The Qantas Group today announced it will repay $650 million in debt ahead of schedule and invest up to $100 million in an on-market share buy-back. The share buy-back represents up to approximately 4 per cent of Qantas shares on issue1 and is expected to begin in December 2012. Qantas Chairman Leigh Clifford said the […]

Annual General Meeting – CEO’s Address

Annual General Meeting – Chairman’s Address

Qantas today announced it had reached an agreement to sell its 50 per cent stake in StarTrack to Australia Post and acquire 100 per cent of the air freight business Australian air Express. Qantas expects to receive net proceeds of $408 million plus completion adjustments of approximately $5 million from the transaction. It is estimated […]

Qantas has today welcomed the decision by Fair Work Australia in the arbitration case with the Transport Workers’ Union which mandates that Qantas is entitled to run its business free from union control. The TWU had last year attempted to use the bargaining process for a new enterprise agreement to dictate how certain parts of […]