Qantas is reportedly looking to sell its long-term leases on passenger terminals at four Australian airports including; Melbourne, Sydney, Brisbane and Perth.
According to reports, the airline told analysts it is hoping to make a decision on selling the long-term leases within 12 months and expects the sale to raise as much as AU$1 billion on leases due to expire in 2018 and 2019, The Sydney Morning Herald reported.
Although Qantas is yet to comment, Sydney Airport confirmed to media that there were talks about the “early reversion of leases” and an analyst said the airline has indicated it will sell its leases.
”From Qantas’ point of view, selling the terminals makes perfect sense,” Macquarie Equities analyst Ian Myles said.
”The issue is at what price. Whatever the price they sell it for, they will pay in rent. You could sell it for nothing and your access fees would be very, very low.”
From : http://www.etravelblackboard.com/article/141506/qantas-selling-off-long-term-terminal-leases
Image : http://www.sydneyairport.com.au/corporate/~/media/images/media%20gallery/a380/qantas%20a380.jpg