Just heard a sound grab from Ross Greeenwood talking Qantas. He thinks Qf Sales Act restrictions will be lifted (assuming it get through Parliament) and that following on from there 'EK would be the logical buyer'.

Again, you couldn't make this up by he is 'interviewing' BGA at the 'Australia - Israel' conference (I assume about the wonders of the Arab world) in the next few weeks, so he at least speaks to the little twerp.

Even if there was full forensic accounting done, do you really think the accountants hired for the job would be purely independent and unbiased? Not a chance. There'd be distractions and protests up here with the left hand while the right hand is down here signing contracts. When the results come back clean, then what?

True...
And thats the whole problem really. You simply cannot trust the bastards...

The whole QF saga is so convoluted now twisted & bent & most likely corrupt from all angles no one would be able to get to the bottom of it for a long term solution, it's way too late for that now.
Shareholders are in it for one single reason, to make money so there's no glamorous reason behind it all it boils down to money from the CEO all the way down to the guy who sweeps the shop floor.
The once proud business of being the countries flying representive is now just an ugly eyesore with knives sticking out of many peoples backs worldwide!



Wmk2

Roll 'Domestic' into Jetstar overnight 1 March with all staff transmitted across to new contracts, bypassing current EA provisions due to 'exceptional financial stress' and rubber stamped by FWA........
Red tails on Orange contracts.....

Don't believe it won't happen.......:=

The reality is EK could buy 25% of Qantas today, and so long as other international shareholders are under 24%, Qantas is still operating under the QSA and other aviation legislation..

The shareholding issues in the QSA are not particularly limiting of the marginal investor which drives the share price, albeit they do limit the parties that could mount an outright acquisition of Qantas.

The Townsville refueller says, after close of trading on Friday:

• Joyce to announces his departure
• Rob Fyfe as next CEO
• $300 million Standby debt facility from Federal government
• Renewed focus on growth in the red side of the business

He is a bit hazy on the rest:

• A380 for B777 swap with EK possibility

FYSTI....


Can't be true.....

It would go against the last ten years of unchecked incompetence, and plundering and pillaging of the rat.

Yeah, I used to believe in Santa once as well .....:(

Yep, I don't think they really care about workers wages, shift penalties and all that business. At the end of the day the Federal government can remove all our award conditions and it would probably make not one scrap of difference. Everything looks to be heading offshore if they get half the chance. Feb 27 and the next couple of years should prove that point.

The most damaging industrial action I have seen in our industry was carried out in 2011 when the airline was shut down unnecessarily. The amount of money lost in bad PR, lost sales, IR head kicking fees and staff morale will never be truly appreciated.

Plane Talking brought up an interesting rumour about some potentially surplus QF A380's if they can DXB-LHR.

Here's a link to part of the rumour:

Rumor: Turkish To Wet Lease A380s - One Mile at a Time - One Mile at a Time

JB on Qantas
 

I think this pretty much sums up where things are at

Virgin CEO John Borghetti hits out at Qantas assistance plea - ABC News (Australian Broadcasting Corporation)

When Ansett requested government help, Qantas were strongly against it. How things have changed.

Why don't they just put an Administrator in for 90 days ( chapter 11 ) and return aircraft they don't want, lay off the staff not needed, change the management, standardise the fleet (777/737/A330), piss Jetstar off emerge from administration chapter 11 and plough on ???

Because we don't have Chapter 11, and because an administration would mean the management would lose all control, and they might even be found to have broken the law. Not saying they have, just saying when an administrator takes over, it's down to the administrator and the courts what happens. Unless they became insolvent, it's not going to happen.

The US Bankruptcy code is very different to Australian law.

Rumor: 27th Feb the 767 and 747 fleet will either
be grounded or an announcement of grounding will be made.

It's seems over the past few days this rumor could be fact. If Emirates take over
London, Singapore, Bangkok it frees up enough aircraft. Jetstar will then fill the gap in Asia.... Just a rumor.

Didn't they just spend lots of money on the 767 cabins?

Like they spent lots of money on the Singapore lounge?

Cookies must be enabled. | The Australian

Don't worry fellas.

Like I've been saying a few times over the last coupe of months.

Alan's got a plan to counter the arrival of B787's for Air New Zealand & United Airlines.

Is Alan gunna share that plan anytime soon? I suppose all will be revealed come 27th Feb.

MC.

I need to go from Melbourne to the States and I want to fly in a premium cabin. So let me think, do I fly United or Jetstar. Ummmmmmmm......