kaitak From Ireland, joined Aug 1999, 11997 posts, RR: 36 Posted (1 year 12 months 4 days 2 hours ago) and read 3789 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.
Baroque From Australia, joined Apr 2006, 15380 posts, RR: 59 Reply 1, posted (1 year 12 months 4 days 2 hours ago) and read 3637 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.
mal787 From Australia, joined Jul 2007, 687 posts, RR: 0 Reply 3, posted (1 year 12 months 4 days 1 hour ago) and read 3573 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
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!
BMI727 From United States of America, joined Feb 2009, 14415 posts, RR: 26 Reply 7, posted (1 year 12 months 4 days 1 hour ago) and read 3357 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?
Fuling From Australia, joined Apr 2011, 187 posts, RR: 0 Reply 8, posted (1 year 12 months 4 days ago) and read 3237 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.
nyc2theworld From United States of America, joined Mar 2007, 653 posts, RR: 0 Reply 10, posted (1 year 12 months 3 days 23 hours ago) and read 3098 times:
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.
Baroque From Australia, joined Apr 2006, 15380 posts, RR: 59 Reply 11, posted (1 year 12 months 3 days 22 hours ago) and read 2945 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.
Airvan00 From Australia, joined Oct 2008, 712 posts, RR: 1 Reply 12, posted (1 year 12 months 3 days 22 hours ago) and read 2804 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.
EPA001 From Netherlands, joined Sep 2006, 3663 posts, RR: 36 Reply 13, posted (1 year 12 months 3 days 18 hours ago) and read 2418 times:
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. .
EK413 From Australia, joined Nov 2003, 3983 posts, RR: 4 Reply 15, posted (1 year 12 months 3 days 17 hours ago) and read 2257 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
Qantas and Emirates, connecting the globe 1 stop to 65 destinations
Baroque From Australia, joined Apr 2006, 15380 posts, RR: 59 Reply 18, posted (1 year 12 months 3 days 1 hour ago) and read 1299 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.
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.
Zkpilot From New Zealand, joined Mar 2006, 4740 posts, RR: 10 Reply 19, posted (1 year 12 months 3 days ago) and read 1228 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.
Sponsor Message: 
From Ireland, joined Aug 1999, 11997 posts, 
From Australia, joined Apr 2006, 15380 posts, 
From United States of America, joined Feb 2009, 14415 posts, 
From Netherlands, joined Sep 2006, 3663 posts, 
From Germany, joined Feb 2007, 2343 posts, 
From Canada, joined Jul 2004, 4002 posts, 
From New Zealand, joined Mar 2006, 4740 posts, 
Printer friendly format 
