No merger in sight for Qantas and Australia Post's two freight companies, Start Track Express and Australian Air Express
By Ruza Zivkusic | December 2, 2010
There is no merger in sight for Qantas and Australia Post’s two freight companies, Start Track Express and Australian Air Express.
Both companies will instead face structural changes, Australia Post spokeswoman Lanie Harris has confirmed.
“A new holding company has been established to provide common ownership and board and strategic direction for Star Track Express and Australian Air Express, and ensure both businesses remain competitive and viable and best able to pursue growth opportunities,” Harris says.
The decision comes after almost two months when Qantas was due to announce its plans for the companies at its annual general meeting.
Qantas says a review into the merger will continue, adding that it and Australia Post are “committed to their ongoing joint-venture in the business”.
Harris says the two freight companies are important assets and Qantas an Australia Post will invest in them to develop their capabilities in the parcels and express service areas.
“As we enter our busiest period of the year, it is very much business as usual,” Harris adds.
“We are operating in a competitive environment and we will maintain our usual strong focus on our operations to ensure the highest levels of customer care.”