Booney wrote:Jim05 wrote:Booney wrote:Jim05 wrote:Definitely on the cards. Either way I’m probably going to lose a stack of cash and points on them but we definitely need a second airline to keep QF honest. Who knows it could come out as an Australian owned airline at the end of this
Can't see the gubinment wanting to be the owner of an airline, particularly one that is about to cull jobs left right and centre leaving hundreds, potentially thousands, unemployed.
If it goes into administration and most of the debt gets wiped and the shareholders are punted out I can see the government investing in it for a song.
Could pick it up very cheap and make dome decent money out of it
Bigger fish to fry.
16,000 employed directly which could cost the government $900m in termination payments plus many more thousands that will be lining up at Centrelink for Jobseeker payments. The government keeps saying it will be domestic travel that kickstarts our recovery but how does that happen under a QF monopoly?
Freight prices will soar, trust me on that they are licking their lips.
Government travel costs will also increase by conservative estimates of $200m a year.
I’m not saying they should be 100% government owned at all but if a PE firm or another airline buys VA but needs some assistance to get up and running I wouldn’t be opposed to them chipping in a few hundred million like the QLD and NSW state governments are proposing to.