I sort of get what you are saying
In reality does it cost QF $0 to buy out QQ ?
Assuming QF net worth goes up by whatever QQ is worth, they could therefore issue a bunch of new QF shares to an equivalent value to ex QQ shareholders

Nooooo this can't be right....

Have a look at the Scheme of Arrangement. Qantas will issue new shares and give Alliance shareholders one new Qantas share for each of their Alliance shares, which will then be cancelled. So the dollar cost to Qantas is only the cost of their transaction advisers, lawyers etc who will make some millions out of it. How the market reacts and whether it reprices/revalues Qantas shares we will see in good time.

Qantas had been approve by the ACCC and that is great move jobs

1 June 1987 - 5 May 2022. Just short of 35 years before yet another Australian airline gets 'acquired' and will ultimately disappear into the annals of Australian aviation history.

Probably inevitable........... :(

Have you asked the employees and aircrew of the following present and past airlines whether they benefited by their employer airline being acquired by Qantas?

• Qantas Freight (since 2001)
• Jetconnect (since 11-Jun-2001)
• Eastern Australia Airlines and Sunstate Airlines, operating under the QantasLink brand (since 2002)
• Jetstar Airways (since May-2004)
• Network Aviation (since Feb-2011)
• Express Freighters Australia
• Jetstar Asia (49%, since 2004)
• Jetstar Pacific (30%, since 2007)
• Jetstar Japan (33%, since 2012)
• Fiji Airways (46%)
• Alliance Airlines (19.9%, since 2019)
• Australia Asia Airlines
• Impulse Airlines
• Australian Airlines
• Hazelton
• Kendal

And many other airlines over the decades that were acquired by Qantas?

They certainly have not.

Well that will keep the F100’s flying for Atleast a few years.

It truly is an impressive plan to ensure QF frequent flyers can purchase a seat on an aircraft while making a substantial profit on the standard cost of a ticket vs the cost of the frequent flyer points.

long live Qantas loyalty… the most profitable entity in the group…. How to monetise good will. Amazing

By issuing new shares, QAN is essentially diluting their share holders by increasing the amount of shares outstanding, which effectively reduces share price. However, if the transaction is EPS ( earnings per share) accretive, this will be deemed positive by the market and ultimately increase share price value once the potential cost savings/ efficencies ( * reduced competition) effects are realised.

Tailwheel,
with due respect, half the airlines you have named were not acquired by Qantas.

Is it school holidays again?

It's not exactly a straight one Qantas share for one Alliance share deal. The Scheme Consideration is $4.75 per Alliance share, less any ordinary dividends paid by Alliance between 4 May 2022 and the effective date. If the volume-weighted average price of Qantas shares is above $4.75 on the effective date, Alliance shareholders will get less than one Qantas share for each of their shares; if QAN is trading under $4.75 then Alliance shareholders get more than one Qantas share for each Alliance share.

$4.75 is the effective transaction price for each Alliance share.

Agreed. But that are all within the Qantas "family tree", directly, indirectly or by inheritance.

OK. Weren’t Kendall and Hazeltons acquired by Ansett, were caught up in Ansett’s demise and then acquired from the Receivers by the Singaporean to form Rex?
That is why they have Saabs and not Dash 8s.
You also missed Southern Airlines and ARAQ in your list.

The only other nitpick is that I don’t think Qf Freight ever owned aircraft or employed pilots. It was a business that contracted lease aircraft, and freight space on aircraft to move its freight around the world. Still does.

Plus Impules airlines IS Jetstar, and Australia Asia was just a paper airline operating a Qantas 747SP with Qatas crew to get around Chinese anger at recognising Taiwan.

And the employees at Australian Airlines that is now rhe domestic arm of QF mainline would be just fine with their lot, I would think.

Australian Asia also operated a B767-300 in their colours after the SPs were sold.

Absolutely to your second sentence.

Also the former Impulse pilots were very pleased to come off their previous employment contracts with Gerry to become full time employees. IIRC.

Not to mention going from being 717 pilots in an airline with a very iffy future to the most senior pilots in a Qantas backed A320/787 operation. I'm not saying this in ANY type of derogirory way, best of luck to them, but they got one of the biggest leg-ups in local history.

