(C) Reuters. A passenger walks with their luggage as they approach a Qantas Airways check-in counter at Sydney International Airport
SYDNEY (Reuters) – Qantas Airways Ltd (AX:QAN) on Thursday entered a trading halt pending the release of an announcement about a capital raising including an institutional share placement and share purchase plan.
The airline’s board was considering a range of options to strengthen its balance sheet including a A$1 billion-plus ($686.10 million) equity raising, The Australian Financial Review’s Street Talk column reported on Wednesday evening, without citing the source of the information.
Qantas enters trading halt to raise equity
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.