British Airways Raises A$1.1 Bln From Qantas Sale
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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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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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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.
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Australia's Qantas Airways  has received a buyout offer from investment firms Macquarie Bank  and Texas Pacific Group that could be worth more than A$10 billion ($7.77 billion), sending its shares up 15 percent.
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Qantas Airways Ltd , Australia's largest airline, said on Monday it would raise its fuel surcharges on international routes, the second increase in less than a year.
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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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Budget airline Ryanair has launched a 1.48 billion euros (Â£1 bn) bid to buy Irish carrier Aer Lingus.
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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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Australia&#39;s Qantas Airways Limited said Wednesday British Airways is selling its 18.25 percent stake in Qantas. Qantas asked the Australian Stock Exchange to stop trading
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Prudential Plc, Britain&#39;s No. 2 insurer, plans to raise 1 billion pounds ($1.8 billion) by selling new stock to help fund a UK expansion and comply with European rules on capital reserves.
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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 Airways said it will increase the number of flights from Australia to Britain with stopovers in Hong Kong and Singapore.
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British Airways shares rise 4% after Merrill Lynch says Heathrow's new Terminal Five will boost the airline.
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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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British Airways, Europe&#39;s biggest airline by passenger capacity, has hiked its fuel surcharges by up to UKÂ£8 per ticket, a day after oil prices climbed to record levels.
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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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The bond insurer is raising $1 billion in an effort to stay afloat.