OTC Markets Group welcomes Qantas Airways to OTCQX

NEW YORK - OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, announced Qantas Airways Ltd. (ASX: QAN; OTCQX: QABSY), Australia's largest domestic and international airline group, has qualified to have its American Depositary Receipts (ADRs) trade on OTCQX, the best marketplace for established, global and growth companies.

Qantas began trading on 16 March on OTCQX under the symbol "QABSY," where each ADR represents 10 ordinary shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"Qantas is one of the world's leading long distance airline companies serving more than 1,200 destinations globally with its partners," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are proud to welcome this esteemed, global brand to the growing family of international companies on OTCQX and look forward to supporting the company as it expands and enhances long-term value for shareholders."

"The U.S. is one of the Qantas Group's most important international markets, and we look forward to broadening our exposure to investors across North America through OTCQX," said Alan Joyce, Qantas Group CEO.

BNY Mellon serves as Qantas' Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.

Qantas is the largest domestic and international airline group based in Australia, engaged in the operation of international and domestic air transportation services and airline related services, such as the provision or freight services and the operation of the Qantas Frequent Flyer loyalty program. The company's main business is the transportation of customers using two complementary airline brands - Qantas and Jetstar. The company also operates subsidiary businesses including other airlines and businesses in specialist markets such as Q Catering, Qantas Freight Enterprises, and Qantas Frequent Flyer, as well as being the cornerstone investor in Jetstar-branded airlines across Asia Pacific.

sourced:traveldailynews.asia