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All eyes on qantas
01 May 2007
The contested Qantas takeover drama has finally come to an end. Natasha Yazdabadi has a behind the scenes look at the deal.
Read more:
Qantas; Airline Partners Australia; Allco Equity Partners; Macquarie'; Texas Pacific Group
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Dixon: "I welcome [the bid] because I think it has rewarded shareholders
in this company that have probably not been rewarded enough.
I think the company has been under-valued on the Australian market" |
"Australians all let us rejoice for we are young and free. We've golden soil and... Qantas". If the Australian national anthem could be re-written, it would no doubt include the nation's beloved carrier, which has remained Australian public property after one of the most controversial takeover bids in the country's history.
Queensland and Northern Territory Aerial Services (Qantas) was the vision of two young war pilots in 1920. Some 87 years later, Australia's Flying Kangaroo was the subject of a war between Airline Partners Australia (APA), the airline's shareholders and unions. How could APA's friendly takeover proposal that was heavily backed by Qantas board members and the Australian government fail?
Well, Qantas' shareholders rejected the bid on...
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