Ireland has put in the 'hard yards'
Qantas CEO Alan Joyce may have a soft spot for Aer Lingus, having worked there for eight years and having been tapped at one stage to be its boss, but the Dubliner also harbours affection for Ryanair.
A handful of former staff from the low-cost carrier – including Dublin Aerospace founder Conor McCarthy – helped establish Qantas's low-cost carrier Jetstar back in 2003. One of them is Gerry Turner, who was deputy head of engineering for Ryanair. He's still with Jetstar, having moved to Australia with his family. Now group general manager at Jetstar, he has just overseen the introduction of the Boeing 787 Dreamliner into the fleet.
One of Mr Joyce's brothers also designed adverts for Ryanair at one stage. Meanwhile, Mr Joyce had a holiday around Ireland this summer. He says he's impressed with how the economic crisis has been handled. "Here in Australia, Ireland is a country that's seen to have done the hard yards to try to fix its position," he told The Punt.
His father and mother are as impacted as anybody by the Budget cuts.
He said his father summed it up in typical Irish fashion: "We had 800 years of bad times and we've had eight years of good times and we're back to the status quo," he said.