Qantas buoyed by sale
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QANTAS yesterday shrugged off the exit of its major shareholder, with the stock buoyed by the prospect of more international alliances now that British Airways is off its share registry.
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Barring negative impacts on the aviation industry, such as global terrorism, Australia&#39;s flagship carrier had an upbeat future, Qantas&#39; chief executive Geoff Dixon said.
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Australian airline Quantas receives a takeover approach from Macquarie bank and Texas International.
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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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Qantas is poised for aggressive international expansion, particularly in Asia, if its takeover clears regulatory hurdles and the bidders prove they are not corporate raiders, analysts have said.
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British Airways Plc, Europe&#39;s second- biggest airline, is selling its A$1.1 billion ($763 million) stake in Qantas Airways Ltd.
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BRITISH Airways today announced plans to sell its Â£425 million stake in Australiaâs Qantas Airways to cut debt and take advantage of consolidation 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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Australian flag-carrier Qantas said Saturday it was buying an additional 20 Boeing 787 long-haul airliners as part of a  massive fleet expansion first unveiled 18 months ago.
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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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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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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 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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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  agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group in the world's biggest airline takeover.
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British Airways (BA) said it would sell its 1.1 billion dollar (770 million US) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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Riding the tailwinds of a humming Australian economy, Qantas Airways predicts a 40 percent increase in 2008 fiscal year profits.