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Thread: Another narrow escape

  1. #1
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    Default Another narrow escape

    Once upon a time, there was talk of merging the 2 national carriers SIA and Qantas. The idea was scrapped by OZ though SG was keen. Soon after, Qantas dropped Singapore as its overseas hub; joined Emirates alliance and moved its hub to Dubai. So after Qantas did all that, what happened?

    Whew.

    A lucky escape for SG. Singapore must have some guardian angel protecting it from its own foolishness (of wanting to merge with Qantas once upon a time).

    Qantas to cut 1,000 jobs and report loss of up to $300 million for first half of financial year

    Qantas shares hit record low, days after the airline's credit rating was downgraded to "junk" status
    Last edited by ricohflex; 15th December 2013 at 09:14 PM.

  2. #2

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    How to trust aussies in doing business?

    Like how they describe the land of Australia; "Big and Empty". It also applies the Australian ppl

  3. #3
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    Default Re: Another narrow escape

    Quote Originally Posted by ricohflex View Post
    Once upon a time, there was talk of merging the 2 national carriers SIA and Qantas. The idea was scrapped by OZ though SG was keen. Soon after, Qantas dropped Singapore as its overseas hub; joined Emirates alliance and moved its hub to Dubai. So after Qantas did all that, what happened?

    Whew.

    A lucky escape for SG. Singapore must have some guardian angel protecting it from its own foolishness (of wanting to merge with Qantas once upon a time).

    http://www.abc.net.au/news/2013-12-0...illion/5136364

    http://www.abc.net.au/news/2013-12-1...rd-low/5147518
    Ya lah, what is LKY for. He is the guardian angel. LOL

  4. #4
    Senior Member Sion's Avatar
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    Default Re: Another narrow escape

    Last edited by Sion; 15th December 2013 at 08:32 PM.

  5. #5
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    Default Re: Another narrow escape

    Amazingly, some one even wrote a book about it. The book has been on sale for some time now.





    The CEO took a multi-million bonus on top of a multi-million yearly pay.
    The $5 million man: Qantas boss Alan Joyce booed over sky-high payrise


    When Qantas is failing, it steps up campaign for taxpayer assistance.
    Qantas wants OZ government to bail it out, just like what Italy did for Alitalia; and India did for Air India.
    But new OZ PM tells Qantas management to take responsibility for the airline. Correct.

    Qantas has to fight its own battles, Tony Abbott says
    Last edited by ricohflex; 16th December 2013 at 07:28 PM.

  6. #6
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    Default Re: Another narrow escape

    Another rating agency calls it junk.

    Think Qantas made a terrible mistake joining the Emirates alliance and accepting Dubai as its new hub.

    http://www.smh.com.au/business/moody...109-30kdq.html

  7. #7
    Moderator Octarine's Avatar
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    Default Re: Another narrow escape

    Quote Originally Posted by donut88 View Post
    How to trust aussies in doing business?
    Like how they describe the land of Australia; "Big and Empty". It also applies the Australian ppl
    Congratulations to such a profound and thorough analysis of an entire continent ... Is that Singapore education?
    Last edited by Octarine; 10th January 2014 at 10:17 AM.
    EOS

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