Blue Chip Stock News Qantas (QAN)

Qantas (QAN) is one of the world’s leading airlines, an Australian icon, and is widely considered among the blue chip stocks in the Australian stock market.

On top of its standard domestic and international flights, QAN also owns budget airline Jetstar, regional airline QantasLink and related travel businesses Qantas Flight Catering.

According to the Australian Financial Review, QAN may be in talks to buy West Australian charter airline, Network Aviation.

Network Aviation offers services to fly-in-fly-out workers in remote mining towns.

QAN may pay more than $30 million for the acquisition in attempt to tap into Australia’s current mining boom.