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AirAsia chief speaks frankly on what Qantas should do

March 28, 2014 Aviation, Headline News No Comments Email Email

egtmedia59Times have changed and the Qantas Sale Act is out of date, according to AirAsia group chief executive Tony Fernandes.

The outspoken Fernandes told the Australian Financial Review he didn’t think foreign ownership would make a big difference. You also had to question whether Jetstar made sense, he added. Should it be a separate company?

Speaking at the Credit Suisse Asian Investment Conference in Hong Kong, Fernandez told the paper Qantas needed to re-evaluate its whole business. TravelManagers

He said Qantas chief executive Alan Joyce should get on with the job of running the airline rather than trying to seek debt guarantees or other special treatment from government.

Even if it seemed as though Etihad was assisting Virgin Australia, at the end of the day it looked like a commercial transaction and governments should stay out.

Fernandes told the paper that although the Australian market was “saturated” there was still scope for AirAsia to grow into the market as there were many places in Australia the airline wanted to fly to. The key focus for AirAsia, he said, was on India and Japan.

Written by : Peter Needham

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