MERGED: Alan's still not happy......
Moa and the Jetstar/QF media arm:
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 .....
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'???
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.
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''.
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''.
'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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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.
“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.
Qantas put the brakes on expansion into additional markets until conditions improved.
Media reports over the weekend suggested its New Zealand unit was failing to gain traction with customers against Air New Zealand.
We’ve got to earn the right to our customers’ loyalty every day we fly.’
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.
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.
“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.’’
“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.’’
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.
MC
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.
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.
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.
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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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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I heard recently in the corridors that JH was a front runner.
Hopefully it won't be to late and this whole thing is still salvageable.
short flights long nights
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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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.
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.
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!
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!
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.
Nunc est bibendum
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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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
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
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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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
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