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Australian airline Qantas has announced a huge shake-up
of its operations designed to cut costs over two years.
As many airlines Qantas too has been badly hit by the
SARS virus and global downturn. It has already announced
3,000 job losses and placed aircraft orders on hold.
Qantas are planning to split its operations into three
units: flying businesses, flying services (including
engineering, maintenance and airports), and associated
businesses (including catering, freight and Qantas holidays).
Meanwhile the airline is planning to take a 72% stake
in Air New Zealand.
Source: Qantas
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