Each week the Blue Swan Daily brings you a snap shot of the key share and oil prices related to all things travel and aviation.
Qantas acquired (01-Dec-2017) 7.0 million shares under its repurchase programme, for a total consideration of AUD39.9 million (USD30.3 million). The carrier has AUD14.4 million (USD10.9 million) remaining under the share buy-back authorisation. Qantas also reported that BlackRock Group reduced its shares held in the carrier from 115.6 million to 88.4 million, lowering its voting power from 6.39% to 5.02%.
Qantas Group CEO Alan Joyce said the airline will make a decision on whether it will order more Boeing 787s in 2018. According to the CAPA Fleet Database, the Qantas group has 11 787-8s and one 787-9 in service, with another seven 787-9s on order. Mr Joyce reported Qantas Group has 45 purchase options and rights for 787s.
American Airlines VP sales Asia Pacific Shane Hodges, speaking at the ACTE-CAPA Global Conference Sydney, stated (29-Nov-2017) he is hopeful the carrier’s relationship with Qantas Airways “will move to the next level”. He confirmed American plans to refile with the US Department of Transportation (US DoT) for a new joint business arrangement. As previously reported by CAPA, the first proposed joint agreement was rejected by the US DoT. “We hope for good news next year”, Mr Hodges said.
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