Qantas chairman refuses to quit amid investor pressure – ABC News. According to an interview with a radio show, the chairman of Australia’s Qantas Airways (QAN.AX) has defied investor demands to resign amid a string of controversies that have plagued the airline, ABC News said on Thursday.
A regulatory action against the airline claims that it violated consumer law by charging for 8,000 flights that were abruptly canceled in the middle of 2022. This case forced CEO Alan Joyce to leave.
Chairman Richard Goyder said he has faith in the Qantas board and that key investors wanted him to continue in his position in his first interview since these claims by the nation’s competition commission in late August, the news website reported.
“Since this is a legal matter, I can’t talk much about it right now. But any allegation that we collected money for no service is simply false, according to Goyder. He made no additional remarks about the accusations.
The ABC article did not mention the identities of the investors and customers who have demanded Goyder’s departure.
Goyder was elected chairman in October 2018 after being appointed to the board in November 2017.
Separately, the airline violated the law by firing 1,700 ground employees and replacing them with contractors at the beginning of the COVID-19 outbreak, according to a ruling made this week by Australia’s top court.
According to Goyder, Qantas has accepted the decision, and its new CEO, Vanessa Hudson, will attempt to resolve the dispute, as reported by ABC News.
He continued that the courts held that we had legitimate commercial reasons for making the decision (about the layoffs), “and there was no knowledge of when borders may open.”
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