Jackson exits Qantas

Just 10 days after a private equity takeover bid for Qantas Airways collapsed, the carrier's chairman, Margaret Jackson, who supported the bid, announced she will step down in May.

There had been intense speculation that Jackson and Qantas chief executive Geoff Dixon would exit the carrier (see related story on page 25). However, Jackson said the board had "full support for the management and its positive and exciting plans for the future of Qantas". It also repeated its confidence in Dixon, saying: "In particular the board endorsed the leadership of Geoff Dixon as chief executive officer and his senior management team."

Dixon, who in September last year signed a contract that would enable him to remain at the helm of Qantas indefinitely, has committed to stay as chief executive until at least July 2009, said Jackson.

Source: Airline Business