Qantas tie up with Malaysian Airlines from 1st April
Join Date: May 2004
Location: Hollywood
Posts: 101
Likes: 0
Received 0 Likes
on
0 Posts
With the money of ethiad about to come into virgin (wait to see virgin heading more and more into asia with this capital and expansion of more widebodies domestically also i predict) qantas is heading into tough tough winds I think.
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 15
Posts: 1,057
Received 0 Likes
on
0 Posts
The wash up - SMH 10-03-12
Qantas shelves Asia airline plan
QANTAS has finally ditched ambitious plans to set up a new ultra-premium airline in Asia - the centrepiece of efforts by the chief executive, Alan Joyce, to revive its international operations - after talks with Malaysia Airlines on a joint venture broke down.
In a setback to its bold gamble to expand aggressively into Asia, Qantas said the talks with Malaysia Airlines, which had warned last week that it is ''in crisis'', had faltered because they could not agree on the commercial terms for a new premium airline.
Qantas will not revisit earlier plans to set up an ultra-premium airline in Singapore because that would require a significantly larger investment of up to $500 million.
Aviation insiders have been sceptical of Qantas's plans since they were first revealed because the regulatory, political and economic hurdles to launching an airline in Asia were seen as extremely high.
The plans for a new airline - which was to be based in Kuala Lumpur - targeting Asia's fast-growing corporate market, were part of Qantas management's aim of turning around its international operations, which suffered more than $200 million in losses last financial year.
''It is a significant blow to their international strategy,'' said CBA Equities' transport analyst Matt Crowe. ''It sets back the timing of turning around their international business.''
The collapse of talks leaves Qantas desperate to find another partner in Asia to help it meet the ambitious target of turning a profit on its international operations within three years and making them meet their cost of capital within five.
Malaysia Airlines was one of the few available bedfellows in Asia for Qantas, after Virgin Australia snared Singapore Airlines as an alliance partner last year. Cathay Pacific is seen as an ideal alliance partner but the chances of securing it are seen as slim.
''This deal with an Asian carrier has already taken longer than we thought it would, and now it's almost back to square one,'' Mr Crowe said.
But Qantas insists that it can still meet its targets because a new airline would have required it to inject tens of millions of dollars, even under its so-called ''capital light'' option.
Despite the setback, Mr Joyce said Asia remained a priority for the airline and it ''continued to explore opportunities in the region, including joint ventures and alliances''. But he again emphasised that any investment in Asia would be on the basis that Qantas will allocate ''minimal capital to such ventures''.
The failure of the talks was not a complete surprise because Mr Joyce emphasised as recently as last month that his plans for a premium airline were ''hugely complex'', and the hurdles high.
Shares in Qantas slumped as much as 4 per cent yesterday before closing down 4.5¢ at $1.68.
Read more: Qantas shelves Asia airline plan
QANTAS has finally ditched ambitious plans to set up a new ultra-premium airline in Asia - the centrepiece of efforts by the chief executive, Alan Joyce, to revive its international operations - after talks with Malaysia Airlines on a joint venture broke down.
In a setback to its bold gamble to expand aggressively into Asia, Qantas said the talks with Malaysia Airlines, which had warned last week that it is ''in crisis'', had faltered because they could not agree on the commercial terms for a new premium airline.
Qantas will not revisit earlier plans to set up an ultra-premium airline in Singapore because that would require a significantly larger investment of up to $500 million.
Aviation insiders have been sceptical of Qantas's plans since they were first revealed because the regulatory, political and economic hurdles to launching an airline in Asia were seen as extremely high.
The plans for a new airline - which was to be based in Kuala Lumpur - targeting Asia's fast-growing corporate market, were part of Qantas management's aim of turning around its international operations, which suffered more than $200 million in losses last financial year.
''It is a significant blow to their international strategy,'' said CBA Equities' transport analyst Matt Crowe. ''It sets back the timing of turning around their international business.''
