Qantas may buy into airline in Vietnam
David Marr <dgm405@coombs.anu.edu.au>
date Jan 24, 2007 2:27 PM
subject [Vsg] Qantas may buy into airline in Vietnam
The Melbourne Age has an article reporting that Qantas in negotiating
with Pacific Airlines in Vietnam to buy a major stake. This could
set the cat among the pigeons, as Vietnam Airlines has so far managed
to maintain its domestic quasi-monopoly and ticket prices have
soared. At present Pacific has only two planes, which gives you an
idea of its poor-relation status. Qantas would pay for more planes
and help make Pacific a no-frills alternative to VN
Airlines. Needless to say, the Party will make the final decision.,
which should be interesting test of policy priorities. The fact that
Qantas has gone public now either means that a deal has almost been
reached, or that it's going sour and QF is trying a last-ditch press
assault.
David Marr