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Qantas frequent flyer float plan put on ice
Qantas Airways will formally shelve plans for a partial float of its $2.5 billion loyalty business next week, ending months of speculation about whether the airline will reduce ties with one its most profitable businesses.
It is understood management will tell the board it does not want to pursue a partial float or trade sale of Qantas Loyalty after examining the option for the past nine months.
The decision is expected to be *supported by the board, which will meet next week ahead of the airline’s annual results release next Thursday.
Qantas frequent flyer float plan put on ice