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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?
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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:
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FYSTI....
Can't be true..... It would go against the last ten years of unchecked incompetence, and plundering and pillaging of the rat. |
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 |
The Qantas PR spin at the moment is "we don't want a hand out, we don't need a hand out IF we are allowed to re-organise and re-structure". 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
Qantas is lobbying for government help and Virgin Australia is lobbying against Qantas. The two airlines' war to win public support has largely been waged without either of their chief executives doing on-the-record interviews. Virgin's John Borghetti slams Qantas and Joe Hockey over assistance talk - ABC News (Australian Broadcasting Corporation) |
When Ansett requested government help, Qantas were strongly against it. How things have changed.
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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 ???
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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 ??? 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?
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Like they spent lots of money on the Singapore lounge?
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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......
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Rumor: 27th Feb the 767 and 747 fleet will either be grounded or an announcement of grounding will be made. We've been told that the ONLY thing that isn't on the table is the 65% I believe the 767 fleet manager mentioned something about jumping at shadows on her fleet blog...... The rumours will only get worse as the day nears.... Things to remember....... 1. Whilst both major players are losing money (yes jetstar, that means you too, you're part of the group aren't you?) the market will not be this way forever. We need to adapt to the market now, but we also need to be able to swing back as the market stabilises... 2. Whilst I don't doubt some red tail cuts will be made, the review is more about ways they can 'unlock capital' ie we are looking for a short term cash injection, and since Q can't just go running to the other government backed airlines for a handout, they have to find it by selling assets. It's not going to be pretty, but the entire grounding of 2 fleets? I would say highly unlikely. I know the same rumours are on Qrewroom as well, but I just can't see it. MC.....I hope you're right! |
All I will say is do the maths!!!!! Look behind the grandstand statements and look at the hard numbers!! The business needs wholesale change, there has been no external shocks and it still loses $300million for 6 months.... As I say just do the maths!! Good luck to all in QF this will be a very rocky road.
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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...... |
goodonyamate,
It actually fits in very nicely with the 65% concept, and the industrial attack that I think we all know is coming. Remember that figure applies to the GROUP, not Red tails. Dispose of the 14 or so 767's remaining, and replace them with Jetstar A320's for the capacity. Problem of all the JQ aircraft parked around the world idle is solved, and JQ looks good again. Don't forget this man grounded the entire airline to make an industrial point, I'd hardly put it beyond him to ground the 767's to make a similar industrial point. "Desperate times" seems a lot more real when you do grandstanding actions. JQ won't be touched - remember he has already come out and said how they are an efficient low cost carrier. I really hope I'm wrong. |
Who's going to fly Hesse A320s?
Seriously, this stuff is insane. No one has a freaking clue. Some of the guesses here may turn out to be correct but at the moment they're guesses. PS: if QF pull out of every international route they have enough A330s to cover for grounding the 767s. Can't see it happening but it could be done. |
Who's going to fly these A320s? They are flying around with two Captains due FO shortages. |
I believe the 767 fleet manager mentioned something about jumping at shadows on her fleet blog...... All they are concerned about is no ones distracted from flying aeroplanes & are they going to have jobs at X point in time down the track. These clowns (AJ) grounded an airline because of an impending lockout. Roll forward 3 years & they can leave an entire workforce in the dark about their futures and it's ops normal. |
With all due respect. Flight Ops wouldn't know WTF is going on with the Strategic Review. |
The article in todays Australian is quite interesting, Emirates is warning against the very thing that Qantas are asking for...
