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Takeovers of Qantas, Air Sahara near conclusion, but capacity is the problem

13-Apr-2007

The private equity takeover of Qantas is drawing closer to

completion as the sole bidder, Airline Partners Australia (APA), lowered the

minimum acceptance level to 70% of total shares, meaning the recalcitrant shareholders

will stay on board – for now. Meanwhile, Jet Airways will shortly close

the curtains on its on-again, off-again deal to takeover Air Sahara. [336 words]

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