MERGED: Alan's still not happy......
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The ACTU have been meeting with the amazing Qantas management team. I think Dave Oliver, the ACTU Secretary, is in love with Alan. I've written to Dave just to let him know that he does not speak on behalf of the ALAEA.
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A message from the Q meeting in Canberra Thurs 13.2.2014
Mr Joyce meets the Liberals in Canberra to outline what he wants, (frame grab)
And this is the message Andrew Broad, Nationals MP Mallee (Victoria) got from the meeting, video extract below... and he's a pilot.....
good to know the country is in safe hands.... The full video & story can be seen here......
The storm facing Qantas was one Joe Hockey couldn't ignore
On the flip side,
The Herald can see merit in the guarantee with caveats on management performance and where the money is spent.
In the longer term, the government could aid Qantas by crimping Virgin Australia, although that would lift ticket prices and limit competition.
Other options involve Qantas selling its lucrative frequent flyer business to lower debt. The government could also allow Qantas to hive off Jetstar to local or foreign interests.
But both Qantas and hardliners in the government would prefer Parliament allowed Qantas to access more foreign capital by raising the 49 per cent foreign ownership cap.
Mr Hockey knows the risks in tinkering with public support for Australian ownership. Naturally, he could make the case at the next election that Qantas will perish without more ownership freedom. The government could promise that Qantas would always have to be Australian-based and give preference to Australian workers.
But before any long-term support for Qantas is forthcoming, the airline must get its own house in order. Costs are certainly an issue. Mr Joyce is claiming great credit for reducing them with tough tactics, such as grounding the airline in October 2011. He has also signalled $2 billion more in cuts.
Many Australians question the impact of such an extreme cost-cutting strategy on the airline's full service brand and operations.
What's more, it is rich indeed for Mr Joyce to offer to become an even bigger battering ram on industrial relations if the government agrees to his appeals.
Many of Qantas' problems have been exacerbated by poor management decisions, such as the Jetstar Asia venture and insistence on maintaining 65 per cent of the domestic air travel market no matter the demand for flights.
Many will ask whether Mr Joyce and his team should be leading Qantas through this difficult period, with or without government support.
Read more: Qantas deserves supportive wind beneath its wings
my bolding
In the longer term, the government could aid Qantas by crimping Virgin Australia, although that would lift ticket prices and limit competition.
Other options involve Qantas selling its lucrative frequent flyer business to lower debt. The government could also allow Qantas to hive off Jetstar to local or foreign interests.
But both Qantas and hardliners in the government would prefer Parliament allowed Qantas to access more foreign capital by raising the 49 per cent foreign ownership cap.
Mr Hockey knows the risks in tinkering with public support for Australian ownership. Naturally, he could make the case at the next election that Qantas will perish without more ownership freedom. The government could promise that Qantas would always have to be Australian-based and give preference to Australian workers.
But before any long-term support for Qantas is forthcoming, the airline must get its own house in order. Costs are certainly an issue. Mr Joyce is claiming great credit for reducing them with tough tactics, such as grounding the airline in October 2011. He has also signalled $2 billion more in cuts.
Many Australians question the impact of such an extreme cost-cutting strategy on the airline's full service brand and operations.
What's more, it is rich indeed for Mr Joyce to offer to become an even bigger battering ram on industrial relations if the government agrees to his appeals.
Many of Qantas' problems have been exacerbated by poor management decisions, such as the Jetstar Asia venture and insistence on maintaining 65 per cent of the domestic air travel market no matter the demand for flights.
Many will ask whether Mr Joyce and his team should be leading Qantas through this difficult period, with or without government support.
Read more: Qantas deserves supportive wind beneath its wings
my bolding
and this "crack up" today, New Qantas slogan ?Fly Us or Else? | Plane Talking
.
Last edited by TIMA9X; 14th Feb 2014 at 21:13.
Chairmans lounge in perpetuity for each Liberal member and their families I suspect.
I have a very bad feeling about all of this.I think when legislation passes you are going to see who the shareholders are who have been hiding behind the nominee companies and you are going to be both surprised and disgusted.
If I was a New York Hedge fund manager, I would be planning to get control of Qantas, squeeze the Australian travelling public until they scream and force the country to buy the airline back at Three times their purchase price in order to regain some semblance of a decent service.
