timor.
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Just got home from having too many beers at my local and my other half tells me about a news report that Singo and GD launching some sort of t/o bid.I didn't believe her and laughed and now I;m going to bed.HILARIUS I think?
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It looks like he is missed the boat. Malaysia doesn't want him, Vietnam has screwed him, and I doubt he has the appetite to even begin dealing with Indonesia. Maybe Laos might take him, or East Timor.
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Sunstar - Didn't 3K make A$15mil or something? Beats Tiger I suppose.
It seems that QF is consolidating 3K's accounts into Group accounts despite owning just 49%. I know that this is possible under IFRS - which indicates that 3K is run as a subsidiary and not purely as an associate company.
In theory this means that 3rd countries (outside Singapore and Australia) can potentially challenge the fact that 3K is a majority Singaporean owned and controlled carrier.
Oh on an unrelated note, the name of SIA's new LCC is:
SCOOT.
SIA Plans To Name New Low-Cost Carrier Scoot | AVIATION WEEK
I kid you not.
Beats the name of yet another animal I suppose.
It seems that QF is consolidating 3K's accounts into Group accounts despite owning just 49%. I know that this is possible under IFRS - which indicates that 3K is run as a subsidiary and not purely as an associate company.
In theory this means that 3rd countries (outside Singapore and Australia) can potentially challenge the fact that 3K is a majority Singaporean owned and controlled carrier.
Oh on an unrelated note, the name of SIA's new LCC is:
SCOOT.
SIA Plans To Name New Low-Cost Carrier Scoot | AVIATION WEEK
I kid you not.
Beats the name of yet another animal I suppose.
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When will QF stop fu#king around in SIN's backyard? All that happens is that the Singaporeans get cranky and fight back twice as hard. QF does not have the capital, managerial expertise or large enough scrotum to give them a run for their money. Might as well take a wet paper towel to a gun fight AJ as you are going to get your fingers burned. There is only so much provoking they will take until they turn on you and teach you a major lesson.
How naive of the little Irishman thinking he can just waltz into some parts of Asia and set up his own mega money making entity and enjoy reaping the spoils of Asia, no strings attached! Oh yes, the lunatics are certainly in charge of the asylum. Folks this entire episode is going to turn pear shaped I gaurantee you that. Freddy Kruger isn't as dangerous as the Gnome..
How naive of the little Irishman thinking he can just waltz into some parts of Asia and set up his own mega money making entity and enjoy reaping the spoils of Asia, no strings attached! Oh yes, the lunatics are certainly in charge of the asylum. Folks this entire episode is going to turn pear shaped I gaurantee you that. Freddy Kruger isn't as dangerous as the Gnome..
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~~~▄▄██▌█ ░░░░ The Karma TRUCK IS COMING!░ ▐
▄▄▄▌▐██▌█ ░░░░░ Alan Joyce jump aboard
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▀(@)▀▀▀▀▀▀▀(@)(@)▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀(@)(@)▀▀▀▀▘
~~~▄▄██▌█ ░░░░ The Karma TRUCK IS COMING!░ ▐
▄▄▄▌▐██▌█ ░░░░░ Alan Joyce jump aboard
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Update, AJ Lateline 24-08-11
that's what he said! No wonder LC wanted him..
This video made me a little more cheerful, when she introduced the segment with, "and now for another big Australian......" then cut to _ _.. LOL
"I am paid less at Qantas than I was at Jetstar in 2008"......
This video made me a little more cheerful, when she introduced the segment with, "and now for another big Australian......" then cut to _ _.. LOL
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The 24th August
For me, the story of the day was from this great man, Ben Sandilands.
Qantas wrap including the bits the general media leaves out | Plane Talking
Qantas dismisses talk of private equity bid as baseless | Plane Talking
Pretty much sum's the day up....doesn't it?
Qantas LEGAL banned a video I only hosted (didn't make) made by a concerned Australian I don't know, who was the only person who got to the truth, 24-08-2011 (they didn't like it.) .
I salute that concerned Aussie!
Qantas wrap including the bits the general media leaves out | Plane Talking
Qantas wrap including the bits the general media is too compromised to report
This report first appeared in the Crikey subscriber bulletin today, and extracts from pilot and licensed engineer responses have been added because they are substantially suppressed in general media coverage
This report first appeared in the Crikey subscriber bulletin today, and extracts from pilot and licensed engineer responses have been added because they are substantially suppressed in general media coverage
Pretty much sum's the day up....doesn't it?
Qantas LEGAL banned a video I only hosted (didn't make) made by a concerned Australian I don't know, who was the only person who got to the truth, 24-08-2011 (they didn't like it.) .
I salute that concerned Aussie!
Last edited by TIMA9X; 24th Aug 2011 at 15:43.
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Easy to Blame Management
I guess the board has to report to the owners. (shareholders) in the real world, and make plans accordingly.
I emphasise real world, as QF's competitors reside on the same planet.
