Qantas Asia Business Model
Well, according to Plane talking | The Australian this story
It is suggested in that article that Qantas gave him, or organised it at arms length.... the money to 'buy' 51% of Jetstar Asia.
But another interesting connection
Mr Choo is on the board of Diethelm Keller Group, which owns STA Travel.
STA Travel, its Indonesian branch
STA Travel - Indonesia
And if we can remember from before
Qantas owns
So the assumption is that STA owns the rest.
And Dennis Choo, the financial benefactor of Qantas's foray into Jetstar Asia, who is on the board of Diethelm Keller Group, which in turn owns STA.
And another
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Which is, as per the 2010 annual report
Tour East (2009) Sdn Bhd Malaysia 75% owned by Qantas.
Under the new deal, there are only two shareholders - Jetstar with 49 per cent of the business, and a Singaporean travel wholesaler, Dennis Choo, who was given financial assistance organised by Qantas.
But another interesting connection
Mr Choo is on the board of Diethelm Keller Group, which owns STA Travel.
STA Travel, its Indonesian branch
STA Travel - Indonesia
CONTACT DETAILS
PT Tour East Indonesia
Jalan Palau Komodo no. 20
Bali
80114
Indonesia
Tel: 62 361 237 782
Fax: 62 361 231 154
Email: [email protected],id
PT Tour East Indonesia
Jalan Palau Komodo no. 20
Bali
80114
Indonesia
Tel: 62 361 237 782
Fax: 62 361 231 154
Email: [email protected],id
Qantas owns
PT Holidays Tours & Travel Tours Indonesia 37%
And Dennis Choo, the financial benefactor of Qantas's foray into Jetstar Asia, who is on the board of Diethelm Keller Group, which in turn owns STA.
And another
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TOUR EAST (2009) SDN BHD
(formerly known as STA Travel).
(formerly known as STA Travel).
Tour East (2009) Sdn Bhd Malaysia 75% owned by Qantas.
Last edited by 600ft-lb; 29th Jul 2011 at 14:59.
So basically what this means is:
1) The Qantas arrangement to employ Asian crew from an arms length third party supplier is a sham, in that it isn't an "arms length" transaction?
2) Qantas may be 100% exposed to Jetstar Asia, which should galvanise the shareholders mightily if it is correct.
If Qantas "arranged" for Mr Choo to find the finance for his purchase of Temasek's shares in Jetstar Asia, then you can bet your bottom dollar that Qantas is Guarantor, or has provided some other form of security for Choo's lenders. Could somebody ask this as a question at the Qantas AGM?
If this is true, it would be consistent with my assertion that there is no way in hell that Jetstar Asia is a winning strategy and Asian investors know it.
1) The Qantas arrangement to employ Asian crew from an arms length third party supplier is a sham, in that it isn't an "arms length" transaction?
2) Qantas may be 100% exposed to Jetstar Asia, which should galvanise the shareholders mightily if it is correct.
If Qantas "arranged" for Mr Choo to find the finance for his purchase of Temasek's shares in Jetstar Asia, then you can bet your bottom dollar that Qantas is Guarantor, or has provided some other form of security for Choo's lenders. Could somebody ask this as a question at the Qantas AGM?
If this is true, it would be consistent with my assertion that there is no way in hell that Jetstar Asia is a winning strategy and Asian investors know it.
