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Tuesday, May 22, 2012

QF split

Just a day after Qantas announced their intention to close their Tullamarine engineering base with the loss of 422 jobs, CEO Alan Joyce has today announced the company will spilt into two divisions International and Domestic.

Qantas International and Qantas Domestic will operate as two separate business each with their own Chief Executive and each reporting their financial results independently.
Simon Hickey, the current Qantas frequent flyer chief executive, will head Qantas International.
Lyell Strambi, currently Qantas' executive of operations, will be chief executive of Qantas Domestic.
The division will bring a raft of changes to the airlines management structure including the departure of current Jetstar CEO Bruce Buchanan.

For more on the  Qantas split see the articles by
Fairfax Media's Business Day via brisbanetimes.com.au HERE
News Ltd's Business via couriermail.com.au HERE

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