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Qantas CEO Hints at Future Merger
Qantas CEO Geoff Dixon might be stepping down from his post after eight hectic years, but he still has something to say about the future of the famous Australian airline. Though he did not announce a merger, Dixon stated that a future merger is "inevitable." "For Qantas, consolidation is highly desirable. It is in our interests to be at the leading edge of efforts to build a global airline grouping."
However, he did not give any further details, leading some to believe that he is just letting off steam after running up against stiff government restrictions concerning the percentage of foreign ownership allowed of Australian airlines. Attempts to merge with Singapore Airlines and Air New Zealand were less than successful.
Dixon will leave Qantas in relatively stable condition, all things considered. He will hand a profitable company over to Alan Joyce, the current CEO of Jetstar (the low-cost-carrier affiliated with Qantas). The airline claims to have saved money because it operates more fuel-efficient aircraft.
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