"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 ...

Subscribe to Access this Entire Article

"Printer-friendly" 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? ATWPlus@penton.com.

Already registered? here.