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Qantas takes 19.9% stake in Alliance Airlines, eyes control

February 01, 2019 / Flightglobal

Qantas has signalled that it intends to take a majority stake Alliance Airlines, having acquired a 19.9% stake in the Brisbane-headquartered operator.The Oneworld carrier states that the stake was acquired at a total cost of A$60 million ($43.6 million), at an average price of A$2.40 per share.Qantas expects to ultimately seek regulatory approval from the [Australian Competition and Consumer Commission] to build on its current shareholding, with a longer-term view of taking a majority position in Alliance Airlines in order to better serve the charter market by unlocking synergies