Peter Gregg, former Qantas CFO, and venture capitalist Mark Carnegie have held discussions with unions and key investors as they try to put together a rival plan to challenge Qantas CEO, Alan Joyce, in a bid to return capital to shareholders. The aim is to secure a large group of investors that will most likely include Geoff Dixon, former CEO and billionaire Lindsay Fox, with a view to pressurizing management for a Jetstar IPO and Qantas Frequent Flyer sale. There is to date no firm proposal in place but all sources agree that it is time to work on a

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