Rumour: QF+EK announcement next week.
#271
Join Date: May 2006
Location: Wellington
Programs: QFWP (LTSG), NZ (Jade), TG ROP (Forgotten), OZ (Silver), AA (Cardboard), EK (Lowest of the Low)
Posts: 4,669
Do not forget that when QF was in the process of being privatised the Australian government held talks with SQ, CX and BA on being the key trade shareholder. BA evidently was chosen because they were willing to take 25% stake while SQ was only prepared for 20%.
SQ was later encouraged to invest in NZ/AN and we saw how successful that investment was.
SQ was later encouraged to invest in NZ/AN and we saw how successful that investment was.
#272
Join Date: Dec 2003
Location: Nashvegas
Posts: 867
I may be misremembering, but I thought that SIA never invested in Ansett, and that some (led by Eddington) were of the opinion that that investment, had it been made, would have saved Ansett.
#273
FlyerTalk Evangelist
Join Date: Aug 2002
Location: London
Programs: Mucci. Nothing else matters.
Posts: 38,644
Wikipedia currently says:-
Air New Zealand acquired full ownership of Ansett in February 2000, buying out Newscorp's stake for A$680 million, surpassing Singapore Airlines's A$500 million bid. This essentially merged Ansett and Air New Zealand into one group, entitled "Air New Zealand/Ansett" although both airlines maintained their individual operations. The purchase by Air New Zealand was widely viewed as a mistake. Monash University aviation economics academic Keith Trace commented "... by taking it on, they ensured that their own airline was in terrible danger. That was a dreadful mistake. They were taken for a ride." Ansett became more of a drain than an asset. This was difficult for Air New Zealand to support because Ansett was the larger airline, with more employees, more aircraft, and more financial overhead. Air New Zealand subsequently claimed that due to the rush to beat SIA, it didn't have time to perform proper due diligence.
#274
Join Date: May 2006
Location: Wellington
Programs: QFWP (LTSG), NZ (Jade), TG ROP (Forgotten), OZ (Silver), AA (Cardboard), EK (Lowest of the Low)
Posts: 4,669
Wikipedia battles
Wikipedia currently says:
Singapore Airlines
Also for interest when Air New Zealand was privatised:
airnewzealand.co.nz
The airline purchased 25% of Air New Zealand in 2000. However following the near collapse of Air New Zealand the New Zealand government bought into the airline to rescue it from bankruptcy, reducing Singapore Airlines' stake to 4.5%. This was subsequently sold in October 2004 at a substantial loss.
Also for interest when Air New Zealand was privatised:
In April 1989, the New Zealand Government privatisation of Air New Zealand was completed through the outright sale of the company for NZ$660 million, to a consortium comprising of Brierley Investments, Qantas, Japan Airlines and American Airlines. Air New Zealand shares were listed on the New Zealand Stock Exchange as "A" shares (could only be held by New Zealand nationals) in October 1989 and "B" shares (no restriction on nationality of ownership) in December 1991.
#275
FlyerTalk Evangelist
Join Date: Aug 2002
Location: London
Programs: Mucci. Nothing else matters.
Posts: 38,644
#276
Join Date: May 2006
Location: Wellington
Programs: QFWP (LTSG), NZ (Jade), TG ROP (Forgotten), OZ (Silver), AA (Cardboard), EK (Lowest of the Low)
Posts: 4,669
Yes I was having fun.
SQ at the time could not invest solely into AN as it was a merged entity.
During the troubles I believe there was an attempt to off-load AN to SQ but quite rightly after 9/11 etc and the trouble AN was in they turned it down.
I cannot recall the name of the book but it was about the rise and fall of Ansett, which impacted me when it collapsed.....all for the best now.
#277
Join Date: Jun 2001
Location: Sydney
Programs: QF Platinum
Posts: 835
it will be interesting to see what will happen with the timing of the JQ flights from Darwin and Cairns to Singapore.
If they bring the timing of the flights forward, it will make connections to Europe in Singapore really ordinary.
It is interesting that JQ have quietly introduced an additional DRW-SIN flight on some days.
If they bring the timing of the flights forward, it will make connections to Europe in Singapore really ordinary.
It is interesting that JQ have quietly introduced an additional DRW-SIN flight on some days.
#278
Join Date: Jul 2007
Programs: QFF
Posts: 5,304
There are now 7 submissions on the ACCC site
Consumers' Federation of Australia: "thanks for asking for a submission, no comment"
QF: additional information
Jumpjet Airlines Limited: no
NZ: no to interim approval. reserved on final tieup
DIT: yes to interim approval, advising of main submission later
VA: no to interim approval, feels 10 year tie up is inappropriate, questions some details of QF/EK application, advising of main submission later
SQ: no to interim approval, advising of main submission later
VA, SQ and NZ say that interim approval isn't required for what QF/EK want to do prior to the final decision and are concerned that allowing interim approval would be uncompetitive and let a joint QF/EK team lock out other airlines at the IATA November slot negotiations.
