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MERGED: Alan's still not happy......

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MERGED: Alan's still not happy......

Old 23rd May 2014, 10:05
  #4261 (permalink)  
 
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Moa and the Jetstar/QF media arm:

Vietnam Airlines has announced its intention to take over low cost carrier, Jetstar Pacifiic. The National Carrier, Vietnam Airlines is expanding internationally and the take over of Jetstar will increase its share of the Vietnamese domestic market to over 90%. Jetstar has been operating domestic scheduled services for 7 years and the competition with government owned Vietnam Airlines has forced changes in the way that domestic flights have been priced. The new company will see the exit of Australian carrier as a significant shareholder. Jetstar currently operates a mixed fleet of Airbus A320 and Boeing 737-400 aircraft, it is not yet clear what aircraft will be used post the tale-over.
Yep, sound investment BGA... Kudos and apologies for suggesting otherwise.

PS: Vietnam Airlines IS the Vietnam Govt. Just in case you didn't know....

And .....

TWO Qantas executives at the centre of an investigation into multimillion-dollar fuel-hedging losses in Vietnam have been allowed to return to Australia.
Jetstar Pacific's former chief operating officer, Daniela Marsilli, and its former chief financial officer, Tristan Freeman, flew back to Sydney yesterday, more than six months after Vietnamese authorities detained them shortly before they were to travel with their families to Australia for Christmas.
The pair were barred from leaving Vietnam while authorities investigated $US31 million ($36.5 million) in fuel-hedging losses in 2008 at the Vietnamese arm of Qantas's no-frills brand, Jetstar Pacific.
Qantas said yesterday that the executives were allowed to leave after the investigation was ''terminated''.
More great work in evidence with that...

'Have been allowed to leave' Love that bit!!!

How much did BGA pay to 'allow them to leave'???

Last edited by V-Jet; 23rd May 2014 at 10:50.
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Old 23rd May 2014, 10:49
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JETSTAR may have put a hold on expansion into new markets but chief executive Jayne Hrdlicka believes there are significant opportunities within its existing footprint as it enters its second decade.
I would have thought JQ have just completed its first decade of operations. The second decade of operations is still 10 years away.

“The next decade is really exciting for Jetstar because all of the things we’ve done to set ourselves up for success are going to start paying off dividends over the next 10 years as the foundations we set start to really come to life,’’ she said.
Yes, i'd have to agree with you Ms Hrdlicka, youve set the JQ operations "up for success" and you plan to start paying off. But to date your success and paying off the set up costs are a point of contention.

Qantas put the brakes on expansion into additional markets until conditions improved.
oh, I thought JQ and its operating markets are successful. Why the need to put the brakes on such a successful and amazing business.

Media reports over the weekend suggested its New Zealand unit was failing to gain traction with customers against Air New Zealand.
yet another division of the amazing JQ franchise.

We’ve got to earn the right to our customers’ loyalty every day we fly.’
Im afraid Md Hrdlicka is overestimating the loyalty of her customer base. If you have the cheapest fare on the day you'll sell the ticket. Thats hardly related to customer loyalty.

She agrees the Singapore market, where the group is a 49 per cent partner in locally based Jetstar Asia, is flooded with too much capacity that will take “a couple of years” to absorb even if the various players take a measured approach.
ok, so the Singapore business is stuffed for the next few years.

Jetstar HK, a joint venture with China Eastern and local conglomerate Shun Tak, had hoped to start flying last year and had approved the purchase of nine Airbus A320s. It recently sold three of the aircraft but still has six sitting on the ground. Hrdlicka says the aircraft sale is aimed to give the company “greater flexibility in navigating what could take quite a long time’’ as it seeks its air operator’s certificate.
wow, what a reversal. I thought the aircraft were declared operational spares. why the need to sell of required operational spares? Might i say this will probably be the first of many of the operational spares to be sold.

“I think it’s in a really good position for the future,’’ she says. “It’s growing and I think it will be a nice little business.’’
A typical response to the JQ franchises, they WILL be good businesses in the future. What about now?

“We’re delivering very respectable on-time performance — we’re top of the market from an on-time performance standpoint — our load factor is very high, our RASK (revenue per available seat kilometre) and the customer scores from an NPS (Net Promoter Score) standpoint are the highest in the Jetstar Group. They’re on the same level that Qantas would get domestically in Australia.’’
and the profit figures Ms Hrdlicka?

She says the airline has evolved in terms of customer experience, the way it uses its staff and what it sees as its horizons. This has included the use of new technology to improve service for passengers, introducing new planes, such as the fuel-efficient Boeing 787, and in ancillary offerings.
Sounds like the LCC model has failed, each of the above changes are a step closer to the offerings of established full service carriers.

MC
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Old 23rd May 2014, 19:47
  #4263 (permalink)  
 
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Qantas is "in play" in the share market. My own view is that the share price would double or triple if there was a change of strategic direction and the departure of Alan.

