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Clifford gone/ Goyder Next Chairman

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Old 28th Jun 2018, 05:33
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Clifford gone/ Goyder Next Chairman

From the SMH:
https://www.smh.com.au/business/comp...28-p4zoaj.html

Last edited by Street garbage; 29th Jun 2018 at 02:24.
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Old 28th Jun 2018, 05:39
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Hopefully QF isn't planning an entry into UK market
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Old 28th Jun 2018, 05:51
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^^ sausage before each flight - cant go wrong.
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Old 28th Jun 2018, 06:43
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Originally Posted by Kranz
^^ sausage before each flight - cant go wrong.
So the local scout group will get to become cabin crew for the day
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Old 28th Jun 2018, 06:57
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Oh god, I hope Clifford doesnt want or become the CEO of VA................
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Old 28th Jun 2018, 07:09
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Another Aviation Novice...Means Alan can continue to lie. Bunnings entrance into the UK was a bloody disaster! Well done Richard. Good time for Leigh to leave with 75% Debt to Debt plus Equity(the worst in Qantas' history) and an old fleet plus all the aircraft coming onto the Balance Sheet. I would be leaving too!
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Old 28th Jun 2018, 07:34
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May be this bloke will talk to the staff at the coal face and find out what they firstly think of management and secondly what a sh#t fight it is out there with inadequate staff, aircraft, spares, etc etc.
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Old 29th Jun 2018, 05:46
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Title below photo of AJ ...." Mr Goyder will choose Alan Joyce's replacement "
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Old 29th Jun 2018, 06:02
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Today they will announce 737 off east coast Perth to be replaced by 330 and 330 on Honolulu to 747 start September. Why? No 737 crews. First 747 to go in October. Oh yea.

Last edited by dragon man; 29th Jun 2018 at 06:26.
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Old 29th Jun 2018, 06:37
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Whoops, lucky it’s a rumour site, 747 to Perth.
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Old 29th Jun 2018, 06:57
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Originally Posted by dragon man
747 to Perth.
It’s the new classic...

Last edited by ruprecht; 29th Jun 2018 at 12:01.
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Old 29th Jun 2018, 11:20
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Why? No 737 crews
With negotiations underway it’s a perfect chance for the company to improve the Short Haul Award and stem the mass exodus off the 737. But will they do it...of course not!
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Old 29th Jun 2018, 12:59
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Originally Posted by Busdriver007
75% Debt to Debt plus Equity(the worst in Qantas' history)
Qantas debt relative to capital is ~45%, which is fine (under 50), and the debt-to-equity ratio is 1.3, which is also fine (under 2). Optimised capital structure in my view...
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Old 30th Jun 2018, 04:09
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Originally Posted by Transition Layer


With negotiations underway it’s a perfect chance for the company to improve the Short Haul Award and stem the mass exodus off the 737.
Why the mass exodus? Overworked?
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Old 30th Jun 2018, 04:26
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Originally Posted by T-Vasis
Qantas debt relative to capital is ~45%, which is fine (under 50), and the debt-to-equity ratio is 1.3, which is also fine (under 2). Optimised capital structure in my view...
You might look again and include the outstanding Leases and Part Leases that are not included. A different picture emerges. Makes me remember a great quote of an Irishman who runs a big Airline in the Asia Pacific region. "Accounting is a black art!"
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Old 30th Jun 2018, 04:30
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Originally Posted by bddbism


Why the mass exodus? Overworked?
No, just a crap awards to work under, if the Company "seriously" (LOL) wanted to reduce training costs they would fix the award, items like MDC, sick leave provisions, superannuation etc etc. Superannuation is the reason why a lot have left to go to Long Haul.
They won't fix anything though....
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Old 30th Jun 2018, 06:18
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Originally Posted by Street garbage
No, just a crap awards to work under, if the Company "seriously" (LOL) wanted to reduce training costs they would fix the award, items like MDC, sick leave provisions, superannuation etc etc. Superannuation is the reason why a lot have left to go to Long Haul.
They won't fix anything though....
Agreed, and they will continue to blame the evil pilots for their problems.
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Old 30th Jun 2018, 07:26
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Originally Posted by T-Vasis
Qantas debt relative to capital is ~45%, which is fine (under 50), and the debt-to-equity ratio is 1.3, which is also fine (under 2). Optimised capital structure in my view...
Bring the off balance sheet on balance sheet and the DE ratio is a lot less healthy.
Exactly why the genius in fort Fumble spent AUD $1.75 billion on share buy backs when a new fleet was desperately needed.

For what it is worth, DE ratios in the aviation industry are on average a lot higher than 50%...

Good riddance. For the long suffering staff left at Qantas the forlorn hope is that the next on the conga line in Corporate Australia has a little less ideological drive and a little more humanity. Given the recent disaster in the UK, one may hope he pays a little closer attention to the wanderings of little Napoleon than he did with hardware.
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Old 30th Jun 2018, 13:12
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Originally Posted by bddbism


Why the mass exodus? Overworked?
As others have said above it’s mainly the award. Otherwise it’s a great gig with good people. My big ticket item is Min guarantee, followed by sick leave and paid reserve. Super not a big deal for those of us in Div 6 (accumulation) but obviously affects all the defined benefit guys.

A slightly more reasonable award and things might change and you’d get more F/Os waiting it out for a command, but instead they’ll sit it out in long haul while their number comes up. This then places a huge strain on training with a lot of seat swapping going on between 737 and 330 at present.



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Old 30th Jun 2018, 23:55
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Originally Posted by Rated De
Exactly why the genius in fort Fumble spent AUD $1.75 billion on share buy backs when a new fleet was desperately needed.
AJ's share options vest soon, he can push out the fleet upgrade, before departing with a golden handshake, and more millions from selling off his inflated price shares, as a departing gesture.

Short term goals to worry about, the airline doesn't matter.
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