Qantas Bidder Open to Asset Sale

Airline Partners Australia consortium member Texas Pacific says it is open to the concept of spinning off some of Qantas Airways' non-flying assets. This is despite repeated assurances by the consortium that it has no plans to break up the carrier. There has been speculation that Airline Partners could divest the airline's holiday business, terminal leases, frequent flyer scheme and freight division to fund the acquisition. Texas Pacific partner, Rick Schifter, said Qantas's management has previously stated it is considering strategies such as spinning off some of its businesses. JP Morgan Australia analyst, Matt Crowe, estimated the consortium could generate $A3bn from the sale of the company's non-core businesses The following companies were referenced in the original article /