Qantas Airways Ltd. (QAN), seeking to turn around losses on international flights, is looking at getting separate licenses for its international and domestic businesses amid interest from Emirates Airline in an enhanced tie-up between the carriers.
Qantas has a group looking at whether a split license would be the best way of running the businesses after announcing a restructure May 22, Chief Executive Officer Alan Joyce told a media event in Sydney today.
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Alan Joyce, chief executive officer of Qantas Airways Ltd. Photographer: Ian Waldie/Bloomberg
“We’re exploring that as we speak” he said. While Qantas’s constitution and a 1992 Australian law cap foreign investment in the carrier at 49 percent, second-ranked Virgin Australia Holdings Ltd. (VAH) recently separated its international and domestic businesses to get around similar rules.
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