June 25, 2007

The CFO of Qantas obtains $1m of the part for sale

ALMOST two months after the partnership of Australia of the partners of the air line failed in its supply of possession taking $11,1 billion for Qantas, the main financial official of the air line has taken advantage of the high price elevated of the action to sell a worthy package of parts of $1,15 million.

The shareholders of Qantas watched generally the supply of $5.45-a-share like too low, and the acceptances lacked the required level.

That vision appears to be justified. Qantas shares 5¢ submerged to $5,65 yesterday, but 20¢ was immovable on the price of supply of APA. In a declaration to action stock-market, Qantas CFO Peter who Gregg revealed it had sold 200,000 parts in $5.77.

In August last year 166,000 shares he had been granted under Qantas' long-term incentive plan were released from restriction. He still has a direct interest in 285,000 shares and an indirect interest in 620,500.

The chief of a main directorate of the group of Qantas of the sales and the distribution, Gurney robbery, said that the commercial relation every greater time of Australia with India had created increasing demand. He said that the agreement would complement the existing services, that worked three times to the week between Sydney and Mumbai.

Read the news on the source at: The Age

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