Tue, 5 Feb 2019 |
Qantas Acquires 19.9% Stake in Alliance
Airlines
|
The Qantas Group has acquired a 19.9% stake in
the Australian-based charter operator, Alliance Airlines.
Alliance Airlines is a significant service
provider to the resources sector, which continues to stimulate
travel demand in Western Australia and Queensland in particular.
Alliance is a long-term
provider to the Qantas Group and flies regional services on behalf
of the national carrier.
The 19.9% stake was acquired for an
average price of $2.40 per share and for a total cost of $60
million.
Qantas expects to ultimately seek regulatory
approval from the ACCC to build on its current shareholding, with
a longer-term view of taking a majority position in Alliance
Airlines in order to better serve the charter market by unlocking
synergies.
In the meantime, Qantas said it is supportive of the
‘business as usual’ approach of Alliance Airlines management and
is not seeking board representation.
Headlines: |
|
See latest
HD Video
Interviews,
Podcasts
and other
news regarding:
Qantas,
Alliance Airlines,
Australia,
Stake.
|
Subscribe to our
Travel Industry News RSS
Feed . To do
that in Outlook, right-click the RSS Feeds
folder, select Add a New RSS Feed, enter the URL of our
RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml
and click Add. The feed can also be used to add the headlines to your
website or channel via a
customisable applet. Have questions? Please read our
Travel News
FAQ. Thank you. |
|
|
|
|
|