Australia Post & Qantas set up holding company
Australia Post and Qantas Airways are set to create a holding company to prompt structural changes at the companies’ two joint venture firms. According to The Australian Financial Review, the decision to pursue this avenue comes about after Australia Post and Qantas Airways abandoned a full merger of Star Track Express and Australian Air Express.
Speaking to the newswire, Qantas Airways chief financial officer Gareth Evans said a holding company would generate two stronger business units, and avoid the complexity of a full merger.
“By shifting the structure around we can get more focus in each business, and it leaves distinct retail and wholesale operations rather than collapsing them all together,” Evans was quoted as saying.
