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PanAm_DC10
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Joined: Wed Aug 23, 2000 7:37 am

Qantas To Buy 30% Of Pacific Airlines

Thu Apr 26, 2007 4:32 pm

Qantas have announced that they will buy 30% of Pacific Airlines in Vietnam.

- The investment will be via the Vietnamese State Capital Investment Corporation
- QF intend to use this as a vehicle to extend Jetstar's growth in S.E. Asia
- QF will work with them to remodel their business and fleet away from 737-400s
- QF will have Board representation and key management positions

http://www.asx.com.au/asx/statistics...eSearchType=D&releasedDuringCode=W You will need to open the PDF which is in the attached link.

Interesting that QF Group are still going ahead with strategic investments and I'm left to ask will it be Jestar Asia or Jetstar as an entity that they will use

Regards, PanAm_DC10
Ask the impossible to achieve the best possible
 
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EK413
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Joined: Sat Nov 29, 2003 3:11 pm

RE: Qantas To Buy 30% Of Pacific Airlines

Thu Apr 26, 2007 11:17 pm

Received an email this evening and I believe the purchase has gone ahead...

EK413
Good evening, ladies and gentlemen. We are tonight’s entertainment!
 
ZKNBX
Posts: 440
Joined: Mon Jul 17, 2006 5:24 pm

RE: Qantas To Buy 30% Of Pacific Airlines

Fri Apr 27, 2007 6:52 pm

Pacific Airlines operate only two a/c

1 x A320 and
1 x B734
 
cchan
Posts: 954
Joined: Sat May 17, 2003 8:54 pm

RE: Qantas To Buy 30% Of Pacific Airlines

Fri Apr 27, 2007 7:01 pm

They used to have an A310? I believe VN is a very fierce competitor in the Vietnamese market (and I quite like the VN Fokker 70).
 
zoom1018
Posts: 201
Joined: Mon May 16, 2005 2:59 pm

RE: Qantas To Buy 30% Of Pacific Airlines

Fri Apr 27, 2007 7:51 pm

Quoting ZKNBX (Reply 2):

The local press today reported that Pacific Airlines having 4 x 737-400.
 
baroque
Posts: 12302
Joined: Thu Apr 27, 2006 2:15 pm

RE: Qantas To Buy 30% Of Pacific Airlines

Fri Apr 27, 2007 8:09 pm

Quoting PanAm_DC10 (Thread starter):
Interesting that QF Group are still going ahead with strategic investments and I'm left to ask will it be Jestar Asia or Jetstar as an entity that they will use

Curious to be buying an outhouse during a firesale of the main "dwelling". I wonder what the real story is behind all this "stuff".

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