Qantas buyers move to sooth fears over record takeover
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The private buyers of Australia's flag carrier Qantas have insisted they were not corporate raiders, as jitters mounted a day after one of the biggest airline takeovers in history was unveiled.
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British Airways (BA) said it would sell its 1.1 billion Australian dollar (430 million pound) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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Australian pilots are considering blocking the sale of Qantas by investing their personal savings in the airline amid concerns from unions about the proposed takeover of the carrier.
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AustraliaÂs national carrier, Qantas, said that it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover.
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Qantas Airways Ltd. should not seek another airline to replace British Airways Plc if the UK carrier sells its stake in the business, Qantas Chief Executive Geoff Dixon said.
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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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Qantas said Thursday that British Airways has sold its 18.25 percent stake in the Australian carrier at 3.28 Australian dollars (US$2.
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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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UK buyers take fright as thousands of illegally built homes are threatened with demolition
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The multi-billion dollar takeover of Australian airline Qantas underlines an increasing trend by cash-rich investment funds to snap up established companies.
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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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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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Coles Myer has branded the new Woolworths bid offered for Australian Leisure &amp; Hospitality Group as unacceptable. Coles Myer, which has teamed up with Macquarie Bank through joint venture vehicle CMM Hotel
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Australia's national carrier Qantas Airways was expected to announce it has accepted an improved takeover offer worth around 8.7 billion US dollars from a private equity consortium, reports said.
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INVESTORS in Australian Leisure &amp; Hospitality will trade in a knowledge vacuum today as they await the big decision from Woolworths.
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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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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.