Qantas has parted company with international head Tino La Spina as non-domestic flights are unlikely to take off again until mid-2021. Mr La Spina is a former chief financial officer who spent 14 years at the airline. Reuters
Qantas has parted company with international head Tino La Spina as non-domestic flights are unlikely to take off again until mid-2021. Mr La Spina is a former chief financial officer who spent 14 years at the airline. Reuters
Qantas has parted company with international head Tino La Spina as non-domestic flights are unlikely to take off again until mid-2021. Mr La Spina is a former chief financial officer who spent 14 years at the airline. Reuters
Qantas has parted company with international head Tino La Spina as non-domestic flights are unlikely to take off again until mid-2021. Mr La Spina is a former chief financial officer who spent 14 year

Aviation

Qantas' international head leaves airline as overseas flights unlikely to return until mid-2021

The head of the company's domestic business, Andrew David, will take on additional responsibility

Reuters

August 24, 2020

  • English
  • Arabic

Qantas Airways said on Monday its international division head Tino La Spina would leave the company, in a cost-saving move at a time when the airline has grounded all international flights due to the coronavirus pandemic.

The head of its domestic business, Andrew David, will also take over the responsibilities of Mr La Spina, a former Qantas chief financial officer who spent 14 years at the company and is well known to investors.

Qantas chief executive Alan Joyce said it had become increasingly clear that the airline's international flights would be grounded until at least mid-2021 and it would take years for flying to return to historical levels.

"Under those circumstances, we've made the decision to consolidate the domestic and international business units under a single divisional CEO," Mr Joyce said in a statement.

The changes will take effect from September 1, the airline said.

Mr Joyce will also be on reduced pay of 65 per cent of normal levels until November, while his direct reports are on 85 per cent of normal pay as part of its response to the pandemic.

Qantas last week said state border closures were severely hampering a recovery in the domestic aviation market, which, alongside its lack of international flying, would lead to a significant loss this financial year.

Citi analyst Jakob Cakarnis forecasts the airline will report an underlying pre-tax loss of around A$260 million (Dh685.3m/$186m) in the year ending June 30, 2021, according to a note to clients on Friday.

Qantas shares closed 4.4 per cent lower on Monday, having fallen 47 per cent since the start of January.

_______________

Qantas says goodbye to the Boeing 747

People watch the last Qantas 747 jet depart Sydney Airport. Reuters
People watch the last Qantas 747 jet depart Sydney Airport. Reuters
People watch the last Qantas 747 jet depart Sydney Airport as Qantas retires its remaining Boeing 747 planes early. Reuters
People watch the last Qantas 747 jet depart Sydney Airport as Qantas retires its remaining Boeing 747 planes early. Reuters
A Qantas Boeing 747-400, registration VH-OEJ, passes over Waverley Cemetery as it departs Sydney on its final flight in Sydney, Australia. Getty Images
A Qantas Boeing 747-400, registration VH-OEJ, passes over Waverley Cemetery as it departs Sydney on its final flight in Sydney, Australia. Getty Images
People react as they watch the last Qantas 747 jet depart Sydney Airport. Reuters
People react as they watch the last Qantas 747 jet depart Sydney Airport. Reuters
Alan Joyce, chief executive of Qantas, speaks in front of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport. Reuters
Alan Joyce, chief executive of Qantas, speaks in front of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport. Reuters
Alan Joyce speaks in front of a Qantas 747 jumbo jet, before its last departure from Sydney Airport. Reuters
Alan Joyce speaks in front of a Qantas 747 jumbo jet, before its last departure from Sydney Airport. Reuters
A Qantas pilot writes a message on the bottom of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport. Reuters
A Qantas pilot writes a message on the bottom of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport. Reuters
The signature of Alan Joyce is seen at the bottom of a Qantas 747 jumbo jet. Reuters
The signature of Alan Joyce is seen at the bottom of a Qantas 747 jumbo jet. Reuters
Alan Joyce and an indigenous Australian come down from a Qantas 747 jumbo jet. Reuters
Alan Joyce and an indigenous Australian come down from a Qantas 747 jumbo jet. Reuters
A pilot poses on a Qantas 747 jumbo jet. Reuters
A pilot poses on a Qantas 747 jumbo jet. Reuters
A Qantas 747 jumbo jet is pictured before its departure. Reuters
A Qantas 747 jumbo jet is pictured before its departure. Reuters
Qantas celebrates the departure of its last 747 jumbo jet from the Sydney Airport. Reuters
Qantas celebrates the departure of its last 747 jumbo jet from the Sydney Airport. Reuters
World Mental Health Day

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

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THE SPECS

Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

Torque: 580 Nm

Price: From Dh399,000

On sale: Now

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Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

The Outsider

Stephen King, Penguin

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059