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BRIEF-Qantas and Sydney Airport reach deal on domestic terminal

Published 18/08/2015, 08:37 am
© Reuters.  BRIEF-Qantas and Sydney Airport reach deal on domestic terminal
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Aug 18 (Reuters) - Qantas Airways Ltd QAN.AX :

* Qantas and Sydney Airport reach deal on domestic terminal

* Says Qantas will receive total cash proceeds of $535 million from Sydney Airport

* Says under the terms of the 10-year deal terminal 3 will revert from Qantas to Sydney Airport as of 1 September 2015

* Says transaction will have a neutral impact on earnings before interest and tax through FY 2019

* Says Qantas will retain exclusive use of terminal 3

* Says will continue to manage most of the terminal on behalf of Sydney Airport until 30 June 2019

* Use of the terminal by Qantas from 1 September will incur a per-passenger charge at an agreed rate through to 2025

* Says Qantas and Sydney Airport have concurrently agreed five-year agreements

* "Agreement is positive for Qantas shareholders"

* Source text for Eikon ID:nASX1KHFZ4

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