I came across the following report and it struck me as interesting given the QF Groups plans for JQ and Jestar Asia. I am not sure as to the merit of the report though any additional information would be appreciated.
Fair use excerpt
By Naila Firdausi
Feb. 4 (Bloomberg) -- PT Adam Skyconnection Airlines, an Indonesian budget carrier, is in talks to sell a stake to Australia's Qantas Airways Ltd, Adam's President Director Adam Suherman said.
Adam Air, as the Jakarta-based airline is known, said Qantas's Chief Executive Officer Geoff Dixon was in Jakarta for two days through yesterday and visited the company's facility.
``The government has a limit of up to a 49 percent stake of foreign ownership in Indonesian airlines, so it will not exceed that limit,'' Suherman said in a telephone interview. Qantas ``wants a bigger stake, but we want it to be not too much. It will probably be in the 20% range"
Qantas executives met with Adam Air counterparts over the past days ``just as they do with a whole range of airlines from time to time,'' a spokeswoman in Sydney said today, citing Chief Financial Officer Peter Gregg. She didn't comment any further.
I thought QF would focus more on Jetstar Asia, what benefits could QF hope to gain from such an investment if this report is valid?