It appears that those behind the proposed A$10 billion ($7.88 billion) bid to take Qantas private have restructured their offer to avoid oversight by Australia's Foreign Investment Review Board. According to the Financial Times, Texas Pacific Group and Canada's Onex Corp. will take only 14.9% each, thus removing the mandatory trigger for scrutiny. At the same time, the paper suggests that Australia's Macquarie Bank will limit its stake to 14.9% to avoid attention from the Australian ...

Subscribe to Access this Entire Article

"Qantas bidders continue to maneuver to avoid government showdown" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.