Qantas bid cleared by government
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Australia's government says it will not block a proposed takeover of the country's flagship airline Qantas.
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WELLINGTON: National carrier Air New Zealand said yesterday the Australian Competition Tribunal has approved a proposed alliance with Qantas Airways Ltd, despite its rejection in New Zealand.
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Qantas Airways Ltd. said that British Airways Plc will sell its 18.25 percent stake in the Australian flag carrier over the next 48 hours.
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QANTAS Airways Ltd said today it has requested a trading halt be lifted immediately after British Airways completed the bookbuild process for the sale of its 18.
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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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Qantas confirmed Wednesday that British Airways plans to sell its 18.25 percent stake in Australia&#39;s flag carrier over the next two days.
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Australia&#39;s main commercial airline, Qantas, is offering full refunds and waiving cancellation fees for flights to Indonesia. The airline made the decision after fresh advice from the Australian Government
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Australia's Qantas Airways Ltd.  rejected on Wednesday a A$10.9 billion ($8.6 billion) buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group .
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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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Australian flag-carrier Qantas said it had received a takeover approach from Macquarie Bank and the Texas Pacific Group on behalf of a consortium they represent.
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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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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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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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A British Airways jet which had to divert to Amsterdam after a &quot;specific threat&quot; was made against it has been cleared by Dutch authorities after a thorough search.
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Australian flag carrier Qantas Airways has rejected a 10.9 billion dollar (8.6 billion US) takeover bid from a private equity consortium, sending its shares into a nosedive.
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The Australian government will not move to block a foreign takeover of  airline Qantas, the prime minister says.
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An Australian court on Wednesday cleared Citigroup of insider trading charges brought against the world&#39;s biggest bank by the local corporate regulator.