The collapse of talks leaves Qantas desperate to find another partner in Asia to help it meet the ambitious target of turning a profit on its international operations within three years and making them meet their cost of capital within five.
Malaysia Airlines was one of the few available bedfellows in Asia for Qantas, after Virgin Australia snared Singapore Airlines as an alliance partner last year. Cathay Pacific is seen as an ideal alliance partner but the chances of securing it are seen as slim.
''This deal with an Asian carrier has already taken longer than we thought it would, and now it's almost back to square one,'' Mr Crowe said.
But Qantas insists that it can still meet its targets because a new airline would have required it to inject tens of millions of dollars, even under its so-called ''capital light'' option.
Despite the setback, Mr Joyce said Asia remained a priority for the airline and it ''continued to explore opportunities in the region, including joint ventures and alliances''. But he again emphasised that any investment in Asia would be on the basis that Qantas will allocate ''minimal capital to such ventures''.
The failure of the talks was not a complete surprise because Mr Joyce emphasised as recently as last month that his plans for a premium airline were ''hugely complex'', and the hurdles high.
Shares in Qantas slumped as much as 4 per cent yesterday before closing down 4.5¢ at $1.68.
Read more: Qantas shelves Asia airline plan
The collapse of talks leaves Qantas desperate to find another partner in Asia to help it meet the ambitious target of turning a profit on its international operations within three years and making them meet their cost of capital within five.
.
Last edited by TIMA9X; 9th Mar 2012 at 16:41.
Unlike the employees of Qantas, this highly remunerated board and executive has little to lose should their plans for the future of the airline fail.
Until they do, incredibly risky or plain ludicrous decisions will continue to be made. It is simply "gambling with other people's money". Unfortunately there's a significant difference between gambling and investing.
How do you change this situation? I don't know.
Until they do, incredibly risky or plain ludicrous decisions will continue to be made. It is simply "gambling with other people's money". Unfortunately there's a significant difference between gambling and investing.
How do you change this situation? I don't know.
The Asian culture is very homophobic.
Unleashing AJ on them is certainly not going to win them any friends.
Whilst our society is very accepting of sexual preference and lifestyle choices, it's not a good look for a CEO of an international business trying to do business in highly traditional markets like Asia.
You need an alpha male like John Borghetti who is respected by his peers and doing business with would elevate ones prestige.
Sad but true.
Unleashing AJ on them is certainly not going to win them any friends.
Whilst our society is very accepting of sexual preference and lifestyle choices, it's not a good look for a CEO of an international business trying to do business in highly traditional markets like Asia.
You need an alpha male like John Borghetti who is respected by his peers and doing business with would elevate ones prestige.
Sad but true.
Join Date: Aug 2007
Location: Atlantis
Posts: 100
Likes: 0
Received 0 Likes
on
0 Posts
Quite a few years ago (when Tubby Ward was around ?) QF was considering some type of tie in with Malaysian it was decided that "cultural" differences meant it was not going to work and a 19.9% share of QF went to TE.Well nothing has changed culturally since that idea was floated . Yet Al persists in this dream and has obviously learnt nothing from history.
Join Date: May 2007
Location: Singapore
Posts: 270
Likes: 0
Received 0 Likes
on
0 Posts
AJ's sexuality had nothing to do with this. If an alpha male like JB went to MAS and said:
1. We want to set up an ultra premium carrier, and you have to share your allocated international rights to us
2. We will not inject most of the capital. You will do it (never mind you don't have any money) and we will hold an "in principle" 49% stake, but actually control the entire venture and you'll share half the profits with us
Would he get anywhere?
As a Singaporean working for a European company trying to get business all over Asia, I find it very difficult navigating this continent, and it's frustrating trying to figure out who's behind who in Malaysia, who actually makes the decisions, and who needs what favours and when. (Usually after favours are given, the venture is no longer profitable!)
