Gerry Harvey Gets Into The Airline Business

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Harvey Norman Chairman Gerry Harvey and his CEO wife Katie Page have been revealed as investors in a trust that has been set up as a potential takeover vehicle for Qantas.Under pressure in the retail business, the power couple have joined former Qantas chief Geoff Dixon, former CFO Peter Gregg, venture capitalist Mark Carnegie and adman John Singleton in buying a stake of less than 2 per cent in Qantas claims the Australian newspaper.

It is not known what role Gerry Harvey will play if the group is able to get a controlling interest in the airline.

Their entry price is believed to have been about $1.15 a share, currently Qantas shares are trading at $1.27.

None of those involved would comment yesterday, including Gerry Harvey.

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