A Sky News report says that Qantas Airways could be gearing up for a radical restructure as company executives finalise plans to be presented to directors next Wednesday.
The Financial Review also reports that the restructure may see the creation of a new company, which will own the airline’s fleet of over 200 planes.
Qantas shareholders may also receive up to $200 million in cash if the airline decides to spin off its loyalty program and freight unit, with plans for a possible restructure come after Airline Partners Australia failed in its takeover attempt.
It is also reported that Qantas management is interested in adopting many of the plans the Macquarie Bank-led group had for Qantas, and could announce changes as early as next month.
Report by The Mole
