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Actually, I'm think I'm smarter than I think. Is that a tautology? Joyce knew what was coming, and did not, nor is doing, anything to defend the company from the onslaught. Because that is not the plan! Wish it were different. Worked for Ansett ground side before I got a real job, and loved it!, but nothing can describe the tragedy we see unfolding here. Pity my country, unfortunately it is endemic with the new order. Slash and burn for profit. Not honing more, nothing less! Good luck to all the folk that will be affected by this assured train wreck.
Pesticide Pat The Toxic Avenger. ( everybody needs a superhero) |
I initially thought Mr Andrew Finch (Qantas Counsel) was present to protect Joyce at the senate inquiry. As a former legal consultant to the APA private equity bid. I think he was there to protect the plan to achieve foreign ownership. MC Freehills partners Baden Furphy and Selina Lightfoot are advising Texas Pacific Group and partners Ewen Crouch and Andrew Finch and senior associate Tom Story from Allens Arthur Robinson are advising Qantas. Qantas takeover ready to fly | Lawyers Weekly I wonder if any of the good Senators had thoughts about this before setting them free? AEROMEDIC All "hypothetical" thoughts of course.. :) |
What is quite clear is that private ownership of "65%" of the Australian domestic air travel market is the target of at least one New York Hedge fund. That is why the Board of Qantas travelled to New York a little while ago - to receive their blessing.
Make no mistake, this is the target as is private ownership of the international brand. The poor Qantas shareholders will see the funds received from the hedgies pissed away on Jetstar Asia before the doors are closed on Qantas - the public company. Meanwhile Qantas private will proceed tor rape the Australian air traveller once again. Furthermore, knowing a little about hedge funds and venture capitalists it will be a very brave state government who doesn't give them what they want if they wish to receive a decent RPT service. Then of course there is the chance to muscle in on any future resort developments that require an air service.... The possibilities are endless. THe only way to stop it is to open the skies to international competition on domestic routes. |
Perhaps the best way to deal with these guys is to let them put their money on the table, then open the skies to all and sundry so they lose as much as possible. With the proviso that whoever comes in starts employing ex QF workers who do care.
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I "tink" he's a slippery little sh&t and not to be trusted
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Call me old fashioned if you will, but I would rather have the travelling public in the hands of Steve Purvinas like characters over the Gordon Gekko's of the world.
'Because it's wreckable OK ! I looked at the figures and changed my mind!' (because I'm incompetent in this case - but that's another story!) I can't find a video of the quote, but this movie is a) a cracker, and b) right on the QF money. And another nice vid from the same. Not as good but makes the point: Sunfish's great point above. Mr Gekko for want of a better name wants to grab the Aussie traveler by the f££%%#ing throat and rip his stomach out. Nice joke on us- well done Strong, Dixon and Joyce. |
Economics Legislation Committee - 18/03/2014 - Qantas Sale Amendment Bill 2014
Steve Purvinas
Nathan Safe |
I think this sums it all up very well
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Sunfish, why would Virgin, Tiger etc drop 'fare wars' just because Qantas domestic turns into 'Qantas Private'?
They aren't destroying the airline to create another airline, they are destroying the airline to destroy it full stop. |
Not entirely Hempy.
destroying the airline to create another airline To find out more about it, interested readers can go to http://www.google.com.au/url?sa=t&rc...X2cky06QHTbzyQ The Australian consequences of a Project Phoenix need to be better understood before any 'Knights in White Saturn' let the NLP open up Pandora's Box of legislative trinkets. |
Or Nights in White Satin even...
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I quite liked the 'Universal' nature of Saturn:)
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Is indeed what the Swiss did when they created Swiss out of the ashes of Swiss Air. Meaney To Lead Swiss Sales Efforts - Business Travel News January 20, 2003 - 12:00 AM ET By David Jonas Swiss International Air Lines began the year with a new chief commercial officer who aims to restore profitability and further improve the premium travel experience. William Meaney, 42, is a managing director in the airline's top management team and responsible for strategy, network, products, services, marketing, sales and cargo. Most recently in senior management at Star Alliance, Meaney now reports directly to Swiss CEO Andre Dosé. "Swiss is a startup, a turnaround and a merger at the same time, and flies more than 120 aircraft," Meaney said. "That has not been achieved before. I was brought in to take the next step in the commercial portfolio and do it in a fairly difficult environment." The carrier last April launched from the combined remnants of defunct Swissair and regional carrier Crossair. William L. Meaney, the airline's chief financial officer, said that the airline had to direct its efforts "not to what we think the customer wants, but what the market is telling us the customer is willing to pay for." William L. Meaney, 43, Managing Director Commerce and a member of SWISS Executive Management, is to leave the company by mutual agreement. The decision has been taken in the light of differing views on the company’s future management structure. In the wake of the decision by the SWISS Board of Directors to adopt a new management organisation based on the present three Managing Director positions, William L. Meaney and SWISS have agreed to part company. The decision has been taken as a result of the parties’ differing views on the company’s future management structure He certainly gets around.. |
Don't know when Mr Meaney was appointed to the Qantas Board, but a closer reading of the above Swiss links suggests he can probably claim responsibility for a number of things going on at Qantas right now, including the planned introduction of the new A330 lie flat seats.
