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