Troubled Qantas in debt, share buyback plan

Qantas said it would accelerate A$650 million (US$675 million) in debt repayments and buy back shares worth A$100 million in a bid to shore up its ailing stock and boost confidence.

The Australian airline’s chairman Leigh Clifford said the on-market buyback, which represents about four percent of total Qantas stock, and early debt repayment reflected the board’s confidence in the carrier’s improving fortunes.

via Business feed http://www.scmp.com/business/companies/article/1082902/troubled-qantas-debt-share-buyback-plan