>
> This is an interesting snippet - how does that work?

> QANTAS is to sell off the FF company which is owned by the present share
> holders.
>
> Are they to offer the present share holders 1 for 3 shares in a new
> company?

>
> This is an interesting snippet - how does that work? QANTAS is to sell
> off the FF company which is owned by the present share holders.
>
> Are they to offer the present share holders 1 for 3 shares in a new
> company?
>
> From the SMH
> http://www.smh.com.au/news/travel/stand-by-for-more-cuts-says-qantas/2008/07/01/1214678038242...
>
>
> "The changes come as Qantas is considering selling part of its
> internally run and wholly owned frequent flyers' company through a share
> sale on the sharemarket. The move could raise more than $1 billion for
> the group."
>
> r

> Rob. wrote:

>>
>> This is an interesting snippet - how does that work? QANTAS is to
>> sell off the FF company which is owned by the present share holders.
>>
>> Are they to offer the present share holders 1 for 3 shares in a new
>> company?
>>
>> From the SMH
>> http://www.smh.com.au/news/travel/stand-by-for-more-cuts-says-qantas/2008/07/01/1214678038242...
>>
>>
>> "The changes come as Qantas is considering selling part of its
>> internally run and wholly owned frequent flyers' company through a
>> share sale on the sharemarket. The move could raise more than $1
>> billion for the group."
>>
>> r

> ...

> AA wrote:

>> Rob. wrote:

>>>
>>> This is an interesting snippet - how does that work? QANTAS is to sell
>>> off the FF company which is owned by the present share holders.
>>>
>>> Are they to offer the present share holders 1 for 3 shares in a new
>>> company?
>>>
>>> From the SMH
>>> http://www.smh.com.au/news/travel/stand-by-for-more-cuts-says-qantas/2008/07/01/1214678038242...
>>>
>>> "The changes come as Qantas is considering selling part of its
>>> internally run and wholly owned frequent flyers' company through a share
>>> sale on the sharemarket. The move could raise more than $1 billion for
>>> the group."
>>>
>>> r ...

> "Rob" mine.com> wrote in message
> news:486cc24e$1_8@news.peopletelecom.com.au...

>> AA wrote:

>>> Rob. wrote:

>>>> This is an interesting snippet - how does that work? QANTAS is to sell
>>>> off the FF company which is owned by the present share holders.
>>>>
>>>> Are they to offer the present share holders 1 for 3 shares in a new
>>>> company?
>>>>
>>>> From the SMH
>>>> http://www.smh.com.au/news/travel/stand-by-for-more-cuts-says-qantas/2008/07/01/1214678038242...
>>>>
>>>> "The changes come as Qantas is considering selling part of its
>>>> internally run and wholly owned frequent flyers' company through a share
>>>> sale on the sharemarket. The move could raise more than $1 billion for
>>>> the group."
>>>>
>>>> r ...

> Aubrey Adams wrote:

>>
>> And how does it make money for its shareholders anyway????
>> I'd see the program members' FF points as liabilities.
>> What's the new company's source of revenue?
>>
>> Aubrey
>> Trading derivatives on the stock exchange would seem to have more
>> substance!
>>
>>
>>

> Your credit card company and airline are charged for points that you
> accrue. In return, the FF company is charged when you redeem points.
> AA

> "AA" yahoo.com.au> wrote in message
> news:g4jq4r$11te$1@otis.netspace.net.au...

>> Aubrey Adams wrote:

>>> And how does it make money for its shareholders anyway????
>>> I'd see the program members' FF points as liabilities.
>>> What's the new company's source of revenue?
>>>
>>> Aubrey
>>> Trading derivatives on the stock exchange would seem to have more
>>> substance!
>>>
>>>
>>>

>> Your credit card company and airline are charged for points that you
>> accrue. In return, the FF company is charged when you redeem points.
>> AA

>
> Ok, I think I have it.
> The numbers are simplistic I know, but is this how it works? ...