TAA/Australian merger with Qantas
94873,
The owner of both airlines,the Australian government decided that they should be merged. One was a private company where the govt owned the shares and the other was run by a commission. The govt gave Qantas the money to sort out the Australian finances as well as its own, and the entity was called Qantas Airways Ltd and then listed on the stock exchange after parcels of shares where sold to British Airways and others.
The owner of both airlines,the Australian government decided that they should be merged. One was a private company where the govt owned the shares and the other was run by a commission. The govt gave Qantas the money to sort out the Australian finances as well as its own, and the entity was called Qantas Airways Ltd and then listed on the stock exchange after parcels of shares where sold to British Airways and others.
..And the young bloke who set the ball rolling was Robin Hocking whose untimely death at age 32 from cancer deprived Australia of a great economist.
"Some economic aspects of Australia's two airline policy" by Robin Hocking.
Some economic aspects of Australia's two airline policy / by Robin Hocking. - Version details - Trove
He was a great friend and I was glad to have helped him as one of his deep background sources.
In those days of the Two airline policy, TAA was a sheltered workshop and Ansett not much better. Who can forget the daily ritual of the boozy lunches at Macs where the middle managers and their cronies of both airlines conspired together to set prices and service standards. Does anyone remember our alcoholic superannnuation fund manager and the raft of drinkers "let go" when Abeles took over?
Yes, it was fun. They were safe and operationally excellent, but viable, efficient, intensely competitive businesses? No.
"Some economic aspects of Australia's two airline policy" by Robin Hocking.
Some economic aspects of Australia's two airline policy / by Robin Hocking. - Version details - Trove
He was a great friend and I was glad to have helped him as one of his deep background sources.
In those days of the Two airline policy, TAA was a sheltered workshop and Ansett not much better. Who can forget the daily ritual of the boozy lunches at Macs where the middle managers and their cronies of both airlines conspired together to set prices and service standards. Does anyone remember our alcoholic superannnuation fund manager and the raft of drinkers "let go" when Abeles took over?
Yes, it was fun. They were safe and operationally excellent, but viable, efficient, intensely competitive businesses? No.
