On the Qantas website, British Airways have supposedely dismissed one more British Airways executive from Qantas since Qantas brought the stake down to 22%?
(From Qantas' website)
British Airways Directors Reduced To Two
SYDNEY, 23 November 2001 :
Qantas Airways announced today that the number of Directors appointed by British Airways to the Qantas Board had been reduced from three to two.
British Airways had the right to appoint and remove three Directors to the Qantas Board while it owned more than 22.5 per cent of the issued shares in Qantas.
Following the recent $450 million placement of shares by Qantas, British Airways' shareholding has been reduced to less than 22.5 per cent.
Subsequently, British Airways is now entitled to appoint two Directors to the Qantas Board.
British Airways has advised Qantas that Rod Eddington will step down as a non-executive Director of Qantas Airways.
Roger Maynard, British Airways Director Alliances, Investment and Joint Ventures and Nick Tait will continue to serve on the Qantas Board as Directors appointed by British Airways.
Qantas Chairman Margaret Jackson said: "It has been a pleasure to have had Rod serve on the Qantas Board and we thank him for his involvement."
Issued by Qantas Public Affairs (2563)
The spirit of Australia
I guess British Airways is getting smaller
Spirit of Australia