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 F100s, 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.
