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MERGED: Qantas grounded effective immediately.

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MERGED: Qantas grounded effective immediately.

Old 29th Oct 2011, 21:52
  #301 (permalink)  
 
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Yeah, right. I would've expected better interference from paid lackies, or....

Everyone is assuming that FWA will cancel the PIA and order the unions back to work. What if they don't? What if they say that the unions were taking reasonable, measured action, and it is up to the shareholders, via their management, to close down the company if they wish (which obviously they don't- would be an interesting proposition to close down a profitable, publicly traded company).
What if they see this for exactly what it is- a company trying to use the govt/law/FWA etc to stop unions taking industrial action?
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Old 29th Oct 2011, 21:54
  #302 (permalink)  
 
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Question

OK, I'm not real bright, so can you explain to me slowly, how greedy Qantas pilots wearing silly ties and making in flight announcements are adversely affecting Qantas
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Old 29th Oct 2011, 21:54
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Ignore the trolls.

Today on AM "The airline practices and implements grounding the airline multiple times a year" - Alan Joyce. Huh?

Backing down cause he knew he was sprung with preplanning this?
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Old 29th Oct 2011, 21:55
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The blame lies fairly and squarely on the 3 union leaders I'm afraid. They all got caught hook line and sinker!
I reckon its a bit too early to call BLAME on this one NewPiper.

Me thinks -we will see who ends up with the Raw Prawn tomorrow morning when the ASX opens up.
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Old 29th Oct 2011, 21:57
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Alan Joyce will be interviewed on a special Inside Business today on the ABC.
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Old 29th Oct 2011, 22:00
  #306 (permalink)  
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Alan Joyce will be interviewed on a special Inside Business today
And Bolta

On The Bolt Report on Channel 10 (10am and 4:30pm): Qantas CEO Alan Joyce, Peter Costello, Bruce Hawker and Donna Laframboise on her IPCC expose. Apologies for the no-show of Richard Denniss, grounded by the Qantas dispute,
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Old 29th Oct 2011, 22:01
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Of course this could also be the start of the final act in the takeover game (for all the conspiracy theorists). Share price drops dramatically on Monday, private equity moves in on Tuesday.

Cliffords response on Friday that he thought that it would be too hard for PE to raise the funds is laughable.
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Old 29th Oct 2011, 22:02
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How can Qantas justify grounding mainline 737's but allow Jetconnect to keep operating?
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Old 29th Oct 2011, 22:10
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I don't profess to know the ins and outs of the Qantas dispute. Surely the Unions do not want to cripple the company with unrealsitic claims? How can any real dialogue occur with a Board of Directors who are too many in number and are being paid what is really obscene amounts of money.

I am angry that our national carrier has had it's brand damaged for-ever by a CEO who cannot have the feeling of pride the rest of us grew up with.

I could go on but will just say I am not happy.
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Old 29th Oct 2011, 22:13
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The CEO is responsible to the board who are responsible to the shareholders. They obviously back him and his actions, I would be curious to see how a take over by private equity would earn everyone better terms and conditions. More likely that they would load the company with debt, lean the operation out and flog all they can to get the debt levels down. None of that points to better options than what QF pays now.
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Old 29th Oct 2011, 22:15
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Shorten on Insiders taking a dim view of Joyces actions. This is going to get interesting.
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Old 29th Oct 2011, 22:17
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Will not fly QF again

Having been stranded and delayed previously, as a QF Platinum FF I shall have to fly in the future with other airlines.

No wonder that Virgin were offering to transfer QF FF into their FF program at the same status.

QF will be out of business by loosing more customers like me.

JERR
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Old 29th Oct 2011, 22:17
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Stillalbatross:

The CEO is responsible to the board who are responsible to the shareholders. They obviously back him and his actions, I would be curious to see how a take over by private equity would earn everyone better terms and conditions. More likely that they would load the company with debt, lean the operation out and flog all they can to get the debt levels down. None of that points to better options than what QF pays now.
Once the company is private, it's profitability is not required to be disclosed. A privatised Qantas could screw the traveling public for all its worth. There would also be enough to buy off the unions as well. This has been done many times before.
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Old 29th Oct 2011, 22:21
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steve purvinas thanks for everything
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Old 29th Oct 2011, 22:21
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Just landed..and heard the news..I am shocked, stunned. Let me add that SKY news (UK) (run by you know who) is currently on air as I type at LHR and giving the impression on air and to pax interviwed that the grounding is because of a pilots stike!!! Showing vision of boarding signs "QANTAS apoligises your flight is being affeted by industrial action"
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Old 29th Oct 2011, 22:30
  #316 (permalink)  
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aiming...where is your info coming from?
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Old 29th Oct 2011, 22:30
  #317 (permalink)  
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Not sure where you get that from?

Neither unions nor company backed down so at 2.00 am the FWA was adjourned to later today.

Stick to the facts. Peoples livilhood is involved, including staff and shareholders. They deserve to be informed, not misinformed.
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Old 29th Oct 2011, 22:32
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Is this another method to try and push the government to remove the Qantas sale act and then sell off QF?

Also if this is preplanned, are board members open to any legal case against them for misleading shareholders?
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Old 29th Oct 2011, 22:47
  #319 (permalink)  
 
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Alan Joyce is coming up on The Bolt Report on Channel Ten at 10am [repeated at 4:30pm].

I really don't think the unions should be playing victim in this too much. It reminds me of the school kid on the bus who claimed 'victim status' after the guy he had been slapping in the back of the head for 10 minutes turned around and punched him in the nose.
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Old 29th Oct 2011, 22:47
  #320 (permalink)  
 
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I'll put my money on Joyce getting the arse over this one, not the most propitious time to ground the airline given the headlines over maintenance problems and the current hot potato, corporate greed.
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