Quokkas From , joined Dec 1969, posts, RR: Posted (2 years 2 months 3 weeks 3 days 20 hours ago) and read 2907 times:
As QF seeks to improve the bottom line it has announced that it intends buying international air freight company Australian Air Express and sell its half stake in domestic road freight company Star Track to Australia Post. Both companies are currently owned 50-50 by Qantas and Australia Post and operated as joint ventures.
If approval by Australian Competition and Consumer Commission (ACCC) and the Federal Government is obtained, Australian Air Express will be rebranded as Qantas Freight.
Expected to boost Qantas's bottom line by $30 million, Alan Joyce has said that that the company will use the cash raised to pay down debt. The move also represents what Joyce has stated as "focusing in on part of the business that we do regard as core," - i.e. the air transport side of the business.
ZuluAlpha From Thailand, joined Mar 2010, 420 posts, RR: 0
Reply 2, posted (2 years 2 months 3 weeks 3 days 18 hours ago) and read 2674 times:
Quoting qf002 (Reply 1): Hopefully this will mean that we could see a few more Qantas Freight branded aircraft popping up -- I'd love to see those little BAE's in QF colours...
Agreed, that would be nice, but wasn't / isn't there an ongoing issue with the pilots (international?), about the company QF freight and different pay structures. Would a similar situation arise with the Domestic pilots and having it branded as QF freight not as it is currently as AAE ?
Quokkas From , joined Dec 1969, posts, RR:
Reply 7, posted (2 years 2 months 3 weeks 3 days 12 hours ago) and read 2114 times:
With AJ's plans for AaE to disappear and be re-branded as Qantas Freight, no doubt there will be attempts to achieve efficiencies of scale - I think the official expression in the press release was "By leveraging the best from both businesses and delivering efficiencies,we will provide a market leading service to our customers."
If the proposal meets the approval of the regulators, no doubt there will need to be discussions with the unions about the impact of the rebranding on staff. Is it likely that jobs will be safe or will some go through natural attrition and redundancies?