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

[1A_Please]

Without endorsing the rumours re EK takeover of QF domestic (cos i don't know), remember that once upon a time Qantas was just an international carrier that ended up being merged with a domestic carrier. So it wouldn't stretch the boundaries of credibility that it may be so again.

If you go down this path, you realistically have to break up the whole group into Domestic, Int'l, Jetstar, FF Scheme, Engineering, Catering etc. This would be incredibly complicated and would throw up some parts of the business worth nothing. For example, if international is as dire as it seems a break up would mean this business is now on its own and the only thing the shareholders could realistically do is hand it back to the govt.

It is fair to say the real value in the group is in domestic and the FF scheme though its value is very dependent on there being a viable int'l business. As a shareholder, I wouldn't trust the current board to get a good price for the domestic franchise. The FF scheme's value is questionable in a break-up and the rest is either negligible or of little worth.

[Australopithecus]

What would be the advantage for EK? They already have services to all mainland capitals (and capital). They would be buying a huge redundancy problem with the over-crewing of the 737, (unless they use it as a pilot farm for the 777, of course. The only upside might be a future play to get Pacific rights.

I can image EK dictating terms to Joyce about the allowable competition from JQ...that should be fun.

[Transition Layer]

QAN shares up almost 5.5% in an otherwise flat market.

Something is going on

[Pearly White]

QAN shares up almost 5.5% in an otherwise flat market.

Something is going on

Possibly fuelled by this rumour - QAN now trading at $1.28, up 7 cents (6.22%).

No major spike in volume, though, so it doesn't look like the instos are buying into the rumour.

[Pearly White]

Meanwhile, in other news, Paul Howes is appointed as a director at KPMG.

[TIMA9X]

Meanwhile, in other news, Paul Howes is appointed as a director at KPMG

Yep, and guess who is doing the audit for Q again this year?

KPMG..

the family is growing...

[Potsie Weber]

Rumours starting to circulate around the traps that EK are to take a significant stake or all of QF domestic. Announcement next week is the rumour. Keep an eye on the QF share price over the next couple of days as that may give a clue.

Watch for the soon departure of 1 senior executive who has been conspicuously quiet of late.

You will never guess where said person is rumoured to be heading? Reward for a deal that has been very one-sided?

[Qantas 787]

Quote "Watch for the soon departure of 1 senior executive who has been conspicuously quiet of late."

Given how many senior executives we still have, that is a large number to pick from.

Your clues have me stumped

[Going Nowhere]

Someone off to EK?

[Pearly White]

Watch for the soon departure of 1 senior executive who has been conspicuously quiet of late.

You will never guess where said person is rumoured to be heading? Reward for a deal that has been very one-sided?

OK, I'll bite.

I was hoping you would say Elaine is off to the sandpit. But that seems unlikely, all things considered. My guess is it's LS. or SH.

[Airbets2040]

There is no way EK would want Joyce. I'm sure he is their boardroom joke. Would love to see him cleaning the showers in first class though.

[V-Jet]

There is no way EK would want Joyce. I'm sure he is their boardroom joke. Would love to see him cleaning the showers in first class though.

Castigating myself for getting personal when I usually dislike same in others, I'm not sure that would work - shower screens are very high for some people and I'm sure EK would like their showers cleaned ALL the way to the top. Make a GREAT toilet brush though...

[griffin one]

I'll bite.
I reckon it's hard licks off to the sand pit to learn how to run a big airline,so she can return to run a small one.

[dch63]

It will be interesting to watch - the QF International and Domestic thing is but smoke and mirrors - there is only one QF, one AOC 216147, one ACN and one ASX listing, who do the Qantas staff work for? eg EBAs etc...that single ACN called Qantas Airways... What a crock

[Mstr Caution]

I've heard the Insto's are canvassing who's available for the Chairmans gig.

I think we'll see change at the top of the tree first.

[Mstr Caution]

Griffin One.

If executives bolt early.

They'll be the ones nervous about their tenure if there's a sweep of the board.

MC

[VH-Cheer Up]

If the chair changes, the board won't clear the senior executive decks completely. They'll look for one or two token scapegoats. Those who don't make the statutory remuneration report (page 82 of the 2013 Annual Report) are unlikely to feel the immediate wrath of the directors.

However, further cost cutting might have a new focus on trimming middle management costs at the Ivory Towers and beyond. That might be a good move...

[C441]

I've heard the Insto's are canvassing who's available for the Chairmans gig.

And that most definitely has to be where the process must start. If the Chairman remains in position whilst those at executive level are massaged into new roles, nothing will change.

[TIMA9X]

They'll look for one or two token scapegoats

And some of those tokens probably won't get a gig in the markets when the reality sets in, the "big picture" for the direction of the company is not a pretty sight...

I think the next couple of weeks are going to be very interesting as the panic sets in...
..Qantas says half sale of Jetstar Asia report is speculation | Plane Talking

[Sunfish]

It would be standard business strategy for EK to assess QF management talent and knowledge of what makes things tick - then poach the valuable ones, leaving the rest to wither on the vine with the rest of QF.