Wednesday, December 13, 2006

Oantas to be Acquired By Something Or Other

The Financial Times tells us this afternoon that Qantas, the Australian flag carrier, is set to announce that it will be acquired by a consortium in something of a leveraged buyout. That is, a substantial chunk of the money that will be used to acquire the airline will be in the form of bonds secured by the assets of Qantas-primarily aircraft.

What this will do to the ongoing saga of the A380 and Qantas' orders for the same is anyone's guess.

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