United Kingdom
United States
Asia Pacific
Test – please ignore
Ms Jackson said the Directors had also approved an on-market buy-back of up to approximately 10 per cent of Qantas shares which would, when completed, amount to a reduction of capital of over $1billion.
She said the company’s cash position had improved by $461 million to $3.4 billion, providing surplus capital to make the share buy-back possible.
Ms Jackson said Qantas would fund the buy-back from cash reserves and did not expect it to have an impact on Qantas’ current BBB+/Baa1 (negative outlook) unsecured credit ratings.
“We expect the process to commence in September 2007, and will announce the brokers who will undertake the share buy-back on behalf of Qantas shortly,” she said.
“The duration of the buy-back will depend on market conditions and any governance issues that may arise during the buy-back.”
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision