Qantas restructure on the way

Saturday, 11 Jul, 2007 0

A Sky News report says that Qantas Airways could be gearing up for a radical restructure as company executives finalise plans to be presented to directors next Wednesday.

The Financial Review also reports that the restructure may see the creation of a new company, which will own the airline’s fleet of over 200 planes.

Qantas shareholders may also receive up to $200 million in cash if the airline decides to spin off its loyalty program and freight unit, with plans for a possible restructure come after Airline Partners Australia failed in its takeover attempt.

It is also reported that Qantas management is interested in adopting many of the plans the Macquarie Bank-led group had for Qantas, and could announce changes as early as next month.

Report by The Mole



 

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John Alwyn-Jones



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