Qantas Doesn&#39;t Need an Airline Replacement for BA, Dixon Says
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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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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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SYDNEY: British Airways said it will sell its entire 18.25% stake in Australia&#39;s Qantas Airways in a move seen as likely to fuel a major realignment of airline alliances.
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LONDON (CBS.MW) -- British Airways (UK:BAY) (BAB) Wednesday said it&#39;s planning to sell its 18.25 percent stake in Qantas as it seeks funds to expand in Europe.
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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 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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Australia's competition watchdog recommended that national carrier Qantas should be permitted to maintain a nearly decade-old alliance with British Airways for another five years.
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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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British Airways Plc, Europe&#39;s second- biggest airline, is selling its A$1.1 billion ($763 million) stake in Qantas Airways Ltd.
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PARIS/LONDON  - British Airways'  chief executive shrugged off rivalry from Air France KLM for Iberia , saying he was confident BA's 3.4 billion euro ($4.69 billion) bid with private equity firm TPG was fair value.
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Qantas is poised for aggressive international expansion, particularly in Asia, if its takeover clears regulatory hurdles and the bidders prove they are not corporate raiders, analysts have 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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Australia&#39;s government on Monday refused to introduce mandatory passenger and baggage screening at regional airports, saying it would be too costly.
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British Airways has sold its A$1.1 billion (431 million pounds) stake in Australia&#39;s Qantas Airways to Australian and international investors, helping push up Qantas shares by over 2 percent.
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An $8.7 billion takeover bid for Australia's Qantas Airways Ltd.  by a consortium led by Macquarie Bank Ltd.  is fair and reasonable, an independent expert said on Monday.
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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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Qantas said Thursday that British Airways has sold its 18.25 percent stake in the Australian carrier at 3.28 Australian dollars (US$2.