QF divests Star Track Express to get 100% ownership of AAE from Aus Post

[markis10]

http://www.asx.com.au/asxpdf/20121002/pdf/4293cgwx4hbbzg.pdf

Picks up $408 million cash for the exchange for a net profit of $20M.

 

[moa999]

In the current market, the cash helps...

 

[JQ29]

AaE being dismantled and Qantas Freight taking full control is what I've heard. Any one else ?

 

[Simo]

I use AAE and star track everyday for freight.

One day AAE will deliver it all and then part of the order will be delivered by AAE and the other part will be delivered by Star track.

 

[JQ29]

I think it will be all star track soon. AaE logo disappearing