This is a very vile continent. The sane, straightforward markets are practically just SIN and HKG with English common law, English as a working language of business and generally very straightforward ways of doing things. For my industry, as it would be for the airline industry, the problem with SIN and HKG is because they are relatively easy cities to navigate, all our competitors pile into the market and drive the cost of doing business there too high. Plus, both have a small domestic population.
In the rest of the markets in China and South East Asia, they're very complex, with different power bases, cultures, religions, languages and ways of doing things. The sphere of influence in Vietnam doesn't get you to Cambodia. That in Thailand doesn't get you anywhere in Malaysia.
I'm a born and bred Singaporean and find it so difficult to understand my South East Asian neighbours. Even Malaysia, where I have many close relatives and friends, has a very foreign way of doing business compared to Singapore - and we were once upon a time one country. If the Irish Alan Joyce could have navigated them successfully, it would have been truly amazing. Indonesia's just impossible, and China is another story altogether.
So many Singaporean companies have gone into South East Asia and China and gotten screwed big time. As a result, many Singaporean companies have diversified into the easiest nearby country to put money into, which is Australia - sometimes overpaying heavily for the privilege too!
Qantas already has a well established airline in Asia called Jetstar Asia. They've invested heavily into this airline, and it carries more passengers to and through Singapore than Tiger Airways. Jetstar Asia is profitable, Tiger isn't. Qantas in effect controls 100% of Jetstar Asia, with the local silent partner just their proxy. The Singapore government supports this structure, and has facilitated their growth through Singapore and will not be screwing them over anytime soon. SIA's marketshare through SIN is declining gradually, but the govt doesn't care so long as overall traffic grows. They should focus on growing their SIN hub than trying to establish more hubs all over the place in risky countries.
1. We want to set up an ultra premium carrier, and you have to share your allocated international rights to us
2. We will not inject most of the capital. You will do it (never mind you don't have any money) and we will hold an "in principle" 49% stake, but actually control the entire venture and you'll share half the profits with us
Would he get anywhere?
As a Singaporean working for a European company trying to get business all over Asia, I find it very difficult navigating this continent, and it's frustrating trying to figure out who's behind who in Malaysia, who actually makes the decisions, and who needs what favours and when. (Usually after favours are given, the venture is no longer profitable!)
This is a very vile continent. The sane, straightforward markets are practically just SIN and HKG with English common law, English as a working language of business and generally very straightforward ways of doing things. For my industry, as it would be for the airline industry, the problem with SIN and HKG is because they are relatively easy cities to navigate, all our competitors pile into the market and drive the cost of doing business there too high. Plus, both have a small domestic population.
In the rest of the markets in China and South East Asia, they're very complex, with different power bases, cultures, religions, languages and ways of doing things. The sphere of influence in Vietnam doesn't get you to Cambodia. That in Thailand doesn't get you anywhere in Malaysia.
I'm a born and bred Singaporean and find it so difficult to understand my South East Asian neighbours. Even Malaysia, where I have many close relatives and friends, has a very foreign way of doing business compared to Singapore - and we were once upon a time one country. If the Irish Alan Joyce could have navigated them successfully, it would have been truly amazing. Indonesia's just impossible, and China is another story altogether.
So many Singaporean companies have gone into South East Asia and China and gotten screwed big time. As a result, many Singaporean companies have diversified into the easiest nearby country to put money into, which is Australia - sometimes overpaying heavily for the privilege too!
Qantas already has a well established airline in Asia called Jetstar Asia. They've invested heavily into this airline, and it carries more passengers to and through Singapore than Tiger Airways. Jetstar Asia is profitable, Tiger isn't. Qantas in effect controls 100% of Jetstar Asia, with the local silent partner just their proxy. The Singapore government supports this structure, and has facilitated their growth through Singapore and will not be screwing them over anytime soon. SIA's marketshare through SIN is declining gradually, but the govt doesn't care so long as overall traffic grows. They should focus on growing their SIN hub than trying to establish more hubs all over the place in risky countries.
