Qantas allowed its chief executive Alan Joyce to sell $17 million in shares despite receiving a detailed demand for information as part of the competition regulator’s investigation into whether the airline inappropriately sold thousands of flight tickets.
AFR Weekend has confirmed that the Australian Competition and Consumer Commission sent the airline compulsory information notices – which require companies to hand over documents – on April 26. That was the second such notice sent, with the first given to Qantas on September 14 last year in the early stages of the investigation.
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
