Qantas, Australia Post To Restructure Freight Ventures -Report -- Newtron23/11/20106/12/2010Canberra Zimbabwe368

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Date Posted: Tuesday, November 30, 08:39:06am
Author: SYDNEY (Dow Jones)--Qantas Airways Ltd. (QAN.AU) and Australia Post have decided against merging the two joint-venture freight companies they operate, says a report in Tuesday's Australian Financial Review.
Subject:

Qantas, Australia Post To Restructure Freight Ventures -Report
In reply to: failure 's message, "Aon estimated that the Qantas incident lifted airline industry insurance losses to $1.96 billion so far this year, slightly below the $2.09 billion recorded at this stage in 2009." on Tuesday, November 30, 08:36:55am

Qantas, Australia Post To Restructure Freight Ventures -Report
30/11/2010 7:36AM

SYDNEY (Dow Jones)--Qantas Airways Ltd. (QAN.AU) and Australia Post have decided against merging the two joint-venture freight companies they operate, says a report in Tuesday's Australian Financial Review.

The two companies will instead install a holding company over Star Track Express and Australia Air Express to instigate structural changes, said Qantas Chief Financial Officer Gareth Evans, according to the report.

"Right now, the retail business is managed together with the wholesale in both companies," the report quotes Evans as saying. "By shifting the structure around we can get more focus in each business, and it leaves distinct retail and wholesale operations rather than collapsing them all together."

Newspaper website: http://www.afr.com

-By Sydney bureau; 61-2-8272-4680; djnews.sydney@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=hoi4UAhGpybSABbnGFFGDA%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

November 29, 2010 15:36 ET (20:36 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

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