Qantas Corrects Sydney Morning Herald Article

Qantas said yesterday that it had no plans or need for a capital raising, contrary to an article in today’s Sydney Morning Herald.

As announced on 24 September 2008, Qantas has decided to defer an Initial Public Offering (IPO) of the Qantas Frequent Flyer business.

In considering an IPO of the Frequent Flyer business, Qantas has been motivated by generating value for Qantas shareholders, rather than by any need for funding.

A Report by The Mole