Qantas eyes terminal deal

National carrier said to be open to sharing terminal with Jetstar at Sydney Airport.

Chief executive officer of Qantas Airways (QAN) Alan Joyce has flagged the possibility of relocating its Jetstar business to the current international terminal one at Sydney Airport as the national carrier looks to iron out its long-term planning, The Australian Financial Review reports.

Sydney Airport has eyed the consolidation of international and domestic operations across all of its three terminals, while also holding discussions with Qantas over a potential buyback of the national carrier's lease over terminal three, which expires in 2019.

According to the newspaper, the purchase price for the terminal three lease may depend on other logistical issues, such as where the operations of Qantas and Jetstar will be located at Sydney Airport.

A master plan for Sydney Airport to 2033 will be submitted to federal government for approval before December 2.

A spokesperson told the AFR the locations of indivudual carriers had not formed part of the preliminary draft and were still subject to "commercial discussions".

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