Jetstar to launch Hong Kong based carrier
Originally Posted by 404
Just for the record JHK was 2/3 foreign owned. China Eastern is a mainland Chinese carrier based out of Shanghai.
Told you so right at the beginning. The true costs will be buried in the accounts. What cannot be recovered is the amount of management time wasted on these stupid Asian ventures.
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What could be the effect on the other Asian Jetstar franchises of this?
I'm just thinking out load really, but could this "centrally located" airline have been a lynch pin of the whole thing, so to speak?
I'm just thinking out load really, but could this "centrally located" airline have been a lynch pin of the whole thing, so to speak?
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blessing in disguise?
How much would have JQHK lost fighting local airlines and for how many more years to come?
How much have their other ventures made? Really, not much.
So, sure, they blew the money, but has it actually saved money by going no further?
How much would have JQHK lost fighting local airlines and for how many more years to come?
How much have their other ventures made? Really, not much.
So, sure, they blew the money, but has it actually saved money by going no further?
To be clear,, Qantas will lose the majority of its invested capital in Asia and will never see a dollar of profit from any Asian venture. Qantas has no understanding whatsoever of Asian business environments at all and cannot possibly develop the same. Without that, and the associated personal links, that take about thirty years to develop, you have no hope.
To put that another way, I lost count of the Asian customers we wined and dined, picnics, bb'qs, visits to Healseville sanctuary and the Great Ocean road and the countless children in Australian schools we kept an eye on as I was growing up. We treated them as family, as they would expect us to if we are to do business together, Can Qantas do this? Not so much.
To put that another way, I lost count of the Asian customers we wined and dined, picnics, bb'qs, visits to Healseville sanctuary and the Great Ocean road and the countless children in Australian schools we kept an eye on as I was growing up. We treated them as family, as they would expect us to if we are to do business together, Can Qantas do this? Not so much.
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Sunfish
You are correct in what you say. If it were only the so-called 'capital invested' that QF shareholders stood to loose I would not be too concerned.
In reality that is the part of the iceberg above the water.
There is no doubt that the other 'equity' investors in the Asian ventures have been indemnified. The half-price sale of the JQHK A320's to Chinese interests is proof of that.
My concern is when and where does this turn up on the QF balance sheet.
But I guess by the time that happens Elaine would have already departed with his bonus.
You are correct in what you say. If it were only the so-called 'capital invested' that QF shareholders stood to loose I would not be too concerned.
In reality that is the part of the iceberg above the water.
There is no doubt that the other 'equity' investors in the Asian ventures have been indemnified. The half-price sale of the JQHK A320's to Chinese interests is proof of that.
My concern is when and where does this turn up on the QF balance sheet.
But I guess by the time that happens Elaine would have already departed with his bonus.
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Titan Uranus,
The reality is, in my opinion, that crew should be accommodated in suitable hotels, and that's for numerous reasons. If you would like to discuss this, I'm happy to oblige.
I take it from your post that you'd be happy to stay in a caravan park in order not to be so "Qantas"
The reality is, in my opinion, that crew should be accommodated in suitable hotels, and that's for numerous reasons. If you would like to discuss this, I'm happy to oblige.
I take it from your post that you'd be happy to stay in a caravan park in order not to be so "Qantas"
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"Don't worry, like Jetstars international arm it will be a sound business and highly lucrative from day one."
Green Goblin 4 Aug 11
You're still not very smart are you. I would be pulling my head right in about tits and gunja dick-head.
Green Goblin 4 Aug 11
You're still not very smart are you. I would be pulling my head right in about tits and gunja dick-head.
Last edited by Iron Bar; 30th Jun 2015 at 04:53.
At least there'd be plenty of cannabis and boobs to squeeze in the trailer park for the long haul lads
Jetstar must have really been scraping the bottom of the barrell when they employed an idiot like you. Either that or they gave the psych testers the day off. I pity any female pilot/cabin crew member that has to work with you.
JQ HKG, Like JQ international, has a limited lifetime left before it withers and dies off. The future is now RED!
$160mill AUD donated since 2011 and still making a loss of ~$7mill AUD/month
Obviously things are not that tight if they can throw away that sort of money.
"Don't worry, like Jetstars international arm it will be a sound business and highly lucrative from day one."
Green Goblin 4 Aug 11
You're still not very smart are you. I would be pulling my head right in about tits and gunga dick-head.
