Australian Deputy Prime Minister and Treasurer Peter Costello has dampened the bid for Qantas, making it clear over the weekend that the government will decide whether last week's offer from a consortium led by Texas Pacific and Macquarie Bank (ATWOnline, Nov. 23), which some estimate to be worth $8 billion, is in the national interest. The Qantas ownership structure is governed by laws capping total foreign interest at 49%, individual stakeholders at 15% and a foreign airline at 25%. The ...

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