Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Former Allco Chairman Coe Dies on Aspen Skiing Trip, SMH Reports

Allco Equity chairman David Coe
David Coe, chairman of Allco Equity Partners Ltd, seen in this Feb. 2, 2007 photo, died of a suspected heart attack during a skiing trip in Aspen, Colorado. He was 58 years old. Photographer: Jack Atley/Bloomberg

David Coe, who led Allco Finance Group in a failed bid for Qantas Airways Ltd. before the asset management firm collapsed during the global financial crisis, has died, the Sydney Morning Herald reported.

Coe, 58, died of a suspected heart attack during a skiing trip in Aspen, Colorado, the newspaper reported, citing three friends and colleagues of Allco’s former executive chairman.

Allco, part of a group that bid unsuccessfully for Qantas in 2007, handed operations to outside managers in November 2008 after breaching loan obligations. Creditors decided to wind up the firm in May 2009.

Allco had borrowed to buy assets such as wind farms and aircraft, emulating a model pioneered by Macquarie Group Ltd. The strategy backfired in 2008, as debt markets seized up and bankers forced it to sell holdings as prices slumped.

Coe is survived by his wife Michelle and three sons, the Morning Herald said today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.