Ticket to London Sir? SQ, EK, QR, TG etc fly at least twice a day. New York? Emirates 2 times per day. etc.etc.
The difference is not just lower labour costs, it is lower taxation costs. & more efficient (less charges) airports. Buy a ZED ticket through Bahrain compared to a ZED via Sydney or London, for instance. Let me know how you feel about the difference in price.
SQ, can write down new aircraft after 4 years, QF depreciation is 7-10?
Emirates, Qatar & Etihad (to name a few) do not have any company tax liability, so their asset depreciation is up to them. Kind of a huge advantage ?
Yes we can moan about protectionism or we can change the over-regulated over mandated and overtaxed environment we call the 'lucky country'
Let's Legislate bipartisan, 1st-5th freedom rights, lets employ more civil servants to negotiate the aforementioned, lets employ more security at airports (to make it safer)???? (or should we really take a closer look at home)
Sorry (not really) for the rant.
A government that can give you every thing you want
is strong enough to take every thing you have.
-Thomas Jefferson
I emphasise real world, as QF's competitors reside on the same planet.
Ticket to London Sir? SQ, EK, QR, TG etc fly at least twice a day. New York? Emirates 2 times per day. etc.etc.
The difference is not just lower labour costs, it is lower taxation costs. & more efficient (less charges) airports. Buy a ZED ticket through Bahrain compared to a ZED via Sydney or London, for instance. Let me know how you feel about the difference in price.
SQ, can write down new aircraft after 4 years, QF depreciation is 7-10?
Emirates, Qatar & Etihad (to name a few) do not have any company tax liability, so their asset depreciation is up to them. Kind of a huge advantage ?
Yes we can moan about protectionism or we can change the over-regulated over mandated and overtaxed environment we call the 'lucky country'
Let's Legislate bipartisan, 1st-5th freedom rights, lets employ more civil servants to negotiate the aforementioned, lets employ more security at airports (to make it safer)???? (or should we really take a closer look at home)
Sorry (not really) for the rant.
A government that can give you every thing you want
is strong enough to take every thing you have.
-Thomas Jefferson
Nephew Bob, if what you were saying is true, then Qantas would have a magnificent Profit before interest and tax, furthermore, considering the age of the Qantas fleet and its leasing arrangements, I wouldn't believe depreciation was much of a problem either.
To put it another way; if it was, you can bet Joyce would be screaming about it from the pulpit.
I also note that Jetstars profits would be even less impressive if the cost shifting between Jetstar and Qantas was factored in, in fact Jetstar wouldn't be making a profit at all.
To put it another way; if it was, you can bet Joyce would be screaming about it from the pulpit.
I also note that Jetstars profits would be even less impressive if the cost shifting between Jetstar and Qantas was factored in, in fact Jetstar wouldn't be making a profit at all.
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Read between the lines
Do not believe the smoke and mirrors act that AJ is peddling.
He says this - 'QF management are disciplined, have accpeted pay freezes, forgone cash bonuses, and his current salary is less than what it was when he was at JQ in 2008' !!
Hilarious.The catch in all this is this 'my salary is less than JQ in 2008'.
As follows:
1) Salary only makes up a small component of an Execs remuneration package, and it is usually the smallest component at that. Other tasty treats can include but not limited to ;
2) Sign on bonus
3) KPI bonus - often linked to OTP, company financial performance etc
4) Consultancy links
5) Leasing companies linked to the airline which can include things such as aircraft, aircraft components, general supplies, uniforms/clothing and GSE to name a few
6) Share options that are gifted, completely free
7) Director fee's. Often this is a nice earner if a 'parent company' owns let say 7 subsiduary companies for example. A CEO could be a Director or board member on these smaller franchises and earn a tidy fee from each subsiduary
8) Finally, this is a very basic and brief overview of how executive managements TRUE package is put together, and this does not include every ingenious method of padding out their supposedly mere and humble remuneration package.
Put it another way, I once knew a CEO who earned a mere salary of just over $500 000 per year. He never mentioned in interviews that he was 'gifted' almost $70 million in share options. All he ever banged on about was how 'he did it tough and humble' when his 'salary' as CEO was so much lower when compared with other equivalent company CEO's who earned 'salaries' of millions per year. Yeah right, the reality was he was cleaning house while the naieve and dumb staff swallowed his smoke and mirror pauper act - hook, line and sinker.
It's all a deceptive play on words designed to fool the masses....
So, my point ? If a person wants to be absolutely truthful as to what he/she earns then he/she will outline each of the above points (and any extra souces of financial benefit), table it and allow everyone to calculate the true worth of the said persons remuneration.
P.S Sunfish - This is a topic/subject that you would understand very clearly. Perhaps you could add or provide some additional input on how or what could be done to accurately assess what an individual's true 'take home value' is under these sort of executive packages ? All hypothetical of course.
He says this - 'QF management are disciplined, have accpeted pay freezes, forgone cash bonuses, and his current salary is less than what it was when he was at JQ in 2008' !!
Hilarious.The catch in all this is this 'my salary is less than JQ in 2008'.