If you are looking for good job security, minor legal accountability, good wages and employment conditions and don't like working under bullying or intimidatory regimes then DO NOT repeat DO NOT enter the aviation industry that is unless you like wearing a uniform to air shows.
If you seek the above, suggest you head for the rail industry.

Hearing rumours of Alliance trying to bring in European pilots on visas to staff the faltering E190 operation….the ink isn’t even dry….

Heard the same (seen an email). Very interesting considering I personally know many pilots who have more than enough hours (but no Ejet rating) that applied 6 months ago and still havent heard anything.

One would hope the unions will step up and make noise that Alliance is importing pilots when theres many Australian pilots availble and out of work.

I know of type rated, Australian based pilots who have yet to get as much as an interview...

They probably haven’t been given an interview because Alliance knows they wont work as an E-Jet FO for $76,000 a year as proposed.

Given the award for a ejet FO is in the vicinity of 103k, I find it had to believe that Alliance could legally offer that…..

Nope he's right. Just saw the email from the recruiter, 3600GBP per month for FOs. They're after 15 Captains and 15 FOs, look to be targeting Brits.

Yeah because an aviation operator with form in underpayment and poor conditions has never tried to circumvent the award in this country.
Please, direct me to the fainting couch.

Is there a pilot shortage here or something?

I have also seen said email. They can offer whatever they want, however they must still abide by minimum wages set by fair work. They can try and pay less but will end up in court.

Could one of you guys please post the job ad?

only fair if this is happening that the industry is aware.

N

I see a few hoops to jump through and even then…

First they need some takers, to live in the NT on that salary having moved from UK.

They need visas to work in Australia, issues just there.

The salary on offer may not meet FWC requirements.

They will need either licence conversion or certificate of validation.

Once all those issues have been sorted, they are talking about 15 crews. That would be about 10% of their crew requirement.

On top of that, they would have to provide proof they need them above Australians. E190 is not a new type Although I think Rex did this with SA on the SAAB few yrs back.

Qantas forced NJS pilots to relocate from Darwin when they closed their Darwin base (after 30 years of operation). These people were long term Territorians with homes, families and kids in school who would have stayed for the rest of their careers.

If QF can’t crew flights from Darwin it’s their own fault completely.

https://cimg0.ibsrv.net/gimg/pprune....a489d744fd.jpg

The industry in this country never ceases to amaze me. Appalling that they can get away with this type of rubbish.

The free serviced apartment, Staff travel with QF and a touring roster with 14 days off is very attractive as an Australian!

Is that in your EA!

Normally B scalers get lesser conditions, the pay works out to the modern award rate assuming they are talking take home pay circa 76KAUD.

Dick Smith
 

Dick Smith is this something that interests you to follow up?

I know you were vocal a few years ago on 457 visas coming to aus.


cheers

3 assertions in the first sentence, and you’re wrong - on all 3 occasions. Have you considered a political career?

Its people like you who not only don’t think this offer is a disgrace, on a few different levels, but is something to be grateful for (i.e. You’d accept this) that see us were we are in this industry today.

I really don’t know how you live with yourself. (Unless you’re management, in which case, you’re totally used to this level of scum-baggery)

The position listing states;
Serviced apartment provided at home base
56/14 Rotation with concessional commuting flights to UK (LHR) on QANTAS

I assumed this offer is undermining those already at QQ on the 190. Personally have no idea what their agreement terms are, so yes this is an assumption on my behalf, and a mild attempt at ironic commentary given how many highly experienced redundant pilots are looking for work in Australia.

I'm sure they are. However I think the employees of "QF mainline" (QF pre merger) should be the happy ones. Domestic has been far more profitable than international since the merger. I CBA to add it up but the differences in returns between domestic and international would be orders of magnitude different. If QF was still international only, given the last few years, there's a good chance it wouldn't still be here.

Who do you pay tax to in these international FIFO arrangements? Is the housing & flights considered a fringe benefit?
Historically the ATO has usually frown upon these type of arrangements and made it difficult.

I wonder if it's a free serviced apartment or they'll just ensure they have one available for you to rent at their rates?
Staff travel for the international bit to and from London will be down the back as all the comfy seats are long gone by the time the upgrades get to staff with anything less than an executive level upgrade category.

Yeah it would be one hell of a commute.

And surely mainline QF staff won't allow them to travel on confirmed tickets to and from london ahead of staff travellers (ie WB pilots and their families)