Qantas chief says merger inevitable

[NM]

from news.com.au:

OUTGOING Qantas chief executive Geoff Dixon believes the national carrier will eventually merge with one or more airlines as part of a global trend towards greater consolidation in the aviation sector.

 

[JohnK]

Does anyone believe that Geoff Dixon has been involved or had some effect in one way or another on the recent talks of a merger between QF and BA?

 

[Standby]

Does anyone believe that Geoff Dixon has been involved or had some effect in one way or another on the recent talks of a merger between QF and BA?

He is staying on as a "Consultant" til Mar 09..that shud have the deal
well down the track by then

 

[BAM1748]

Here is an idea I just had, what if we find a merchant bank to lend Q a large amount of money, pay all the directors a hefty bonus.

Both CEOs know each other as friends I would think from their history and origins.

This one could be harder to stop than the previous bid.

Be smarter for Q to aquire a poor performing airline with potential and fix it up.

But hey, what do I know I don't have any Q share bonus schemes to worry about.

 

[NM]

Does anyone believe that Geoff Dixon has been involved or had some effect in one way or another on the recent talks of a merger between QF and BA?

It may be a little too cynical to ponder if the boost in QF's share price after this news hit the industry/media may have an impact on the previous CEO's final package .

 

[BAM1748]

It may be a little too cynical to ponder if the boost in QF's share price after this news hit the industry/media may have an impact on the previous CEO's final package .

A quick look in the 07 (to hand) annual report show Mr Dixon having 1,742,821 shares.

A 12 cent move as it was in the last 24 hours is $209,138.52 increase to Mr Dixon.

Please, call me a cynic.

 

[BAM1748]

Just asked around the office, someone said he now has 3,422,550 shares as he got extras as part of his recent renumeration.

So a 12 cent move is $410,706 improvement for Mr Dixon.

I'm now a confirmed cynic.

 

[coco50]

Regardless of CEO remuneration, yesterday's announcement is interesting. What is the status of the BA - AA - IB merger which was major news when I was in Spain in September this year? Will there be a super carrier made up of BA, QF, AA and IB?

 

[JohnK]

It may be a little too cynical to ponder if the boost in QF's share price after this news hit the industry/media may have an impact on the previous CEO's final package .

I was just being curious that he has been an advocate on some sort of merger for QF and just before he is due to leave there are rumours of discussions with BA. May well be pure coincedence but then again maybe not....

 

[straitman]

Having worked for BIG business for many years now I have to say that nothing surprises me any more.

I honestly believe that the timing of the current merger announcement was not a coincidence at all. More to the point it would be a carefully planned time line to ensure the most benefit.

These people are only human and in most cases power hungry and greedy humans :!:

 

[Hvr]

Qantas ends BA merger talks

Breaking news. What next I wonder?

Qantas ends BA merger talks

December 18, 2008 - 5:56PM
Update Qantas says its talks on a possible merger with British Airways have failed after the two airlines failed to settle on terms of the pact.

''Despite the potential longer term benefits for Qantas and BA, the airlines have not been able to come to an agreement over the key terms of the merger, at this time,'' Qantas said in a statement.
Qantas and BA will continue to work together on their joint business between Australia and the UK and as part of the oneworld alliance, Qantas said.