Some great posting on this thread today. Just a few points...

Some great posting on this thread today.

Just a few points though, a foreign T/O of an Australian carrier wont happen on market due to the highly complex and regulated nature of the business. How many times has the ACCC knocked back anything aviation that puts a dent in QANTAS. So imo no T/O.

REX and VBA are good suitors and again it would come to the feet of the regulators, but imo would have a better chance than a VBA takeover from an Asian carrier. I have become bullish on REX recently and the threads there are bare !

QAN is holding up well due to the fact that the company is a business outside of flying passengers. QANTAS recent deal with Lufthansa Technik for engine repair and overhaul as well as its venture with MAS in Malaysia for a maintenance depot provides them with revenue from other airlines without competing, via 3rd party maintenance that allows them to reduce their own costs with economies of scale. Also QANTAS servicess military aircraft (Hercules) at Richmond and from memory a large chunck of catering.

Bacchus