PRIVATE equity group CVC Asia Pacific has opted for a back-door exit from its holding in Stella Travel Services by organising a $440 million scrip-based merger with listed competitor Jetset Travelworld.
The deal, which has been approved by the Jetset board, comes less than 12 months after CVC and investment bank UBS took joint control of [...]
May 11 (Bloomberg) — Qantas Airways Ltd., and Virgin Blue Holdings Ltd. gained in Sydney trading after Royal Bank of Scotland Group Plc and Macquarie Group Ltd. analysts today affirmed “buy” ratings on the airline stocks.
Qantas rose as much as 4.7 percent, the most since Dec. 21, and traded 3.9 percent higher at A$2.68 [...]
A fresh volcanic ash alert prompted Qantas to cancel one flight out of London and delay another for 11 hours, infuriating passengers after nearly a week of travel chaos.
As carriers worldwide resumed European services, the Australian airline cancelled a flight to Melbourne via Hong Kong and delayed QF8232 to Singapore and Sydney after being warned [...]
SYDNEY (Dow Jones)–Qantas Airways Ltd. (QAN.AU) will resume flights to and from Europe later Wednesday but believes the disruption will not impact its ability to meet its earnings forecast.
Chief Executive Alan Joyce said in a statement the Australian carrier has applied for extra landing slots at London’s Heathrow and Frankfurt’s airport to help around [...]
CLOSE to 2000 Qantas passengers, who left Australia on the last flights to Europe on Thursday, were stranded at international airports in Asia yesterday, some still without accommodation last night. Five London-bound flights were grounded at Singapore, Hong Kong and Bangkok after volcanic ash from an Icelandic volcano disrupted airline traffic across most of Europe [...]
March 24 (Bloomberg) — Qantas Airways Ltd. will keep its target of limiting annual employee pay increases to 3 percent as it starts talks for new workplace agreements, the Australian Financial Review reported, citing union officials. The Australian Services Union, which has the biggest representation at Qantas, is finalizing claims that will be above the [...]
VICTORIAN police chief Simon Overland should face the full force of the law and not be given special treatment for carrying bullets on to a Qantas passenger jet, one of the nation’s most senior crime investigators says.
Mark Le Grand, the former director of the official misconduct division of Queensland’s Criminal Justice Commission, said a retired [...]
March 17 (Bloomberg) — Jetstar, Qantas Airways Ltd.’s budget airline unit, expects to further reduce costs as rising Asian travel demand and new routes boost traffic.
“We can definitely continue to drive costs out of our business,” Jetstar Chief Executive Officer Bruce Buchanan, 37, said in an interview in Bloomberg’s Melbourne bureau yesterday. “If you [...]
March 15 (Bloomberg) — Qantas Airways Ltd. is scrapping first-class cabins complete with sheepskin-covered mattresses, while Air France-KLM Group is ripping out some of its cheapest seats as airlines reconfigure planes to win downgraded business travelers.
A slump in first and business-class travel last year wiped out $85 billion in airline sales and is creating [...]
Qantas wants to operate direct services to Papua New Guinea from Cairns, and has applied for air rights to fly 12 weekly services with its Bombardier aircraft.
The government Friday revealed that it had received an application from Qantas requesting the rights for 888 seats per week between Cairns and Port Moresby.
“Qantas plans to commence services [...]
