[FRANKFURT] Airline Emirates is not interested in investing in the international operations of Qantas, the Dubai-based carrier's chief commercial officer (CCO) said on Monday.
In the biggest restructuring step since Qantas was privatised two decades ago, the airline is hiving off its international arm from its domestic business.
The move will allow a foreign airline to take as much as a 49 per cent stake - a major change from the previous 35 per cent limit - and analysts had suggested that alliance partner Emirates could be interested.
But Emirates' CCO Thierry Antinori said that doesn't fit with the airline's strategy. "We buy planes and invest in products; we do not buy shares," he told Reuters...