Home LATEST NEWS Qantas’ proposed acquisition of Alliance Airlines.

Qantas’ proposed acquisition of Alliance Airlines.

by Editor
Qantas’ proposed acquisition of Alliance Airlines.

Australian flag carrier Qantas has agreed to acquire the remaining 80% stake that it does not already own in Alliance Aviation Services in an all-scrip deal. The latest deal will see Alliance become a wholly-owned part of Qantas.

An Australian-based operator with a fleet of 70 jet aircraft, with a seating capacity of 100 each, Alliance constitutes 2% of the domestic airline market. Qantas will issue nearly $444m (A$614m) of new shares to buy the remaining Alliance stake.

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