Qantas Airways Logo – Qantas (pronounced “many”) ( ASX : QAN ) is the airline ‘s national Australia . It is the oldest and largest airline of Australia, and the third oldest in the world after KLM and Colombia’s Avianca . Qantas stands for Queensland and Northern Territory Aerial Services (Air Services Queensland and the Northern Territories). Your code IATA is QF . Your code ICAO is QFA . The company’s shares are traded on the Australia Stock Exchange under the code QAN .
Qantas was founded in Queensland on 16 November of 1920 under the name of Queensland and Northern Territory Aerial Services Limited , later abandoned his original name and popularized by its acronym. Qantas was nationalized in 1947 by the Labour government of Australia, then headed by Prime Minister Ben Chifley in the Parliament of Australia . The company continued to belong to the state until the 1990’s when it was privatized again, changing its name to Qantas Airways Limited. In 1990 Qantas established Australia Asia Airlines to operate routes to Taiwan , which due to their political, Qantas could not fly there while flying to China. At that time several aircraft were leased Boeing 747SP and 767 to this company that ceased operations in 1996 .
Since its merger with Australian Airlines in 1993 , covers extensively the regional capitals and major cities of Australia. It also performs many international routes to and from Australia. Qantas has a reputation as an aggressive competitor in the Australian aviation market. Several domestic airlines that have disappeared after thousands of complaints about the low fares on routes with Qantas and exorbitant competitors on routes exclusive. After September of 2001 , with the bankruptcy and subsequent dissolution of Ansett , Qantas maintains a virtual monopoly on Australian domestic flights. Virgin Blue , a low-cost airline has managed to take part in the domestic market, so Qantas has responded by creating a subsidiary similar characteristics called Jetstar . With this measure, Qantas expects to dominate the segment of low cost and maintain its dominance in the Australian domestic market, which accounts for part of their total market.
On December 13th of 2004 , began flights Jetstar Asia Airways flies from Singapore to Hong Kong , which Qantas expects significant market share of low cost in Asia, joining battle with its main competitor in this market , Singapore Airlines . Qantas is already the second largest airline operating from the International Airport of Singapore , while Singapore Airlines is the second airline operating flights to and from Australia.
Qantas has also sought to expand into the market for domestic flights of New Zealand , first becoming part of Air New Zealand , then Ansett New Zealand . Qantas is expected to increase their participation (without being majority) on Air New Zealand . In 1993 British Airways Qantas bought 25% for 665 million Australian dollars. In September of 2004 , the value of those shares in 2003 is estimated at about 1,100 million dollars (759 million U.S. dollars). The British Airways has dropped from 25 to 18.5% due to the expansion of company stock. Currently British Airways has the maximum allowed by law to a foreign company. It is thought that by selling British Airways shares, Qantas will be better positioned to compete in the Asian market. On October 29, 2011, the airline announced an indefinite cease all flights due to the ongoing labor dispute. However, the airline had to resume flights after the opinion of the Commission on Regulation of Labour on October 31 , 2011.