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The article in todays Australian is quite interesting, Emirates is warning against the very thing that Qantas are asking for... EMIRATES president Tim Clark has warned against a resurgence in “protectionist rhetoric” in aviation policymaking as he predicted another challenging year. The Dubai-based carrier is expected to continue its relentless global expansion this year after ordering 200 aircraft at last year’s Dubai Airshow, with 27 new planes - including 13 Airbus A380 superjumbos - due to join its fleet this year. It took delivery of 24 aircraft last year and launched nine new routes as first-half passenger traffic increased 15 per cent, revenues rose 12 per cent and load factors held at about 79 per cent. The airline has already unveiled new routes to Kiev, Taipei and Boston, as well as the Nigerian ports of Abuja and Kano, to bring total destinations to well over 140. Mr Clark said the airline now contributed “a whopping 28 per cent of Dubai’s GDP and supports, in one way or another, 250,000 jobs” and expected to carry 70 million passengers annually by 2020. “Despite our long-standing nemesis of fuel costs and the weakening of major currencies against the dollar, Emirates posted a modest 2 per cent profit growth to $US463 million ($517.8m) at the end of the half year to September 2013,” he said in the airline’s international and government affairs journal Open Sky. He said this year would be “no less challenging”. “The resurgence of protectionist rhetoric in aviation policymaking could potentially undo all the benefits that competition brings to consumers,” he said. The newsletter expanded on Mr Clark’s comments with an article that claimed state-owned airlines were “competitively neutral” and that state ownership alone did not distort competition. Emirates, which faces opposition to its expanding global footprint from some unions and airlines, contended the phrase “state-owned” was used by critics to conjure up “the spectre of illicit state aid without using the word subsidy”. “They paint a picture of good versus evil: wholesome privately held airlines forced to struggle in an unfair contest against state-owned carriers that, as the script would have it, enjoy unfettered access to state support and advantages,” the newsletter said. “But facts do not support this argument in aviation or other sectors. In fact, on closer examination the argument is political rhetoric that ignores international economic policy and requires the proponents to ignore the state-owned elephants in their own cherished alliance living rooms.” The newsletter pointed to European Union law and policy making it “expressly clear” there was no preference for public versus private ownership. “Rather, the litmus tests is whether an entity receives competition-distorting subsidies or is advantaged by legislation,” it said. “The state ownership, competitive distortion argument is especially misplaced in aviation given the significant number of airlines that have some degree of state ownership.” The argument comes as Qantas is claiming that it is at a disadvantage to Virgin Australia because the smaller airline is backed by state-owned Etihad and the government-supported Singapore Airlines and Air New Zealand. Qantas has asked the federal government to intervene to help rectify what it sees as an unlevel playing field, with the focus now on a debt guarantee. A Qantas spokesman said the Emirates argument applied to the international market and not to the situation in Australia’s domestic market. Cookies must be enabled. | The Australian |
Seriously, it's a bit f$&king rich for Emirates to be preaching the free trade line when most of their unskilled labour is indentured from the subcontinent and most of their skilled labour is in town at the Sheikh's pleasure. If I could get baggage handlers on a couple of bucks an hour I'd be happy to allow free trade to be king and avoid any form of 'protectionist rhetoric'. :mad:
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Regarding the 27th Announcement.
I'm expecting Alan to provide the statement the groups operating losses have been XYZ million dollars. Structural change required and we are chopping $2 Billion out of the business. Blah Blah Blah If he wants to get staff on board and I doubt very much he cares. They need to be open & honest and more importantly accountable as to where the losses are. And as mentioned in other posts. What's happened since the rosy outlook being promoted last October. Im not expecting Alan to provide profit or loss figures for QF Intl / QF Dom / JQ Dom / JQ Intl and other ventures such as Jetconnect or the other franchises. So the 27th is going to be another manufactured crisis to enable Joyce to continue on his merry way of Jetstarizing the Qantas business. Hold on tight fellas. By the times Joyce finishes I don't think the Qantas business will resemble anything like what we've been use to. MC |
going to try the QF domestic product shortly.... Not my choice.
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OMG! The world is just about to cave in - Sunfish in Qantas. I'd never have thunk that in a decade of millennia. :confused:
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I wonder if an entity that
Mr Clark said the airline now contributed “a whopping 28 per cent of Dubai’s GDP and supports, in one way or another, 250,000 jobs” A mere 28% of a countries GDP would I reckon get more than just a little help and support from the government of the day. |
SNAFU an INDUSTRY like that should get support from its government in the form of helpful policy and EK does. Imagine if Oz governments were pro aviation over the last ten years instead of pro Auto. Sydney might actually have a second non curfew airport by now and a regulator that was helpful to you.....great for the industry. That's the kind of support EK gets because their government sees it as good for the country.
The Sheikh down the road bailed out the government's debt not the Airlines so EK would have been just fine. The IMF bailed out a bunch of countries too and how are their airlines doing?? Annoying as you might find it but EK is a well managed and successful business. It is integral to the success of Dubai and the government recognises that with policy not cash. |
Qantas expected to shed 3000 jobs | 3AW
Up to 3000 workers are expected to be laid off from Qantas, as the airline tries to get itself back on a solid financial footing. Qantas is due to hand down its half-year results next Thursday with the company tipped to announce a $300 million loss. Fairfax Radio understands Qantas will use the opportunity to announce sweeping changes. Sources have told Fairfax Radio that planes will be sold and some aircraft will be retired; routes will be changed and others dumped. It’s believed Qantas flights to Johannesburg will go. The airline is also expected to cut flights from Dubai to London. Fairfax Radio understands up to 10 per cent of staff will be affected by this announcement, which equates to about 3000 jobs being axed. |
So if that's another 3000, then it's actually 4000 jobs.:ugh::ugh:
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So how many have they laid off to date before the next lot?
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Please let the leprechaun be the first...
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