'QANTAS is hamstrung by the Sales Act and by taxation. How can you ask an Australian company, that is exposed to foreign competition,
How quickly we forget. After Ansett collapsed, Qantas had a virtual monopoly on Australian domestic routes. One would like to think that this was a golden opportunity. The question I would ask is, how could they possibly squander that opportunity, and now find themselves beholden to a foreign owned competitor? Clearly, somebody dropped the ball.
They currently have over $2 billion in cash, so are not at risk of trading while insolvent, or are they? Ansett had $1 billion in cash, about eight months before it imploded.
Virgin biggest shareholders are other airlines. Qantas' biggest holders include the CBA, NAB, and Westpac, with 456 million shares, or 20.51%. No other airlines. Why is that?
All the talk of buyouts and shifting the deck chairs around will come to nought unless somebody with a bit of management expertise takes serious charge. Now.
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