Australia's Qantas Airways buys national trucking business
Sydney (Thomson Financial) - Australia's largest airline Qantas Airways Ltd. said on Tuesday that its Qantas Freight Enterprises unit has agreed to buy national trucking business Jets Transport Express (Jets), which specialises in interstate air freight movements.
The acquisition price was not disclosed.
The unit's executive general manager Grant Fenn said the acquisition would increase the breadth of Qantas' air freight capability and improve the service for its air freight and cargo handling customers.
"Jets provides bonded interstate trucking for domestic legs of international air freight using trailers that are specially designed to handle air freight pallets," Fenn said in a statement.
He said the acquisition would also enhance the efficiency of terminal operations and allow Qantas Freight Enterprises better control of its Australian domestic distribution.
Qantas Freight markets the cargo capacity on all Qantas and Jetstar international services and operates three dedicated 747-400 freighter aircraft on scheduled international services. In the year to June it will carry over 340,000 tonnes of air freight.