Qantas Airways Limited
(ASX:QAN) Chief Executive Officer Alan Joyce has flagged the possibility of relocating its Jetstar business to international terminal one at Sydney Airport, according to media reports.
Sydney Airport has reportedly held discussions with Qantas over a potential buyback of the national carrier's lease over terminal three, which expires in 2019.
The purchase price for the terminal three lease may depend on other logistical issues, such as where the operations of Qantas and Jetstar will be located at Sydney Airport.
A master plan for Sydney Airport to 2033 will be submitted to federal government for approval before December 2.
Qantas generated a net profit of $6 million in fiscal 2013.
