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Qantas Reaches Settlement With RR Over 'OQA  
User currently onlinekaitak From Ireland, joined Aug 1999, 12408 posts, RR: 37
Posted (3 years 1 month 4 days 23 hours ago) and read 4089 times:

Sky News is reporting this morning that QF has reached a multi-million dollar settlement with Rolls Royce over the incident which caused 'OQA to be grounded in Singapore - and the rest of the fleet to be grounded for a considerable time afterwards.

No link as yet, but more info to follow ...

19 replies: All unread, jump to last
 
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 1, posted (3 years 1 month 4 days 22 hours ago) and read 3937 times:

$95 million according to AJ

http://www.abc.net.au/news/business/
Qantas is forecasting a pre-tax profit of $500-550 million, including a $95 million dollar settlement with Rolls Royce over an A380 engine failure.

No mention of recovery from insurance, but presumably most of the insurance money will go to repair the wing.

Qantas CEO Alan Joyce is expected to announce an overhaul of the airline's international operations

But no detailed information on that so far. The odd thing about the recent cancellations was that AJ was grumbling about international but cancelling domestic planes. Maybe the knife will come out for long haul orders as he keeps on about lowering capital investment in long haul until it pays its way.

It appears the Whales are about to swallow more sardines - more Y seats apparently. Not clear if this will be smaller J or if they will just pack the Y class in on top of each other.  Wow!


User currently offlineAlitaliaDC10 From Australia, joined Dec 2008, 240 posts, RR: 1
Reply 2, posted (3 years 1 month 4 days 22 hours ago) and read 3937 times:

Here is the link...

http://www.smh.com.au/business/rolls...-qantas-profit-20110622-1ge9v.html

It looks like QF intl is being scaled down...press conference by Alan Joyce is going on right now...

He so needs to go back home to Ireland from all the damage he has done to QF.



Orbis non sufficit
User currently offlinemal787 From Australia, joined Jul 2007, 687 posts, RR: 0
Reply 3, posted (3 years 1 month 4 days 22 hours ago) and read 3873 times:

Quoting AlitaliaDC10 (Reply 2):
He so needs to go back home to Ireland from all the damage he has done to QF

QF will rue the day they let JB go to Virgin, I Hope QF pull out of these problems times they are having as they are a great airline, But i cant see it happening with the current Management

mal787



Flying cant get enough of it
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 4, posted (3 years 1 month 4 days 22 hours ago) and read 3836 times:

The ASX announcement does not appear to be available as I type this.

User currently offlineAirvan00 From Australia, joined Oct 2008, 748 posts, RR: 1
Reply 5, posted (3 years 1 month 4 days 22 hours ago) and read 3766 times:

Quoting Baroque (Reply 4):
The ASX announcement does not appear to be available as I type this.

here they are:

http://imagesignal.comsec.com.au/asxdata/20110622/pdf/01191220.pdf

http://imagesignal.comsec.com.au/asxdata/20110622/pdf/01191221.pdf


User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 6, posted (3 years 1 month 4 days 22 hours ago) and read 3718 times:

Quoting Airvan00 (Reply 5):
Quoting Baroque (Reply 4):
The ASX announcement does not appear to be available as I type this.

here they are:

http://imagesignal.comsec.com.au/asxdata/20110622/pdf/01191220.pdf

http://imagesignal.comsec.com.au/asx...1.pdf

Thank, although they really contain nothing not already known. I assumed they would tell us their plans for QANTAS long haul, but not so.

Grrrrr. Not keen on AJ, but I do concede he may well have been left a heck of a mess by Dixon. That offer to sell the company (to Dixon's personal benefit) was probably just the tip of a very large iceberg!


User currently onlineBMI727 From United States of America, joined Feb 2009, 15715 posts, RR: 26
Reply 7, posted (3 years 1 month 4 days 21 hours ago) and read 3657 times:

Great job by the Rolls Royce and Qantas PR people for getting this done and announcing it now so it can be buried amongst airshow news. Way to fly under the radar.


Why do Aerospace Engineering students have to turn things in on time?
User currently offlineFuling From Australia, joined Apr 2011, 187 posts, RR: 0
Reply 8, posted (3 years 1 month 4 days 21 hours ago) and read 3537 times:

Quoting mal787 (Reply 3):
I Hope QF pull out of these problems times they are having as they are a great airline, But i cant see it happening with the current Management

Yes, it seems that the National Carrier Qantas and the Australian Government, and a few other companies down here, all need to have a change of leadership. Maybe then it will all turn out for the good. I miss the old Qantas.


User currently offlineDocLightning From United States of America, joined Nov 2005, 19388 posts, RR: 58
Reply 9, posted (3 years 1 month 4 days 20 hours ago) and read 3430 times:

I'm surprised this wasn't covered by an NDA.

User currently offlinenyc2theworld From United States of America, joined Mar 2007, 662 posts, RR: 0
Reply 10, posted (3 years 1 month 4 days 20 hours ago) and read 3398 times:

Quoting DocLightning (Reply 10):
I'm surprised this wasn't covered by an NDA.

While I know less than nothing about Australian or UK security laws could it be that because this would have a material effect on either Rolls-Royce's (or their parent company) and/or the Qantas group's stock price it had to be reported?



Always wonderers if this "last and final boarding call" is in fact THE last and final boarding call.
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 11, posted (3 years 1 month 4 days 19 hours ago) and read 3245 times:

Quoting nyc2theworld (Reply 11):
Quoting DocLightning (Reply 10):
I'm surprised this wasn't covered by an NDA.

