Qantas will not leave Australian control: government
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An 11.1 billion dollar (8.7 billion US) takeover bid by a private equity consortium for Qantas Airways will be subject to vigorous scrutiny to ensure the airline remains under Australian control, Treasurer Peter Costello said.
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Qantas could move as many as 7,000 jobs overseas to save costs, according to The Australian newspaper.
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Australia's competition regulator said on Friday it has started a review into an $8.7 billion buyout offer for Qantas Airways Ltd.  from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group.
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Qantas Airways said it will increase the number of flights from Australia to Britain with stopovers in Hong Kong and Singapore.
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The Australian competition regulator  said on Tuesday it would not block the $3.1 billion acquisition  by Google Inc of DoubleClick Inc, a U.S. Web advertising  supplier.
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Australian Prime Minister John Howard has denied he had made a deal to hand over power to his ambitious Treasurer Peter Costello ahead of elections next year.
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Qantas said Thursday that British Airways has sold its 18.25 percent stake in the Australian carrier at 3.28 Australian dollars (US$2.
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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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TELSTRA will remain firmly in Australian hands even after the Government sells its shares in the company, Treasurer Mr Peter Costello said yesterday.
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Australian Prime Minister John Howard  remained committed on Tuesday to the U.S.-led war on Iraq as  investigations continued into an unconfirmed report that two  Australians had been taken hostage and threatened with  execution.
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The private buyers of Australia's flag carrier Qantas have insisted they were not corporate raiders, as jitters mounted a day after one of the biggest airline takeovers in history was unveiled.
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Rival trans-Tasman airlines Air New Zealand and Qantas have far from abandoned their dreams of an alliance, despite it failing to clear yet another hurdle.
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Airline Partners Australia (APA), a consortium bidding for Australia's Qantas Airways , said on Friday it would not increase its $8.7 billion buyout offer for the airline.
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An Australian consumer agency says it won't block Google's proposed acquisition of DoubleClick because it does not consider the two companies to be competitors.
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Australia would not end its biggest single export, coal, as part of the government's strategy to curb greenhouse gas emissions, Prime Minister John Howard said Thursday.
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Prime Minister John Howard said on Tuesday he would not withdraw troops from Iraq as demanded by militants who claim to have taken two Australians hostage and threatened to execute them within 24 hours.
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Qantas chief executive Geoff Dixon has declared the national carrier will continue to fly despite facing union threats on two fronts.