Air Transport World

Airline Partners Australia.(bids for Qantas)(Brief article)

Airline Partners Australia in mid-April extended its A$11.1 billion ($9.16 billion) bid for Qantas until May 4 and lowered the tendering threshold to 70% from 90%. The reduction was designed to either sidestep or pressure two large shareholders, Balanced Equity Management and UBS Global Asset Management, who together control more than 10% of the airline and had resisted the APA offer. …

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