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Old 1st February 2019, 11:28 AM
MarkR MarkR is offline
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Join Date: Dec 2012
Posts: 2,059
Default Qantas buying into Alliance

Interesting move!

The Qantas Group has taken a 19.9 per cent shareholding of 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 profitable, well-managed business with high levels of operational maturity. It is also a long-term provider to the Qantas Group and flies regional services on behalf of the national carrier.

The 19.9 per cent stake was acquired for an average price of $2.40 per share and for a total cost of $60 million

https://www.qantasnewsroom.com.au/me...ance-airlines/
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