QAN 1.55% $4.45 qantas airways limited

SIA , Emirates say NO!

  1. 96 Posts.
    Qantas: Singapore Airlines came out and said it isn't in talks with the administrator of Ansett Australia to acquire the carrier's airline operating certificate. "It's wrong," an SIA spokesman said. The comment came in response to an unsourced report in the AFR that SIA along with Emirates, and China National Aviation are in separate talks with the administrator, over the possible purchase of the license.

    Emirates Says it Has No Plans to Start Domestic Services in Australia
    By Cherif Cordahi

    Dubai, June 3 (Bloomberg) -- Emirates airline, the Arab world's No. 1 carrier, said it doesn't plan to start domestic services in Australia to rival Qantas Airways Ltd. and Virgin Blue Airlines Pty.

    ``We've got enough on our plate with our own expansion plans,'' spokesman Mike Simon said. Emirates, which owns a stake in only one other airline, Sri Lankan Airlines, plans almost to triple the size of its fleet to about 100 planes by the end of the decade.

    The Australian Financial Review reported on Saturday that Emirates, as well as Singapore Airlines Ltd. and China National Aviation Co., are talking with the administrator of Ansett Holdings Ltd. about buying the failed Australian carrier's operating certificate.

    Qantas and Virgin Blue have shared the domestic aviation market since Ansett, Air New Zealand Ltd.'s Australian unit, collapsed in September. Plans to revive it failed in February.

    Qantas controls about 85 percent of the Australian air travel market while Virgin Blue holds the remainder. Virgin Blue, which is jointly owned by Richard Branson and Australia's Patrick Corp., started operations in August 2000 to rival Qantas, Impulse Airlines and Ansett. Qantas took over Impulse Airlines last year.

    Australian Transport Minister John Anderson said yesterday that the country will probably attract a third airline to rival Qantas and Virgin Blue.

    ``I am quite confident that you will see new entrants trying,'' Anderson told Network Ten's Meet the Press program.

    3rd Airline

    A third domestic airline may help raise the value of Sydney Airports Corp., which operates four airports around Sydney and is being sold by the government. Bidding groups have until June 12 to submit final offers.

    A new domestic rival may thwart Virgin Blue's plans to increase its market share to 25 percent by year-end and may reduce investor appetite for an initial public offering of the discount airline, which is likely next year.

    Qantas shares, which have gained 63 percent in the past nine months, fell 1.8 percent to A$4.49.

    Dubai government-owned Emirates, which flies to Sydney and Melbourne from its hub in the Persian Gulf, plans to add Perth to its network with three flights a week from Aug. 1, Simon said.

    That will take the total number of destinations it serves to 59 as it seeks to tap a flow of passengers from Europe and the Middle East, to the Indian subcontinent and the Asia-Pacific region. In the year to March 31, the airline carried 6.8 million passengers, up 19 percent from the year before.

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