Australia's flagship carrier, Qantas Airways, and national mail service Australia Post are forming a joint bid for privately owned freight delivery company Star Track Express, they said yesterday.
Star Track Express has up to 15 per cent of Australia's lucrative A$4.5 billion express freight market.
Industry sources said an acquisition could be sealed before Christmas.
Qantas chief Geoff Dixon confirmed yesterday the airline is interested in buying Star Track.
Qantas and Australia Post form joint bid for freight company
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