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QF To Buy Aust Air Express, Sell Star Track  
User currently offlineQuokkas From , joined Dec 1969, posts, RR:
Posted (1 year 9 months 3 weeks 3 days 20 hours ago) and read 2726 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.

Source: http://www.abc.net.au/news/2012-10-0...ier-deal-to-help-debt-woes/4290966

7 replies: All unread, jump to last
 
User currently offlineqf002 From Australia, joined Jul 2011, 2948 posts, RR: 2
Reply 1, posted (1 year 9 months 3 weeks 3 days 19 hours ago) and read 2602 times:

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...

User currently offlineZuluAlpha From United States of America, joined Mar 2010, 397 posts, RR: 0
Reply 2, posted (1 year 9 months 3 weeks 3 days 18 hours ago) and read 2493 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 ?



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User currently offlineeaglefarm4 From Australia, joined Jul 2011, 427 posts, RR: 1
Reply 3, posted (1 year 9 months 3 weeks 3 days 17 hours ago) and read 2400 times:

Quoting qf002 (Reply 1):

Why one less airline in our country.

You are too Qantas Sydney eccentric.



tourismman
User currently offlineBill142 From Australia, joined Aug 2004, 8439 posts, RR: 8
Reply 4, posted (1 year 9 months 3 weeks 3 days 17 hours ago) and read 2340 times:

Quoting qf002 (Reply 1):
I'd love to see those little BAE's in QF colours...
http://www.airliners.net/photo/Qanta...d=4a833a2618683c03a4effe121f1640f9


User currently offlineFlyingsottsman From Australia, joined Oct 2010, 519 posts, RR: 0
Reply 5, posted (1 year 9 months 3 weeks 3 days 15 hours ago) and read 2210 times:

Yeah it would be good to see thoses 733s that AE use., to see them in QF Freight colours, would love to see a Kangeroo on the tail holding a parcel to on the 767 freighters they have.

User currently offlineqf002 From Australia, joined Jul 2011, 2948 posts, RR: 2
Reply 6, posted (1 year 9 months 3 weeks 3 days 12 hours ago) and read 2003 times:

Quoting ZuluAlpha (Reply 2):

Hmmm, not sure. I do seem to remember QF saying something along these lines to explain the lack of the full livery on the 767 so it could be an issue.

Quoting eaglefarm4 (Reply 3):
Why one less airline in our country.

I simply prefer the QF livery to the AAE one.

Quoting eaglefarm4 (Reply 3):
You are too Qantas Sydney eccentric.

Huh? I don't even live in Sydney... And AAE isn't based in Sydney.

Quoting Bill142 (Reply 4):

Nice!


User currently offlineQuokkas From , joined Dec 1969, posts, RR:
Reply 7, posted (1 year 9 months 3 weeks 3 days 12 hours ago) and read 1933 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?


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