BA boss says the weak will fail
The decision by Qantas to shore up its defences by employing Macquarie to keep an eye on its share register is an interesting choice, analysts say.
Macquarie was the lead financier in Airline Partners Australia, the consortium that came within a whisker of taking over Qantas in 2007.
Qantas hit a low of 96 cents last Friday, valuing the company at $2.2 billion. The APA bid was $11.1 billion.
The share price lifted to $1.10 on Tuesday but Qantas appears vulnerable – not to a takeover, which is protected by government regulation, but to the presence of an unwanted shareholder lurking in the shadows.
Certainly competitors appear to be sniffing an opportunity to link more closely with the airline.
Tim Clark, president of Emirates Airlines, said in a Bloomberg Television interview during the IATA summit in Beijing that he would be interested in a commercial link with Qantas.
He reportedly denied an interest in an equity stake.
A link between International Consolidated Airlines Group SA – parent of British Airways and Spain’s Iberia – and Qantas would also make sense, IAG chief executive Willie Walsh said at the Beijing conference.
The two airlines already cooperate on certain routes but the Walsh went on to say that he was no longer interested in mergers and would prefer instead to see consolidation through attrition.
"I think, from an overall industry point of view, the time has come for a proper cleanout. You can say that’s very cold and heartless, but we’re in business and the reality is that the weak fail," Walsh said.
Walsh several years ago tried to merge BA with Qantas in a deal valued at about $6.5 billion, but the two companies couldn’t agree on a valuation.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025