Qantas suitors sell out, pocket millions: report
Former Qantas chief executive Geoff Dixon and a group of investors agitating for change in the airline have sold their stake, netting about $18 million, a report says.
Mr Dixon, Leighton finance boss Peter Gregg, financier Mark Carnegie, ad man John Singleton, and other investors sold their reported 1.5 per cent stake in the airline's shares on January 22, The Australian Financial Review reported.
Mr Singleton told Fairfax Media this morning he had no comment.
The trade of 24.9 million shares at $1.52 each, which was worth about $37.8 million, was brokered by Credit Suisse who was also the seller, the newspaper added.
Shares in Qantas were down 1.5 per cent to $1.49, they were down as much as 3.3 per cent earlier in the day.
The consortium had bought into the airline when Qantas' share price collapsed in June, it was reported.
In November, Qantas severed its 40-year-partnership with Tourism Australia after saying its chairman, Mr Dixon, who ran Qantas from 2001 to 2008, was in a position of "untenable potential conflict".
The airline had wanted Mr Dixon to step down as chairman or disassociate himself from the rebel group.
In December, Virgin Australia stepped in to fill the void, increasing their current partnership to $12 million over three years.