Australian regulator gives Qantas-BA alliance another five years
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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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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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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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AIR New Zealand and Qantas Airways face the prospect of intensifying competition on its trans-Tasman route from other airlines now that a proposed alliance between the pair has been blocked, according to analysts.
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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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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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SYDNEY, Australia -- Australian authorities Tuesday approved a proposed alliance between Qantas and Air New Zealand - but the decision came too late for the airlines as the New Zealand High Court last month rejected the tie-up.
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Shares in Australian flag carrier Qantas have jumped more than four percent amid expectations a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline.
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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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SYDNEY : Australian flag carrier Qantas Airways said that British Airways had sold its 18.25 percent shareholding to a range of investors, as its shares surged on the news.
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A merger between British Airways and the Spanish airline Iberia moved closer yesterday after BA raised Â£425m by selling its stake in Australia&#39;s national carrier Qantas
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Qantas Airways chief executive Geoff Dixon today said it was time for the airline to move on now its proposed alliance with Air New Zealand had been rejected by the New Zealand High Court.
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Qantas will discuss getting compensation from Boeing after the delivery of its Dreamliner is delayed again.
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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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SYDNEY (Dow Jones)--Citing a continuation in rising fuel prices, Australia&#39;s Qantas Airways Ltd. (QAN.AU) said Friday it will increase its passenger fuel surcharge for a second time in two months.
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Australia's Qantas Airways  has received a buyout offer from investment firms Macquarie Bank  and Texas Pacific Group that could be worth more than A$10 billion ($7.77 billion), sending its shares up 15 percent.
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Air New Zealand and Qantas Airways have lost their bid to get their proposed alliance approved in New Zealand. New Zealand&#39;s High Court declined the airlines&#39; appeal against a NZ Commerce Commission decision to block the alliance.