Qatar Airways sees profit by 2010, eyes share sale
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State-owned Qatar Airways expects to make its first profit by 2010 and could sell shares to local and foreign investors three years after that, the company's chief executive said on Sunday.
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A consortium led by Macquarie Bank Ltd.  came closer to clinching an $8.7 billion takeover of Australia's Qantas Airways Ltd.  on Monday after the airline released an independent report saying the offer was fair.
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londonâBritish Airways Plc, Europe&#39;s second-biggest airline, will sell its 18 per cent stake in Qantas Airways Ltd. worth Â£427 million or about $980 million (Canadian) to cut debt ahead of possible acquisitions in Europe.
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Business travel by air is likely to  increase by about 10 percent in 2005 after an initial recovery  in 2004 but the uptick is seen aiding mainly low-cost carriers,  a U.S. industry survey released on Thursday found.
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The airline posts its first profit in three years.
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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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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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US Airways Group Inc.  on Thursday reported a third-quarter profit compared with a year-earlier loss, as the carrier charged higher average fares and demand was strong.
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The Gulf state of Qatar has bought about 10 percent of Nordic exchange operator OMX, a state investment fund announced on Thursday, after earlier snapping up one fifth of the London Stock Exchange.
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British Airways Plc, Europe&#39;s second- largest airline, raised about A$1.1 billion ($770 million) from the sale of shares in Qantas Airways Ltd.
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The airline is offering the buyouts in an effort to cut costs as the discount carrier heads into a period of expected slower growth.
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British Airways Plc. plans to sell its A&#36;1.12 billion (&#36;773 million) stake in Australia's Qantas Airways Ltd. in the next two days to cut debt and take advantage of future consolidation in Europe.
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Soaring fuel prices and slowing economic growth are likely to wipe out much of the airline industryâs profits next year, despite steady increases in global demand for air travel.
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British Airways reported a 28.5 percent  rise in operating profit for the first nine months of its  financial year, and said its longhaul premium business was  still shrugging off weakness in financial markets.
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US Airways Group Inc.  is set to announce a large order of Airbus jets that could be worth more than $10 billion at list prices, according to published reports.
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Low cost airline Easyjet says its full year profits will be higher than forecast after a strong summer's trading.
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Qantas Airways Ltd. , Australia's top airline, is expected to announce a takeover offer of around A$10.9 billion (US$8.55 billion) from a consortium led by Macquarie Bank Ltd.  this week, possibly as early as Wednesday, sources said.