"They are on their own" was the stark warning to Qantas's potential new owners from Australian Treasurer Peter Costello, who told ABC Radio yesterday that the government will not bail out the carrier if it fails as Ansett Australia did in 2001. "Any suggestion that you could take over an airline, get yourself in trouble and then ask the taxpayer to bail you out is not on. No way," Costello said. He also warned the prospective buyers that it is essential that Qantas continue to offer a full ...

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