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Finance / Australia

Quantas May Offload Freight Subsidiaries After Weak Growth

May 2010 | Corporate Financing Analysis

Australia's largest air carrier, Quantas, is reportedly planning to divest its stakes in its two express delivery subsidiaries, Australian air Express and Star Track Express. The move is part of an industry-wide trend that has seen airlines offloading non-core business as part of their attempt to recover from the global economic downturn.

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