As follows:
1) Salary only makes up a small component of an Execs remuneration package, and it is usually the smallest component at that. Other tasty treats can include but not limited to ;
2) Sign on bonus
3) KPI bonus - often linked to OTP, company financial performance etc
4) Consultancy links
5) Leasing companies linked to the airline which can include things such as aircraft, aircraft components, general supplies, uniforms/clothing and GSE to name a few
6) Share options that are gifted, completely free
7) Director fee's. Often this is a nice earner if a 'parent company' owns let say 7 subsiduary companies for example. A CEO could be a Director or board member on these smaller franchises and earn a tidy fee from each subsiduary
8) Finally, this is a very basic and brief overview of how executive managements TRUE package is put together, and this does not include every ingenious method of padding out their supposedly mere and humble remuneration package.
Put it another way, I once knew a CEO who earned a mere salary of just over $500 000 per year. He never mentioned in interviews that he was 'gifted' almost $70 million in share options. All he ever banged on about was how 'he did it tough and humble' when his 'salary' as CEO was so much lower when compared with other equivalent company CEO's who earned 'salaries' of millions per year. Yeah right, the reality was he was cleaning house while the naieve and dumb staff swallowed his smoke and mirror pauper act - hook, line and sinker.
It's all a deceptive play on words designed to fool the masses....
So, my point ? If a person wants to be absolutely truthful as to what he/she earns then he/she will outline each of the above points (and any extra souces of financial benefit), table it and allow everyone to calculate the true worth of the said persons remuneration.
P.S Sunfish - This is a topic/subject that you would understand very clearly. Perhaps you could add or provide some additional input on how or what could be done to accurately assess what an individual's true 'take home value' is under these sort of executive packages ? All hypothetical of course.
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Yes but what happened on AUG 24 that was so monumental?
I find these posts from DrPepz (#680 685 & 689) very interesting, it is very possible the Jetstar setup in SIN will be seen as a Singapore identity only, it could unravel if Q apply too much pressure with the setup of yet another Qantas entity (Premium airline) as the skies are crowded in this neck of the woods, on paper anyway...
Last week AJ was quite certain that his new A380-esque A320 premium carrier would be based in SIN or KUL.
Today he suggests that negotiations haven't even begun.
Anyway, QF has not even approached, informally, any authority in Singapore on the setting up of his new carrier.
Thanks to him announcing years in advance he wanted to fly longhaul Europe routes ex SIN, SQ now says they are going to start their new carrier.
With SQ's new carrier, Singapore will have 5 home-based airlines with a SIngapore AOC.
CAAS is now deliberating if Singapore has space for a 6th home based carrier - which is quite ridiculous for a tiny island of 5 mil people - and if it will be beneficial for Singapore's air services development (instead of killing everyone simultaneously)
If AJ shut his silly mouth, SQ wouldn't have thought of starting their own longhaul LCC and CAAS would have presented him an AOC on a silver platter.
It looks like he is missed the boat. Malaysia doesn't want him, Vietnam has screwed him, and I doubt he has the appetite to even begin dealing with Indonesia. Maybe Laos might take him, or East Timor.
Today he suggests that negotiations haven't even begun.
Anyway, QF has not even approached, informally, any authority in Singapore on the setting up of his new carrier.
Thanks to him announcing years in advance he wanted to fly longhaul Europe routes ex SIN, SQ now says they are going to start their new carrier.
With SQ's new carrier, Singapore will have 5 home-based airlines with a SIngapore AOC.
CAAS is now deliberating if Singapore has space for a 6th home based carrier - which is quite ridiculous for a tiny island of 5 mil people - and if it will be beneficial for Singapore's air services development (instead of killing everyone simultaneously)
If AJ shut his silly mouth, SQ wouldn't have thought of starting their own longhaul LCC and CAAS would have presented him an AOC on a silver platter.
It looks like he is missed the boat. Malaysia doesn't want him, Vietnam has screwed him, and I doubt he has the appetite to even begin dealing with Indonesia. Maybe Laos might take him, or East Timor.
It seems that QF is consolidating 3K's accounts into Group accounts despite owning just 49%. I know that this is possible under IFRS - which indicates that 3K is run as a subsidiary and not purely as an associate company.
In theory this means that 3rd countries (outside Singapore and Australia) can potentially challenge the fact that 3K is a majority Singaporean owned and controlled carrier.
In theory this means that 3rd countries (outside Singapore and Australia) can potentially challenge the fact that 3K is a majority Singaporean owned and controlled carrier.
Sq tried to enter australia twice, and got burnt twice. I think the whole AN saga cost them 400m dollars. Doubt sq can repay a favour this big to qf!
Last edited by TIMA9X; 25th Aug 2011 at 00:40.
Profit outcome under AJ for QFA...
Under the current proposed program of QF board and CEO, the future outcome of group profits is able to be readily characterised:
asystole...
asystole...
Redirect Notice
Last edited by fdr; 25th Aug 2011 at 02:34.