(MENAFN) Emirates Airlines said they are not interested in investing in the international operations of Qantas, The Peninsula Qatar reported.
In the most drastic restructuring step since Qantas was privatized two decades ago, the airline is separating its international arm from its domestic business which will allow a foreign airline to take as much as a 49 percent stake in the company.
Analysts had suggested that Emirates could be interested but Emirates' CCO said that such a move doesn't fit with the airline's strategy of buying planes and investing in products but not buying shares.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.