Qantas buying into Alliance

[MarkR]

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/