Key Developments: Qantas Airways Ltd (QAN.AX)

QAN.AX on Australia Stock Exchange

1.31AUD
25 Jul 2014
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$0.03 (+1.95%)
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Latest Key Developments (Source: Significant Developments)

Qantas Airways Ltd announces issue of unsecured fixed rate notes
Monday, 12 May 2014 04:30am EDT 

Qantas Airways Ltd:Issues A$300 mln unsecured fixed rate notes, maturing in May 2022.Notes are priced at 400 basis points over the asset swap rate.Settlement of the transaction is expected to occur on May 19.Says transaction will not affect Qantas overall debt position, with proceeds from the issue to be used to repurchase from one investor $126 mln of Qantas’ 6.05 pct notes due April 2016.To repay other shorter term debt maturities.Repurchased Notes will be cancelled.  Full Article

Westpac Banking Corporation ceases to be substantial holder of Qantas Airways Ltd
Monday, 14 Apr 2014 02:37am EDT 

Qantas Airways Ltd:Says Westpac Banking Corporation and its associated companies ceases to be a substantial share holder of the company.  Full Article

Atlas Air Worldwide Holdings Inc's Atlas Air Inc and Qantas Airways Ltd extend ACMI relationship
Thursday, 27 Feb 2014 08:18am EST 

Atlas Air Worldwide Holdings Inc:Its Atlas Air, Inc. unit and Qantas Airways Ltd. have extended their long-standing ACMI (aircraft, crew, maintenance and insurance) relationship.Under terms of agreement, Atlas Air will continue to operate two Boeing 747-400 freighters in ACMI service for Qantas on trans-Pacific routes linking Australia and Asia with the United States.  Full Article

Qantas Airways Ltd announces ownership interests of AXA SA, AllianceBernstein Australia Ltd and bodies corporate
Friday, 6 Dec 2013 12:38am EST 

Qantas Airways Ltd:Says AXA SA, AllianceBernstein Australia Ltd and bodies corporate and other related entities hold 109,898,909 person's votes in the company, representing 5.00 pct of voting power.  Full Article

S&P downgrades rating on Qantas Airways Ltd to "BB+" and rating outlook stable
Thursday, 5 Dec 2013 08:57pm EST 

Qantas Airways Ltd:Rating has been downgraded to "BB+" from "BBB-" by Standard & Poor’s (S&P).Rating outlook stable.  Full Article

Qantas Airways Ltd announces ownership interests of UBS AG and its related bodies corporate
Thursday, 5 Dec 2013 04:22am EST 

Qantas Airways Ltd:Says UBS AG and its related bodies corporate hold 110,731,409 person's votes in the company, representing 5.04 pct of voting power.  Full Article

Qantas Airways Ltd Review Sparks Job Fears In Geelong-AAP
Tuesday, 17 Sep 2013 02:46am EDT 

Australian Associated Press reported that Qantas Airways Ltd has flagged a review of its Victorian aircraft maintenance work at Avalon in another feared job blow for the struggling Geelong region. Qantas's move, announced on September 17, 2013, quickly sparked union fears of up to 300 remaining engineering jobs being made redundant. The decision has come after Ford announced its Geelong plant closure in 2016, costing 510 jobs; Target slashed about 200 jobs; and Shell flagged the sale of its Geelong refinery, threatening some 450 local jobs. Geelong City Council acting mayor Bruce Harwood called on Qantas to retain jobs at Avalon, saying any reduction would be a disappointment. The Australian Workers Union (AWU) said the airline's review is code for closure and job cuts. But Qantas is stressing that no final decision has been made as the review at Avalon begins.  Full Article

Qantas Airways Ltd Announces Ownership Interest Of National Australia Bank Ltd
Monday, 16 Sep 2013 10:46pm EDT 

Qantas Airways Ltd announced that National Australia Bank Ltd and its associated entities has an interest of Voting power ordinary 113,642,956 (units), representing 5.069% of shares of the Company.  Full Article

Northrop Grumman Corp's Northrop Grumman Australia Pty Limited Agrees To Acquire Qantas Airways Ltd's Defence Services Business
Wednesday, 28 Aug 2013 07:13pm EDT 

Northrop Grumman Australia Pty Limited, a subsidiary of Northrop Grumman Corp, announced that it has signed a definitive agreement with Qantas Airways Ltd to acquire Australia-based Qantas Defence Services Pty Limited (QDS). QDS provides integrated logistics, sustainment and modernization support to Australian government and military customers. The acquisition is subject to various conditions and is expected to close in 2014. Terms of the transactions were not disclosed.  Full Article

Shun Tak Holdings Ltd Buys Into Qantas Airways Ltd And China Eastern Airlines Corporation Ltd's HK Joint Venture-Reuters
Wednesday, 5 Jun 2013 10:20pm EDT 

Reuters reported that Qantas Airways Ltd and China Eastern Airlines Corp Ltd have sold a $66 million stake in their budget airline Joint Venture to Shun Tak Holdings Ltd. Shun Tak will take 33.3% of Jetstar Hong Kong, which was launched in 2012 but is still awaiting approval for its air operator's certificate.  Full Article

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Aviation safety in spotlight after some airlines avoided Ukraine

SYDNEY - Qantas Airways QAN.AX and several other airlines altered their flight paths some time ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.

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