Nearly 45% of Qantas foreign owned

Nearly 45% of Qantas foreign owned
By admin


Foreign ownership of Qantas now stands at 44.7%, putting it closer to the 49% limit allowed under the Qantas Sale Act.

The airline is required to notify the Australian stock market when foreign ownership exceeds 44%.

Qantas foreign ownership stood at 43.7% prior to the announcement today on ASX, however the airline has not revealed who bought the additional stock.

US-owned Franklin Resources are Qantas' largest shareholder, with an 18.66% stake in the airline at last count in April.

The past 12 months have been trying times for the airline, recently posting a record $2.8 billion annual loss due to the poor performance of its international business and a brutal domestic war with rival Virgin Australia.

Meanwhile the airline is mixing up its international routes to meet demand.

Qantas and SriLankan Airlines today announced a new codeshare agreement, making it easier for Australians to visit Colombo and surrounding holiday destinations, and creating new options for Sri Lankan travellers to access Australia.

Qantas has also published four additional return Boeing 737-800 services to Wellington from 19 – 23 December 2014 to cater for increased demand over the holiday period. 

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