BA to sell Qantas stake; analysts see alliance shakeup
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British Airways (BA) said it would sell its 1.1 billion Australian dollar (430 million pound) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .
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LONDON, September 9 (New Ratings) - British Airways (BAI1.FSE) has sold its 18.25% stake in the Australian airline, Qantas, to local and international investors.
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Australia&#39;s Qantas Airways Limited said Wednesday British Airways is selling its 18.25 percent stake in Qantas. Qantas asked the Australian Stock Exchange to stop trading
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Aviation industry analysts expect Qantas to head in a different direction now the Air NZ alliance is off. Picture:Reuters. Qantas&#39; plans to take a 22.
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BRITISH Airways today announced plans to sell its Â£425 million stake in Australiaâs Qantas Airways to cut debt and take advantage of consolidation in Europe.
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DBA, British Airways Plc's former German unit, said it's in talks with The Boeing Co.
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Australian flag carrier and icon Qantas has received a takeover approach, potentially worth more than 8.0 billion US dollars and sending its share price soaring to record levels.
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Australian airline Quantas receives a takeover approach from Macquarie bank and Texas International.
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Australian flag carrier and national icon Qantas has accepted an increased 11.1-billion-dollar (8.7 billion US) offer from a private equity group, a day after rejecting a lower bid.
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Australia's national carrier Qantas Airways was expected to announce it has accepted an improved takeover offer worth around 8.7 billion US dollars from a private equity consortium, reports said.
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Australian flag carrier Qantas agreed to a boosted 11.1-billion-dollar (8.7 billion US) takeover bid from an international private equity consortium.
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MELBOURNE/SYDNEY  - Investment bank Macquarie Bank  and private equity firm Texas Pacific Group have proposed buying out Australian airline Qantas Airways  in a deal that could be worth more than A$10 billion ($7.7 billion), pushing Qantas shares up as much as 21 percent.
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Australian flag carrier Qantas Airways has rejected a 10.9 billion dollar (8.6 billion US) takeover bid from a private equity consortium, sending its shares into a nosedive.
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Qantas Airways Ltd. should not seek another airline to replace British Airways Plc if the UK carrier sells its stake in the business, Qantas Chief Executive Geoff Dixon said.
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The multi-billion dollar takeover of Australian airline Qantas underlines an increasing trend by cash-rich investment funds to snap up established companies.
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British Airways yesterday moved to cut its massive debt and prepare for acquisitions when it raised Â£425m by selling its stake in Australia&#39;s Qantas Airways.