Green Goblin 4 Aug 11
You're still not very smart are you. I would be pulling my head right in about tits and gunga dick-head.
Probably why you didn't get the sarcasm in the original post. Lucrative hey?
You're the first to shrilly scream anything anti Jetstar, but qantas pilots are a protected species.
Isn't the "enemy" or more respectfully competitor, Virgin/Tiger! We all work for the same group, control of which we have none in respect to managerial decisions. Instead of in house squabbles maybe just back each other up and be grateful you have "a well paying job" - Joe Hockey.
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Qantas (the business, not Longhaul, short haul, Link, ,FF etc) has made these minor investments along with substantial local partners who possess local knowledge and who are willing to stump up cash.
I think the jury might be out on these issues, because many suggest all may not seem as it appears. Guess we will find out soon. As Buffett says "you find out who is swimming naked when the tide goes out".
I think the jury might be out on these issues, because many suggest all may not seem as it appears. Guess we will find out soon. As Buffett says "you find out who is swimming naked when the tide goes out".
longjohn, from your post, it appears that you believe the statements and financial figures that this management puts out verbatim - the huge majority of employees who are in a position to know what is really happening don't believe a word that is spoken or printed by this totally corrupt management.
No one who understands the cost of setting up a business believes that this is a "minor investment" - management say that, but there is no way you can set up the required infrastructure without outlaying large sums of money.
Perhaps you should ask Joyce why he so publicly denegrated Qantas International!
Most of the losses that have been attributed to QF International during Joyce's tenure have been "smoke & mirrors" to enable him to continue pouring funds into the various JQ franchises at the expense of the International division - he literally starved the division of the funds it needed to be competitive.
I think it's time you removed your rose coloured glasses and had a look at what has been really happening.
Jetstar Asia, Pacific and Japan remain as strategic shareholder investments. Qantas (the business, not Longhaul, short haul, Link, ,FF etc) has made these minor investments along with substantial local partners who possess local knowledge and who are willing to stump up cash.
The board, as representative of the shareholders, makes these investment decisions.
The board, as representative of the shareholders, makes these investment decisions.
Why people would denegrate what Qantas is trying to do is beyond me.
Given the extensive losses sustained by QF international over many years (and government subsidisation prior to privatisation) I would have thought we would be a little more patient when it comes to relatively minor losses sustained in the name of future investment.
I think it's time you removed your rose coloured glasses and had a look at what has been really happening.
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I think Sunfish had a point when he posted quite some time ago, this post.
" Quote:
As we all know, the growth potential of the PRC is gigantic
NO! NO! NO!
The growth potential for Chinese owned and controlled businesses is gigantic.
The growth potential for non Chinese businesses that do not have ironclad control of their intellectual property or another barrier to entry is flat effing ZERO!!!!
How do I get this message through the thick heads around here? The only people in China allowed to make money out of other Chinese are Chinese!
Even if Jetstar HK was ever established, the chances of it (a) making a profit and (b) repatriating that profit to Australia are plain ******* zero! There is no way Jetstar HKG can ever make a profit for the Qantas group, at best you might get one dollar more than you invested."
Perhaps Alan and Jane simply ignored what others knew and carried on regardless.
The cost has been very high indeed.
" Quote:
As we all know, the growth potential of the PRC is gigantic
NO! NO! NO!
The growth potential for Chinese owned and controlled businesses is gigantic.
The growth potential for non Chinese businesses that do not have ironclad control of their intellectual property or another barrier to entry is flat effing ZERO!!!!
How do I get this message through the thick heads around here? The only people in China allowed to make money out of other Chinese are Chinese!
Even if Jetstar HK was ever established, the chances of it (a) making a profit and (b) repatriating that profit to Australia are plain ******* zero! There is no way Jetstar HKG can ever make a profit for the Qantas group, at best you might get one dollar more than you invested."
Perhaps Alan and Jane simply ignored what others knew and carried on regardless.
The cost has been very high indeed.
What huge markets? Jetstar Japan says it has 60% of the LCC market. After four years or so in Domestic Japan it has 20 A320s. So the total Japanese Low Cost market, all carriers, fits into 33 A320s. Big deal.
That's roughly the same size as the domestic market of the other "Twin Pillar of the Pacific". New Zealand.
That's roughly the same size as the domestic market of the other "Twin Pillar of the Pacific". New Zealand.