find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Qantas offloads cargo asset to Australia Post

Qantas offloads cargo asset to Australia Post

King & Wood Mallesons has advised on a high-flying deal in which Qantas has sold its stake in road freight operator StarTrack Express to Australia Post and moved to take full ownership of air freight business, Australian air Express.

Firms: King & Wood Mallesons (Australia Post) 

Deal: Australia Post has acquired Qantas Airway’s 50 per cent stake in freight group StarTrack Express, and sold its stake in air freight business Australian Air Express to Qantas

Area: M&A

Value: Qantas Airways said it expected to receive $408 million plus completion costs of around $5 million, from the deals, which would result in a profit of approximately $30 million

Key players: The King & Wood Mallesons team was led by partner Craig Semple (pictured), who was supported by solicitor Robert Kelly. Qantas mostly used its in-house legal team

Deal significance: The joint venture arrangements were established in 2003, and Qantas and Australia Post each currently own 50 per cent of both StarTrack Express and Australian Air Express. Under the deal, Australia Post will take full control of StarTrack Express by acquiring Qantas’ stake in the joint venture, and Qantas will take full control of Australian Air Express by acquiring Australia Post’s stake in the joint venture. 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Qantas offloads cargo asset to Australia Post
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...