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Myriam Robin

Qantas, Alysandratos decline Helloworld raising

But the chief executive digs deep.

Myriam RobinRear Window editor

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Earlier this month, travel company Helloworld crowed about the "strong support" it had received from institutions for its recent (and long-resisted) capital raising, "with a take-up rate of ... approximately 97 per cent" of entitlements.

The footnote appended to this statement noted the statement was only true if one excluded the entities associated with CEO (and ex-federal Liberal Party treasurer) Andrew Burnes, Qantas and Rich Lister Spiros Alysandratos, who together still make up more than half the register. Gold.

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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/qantas-alysandratos-decline-helloworld-raise-20200728-p55ga7