Qantas To Split Into Two Airlines
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Qantas To Split Into Two Airlines
Another rumour guys but they tell me this is where rumours are discussed. I love reading the input of all on these threads and it helps me learn for the role the ALAEA plays in our industry.
I really would like some discussion about the effects of a split of Qantas into two airlines under two AOCs. Qantas International and Qantas Domestic. I've heard it is likely from several sources.
Also some documents fell into our hands recently that seem to maybe have turned this into something a little more than a rumour. I will try and post some of them here.
I really would like some discussion about the effects of a split of Qantas into two airlines under two AOCs. Qantas International and Qantas Domestic. I've heard it is likely from several sources.
Also some documents fell into our hands recently that seem to maybe have turned this into something a little more than a rumour. I will try and post some of them here.
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QF into two airlines.
Steve,
If the suggested rumour turns into fact would that mean that, from an engineering point of view, it would be a case of 'Blue Shirts' and 'White Shirts' again? Probably not but then what would be the point of having Jet* as a quasi domestic operator? All sorts of questions come to mind.
Nkosi
If the suggested rumour turns into fact would that mean that, from an engineering point of view, it would be a case of 'Blue Shirts' and 'White Shirts' again? Probably not but then what would be the point of having Jet* as a quasi domestic operator? All sorts of questions come to mind.
Nkosi
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Red and blue team again? Who knows. They haven't advised us. I don't know what the impact on our members will be but they appear to be pretty advanced in their plans.
My take on it is this.
Yes they want to split off Domestic. They will do so to sell it offshore. It has been a couple of years in the making. The Govt and public would go bananas about it. They have deliberately created a situation where they lose money to try and convince people it is the only way forward.
They couldn't get their grubby mitts on Qantas through their Texas Pacific failed attempt so they are trying another ploy. I reckon the major shareholders are in on this and intend to make a few quid personally out of the plan. The entire thing hinges on the current Board remaining in place.
My take on it is this.
Yes they want to split off Domestic. They will do so to sell it offshore. It has been a couple of years in the making. The Govt and public would go bananas about it. They have deliberately created a situation where they lose money to try and convince people it is the only way forward.
They couldn't get their grubby mitts on Qantas through their Texas Pacific failed attempt so they are trying another ploy. I reckon the major shareholders are in on this and intend to make a few quid personally out of the plan. The entire thing hinges on the current Board remaining in place.
I imagine that the eventual structure will decouple the domestic division from the QSA and leave international 51% Australian as required by most if not all international bilateral agreements.
All of this is by way of undoing the original merger of TN and QF. Remember way back then the govt wanted a float with a 25% trade sale. There were no takers for QF, but three expressions of interest for TN. The solution was to marry the two.
BA eventually had 25%, many mums and dads the rest, much like Telstra back then.
Qantas has had many barbarians inside the gates since then, and now we will witness another attempt to re-invent the wheel. International airlines need their domestic divisions. Any attempt by this wrecking crew to sell off domestic unfettered will scuttle the international division. (Sorry for the mixed metaphor)
All of this is by way of undoing the original merger of TN and QF. Remember way back then the govt wanted a float with a 25% trade sale. There were no takers for QF, but three expressions of interest for TN. The solution was to marry the two.
BA eventually had 25%, many mums and dads the rest, much like Telstra back then.
Qantas has had many barbarians inside the gates since then, and now we will witness another attempt to re-invent the wheel. International airlines need their domestic divisions. Any attempt by this wrecking crew to sell off domestic unfettered will scuttle the international division. (Sorry for the mixed metaphor)
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So Peter Doble holds Airframe and Engine Licences?
Do you think he has carried out aircraft maintenance in a CASR Part 145 approved organisation for six continuous months in the last two years?
Do you think he has carried out aircraft maintenance in a CASR Part 145 approved organisation for six continuous months in the last two years?
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Hmmmm, Fed Sec your lack of awareness of this project (which was announced to the ASX) throws serious questions on the veracity of anything else you post on this forum!!!
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Hmmmm, Fed Sec your lack of awareness of this project (which was announced to the ASX) throws serious questions on the veracity of anything else you post on this forum!!!
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And to throw another rumour I heard last night into the mix: Emirates is looking to buy (yes, BUY) Jetstar. Can't give anything further than that, so no idea of the authenticity but, as Fed Sec said, this is where we share rumours.
Nunc est bibendum
Agreed. The decision to duplicate many functions and add significant costs to the 'group' has been well known for months. The question as to why has never been satisfactorily answered though I reckon the answer is obvious. They want to do a Virgin.
Pump and dump. I was away when the split was announced. It was shattering news to me, but no one else seemed interested.
Hockey specifically mentioned 'Qantas DOMESTIC' today which went right to a very raw nerve.
They are flogging it as APA would have I suspect.
The ones who want jobs will move (as many have) to Domestic and the unknowing or brave will turn the lights out.
They have finally wrecked it.
Its not 2 airlines. Its Domestic/int routes/FF/any number of Jetstars/terminals etc...
Hockey specifically mentioned 'Qantas DOMESTIC' today which went right to a very raw nerve.
They are flogging it as APA would have I suspect.
The ones who want jobs will move (as many have) to Domestic and the unknowing or brave will turn the lights out.
They have finally wrecked it.
Its not 2 airlines. Its Domestic/int routes/FF/any number of Jetstars/terminals etc...
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Hey hang on. It may be ok to say that this is well known or they announced it to the ASX but I'm wondering how long ago this arrangement was decided and why there has been no consultation with the ALAEA about it (as required by the WD).
When was it announced to the ASX? Is there a link to it?
I know when Virgin split off they wrote to us and then they meet with us to explain the consequences. Qantas haven't told us anything about this.
When was it announced to the ASX? Is there a link to it?
I know when Virgin split off they wrote to us and then they meet with us to explain the consequences. Qantas haven't told us anything about this.
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ASX restructure announcement
Qantas group restructure started 22 May 2012.
Link :- http://www.asx.com.au/asx/statistics...idsId=01299329
They haven't gone to all this expense for nothing. I believe the separate AOC's are still a work in progress. Perhaps the announcement will reveal all?
Link :- http://www.asx.com.au/asx/statistics...idsId=01299329
They haven't gone to all this expense for nothing. I believe the separate AOC's are still a work in progress. Perhaps the announcement will reveal all?
"The Australian public is about to be royally screwed by Qantas yet again."
How on earth is the public going to be "screwed" by QF.
It's a business, the company is suffering and is taking steps to make it more viable in the market place.
If customers don't like the result, they can chose to fly another carrier.
Screwed?
How on earth is the public going to be "screwed" by QF.
It's a business, the company is suffering and is taking steps to make it more viable in the market place.
If customers don't like the result, they can chose to fly another carrier.
Screwed?
Done by April at a cost of over $128 million! Wow no wonder Qantas is losing money. Couple that with all the Jetstar losses and no wonder our credit rating has slipped and it is nothing to do with the employees except for a few at the top!