Qantas Group - New Airline Structure
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Lol Fed Sec
Unfortunately, this country is fed a steady diet of Murdoch press (if u can call it that)
It's a shame there are so many people convinced we are up s&@t creek when in actual fact, we are living in paradise compared to what's going on overseas.
I'm gong to enjoy (in a perverse way I suppose) seeing the reactions from some people here when the mob that Abbott leads has their way.
You reckon things are tough now...
The complaints you have now are going to seem like chicken feed
It'll be every man for himself!
Unfortunately, this country is fed a steady diet of Murdoch press (if u can call it that)
It's a shame there are so many people convinced we are up s&@t creek when in actual fact, we are living in paradise compared to what's going on overseas.
I'm gong to enjoy (in a perverse way I suppose) seeing the reactions from some people here when the mob that Abbott leads has their way.
You reckon things are tough now...
The complaints you have now are going to seem like chicken feed
It'll be every man for himself!
Inflation below 5%. Unemployment below 5%. Interest rates below 5%.
Morgan Survey has unemployment at 8.6%. Add underemployment (part-time looking for more) and the figure is 16.8%
Originally Posted by The The
Morgan Survey has unemployment at 8.6%. Add underemployment (part-time looking for more) and the figure is 16.8%
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...also, the ABS has collated figures on unemployment the same way for years, no matter who was in power.
Whether or not people are working an hour a week or not, the figures speak for themselves. Unemployment has practically never been lower.
I know this is off topic but I really wish the general public would wake up and refuse to accept the rubbish we call the media in this country.
Anyway, back on topic re Qf, for those who are interested, there will be an announcement tomorrow regarding new uniform for all frontline staff tomorrow (Thursday)
Whether or not people are working an hour a week or not, the figures speak for themselves. Unemployment has practically never been lower.
I know this is off topic but I really wish the general public would wake up and refuse to accept the rubbish we call the media in this country.
Anyway, back on topic re Qf, for those who are interested, there will be an announcement tomorrow regarding new uniform for all frontline staff tomorrow (Thursday)
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Anyone else see the following in Letters to the Editor of the Australian Finacial Review, yesterday, tues 29 May 2012, by none other than Qantas' bad hair ambassador herself ,little Livvy
Quote:
"The senario described in yesterday's Street Talk column ("Qantas Domestic stake would suit Emirates down to a tee", AFR May 28) is nothing but pure gossip.
It is not possible for Emirates, or any investor for that matter, to "take a stake in Qantas Domestic".
Under the restructure announced last week, Qantas Domestic will become a distinct business segment within the Qantas Group, like the Qantas Frequent Flyer and Jetstar segments.
It will not become a separate entity open to investment. The group as a whole remains listed on the Australian Securities Exchange as a single company, Qantas Airways Ltd.
The purpose of the restructure is to provide greater transparency and focus to the management of Qantas Domestic and Qantas International,recognising that each airline faces very different market conditions.
It is about managing the group as a true portfolio business, consistent with the strategy that we announced in August 2011.
There is no hidden agenda."( my bolding)
So there, we've been told that there is "no hidden agenda" behind the segmentisation ,by no other than the Group Executive, Government and Corporate Affairs", Qantas airways,
Olivia Worth.
All Qantas staff can now rest easy, move along, there is nothing to see here.
Quote:
"The senario described in yesterday's Street Talk column ("Qantas Domestic stake would suit Emirates down to a tee", AFR May 28) is nothing but pure gossip.
It is not possible for Emirates, or any investor for that matter, to "take a stake in Qantas Domestic".
Under the restructure announced last week, Qantas Domestic will become a distinct business segment within the Qantas Group, like the Qantas Frequent Flyer and Jetstar segments.
It will not become a separate entity open to investment. The group as a whole remains listed on the Australian Securities Exchange as a single company, Qantas Airways Ltd.
The purpose of the restructure is to provide greater transparency and focus to the management of Qantas Domestic and Qantas International,recognising that each airline faces very different market conditions.
It is about managing the group as a true portfolio business, consistent with the strategy that we announced in August 2011.
There is no hidden agenda."( my bolding)
So there, we've been told that there is "no hidden agenda" behind the segmentisation ,by no other than the Group Executive, Government and Corporate Affairs", Qantas airways,
Olivia Worth.
