Qantas’ frequent flyer division has struck a deal to partner with TEG’s Ticketek allowing customers to exchange points for access to events in the Silver Lake-owned ticketing company’s first major move since abandoning attempts to sell the business.

As first reported by The Australian Financial Review’s Street Talk column in June, Qantas Loyalty had considered joining a bid from KKR for the $2 billion ticketing business. Silver Lake, a Californian private equity fund, had brought in Jefferies to sell it.