I have a very bad feeling about all of this.I think when legislation passes you are going to see who the shareholders are who have been hiding behind the nominee companies and you are going to be both surprised and disgusted.
If I was a New York Hedge fund manager, I would be planning to get control of Qantas, squeeze the Australian travelling public until they scream and force the country to buy the airline back at Three times their purchase price in order to regain some semblance of a decent service.
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I have to suspect Son of Kerry is hiding in the background.... again. This is the same process being repeated from when shares were $6.00 but now qantas is priced at bargain basement rates. The vultures are circling over the carcass. I just wonder if emirates has made a deal with the others on the breakup of qantas. Usually all these are worked before any big announcement though last time a little fly in the ointment stuffed all up.
I still can't believe little Alan still has the job! WTF!!
I still can't believe little Alan still has the job! WTF!!
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Interesting comments made by Andrew Broad. Obviously this topic has been raised or discussed behind the scenes. Why? Maybe removal of the Qantas Sales Act has little to do with a cash injection from a third party.
Maybe this is all about basing crews and facilities in cheaper countries.
Maybe this is all about basing crews and facilities in cheaper countries.
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Surely this announcement from the PM today paves the way for a takeover of Qantas by Emirates, not that I really want to see that, but that is the most obvious scenario.
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...a takeover of Qantas by Emirates....
Provided they takeover a slice of the consolidated entity, Qantas Airways Limited and the $11 Billion in debt attached there to and don't just pick cherry pick the sweet bits, leaving retail shareholders gutted.
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Provided they takeover a slice of the consolidated entity, Qantas Airways Limited and the $11 Billion in debt attached there to
Seems they are after Jetstar first, which will make Qantas even more vulnerable.
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... Seems they are after Jetstar first....
Should selling down Jetstar occur, understand Qantas Airways Limited's off balance sheet debt would be reduced considerably. Prune posters would probably be happy again. At least until they discovered recovering from the spiral dive QF is now in still needs truck loads of capital and significant efficiencies all round.
Hmmm!
short flights long nights
Where is it coming from the EK is after Jetstar?
They begrudgingly agreed to place the EK code on a limited number of JQ flights. I'm pretty sure they don't want much to do with JQ.
Then again, I've been wrong before...
Then again, I've been wrong before...
Jeez!!!
Am I the dumb one???
Qantas gifted J* the routes etc etc etc.
Who 'owns' Jetstar?
The lease payments are a bonus - and a biggie I grant you, but a bonus.
Jetstar is then 'given' to EK who will compete with an undercapitalised and incompetent (in addition to EK friendly) management 'team' at QF.
Who is getting the money for the EK gift?
This is the greatest theft from the Australian taxpayer that has ever been perpetrated.
Am I the dumb one???
Qantas gifted J* the routes etc etc etc.
Who 'owns' Jetstar?
The lease payments are a bonus - and a biggie I grant you, but a bonus.
Jetstar is then 'given' to EK who will compete with an undercapitalised and incompetent (in addition to EK friendly) management 'team' at QF.
Who is getting the money for the EK gift?
This is the greatest theft from the Australian taxpayer that has ever been perpetrated.
I can't find the reference right now, but prior to the QF and EK tie-up, wasn't there a few comments from EK about QF having to raise their standards on-board the aircraft before they were happy to Codeshare with them? If that was the case then why on EARTH would they do a Codeshare with Jetstar?! There has got to be more to this than meets the eye.... I think we're all waiting for the other shoe to drop now.
Can't see why EK would need to buy either QF or jetstar. The codeshare feeds their network without any of the hassles of ownership. What do they gain by buying?
The don.
The don.
100% ownership of a market they could have (prior to Messiah Dixon/AJ) only dreamed of.
No one, could have ever foreseen that a seriously well paid CEO and board could have so little interest in the Company that is paying them.
Jordan Belfort would not be so mercenary.
Even after 10 years of learning how these guys think, I am still appalled.
No one, could have ever foreseen that a seriously well paid CEO and board could have so little interest in the Company that is paying them.
Jordan Belfort would not be so mercenary.
Even after 10 years of learning how these guys think, I am still appalled.
