PPRuNe Forums

PPRuNe Forums (https://www.pprune.org/)
-   Australia, New Zealand & the Pacific (https://www.pprune.org/australia-new-zealand-pacific-90/)
-   -   MERGED: Alan's still not happy...... (https://www.pprune.org/australia-new-zealand-pacific/528014-merged-alans-still-not-happy.html)

WorthWhat 19th Nov 2013 23:40


Who else would be interested?
Good question!

And with EK in the box seat, it is easy to assume that there are no other airlines and/or sovereign funds interested in buying into Qantas.

However, what’s going down with VA might just be getting the belated attention of airlines also feeling somewhat threatened by what the Virgin Group may have in mind.

Nothing like blood in the streets to attract onlookers and should Qantas management be successful in persuading the government to amend the Qantas Sale Act, long suffering unions and shareholders may yet need to consider what changes they could affect with any new leadership team directing Qantas.

tarmacrat 20th Nov 2013 00:12

Why are there a lot of people asking for change to the QSA?

Why was the Act first put in place?

What is Qantas to us Australians?

How would that change if the QSA were change?

The people in charge of this once great company are only caretakers, where will they be after, or will their super also get top up on their pasting.

Comoman 20th Nov 2013 00:22

Now the fun really starts:

Virgin mulls legal action against Qantas boss Alan Joyce

ALAEA Fed Sec 20th Nov 2013 00:46

Without the Qantas Sale Act there would be no Qantas today. Are we forgetting the 2007 Texas takeover bid?

moa999 20th Nov 2013 01:58

ALAEA Fed Sec,

Totally misleading.
The "2007 Texas Takeover" bid was fully compliant with the QSA.

The only reason it failed was a few shareholders got greedy and only 46% accepted the bid at $5.45 (versus $1.15 today) when the conditions required a minimum 50%..

From a shareholder perspective not selling at the top was a stupid thing to do.

One can only speculate what would have happened if the bid had gotten up, but I suspect something like Ch. 9. Once the GFC hit it would have been overburdened with debt, so the lenders ultimately take control, it is recapped and relisted. But I suspect the airline and its staff would have gone through a whole lot more pain than has actually occurred since.

Potsie Weber 20th Nov 2013 02:23


Only logical major player that would have an interest in running an airline maybe EK.
I mostly agree. No doubt Emirates want to see a strong Qantas domestic for feeder traffic and to also be a competitor to Etihad/Virgin.

If they had the right to buy, the timing was right and the price was right, I can see a very strong possibility of an Emirates buy out of Qantas.

The timing is right with Virgin showing the way to do it and action needed before Virgin become too strong. The price is going in the right direction. All they need is the Sale Act to be changed.

They could sell off the Qantas Frequent Flyer business (why would they need it), sell off Jetstar if they wanted. And probably recoup their initial outlay in the process.

An alternative may be a foreign private equity bid (free of the Sales Act) which would also split the business and maybe sell Qantas domestic to Emirates.

BrissySparkyCoit 20th Nov 2013 02:32


They could sell off the Qantas Frequent Flyer business (why would they need it), sell off Jetstar if they wanted. And probably recoup their initial outlay in the process
.

Engineering has been assigned to the domestic wing... surprise surprise.

1A_Please 20th Nov 2013 02:54


No doubt Emirates want to see a strong Qantas domestic for feeder traffic
Don't know if they're that interested in feeder traffic. They fly to nearly all of the mainland capital cities and with more 777s on the way are likely to add the remainder soon.


Don't believe the VAH, Eithad, Air NZ, Singapore will be a happy marriage either, some interesting times ahead in that boardroom.
I'm sure they'll work it out....my enemy's enemy is my friend.

ALAEA Fed Sec 20th Nov 2013 03:07


Totally misleading.
The "2007 Texas Takeover" bid was fully compliant with the QSA.
The make up of the voting block would have been totally different without the Sale Act. It most likely would have sailed through and we would be left without a National Carrier.

