Qantas takes 19.9% stake in Alliance Airlines, eyes control

Qantas has signalled that it intends to take a majority stake Alliance Airlines, having acquired a 19.9% stake in the Brisbane-headquartered operator. The Oneworld carrier states that the stake was acquired at a total cost of A$60 million ($43.6 million), at an average price of A$2.40 per share. “Qantas expects to ultimately seek regulatory approval […]
Source: http://www.ncairways.co/aviation/qantas-takes-19-9-stake-in-alliance-airlines-eyes-control/