Quokkas
Topic Author
Posts: 1327
Joined: Fri Jan 27, 2012 5:51 pm

QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 4:21 am

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
“Not to laugh, not to cry, not to hate, but understand.” Spinoza
 
qf002
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Joined: Tue Jul 05, 2011 11:14 am

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 5:30 am

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...
 
ZuluAlpha
Posts: 281
Joined: Sun Mar 21, 2010 7:22 am

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 6:39 am

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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eaglefarm4
Posts: 447
Joined: Sun Jul 17, 2011 10:33 pm

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 7:25 am

Quoting qf002 (Reply 1):

Why one less airline in our country.

You are too Qantas Sydney eccentric.
tourismman
 
bill142
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Joined: Wed Aug 04, 2004 1:50 pm

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 7:52 am

Quoting qf002 (Reply 1):
I'd love to see those little BAE's in QF colours...
http://www.airliners.net/photo/Qanta...d=4a833a2618683c03a4effe121f1640f9
 
Flyingsottsman
Posts: 586
Joined: Mon Oct 25, 2010 12:32 pm

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 8:59 am

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.
 
qf002
Posts: 3083
Joined: Tue Jul 05, 2011 11:14 am

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 11:58 am

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!
 
Quokkas
Topic Author
Posts: 1327
Joined: Fri Jan 27, 2012 5:51 pm

RE: QF To Buy Aust Air Express, Sell Star Track

Tue Oct 02, 2012 12:20 pm

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?
“Not to laugh, not to cry, not to hate, but understand.” Spinoza