BA to sell Qantas stake; analysts see alliance shakeup
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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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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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MELBOURNE Shares of Qantas Airways, Australia&#39;s biggest airline, on Thursday plunged to a 12-month low amid concern that surging fuel prices would erode earnings and after the company reported earnings that missed analysts&#39; forecasts.
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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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Australian airline Quantas receives a takeover approach from Macquarie bank and Texas International.
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Australia&#39;s aviation market is facing major changes in the wake of a failed takeover bid for Qantas, analysts say, with major fleet expansions and aggressive newcomer Tiger Airways starting flights this year.
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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&#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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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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SYDNEY: Australia&#39;s flagship carrier, Qantas, said yesterday it is talking with Singapore Airlines on ways to cut costs as both prepare to roll out the colossal A380 jet.
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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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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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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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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 Ltd.  reached a deal on Wednesday to be sold to a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group, according to a source familiar with the deal.
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British Airways is selling off its 18.25 per cent stake in Australian flag carrier Qantas to repay off some of its huge debts and build up its cash war chest for new deals in Europe.
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Air New Zealand and Qantas are likely to form a modified alliance after the New Zealand High Court yesterday ruled against the airlines joining together in a formal way.