QF to remain majority Australian after the Senate forces changes to Lib plan

[moa999]

It might be a separate company but it is still consolidated in the listed Virgin's accounts (due to the control test, despite different shareholders) which I believe absolves the sub

(Note. I'm not an accountant)

 

[lovestotravel]

I'm pretty sure he knows his resignation would have the staff partying in the hallways (and most customers as well i imagine), he's just not that interested in it....

Why would he want to resign ?

He continues to do what the board wants, and was receiving $5 million per year and currently $2.2 million per year

For $6k a day I don't think he cares..........

 

[codash1099]

Don't tell me you're suggesting the OS/Tyrolean scenario...

I think I suggested this as a possible scenario in QF planning in one of the many other threads discussing QF's future. I'd be surprised if it hasn't been thought of.

 

[Himeno]

I think I suggested this as a possible scenario in QF planning in one of the many other threads discussing QF's future. I'd be surprised if it hasn't been thought of.

Is that the theory that everything gets slowly handed to JQ before QF shuts down, then rebrand JQ to Qantas while claiming the QSA doesn't apply to them?

 

[medhead]

I'm pretty sure he knows his resignation would have the staff partying in the hallways (and most customers as well i imagine), he's just not that interested in it....

I think that supports my point. he doesn't know how to [-]improve morale[/-] resign.

 

[TomVexille]

I think I suggested this as a possible scenario in QF planning in one of the many other threads discussing QF's future. I'd be surprised if it hasn't been thought of.

Yeah, I know I've mentioned it once or twice, and I've seen a couple others mention it as well.

 

[MarcB]

The QSA has passed both houses. The following two "mandatory provisions of the articles of association" have now been removed:

(aa) impose restrictions on the issue and ownership (including joint ownership) of shares in Qantas so as to prevent foreign airlines having relevant interests in shares in Qantas that represent, in total, more than 35% of the total value of the issued share capital of Qantas; and
(b) impose restrictions on the issue and ownership (including joint ownership) of shares in Qantas so as to prevent any one foreign person having relevant interests in shares in Qantas that represent more than 25% of the total value of the issued share capital of Qantas;

 

[Sprucegoose]

Of course the elephant in the room here is maintenance.

It now will continue to still have to be performed with the majority on Oz.

With the resultant higher relative costs. Depends what side of the fence are you on.

Bring on newer aircraft