So which Asian carrier is Qantas buying?!!.
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Qantas being taken over has definitely taken the backseat with this announcement!
Any one with the inside word on who Qantas is buying into?
Interestingly they have ruled out franchising out the brand already so we won't be seeing a Qantas Asia brand...
Qantas to invest in Asian carrier
By AAP and staff writers
January 23, 2007 03:27pm
QANTAS Airways said today that it plans to invest a double-digit million-dollar sum in an Asian carrier by the end of June.
"We are very close to announcing a substantial investment in the region,'' Qantas chief financial officer Peter Gregg said at an aviation conference in Singapore today.
"We are in talks with a carrier and there will be an announcement in the next few weeks.
"We don't intend to license our brand, we intend to take ownership,'' he added, without naming the target carrier.
seriously though, is it safe to rule out the star alliance airlines? and perhaps for the level of investment they are touting probably the large full service / govt carriers as well?
Maybe it is Air Asia (GULP!).... Been a bit of news about them and Jetstar Asia recently... Interesting they say 'take ownership' does that mean control? or combining with another group to do so?
Very interesting - John K should start a competition to guess the airline they are buying into!
Last edited by jakeseven7; 23rd January 2007 at 11:03 PM.
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Re: So which Asian carrier is Qantas buying?!!
Air Asia would be my first pick, although being based in Malaysia (and having Govt ownership?) could make that investment tricky.
Tiger would actually be higher in my list than Air Asia, but I can see big issues with Singapore Airlines in that equation.
I'm sure it will be a low cost carrier in Asia that flies numerous routes within Asia and possibly to Australia. It won't be a one route wonder or someone like Oasis. I can't see Qantas associating with an accident prone carrier either...
I'm sure it will be a low cost carrier in Asia that flies numerous routes within Asia and possibly to Australia. It won't be a one route wonder or someone like Oasis. I can't see Qantas associating with an accident prone carrier either...
That certainly narrows it down in Asia Cross out all the Indonesian carriers
Oh, i wasn't aware or even thinking about think like foreign ownership laws, thats a good point !
I think the KL connection is just chance, i think they see Jetstar could make money out of it and i agree, its a route with decent numbers and growing but no mainline QF service as yet.
Really got me thinking now, has to be small for the money involved, then again somebody with new lease only fleet it may be larger than we think. (If you only lease planes and down own any, or checkin facilities etc then you could be reasonably large without costing too much)
Member of: Qantas, Thai, Air New Zealand, AA, Asiana
Posts: 499
Re: So which Asian carrier is Qantas buying?!!
Quote:
Originally Posted by jakeseven7
That certainly narrows it down in Asia Cross out all the Indonesian carriers
Well last year they were talking about Adam Air to get around the Indonesian restictions on budget airlines flying into their country....
They could re-brand the airline but I would suggest that they avoid DeathStar....
Ignore the above as I actually readn, not scanned the article....Adam Air is out.
Last edited by Altair; 24th January 2007 at 09:15 AM.
DJ wouldn't like that lol
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