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Qantas buys Alliance

Old 6th May 2022, 05:58
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Originally Posted by parishiltons View Post
Joyce is not spending real money. The transaction is funded by issuing new Qantas shares and exchanging them for Alliance shares.
I sort of get what you are saying
In reality does it cost QF $0 to buy out QQ ?
Assuming QF net worth goes up by whatever QQ is worth, they could therefore issue a bunch of new QF shares to an equivalent value to ex QQ shareholders

Nooooo this can't be right....
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Old 6th May 2022, 07:44
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Originally Posted by Deano969 View Post
I sort of get what you are saying
In reality does it cost QF $0 to buy out QQ ?
Assuming QF net worth goes up by whatever QQ is worth, they could therefore issue a bunch of new QF shares to an equivalent value to ex QQ shareholders

Nooooo this can't be right....
Have a look at the Scheme of Arrangement. Qantas will issue new shares and give Alliance shareholders one new Qantas share for each of their Alliance shares, which will then be cancelled. So the dollar cost to Qantas is only the cost of their transaction advisers, lawyers etc who will make some millions out of it. How the market reacts and whether it reprices/revalues Qantas shares we will see in good time.
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Old 6th May 2022, 07:50
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Qantas had been approve by the ACCC and that is great move jobs
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Old 6th May 2022, 08:18
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1 June 1987 - 5 May 2022. Just short of 35 years before yet another Australian airline gets 'acquired' and will ultimately disappear into the annals of Australian aviation history.

Probably inevitable...........

"Qantas had been approve by the ACCC and that is great move jobs"
Have you asked the employees and aircrew of the following present and past airlines whether they benefited by their employer airline being acquired by Qantas?
  • Qantas Freight (since 2001)
  • Jetconnect (since 11-Jun-2001)
  • Eastern Australia Airlines and Sunstate Airlines, operating under the QantasLink brand (since 2002)
  • Jetstar Airways (since May-2004)
  • Network Aviation (since Feb-2011)
  • Express Freighters Australia
  • Jetstar Asia (49%, since 2004)
  • Jetstar Pacific (30%, since 2007)
  • Jetstar Japan (33%, since 2012)
  • Fiji Airways (46%)
  • Alliance Airlines (19.9%, since 2019)
  • Australia Asia Airlines
  • Impulse Airlines
  • Australian Airlines
  • Hazelton
  • Kendal
And many other airlines over the decades that were acquired by Qantas?

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Old 6th May 2022, 08:39
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Originally Posted by Johnny Mathes View Post
Qantas had been approve by the ACCC and that is great move jobs
They certainly have not.
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Old 6th May 2022, 09:30
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Well that will keep the F100’s flying for Atleast a few years.

It truly is an impressive plan to ensure QF frequent flyers can purchase a seat on an aircraft while making a substantial profit on the standard cost of a ticket vs the cost of the frequent flyer points.

long live Qantas loyalty… the most profitable entity in the group…. How to monetise good will. Amazing
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Old 6th May 2022, 11:01
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By issuing new shares, QAN is essentially diluting their share holders by increasing the amount of shares outstanding, which effectively reduces share price. However, if the transaction is EPS ( earnings per share) accretive, this will be deemed positive by the market and ultimately increase share price value once the potential cost savings/ efficencies ( * reduced competition) effects are realised.
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Old 6th May 2022, 21:03
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Originally Posted by tail wheel View Post
1 June 1987 - 5 May 2022. Just short of 35 years before yet another Australian airline gets 'acquired' and will ultimately disappear into the annals of Australian aviation history.

Probably inevitable...........



Have you asked the employees and aircrew of the following present and past airlines whether they benefited by their employer airline being acquired by Qantas?
  • Qantas Freight (since 2001)
  • Jetconnect (since 11-Jun-2001)
  • Eastern Australia Airlines and Sunstate Airlines, operating under the QantasLink brand (since 2002)
  • Jetstar Airways (since May-2004)
  • Network Aviation (since Feb-2011)
  • Express Freighters Australia
  • Jetstar Asia (49%, since 2004)
  • Jetstar Pacific (30%, since 2007)
  • Jetstar Japan (33%, since 2012)
  • Fiji Airways (46%)
  • Alliance Airlines (19.9%, since 2019)
  • Australia Asia Airlines
  • Impulse Airlines
  • Australian Airlines
  • Hazelton
  • Kendal
And many other airlines over the decades that were acquired by Qantas?

