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- largest airline, raised about A$1.1 billion ($770 million) from the sale of shares in Qantas Airways Ltd.
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BA is to sell its stake in Australian airline Qantas and will use the cash raised to cut its debts, the airline announces.
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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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British Airways will face tougher competition on some of its most profitable routes after the Civil Aviation Authority yesterday announced its decision on lucrative additional
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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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British Airways has completed the sale of its stake in Qantas Airways Ltd, with shares in the Australian carrier to resume trading on the stock market on Thursday.
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Qantas Airways Ltd and Air New Zealand Ltd have abandoned their proposed alliance in its current form after it was stymied by New Zealand authorities.
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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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London - British Airways (BA), Europe&#39;s second-biggest airline, will cancel almost 1 000 flights out of London&#39;s Heathrow Airport in the next three months to ease the congestion that leads to travel disruptions.
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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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SYDNEY, Australia -- Qantas Airways said Thursday it had accepted an $8.64 billion takeover offer from a private equity consortium including Australia's Macquarie Bank and the Texas Pacific Group _ one of the biggest corporate buyouts in Australian history.
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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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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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Flybe says it will close down its Bristol operations following its purchase of British Airways' subsidiary BA Connect.
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British Airways has cut its estimate for revenue growth to 5.0-6.0 percent in the fiscal year to the end of March, citing the impact of heightened airport security after the alleged bid to bomb US-bound passenger jets.
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British Airways today announced the cancellation of almost 1,000 flights over the next three months in an effort to ease congestion at Heathrow, one of the world&#39;s busiest airports.