The foreign shareholding level in Qantas is 44.5 per cent, according to the most recent reconciliation of the company's share register.

The Chief Executive Officer of Qantas Airways Limited, Mr Geoff Dixon, said on July 5, 2007, that the reconciliation was undertaken by Qantas' share registry, Link Market Services.

Mr Dixon said the previous reconciliation carried out by Link Market Services and released on May 30, 2007, showed foreign ownership just below 50 per cent.

"Foreign shareholding is trending down and we are confident that our share register is in compliance with the Qantas Sale Act," Mr Dixon said.