TravelMole
Air

Qantas officially announces deferred FF IPO

Wednesday, 24 September 20083 min read

Qantas said formally today that as previously announced it has been exploring a minority Initial Public Offering (IPO) of the Qantas Frequent Flyer business.

The Board, at a meeting this week, decided that in this period of heightened market volatility, it would be appropriate to defer the IPO.

The Board said preparations would continue for a minority IPO in the first half of 2009.

A Report by The Mole