Join Date: Jun 2007
Location: deepest darkest recess of your mind
Posts: 1,017
Likes: 0
Received 0 Likes
on
0 Posts
Dr's right. It wouldn't matter who came to the party and outlined a plan like that, (in someone else's backyard no less), the answer would have been the same! Fortunately for VA, Borghetti's been around the block a few times and is a lot smarter than that other ****. Not that I just blame AJ. The board let him do this ****. They are equally culpable. 
Join Date: May 2007
Location: Singapore
Posts: 270
Likes: 0
Received 0 Likes
on
0 Posts
And remember - when SQ in the early 2000s went screaming to the Australian media like a spoilt child on why they were being unfairly denied the SYD-LAX rights, it got them no where. QF lobbied its support in Canberra and blocked SQ's wishes year after year. At least SQ has stopped doing that.
QF though, seems to conduct its business and strategic development brain storming sessions through the media.
QF though, seems to conduct its business and strategic development brain storming sessions through the media.
Join Date: Oct 2006
Location: Perth
Posts: 503
Likes: 0
Received 0 Likes
on
0 Posts
PACK OF IDIOT'S
This latest announcement -hardly comes as a surprise.
As soon as it was announced -what 18 months ago-everyone, I mean everyone in this industry ( except AJ and the buffoons-masquerading as a Board) knew it was a total STUPID IDEA.
BUT NO..... persist, roll on with the game of lies, deceit, justification for bullying, threats and intimidation.
This gem posted early this month on this thread says it all really:
How long can this go on for -without someone ???? doing something about this mess.
The Board is clueless, Joyce has no FCKUIN idea .....about anything other than the size of his payout when he gets punted
Get out the lot of you and don't come back.
For Christ sake -please.......Get some people in who value the airline's proud history, who care about their hard working, proud staff and who will look after their once loyal , now long suffering customers.
As the old Whitlam slogan went:
IT'S TIME !
surprise.As soon as it was announced -what 18 months ago-everyone, I mean everyone in this industry ( except AJ and the buffoons-masquerading as a Board) knew it was a total STUPID
IDEA.BUT NO..... persist, roll on with the game of lies, deceit, justification for bullying, threats and intimidation.
This gem posted early this month on this thread says it all really:
MAS just posted a full year LOSS of $835,000,000 USD. Yes, you read that correct. Eight hundred and thirty five million dollars US. What an absolute joke. I can not believe anyone in their right mind would partner them when their own Chairman says "the airline is in crisis".
The Board is clueless, Joyce has no FCKUIN idea .....about anything other than the size of his payout when he gets punted
Get out the lot of you and don't come back.
For Christ sake -please.......Get some people in who value the airline's proud history, who care about their hard working, proud staff and who will look after their once loyal , now long suffering customers.
As the old Whitlam slogan went:
IT'S TIME !
Join Date: Apr 1999
Location: Brisbane
Posts: 451
Likes: 0
Received 0 Likes
on
0 Posts
DrPepz nails it...
They should focus on growing their SIN hub than trying to establish more hubs all over the place in risky countries.
A very astute analysis...and a simple path forward.
I'm not usually one for conspiracy theories...but this continued bizarre behaviour by QF senior management and the Board just beggars belief!
Join Date: Oct 2009
Location: Alabama, then Wyoming, then Idaho and now staying with Kharon on Styx houseboat
Age: 61
Posts: 1,437
Likes: 0
Received 0 Likes
on
0 Posts
Parasites
Stubby Jumbo 
. Worded perfectly. The 'wee man' is a poor excuse for a businessman. He, his executive posse and the board filled with his mates, lawyers and fat bloated Generals are not fit to be used as toilet paper.
They are the weakest link, time to go goodby.
These parasites have fed off the host to the point that the host is now dead and the parasites need to go find a new host.
