Alan Joyce has no answers to the problems facing Qantas, especially those he caused and inflicted on it.
The same criticism can be made of the board, and its chairman Leigh Clifford. None of them have demonstrated the slightest capacity to solve its external or self inflicted wounds, and it is the latter which may have wasted as much as a billion dollars in misused assets and futile promises.
Two Australian Antarctic Division Squirrels: AAD photo
The three people injured in a helicopter incident 150 nautical miles from Australia’s David Station in Antarctica have been rescued in an operation that plucked them to safety in a break in deteriorating weather conditions.
An objection by shareholder activist and Crikey founder Stephen Mayne to the manner in which Virgin Australia is conducting its $350 million capital raising has been in effect rejected by the Takeovers Panel.
The Virgin pilot union (VIPA) has come down on the side of management in its dispute with Qantas over capital raisings, just as the PM Tony Abbott expressed some uncertainty in interviews today as to what exactly Qantas CEO Alan Joyce wants and whether or not there is a Qantas proposal before government.
Australian Antarctic Division Squirrel cargo net check: AAD photo
While the three people injured in a helicopter incident in Antarctica yesterday are stable and well sheltered from the elements, the remoteness of everything in the ice continent when things go wrong is once again made obvious.
After four days of posturing by Qantas over Virgin Australia’s right to compete against it the row seems headed for a strategic draw.
If Virgin Australia gets the same debt guarantees that Qantas is seeking there will be no government supplied advantage to either carrier, and it will come down to how well each airline group is managed as well as which has the better value to offer their customers.
Virgin Australia CEO John Borghetti at its recent AGM
Did the previous Labor government do a secret deal with Qantas before Virgin Australia’s $350 million capital raising to prevent it being downgraded by investment ratings agencies?
In an open letter to Government released this afternoon Virgin Australia CEO John Borghetti raises media reports that the Labor in August had offered the “comfort letters to Qantas’s credit rating agencies, prior to our capital raising.”
A reporter since November 30, 1960, Ben Sandilands looks at what really matters up in the sky: public administration of air transport and its safety, the accountability of the carriers, and space for everyone’s knees.