The competing view has to be that the Board is so enamoured of Asian markets that they believe it is worth almost any price to get a tiny chunk of it.

My view, which is based on history, suggests that only Asians are allowed to make money from other Asians and that Qantas will fail to make inroads.
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Old 23rd May 2014, 21:42
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Will fail?

Is there any measure by which the Asian billions have actually been in any way successful?

How long has it been now?

Alan is the zomie gambler who's been awake for 24 hours trying to win back his losses. It is scary.
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Old 23rd May 2014, 23:30
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Are we looking at the next CEO of Qf here?
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Old 24th May 2014, 01:20
  #4266 (permalink)  
 
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A typical weak as water " searching " interview from Steve Creedy. Do your job properly pal. Not holding my breath though
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Old 24th May 2014, 02:15
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Are we looking at the next CEO of Qf here?
The timing is highly suspicious.
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Old 24th May 2014, 03:05
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If the major shareholders and Board think they can take a child from the wayward family, and one who is knee deep in all things Asian, then they are even more stupid than has been contemplated here before.
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Old 24th May 2014, 03:12
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I heard recently in the corridors that JH was a front runner.

Unbelievable if true- just more of the same

Wouldn't surprise me though
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Old 24th May 2014, 03:45
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I heard recently in the corridors that JH was a front runner.
That might be the case under the current Board and pathetic Chairman but when this thing finally unravels, and I think it will soon, there will be bodies disappearing everywhere and people like JH will just be caught in the bristles of the big broom that will sweep through the leftovers when the new Chairman/Chairwomen takes control.

Hopefully it won't be to late and this whole thing is still salvageable.
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Old 24th May 2014, 05:01
  #4271 (permalink)  
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If there is going to be a new board and chairman, it had better happen real quick, or there will be nothing left to fix.
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Old 24th May 2014, 06:26
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Unhappy Jane is the next Elaine

The mantra has been established with the Board that the right experience for the CEO of Qantas Airways is LCC experience through Jetstar - that is why Jane is there doing nothing other than ticking the box, holding the fort and developing the public face that will make the progression seem uncontroversial.


Have a look at the role Jane played in the last visit of the Elaine and Jane show to the Senate - such frequent deferral was part of the plan.
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Old 24th May 2014, 06:47
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I was just reading the story of Channel Ten's woes in the SMH. It all sounds so familiar...the media version of Qantas.

I agree that we certainly need a new board prior to signing any golden handshake deals with JH as a new CEO. It just prolongs the failed theory that any MBa is good enough to run any business. Pesky details don't matter:ideology and spin are everything.

I am off to have a big meal...Having just heard from Jayne that it is possible to grow within my existing footprint without expansion! Its like magic!
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Old 24th May 2014, 06:50
  #4274 (permalink)  
 
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Have a look at the role Jane played in the last visit of the Elaine and Jane show to the Senate - such frequent deferral was part of the plan.
And have a look at the utter contempt she displayed when answering questions from the senators. I could not believe someone could display such rudeness and arrogance in such a setting, the chair should have thrown her out. She then began looking at her watch time and time again, obviously too important for a senate hearing.
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Old 24th May 2014, 07:02
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Is that a surname or a job description??
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Old 24th May 2014, 07:39
  #4276 (permalink)  
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Lightbulb

Seriously? Can we just discuss the issues without resorting to that sort of juvenile crap? My 11 year old knows that when you resort to that sort of stuff the argument is already lost. Perhaps some here should remember that.
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Old 24th May 2014, 08:55
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Well she keeps using her family as a reason she sends the other managers to do things. You never see her on a Jetstar flight to Japan, she has to get Qantas because of her 'family schedule'. She uses it when it is convenient - if her family is a major concern, she won't put her hand up.

But bigger question - what has she actually done since taking over from Bruce? QF gifted her a 787...........what else? No mention of the other Jetstar ventures failing badly.

At least Joyce achieved something as JQ CEO - JQ made a lost last half year and have been going backwards. If the board pick a CEO based on performance, that would be a worry

The next CEO should be external or else it will be more of the same
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Old 24th May 2014, 09:08
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Can't wait to read the book that's currently being written about the demise of Qantas. Raking through damning senate hearings, ASX statements and a myriad of media releases that show the management for what they really are. The chapter on the grounding will be very interesting. Not sure when it will be published but it will be a best seller.
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Old 24th May 2014, 09:40
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JH has certainly been throwing her weight around.

I've been told of meetings between AJ, JH, LS and that elusive SH. That QF aren't permitted to engage in any changes to the status quo unless JH approves it.

In short, if QF propose any changes within the mainline operation. JH has the authority to veto such changes if it has a negative impact on the JQ group.

MC
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Old 24th May 2014, 10:25
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my my. powerful stuff. if true.

no clearer indication yet of the boards intended direction.
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