All Qantas staff can now rest easy, move along, there is nothing to see here.
Last edited by blow.n.gasket; 30th May 2012 at 01:33.
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Just heard on 2GB that Qantas is to announce tomorrow, Emirates is to buy 25% of Qantas Domestic... now how is that possible with the foreign ownership rule.?
You speak with forked tongue ---<
There is no hidden agenda (O.W.)
Last edited by Short_Circuit; 30th May 2012 at 05:01.
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@Short Circuit
It is possible, because in the QANTAS Sale Act, a maximum of 49% foreign ownership is permissable, but with a maximum of 25% owned by one company. BA owned 25% of QANTAS when QANTAS was floated way back in '95.
Unless QANTAS Domestic is going to be listed seperately on the stock exchange, without breaching any ASX rules, I can't see how anyone can own 25% of QANTAS Domestic. Maybe 25% of QANTAS Group as a whole. Watch this space.
Just heard on 2GB that Qantas is to announce tomorrow, Emirates is to buy 25% of Qantas Domestic... now how is that possible with the foreign ownership rule.?
Unless QANTAS Domestic is going to be listed seperately on the stock exchange, without breaching any ASX rules, I can't see how anyone can own 25% of QANTAS Domestic. Maybe 25% of QANTAS Group as a whole. Watch this space.
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There is no hidden agenda."( my bolding)
I hope they don't think they really have been successfully hiding anything.
Serious question...would a minority Emirates buy in be such a bad thing? At least they seem to know a bit about running an airline. Do they have a stake in any other carriers?
What are these tough times? Or have we all been reading too many Murdoch papers?
) and secondly I think a lot of people are worried about what's coming, particularly the people at the bottom of the construction and manufacturing workplace food chains.
Last edited by Worrals in the wilds; 30th May 2012 at 06:01.
Am I missing something? If EK or anyone else wants to buy 25% of QF, doesnt the money go to who ever they buy the shares off, it doesnt go into the QF bank account. It is a public company.
You guys are completely off track. Qantas are focusing on the big big issues.
This is the big announcement for this week:
Big important announcement
This is the big announcement for this week:
Big important announcement
Last edited by The The; 30th May 2012 at 06:44.
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The The,
You're absolutely right! What could be more important than a NEW LOOK QANTAS uniform. I'm quite partial to the Groovy Orange look.
You're absolutely right! What could be more important than a NEW LOOK QANTAS uniform. I'm quite partial to the Groovy Orange look.
Last edited by QF94; 30th May 2012 at 08:13.
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This is the big announcement for this week:
Meanwhile in another part of the airline this (lowkey) media release,
"we've just sold 25% of the business to a middle eastern airline"
"Now, back to these great new uniforms............"
Last edited by caneworm; 30th May 2012 at 07:49.
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What, more new uniforms to wear to that "come in bad taste" party. I have a wardrobe full of them. They will outlast me and the parties. Why only 25% sell off, are they not allowed 49% or does nobody want 49%? Not even with steak knives? A free live Roo? (no joeys available at the present time) A Island off QLD? Ok, its been buggered by the cyclone, but its still a island. Ok a harbour bridge. somebody make a offer.
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Lets just hope that Kim Jong-Taranto and her Military Junta get the boot and they shake the place up a bit.
If we're going to have doom and gloom I'd prefer to have Gold encrusted Arabs paying my wages than Jolly little leprechaun's
Miao
If we're going to have doom and gloom I'd prefer to have Gold encrusted Arabs paying my wages than Jolly little leprechaun's
Miao
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It is possible, because in the QANTAS Sale Act, a maximum of 49% foreign ownership is permissable, but with a maximum of 25% owned by one company. BA owned 25% of QANTAS when QANTAS was floated way back in '95.
Unless QANTAS Domestic is going to be listed seperately on the stock exchange, without breaching any ASX rules, I can't see how anyone can own 25% of QANTAS Domestic. Maybe 25% of QANTAS Group as a whole. Watch this space.
Unless QANTAS Domestic is going to be listed seperately on the stock exchange, without breaching any ASX rules, I can't see how anyone can own 25% of QANTAS Domestic. Maybe 25% of QANTAS Group as a whole. Watch this space.
This is what I had posted earlier. No one foreign entity can own more than 25%, but a maximum of 49% can be foreign owned.