Emirates Rules Out Stake in Qantas
Jul 21, 2014, 3:09 pm
#1
Original Poster
Join Date: Jan 2014
Location: SAN/LAX
Programs: UA Gold, VX Silver, HH Gold, Hyatt Gold, JPM Palladium
Posts: 627
Emirates Rules Out Stake in Qantas
I looked and don't think that I saw anything mentioned here or in the QF forum.
Last week, the Australian government relaxed Qantas' foreign ownership restrictions.
While Etihad has invested in a number of other airline, Emirates has confirmed that it is not looking to buy a stake in Qantas.
http://www.businesstraveller.com/new...t-qantas-stake
Last week, the Australian government relaxed Qantas' foreign ownership restrictions.
While Etihad has invested in a number of other airline, Emirates has confirmed that it is not looking to buy a stake in Qantas.
http://www.businesstraveller.com/new...t-qantas-stake
Jul 22, 2014, 12:39 am
#3
Join Date: Apr 2009
Programs: BA, bmi, USAir, Aeroplan, AirBerlin, Marriott, SolMeliaMas, BAAWorldpoints
Posts: 793
When rumours that British Airways wanted to increase its holding in Qantas began circulating, there was considerable hostility to this in Australia. Perhaps potential foreign investors are wary of this Australian economic nationalism when it comes to the country's national airline.
Jul 22, 2014, 2:44 am
#4
Join Date: Oct 2011
Posts: 444
When rumours that British Airways wanted to increase its holding in Qantas began circulating, there was considerable hostility to this in Australia. Perhaps potential foreign investors are wary of this Australian economic nationalism when it comes to the country's national airline.
(think Liverpool buying a stake in Man Utd). All jokes aside it is an emotive issue; Qantas is part of the national psyche and DNA.
Jul 22, 2014, 3:30 am
#5
Moderator, Trip Reports
Join Date: Jul 2009
Location: Denver, CO
Programs: UA GS-2MM, Marriott Ambassador
Posts: 3,715
The investment issue still remains as a foreign entity can only own up to 49%. Savvy investors would want control, meaning they would want a board seat, 51% etc etc
Tim Clark is a wily old fox. No way he and the Sheik are going to invest in an airline crippled with labour issues and not be able to do anything about them.
Jul 22, 2014, 3:55 pm
#6
Join Date: Jun 2012
Location: 30,000ft
Programs: EK, BA, EY, SQ, IHG, HH, SPG
Posts: 670
Emirates Rules Out Stake in Qantas
Totally agree. There would be limited benefit of investing vs the current arrangement except you would own an equity stake in a business you had no influence over. The only reason EY buys stakes in the airlines it does is because they are distressed and deeply discounted. If anyone wants to know what happens when you buy a minority stake in an airline look at Singapore / Virgin which was a terrible mistake for Singapore.
Jul 23, 2014, 5:37 am
#7
FlyerTalk Evangelist
Join Date: Dec 2004
Location: East Coast
Programs: AA CONCIERGE KEY & 1MM, HILTON DIAMOND
Posts: 11,970