I would dearly love to attend the next shareholder meeting in the distant future (if the little fool is still around) and see how he justifies the next outrageous payrise! I suggest the Ma and Pa investors out there note some of this foolish executive and board behavior and take it to them.
Unfortunately I wont be attending as I have my precious money invested in tangible assetts, something QF once was.
AJ, Leigh, Jimmy Bowtie and friends - you are an embarrassment to the words 'business', 'capable', 'intellectual', and 'worthy'. Qantas is a rotting carcas of a company, it is rotting from all of you clowns down.
. Worded perfectly. The 'wee man' is a poor excuse for a businessman. He, his executive posse and the board filled with his mates, lawyers and fat bloated Generals are not fit to be used as toilet paper.They are the weakest link, time to go goodby.
These parasites have fed off the host to the point that the host is now dead and the parasites need to go find a new host.
I would dearly love to attend the next shareholder meeting in the distant future (if the little fool is still around) and see how he justifies the next outrageous payrise! I suggest the Ma and Pa investors out there note some of this foolish executive and board behavior and take it to them.
Unfortunately I wont be attending as I have my precious money invested in tangible assetts, something QF once was.
AJ, Leigh, Jimmy Bowtie and friends - you are an embarrassment to the words 'business', 'capable', 'intellectual', and 'worthy'. Qantas is a rotting carcas of a company, it is rotting from all of you clowns down.
Join Date: Apr 2008
Location: Sydney
Posts: 265
Likes: 0
Received 0 Likes
on
0 Posts
They should focus on growing their SIN hub than trying to establish more hubs all over the place in risky countries.
Plan A was SIN base, but SQ lobbied against it, and unlike 3K where they were creating a new market, QF would just be taking share from SQ.
Plan B was KUL, also failed.
So Dr Pepz, you would have no problem with a 100% owned SIN pilot and cabin crew base, paid local salaries and flying to Europe, Asia (and of course to Oz as well)
I suggest the Ma and Pa investors out there note some of this foolish executive and board behavior and take it to them.
Join Date: May 2007
Location: Singapore
Posts: 270
Likes: 0
Received 0 Likes
on
0 Posts
moa999: First I'd like to make a disclaimer that I am not Australian, I only had the privilege of pursuing my higher education there, and in the process made many Australian friends and take a keen interest in what goes on there.
The existing QF SIN hub where they dump everyone from the major cities into Australia then send them to LHR and FRA with BA/QF, CDG with AF and Helsinki with AY also takes existing share from SQ.
In the days I used to work in CAAS/Changi Airport Group we actually prepared very comprehensive proposals for QF to base in SIN, and also responded very aggressively to an RFP from Qantas in 2007 for a proposed Jetstar International hub in Asia. In fact one of the proposals was for QF to consolidate its entire Asian hub in SIN - none of us ever thought it would fly, but they actually did it.
Singapore is clever not to have put all its eggs in the SQ basket. If we did, our pax growth would have been stagnant for 10 years. This year, Changi will handle 50 million pax. And this is DESPITE SIA, not BECAUSE of SIA.
Why a QF premium airline wouldn't work in SIN primarily is:
1. QF already has Jetstar Asia and Valuair - 2 AOCs. They would need to demonstrate the need for a 3rd. The Singapore government treats Jetstar Asia as a Singaporean carrier, and represents Jetstar Asia in air talks with foreign governments. With Singapore's very liberal Air Services Agreements with other countries, it means that QF can decide which AOC to use when sending aircraft to/through SIN.
SIN-Australia: It doesn't matter because there is unlimited 3rd and 4th freedoms between two countries, so QF uses 3K to Perth and JQ to MEL. Both are done with the SIN crew base
SIN-Beijing: For some reason JQ is used and not 3K. However it is the SIN crew base
SIN-AKL: Australian carriers do not have the right to fly between SIN and NZ. So they use 3K instead, with a "wet-leased" aircraft from JQ.
