Australian regulator gives Qantas-BA alliance another five years
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Australia's competition watchdog recommended that national carrier Qantas should be permitted to maintain a nearly decade-old alliance with British Airways for another five years.
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Qantas Airways chief executive Geoff Dixon today said it was time for the airline to move on now its proposed alliance with Air New Zealand had been rejected by the New Zealand High Court.
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SYDNEY: Australian flag-carrier Qantas said it was disappointed a proposed alliance with Air New Zealand (ANZ) had been rejected by New Zealand&#39;s high court but ruled out appealing decision.
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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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Shares of Air New Zealand Ltd., the country&#39;s largest airline, were halted pending a High Court ruling on plans for an alliance with Australia&#39;s Qantas Airways Ltd.
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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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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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Qantas shares are 1.5 percent higher Thursday after the Australian flag carrier confirmed the Aust. $1.1 billion ($770 million) exit of British Airways from its share register.
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WELLINGTON : National carrier Air New Zealand will revisit its plans for an alliance with Australia&#39;s Qantas Airways in two or three years, Air New Zealand chief executive Ralph Norris said.
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Australia&#39;s main airline carrier, Qantas, says it won&#39;t appeal the New Zealand High Court&#39;s rejection of a proposed alliance with Air New Zealand.
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The consortium trying to buy Australia's Qantas Airways apply to the government for a review of the offer.
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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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Australia's Qantas Airways Ltd   said on Monday it had ordered an additional 12 Bombardier Inc  (BBDb.TO) Q400 aircraft in a A$400 million ($357 million) deal.
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Qantas Airways said it will increase the number of flights from Australia to Britain with stopovers in Hong Kong and Singapore.
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Australia's competition regulator said on Friday it has started a review into an $8.7 billion buyout offer for Qantas Airways Ltd.  from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group.
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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.