Qantas and Australia Post renew partnership on joint ventures and sign mail contracts
Qantas and Australia Post confirmed the renewal of their partnership in joint ventures, Australian air Express and Star Track Express, in addition to signing a new five year mail contract with a combined value of $100m per annum. Qantas chief executive officer, Mr Alan Joyce, said Australian air Express and Star Track Express were strategically important assets and as such, Qantas and Australia Post had committed to remain equal partners in both ventures.
Details of a future direction for Australian air Express and Star Track Express will be released once this has been completed.
“We recognise the significant value that exists in Australia air Express and Star Track Express and we’re also in agreement that we’ve yet to tap into it their full potential,” said Australia Post CEO and MD, Ahmed Fahour.
“Our investment in Australian air Express and Star Track Express is strongly aligned with the Future Ready business renewal program that sees us developing our capabilities in the parcels and express services areas,” said Mr Fahour.
Mr Joyce said Qantas and Australia Post had also signed a new five year contract for air transport delivery of international and domestic mail on Qantas aircraft as well as a contract for domestic belly space with Australian air Express.
“Qantas and Australia Post have a long record of working together – in fact our first mail service was in 1922,” Mr Joyce said.
Qantas and Australia Post operate two joint ventures:
– Australian air Express, Australia’s leading domestic express air freight service company;
– Star Track Express, a premier road express transport and logistics solutions provider.
