Qantas confirms sale of stake in Air New Zealand
Qantas Chief Financial Officer Peter Gregg has confirmed this morning that Qantas had agreed to sell its 4.2% stake in Air New Zealand, with the transaction conducted via an overnight book build, resulting in a sale price of NZ$2.70 per share.
Mr Gregg said Qantas had acquired the shares in 2002 at an effective price of NZ$2.225 per share in association with its proposed Tasman Networks Agreement with Air New Zealand, which did not receive regulatory approval.
He said that following the sale of the shares, Qantas remained comfortable with its previous guidance that its 2006/07 profit before tax was in line with the average of market expectations.
Report by The Mole
John Alwyn-Jones
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
All eyes on Qatar as Qatar Airways leads a season of global events