keesje
Posts: 8864
Joined: Thu Apr 12, 2001 2:08 am

Qantas Stake Picked Up By SQ Owner Temasek?

Fri Sep 10, 2004 4:41 pm

Temasek = Singapore governement organization

They own 57% of SQ

They are said to have picked up much of the stock BA sold

Singapore Changi has a strategic position inbetween UK and Australia.

Europe - Australia LR aircraft bypassing Singapore can be seen as a long term thread to them.

Are they trying to buy in ?
"Never mistake motion for action." Ernest Hemingway
 
cx346
Posts: 49
Joined: Mon Apr 07, 2003 9:51 pm

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Fri Sep 10, 2004 9:13 pm

rumours. the tranche was split and bought by several parties, none of them obviously Temasek affiliated.
 
PerthGloryFan
Posts: 725
Joined: Fri Oct 27, 2000 9:48 pm

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Fri Sep 10, 2004 9:23 pm

Details here:

http://finance.news.com.au/common/story_page/0,4057,10721898%255E462,00.html

Seems Temasek may have got about 5% - they are already 19% shareholders in QF Singapore based LCC Jetstar Asia.

PGF
 
johnnybgoode
Posts: 2144
Joined: Wed Jan 03, 2001 8:47 pm

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Fri Sep 10, 2004 10:33 pm

i would not read too much into Temasek buying BA´s stake of QF. although this inevitably invites rumors, lots of rumors, in regards to QF, SQ and NZ, reshaping the Australasian airline industry and so forth, Temasek has even teamed up with QF to form Jetstar Asia, which is going to battle it out with SQ´s LCC unit. then again, Temasek owns another stake in a second Singapore-based LCC, so they´re involved in at least four rivaling airlines.

but still, it can mean nothing and anything at the same time, it´s for sure an interesting move.

rgds
daniel
If only pure sweetness was offered, why's this bitter taste left in my mouth.
 
keesje
Posts: 8864
Joined: Thu Apr 12, 2001 2:08 am

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Mon Sep 13, 2004 4:31 am


Qantas Airways will probably begin flying to Beijing within a year as part of its expansion into Asia, the Australian flag-carrier’s chief executive, Geoff Dixon, said today.

When British Airways sold its 18.25% stake in Qantas last week, Dixon said Qantas would be free to expand its Asia-Pacific presence, and to take part in any future consolidation among the region’s airlines.

"and to take part in any future consolidation among the region’s airlines"

any consolidation within Oneworld I presume, mr Dixon ?!

I smell something..

http://breaking.examiner.ie/2004/09/12/story166198.htm
"Never mistake motion for action." Ernest Hemingway
 
QANTAS077
Posts: 5176
Joined: Wed Jan 14, 2004 5:08 pm

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Mon Sep 13, 2004 10:37 am

Qantas stake went 70% to domestic institutions and 30% to international, in the end Temasek ended up with approximately 1% stake in Qantas, which beggars the question, why even bother??!!
 
bill142
Posts: 7853
Joined: Wed Aug 04, 2004 1:50 pm

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Mon Sep 13, 2004 11:12 am

With 1% they got their foot in the door. It will now be easier for Temasek to gain more shares.
 
PER744
Posts: 397
Joined: Sun Mar 09, 2003 11:38 am

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Mon Sep 13, 2004 2:12 pm

Bill142: how exactly will owning 1% make it easier for Temasek to gain more shares?
 
bill142
Posts: 7853
Joined: Wed Aug 04, 2004 1:50 pm

RE: Qantas Stake Picked Up By SQ Owner Temasek?

Mon Sep 13, 2004 3:59 pm

*shrug* I have no idea... they have their foot in the door and maybe able to take advantage of it. I'm not sure how, as I'm not too sure on the rules regarding their ownership. It may not be easier for them to get more shares. It was a false comment on my behalf.