Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

QF buys 19.9% of Alliance

Old 9th Feb 2019, 01:17
  #61 (permalink)  
 
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Originally Posted by 4 Holer View Post
Plus Shorten should be in in May and Albo would think its a great idea..... so they will get the lot in the end. AUS the Island with no competition at any level or any industry excellent.
Wow, throwing rocks from a country that is run by a TV host and will bailout their banks, all the while letting the guys that caused the GFC to sail off into the sunset with a huge chunk of the bailout money as bonuses. No country is perfect but your bitterness towards Australia is not healthy.
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Old 10th Feb 2019, 00:49
  #62 (permalink)  
 
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Angry - he ain't that far off the mark, actually.
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Old 10th Feb 2019, 02:20
  #63 (permalink)  
 
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Not bitter just pointing out you have fallen into deep socialism in AUS.... Government controls everything including when and where you can have a beer.... Naughty boys driving at 65 in 60 zone here is your picture we took while monitoring you of the offense, give the government $225. Sad really bring back the 80/90s be free again.

Trump maybe a nutter in your view but you can do here as you please and things are good.
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Old 10th Feb 2019, 02:54
  #64 (permalink)  
 
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ROFL

Originally Posted by 4 Holer View Post
Trump maybe a nutter in your view but you can do here as you please and things are good.
Hahahahaha LOL!!! Best laugh I've had in quite a while. Yes, Australia has certainly become a lot more nanny state than it was...

But...you can "do as you please" in America? Hardly...That certainly was not my experience having lived and worked there for many years before and after 911.

Anyway, with the comedy show over...back to the topic...

This does look like yet another move to establish a further QF pilot group that can be leveraged and used for industrial relations purposes.

This is one area where the Virgin pilots have been savvy and fortunate enough to establish a group wide list. I think its much too late and probably impossible now for QF group pilots to achieve. I'd love to be wrong.

PG
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Old 10th Feb 2019, 04:17
  #65 (permalink)  
 
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bring back the 80/90s be free again.
Spot on, donít recognise the place anymore. At least there was an identity back then.
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Old 10th Feb 2019, 04:35
  #66 (permalink)  
 
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Group list main beneficiaries are super senior or junior pilots. I guess another benefit might be during a downturn as mentioned for the F50 Pilots at VARA. Sorry for the drift.
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Old 10th Feb 2019, 10:02
  #67 (permalink)  
 
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This one looks like a business to business proposition and nothing to do with much else. From a strategic point of view it makes sense as a blocker.
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Old 10th Feb 2019, 11:42
  #68 (permalink)  
 
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Actually, 4HOLER you are off the mark. That's not called socialism, that's called fascism.
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Old 10th Feb 2019, 12:08
  #69 (permalink)  
 
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Socialism is more like where you use lots of public money to enable inefficient enterprises to make crappy products.
Such as the US government propping up GM and Chrysler to the tune of nearly $100 billion.
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Old 10th Feb 2019, 22:37
  #70 (permalink)  
 
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How is Virgin group allowed to operate domestically when they are predominantly foreign owned ?
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Old 10th Feb 2019, 22:47
  #71 (permalink)  
 
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Originally Posted by Scooter Rassmussin View Post
How is Virgin group allowed to operate domestically when they are predominantly foreign owned ?
Because there are no restrictions on foreign airlines operating domestic services in Australia. Thatís why Tiger were able to start when entirely foreign owned.

The real question should be, how is Virgin group allowed to operate internationally from Australia when they are predominantly foreign owned?
That is supposed to be restricted to Australian carriers but cunning ownership structures seem to be able to side-step such rules.
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Old 10th Feb 2019, 23:05
  #72 (permalink)  
 
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The Tom-Toms tell me that Austrian Airlines may have sold 25 million shares to QF for $2.40 each, which they acquired in part exchange for the Fokker airframes and parts, with a share face value at that time of 64 cents each.

Mac Bank may know the details.

Nice win, eh?
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Old 11th Feb 2019, 00:29
  #73 (permalink)  
ebt
 
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Originally Posted by Rated De View Post
Qantas won't be too bothered.

Rocket Rod Sims despite dismissing the 'terminal decline' argument (which Qantas used as reason for an exemption to Competition Law) nonetheless approved a captive 'alliance' between Qantas and Emirates granting them an 'exemption'.
What 'marginal material benefits' were supposedly bestowed on Australian consumers was left scantily detailed.
Light handed regulation by Australia's regulators shows impressive results, the Hayne Royal Commission making headlines worldwide and 76 recommendations, somehow expects the same regulators and their light touch that got Australia into the mess will miraculously also fix the problem.

Rest assured Rocket Rod is on it, if not already a member of the Chairman's lounge, an invite should ensure the right answer...
Soft corruption is a beautiful thing.
I wouldn't be so sure. ACCC first proposed rejecting the VARA-Alliance tie-up, and Alliance had to bend over backwards and get other competitors to say that the contract charter market is still competitive with one less airline there to get it across the line. If only to be consistent, the ACCC will put this one through a lot of scrutiny, and Virgin will be pushing hard to make sure Qantas gets blocked from taking control.
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Old 11th Feb 2019, 02:03
  #74 (permalink)  
 
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Just my 2 cents worth, isnít Alliance a basket case, a ticking time bomb.

Let QF have it, Joyce obviously needs drama in his life.

Sure there might be some short term pain for VAA but it would serve as a healthy reality check for the industry in general.

Last edited by hoss; 11th Feb 2019 at 10:39.
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Old 11th Feb 2019, 02:09
  #75 (permalink)  
 
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Because there are no restrictions on foreign airlines operating domestic services in Australia.
Not really. Virgin Australia is an Australian company. If there were no restrictions SIA would be in here tomorrow, as would Air Asia, Lion Air etc.

https://www.abc.net.au/news/2018-04-...-fares/9617598

https://www.smh.com.au/business/comp...17-gvm61u.html

http://theconversation.com/explainer...domestic-42350
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Old 11th Feb 2019, 04:30
  #76 (permalink)  
 
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Just my 2 cents worth, isnít Alliance a basket case, ticking time bomb.
I doubt that comment would be worth 2 cents? Qantas paid $60 mill for their 20% indicating a market capitalization of $300 mill. AQZ shares today up 1.43% to $2.50.

Unless you know something the financial world doesn't, Alliance does not appear to be a "ticking time bomb".
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Old 11th Feb 2019, 06:08
  #77 (permalink)  
 
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Virgin Australia is an Australian company
Really? It might be incorporated in Australia but what does its share register look like? It's dominated by foreign entities: five foreign investors, including Etihad, Singapore Airlines and Richard Branson, own more than 90% of Virgin Australia. How can one define that company as being "Australian"?
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Old 11th Feb 2019, 06:46
  #78 (permalink)  
 
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How can one define that company as being "Australian"?
I don't define them that way, the Australian government does. They are an Australian company, domiciled in Australia, operating from bases in Australia, employing mostly Australian nationals on an Australian AOC (or four...). If they ever manage to make a profit they will pay tax in Australia. Their share holders however are overseas entities (mostly).

How can one not understand that?

Edited to add: Oh yeah, Qantas still call Australia 51% home.
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Old 11th Feb 2019, 07:07
  #79 (permalink)  
 
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Old 11th Feb 2019, 07:10
  #80 (permalink)  
 
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What's the argument for the Qantas 51% then given its biggest competitor is 90% foreign owned? One rule for all I thought. VA situation would not work in USA eg.

PS: Nice video but 51% beats 10% by any measure...
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