Tuesday, January 30, 2007

Qantas to purchase Pacific Airlines?

It is said that the Australian air carrier Qantas is attempting to purchase shares of Pacific Airlines. Meanwhile, the information is not neither confirmed nor denied by the involved parties.
The ‘hot news’ came to the public ears after Qantas Airways’ Finance Director Peter Gregg stated on the sideline of an event held in Singapore that Qantas is planning to purchase a big volume of shares worth two digits of millions dollars from an airline in Asia. He said that this is a part of the air carrier’s plan to expand the air route network of Qantas in the Asia Pacific market.
From February 2007, Pacific Airlines will become the first Vietnamese budget airline. In the immediate time, it would provide budget flights from Hanoi to Da Nang and HCM City (domestic flights) and two destinations Taipei and Cao Hsiung in Taiwan. The plans on opening the air routes to Japan, China, Hong Kong, Macau and India have also been mentioned by the airline on its website.
Analysts said that if the purchasing deal can be made, Qantas would purchase 49% of total shares of Pacific Airlines at maximum, which belong to the Ministry of Finance of Vietnam.
30/01/07 VietNamNet Bridge, Vietnam
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