QF loses control of FJ

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And with Bananarama(spelt as I see it) in control it quite probably means the end of QF codeshares.He really doesn't like Australia.
 
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I wouldn’t have thought the Jetstar operation was that big of a challenge, but I’m sure Qantas will be pointing out that it can be if they would like to continue down this road. Extra services and perhaps an A330 and Air Pacific will really be feeling the squeeze. As it stands, Air Pacific has rebounded recently, presumably from Qantas’ help… though I’d love to know who’s idea it was to serve Gosspis in J… :p
 
With another govt effectively seizing control of partowned Aust assets, I would hope the Aust Govt will withdraw Air Pacific's landing rights into Australian ports.

Matt
 
BAM1748 said:
With another govt effectively seizing control of partowned Aust assets, I would hope the Aust Govt will withdraw Air Pacific's landing rights into Australian ports.

Matt
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That's a slightly bigger knee-jerk than me, but I did think somewhere along those lines…

However they haven’t taken away their assets, they’ve just taken away some of the rights associated with the assets, the veto actions. If they’d taken their shares I think what you’d propose would be acceptable. Or certainly the threat of that or similar action.

FWIW I don’t see an issue with the military control of Fiji other than Democracy is generally a better solution. But with time they’ll get more and more power hungry and screw up more and more things. I’m sure all it takes is one person to be upset with an arrangement to get them involved.
 
Qantas havent been able to give away the ownership, let alone sell back the 47%. If they walked away and completely wrote off the 47%, FJ would be in a very difficult position.

I suspect if it comes to it and QF lose any day-to-day control, they'll either try and negotiate a payout from the FJ "government" and or allow FJ to go under as they cant keep pumping money into it. The risk in that is that the FJ government start denying traffic rights to JQ/QF as payback for letting FJ fail.


Nice mess. And a major distraction when AJ should be fixing QFi.
 
docjames said:
Qantas havent been able to give away the ownership, let alone sell back the 47%. If they walked away and completely wrote off the 47%, FJ would be in a very difficult position.

I suspect if it comes to it and QF lose any day-to-day control, they'll either try and negotiate a payout from the FJ "government" and or allow FJ to go under as they cant keep pumping money into it. The risk in that is that the FJ government start denying traffic rights to JQ/QF as payback for letting FJ fail.


Nice mess. And a major distraction when AJ should be fixing QFi.
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Maybe china will buy it. They seem to buy anything these days.
 
samh004 said:
That's a slightly bigger knee-jerk than me, but I did think somewhere along those lines…

However they haven’t taken away their assets, they’ve just taken away some of the rights associated with the assets, the veto actions. If they’d taken their shares I think what you’d propose would be acceptable. Or certainly the threat of that or similar action.

FWIW I don’t see an issue with the military control of Fiji other than Democracy is generally a better solution. But with time they’ll get more and more power hungry and screw up more and more things. I’m sure all it takes is one person to be upset with an arrangement to get them involved.
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This effectively makes QF assets worthless, who would buy them?
 
I have an award ticket from CDG-SYD (via LAX) which has two legs on FJ (via NAN and BNE). It was booked in November 2011 and is confirmed but still not ticketed. I wonder if I could have a route change coming up if QF-FJ relations continue to sour?
 
grussellt said:
I have an award ticket from CDG-SYD (via LAX) which has two legs on FJ (via NAN and BNE). It was booked in November 2011 and is confirmed but still not ticketed. I wonder if I could have a route change coming up if QF-FJ relations continue to sour?
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When is the flight? Might not be a concern in the next couple of weeks, but if 3 months away it might be worth the call to the service desk.
 
Oh I hope we don't loose status credits earning on FJ. I won't make Platinum and will struggle to make Gold with all my flights in the next 12 months to or via Fiji. Lets hope Qantas stays in the game for as long as they can. I think it is still in QF long term interests to hold onto FJ as much as they can (even tho it has not been a great investment). FJ needs the corporate governance and safety training and programs that QF can resource the board members from QF one would think would be a great asset to the ongoing operations of the airline and of it's ongoing viability. I don't understand this move really, when the Fiji Gov't has 51% share already, what does a government know about running an airline to make a stand against a significant share holder and a professional operator ? Qantas is not Australian Government owned and is a stock listed company.
 
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