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Qantas to split into four
In the news today:
Growing speculation about an announcement that the current Qantas Group will be split into 4 parts: ■ Qantas Lite, which would own the main airline and Jetstar brands and be responsible for its 37,000 flight and ground crew staff, terminal facilities and route network of 143 destinations. ■ Fleet Co, an aircraft leasing business that would control the 154 planes owned by Qantas, worth a total of $US3.8 billion ($4.47 billion), which would be leased back to the airline. ■ Loyalty Co, a new subsidiary which would be responsible Qantas' frequent flyer loyalty program which analysts estimate makes pre-tax profits of $175 million a year. ■ Freight Co, which would take up Qantas's equity stakes in air freight operators Australian Air Express and Startrack Express into a stand-alone operation which could also own or manage the space allocated for freight on the planes used on its international routes. Link: http://www.smh.com.au/news/business/...647827255.html There is no mentioning what will happen to the catering and holiday businesses. It wil be interesting to see whether an indipendent loyalty program will combine status and points or whether the two will be split as well. And of course what will happen to lifelong status. |
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I wonder what new "enhancements" Loyalty Co would bring to QFF?
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Heaven help us all if Aeroplan get their teeth into the QFF program.
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I believe that if Aeroplan do take over the QFF program we can expect to see calendar year status renewals for everyone and a plethora of special offers for our FF points such as toasters and BBQ's. :td:
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Claws are out.
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Originally Posted by zedhead
(Post 8204945)
Qantas will retain control of its frequentflyer scheme QANTAS has swiftly hosed down speculation that the company behind Air Canada's passenger rewards program is planning to take a stake in a business that will own the flying kangaroo's frequent-flyer scheme. The airline was forced into denying Aeroplan's involvement yesterday, after reports emerged out of Toronto that the giant rewards scheme firm was engaged in talks with Qantas about a purchase or an investment in the soon-to-be-created subsidiary. .... Details of Qantas's reorganisation plan are expected to be made public at its annual results briefing on Thursday, when it is due to deliver much higher profits of $1.06 billion. |
I don't like to dis on QF frequently but I will await Thursday's announcement with caution. If Errorplan do have a holding in the QFF scheme of any sort we can expect separate websites for what is now a one-size fits all portal.
Further, and perhaps more alarming will be the adoption of premium award bookings over the normal everyday award that will strip points from those mugs that want, or need to fly on a certain date but have to dish up extra points (sometimes double those of the normal points required) in order to get the flight/date they want. |
Qantas spins off frequent flyers
QANTAS'S five million frequent flyer members - or one in four Australians - will be taken out of the airline and put into a separate company that will be listed on the stock exchange for at least $3 billion. The new venture is expected to include a Canadian loyalty program operator, Aeroplan, as a strategic partner, but it will be controlled by Qantas. The new Qantas entity is expected to be launched within the next nine months and will have a much wider customer loyalty program for frequent flyer customers, including the flexibility to purchase seats on any flight. |
The push to the AA program might now pick up but for me who does not fly often enough but gathers most points from credit cards it is not the answer. I have been stockpiling my points in my credit card account and the best option for me seems to join virgin atlantic for international and retain just enough for any domestic on QF
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The same article, although worded slightly differently, appears in todays The Australian
QANTAS Airways will spin off its $3 billion-plus frequent flyer operation, following in the path of Air Canada which transformed its equivalent arm into a company worth more than the airline itself. The Australian carrier will seek to list the new vehicle on the Australian Securities Exchange within nine months. Qantas will keep a controlling stake and bring in as a partner Aeroplan, the highly successful Air Canada offshoot. Details of the proposed spin-off are expected to be unveiled on Thursday when the company releases a record annual pre-tax profit of an estimated $1 billion. The company is also expected to announce a capital return of up to $2 billion in the form of a special dividend and share buyback. |
The new Qantas entity will also contain a Jetstar loyalty component and will expand to include more affiliated partners such as financial institutions. |
Qantas will retain control of its frequent-flyer scheme
QANTAS has swiftly hosed down speculation that the company behind Air Canada's passenger rewards program is planning to take a stake in a business that will own the flying kangaroo's frequent-flyer scheme. |
Looks like I better try find some avaliability and burn my points....
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Hmm - more "the sky is falling in" posts - not sure why you want to burn points now without any idea of what the new program might be.
Re the "mugs" who might be tempted use some form of "anytime" awards - some people might actually be happy for that. If I was still crediting to QFF I would be at about 400-600K of points at the moment - and I would be happy to burn more points to get a flight whenever I want. I constantly hear about people who have sooo many points and can't find a time to use them - this would be perfect for them. It is inevitable that points will be devalued over time - perhaps some innovation might create better value in those same points... |
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