Qantas (QF, Sydney Kingsford Smith) has agreed with Australia Post to acquire the remaining 50% of cargo carrier Australian Air Express (Melbourne Airport) it does not yet own from its joint venture partner. In return Qantas will however sell its 50% stake in road freight forwarder Star Track to Australia Post. Qantas will receive approximately 422 million US dollars from Australia Post as part of the deal as Star Track has a mugh higher market valuation than Australian Air Express.