British Airways to sell Qantas stake, expand in Europe
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LONDON (CBS.MW) -- British Airways (UK:BAY) (BAB) Wednesday said it&#39;s planning to sell its 18.25 percent stake in Qantas as it seeks funds to expand 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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Australian flag carrier and icon Qantas has received a takeover approach, potentially worth more than 8.0 billion US dollars and sending its share price soaring to record levels.
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QANTAS Airways Ltd said today it has requested a trading halt be lifted immediately after British Airways completed the bookbuild process for the sale of its 18.
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SYDNEY : Australian airline Qantas said that China and India are key to its plans to expand in Asia, with flights to Beijing likely to start within a year.
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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 airline Quantas receives a takeover approach from Macquarie bank and Texas International.
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Australian flag carrier Qantas agreed to a boosted 11.1-billion-dollar (8.7 billion US) takeover bid from an international private equity consortium.
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British Airways completes the sale of the regional operations of subsidiary carrier BA Connect to Flybe.
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QANTAS Airways shares firmed yesterday following British Airway&#39;s sale of its 18.25 per cent stake in the carrier. BA&#39;s 336 million shares in Qantas were sold to Australian and international institutions at
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British Airways said on Wednesday it plans to fly new routes between mainland Europe and the United States from June, taking advantage of a new transatlantic liberalization pact.
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Australian buyout target Qantas Airways Ltd.  raised its annual profit forecast for the third time in six months as fuel prices ease and demand for travel increases.
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Move sparks talk of a possible bid for Spain's flag carrier, Iberia LONDON British Airways said Wednesday that it would sell its stake in Qantas Airways and use the proceeds to strengthen its balance sheet for ...
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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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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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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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British Airways on Wednesday unveiled plans for a new airline with daily flights from New York to Europe, taking advantage of last year's EU-US "open skies" deal to free up the key transatlantic market.