Tuesday, 21 August 2012

Qantas announces Star Track Express sale

Qantas, one of Australia’s leading air freight carriers, has confirmed plans to give away its 50 percent stake in the trucking business, Star Track Express.

Image c/o startrackexpress.com.au

According to Analytiqa.com, Star Track failed to increase its net growth. Moreover, Alan Joyce, Chief Executive of Qantas, stated that the air freight forwarder would no longer be focussed on trucking as a central business arm.

If Qantas went forward with the sale, it could gain a potential sum of US$ 304 million. Speculations about the company selling off Australian Air Express were confirmed untruthful.

Source: Analytiqa.com

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