Qantas quiet on Star Track Express

Qantas is tight-lipped on the future of Star Track Express, revealing little during last week's AGM

By Ruza Zivkusic | November 1, 2010

Qantas is yet to announce its plans for Star Track Express and Australian Air Express as it revealed little during its annual general meeting last Friday.

Qantas media relations manager Simon Rushton dismissed as "speculation" of a possible merger of the two businesses Qantas share with Australia Post.

He says the two companies are conducting a strategic review of the freight businesses.

"Until we complete that review and keep customers and stakeholders aware of what’s happening, then that will be the appropriate time to make an announcement," Rushton says.

Commonwealth Bank analyst Matt Crowe recently claimed a possible merger of Star Track and Air Express was on the horizon.

Crowe believes the two companies have tried to address the underperformance of the businesses for a "long time".

"It looks like it will fold through into a full merger; the two companies have been looking to address the underperformance of these businesses for a long time and they don’t really seem to be getting anywhere," Crowe says.

"I think Star Track Express is worse off because the expectations of them were very high when they were sold and they probably haven’t delivered to those expectations where Australian Air Express’ expectations were probably lower."

Rushton says he’s not sure where the merger speculation came from.

"I think there’s a lot of speculation around a merger but it’s too soon to pre-empt on what might come out of the strategic review at this stage. "We remain strongly committed to both of the businesses," he says.

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