Wirraway
25th Aug 2003, 08:43
Bloomberg
Qantas in Talks to Sell A$500 Million of Terminals, Review Says
Aug. 25 (Bloomberg) -- Qantas Airways Ltd. is negotiating the sale of A$500 million ($326 million) of airport terminals in Sydney and Melbourne to fund new investments, the Australian Financial Review reported.
Talks with the airport companies and other parties have begun on ways to sell the properties, freeing up cash and converting the airline's terminal cost to a variable rental, the newspaper said.
While the airport companies would be interested in buying the terminals, spinning off the properties into a listed trust is another option being considered, the newspaper said, without saying where its information came from.
All the airline's property, including the company's Sydney freight terminal and jet base, is being considered for sale, the newspaper said, citing Qantas Chief Financial Officer Peter Gregg. Qantas wants to decide whether to proceed with the terminal sale within the next six months, the newspaper quoted Gregg as saying. access the AFR Web site.
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Qantas in Talks to Sell A$500 Million of Terminals, Review Says
Aug. 25 (Bloomberg) -- Qantas Airways Ltd. is negotiating the sale of A$500 million ($326 million) of airport terminals in Sydney and Melbourne to fund new investments, the Australian Financial Review reported.
Talks with the airport companies and other parties have begun on ways to sell the properties, freeing up cash and converting the airline's terminal cost to a variable rental, the newspaper said.
While the airport companies would be interested in buying the terminals, spinning off the properties into a listed trust is another option being considered, the newspaper said, without saying where its information came from.
All the airline's property, including the company's Sydney freight terminal and jet base, is being considered for sale, the newspaper said, citing Qantas Chief Financial Officer Peter Gregg. Qantas wants to decide whether to proceed with the terminal sale within the next six months, the newspaper quoted Gregg as saying. access the AFR Web site.
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