MERGED: Alan's still not happy......
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The writing is on the wall.
I have been following this issue very closely from an outsiders point of view and unfortunately have been watching question time in Parliament every day and there is no way the Government or Qantas will get it's way in it's current form .
It seems to me to be increasingly likely that the only possible outcome short of an unlikely Australian Consortium buying Qantas is for the Federal Government to buy it back.
The Govt. won't / can't give a Debt guarantee ,don't have any chance of getting a change of the QSA through the Senate so really all that's left is to buy the Airline or let it sink.
It is highly unlikely to let it sink so Mr Abbott can throw his hands in the air and say that the ALP and Greens won't help and have forced his hands so now he has no choice but to buy it back and can blame them for the cost of doing so.
That way they can give Qantas the Debt Guarantee as it is then for their own Government Airline and Virgin can't object.
As Joe Hockey said " they were dragged kicking and screaming into this " and they will say the same thing and reluctantly buy it back.
It would get support from all sides except Virgin and any level headed person.
Methinks this is the most likely outcome.
Interesting times ahead !!!!!!!!!!!!
It seems to me to be increasingly likely that the only possible outcome short of an unlikely Australian Consortium buying Qantas is for the Federal Government to buy it back.
The Govt. won't / can't give a Debt guarantee ,don't have any chance of getting a change of the QSA through the Senate so really all that's left is to buy the Airline or let it sink.
It is highly unlikely to let it sink so Mr Abbott can throw his hands in the air and say that the ALP and Greens won't help and have forced his hands so now he has no choice but to buy it back and can blame them for the cost of doing so.
That way they can give Qantas the Debt Guarantee as it is then for their own Government Airline and Virgin can't object.
As Joe Hockey said " they were dragged kicking and screaming into this " and they will say the same thing and reluctantly buy it back.
It would get support from all sides except Virgin and any level headed person.
Methinks this is the most likely outcome.
Interesting times ahead !!!!!!!!!!!!
A choice between Mr Squiggle, Clive Palmer, Alan Joyce and a box of rusty nails for Qantas CEO, it would be a toss up between the rusty nails and Mr Squiggle. I would probably lean towards the nails.
Clive is not financially strong. Clive bought BHP's Queensland Nickel Refinery and they put VERY strict conditions on the sale because they didn't want any fallout from bad publicity if Clive screwed it up. Like Qantas it had (to you and I and Clive) a mountain of cash. BHP required that cash stay in the business, which Clive thought unnecessary. To get around that he used the working capital from the Townsville Refinery to buy a number of 'investments' to 'diversify' the risk of the Nickel Refinery.
One such 'investment' is the notorious Palmer Coolum. One could only imagine what he might do if he got his hands on Qantas with testimonies like these:
Palmer Coolum Resort (Coolum Beach): See 385 Hotel Reviews and 129 Photos - TripAdvisor
Clive is not financially strong. Clive bought BHP's Queensland Nickel Refinery and they put VERY strict conditions on the sale because they didn't want any fallout from bad publicity if Clive screwed it up. Like Qantas it had (to you and I and Clive) a mountain of cash. BHP required that cash stay in the business, which Clive thought unnecessary. To get around that he used the working capital from the Townsville Refinery to buy a number of 'investments' to 'diversify' the risk of the Nickel Refinery.
One such 'investment' is the notorious Palmer Coolum. One could only imagine what he might do if he got his hands on Qantas with testimonies like these:
Palmer Coolum Resort (Coolum Beach): See 385 Hotel Reviews and 129 Photos - TripAdvisor
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The most likely outcome is QF International bought back by the taxpayer and the rest sold off. That's affordable, to bankroll the whole outfit would expose the taxpayer to potential massive losses, the country can't afford that.
Personally I think they should provide the line of credit for say 3 years and have a new management installed, board included, with some taxpayer representatives on the board.
SN
Personally I think they should provide the line of credit for say 3 years and have a new management installed, board included, with some taxpayer representatives on the board.
SN
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Where did all the money go?
Joyce seems most content on the grand stage, causing untold damage every time he try's to get either government or public support. What he completely ignores is the benefit he might gain from working with his employees instead of against them. How he and Clifford managed to convince the rest of the board members to support their reckless spending on the fleet grounding and then those millions of dollars poured into the that volcano is beyond my comprehension.
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Double Dissolution coming right up.......
Now that its firmly arrived in the laps of the senate with not a hope in hell of settlement, we move on to the next bit to this screen play.
A sustained campaign to demonise the workers and unions of this country with plenty of references made to your T & C's.
Then just when the outrage peaks, we are all off to the polls and a double dissolution election with the PM seeking a mandate to rebirth the mother of Work Choices.
Labour will continue to encourage the stalemate position, as they know even a slim chance of rolling The PM in 4 months time is worth the gamble. This dog act could go horribly wrong, and Mr Abbott will be a <1 year PM.
If your one of the highly skilled workers being tortured by this despicable power struggle, my heart goes out to you.
