Foreign investors own nearly 45% of Qantas

Foreign investors now own nearly 45 per cent of Qantas, the airline says, not far below the 49 per cent limit under Australian law.

Qantas aircraft

(AAP)

Foreign ownership of Qantas now stands at almost 45 per cent.

The Australian airline says foreign investors now own 44.7 per cent of its available capital, putting it closer to the 49 per cent limit allowed under the Qantas Sale Act.

Qantas is required to notify the Australian stock market when foreign ownership exceeds 44 per cent.

Foreign ownership of Qantas stood at 43.7 per cent prior to Wednesday's announcement, but the airline has not revealed who bought the additional stock.

Qantas' largest shareholder is the US-owned Franklin Resources, which held 18.66 per cent of the airline at last count in April.

It has been a difficult 12 months for the airline, which in August posted a record $2.8 billion annual loss due to the poor performance of its international business and a bruising domestic war with rival Virgin.


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Foreign investors own nearly 45% of Qantas | SBS News