SIN-Europe: 3K could fly as many times as it wished to most countries in Europe, except Germany, France and Italy.
2. There are no more prime time slots at peak morning and evening periods. The new premium airline would have to fly at off peak periods
3. Can Singapore realistically support that many home base airlines?
4. Would a low density A320 flying at off peak hours actually work and grow traffic through Singapore? Is there a better use of landing slots?
Does ANYONE besides AJ and his friends think that a low density premium A320 would work in SIN, KUL, BKK, HKG, CGK or anywhere in Asia? How would it compete against SIA's daily A380 to HKG, 5 daily 777s to BKK, 8 daily 777s to Jakarta?
I do not have the scoop on the latest developments of QF in SIN, but can a population of 5 million people actually support 3K, VF, TR, SQ, MI and Scoot, PLUS another carrier?
QF already has 3K and VF. They should make that work.
Singapore is not exactly a cheap place with slave labour wages (unless you're a domestic maid or a construction worker from the subcontinent) and the vast majority of 3K's staff are Singaporeans, while most of the pilots are expats. SQ cabin crew are paid very well - SGD 4to $7k per month for the junior crew. So the other airlines would have to match that, or well, what kind of quality of staff would they get?
Singapore is not a cheap place for expats to live in as they are denied access to much of the local housing market, the local school system and the local health system at subsidised rates. The cost of employing an expat pilot must be astronomical.
Nearly all the Singaporean pilots would inevitably be with SQ, since only SQ offers a proper cadet scheme, and after which they are bonded for 7-10 years, by which time they reach a comfortable salary level and do not tend to leave. As such, there is no ready local pool of pilots for other SIN-based airlines to tap on.
If QF thinks it is still cheaper to employ an expat pilot in SIN than pay an equivalent salary in Australia, then good for them.
Of course, I would personally have no problem with QF setting up a 100% owned SIN pilot and cabin crew base, since any foreign investment in my country is to our benefit, much like Tiger's investment ( or Rex, or Singtel or any other Singaporean companies) in Australia is to your benefit. Though - Tiger Australia is not used as a vehicle to evade Singaporean taxes and Tiger Australia is run completely separately from Tiger SIN, without a swap of TR and TT aircraft, TR and TT cabin crew etc.
The existing QF SIN hub where they dump everyone from the major cities into Australia then send them to LHR and FRA with BA/QF, CDG with AF and Helsinki with AY also takes existing share from SQ.
In the days I used to work in CAAS/Changi Airport Group we actually prepared very comprehensive proposals for QF to base in SIN, and also responded very aggressively to an RFP from Qantas in 2007 for a proposed Jetstar International hub in Asia. In fact one of the proposals was for QF to consolidate its entire Asian hub in SIN - none of us ever thought it would fly, but they actually did it.
Singapore is clever not to have put all its eggs in the SQ basket. If we did, our pax growth would have been stagnant for 10 years. This year, Changi will handle 50 million pax. And this is DESPITE SIA, not BECAUSE of SIA.
Why a QF premium airline wouldn't work in SIN primarily is:
1. QF already has Jetstar Asia and Valuair - 2 AOCs. They would need to demonstrate the need for a 3rd. The Singapore government treats Jetstar Asia as a Singaporean carrier, and represents Jetstar Asia in air talks with foreign governments. With Singapore's very liberal Air Services Agreements with other countries, it means that QF can decide which AOC to use when sending aircraft to/through SIN.
SIN-Australia: It doesn't matter because there is unlimited 3rd and 4th freedoms between two countries, so QF uses 3K to Perth and JQ to MEL. Both are done with the SIN crew base
SIN-Beijing: For some reason JQ is used and not 3K. However it is the SIN crew base
SIN-AKL: Australian carriers do not have the right to fly between SIN and NZ. So they use 3K instead, with a "wet-leased" aircraft from JQ.
SIN-Europe: 3K could fly as many times as it wished to most countries in Europe, except Germany, France and Italy.
