SYDNEY – Qantas said today that it had no plans or need for a
capital raising, contrary to an article in today’s Sydney Morning Herald.
A company statement issued in response to an article in the SMH said, “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.â€
The SMH had claimed that “Qantas may be forced to make its first capital raising in six years to keep its investment-grade credit rating, after shelving a partial float of its frequent flyer program until the first half of next year.â€
