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Qantas Puts Stake Up To US$1B For ANZ  
User currently offlineQANTAS747 From Australia, joined Mar 2000, 222 posts, RR: 0
Posted (14 years 3 months 3 weeks 2 days 7 hours ago) and read 1978 times:

Hi again,
QANTAS have tried to put a stake in for ANZ and I want to ask you what you think of the proposal.
James Strong has said if this doesn't happen both airlines will have a slim chance in the future.
Some think that this is to stop SQ, AN and ANZ merging. I don't really care if this is the point because if that goes ahead that will be one massive airline to compete with and so QF may go out of business.
Please post your thoughts on this forum.
See ya,
QANTAS747

8 replies: All unread, jump to last
 
User currently offlineBrissie_lions From , joined Dec 1969, posts, RR:
Reply 1, posted (14 years 3 months 3 weeks 2 days 6 hours ago) and read 1864 times:

As a QF shareholder I really hope they do not go ahead with this, but personally I hope they do this. It would be a major cock-up.

As I have stated previously, SQ couldn't give a fat rat's clackers about NZ. What SQ wants is access to the Aussie domestic market. This means AN. The only reason SQ is interested in NZ is for AN.

If QF gets this share of NZ, NZ will have to sell off AN to the highest bidder. This would be SQ, which could buy AN from NZ for less than AU$1 billion, coz they would hold the trump card, so to speak.

What makes me wonder is what does QF expect to gain out of buying NZ. Access to the huge Kiwi domestic market? Access to the UK via LAX (wait, aren't QF starting this themselves)? Access to Rarotonga? Access to a fleet which is going to need to be renewed in the next couple of years?

If SQ/NZ/AN were to tie up....there is no way that QF would go out of business. Singapore Airlines is not the be and end all of airlines. Don't forget that BA own's 25% and I own, oh about, 1/100 millionth, and we would not let this happen.

So c'mon QF....for your shareholders drop this stupid plan.....and for me personally....please go ahead with it (I hear that AN will be renamed soon, and I really do not want it to become Ensutt Ustrulia) and I would rather see SQ in Australia than the Kiwis (shit...they can't even play cricket....let alone be trusted to run on of our airlines).


User currently offlineB727-200 From Australia, joined Nov 1999, 1051 posts, RR: 3
Reply 2, posted (14 years 3 months 3 weeks 2 days 5 hours ago) and read 1856 times:


Go QF, go get that NZ puppy. It would be good to see a bit of the SQ influence in the Aussie camp DIRECTLY with AN!!!

Besides, imagine one of Australia's major company's being owned by an NZ company?? Especially since we kick their dumb ass at everything we play them at.

This is my "I am tired - had enough of work - want to go home now - sick of this topic more than the A3XX issue" attitude coming through, so I do appologise.

B727-200.


User currently offlineBrissie_lions From , joined Dec 1969, posts, RR:
Reply 3, posted (14 years 3 months 3 weeks 2 days 4 hours ago) and read 1849 times:

R....

I have to wholeheartedly agree with you on the point of the issue getting tired. But you have to agree, just as one thinks, the issue is over and done with, QF come along and throw another log on the fire.

SQ must be sitting back with absolute delight, watching the shananigans going on here. They will be getting AN one way or the other way. Hip-pip....Hooray.....finally AN will have some major money behind it, fleet and route expansions can't be to far off.

Something, one of you guys may be able to answer. AN is now codesharing with SQ on flights to LHR and FRA. Just recently it was announced that codeshares with SQ to ZRH would also begin. Anyone know how often, and from when this is effective?


User currently offlineGUNDU From , joined Dec 1969, posts, RR:
Reply 4, posted (14 years 3 months 3 weeks 2 days 4 hours ago) and read 1844 times:

NZ will never sell to QF. NZ's president said that he would rather sell to SQ than QF as SQ and NZ are Star partners.

Gundu


User currently offlineBrissie_lions From , joined Dec 1969, posts, RR:
Reply 5, posted (14 years 3 months 3 weeks 2 days 4 hours ago) and read 1847 times:

I know what you are saying. BUT. the NZ president has absolutely no say in this matter. It is clearly a matter for the Brierley Investments board to decide. Although, with the Singapore Ministry of Finance and Temasek Holdings having a place on this board, one would suspect that their preferences would lay with SQ.

User currently offlineGUNDU From , joined Dec 1969, posts, RR:
Reply 6, posted (14 years 3 months 3 weeks 2 days 4 hours ago) and read 1848 times:

Brierley chairman is also NZ president

User currently offlineB727-200 From Australia, joined Nov 1999, 1051 posts, RR: 3
Reply 7, posted (14 years 3 months 3 weeks 2 days 1 hour ago) and read 1840 times:


As I put in an earlier post, BIL have committed themselves to the NZ acquisition of AN, this I know has been confirmed - they have even got the full backing on this by a show of hands at a shareholders meeting yesterday.

Regardless of what QF throws at BIL, one would think that BIL are not going through all this with NZ/AN, just to have a chunk of NZ sold to QF and have the ACCC come in and tell NZ they have to ditch AN. BIL are a smart company, and smart companies do not waste valuable time and resources on issues that are going to show no return, especially when they could be dedicating this resource to something else (OK, lets watch this statement come back and bite me on the butt).

B727-200.


User currently offlineTullamarine From Australia, joined Aug 1999, 1511 posts, RR: 0
Reply 8, posted (14 years 3 months 3 weeks 1 day 6 hours ago) and read 1830 times:

Melbourne Herald Sun reports today that at the NZ Genral Meeting yesterday to approve 100% AN purchase, both BIL and NZ said they had no interest in sale to QF even at a higher price.

Jim McCrea (NZ CEO) said a sale to QFwould be admission of failure by NZ management and he failed to see what was in it for NZ.

It is expected talks with SQ will resume as early as this month.

Hopefully this will be the end of a strange tale and NZ and AN can get back to the main issues at hand, better profits and new fleets.



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