Companies

Mar 3, 2014

As Abbott cuts Qantas adrift, look to the airline share registers

For all the gnashing of teeth and exhortations to action, the government has done very little about Qantas -- other than allowing Virgin to unfairly stack the deck.

Stephen Mayne — Journalist and Founder

Stephen Mayne

Journalist and Founder

A strange thing happened shortly after 10am yesterday morning.

Firstly, self-styled activist investor Mark Carnegie went on Channel Nine’s Financial Review Sunday program and declared that independent Channel Nine director Peter Costello should personally use his authority as the recently installed Future Fund chairman to negotiate a loan guarantee for Qantas. Carnegie clearly hadn’t run this past Costello, as at about the same time the former federal treasurer was disloyally appearing on the rival Network Ten and telling Andrew Bolt that there should be no government financial support of any sort for Qantas.

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4 comments

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4 thoughts on “As Abbott cuts Qantas adrift, look to the airline share registers

  1. zut alors

    There should be taps on a few shoulders – namely the entire Qantas board along with Joyce & Clifford.

    The responsibility for the past business plan/strategies which have led Qantas down this dry gully lies solely with this mob.

  2. Dogs breakfast

    Let’s just be clear about this. The last thing that Qantas wants here is a level playing field.

    i.e. whatever Qantas gets, all the other airlines get. Open slather for all-comers on flights into and out of Australia.

    I’m surprised thus far that Hockey initially sounded positive about the dubious govt-backed debt proposal, and that TA later found a good reason to reject the argument.

    If Libs/coalition was consistent about policy and ideology, the question of why we need to own a national airline is the only one they would be considering.

  3. AR

    Almost makes one miss the daze of IATA… nah, not really.

  4. klewso

    I’ve got a lot of time for Carnegie’s views, he seems to have few of the airs and talk a lot less egocentric bull-shit than most of these other “X-spurts”.

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