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Qantas takes on a former executive that “knows too much”

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After a decade with the Australian airline, former executive Nick Rohrlach takes job at Virgin Australia

Qantas has won a last-minute court order that will stop former executive from jumping ship to the rival airline, Virgin Australia.

This comes after two failed attempts to prevent Rohrlach from taking the job at Virgin.

Rohrlach landed a job at Virgin’s Velocity Frequent Flyer program

Former Jetstar Japan co-chief Nick Rohrlach is waiting until the court case is resolved before he starts his new job.

The case was lodged in Singapore’s Supreme court.

 He joined the airline in 2011 as Head of Strategy and Planning before switching over to Jetstar, eventually running their headquarters in Japan.

In October last year, he returned to Sydney to take up a job with Qantas Loyalty.

Qantas executive Nick Rohrlach
Former Qantas Group executive Nick Rohrlach plans to jump ship to Virgin Australia.

Qantas Executive Rohrlach knows “too much” about the airline

Qantas is arguing that he knows “too much” about Qantas, leading to fears he could bring insider information to Virgin.

“Right up until he informed Qantas of his new role at Velocity, was it suggested that the flow of information from Qantas should cease,” a Qantas spokesperson told The Australian.

 The Australian’s Robyn Ironside reports that Qantas has applied to the Supreme Court of Singapore for an emergency injunction.

Switching employers in the airline industry is common enough. Qantas CEO Alan Joyce has previously worked at Aer Lingus and Ansett Australia.

Qantas Virgin Australia Logo
A former Qantas executive has landed a job at Virgin Australia.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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