Qantas to sell land to LOGOS-led consortium for $595m to pare debt

Photo: Josh Withers / Unsplash.com

Australia’s Qantas Airways Ltd said on Friday it had agreed an A$802 million ($595 million) deal to sell land near Sydney Airport to a consortium led by LOGOS Property Group to reduce debt, as the carrier recovers from pandemic lows.

Settlement of most of the lots is expected in the current half ending Dec. 31, the airline said in a statement.

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