Having failed to be named as the successor to long-time Qantas head Geoff Dixon, it comes as no surprise to this watcher of airline boardroom rotation to see its chief financial officer Peter Gregg deciding to quit the Australian carrier.
Gregg, 53, (above) missed out to fast-rising Alan Joyce, the young Irish-Australian who has led its low-cost subsidiary Jetstar to immediate profitability and strong brand recognition.
Gregg had been tipped as a potential successor to Dixon, along with John Borghetti, who has been running the airline side of Qantas for some time. A couple of years ago both were being groomed for the big job at Qantas, but Joyce over took them in the pecking order.
Borghetti has signalled his intention to stay on for the time being at least.
Despite missing out on the top job at Qantas, Gregg will find himself with no shortage of offers, both from within the airline industry and probably outside it.