Qantas Airways has formed an internal deal team to mull the option of selling a portion of its Frequent Flyer business to a private equity firm.
The “dual track” process would be the alternative option to floating its Frequent Flyer division.
Part of the $3 billion sale would go toward paying off the national carrier’s debt and shore up its credit rating.
Telstra and Woolworths are believed to have shown interest in the business.
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