This entire thing is about two airlines and their egotistical CEOs seeking more money to fund an unsustainable airfare war.

neville_nobody 20th Nov 2013 06:55


The only reason it failed was a few shareholders got greedy and only 46% accepted the bid at $5.45 (versus $1.15 today) when the conditions required a minimum 50%
The only reason it failed was some banker in NYC screwed up and didn't post his company's vote in time.

Sunfish 20th Nov 2013 08:49

Qantas has been living a lie for at least Fifteen years.

The lie is that it is unprofitable and burdened with excessive costs.

The lie was made with the intent of undoing the public float and to privatise the iconic airline, which has always been a licence to print money by screwing Australian travellers.

The lie almost succeeded.

The trouble however was that all the deliberately dubious decisions that were made to portray Qantas as a total basket case prior to the Texas offer needed to be immediately undone when it failed.

However little Alan didn't understand that. Instead his mates Dixon and co egged him on to go further down the self destructive path they had planned.

And when Alan finally saw the chasm opening up in front of him, he went to Emirates and not messrs Dixon and co. THAT was the source of the famous gnashing of Singletons teeth. "My precious" curses! Qantas has slipped through our fingers!

As I said when this happened, Qantas will simply be a business name for a unit of emirates very shortly. Alan's outburst just confirms it.

International Trader 20th Nov 2013 09:04

QF has been positioned for a takeover of its European routes by EK, and perhaps the whole lot.
Once QF passengers get an eyeful of the service on EK, who will want to get on an old QF plane with slack attendants and bad service?
They will take EK all the way, I know I would.
Even first on QF is only about as good as business on the big players like SIA or EK.
QF will bleed on those routes until EK make an offer that they can't refuse.
QF may have the Pacific routes but, will that sustain them ? I don't think so as that is only about 25% of profits .

It was told to me some time ago that, QF means nothing to the top management other than a ' brand that is worth about $60mill, and there are some assets'.
They have trashed the brand, reducing the value to who knows what and most of the planes aren't worth much now. What is left?
EK could take over all of the European routes from them and QF could try and make it as a boutique Pacific carrier or pretend to codeshare and give the lot to EK.
Could they continue as a complying company and not operate any planes? I don't know but, I'll bet the QF management know.

Why would EK want to buy out QF? Probably only worth the traffic to them but, remember that the Middle East has all the oil and they don't pay anything like what those outside pay.
Fixed world oil pricing, sure!
Aircraft leasing rates ......... no need to lease there.
Think they are profitable?
Global air domination with access to cheap fuel and new planes by the 3 carriers in the ME.
Tell me I am dreaming.

An EK buy out of QF would leave the Orange star to be operated by another company and continue supplying lots of income for the old QF guard through leasing planes from them, maybe with the "little one" doing very well out of it and bolting. Later Jetstar could also be sold off as a tidy corporate masterstroke.
Lets face it QF has always been struggling as an end of line carrier and it has now been run into the ground. If it was a race horse, they would be putting up the curtain around it about now.
Just my uneducated opinion.

moa999 20th Nov 2013 09:25


Once QF passengers get an eyeful of the service on EK, who will want to get on an old QF plane with slack attendants and bad service?
They will take EK all the way, I know I would.
But aint the point. If I were a QF FA earning much more than my EK or Asian equivalents I would be smiling happy and looking after the customers, not grumpy and sour at the airline and AJ... Same with all the flight crew.

It amazes me that some of the better paid staff in their industry seem to continually publicly bag their employer and its management, rather than revile in their good luck, and do their upmost to help the company stay profitable so they can stay on the gravy train.

ALAEA Fed Sec 20th Nov 2013 11:00

But the Qantas meals are inspired by Neil Perry.... I can't work it out.

PittsS2A 20th Nov 2013 11:20

Which part of Neil Perry though ?

ruprecht 20th Nov 2013 11:34

I guess sarcasm isn't your strong point. :rolleyes:

ALAEA Fed Sec 20th Nov 2013 11:37


Steve, so what you are saying is that a shitty chocolate biscuit and an orange juice for the BNE/ADL route is inspired by Perry?? Wow, what imagination!
I challenge you to find anyone other than Neil Perry who could have thought of Orange Juice and a biscuit.


All times are GMT. The time now is 11:19.


Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.