Tailwheel,
with due respect, half the airlines you have named were not acquired by Qantas.
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Old 6th May 2022, 21:56
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Is it school holidays again?
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Old 7th May 2022, 00:56
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Originally Posted by parishiltons View Post
Have a look at the Scheme of Arrangement. Qantas will issue new shares and give Alliance shareholders one new Qantas share for each of their Alliance shares, which will then be cancelled. ...
It's not exactly a straight one Qantas share for one Alliance share deal. The Scheme Consideration is $4.75 per Alliance share, less any ordinary dividends paid by Alliance between 4 May 2022 and the effective date. If the volume-weighted average price of Qantas shares is above $4.75 on the effective date, Alliance shareholders will get less than one Qantas share for each of their shares; if QAN is trading under $4.75 then Alliance shareholders get more than one Qantas share for each Alliance share.

$4.75 is the effective transaction price for each Alliance share.
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Old 7th May 2022, 19:05
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Tailwheel,
with due respect, half the airlines you have named were not acquired by Qantas.
Agreed. But that are all within the Qantas "family tree", directly, indirectly or by inheritance.
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Old 7th May 2022, 20:12
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Originally Posted by tail wheel View Post
Agreed. But that are all within the Qantas "family tree", directly, indirectly or by inheritance.
OK. Weren’t Kendall and Hazeltons acquired by Ansett, were caught up in Ansett’s demise and then acquired from the Receivers by the Singaporean to form Rex?
That is why they have Saabs and not Dash 8s.
You also missed Southern Airlines and ARAQ in your list.

The only other nitpick is that I don’t think Qf Freight ever owned aircraft or employed pilots. It was a business that contracted lease aircraft, and freight space on aircraft to move its freight around the world. Still does.

Last edited by wombat watcher; 7th May 2022 at 21:19.
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Old 7th May 2022, 22:01
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Originally Posted by wombat watcher View Post
OK. Weren’t Kendall and Hazeltons acquired by Ansett, were caught up in Ansett’s demise and then acquired from the Receivers by the Singaporean to form Rex?
That is why they have Saabs and not Dash 8s.
You also missed Southern Airlines and ARAQ in your list.

The only other nitpick is that I don’t think Qf Freight ever owned aircraft or employed pilots. It was a business that contracted lease aircraft, and freight space on aircraft to move its freight around the world. Still does.
Plus Impules airlines IS Jetstar, and Australia Asia was just a paper airline operating a Qantas 747SP with Qatas crew to get around Chinese anger at recognising Taiwan.

And the employees at Australian Airlines that is now rhe domestic arm of QF mainline would be just fine with their lot, I would think.
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Old 7th May 2022, 22:17
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Originally Posted by Wizofoz View Post
Plus Impules airlines IS Jetstar, and Australia Asia was just a paper airline operating a Qantas 747SP with Qatas crew to get around Chinese anger at recognising Taiwan.

And the employees at Australian Airlines that is now rhe domestic arm of QF mainline would be just fine with their lot, I would think.

Australian Asia also operated a B767-300 in their colours after the SPs were sold.

Absolutely to your second sentence.

Also the former Impulse pilots were very pleased to come off their previous employment contracts with Gerry to become full time employees. IIRC.
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Old 8th May 2022, 02:28
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Originally Posted by wombat watcher View Post

Also the former Impulse pilots were very pleased to come off their previous employment contracts with Gerry to become full time employees. IIRC.
Not to mention going from being 717 pilots in an airline with a very iffy future to the most senior pilots in a Qantas backed A320/787 operation. I'm not saying this in ANY type of derogirory way, best of luck to them, but they got one of the biggest leg-ups in local history.
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Old 8th May 2022, 05:42
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If you are looking for good job security, minor legal accountability, good wages and employment conditions and don't like working under bullying or intimidatory regimes then DO NOT repeat DO NOT enter the aviation industry that is unless you like wearing a uniform to air shows.
If you seek the above, suggest you head for the rail industry.
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Old 12th May 2022, 01:31
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Hearing rumours of Alliance trying to bring in European pilots on visas to staff the faltering E190 operation….the ink isn’t even dry….
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Old 12th May 2022, 02:37
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Heard the same (seen an email). Very interesting considering I personally know many pilots who have more than enough hours (but no Ejet rating) that applied 6 months ago and still havent heard anything.

One would hope the unions will step up and make noise that Alliance is importing pilots when theres many Australian pilots availble and out of work.
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Old 12th May 2022, 03:17
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Originally Posted by BO0M View Post
Heard the same (seen an email). Very interesting considering I personally know many pilots who have more than enough hours (but no Ejet rating) that applied 6 months ago and still havent heard anything.

One would hope the unions will step up and make noise that Alliance is importing pilots when theres many Australian pilots availble and out of work.
I know of type rated, Australian based pilots who have yet to get as much as an interview...
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Old 12th May 2022, 03:24
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Originally Posted by WannaBeBiggles View Post
I know of type rated, Australian based pilots who have yet to get as much as an interview...
They probably haven’t been given an interview because Alliance knows they wont work as an E-Jet FO for $76,000 a year as proposed.
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