Qantas and Australia Post end doubts on Star Track Express

Qantas and Australia Post commit to new deal on Star Track Express and Australian air Express

By Rob McKay | August 16, 2010

Qantas and Australia Post have doused any lingering doubts on their joint venture commitments with a $100 million-a-year mail deal and the renewal of their partnership Star Track Express Australian air Express.

Qantas CEO Alan Joyce has reiterated earlier support for the two firms, saying the 50-50 joint ventures are "strategically important".

"An extensive review was conducted of both businesses, which demonstrated there were significant customer, operational and market benefits for Qantas and Australia Post to remain in partnership," Joyce says.

"Both Australian air Express and Star Track Express continue to be viable and profitable operations by offering extensive air and road freight options for Australian business.

"We have now commenced a two month process to complete a strategy to improve the value of these joint ventures and assess options for future growth."

Details of a future direction for Australian air Express and Star Track Express, the performance of which have disappointed in recent years, are to be released once the review has been completed.

"We recognise the significant value that exists in Australia air Express and Star Track Express and we're also in agreement that we've yet to tap into their full potential," Australia Post Managing Director Ahmed Fahour says.

"Our investment in Australian air Express and Star Track Express is strongly aligned with the Future Ready business renewal program that sees us developing our capabilities in the parcels and express services areas."

The new five year contract is for international and domestic mail on Qantas aircraft as well as a contract for domestic belly space with Australian air Express.

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