Qantas has confirmed its global headquarters will remain in Sydney.
The flying kangaroo announced it had completed a review of its property portfolio following a massive $2.7bn financial loss last year as a result of the coronavirus pandemic.
Speculation had been mounting that Qantas was potentially moving its head office to Queensland or a new location; however, it will retain its office space in Mascot, Sydney.
Its budget arm Jetstar will retain its Melbourne headquarters, while its heavy maintenance business will be based in Brisbane.
“Moving one or both of our headquarters was always a live option, and there were times in the process where that seemed to be the most likely outcome,” Qantas chief executive Alan Joyce said.
Camera IconThe flying kangaroo announced it had completed a review of its property portfolio. NCA NewsWire / Gaye Gerard Credit: News Corp Australia
“Ultimately, once the final offers were assessed on a like-for-like basis, the set of decisions we made was the most beneficial to the group overall.”
Mr Joyce said the property review was a necessity following the major earnings hit last year and the massive reduction in the company’s workforce…