Qantas mulls asset sales: report

Airline may sell stake in frequent flyer division or Jetstar's Asian arm.

If the federal government does not bolster Qantas Airway's (QAN) credit rating, the national carrier may sell a stake in its frequent flyer division or Jetstar’s Asian arm to fend off the need for an equity raising, The Australian Financial Review reports.

According to the newspaper, sources say the airline will have to have other options ready to implement by the time ratings agencies review its rating in February, though its preference remains for government assistance.

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