Alliance Airlines (QQ, Brisbane International) has confirmed several changes to its shareholding have been effected since the beginning of the month.
A series of Australian stock market disclosures confirmed that on February 1, Austrian Airlines (OS, Vienna) sold off its 8.31% stake in Alliance Airlines while Perpetual Ltd., an Australian investment and trustee group, reduced its shareholding by 1.69% from 7.03% to 5.34%.
On that same day, Qantas (QF, Sydney Kingsford Smith) acquired a 19.9% stake in the carrier.
Qantas Group is expected to buy up more stock in the future as it seeks to become a majority shareholder in Alliance Airlines.
Alliance Airlines is Australia’s largest air charter operator providing dedicated contract, charter and aviation services supporting the resource, tourism and MICE industries as well as a range of other group travel requirements.
It operates twenty-five Fokker 100s, five Fokker 50s, and fourteen Fokker 70s on charter flights throughout Australia, New Zealand, the Pacific Islands, and South East Asia. Major clients include Qantas and Virgin Australia.
