Qantas destroying its brand: shareholder

2 Nov 2012, 12:48 pm   -   Source: AAP
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(AAP)

(AAP)

A disgruntled shareholder has accused the Qantas Airways board of 'destroying' the airline's international brand.

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A disgruntled shareholder has accused the Qantas Airways board of "destroying" the airline's international brand.

Also, the shareholder said management and the board had shown "disloyalty" to staff, given "the way you sit up here and blame everybody".

"You have sold out and you have sold Qantas out," the shareholder said at Qantas's annual general meeting in Canberra on Friday.

"You have actually destroyed the international brand."

The shareholder also touched on Qantas chief executive Alan Joyce's decision to ground the fleet in 2011, which was announced the day after the 2011 annual general meeting.

She said it was "obvious that you had another agenda" at the AGM.

"I have come from Sydney and I have also taken the precaution to drive down just in case you pulled any more of your stunts," the shareholder said.

On October 29 2011, Mr Joyce grounded the Qantas's entire fleet and said staff would be locked out as part of the airline's industrial dispute with the Australian and International Pilots Association (AIPA), the Transport Workers Union (TWU) and the Australian Licensed Aircraft Engineers Association (ALAEA).

The move left 70,000 Qantas passengers around the world stranded and cost $194 million in 2011/12, according to the company's full year results released in August.

In response to the question, Qantas chairman Leigh Clifford said the airline's international brand was in "very good shape".

"As a consequence Emirates was interested in entering an alliance with us," Mr Clifford said.

"So that is indicative of the esteem with which Emirates holds Qantas."

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