re: press conference in singapore It is only a small investment in Qantas terms and has two powerful Singapore businessmen involved. They will ensure the Singapore government, which is subject to influence, is influenced to encourage this new company. Singapore businessmen are extremely hardnosed. This is not a molly coddled accountant investment (ie NAB with Homeside).
The routes do not compete with Qantas but can be fed from Qantas allowing the company too become a more powerful regional force. Not being tied to Australia, labour costs will be very low.
The risk is that it does not make money. Oh well, sell the planes back. There will not be huge losses. I am confident that this will be a highly profitable niche operator.
I was worried about what Geoff Dixon was going to do but now I see the detail I have become quite relaxed about it.
The real risk with Qantas is how their new budget airline in Australia pans out.
re: press conference in singapore It is only a small investment...
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