Would like to know more about why Swiss let him go when they did. |
William L. Meaney ’82 President and Chief Executive Officer
Iron Mountain Group, Inc. William L. Meaney ’82 President and Chief Executive Officer Iron Mountain Group, Inc. William L. Meaney is the president and chief executive officer at Iron Mountain, Inc., a world leader in information management services, assisting more than 156,000 organizations in 35 countries on five continents with storing, protecting and managing their information. Prior to his appointment at Iron Mountain, Meaney served as chief executive officer at The Zuellig Group, a US $12 billion diversified pan-Asian group based in Hong Kong, whose primary activities include: pharmaceutical distribution; pharmaceutical manufacturing under license; animal feed manufacturing; and agricultural and materials handling equipment. Prior to Zuellig, Meaney worked in a number of turnaround situations, including: the chief commercial officer at Swiss International Airlines in Zurich; executive vice president at South African Airways in Johannesburg; and the chief executive officer of South African Vaccine Producers, a parastatal pharmaceutical manufacturer based in Johannesburg. Prior to his taking on leadership roles in international groups, he was a strategic consultant with Strategic Planning Associates (now part of Oliver Wyman) based in London and in Geneva where he worked in a variety of industries. Before beginning his career in business, Meaney served as a CIA operations officer. In addition to being a trustee of Rensselaer, he serves as a director of Qantas Airlines. He has a B.S. degree in Mechanical Engineering from Rensselaer and an MBA from Carnegie Mellon University in Pittsburg, Pennsylvania. Meaney holds U.S., Swiss, and Irish citizenships. |
Originally Posted by FYSTI
(Post 8395517)
William L. Meaney ’82 President and Chief Executive Officer
Iron Mountain Group, Inc. ..Before beginning his career in business, Meaney served as a CIA operations officer. In addition to being a trustee of Rensselaer, he serves as a director of Qantas Airlines... ...Meaney holds U.S., Swiss, and Irish citizenship |
Qantas has not taken deliveries of A320's that's not put into service. Jetstar Hong Kong, which we have a minority investment in has taken 9 aircraft that is not put into service because it doesn't yet have regulatory approval. Jayne Hrdlicka 18.3.14 There are sub leases between Qantas and Jetstar in Asia. Gareth Evans 18.3.14 This is Singapore only. Jayne Hrdlicka 18.3.14 We do not lease to any other entities. Gareth Evans 18.3.14 Flight Global Ascend Online Fleet database shows.........that the aircraft are still owned by Qantas and managed by Jetstar Hong Kong. In addition there are a further 9 aircraft on order for JQ Hong Kong, which are also owned by Qantas. Ellis Taylor Flight Global 19.3.14 We have an investment in Jetstar Hong Kong, a fixed investment with the first tranche being $33 million. Jayne Hrdlicka 18.3.14 Jetstar Hong Kong is a three way venture between Qantas, China Eastern Airlines and Hong Kongs Shun Tak Holdings. Each shareholder will commit $66 million to the carriers capitalisation payable as a series of tranches. Ellis Taylor Flight Global 19.3.14 |
They really seem to have no idea, or they are tying themselves in knots by lying so much, or a bit of both.
Or have they been too clever for their own good, and made the various company structures so complicated, that they actually don't understand what is actually happening anymore. |
Paul Howes to quit AWU. Probably going to run QANTAS with Olivia!
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SOPS
Here's a link to the Flight Global article. https://login.flightglobal.com/?Retu...dlicka-397166/ I have watched the Senate Inquiry a second time after reading this article. Gareth Evans quite clearly stated Qantas don't lease aircraft to any other entities other than Jetstar Singapore. This was confirmed by Jetstar Group CEO Jayne Hrdlicka. So I'm left confused why Ellis Taylor would later write in a Flight Global article. That after checking an online fleet database the JQ Hong Kong Aircraft are actually owned by Qantas. Are the aircraft not yet leased and owned by Qantas and therefore a cost to Qantas whilst parked? Are the Qantas owned aircraft leased to JQ Hong Kong therefore making the Senate Inquiry statements incorrect. Are there other terms by which JQ Hong Kong access the Qantas owned aircraft? Or is the online paid subscription fleet ownership database incorrect? Who is financially responsible for the aircraft already ordered and not yet delivered for Jetstar Hong Kong? Flight Global reports there are 9 more aircraft on order. Is this figure correct? Has the second tranche payment of $33 Million happened yet? If not when is the second investment payment due? MC |
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