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.
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| 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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