What goes around comes around
In addition to news Qantas announced last week which shocked the aviation industry in Australia, the resignation of Bruce Buchanan, CEO of Jetstar decided to give a shock back to Qantas. See below for a clipping The Australian reported:
“When Alan Joyce took his seat for dinner at one of Sydney’s finest seafood restaurants on the last Monday in April, he had no sense of the bombshell that was to accompany the main course. His companion at Peter Doyles at the Quay that night, Jetstar boss Bruce Buchanan, had some news. And it would be anything but music to the ears of the Qantas chief.
Just when he needed one of his most successful executives on board for one of the toughest period’s in the airline’s history, Buchanan said he was heading for the door.
“He was very keen for me to stay on. He offered me a very generous package. I spent a week thinking about it,” Buchanan tells The Weekend Australian in his first public comments on the news that stunned the aviation world this week — on the same day as the carrier announced a radical split of its domestic and international operations.
There are now questions about how the airline will cope without the full-time services of one of its most valuable assets as it is about to start a capacity war with arch-rival Virgin Australia, which analysts believe could see airfares slashed – and profits.”
Read the full article here.
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