British Airways to shed Qantas
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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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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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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.
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British Airways sells the regional operations of BA Connect to Flybe, and cancels hundreds of flights.
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Australia's Qantas Airways  agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group in the world's biggest airline takeover.
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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.
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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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VIRGIN Blue will dump its Sydney to Canberra service from the beginning of next month, blaming a Qantas stranglehold on government travel and poor bookings.
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QANTAS chief Geoff Dixon is confident the new low cost Asian airline launched yesterday in Singapore will last the disance. Qantas owns 49 per cent of Jetstar Asia, a sister airline to Jetstar Australia, along
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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 agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd. and private equity firm Texas Pacific Group in the world's biggest airline takeover.
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British Airways scrapped a controversial proposal to give its non-executive directors free unlimited first-class travel anywhere in the world, a spokeswoman for the company confirmed on Wednesday.
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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.
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Airport operator BAA is set to cut jobs with one report saying as many as 2,000 staff will be made redundant.
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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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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.