British Airways to sell Qantas stake
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British Airways intends to sell its A$1.12 billion (435.3 million pounds) stake in Qantas Airways in the next 48 hours, just weeks after the Australian government ruled out scrapping a foreign ownership restriction.
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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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British Airways yesterday moved to cut its massive debt and prepare for acquisitions when it raised Â£425m by selling its stake in Australia&#39;s Qantas Airways.
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Airline Partners Australia (APA), a  consortium bidding for Australia's Qantas Airways ,  said on Friday it would not increase its $8.7 billion buyout  offer for the airline.
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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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Defence firm BAE is to sell its 20% stake in plane firm Airbus to EADS for Â£1.87bn.
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By Kyodo News International, Tokyo  Dec. 14--SYDNEY -- Australia's Qantas Airways said Thursday it has  accepted a revised A$11.1 billion (about US$8.7 billion) buyout offer by a  consortium led by a local investment bank, a local newspaper reported.
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Australia's Qantas Airways Ltd   said on Monday it had ordered an additional 12 Bombardier Inc  (BBDb.TO) Q400 aircraft in a A$400 million ($357 million) deal.
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Australia's flagship airline Qantas accepts an improved takeover bid by a consortium led by Macquarie Bank.
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Qantas shares returned to trade this morning after the overnight sale of British Airways&#39; (BA) billion-dollar stake in the airline.
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SYDNEY: Qantas Airways Ltd, Australia&#39;s biggest airline, said yesterday its full-year profit doubled on cost cuts and a pick-up in passengers, but the prospect of higher fuel costs sent its shares sliding.
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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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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .
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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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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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Struggling after two years of losses, China Eastern agreed Sunday to sell a 24 percent stake to Singapore Airlines and Temasek Holdings, the Singapore government's investment arm, company officials said.
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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.