Qantas changes Direction, moving Maintenence from Philippines back to Australia

Qantas has shelved projects to float engineering, pilot training, freight and Frequent Flyer units as separate businesses, citing the poor economic environment.

Ceo Alan Joyce said some of the units could not make money - and their only customer was Qantas.

Joyce also has canned a freight strategy of buying assets like Star Track Express, to build up the business and spin it off in an initial public offering as well as a joint-venture engineering facility in Malaysia for the Airbus A380. Qantas also is moving Airbus A330 maintenance from the Philippines to Australia and in-house engineering and maintenance functions are being stepped up.

http://tr.im/oDyW