codash1099
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- Aug 2, 2006
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- Qantas
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This has been discussed in other threads, but I thought it worth a fresh start.
[FONT="]Qantas board to consider restructure plan - report[/FONT]
[FONT="]Wednesday July 11, 2007[/FONT][FONT="], [/FONT][FONT="]8:35 am[/FONT]
[FONT="]SYDNEY, July 11 (Reuters) - The board of Qantas Airways Ltd. is expected to consider a plan next week to create a separate company to own its fleet of more than 200 planes, including a A$23 billion ($20 billion) order for up to 115 Boeing 787s, the Australian Financial Review said.[/FONT]
[FONT="]Qantas executives would also present a plan to the airline's directors to spin off its freight unit and frequent flyer loyalty scheme, the newspaper said in an unsourced report on Wednesday.[/FONT]
[FONT="]The first board meeting since a failed A$11 billion private equity bid for Australia's biggest airline, would also consider a possible return of cash to shareholders announced in May, it said.[/FONT]
[FONT="]The report said it was understood that Qantas was considering various options for the fleet spin-off, including seeking co-investment from leasing firms and selling a stake in the business through a stockmarket listing.[/FONT]
[FONT="]In May, Qantas said it might spin off some freight operations and other units or return billions of dollars to shareholders following the unsuccessful takeover bid.[/FONT]
[FONT="]A Qantas spokesman declined to comment. [/FONT]
[FONT="]Qantas board to consider restructure plan - report[/FONT]
[FONT="]Wednesday July 11, 2007[/FONT][FONT="], [/FONT][FONT="]8:35 am[/FONT]
[FONT="]SYDNEY, July 11 (Reuters) - The board of Qantas Airways Ltd. is expected to consider a plan next week to create a separate company to own its fleet of more than 200 planes, including a A$23 billion ($20 billion) order for up to 115 Boeing 787s, the Australian Financial Review said.[/FONT]
[FONT="]Qantas executives would also present a plan to the airline's directors to spin off its freight unit and frequent flyer loyalty scheme, the newspaper said in an unsourced report on Wednesday.[/FONT]
[FONT="]The first board meeting since a failed A$11 billion private equity bid for Australia's biggest airline, would also consider a possible return of cash to shareholders announced in May, it said.[/FONT]
[FONT="]The report said it was understood that Qantas was considering various options for the fleet spin-off, including seeking co-investment from leasing firms and selling a stake in the business through a stockmarket listing.[/FONT]
[FONT="]In May, Qantas said it might spin off some freight operations and other units or return billions of dollars to shareholders following the unsuccessful takeover bid.[/FONT]
[FONT="]A Qantas spokesman declined to comment. [/FONT]