QANTAS acquires 19.9% stake in Alliance Airlines

The Qantas Group has taken a 19.9% shareholding of Australian-based charter operator, Alliance Airlines, for an average price of $2.40 per share and for a total cost of $60 million. 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. Qantas expects to ultimately seek regulatory approval from the ACCC to build on its