Qantas selling Mascot land

[HappyFlyerFamily]

Qantas is expected to raise more than $500 million through the sale of several major Mascot land holdings covering almost 14 hectares in the heart of South Sydney’s booming industrial precinct.

The airline has owned some of the land since the 1960s and decided to sell following a wide-ranging property review which confirmed the Qantas headquarters will remain in Sydney.

https://www.commercialrealestate.com.au/news/qantas-in-500m-sale-of-mascot-land-to-pay-down-debt-1075943/

 

[Simo]

Will be interesting to see the long term strategy with the land sale..

I am guessing that it is away to give some extra cash buffers but my concern is renting the space will cost more in the long run the ownership

 

[dk4]

Will be interesting to see the long term strategy with the land sale..

I am guessing that it is away to give some extra cash buffers...

Cash buffers!!??! Aren't they mortgaged to the hilt? Perhaps you mean - finally pay passengers their refunds immediately, instead of dragging things out for months on end, or payout the proportion of "stood down" staff members who might be more realistically defined as "retrenched", and I am left to wonder if everyone else who they might owe money to is being paid on time? Unfortunately, I don't think we are talking about some "rainy day" buffers!

 

[burmans]

I think the whinge about Qantas thread is somewhere else.