While I know less than nothing about Australian or UK security laws could it be that because this would have a material effect on either Rolls-Royce's (or their parent company) and/or the Qantas group's stock price it had to be reported?

Well there might be an NDA, but just at this moment, disclosing some more promising information is built in the AJ's DNA.

But you will note that even that is all set about with "fever trees" to quote Kipling to avoid lessening his hard stance to the Unions.

The lack of cancellations of 787s and possibly the 380s - so far! - might mean the long hinted stories about VERY attractive prices being the case. Better to take them at those prices than cancel a few.


User currently offlineAirvan00 From Australia, joined Oct 2008, 748 posts, RR: 1
Reply 12, posted (3 years 1 month 4 days 18 hours ago) and read 3104 times:

Quoting nyc2theworld (Reply 11):

While I know less than nothing about Australian or UK security laws could it be that because this would have a material effect on either Rolls-Royce's (or their parent company) and/or the Qantas group's stock price it had to be reported?

You are spot on. Qantas requested a trading halt prior to making this and a profit update announcement.

http://imagesignal.comsec.com.au/asxdata/20110622/pdf/01191174.pdf


User currently offlineEPA001 From Netherlands, joined Sep 2006, 4704 posts, RR: 38
Reply 13, posted (3 years 1 month 4 days 15 hours ago) and read 2718 times:
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Quoting Baroque (Reply 6):
That offer to sell the company (to Dixon's personal benefit) was probably just the tip of a very large iceberg!

I guess your assumption could be very much closer to the truth then maybe we all have thought until now.   

Quoting BMI727 (Reply 7):
Great job by the Rolls Royce and Qantas PR people for getting this done and announcing it now so it can be buried amongst airshow news. Way to fly under the radar.

No, this is incorrect imho. The one and only reason they have communicated this now was to avoid another explosion in mostly useless QF-A380 threads and posts here on A-net.      .


User currently offlineN14AZ From Germany, joined Feb 2007, 2691 posts, RR: 25
Reply 14, posted (3 years 1 month 4 days 15 hours ago) and read 2704 times:

Is it correct that VH-OQA will not be back in service before spring 2012? Before it was reported she will be back in autumn 2011.

User currently offlineEK413 From Australia, joined Nov 2003, 4858 posts, RR: 4
Reply 15, posted (3 years 1 month 4 days 14 hours ago) and read 2557 times:

Quoting N14AZ (Reply 14):
Is it correct that VH-OQA will not be back in service before spring 2012? Before it was reported she will be back in autumn 2011

With QF and RR finalising a deal now repairs can commence on VH-OQA so the new return to service timeline sounds spot on...

EK413



Good evening, ladies and gentlemen. We are tonight’s entertainment!
User currently offlinesunrisevalley From Canada, joined Jul 2004, 4859 posts, RR: 5
Reply 16, posted (3 years 1 month 3 days 22 hours ago) and read 1651 times:

Quoting BMI727 (Reply 7):
Great job by the Rolls Royce and Qantas PR people for getting this done

I am told the hard work was done by a fellow who is in charge of QF wide body fleet engineering. The PR people just put on the dog and pony show.


User currently onlineBMI727 From United States of America, joined Feb 2009, 15715 posts, RR: 26
Reply 17, posted (3 years 1 month 3 days 22 hours ago) and read 1641 times:

Quoting sunrisevalley (Reply 16):
The PR people just put on the dog and pony show.

Isn't that what PR people are paid to do?

My original post wasn't worded especially clearly.



Why do Aerospace Engineering students have to turn things in on time?
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 18, posted (3 years 1 month 3 days 22 hours ago) and read 1599 times:

Quoting EPA001 (Reply 13):
The one and only reason they have communicated this now was to avoid another explosion in mostly useless QF-A380 threads and posts here on A-net.

         Now all we need to do is write a fake Email confirming this and have it emanate from Derby. We have a few folk in Aus who specialize in this sort of thing. And we even have ones with splendid real names too!

Godwin Grech, the senior Treasury official at the heart of the OzCar affair, has admitted he wrote the fake email which alleged Prime Minister Kevin Rudd gave special treatment to a Queensland car dealer.

Read more: http://www.theage.com.au/national/gr...l-20090804-e7fm.html#ixzz1Q4CRSK00


Grech the Wretch as it were.

Something along the lines of:
"Dear Alan,
We cannot stand the thought of another series of tough threads on a.net about the shortcomings of our Trent 900 engines, so we enclose a cheque for $95,000,000.00 and a form for you to sign ensuring your future praise of our products.

Ys
For and on behalf of RR"

But seriously, both companies would have been extra pleased to get it out of the way. QF so it could tuck the funds into its balance sheet and RR, well if had never heard of that problem that would be just fine.

The real oddity however, is that arguably it gives a bit of ammo to the unions in the really hardball stand off with AJ that is going on in the background. Then again, the amount is less than the excessive claims that QF made in the heat of the moment, so perhaps "JUST" $95 million is a plus for AJ.


User currently offlineZkpilot From New Zealand, joined Mar 2006, 4802 posts, RR: 9
Reply 19, posted (3 years 1 month 3 days 20 hours ago) and read 1528 times:

Quoting DocLightning (Reply 9):
I'm surprised this wasn't covered by an NDA.

Well pretty much the only thing that has been released is the figure... that figure by law has to be disclosed to the market as it is a significant change to the books, hence why there was a trading halt on the shares.



56 types. 38 countries. 24 airlines.
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