2. There are no more prime time slots at peak morning and evening periods. The new premium airline would have to fly at off peak periods
3. Can Singapore realistically support that many home base airlines?
4. Would a low density A320 flying at off peak hours actually work and grow traffic through Singapore? Is there a better use of landing slots?
Does ANYONE besides AJ and his friends think that a low density premium A320 would work in SIN, KUL, BKK, HKG, CGK or anywhere in Asia? How would it compete against SIA's daily A380 to HKG, 5 daily 777s to BKK, 8 daily 777s to Jakarta?
I do not have the scoop on the latest developments of QF in SIN, but can a population of 5 million people actually support 3K, VF, TR, SQ, MI and Scoot, PLUS another carrier?
QF already has 3K and VF. They should make that work.
So Dr Pepz, you would have no problem with a 100% owned SIN pilot and cabin crew base, paid local salaries and flying to Europe, Asia (and of course to Oz as well)
Singapore is not a cheap place for expats to live in as they are denied access to much of the local housing market, the local school system and the local health system at subsidised rates. The cost of employing an expat pilot must be astronomical.
Nearly all the Singaporean pilots would inevitably be with SQ, since only SQ offers a proper cadet scheme, and after which they are bonded for 7-10 years, by which time they reach a comfortable salary level and do not tend to leave. As such, there is no ready local pool of pilots for other SIN-based airlines to tap on.
If QF thinks it is still cheaper to employ an expat pilot in SIN than pay an equivalent salary in Australia, then good for them.
Of course, I would personally have no problem with QF setting up a 100% owned SIN pilot and cabin crew base, since any foreign investment in my country is to our benefit, much like Tiger's investment ( or Rex, or Singtel or any other Singaporean companies) in Australia is to your benefit. Though - Tiger Australia is not used as a vehicle to evade Singaporean taxes and Tiger Australia is run completely separately from Tiger SIN, without a swap of TR and TT aircraft, TR and TT cabin crew etc.
Join Date: Apr 2008
Location: Sydney
Posts: 265
Likes: 0
Received 0 Likes
on
0 Posts
and to prove a point, MH takes red off the tail of its new A380
Malaysia Airlines unveils new A380 livery | ATWOnline
New Livery – Malaysia Airlines A380 (Video) at Flightstory.net - Aviation Blog, News & Stories
Looks good
Malaysia Airlines unveils new A380 livery | ATWOnline
New Livery – Malaysia Airlines A380 (Video) at Flightstory.net - Aviation Blog, News & Stories
Looks good
Join Date: Sep 2002
Location: In someone pocket
Posts: 1,212
Likes: 0
Received 0 Likes
on
0 Posts
MAS, Qantas Fail To Strike New Airline Deal
Qantas has failed to strike a deal with Malaysia Airlines (MAS) in its bid to set up a new premium airline Friday.
Qantas is now expected to look to other Asian hubs after saying it was unable to reach mutually agreeable commercial terms on a partnership with MAS.
Qantas Chief Executive Alan Joyce however said Asia remained a priority for the airline and would continue to explore opportunities in the region.
"The transformation of Qantas' international business remains vital, with plans to return the international business to profitability in the short-term on track," he said in a statement.
"In the medium-term, Qantas' flying businesses, both domestic and international combined, will exceed the capital cost on a sustainable basis.
Bersama 9th March 2012
Qantas is now expected to look to other Asian hubs after saying it was unable to reach mutually agreeable commercial terms on a partnership with MAS.
Qantas Chief Executive Alan Joyce however said Asia remained a priority for the airline and would continue to explore opportunities in the region.
"The transformation of Qantas' international business remains vital, with plans to return the international business to profitability in the short-term on track," he said in a statement.
"In the medium-term, Qantas' flying businesses, both domestic and international combined, will exceed the capital cost on a sustainable basis.
Bersama 9th March 2012