If Qantas is going down the toilet why should tax payers money be given to prop it up. If Qantas is inefficient let it collapse. There will be players that shall move into the void. The aviation industry will not collapse. It will be restructured.
If there is a buyer that is looking for at buying Qantas it would be better that Qantas goes into administration. This way when the business is restructured the new owners do not have to honor any union contracts and loss making sectors will either be sold or shut down. There will be pain as jobs will be lost but the new emerged Qantas (if its still called Qantas) will be more efficient. May mean a crap time for shareholders.
Currently all this talk of Union Vs AJ both has their positives and negatives. Both sides have their reason. Just depends in your personal view to whom you see as correct. Looks like the only way to resolve the situation permanently is to have administrators come in and press the "refresh" button.
QAN Price at posting:
$1.06 Sentiment: None Disclosure: Not Held
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