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Sunfish you lose credibility when you throw your toys out of the pram and resort to name calling simply because someone has a different view to yours. |
Can they attribute the losses of winding-up JHK to FY14 when they gave no such guidance to the market that this was a possibility ? I don't know. If you are going to have a bad year, make it a shocker. |
Thanks 1A, I didn't know that.
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Well QF have got alot of answering to do now their joint partner - China Eastern has turned their back on them, TO START THEIR OWN LCC!
More here. |
Interesting indeed, although China Eastern have been quoted as saying they are looking for a strategic investor in their proposed LCC! Qantas/Jetstar Hong Kong?
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turned their back?
Why would that be such an obvious conclusion? My Machiavellian side suggests otherwise...
After BCG helpfully derailed the J*HK process by fully displaying the arrogance of youth :mad:, China Eastern gained unexpected access to a reputably experienced LCC set-up team (sans BCG) that allowed them to advance their schedule for a domestic Chinese LCC before too many other players get a foothold. I don't understand why people think that China Eastern see the issue as a binary decision between J*HK or a domestic Chinese LCC. := Why wouldn't you have a LCC strategy that allows you to grab both ends of such a significant market pair as HK and mainland China? Moving in both camps must lessen the overall risk of failure in one place or the other. Turned their back? I don't think so... :E |
Companies can launch all the low cost carriers they want, but the issue is that Hong Kong's airspace is saturated. The 'cousins' up north have, predictably, not released any airspace since their takeover in 1997, and one line of CBs shuts the joint down for hours. I won't even start on the typhoons. The ATC delays have got worse over the last five years, and I speak from experience.
The full service carriers with widebodies are flat out making a go of it, let alone yet more cheapos with smaller aircraft. |
High Rollers - High Risk?
Updated 17 Sep 2014, 3:55pmWed 17 Sep 2014, 3:55pm Australian casinos and the threat posed by organised crime.
Originally Posted by Four Corners
MGM owned a major casino on the Atlantic City strip. It wanted a Macau licence by partnering with Stanley Ho's daughter, Pansy Ho.
This triggered a probity investigation by local regulators to examine whether Stanley Ho would exercise undue influence over the joint venture. The four-year investigation was painstaking. And it was not the first time that Ho's children had come under scrutiny from casino regulators. Sometimes they were approved and other times not. SANDY BOUCHER: It's true that, that some of, er, Stanley Ho's children have applied for licences and they've been refused. LINTON BESSER: Sandy Boucher is a former Royal Hong Kong Police detective, now in the private sector. He has worked on several casino regulator investigations that probe Macau and its underbelly. SANDY BOUCHER: I think the primary issue that they would have been dealing with is: who is their father? In other words, they would have been seen as fronts in those days, as a, as a way to get around the regulatory issues that Stanley Ho himself clearly had. LINTON BESSER: In 2010, New Jersey regulators found Pansy Ho's associations with organised crime posed too great a risk. Authorities here ordered MGM to either sever its relationship with Stanley Ho's daughter or to leave New Jersey altogether. It chose the latter and it promised to divest its interest in this Atlantic City mega-casino. LINTON BESSER: Late last week, after Pansy Ho had removed herself from day-to-day management of the venture, New Jersey allowed MGM back into Atlantic City. Back in 2008, the Victorian gambling regulator found Lawrence Ho was not under the ongoing influence of his father. It described its investigation as "rigorous" but, unlike in New Jersey, the details of the Victorian investigation were never made public. LAWRENCE HO, CO-CHAIR AND CEO, MELCO CROWN ENTERTAINMENT LTD (archive): I think we have a wonderful partner in, you know, Mr James Packer and Crown Limited. (Footage of James Packer and colleagues officially opening City of Dreams resort, Macau, 2009) |
Fiasco continues
The executives responsible for this ongoing fiasco should lose their heads:
Jetstar HK off to rocky start PG |
Originally Posted by Popgun
(Post 8910948)
The executives responsible for this ongoing fiasco should lose their heads:
Jetstar HK off to rocky start PG |
They've still got more A320's than JQ Pacific had when they kicked off in Vietnam! :}
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"As the establishment of Jetstar Hong Kong is taking longer than initially expected, the sale of aircraft under the aircraft sale agreements will optimise the fleet plan in the short term," Shun Tak told the Hong Kong Stock Exchange. Read more: Jetstar HK off to rocky start |
I know where there is a cheap 1966 model C172 they could lease if they want to offload the last A320 to create some cash-flow !!
Role on.... |
Think of the fuel savings! |
It is perfectly clear that Qantas will lose every cent it invested in Asia, however it's the opportunity cost of the Asian ventures that saddens me.
All the management and Board time wasted on this wild goose chase can never be recovered and could have been far better spent on the mainline product. |
Nearly there Alan ! I know Ive said this before mate but need another 20 mil and it's all fixed . You got a pen mate i got a couple account numbers for you to write down .
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No matter what it costs,
No matter what it takes, and Contrary to all known logic, It WILL come to fruition. Even a box of rocks could see the folly in this. |
This saga reminds a bit of the Kenny Roger hit, The Gambler
Every gambler knows That the secret to survivin' Is knowin' what to throw away And knowin' what to keep ....................... ....................... You've got to know when to hold 'em Know when to fold 'em Know when to walk away And know when to run The trouble is the clowns in charge of the circus don't know what to keep or throw away, or, when to fold and run away. |
I wonder what Jane has to say about all this.
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A LAUGH!
HAPPY VALLEY WAN CHAI CHECKERBOARD NIGHT NOODLE LADIES JADE MARKET PANSY OCEANIC SAME DAY LAUNDRY SERVICE AT SPECIAL PRICE AIRWAYS - just ain't goin nowhere. delusional dot kai tak at whitecoat dot org
The MILLIONS lost over this vs the money that is being saved on QF by there being no trays in E/Y class on 16 hour flights, less dunny's, more seats, less cabin staff and them getting 15% less allowances is criminal. The entire Leadeship, Board and EXCO people should be in jail. Oh and that pink and red. WTF? Qantas's Jetstar Hong Kong venture down to one plane |
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