Originally Posted by Skippy69
(Post 11422666)
Negative y'all.
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Originally Posted by HappyBandit
(Post 11422670)
I'm kind of glad it didn't go ahead tbh. Qantas are monopolising. Competition is a good thing.
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I have to say I am surprised. I wonder what Plan B is?
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Good decision. From a pilot perspective, the near complete monopoly of airline careers QF would have had with a takeover was not right. We have already seen paranoid pilots resigning from Alliance to protect their QF aspirations against rumoured anti-poaching deals. That’s an industrial monopoly!
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I reckon NJS or Network is about to get a whole lot bigger….
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With new EBA's coming up around the country within Alliance, without Qantas looming, hopefully a good deal can be struck.
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Originally Posted by Icarus2001
(Post 11422678)
I have to say I am surprised. I wonder what Plan B is?
Originally Posted by morno
(Post 11422680)
I reckon NJS or Network is about to get a whole lot bigger….
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The big winners from this are the Alliance crew who won’t have career progression hamstrung by being one of the QF subsidiaries, and NJS crew.
Right now they’re scraping the bottom of the barrel and can’t even get more than single digit application numbers |
So summing up:
QF have just lost their attempt to increase their strangle hold on aviation in Australia. The protracted attacks on pay and conditions have made, not just the company but the industry, so undesirable that they cannot attract staff the way they used to. There are alternative industries popping up who are light years ahead in regard to staff treatment. Their answer to the staff shortages will be to try attracting foreign labour into a country where the downward pressure on T&C’s is nicely juxtaposed with the spiralling upward pressure in the cost of living, thus making Oz unattractive. Massive (finally) investment in fleet renewal requiring unprecedented expenditure, but also a huge increase in staff numbers. I don’t see how this period can end well for QF. |
Originally Posted by Icarus2001
(Post 11422678)
I have to say I am surprised. I wonder what Plan B is?
Plan B, involves the removal of Alan, and focusing on its three core businesses, Link, Star and Roo. This is a good outcome for the good people in those businesses. Was another distraction the business was about to be left with. |
Just how far do the QF Tentacles spread in Australian Aviation?
Is Air North still under the influence? I think the right decision has been made. Give it twelve months and I'm sure Qantas will have strong armed Alliance into the brand. I don't think they like being told no. Especially by a pesky Government government department whom they have given fancy lounge memberships to. := |
Originally Posted by PoppaJo
(Post 11422693)
I’m not. They clearly would have known this was coming, surely. I mean, the hints the Chair gave away in her speech to the National Press Club the other week, read between the lines, I did.
Plan B, involves the removal of Alan, and focusing on its three core businesses, Link, Star and Roo. This is a good outcome for the good people in those businesses. Was another distraction the business was about to be left with. I’m more interested in what plan B is for Alliance. Get the feeling they were putting all their eggs in one basket with QF. Now what? |
Originally Posted by Blitzkrieger
(Post 11422689)
So summing up:
QF have just lost their attempt to increase their strangle hold on aviation in Australia. The protracted attacks on pay and conditions have made, not just the company but the industry, so undesirable that they cannot attract staff the way they used to. There are alternative industries popping up who are light years ahead in regard to staff treatment. Their answer to the staff shortages will be to try attracting foreign labour into a country where the downward pressure on T&C’s is nicely juxtaposed with the spiralling upward pressure in the cost of living, thus making Oz unattractive. Massive (finally) investment in fleet renewal requiring unprecedented expenditure, but also a huge increase in staff numbers. I don’t see how this period can end well for QF. I feel sorry for whoever takes over, after Alan leaves with 24 million bonus in his pocket for doing an “ amazing job”.. the investment the new CEO will be required to do will be huge!! |
Originally Posted by meatbomb01
(Post 11422917)
I’m more interested in what plan B is for Alliance. Get the feeling they were putting all their eggs in one basket with QF. Now what?
A number of the next batch of Ejet’s they have signed for are going to be used as spares ships. I don’t think there’s anything stopping QF from leasing as many Ejet’s from QQ as they want. |
I bet it’s stinging Alan a bit that the ACCC won’t even meet his demand for an urgent meeting to “understand” the decision.
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Originally Posted by meatbomb01
(Post 11422917)
I’m more interested in what plan B is for Alliance. Get the feeling they were putting all their eggs in one basket with QF. Now what?
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So who put up the money for the 30 Ejets? You wouldn’t think Qantas would do that without the Government approval to buy Alliance.
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I don’t see how this period can end well for QF. The incoming CEO is walking into a disaster. An incredible CAPEX requirement the likes of which have never been seen. Horrible public sentiment. A completely disengaged, angry workforce. A federal Labor government who are putting a stop to a lot of the industrial bullying. And a vastly inflated share price based on short term profits generated by having largely dysfunctional competition and the ability to limit seats and jack up prices post COVID. The bubble is going to burst, to be sure to be sure. And the piss-weak board have been complicit. I wonder if, in years to come, this train-wreck will become a learning experience for the finance and corporate sector. Well done to the ACCC on standing up to them. Perhaps FairWork will grow some balls now too. |
Originally Posted by BO0M
(Post 11423263)
The jungle jets (30) are wet leased to QF for another 9 years and the F100s are mainly VA and FIFO...........Can't see the need for a plan B as it's business as usual.
https://www.accc.gov.au/public-regis...nce-airlines-0 |
I vaguely remember Alliance raising capital in 2020 to buy the e-jets. Sold a heap of shares - Qantas bought as many as the could to maintain their holding.
i could be wrong but Alliance paid for the Jungle Jets |
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