BA to sell Qantas stake; analysts see alliance shakeup
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LONDON : British Airways (BA) said it would sell its 1.1 billion Australian dollar (770 million US) stake in Australia&#39;s Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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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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An aviation analyst believes Air New Zealand and Qantas will amend their bid to form an alliance and work instead on sharing resources.
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Australian airline Qantas rejects a controversial $8.6bn takeover deal led by Australian bank Macquarie.
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British Airways Plc. plans to sell its  A$1.12 billion ($773 million) stake in Australia's Qantas  Airways Ltd. in the next two days to cut debt and take  advantage of future consolidation in Europe.
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British Airways is selling off its 18.25 per cent stake in Australian flag carrier Qantas to repay off some of its huge debts and build up its cash war chest for new deals in Europe.
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SYDNEY: British Airways said it will sell its entire 18.25% stake in Australia&#39;s Qantas Airways in a move seen as likely to fuel a major realignment of airline alliances.
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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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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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SYDNEY (Dow Jones)--British Airways Plc (BAB) Wednesday confirmed that investment bank Citigroup Inc. (C) will handle the sale of its 18.
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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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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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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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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'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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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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DBA, British Airways Plc's former German unit, said it's in talks with The Boeing Co.