Qantas flies higher after BA exits
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Qantas shares are 1.5 percent higher Thursday after the Australian flag carrier confirmed the Aust. $1.1 billion ($770 million) exit of British Airways from its share register.
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A merger between British Airways and the Spanish airline Iberia moved closer yesterday after BA raised Â£425m by selling its stake in Australia&#39;s national carrier Qantas
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British Airways (BA) said it would sell its 1.1 billion dollar (770 million US) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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Australian budget airline Virgin Blue reports a jump in half-year profits and lifts its earnings outlook for the year.
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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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BUDGET airline Jetstar has helped propel Qantas to a record post-tax profit of $648.4 million. Qantas chief executive Geoff Dixon paid tribute to the subsidiary domestic carrier during a formal profit announcement yesterday.
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Australia's Qantas Airways   said on Thursday it has accepted an A$11.1 billion ($8.7  billion) revised buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group at A$5.60  a share.
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Australian buyout target Qantas Airways  Ltd.  raised its annual profit forecast for the third  time in six months as fuel prices ease and demand for travel  increases.
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The Australian stock market continued on its bullish performance by noon today, extending recent record highs with BHP Billiton in the vanguard.
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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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Macquarie Bank Ltd.  and private  equity firm Texas Pacific Group  are leading a plan to  buy out Qantas Airways Ltd. , Australia's top airline  said on Wednesday, sending its shares up 21 percent.
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Australia's Qantas Airways  said on Thursday it has accepted an A$11.1 billion ($8.7 billion) revised buyout offer led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group at A$5.60 a share.
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LONDON : British Airways (BA) said it would sell its 1.1 billion Australian dollar (770 million US) stake in Australia&#39;s Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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Shares of both airlines climbed as the industry showed glimmers of resurgence, at least temporarily.
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QANTAS Airways shares firmed yesterday following British Airway&#39;s sale of its 18.25 per cent stake in the carrier. BA&#39;s 336 million shares in Qantas were sold to Australian and international institutions at
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Australia's main share index hits a new all-time high, buoyed by positive economic news.
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SYDNEY, Australia -- Australia's Qantas Airways has been approached by Macquarie Bank and private equity firm Texas Pacific Group about a takeover that analysts said Wednesday could be worth almost 11 billion Australian dollars, or $8.5 billion.