Qantas Says No Interest In JAL Equity Stake

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Published: August 9, 2012

Australia’s Qantas Airways has no interest in taking an equity stake in Japan Airlines, Qantas chief executive Alan Joyce said.

Japan Airlines has been sounding out trading houses and other business partners as potential investors ahead of its roughly USD$ 8 billion initial public offering slated for next month, sources with knowledge of the matter have said.

In June, Qantas warned of its first annual net loss since it was privatised in 1995, blaming deep losses at its international operations, weak travel demand and soaring fuel costs, sending its shares to a record low.

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