Qantas moving forward after November failure

Qantas moving forward after November failureAccording to Chief Executive Alan Joyce, Qantas is checking social-networking after incorrect reports came in following an engine failure in November.

The failure took place some minutes post the Sydney-bound flight leaving Singapore on 4th November, and forced Qantas to land its fleet of six A380s for security reasons over the planes' Rolls-Royce PLC engines. As of today, majority of them have returned to service, but Qantas still has not returned to full capacity.

Mr. Joyce is waiting the Rolls-Royce's resolving of the technical matters prior to the restoration of Qantas's key Sydney-Los Angeles way. He's also seeking compensation from Rolls; Merrill Lynch estimates that the A380's grounding could cost the airline 207 million Australian dollars ($207.9 million) in lost revenue and direct repairs.

The Irish-born Australian has worked hard and today he is among the ranks of Australia's aviation industry, proceeding to Qantas approximately ten years ago and being appointed as the CEO in the year 2008.

He is not unfamiliar with crises, and he is a witness to the industry's enduring of the travel slump that came in right after the September 11 terrorist attacks.