iscoverThe Senate has passed a motion by Australian Greens spokesperson for Transport Senator Lee Rhiannon, noting the benefits of a majority Australian-owned Qantas and calling on the government to seriously consider investing in the airline. “After Holden’s announcement yesterday, it has become even more important for the government to step in and protect Australian jobs,”
An Australian aviation biofuel industry is technically viable but significant obstacles remain, according to a report released by Qantas and Shell. The study, conducted with the support of the Australian Government through the Australian Renewable Energy Agency (ARENA), is the most comprehensive investigation so far into the economic viability of producing biofuel on a commercial
Qantas chief executive Alan Joyce has called for the airline to be given “a fair go”. Writing in The Australian Joyce stated that Qantas is not seeking a government bailout, declaring that “Qantas is not Holden”, and said the challenges the airline faces stem from the absence of free market conditions. This content is available exclusively
Credit rating agency Standard & Poor’s has downgraded Qantas’s credit rating from BBB minus, it’s lowest investment grade rating, to so-called junk status, but Qantas says it is “business as usual”. Separately, fellow ratings agency Moody’s said on Thursday night it had placed Qantas on negative watch but that it was maintaining its Baa3 investment
Qantas has asked the Australian Securities Exchange (ASX) to place its shares in an immediate trading halt. “The trading halt is requested pending receipt of information from Standard and Poor’s in relation to Qantas’s credit rating, which is likely to be materially price sensitive,” company secretary Taryn Morton wrote to the ASX. This content is
Warren Truss, the minister responsible for the transport portfolio, and Prime Minister Tony Abbott have both used separate media engagements to hose down expectations that the federal government will provide financial support to Qantas. “The government isn’t a banker and there are no doubt lots of companies or private individuals that would like government to
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