Consumers' Federation of Australia: "thanks for asking for a submission, no comment"
QF: additional information
Jumpjet Airlines Limited: no
NZ: no to interim approval. reserved on final tieup
DIT: yes to interim approval, advising of main submission later
VA: no to interim approval, feels 10 year tie up is inappropriate, questions some details of QF/EK application, advising of main submission later
SQ: no to interim approval, advising of main submission later
VA, SQ and NZ say that interim approval isn't required for what QF/EK want to do prior to the final decision and are concerned that allowing interim approval would be uncompetitive and let a joint QF/EK team lock out other airlines at the IATA November slot negotiations.
#279
Suspended
Join Date: Jul 2007
Posts: 4,477
There are now 7 submissions on the ACCC site
Consumers' Federation of Australia: "thanks for asking for a submission, no comment"
QF: additional information
Jumpjet Airlines Limited: no
NZ: no to interim approval. reserved on final tieup
DIT: yes to interim approval, advising of main submission later
VA: no to interim approval, feels 10 year tie up is inappropriate, questions some details of QF/EK application, advising of main submission later
SQ: no to interim approval, advising of main submission later
VA, SQ and NZ say that interim approval isn't required for what QF/EK want to do prior to the final decision and are concerned that allowing interim approval would be uncompetitive and let a joint QF/EK team lock out other airlines at the IATA November slot negotiations.
Consumers' Federation of Australia: "thanks for asking for a submission, no comment"
QF: additional information
Jumpjet Airlines Limited: no
NZ: no to interim approval. reserved on final tieup
DIT: yes to interim approval, advising of main submission later
VA: no to interim approval, feels 10 year tie up is inappropriate, questions some details of QF/EK application, advising of main submission later
SQ: no to interim approval, advising of main submission later
VA, SQ and NZ say that interim approval isn't required for what QF/EK want to do prior to the final decision and are concerned that allowing interim approval would be uncompetitive and let a joint QF/EK team lock out other airlines at the IATA November slot negotiations.
#280
FlyerTalk Evangelist
Join Date: Aug 2002
Location: London
Programs: Mucci. Nothing else matters.
Posts: 38,644
Is that so? Does SQ only operate between Australia and Singapore? Does SQ not on-carry any passengers to European and other destinations that will in the future be served by the EK/QF alliance via DXB?
#281
FlyerTalk Evangelist
Join Date: Mar 2001
Location: AU
Programs: former Olympic Airways Gold (yeah - still proud of that!)
Posts: 14,401
I say this loosely... but in reality QF isn't that much bigger than NZ in terms of competing to Europe. EK into the mix is huge.
#282
Join Date: Aug 2010
Location: SYD
Programs: QF WP
Posts: 1,799
it will be interesting to see what will happen with the timing of the JQ flights from Darwin and Cairns to Singapore.
If they bring the timing of the flights forward, it will make connections to Europe in Singapore really ordinary.
It is interesting that JQ have quietly introduced an additional DRW-SIN flight on some days.
If they bring the timing of the flights forward, it will make connections to Europe in Singapore really ordinary.
It is interesting that JQ have quietly introduced an additional DRW-SIN flight on some days.
It's a horrible way to travel AU-Asia though, especially with the 4am transit from Asia, but it was cheap, and it kinda worked, with promotion prices starting at circa $600. The QP also opened in the early morning, and usually wasn't crowded. It was basically, a warm shower, followed by tea/coffee, and waited for sunrise before getting onto the next flight. The immigration and customs procedures were done in DRW as well, which means I didn't have to worry about the queue in SYD/MEL.
Still, they gave up on that idea after starting JQ7/8 though. DRW is not a cheap airport to be in after all.
#284
Join Date: Jul 2007
Programs: QFF
Posts: 5,304
#285
Join Date: Jan 2007
Location: Brisbane
Posts: 1,950
Admittedly, SQ, NZ and VA are all in alliance with each other (mainly rooted in VA in one, and for two of them, *A). NZ has a fair grip on its own market to Europe, especially sporting the via-USA route, and also has tie ups with VS and EY. Also, NZ's submission is pretty short.
SQ of course does well by itself (especially in Australia), and also has VS to help bolster capacity; behind SQ as well as its own effort and Star Alliance, the VA alliance has helped improved loads for both SQ and VA at least out of Australia to Asia, and undoubtedly beyond, especially with new codeshares coming up (e.g. AMS).
VA, oddly enough, I thought would have the least reasons to object, unless they are doing it from a predatory disposition / attitude, and that can't be right, or they are just putting in the token objection (just like QF did when VA applied for similar for their alliance with EY and then beyond that). They have the best low "personal" risk network through all of NZ, VS, EY and SQ (plus VA's few long haul destinations), and the figures seem to backup that this is working a treat. In fact, far from objecting, VA should be flattered that QF are now copying them (the leader is now being lead), except of course QF is only really focussing here on one partner (i.e. EK, cf. VA with more than just EY).
I did read one fleeting comment from VA's submission, which is concerned about QF's already dominant position in the market (even domestically) and the implications that EK could render that impregnable to the point of decreasing competition. This doesn't sound like the VA ethos at all, which is supposed to be growing and standing up to QF on both domestic and international fronts; yet it is complaining that it could be easily strangled. Seems incongruent to me.
I know I should read the submissions now, but I'm not seeing a real reason for objection from any of those parties (which admittedly are all in kahoots with each other - no objections yet from anyone independent of this group of main rivals), except purely for token or predatory reasons. I guess this was coming so it's good to see what are the threats to the alliance being approved.