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’Flights of fancy
Qantas bowed to a buy-out and takeover rumours have swirled around BA and, most recently, American Airlines. So what does it mean when private equity starts sniffing around the notoriously unstable airline industry,
Qantas bid seeks state backing
The consortium bidding A$11.1bn for Qantas has bowed to mounting political and public opposition to the proposed takeover of the airline by agreeing to submit its proposal for approval by the government in Canberra.
And the Qantas airline is…
….Vietnam’s Pacific Airlines.
After a mysterious story that Qantas was in talks to take a large, but not majority stake in an unnamed Asian airline which would be “double digit millions of US dollars”,
Qantas to buy stake in Asian airline
Qantas has indicated that it is preparing to buy a large stake in an Asian carrier in what would be its first major strategic move since its board accepted an US$8.7bn buyout offer from a private equity consortium.
Qantas head explains bid backing
Increasing corporate governance demands and the short term outlook of equity investors helped convince the board of Qantas to back a $8.7bn private equity buyout, the chairman of airline said in an interview with the FT.
Could BA be next on the block?
The $8.7bn proposed takeover of Qantas by a consortium of private equity buyers encourages more blue-sky thinking, says Lex. Could BA, now that it has addressed its £2.1bn actuarial pension deficit, be the next on the block? With infrastructure funds of at least $100bn seeking a home,
Qantas buy-out debt to be sold in US
Almost all of the $9bn debt required to finance the planned leveraged buy-out of Qantas will be sold to investors in the US, according to people familiar with the situation. It is highly unusual for such a large tranche of financing to be arranged and sold outside the region of the company in question.