A sustained campaign to demonise the workers and unions of this country with plenty of references made to your T & C's.
Then just when the outrage peaks, we are all off to the polls and a double dissolution election with the PM seeking a mandate to rebirth the mother of Work Choices.
Labour will continue to encourage the stalemate position, as they know even a slim chance of rolling The PM in 4 months time is worth the gamble. This dog act could go horribly wrong, and Mr Abbott will be a <1 year PM.
If your one of the highly skilled workers being tortured by this despicable power struggle, my heart goes out to you.
Last edited by Acute Instinct; 4th Mar 2014 at 06:35.
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This is getting weirder by the day! Qantas has spent the last 18 months trying to split the airline into seperate international and domestic operational business structures - it was apparently shelved last week and now the govt publically states that legislation is being amended to allow the airline to do what it had been doing for 18 months.....go figure!!!
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Preparing to amputate......
This procedure was brought about by 'the angle formed by the union'. How ironic.....
And on the ABC 7.30 Report.....
The Deputy PM Warren Truss aka transport minister said with gusto something like, "its completely absurd to suggest that any foreign owner would fly in workers from China to operate a Melbourne/ Adelaide service".
He's got a handle on how things work in the airline game, doesn't he? Dohhh.....
Last edited by Acute Instinct; 4th Mar 2014 at 08:47.
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How has QANTAS become everyone else's problem…very clever but let's no forget it has been due to pi$$ poor management by incompetents that has got us to the present situation…don't let these prick$ get away it's their problem..
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"its completely absurd to suggest that any foreign owner would fly in workers from China to operate a Melbourne/ Adelaide service".
He's got a handle on how things work in the airline game, doesn't he? Dohhh.....
He knows it has, and will happen.....he just doesn't care, and he knows the MSM will toe the party line! Abbott Truss Joyce Clifford all pi$$ themselves laughing about it in the Chairman's lounge, as do the MSM no doubt!...
He's got a handle on how things work in the airline game, doesn't he? Dohhh.....
He knows it has, and will happen.....he just doesn't care, and he knows the MSM will toe the party line! Abbott Truss Joyce Clifford all pi$$ themselves laughing about it in the Chairman's lounge, as do the MSM no doubt!...
Is QF Bankrolling Jetstar?
Is there any evidence that Qantas been bankrolling Jetstar Australia's operating costs to the detriment of its own profit margins without clear cost recovery and accounting procedures in place?
If so, then an audit (and if necessary, a Royal Commission) is needed.
If so, then an audit (and if necessary, a Royal Commission) is needed.
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The only audit needed is who has been given free access to the Qantas's airport lounges.
Everyone already knows that everything else in the business has turned to sh!t thanks to AJ's reverse Midas touch.
Everyone already knows that everything else in the business has turned to sh!t thanks to AJ's reverse Midas touch.
Is QF Bankrolling Jetstar?
YES. Jetstar has been borrowing, leasing etc new aircraft on the back of Qantas' credit rating. At least 12 of these are on the ground losing even more money
Nothing said by AJ about the Hong Kong, Japan and Vietnam massive losses. NOTHING
Without Jetstar under proper managment Qantas now in 2014 would have a fleet for international ops of A330 787, A380 and 777. The clowns bought the 744ER at the same time they could have ordered the 777 - but the 744ER was a better deal because (according to Dixon) it was actually cheaper
YES. Jetstar has been borrowing, leasing etc new aircraft on the back of Qantas' credit rating. At least 12 of these are on the ground losing even more money
Nothing said by AJ about the Hong Kong, Japan and Vietnam massive losses. NOTHING
Without Jetstar under proper managment Qantas now in 2014 would have a fleet for international ops of A330 787, A380 and 777. The clowns bought the 744ER at the same time they could have ordered the 777 - but the 744ER was a better deal because (according to Dixon) it was actually cheaper
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Looks like Alan has found his next 787 contract
QF outsources IT to IBM
Any IT company that puts this: "Sources told The Australian that IBM’s trump card was its willingness to underwrite all cost outcomes; if a project is not delivered according to the contract, IBM will bear the cost." type of thing into a contract is either insane or has a massive legal budget...
QF outsources IT to IBM
Any IT company that puts this: "Sources told The Australian that IBM’s trump card was its willingness to underwrite all cost outcomes; if a project is not delivered according to the contract, IBM will bear the cost." type of thing into a contract is either insane or has a massive legal budget...
short flights long nights
Any information on the current wet lease to Turkish of 4 380s rumours? Lots of chatter going on in the ME part of the world re this.
short flights long nights
Well, in the year we can't mention it happened. And because of it, many of us have lived overseas ever sense.
Of course it did, I am well aware. But that was a different government with a different agenda for different reasons.
It is scare mongering to suggest that foreign pilots will be employed on domestic routes simply because of foreign ownership.
It is scare mongering to suggest that foreign pilots will be employed on domestic routes simply because of foreign ownership.