MERGED: Alan's still not happy......
+1 pba. Fascinating viewing. And will clearly not be lost on the current govt.
The circles BGA is running in are surely getting smaller and smaller...
The circles BGA is running in are surely getting smaller and smaller...
And if Joyce shores up some financial assistance via his media and political campaign tearing at the heart strings of the patriotic Aussie, where will he use the money? My bet is not on Qantas Redtail side of the business...
And if Joyce shores up some financial assistance via his media and political campaign tearing at the heart strings of the patriotic Aussie, where will he use the money? My bet is not on Qantas Redtail side of the business...
Something does tell me, the Joyce/Clifford experiment is over, regardless of what happens with the Gov't
short flights long nights
Funny Jim, I was just thinking the same thing. I was thinking the money would go straight to Jetstar Botswana or similar.
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On the subject of J*, that cool 60 mill that was heading to the Japan venture, has there been any word on if that transaction has happened or will happen? Things have gone very quiet on that front since the latest Al freak show rolled into town. How can you cry the poor victim at home when you can pump that sort of money into overseas ventures?
Has the boy called wolf to many times?
Hope the government are asking the same questions!
Has the boy called wolf to many times?
Hope the government are asking the same questions!
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Sorry SUB, that's another $60,000,000. Not only that, their voting rights remain unchanged for the privilege.
Any Australian taxpayer $$ will be making their way to the pokets of the crony capitalists of Asia, and not be reinvested in the Australian based businesses.
Any Australian taxpayer $$ will be making their way to the pokets of the crony capitalists of Asia, and not be reinvested in the Australian based businesses.
Qantas stumps up $60m to help Jetstar Japan fly higher
Matt O'Sullivan
November 1, 2013
Qantas has confirmed that it will inject another $60 million into Jetstar Japan as a weaker yen pushes up the budget airline's fuel bill and its plans to establish a second base are delayed.
Following speculation this week about the need for further funding, Qantas said it and Japan Airlines would inject ¥11 billion ($120 million) between them into Jetstar Japan. It will result in both airlines increasing their stakes from 41.7 to 45.7 per cent. Their voting rights remain unchanged.
The two smaller shareholders - Mitsubishi and Century Tokyo Leasing - will have their stakes in the budget airline drop from 8.3 to 4.3 per cent as they are not participating in the placement.
Matt O'Sullivan
November 1, 2013
Qantas has confirmed that it will inject another $60 million into Jetstar Japan as a weaker yen pushes up the budget airline's fuel bill and its plans to establish a second base are delayed.
Following speculation this week about the need for further funding, Qantas said it and Japan Airlines would inject ¥11 billion ($120 million) between them into Jetstar Japan. It will result in both airlines increasing their stakes from 41.7 to 45.7 per cent. Their voting rights remain unchanged.
The two smaller shareholders - Mitsubishi and Century Tokyo Leasing - will have their stakes in the budget airline drop from 8.3 to 4.3 per cent as they are not participating in the placement.
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How much money has invested in J*?
How much have they invested in international ops/bases for J*?
They have introduced a business class for J*, what innovations have come to QF mainline?
How much has the bleeding heart of AJ invested in mainline ops?
The truth is out there, if you search in the right places.....
How much have they invested in international ops/bases for J*?
They have introduced a business class for J*, what innovations have come to QF mainline?
How much has the bleeding heart of AJ invested in mainline ops?
The truth is out there, if you search in the right places.....
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How much has the bleeding heart of AJ invested in mainline ops?
The truth is out there, if you search in the right places.....
The truth is out there, if you search in the right places.....
I guess it's on with the show
short flights long nights
Well, regarding that song, what has been seen, can never be unseen.
Now, regarding AJs search for money. If the government gives him some, I really hope they demand it stays with mainline, and can't go to the ammmaaazzzzzing business. I really hope someone does their home work.
Now, regarding AJs search for money. If the government gives him some, I really hope they demand it stays with mainline, and can't go to the ammmaaazzzzzing business. I really hope someone does their home work.
Moody's said the surplus was a result of the flying kangaroo's defence of its 65 per cent market share because of its aggressive competition from Virgin.
First Virgin wasn't even a competitor, then it was "2 aircraft in for every one of theirs" (We've got more money and size, they should back down or go under).
Now its: "....excuse me Australian taxpayer....errrhhmm ....could you cough up some cash we've stuffed this up..WE NEED THE BLOODY CASH NOOOWW!!! arrrghhh...".
1. No one held a gun to anyone's head to hold the 65% position to the detriment of yields.
2. The ownership and structural changes at VA didn't exactly happen yesterday. It's been going for a while you know.
3. If other companies stuff up do they call the Prime Minister asking for cash?
4. If you're going to play poker start out with something smaller. 2 for 1 was gambling. It didn't work, enough.
Enough.
Last edited by Berealgetreal; 1st Dec 2013 at 18:53.
short flights long nights
And I'm just waiting for the ASX, or some one similar to ask the same questions, but AJ seems to be able to create crisis after crisis, send millions off shore to insane ventures,and no one asks any questions.
I can't believe he has paid off everybody, so I just assume he has a brilliant PR machine....that in my opinion, just might be about to collapse around his ears.
I can't believe he has paid off everybody, so I just assume he has a brilliant PR machine....that in my opinion, just might be about to collapse around his ears.
Is it Karma? Running to Costello's office to stop the government helping Ansett and 14,000 employees? Probably a tad over the top wasn't it?
One might speculate that Virgin then thrived and once JB got the shaft for the 30 years service the sliding doors lined up perfectly.
Must say reading the bit about Costello's office and the Ansett collapse stunned me a little.
One might speculate that Virgin then thrived and once JB got the shaft for the 30 years service the sliding doors lined up perfectly.
Must say reading the bit about Costello's office and the Ansett collapse stunned me a little.
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Originally Posted by Berealgetreal
I really hope someone does their home work.
Originally Posted by tech-line
The truth is out there, if you search in the right places.....
Transcript of Senate Inquiry hearing 6th Feb 2012 - Senator Xenophon quizzes Alan Joyce on Jetconnect and who pays their fuel bills.
Bonus credit: Senator Xenophon's submissions to ACCC for the Emirates Authorisation: HERE and HERE.
Last edited by FYSTI; 1st Dec 2013 at 19:36. Reason: added Senate inquiry transcript link
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No one held a gun to anyone's head to hold the 65% position to the detriment of yields
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Type of government support for Qantas is important
Comments by Moody's underscore how the Abbott government's response to Qantas' pleas for financial assistance will be crucial to whether the airline maintains its prized investment-grade credit rating.........
Unless Qantas management adopted measures to counteract the fall in yields, Moody's said, the deteriorating conditions would ''continue to exert downward pressure on the airline's credit metrics''......
Read more: Type of government support for Qantas is important, Moody's says
Unless Qantas management adopted measures to counteract the fall in yields, Moody's said, the deteriorating conditions would ''continue to exert downward pressure on the airline's credit metrics''......
Read more: Type of government support for Qantas is important, Moody's says