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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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